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Mumbai, Oct 8, 2016
Opportunities & Challenges To Bridge, Align and Converge
IT & Business
ICAI Mumbai - IT Summit 2016Oct 8, 2016
“Challenges and Opportunities”:The role of accountancy and finance professionals to bridge the gap between the IT department and the stakeholders
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
ABOUT ME
Dinesh O BarejaMicrosoft MVP, CISA, CISM, ITIL, ISMS, Cert ERM, Cert IPR
• COO – Open Security Alliance & IndiaWatch • Principal Advisor – Pyramid Cyber Security & Forensic Pvt Ltd• Co-Founder – Indian Honeynet Project• Ex Cyber Surveillance Advisor – CDRC (Jharkhand Police – Special
Branch)
Policy Development;Cyber Insurance; Forensic & Incident Investigation & Response; Enterprise Security Architecture; Assessment, Audit & Optimization; Governance, Risk Management;
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
This is what you do….
My Understanding
This is what you do….
•Handle Finance•Accounting•Budgets•Cash Flow•Internal Audit•Management / Board Guidance•Etc etc
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
This is what “they” do….
My Understanding
This is what “they” do….
•Computing resources•Troubleshooting•Support •Automation•Evaluate & Enable Technology•Continuity / DR… etc.
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Comparing the Twain… it’s like apples and oranges
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Yet, Some Similarities•One deals with valuable information the other manages it (financial/otherwise) •Both are critical for the entire organization •Cost reduction through efficiency and oversight•One needs strong internal control the other needs to keep an eye on internal controls•Both have “need to know” based access policies
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
A quick humor break
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
IT ka Jungle
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Psychology 1-2-3-4A Quick Run-Through
Causal Analysis > Problem Statement > Remediation Options > Prescription for Action
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Why Do Gaps Crop Up In RelationshipsProfessional Issues•Difference of opinion•Loss / Lack of Respect•Ego Issues•Expectations•Unrealistic Aspirations •Superseded•Ambition
Personal Issues• Incompatibility•Body talk (looks, hygiene)•Envy•Disgruntled
Causal Analysis 1
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Gaps between IT & Stakeholders •Non availability of timely support•Do not allow installation of my favorite software•Restrict internet usage•Ban personal devices •No third party apps•Shortcomings in applications provided by IT•Etc… Problem Statement2
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
What does one do when gaps crop up
•Negotiation•Arbitration•Settlement•Transfer / Avoid Risk•Education•Face Facts•Fight •Expert Opinion•Go With The Flow
Remediation Options3
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Be prepared to provide all this and more..
•Dispute resolution•Arbitration•Negotiation •Mentoring•Empathy•Sympathy•Guidance•Education •Budget Fundamentals•ROI / UOI Bookkeeping
Prescription for Action4
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
End Psychology 1-2-3-4
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Let’s get back to
IT & Business
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Common Enterprise User Problems•Computer slow• Too many pop-ups •Websites take forever to load• Email did not reach (or go)•Can’t open attachment•Application not starting•System takes forever to start• Printer doesn’t print
•Can’t install “my s/w”•Where are my files•Network not reachable• Intranet is down• Instant Messaging banned•No Social Media!•Restricted Internet•No budget for new license
Common problems that can lead to bad blood
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
IT Department OMG Moments•Budgeting•Write a Report•Ask Money for new People, Technology…
•Oh Not! Not Again…! •Network• Anything
IT Department WTH Moments
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Some Challenges To Address•Financial Sensibility •Always on Fire •Know it all Attitude (Technical Superiority)• Inefficiency (ask for something and wait for a lifetime) •Every need is Urgent except ….•UoI (Use of Investment)•Maybe some more!
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Break Out Of The Old
The One Solution
Chop The IT Budget
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Opportunity For The F&A Professionals•Culture of Risk based approach •Finance for the F&A Challenged•Budgeting •Forecasting • Context of business• Capacity Planning
•Periodic analysis to assess and address challenges•Ask IT team (techies are bad at communication)•Step up to understand technology
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Opportunities •Efficiency and productivity from IT investments•You don’t need to be a techie to extract or build value in IT move beyond debit, credit •Ensure implementation of ITGC •Data classification across the organization •Ensure that IT capabilities are available & leveraged • IT to achieve organizational objectives •Bring risks to acceptable levels especially BCP/DR
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Opportunities – UoI / RoI• Assessment Prior to Purchase • Needs, Efficiency, Productivity, Savings, Risks• Plan for monitoring / audit and quantifiable reports• Search within
• Set benchmarks and goals• As-is / To-Be• Approach, Methodology, Rollout plan, KPIs
• Post-Purchase • Audit to ascertain UoI (level of success, issues, challenges,
weakness)• RCA • Remediation of weaknesses• Institutionalization of successful processes
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Bridging The Gap
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Prescription For Action• Understand working of technology, keep abreast
of new paradigms• Participate with IT in review of helpdesk statistics • Support team expansion plans in proportion to
enterprise growth• Push for automation with IT • Assist in budget creation, management and
review• Inclusiveness - Share management insight and
expectations• Work with IT for management acceptance of
projects • Purchase evaluation, selection, negotiation
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Bridging The Gap
How Come All This Is My Responsibility Now …
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Times are a changing and need you to step up…
roles are converging and demand everyone to be
involved in business successTHE BOTTOM LINE
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Remember the good old times
An accountant was an accountant
The Chartered Accountant audited accounts………..
And now……..
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Fundamental Truth IT Gotta Worry Before AND Also After Spending
THE BOTTOM LINE
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
It’s All About
DATA
MONEYIt’s
All AboutTHE BOTTOM LINE
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
All tracks are Aligned,
Are they converged?
Will they converge??IT & Business
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
ABOUT ME&
MY CONTACT
INFORMATION
@bizsprite
linkedin.com/in/dineshbareja
+91.9769890505
dineshobareja
dineshobareja
infosecgallery.blgspot.com
securambling.blogspot.com
Information Security professional working hard to be abreast of technology, risks, threats, opportunities and looks forward to the excitement of the future..
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
Who
professional infosec expertise and passion to demolish the hype and enable real-life balance in cybersecurity policy, strategy, training and operations at the national, enterprise or individual level
A Reality Check On The Past Present & Future of National Security &
Cybersecurity
ABO
UT
US
Wh
at
Whe
re
@bizsprite / @IW_talksL: linkedin.com/in/dineshobareja +91.9769890505 dineshobareja dineshobareja dineshbareja.com indiawatch.in
“Challenges and Opportunities-The role of accountancy and finance professionals to bridge the gap between the IT department and the
stakeholders”
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