Starting a new job is incredibly stressful as you’re thrust into a brand new environment with new people, new policies, and new systems that you’re unfamiliar with (not to mention checking out the snack situation and learning how to work the security card system -- after you get locked out at least once). Your first few weeks as the “new guy” or “new lady” buys you some slack, but you are still expected to learn as much as possible, as quickly as possible so you can start contributing. Well take that situation and multiply it by about a thousand and that’s what it’s like for a new CIO.
More than likely, the last CIO was fired because the organization’s IT portfolio was under-performing and costing too much money. This leaves the new CIO standing in a deep hole looking up from the very beginning. Even when the new CIO walks in the first day with a plan outline in hand, it’s usually thrown out the window when reality hits and they get a look at the entire application portfolio.
So with all this in mind, how can a new CIO make a real impact in his new job -- and fast? Moreover, how can he execute his strategic plan going forward to increase the business value of the entire application portfolio?
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.