On June 9th, CAST hosted the event, How to Control Software Risk and Cost in Digital Transformation, in Madrid with CISQ and Dr. Richard Soley, CEO and Chairman of the Object Management Group.
A main objective of successful companies today is to improve the experience of their customers and become more competitive by taking advantage of modern technologies. This leads to corporate-wide Digital Transformation initiatives where IT managers play a key role in managing risks and costs associated with the transformation.
Yet, software complexity has emerged as one of the most significant barriers to transformation success. Software complexity, combined with the need to reduce time to market, can often increase the risk and cost attached to software development and maintenance, especially those related to security, robustness, efficiency and maintainability.
Jaime García Cantero, IT Analyst, opened the session illustrating the context of Digital Transformation in which organizations are currently immersed.
Dr. Richard Soley and Paul Bentz, Director of Government and Industry Programs at the Consortium for IT Software Quality, shared how OMG and CISQ are solidifying software quality standards used for structural quality analysis, benchmarking, functional size measurement and their applicability to SLAs and vendor relationships. In conclusion, they discussed why measurement is important to transformation success.
Following presentations from OMG and CISQ, attendees heard from an expert panel, including Ana Arredondo, Head of IT at Oficina Española de Patentes y Marcas, Carlos Castellano, CIO at AVIVA Servicios Compartidos, Araceli García, Global IT Country Service Lead at IAG GBS Spain, Alejandro González, Director of Innovation and Digital Business at Grupo Caja Rural, and Francisco Pomar, Director of Architecture and Methodology at Banco Popular. The panel addressed:
- Software security and risk management, based on objective metrics
- Software complexity management from a technology and architecture point of view
- Digital Transformation enablers
Erik Oltmans, an Associate Partner from EY, Netherlands, spoke at the Software Intelligence Forum on how the consulting behemoth uses Software Intelligence in its Transaction Advisory services.
Erik describes the changing landscape of M & A. Besides the financial and commercial aspects, PE firms now equally value technical assessments, especially for targets with significant software assets. He goes on to detail how CAST Highlight makes these assessments possible with limited access to the targetâ€™s systems, customized quality metrics, and liability implications of open source components - all three that are critical for an M&A due diligence.