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  Business
IT Picking Up Where G20 Left Off
By Daniel Reinhold
Special Contribution
With the conclusion of the G20 Summit in Seoul providing a bleak economic outlook across several financial sectors, there is a distinct need for another industry to provide the growth needed to rebuild confidence in the global marketplace.

Globalization has seen an exponential speed of implementation over the last couple of decades and the information technology sector has been a driving force behind this change. With the sector seeing similar areas of development throughout different regional marketplaces development of topics like cloud computing, virtualization, mobility and security means IT is well positioned to bridge the gap needed between countries represented at the G20.

With North America and China needing to develop additional ways to lead on the global stage, IT is a strong venue for developing businesses to increase revenues. With the G20 concluding that emerging markets are in a much stronger position and have long term growth potential, can CIOs across China and North America and Europe develop leading solutions that still position themselves above the more highly competitive emerging markets.

Leaders like Daniel Lai, CIO and Head of IT at Mass Transit Railroad Corporation are great examples of how integral IT is to market growth when integration is required for successful mergers as in the 2008 merger between MTR and Kowloon-Canton Railway Corporation. Mr. Lai will be speaking at the CIO Asia Summit on how his experiences are helping to develop new growth opportunities in his marketplace.

Additionally, leaders like Mr. Bryson Koehler, SVP Revenue and Guest Technology at the InterContinental Hotels Group, are great examples of how providing next generation technology allows traveling business executives the ability to generate revenues on the road and the benefits IT brings to multiple industries. Mr. Koehler, who’s most recent speaking engagement will be at the CIO NA gathering, is responsible for the management and delivery of technology that generates billions in revenue and supports hundreds of millions of guests.

When diplomatic, business and economic relations are stressed between major powers like China and North America the need to grasp onto commonality is even more important. Across the global stage aligning business with IT is one of those common threads. To develop an IT strategy that focuses on core business and allows it to improve the financial performance and competitiveness is why IT is an area that will bridge gaps that could be left open.



 

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