Interview with Ross Dawson, Futurist

Ross Dawson works globally as a futurist, keynote speaker and strategy advisor, inspiring audiences with a deeply positive and pragmatic focus on the potential of the future. He is Founding Chairman of the Advanced Human Technologies Group of companies, spanning professional services, web publishing and software development, and the bestselling author of books including Living Networks, which The New York Times credited with predicting the social media revolution.

He has delivered keynotes and strategy workshops in over 30 countries for leading organisations such as American Express, Coca-Cola, Commonwealth Bank, Dubai Ministry of Finance, Gartner, Google, IBM, KPMG, Macquarie Bank, Oracle, Procter & Gamble, PwC, Roche, Telstra and Visa. Media appearances include CNN, Bloomberg TV, SkyNews, ABC TV, Today and Sunrise shows, Washington Post and many others.

 

Interviewer: “What inspired you to become a futurist?”

 

Ross: “Since I was young I always thought it would be amazing to be a futurist, to be able to think about the future for a living, look at where the world is going, and where we are going as the human race. I feel very fortunate to have created that career and role for myself, through hard work over many years.”

 

Interviewer: “How did you make a career out of being a futurist?”

 

Ross: “People often ask me, “how do you become a futurist?” The trite but true answer is that you claim you are, and people either believe you or they don’t. Anybody can talk about the future. You need to have credibility so that people will listen to you and give credence to what you are saying. My definition of a futurist is someone who helps people and organisations think about the future so that they can act better in the present.

My personal journey began over 20 years ago by studying and applying scenario planning, a well-established future discipline. I have been studying and using futurist methodologies for over two decades now, but it was my first two books that gave me the credibility to pursue the profession of futurist on a bigger scale.

My first book was on knowledge-based relationships, with a subtitle of ‘The Future of Professional Services’. The book was highly successful and anticipated the dynamics of the high-value professional services industries today. My second book was Living Networks, which looked at the implications of the hyper-connected economy. The New York Times credited it with predicting the social networking revolution before any of today’s social networks existed.

I was looking to the future but even then my primary role wasn’t as a futurist. These two books’ success gave me the credibility to work as a futurist with many leading organisations around the world. My role is not to predict the future, my role is to help executives to think about the future more than they usually do or in different ways than they normally do, so that they can be more effective in their roles as directors and leaders.” 

 

Interviewer: “What do you see are some of the challenges that IT professionals are facing?”

 

Ross: “Technology is, of course, becoming more and more central to society, business, and organisations. That’s been clear since we started to use computers to process our payroll to the introduction of email as a transformative technology for organisations, through to today where absolutely extraordinary possibilities are being enabled through technology.

The role of the IT professional has moved from being a supporting function to become far more strategic. Nicholas Carr, a former Editor of the Harvard Business Review wrote a provocative article in the Harvard Business Review which stated that “IT doesn’t matter”. He argued that technology is a commodity, just like electricity or other basic functions, so you should treat it as a commodity, spend less on it and focus on what does matter. However, among others, Andrew McAfee & Erik Brynjolfsson of MIT have done studies that showed that those organisations that invest more in technology are in fact differentiated in their industries and perform better.

If you ask which of these ideas is true, the answer is in fact, both are true, in the sense that there are aspects of technology that are commoditised, they are basic functions of the organisations such as accounting and communication, but there are other aspects of organisational technology that are absolutely unique and strategic and shape the organisation’s success.

IT leaders must recognise that there are two possible paths forward for them. One is that boards and executives see IT as a commoditised function which should always be asked to do the same thing or better with less money and resources. Alternatively, the company leaders recognise the critical strategic role of technology and support it moving to the center of the organisation. This, of course, requires the technology leaders to clearly demonstrate the vital role of technology to the future of the business.

As such, one of the critical challenges today for IT leaders today is the fact that they do need to be in both of these worlds. They need to manage core technologies, which you could call commoditised but are absolutely underpinning the organisation and if they go down, the organisation goes down. But at the same time, they need to be exploring new domains including the applications of AI, distributed technologies including blockchain, sensors and IoT and other domains that can create immense value and new possibilities.  There are so many new emerging possibilities that it is challenging to continually explore the possibilities of these new technologies, how they’re applied to these organisations and at the same time having the responsibility of keeping the engine room running that supports the organisation.” 

 

Interviewer: “What would you recommend IT Leaders start taking action towards to prepare for the future?”

 

Ross: “There are a number of facets to how you manage the world of emerging technologies at the same time that you manage core technologies. The starting point is that of leadership, where IT leaders have to take this role upon themselves if it is not given to them, being the technology strategy leader in helping the board and executives to understand the possibilities and the implications of technologies and what that might mean for the organisation. Whether they are recognised in that role or not, they need to take that role.

In managing emerging technologies, one of the key starting points is in governance, because new technologies can have unintended consequences. This is very obvious in the role of data governance amidst the proliferation of data, with many legal implications, but also in terms of the possibilities and the implications of technologies such as AI, which is itself based on massive amounts of data. There needs to be deep thinking around the ethics of technologies, and what is required to create value in ways that protect the future of the organisation rather than put it into danger.

Leaders must set strategic paths or roadmaps to explore possibilities, using lean start-up practices within large organisations to marry these two modes. One of the most important challenges of all is in talent, of course: being able to attract, retain and develop the most talented people who are able to work effectively on leading-edge projects,  and manage the dynamics of some people working on more exciting projects than others.”

 

Interviewer: “What do you see some of the new trends and behaviours of IT being in the next 3-5 years?”

Ross: “One of the most important issues is the transformation of the IT function. You need to look at what is the nature of the IT function today and what will it need to be in 3 or 5 years from now, and from there what are the things that need to be done to enable a successful transformation.

We have been talking about cloud in various guises since the beginning of the millennium, however effectively managing the continuing shift of the mix of where data and processes reside, whether they be inside or beyond the organisation, is critical.

AI is of course on everyone’s agenda in terms of the business applications, for manufacturing, robotics, business process automation and so on, but the next phase which is still quite early is the application of AI to the management of IT itself. This is where AI is applied to processes such as database optimisation, staff allocation, or coding different layers of applications. One important application is in responding to cyber-attacks, which is an accelerating race because both attackers and defenders are using increasingly sophisticated systems. We clearly need to be able to respond faster than humans can to attacks.

We can now certainly start to use and deploy AI systems for optimising or enhancing the management of the IT function. The truly strategic issue today is how you use the most sophisticated IT professionals together with AI and machine learning to achieve your outcomes. That is a strategic challenge, one giving real differentiation to those organisations that are able to effectively combine AI tools applied to the IT function together with human professionals.” 

 

Interviewer: “Are there areas you are interested in learning more about?”

Ross: “Since the future of IT is centred on how human skills and technology work together, a key interest of mine is in productive interfaces between corporations and start-ups. We have a long history in this space, of course, we have many accelerators, hackathons and similar programs yet I still think that there is far more possible in getting true value from working with start-ups in a corporate context.

We still need to discover and develop the structures and the mechanisms which can make that most effective. We are still working out how to bring that entrepreneurial spirit, ideas and technologies to be truly valuable in a corporate environment. This is something we have been exploring for a long time, but there is still more to discover in how to do that extremely effectively.” 

 

Applying Open Banking to Bring Agility, Cost Reduction, and a Focus on Quality

With customer experience being at the heart of every organisation’s plans, businesses are increasingly working towards a dynamic platform to cater to the evolving needs of customers. “From an era when customers had to physically come into a Bank branch to an age where mobile banking is an ubiquitous way of transacting, we are now entering an era of the Bank going to where the customer live (internet)”, says Himanshu Shrivastava, Managing Director, Citibank Singapore in his opening keynote presentation at the CIO Leaders Summit in Melbourne.

 

‘Customer preferences are changing with the younger Millennials and Gen Zs opting for quicker and seamless technology interaction…’

 

The need to build a ‘Smart Ecosystem’ has never been more important for businesses. ‘Datafied’ customer interactions, neurons of APIs exchanging data between activities in real time with the addition of AI and Machine Learning results in delivering a Smart User Experience (UX) driving remarkable customer interactions and loyalty. From cashless to contactless transactions, customer preferences are changing with the younger Millennials and Gen Zs opting for quicker and seamless technology interactions enabling daily activities. From shopping without the need to check out to using ride-sharing apps for commuting, customers are already expecting a frictionless integration of their ecosystem based simply on ‘consent’. The same has been experienced in banking where the digitally born and bred banks and Fintechs are creating smart ecosystems giving the traditional financial institutions a run for their money, literally.

 

Citibank has created multiple revenue streams using APIs to support building new partnerships for growth and customer acquisitions. Study shows that banks that embrace the Open Banking APIs are expected to grow revenue by over 20% while those that are uninterested will decline by 30% by giving away their market share to disruptive challengers emerging in the market by 2020.

 

While without APIs there is a long cycle of requirements for definition and interfacing contracts to testing and validation between parties. The Investment in bespoke infrastructure, ongoing support and maintenance with partners and scalability are all impacted in the absence of APIs.

 

 

‘Dorothy’s ability to traverse the yellow brick road successfully was due to the smart partnerships she created on the journey…’

 

The many advantages of using APIs clearly outscores the effort required to activate them. It is a one-time effort and investment in API build and deployment. Partners have ready off-the-shelf standard APIs to consume and with a single support and maintenance model, it allows amazing scalability in partnership growth. Taking a leaf out of lessons from the Wizard of Oz story, Dorothy’s ability to traverse the yellow brick road successfully was due to the smart partnerships she created on the journey with Tin Man, Scarecrow and Lion whose combined strengths created a level of endurance and capability she would not have achieved on her own. Financial services firms are increasingly concentrating on only their core business, stopped developing tech internally and leveraging collaborations with Fintech solutions and APIs to get ahead in their customer experience journey.

A rich use case, functional sandbox covering all scenarios for independent partner certification and JSON message format, as also being available on public internet APIs are clearly enhancing effectiveness in growth and collaboration plans of business organisations. With a very low budget for APIs, these are surely ‘smart bets’ that organisations can enter to succeed in the long term. In a race to add more value to customers, the financial services industry needs to constantly innovate and collaborate to retain existing customers and to attract prospective ones. A recent survey showed that 69% of customers expect their banking institution to be innovative but only 12% considered their own banks being at the forefront of innovative solutions.

Media Corp’s CIO Leaders event created a platform of a multitude of expert speakers who excited, sparkled and challenged thoughts on the future of the industry all in a well planned and executed day of insights and interactions among top C-level delegates from across top Australian businesses.

For more information about the CIO Leaders Summit Australia please register your interest at http://cioleadersaustralia.com/

– Jilfy Joseph

 

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Interview with Duncan Cavanough, Head of IT & Operations, AFL Telecommunications Australia

AFL Telecommunications Australia is part of AFL Global based in the US. AFL Global is subsequently owned by Fujikura Limited, Japan and employs over 4,500 people worldwide.

AFL provides industry-leading solutions, products and services to the energy, service provider, enterprise and industrial markets as well as a number of emerging markets.

Duncan’s role is to ensure the IT plan and systems supports the business to produce the most technical fibre optic cable and cable systems to meet future (not current) market demands. This not only encompasses IT, but operations, finance, logistics to ensure business continuity across all departments.

Originally Duncan started with one of the first Fibre Optic company’s’ in Australia back in 1994 called AFC Group. From this he has seen the internet and data expand to levels never thought of back then. AFL acquired AFC in 2015.

 

Q. What do you feel are the biggest challenges IT leaders are currently faced with within their business?

A. Fibre optics, being the backbone of the core network in today’s modern world, has always kept me at the forefront of what speeds and feeds can be achieved. In light of this, I see the biggest challenge of IT leaders is providing core networks that have enough capacity to meet the data hungry needs of society, and having the skill base to implement.

Q. As an IT leader, what do you feel businesses continue to get wrong when it comes to their marketing strategy?

A. We market to the ‘now’ which is hard because of the inherent nature of society, when we need to plan for the future. Like with road building and transport infrastructure, we look at how big we need it now, not how big it should be in 10-20 years time.

Q. What are the latest trends and behaviours you predict will be surfacing on the market over the coming 12 months?

A. I hope we get back to using technology to give ourselves personal time back. We seem to have so much tech, it takes most of the day to ‘check’ everything. Tablet, watch, smartphone, smart Tv, Ok Google, Hey Siri….we need tech to support lifestyle, not be a slave to it. If I had to identify something specific however, I see health monitoring (for the ageing population) and fitness trends utilising tech more.

Q. What is the best piece of advice you have received within your job over the years?

A. It’s easier to ask for forgiveness than permission. (Originally quoted by Grace Hopper, a Rear Admiral in the US Navy and one of the first computer programmers) Born 1906

 

Articulating Cyber Security Risk to the Board – Jason Anderson

WORKSHOP 3

Jason Anderson, Head of Information Security, QSuper

This session will look at how to go about articulating cyber security risk to the board in a way they understand.  It will focus on utilising the FAIR ontology to have appropriate conversations with the Board and business stakeholders.

ABOUT JASON ANDERSON

Jason has been working in Information Security for more than 20 years and has a wealth of experience in Security, Risk Management, IT Governance and Compliance. He joined QSuper in June 2017 as the Head of Information Security.
Prior to this Jason was employed in similar roles across a wide range of industries both in Australia and the UK including Suncorp and SABMiller. Jason is a transformational security leader who has experience in delivering large security improvement programs and discussing issues at Board level. Jason holds various industry certifications including CISSP and an MBA from Southern Cross University.

Protecting the 3rd Largest City in WA – Gary Hale

WORKSHOP 2

Gary Hale, Chief Information Security Officer, Curtin University

During Gary’s workshop he shared his views and challenges involed in his role to create an agile, collaborative and resilient environment that enables learning, teaching and importantly fast tracks innovation while noting the increasing level of attacks on these institutions.

ABOUT GARY HALE

Curtin is an internationally focused research and teaching university based in Perth, Western Australia. We have campuses in Dubai, Malaysia, Mauritius and Singapore with strong connections to businesses, industries and over 90 universities worldwide.

With an emphasis on real-world issues, our students graduate job-ready with the skills to make tomorrow better.

AI & Machine Learning: Friend or Foe – Rhys MacFarlane

WORKSHOP 1

Rhys MacFarlane, Chief Security Officer, Luxury Escapes

Rhys held a workshop that addressed the rapidly escalating threat of AI/ML; assisting threat actor’s in target selection; scanning for enterprise vulnerabilities; and potentially covering all trace of an attack.

This workshop explored how AI/ML could also become a great ally to IT and security professionals – allowing for more advanced threat scanning and to enhance security teams’ efficiency by flagging and prioritizing issues in real time. Any improvements will undoubtedly be used by threat actors and it’s the duty of Security Officers to stay prepared and ahead of this coming wave.

ABOUT RHYS MACFARLANE

Experienced Chief Security Officer – skilled in Physical Security, Loss Prevention, Risk Management, Internal Investigations, Leadership and Network Security. Strong military and protective services professional with a Bachelor of Arts – BA focused in Security, Terrorism and Counterterrorism from Murdoch University.

A CISO’s Playbook: Defence – Dynamic Security Strategies for an Uncertain Future – John Kouroutzoglou

ROUNDTABLE DISCUSSION

John Kouroutzoglou, Information Security & Compliance Manager, Domain Group 

This interactive roundtable discussion provided a high level look at the following list of threats and how they’re addressed while including Q&A opportunities as the presentation covered these various topics:

  • Insiders & Outsiders
  • 3rd Parties
  • Competitors
  • Personal security risks

Physical security

ABOUT JOHN KOUROUTZOGLOU

John Kouroutzoglou has been involved in physical and cyber security operations and consulting for over 15 years. He has worked for large global organisations which include: Alcatel-Lucent, HP and EY. John is currently the Information Security & Compliance Manager at leading real estate tech company – Domain Group.

 

 

 

Converged Security (Physical and Virtual Security) – Nitin Singh

ROUNDTABLE DISCUSSION

Nitin Singh, Director of Cyber Security, Victoria University 

Nitin’s roundtable discussion questioned whether the convergence of physical and cybersecurity makes sense.

Physical and cybersecurity are traditionally two distinct functions with similarities and synergies that are not leveraged most often. Everything across physical and cybersecurity systems, process and capabilities is converging which can have significant impact on safety and security of an organisation.

ABOUT NITIN SINGH

Experienced, certified (CISA/CRISC), results-driven and qualified Technology Risk, Audit and Compliance professional with 9 years of experience to strategise, execute and manage complex risk and compliance assessments across technology, security, business operations and large transformation programs.

Possess expert communication skills across diverse groups and all levels of management hierarchy with proven track record to work with senior executives and business unit leaders across Audit, Technology, Risk and Compliance Divisions of ANZ, NAB and various boutique insurance organisations.

Sound understanding of COBIT, ITIL, ISO/IEC 27001, AS/NZS ISO 31000:2009, Regulatory Risk landscape across Oceania and Asia-Pacific countries such as APRA (AU), RBNZ (NZ), MAS (Singapore), HKMA (Hong Kong) and BOI (Indonesia).

Specialties: IT Program Risk Management, IT Risk Transformation, Internal Audit, IT General and Application Controls Assessments, Regulatory and Compliance Assessment, Technology Governance, Identity Management, Project Management, Project Risk, IT Service Management.

 

 

 

 

Everything you need to know about Digital Transformation, but were afraid to ask – Travers Stow

ROUNDTABLE DISCUSSION

Travers Stow, Chief Information Officer, Sigma Healthcare

Travers held a roundtable discussion that unravelled digital transformation and the things you need to know but are too afraid to ask. He discussed the key things you need to focus on so you can be business led, but with IT as the key enabler.

ABOUT TRAVERS STOW

An experienced and successful senior executive with demonstrated business transformation and turnaround capability across information technology, infrastructure, financial services and health.

KEY ACHIEVEMENTS

Designed and managed the stabilisation of Energy Australia’s 2012 billing system implementation (C1), then re-structured and project directed the successful migration of 1.7M customers from Ausgrid to Energy Australia.

Managed the successful delivery into production of Transurban’s new back office tolling technology platform (GLIDe) and built a high performing IT operations team.

Re-cast Australian Unity’s retail distribution to better reflect changing customer preferences for technology based distribution channels (telephony and internet).

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