#InnovativeBusinessLeaders

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CIO/CISO/CTO/CDO : What's the difference?

The C-Suite has seen the addition of new roles in recent history. All of which relate to the continuing advancement of Technology in our day to day lives.As businesses rely heavily on digital marketing, cybersecurity threat protection or machine learning the addition of the CIO, CISO and CTO have created a new dynamic and hierarchy within modern day enterprises. 

You're probably wondering where these new roles fit in the traditional suite. Answers vary depending on who you ask or which organization you research. Regardless, they each play a vital role in maintaining a competitive edge and ultimately determining the success of an organization. 

Although each share a common goal, they also have key distinctions for their roles. The Chief Technology Officer (CTO) has a broader description of job details, in my opinion.According to SecureWorldExpo, the main focus of a CTO includes R&D, implementing new technologies, creating business models and using analytics to stay aligned with the target market.Some of these functions may seem similar to that of a CIO, especially if you're in a smaller organization. The CTO position branched-off the original role of the CIO as technology advanced, thus requiring more refined attention to certain projects within IT. 

Today's Chief Information Officer (CIO) is focused on maintaining a competitive edge for the organization specifically through technology. As we see more cloud implementation, mobile sites and third-party software, the role of the CIO acts as an umbrella over a multitude of IT projects.Keeping all technology up to date, predicting the future direction of technology and working towards staying ahead of the organizations competition while creating a larger ROI percentage.CIO's often deal with every department within an organization as technology is being implemented across the board to help simplify processes, make sense of data and improve communication. 

The last position is the Chief Information Security Officer (CISO) and tends to be more known than the other two due to recent events in the news surrounding data breaches.The role of CISO has typically been rooted in cyber defense and has led to these executives taking on all the heat when a ransomware attack or Data breach occurs.We're seeing the this position evolve more in to a mentor role where CISO's educate the various departments within the organization on cyber security, compliance and regulations to limit "attacks." This role has also seen a business-savvy element where the CISO addresses the board. 

The most recent addition of the suite is the Chief Digital Officer (CDO) which shouldn't be a surprise given the massive amount of data we create and consume these days.The CDO drives the business in Digital Transformation on the back-end, but also the front-end where it directly relates to the consumer in areas like social media and mobile apps.With stricter regulations being introduced around data, we can expect to see the CDO's responsibilities change a bit quicker than others in the coming years. There's a reason McKinsey & Co. has dubbed this role the "Tranformer in Chief." 

At first glance, these roles may seem similar to those not so familiar with IT, but I hope this article helps differentiate them. Each of these executives has found themselves becoming more business-savvy as companies share the ownership of implementing new strategies.

Read More: https://www.frameoutlook.com/cxo-viewpoint/ciocisoctocdo-what-s-the-difference-nid-78.html

[arabceomagazine]

Young Entrepreneurs into the Global Market

The growth and developments of the region is driven by several interrelated factors of availability of required resources, encouraging government policies, contributing role of young entrepreneurs, etc. Modern countries have reflected a sizeable number of entrepreneurs successfully emerging on the global business skyline. One of the prominent region which has grown up through the catalytic efforts of the entrepreneurs is Gulf. Emerging from numerous sectors of the industries, a number of arabian entrepreneurs have achieved new benchmarks in business excellence leading to the regional developments and significant enhancement in the global business.

Lets explore the role of young entrepreneurs into the global market The Gulf region has seen significant economic growth and diversification in recent decades. The countries in the region are promoting entrepreneurship and innovation to diversify their economies. The young entrepreneurs have been stimulating the economic growth, creating diverse employment opportunities, and making the country more competitive in several ways. The modern business enterprises demand specific talented and skilled workforce thereby encourage and promote skill development and training. The young entrepreneurs have been on the forefront of implementing innovative strategies that aim to bridge the market gaps and customer expectations. Here are some of the dynamic young entrepreneurs who have contributed to the developments of the Gulf region.

Ziyad Organji

20 years of expertise in branding and brand strategy development has made Ziyad Organji an accomplished Saudi brand specialist and an established speaker on TED. As an ambitious and creative young entrepreneur, Ziyad has demonstrated ability to create a successful brand strategy and implement it with full branding services for NGOs, the public and private sectors, and other businesses. Award-winning author of the first Arabic book series on branding, “Eysaam,” and pioneering brand builder, artist, and information transformer with specialized workshops for over seven nations and thirteen cities.

Sofia Al Asfoor

She imparts her design thoughts and emphasizes the value of individualism and simplicity as the creative director and creator of her own accessories brand. With her unique ideas and unrelenting dedication to quality, this young entrepreneur has revolutionized the fashion industry as the creative force behind her own luxury accessories brand. She has become one of the most inspirational businesswomen in the Middle East thanks to her inventiveness, tenacity, and Iconic Shield Collection. She has been in business for more than ten years and has come to represent bravery, tenacity, and strength. Her artistic approach, the challenges she has surmounted, and the motivation behind her goal to use her unique accessories to empower women.

Explore Full Blog: https://arabceomagazine.com/young-entrepreneurs-into-the-global-market/

[ciolook]

This edition of CIOLOOK,The 10 Most Innovative Business Leaders to Follow in 2022,features leaders with their choices that made significant impact on industries

[ciotimes]

CIOTIMES | The 10 Most Innovative Business Leaders Revamping the Future 2022 - Roberto Croci

Link: https://theciotimes.com/magazines/

In this edition of our magazine, We seek to highlight and appreciate The 10 Most Innovative Business Leaders Revamping the Future 2022.On the Cover We are featuring Roberto Croci.

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Retail is one of those things that gets in your blood. These experiences turned into a 30-year vocation that’s taken me to nine countries on four continents to the helm of Sam’s Club.

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The Future of Retail Requires Creating Quality Opportunities and Investing in Associates

I owe everything to retail. I got my start at 14 years old in the backroom of a small shop where I zoned shelves and priced products for about £3 an hour. One of my earliest childhood memories was spending time in my nana’s grocery store when I was five years old, helping her prepare orders that were delivered by bike to customers’ homes.

Retail is one of those things that gets in your blood. These experiences turned into a 30-year vocation that’s taken me to nine countries on four continents to the helm of Sam’s Club. In the blue-collar town where I was raised, money was scant, and opportunity was scarce. Of the 350 students I graduated with, few went to college; for most of my classmates, the thought of a meaningful career plan wasn’t on their radar. For me, a job in retail was a first step. It gave me hope that I could pioneer my own path in life.

Three decades later, hope continues to pull me out of bed every morning and inspires me to find opportunities for every one of our associates across our 600 clubs to grow, evolve and pursue better lives. Now I'm putting the lessons I learned in my hometown to work again – to find ways to help our associates chart their own fulfilling career paths that can improve their lives and financial futures.

Today, I’m proud to share that we’ve made a pair of investments that do just that – reimagining our workforce compensation and providing longer-term financial predictability for nearly 100,000 hourly associates across our company. These include:

A new compensation plan that expands pay increases to between 3% and 6% based on years of service

An increase to our minimum start rate

This is just the latest milestone in what’s been a multi-year journey to improve our associate experience and provide more pathways to generational well-being. Since 2019, we have made a dozen wage investments, from starting pay increases to annual stock grants, that have impacted frontline associates at every level and in every area of our clubs. These complement other opportunities we’ve created for associates – such as block schedules to provide better work-life balance and new technology like the Me@Sams app that gives access to pay, learning and benefits details – to encourage growth, embrace ownership and bring greater simplicity and convenience to their roles.

More Predictable Financial Futures

A stubborn stigma persists around retail work: that it’s both temporary and transactional – roles defined by dollar-per-hour rates. It’s a tired narrative we’re eager to rewrite at Sam’s Club. Why? Because I’m a firm believer that providing good jobs translates to good business. Our hope and expectation for every associate who slips on that blue vest is to know there are opportunities for each of them to make our clubs the best place to shop; that our hourly positions aren’t merely stopgaps to better jobs elsewhere but steppingstones to fulfilling careers right here at Sam’s Club. Just ask our club managers, three of four of whom start in frontline roles.

Read More: https://www.frameoutlook.com/cxo-viewpoint/the-future-of-retail-requires-creating-quality-opportunities-and-investing-in-associates-nid-668.html

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As a business owner or supply chain manager, you know the feeling of watching delivery deadlines slip away, customer complaints pile up, and costs spiral out of control. It’s stressful, frustrating, and can be downright overwhelming.

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Logistics Nightmares: How to Fix Common Supply Chain Issues

We’ve all been there stuck in the middle of a logistics nightmare. As a business owner or supply chain manager, you know the feeling of watching delivery deadlines slip away, customer complaints pile up, and costs spiral out of control. It’s stressful, frustrating, and can be downright overwhelming. 

I want to share my experiences with you because I’ve been in your shoes. I know what it feels like to be knee-deep in supply chain chaos, and I know how hard it is to find solutions that actually work. This article will cover some of the most common logistics issues I’ve encountered and, more importantly, how to fix them. 

The Pain Points of a Dysfunctional Supply Chain

1. Delayed Shipments and Missed Deadlines 

Late deliveries are the bane of any business’s existence. They not only frustrate customers but also disrupt the entire supply chain. The main culprits? Inaccurate demand forecasting, inadequate inventory management, and unreliable carriers. I’ve seen businesses grapple with this, and it can feel like a never-ending cycle of apologies and discounts. 

2. Rising Transportation Costs

If there’s one thing I’ve noticed, it’s that transportation costs can eat up your profits faster than you can say “fuel surcharge.” Whether it’s due to fluctuating fuel prices, inefficient routing, or unexpected delays, rising costs can be a major headache. 

3. Inventory Inaccuracy

Have you ever thought you had stock on hand, only to find out it’s not there when you need it most? Inventory inaccuracies can lead to overstocking, stockouts, and a lot of disappointed customers. 

4. Poor Communication and Collaboration

I’ve witnessed this firsthand—teams working in silos, not sharing critical information, and making decisions based on incomplete data. Poor communication can lead to misaligned goals, delayed responses, and a general sense of chaos. 

5. Lack of Visibility

It’s hard to manage what you can’t see. Without end-to-end visibility into your supply chain, it’s impossible to pinpoint where the issues are occurring, let alone fix them. I’ve seen businesses lose thousands because they were flying blind.

Read More: https://www.frameoutlook.com/cxo-viewpoint/logistics-nightmares-how-to-fix-common-supply-chain-issues--nid-665.html

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The Role of Data Analytics in Business Decision-Making

In today's rapidly evolving business landscape, data analytics has emerged as a critical tool for organizations striving to maintain a competitive edge. As businesses continue to generate vast amounts of data, the ability to analyze and derive actionable insights from this information has become paramount. Data analytics is no longer just a function of IT departments; it is now integral to strategic decision-making, operational optimization, and predicting market trends. This article explores the multifaceted role of data analytics in business decision-making, providing insights into how companies can harness its power to drive growth and innovation.

The Rise of Data-Driven Decision-Making

The proliferation of digital technologies has led to an exponential increase in data generation. From customer interactions and social media engagements to supply chain operations and financial transactions, businesses are awash with data. However, the real value lies not in the data itself but in the ability to analyze it and make informed decisions.

Data-driven decision-making refers to the process of using data and analytics to guide business strategies and actions. Unlike traditional decision-making, which often relies on intuition or past experiences, data-driven decision-making is grounded in empirical evidence. This approach enables businesses to make more accurate, timely, and objective decisions, reducing the risk of costly errors.

Leveraging Data Analytics for Strategic Decisions

Strategic decisions are the backbone of any successful business, determining its direction, growth, and sustainability. Data analytics plays a crucial role in shaping these decisions by providing a comprehensive view of the business environment, identifying opportunities, and assessing risks.

1. Identifying Market Opportunities

Data analytics enables businesses to tap into new market opportunities by analyzing trends, customer preferences, and competitive landscapes. Through tools such as predictive analytics, companies can forecast demand for products and services, identify emerging markets, and adapt their strategies accordingly. For example, a retailer can analyze customer purchase patterns and social media trends to anticipate the next big fashion trend, allowing them to stock the right products ahead of time.

2. Enhancing Competitive Advantage

In a competitive market, having access to timely and accurate data can provide a significant edge. By analyzing competitor behavior, pricing strategies, and market positioning, businesses can identify gaps and opportunities that they can exploit. For instance, a company might use data analytics to monitor competitors’ product launches, pricing changes, and marketing campaigns, allowing them to respond quickly with counter-strategies or innovative products.

Read More: https://www.frameoutlook.com/cxo-viewpoint/the-role-of-data-analytics-in-business-decisionmaking-nid-669.html

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In today's rapidly evolving business landscape, data analytics has emerged as a critical tool for organizations striving to maintain a competitive edge.

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Strategic Leadership Changes at Google to Accelerate AI Development

Google has announced a significant leadership reshuffle as it aims to enhance its position in the competitive artificial intelligence landscape. CEO Sundar Pichai revealed in a recent blog post that Prabhakar Raghavan, who has been at the helm of the company’s search and advertising divisions, will transition to the role of chief technologist. This change marks the culmination of Raghavan's 12-year journey leading various teams within the search organization. 

In his new capacity, Raghavan will work closely with Pichai and other key leaders to provide technical guidance and foster a culture of technological excellence within the company. Pichai emphasized Raghavan's desire to pursue new challenges, stating, "Prabhakar has decided it’s time to make a big leap in his own career." 

Nick Fox, a seasoned Google executive with the company since 2003, will step into Raghavan’s previous role. Fox has been a pivotal member of Raghavan’s leadership team and has contributed significantly to the development of Google's AI product strategy. Before this transition, he served as vice president of product and design for Google Assistant. 

This leadership change comes at a critical juncture as Google navigates a landscape marked by intense competition and ongoing antitrust challenges. The company is restructuring its teams to expedite decision-making and innovation in AI technologies. Pichai also announced the integration of the team developing Google’s Gemini app with Google DeepMind, led by Demis Hassabis. This alignment is expected to enhance collaboration and accelerate the deployment of new AI models within the Gemini platform. 

Read More: https://www.frameoutlook.com/tech-news/strategic-leadership-changes-at-google-to-accelerate-ai-development-nid-701.html

[arabceomagazine]

Sustainability in the Hospitality Sector – How Hotels are Going Green

In recent years, as people have become increasingly conscious of the environmental impact of human activity, sustainability has become an enormous focus for the hospitality industry. Hotels, inherently resource-intensive, have started greening themselves in response to demand from consumers as well as increasing ecological pressure. From energy saving to waste reduction, hotels are revisiting the way they do business to minimize environmental impact. But this is not only good for the planet; the behavior could add to enhancing the image of a brand attract eco-sensitive customers, and eventually save more money in the long run.

Reducing Consumption and Emissions

The area where hotels are currently at an advantage in sustainability is in the management of energy. Traditionally, the hospitality industry generates a lot of energy use, especially in such areas as heating, cooling, lighting, and water usage, which account for a great percentage of carbon footprint a hotel generates. To counter this, many hotels are investing in energy-efficient systems.

For example, LED lighting is now the norm in most hotels because it consumes significantly less energy than conventional bulbs and lasts much longer, therefore reducing electricity consumption and waste. Smart thermostats and motion-sensor lighting are now quite common in guest rooms. Such systems automatically adjust temperature or turn off lights when guests are not present, thereby helping avoid unnecessary energy consumption.

Hotels are also turning their gaze towards renewable sources of energy. A few fit solar panels on their rooftops and produce their own electricity, while others purchase green energy from renewable sources such as wind farms or solar farms. This further reduces hotels’ reliance on fossil fuels and helps them pump out less carbon dioxide into the atmosphere. Besides that, geothermal heating and cooling systems, as well as wind turbines, are also slowly being implemented in locations where these technologies are possible.

Water Saving

The third major area where hotels are introducing sustainability is water conservation. Hospitality is known for its consumption of water, mainly in larger areas with a pool, spas, and higher frequency in changing linen, so there is a call to introduce water-saving technologies and operational changes that minimise consumption of water.

Read More: https://arabceomagazine.com/sustainability-in-the-hospitality-sector-how-hotels-are-going-green/

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Frame Outlook is dedicated to showcasing the achievements and innovations of companies and entrepreneurs, highlighting how they are transforming the market.