Interesting article in Computerworld UK titled "Bank of England doesn't need a Chief Digital Officer, claims CIO" citing Bank of England's recently appointed CIO John Finch.
One of the core sentences in this article: "Speaking at Gartner's Symposium in Barcelona this week, Finch detailed
his vision for the BoE [Bank of England] to become a 'digital social enterprise', but said
that this will be achieved by ensuring that the entire senior executive
team is technology savvy."
My comment
Mr. Finch' statements (as cited in this article) promote a long-due paradigm shift in the self-understanding of senior managers, applicable not only at the Bank of England.
However, I take a slightly different view on what will be a must-have for senior managers to qualify as such in the future. In a nutshell: The business of any financial institution is nothing
else but trading with information. Accordingly, it is indispensable that all senior executives are 'information-savvy' (not
necessarily 'tech-savvy' which ought to be the IT's/CIO's domain) and
assume responsibility for their respective business-area's information model aligned with
the institution's Enterprise Data Architecture.
