576: In this interview, Dave gives his perspective on the similarities and differences between the CIO and CDO roles and the way they relate to driving business transformations. In this combined role, he explains the importance of cultivating great relationships with business partners, prioritizing high-value drivers, and learning to be agile in adapting to the rapidly changing technology landscape. Within Merck, Dave speaks to the insights arising from the company’s transition from a project-focused to product-focused model, the advantages from its investment in cloud technology, and the use of data analytics and AI/ML to make decisions and assess risks. Finally, we discuss the risk of companies losing focus and falling into “tech for tech’s sake”, learnings from the pandemic, and industry trends towards quantum computing.
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575: In this interview, Scott discusses Wyndham’s investments in the cloud and various platforms, how the company leverages them to meet the needs of various constituent groups, and how the insights his team draws from them help drive the broader business strategy. Scott also explains the technology implications behind Wyndham’s spin-off, the acquisition of La Quinta, the pandemic, and how the company managed and changed at such a rapid pace throughout these major points in his career. Finally, we discuss what the future looks like for the hospitality industry and some of the trends he sees coming out of the pandemic.
574: In this interview, Rashmi Kumar, CIO of HPE, offers her perspective on the HPE’s digital transformation, the benefits of moving HPE’s headquarters to Texas, and the company’s focus on what she calls “digitalization to the core.” She talks about how HPE acting as customer zero for many of its offerings allows for a better understanding of technology’s limitations and leads to honest communication with HPE’s customers. Additionally, we discuss how HPE assessed its ability to transition 60,000 employees and 20,000 contractors to work remotely and why focusing on company culture was critical for the transformation. Finally, Rashmi offers advice on recruiting for a board-level position, ways for companies to sponsor and foster diverse organizations, and a look into some of the trends in IT that HPE is focused on.
573: In this interview, Ken Spangler, EVP of IT & CIO of OpCo Technologies at FedEx, focuses on the culture of innovation at FedEx. Ken describes how his experiences serving as CIO for each of FedEx’s businesses has given him a unique perspective on the firm’s principles to compete collectively, operate independently, and manage collaboratively. He talks about how the company fosters innovation and focuses on what he calls “Constructive Dissatisfaction” in the company. Further, Ken speaks to the culture of FedEx, what it means to still be a founder-led company, and FedEx’s People-Service-Profit model. Additionally, Ken gives his perspective on how FedEx went through four phases of learning due to the pandemic, what the return to work looks like, and a variety of other topics.
572: In this interview, Barbara Lavernos, Deputy Chief Executive Officer in charge of Research, Innovation, and Technology at L’Oréal, discusses the intersection of technology and cosmetics and the evolution of what Barbara calls “Beauty Tech.” We cover how L’Oréal aims to develop personalized and innovative beauty products, services, and devices at scale through the use of artificial intelligence, data, and virtual reality. Barbara shares how the pandemic was a catalyst for digital transformation, e-commerce, and virtual customer experiences, and why business leaders are becoming more tech- and data-savvy. Finally, we discuss the importance of diversity and inclusion in leadership positions.
571: In this interview, Lisa Davis, SVP & CIO of Blue Shield of California, talks about Blue Shield’s mission of transforming the healthcare industry through balancing high tech with high touch, aligning the IT organization around portfolios and products, and engaging with the multiple stakeholders of Blue Shield. She also shares the lessons of authentic leadership, advantages of her experience as a CIO across different industries, advice for CIOs who wish to join boards, as she has, increasing diversity and inclusion in STEM fields, and the latest tech trends she is excited about in healthcare.
570: In this interview, Ashok Reddy, CEO of Digital.ai discusses the intersection of digital and AI, why only 8-10 percent of companies are truly transforming digitally. We also cover why IT teams who are successful in truly transforming work jointly with the broader business to define value. Further, we discuss why IT should work with the rest of the business to run agile, why value streams are best derived by collaboration across the typical silos of the enterprise, how Ashok believes innovation is done best, and a variety of other topics.
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569: In this interview, Catherine Zhou, Global Head of Ventures for Digital Innovation and Partnerships at HSBC, and Megan Crespi, Chief Operations and Technology Officer for Comerica Bank, discuss how barriers to digital adoption are dissolving out of necessity, how Comerica has transformed to enhance the customer experience, and how Comerica is using the pandemic as an opportunity to break down barriers and reach new demographics as work becomes more remote. We also discuss three areas HSBC looks at regarding innovation and profit pools: big tech, the Eastern hemisphere, and FinTech, why it’s every person’s job to innovate at HSBC, not just the innovation team’s job, and a variety of other topics.
568: In this interview, Ramkumar Rayapureddy, Global CIO of Viatris, discusses how the IT team came together over one weekend and transitioned the entire company to virtual work with no business disruption, how COVID accelerated the pace of change for the entire organization, and steps Viatris has taken to keep its employees engaged throughout the pandemic. Ramkumar highlights some of the technologies the company adopted that it likely would not have had it not been for the pandemic as well as the improvements Viatris has made to its preventive maintenance program as it adopts new technologies. Lastly, we discuss how IT is becoming a bigger part of the initial strategic discussion within the company, why Ramkumar likes to hire people from the business into IT, and a variety of other topics.
567: In this interview, we discuss Williams-Sonoma’s digital transformation and how Yasir helped build a future-proof business model for the company that was able to not only withstand, but grow during the pandemic. He talks about the merging responsibilities of the CTO and CDO and what it means for the company to be “digital-first”. Yasir details how the company is focused on creating a frictionless customer experience, how digital and technology play a role in in-house design, and how Williams-Sonoma balances centralization with independence between their brands. Finally, we discuss what Yasir sees as the most salient trends in technology and digital coming out of the pandemic.
