FS Special Edition 2017 - 16

16

VENTURING TO
SILICON VALLEY

THE
TAKEAWAYS
* For an IT function to really help the
business, it has to understand the
business, living and breathing the
organization's mission. When that
happens, IT can offer solutions to
problems that the business doesn't
even know it has.
* One way that IT can help a sprawling
multinational organization is to
bring consistency to the way data is
gathered and defined. This creates
opportunities for all kinds of creative
new uses for that data.
* Really understanding the different
job expectations of millennials means
changing your expectations of them.
Sometimes you have to be willing to
benefit from what young employees
have to offer over the course of a year
or two, then wish them well in their
next endeavor.

O

rbital Insights is just one of our startup
partners. Before becoming CIO, I had
worked closely with venture capital
firms and invested in new technology for
emerging markets. For me, it's a natural instinct
to want to keep on top of what's going on in
Silicon Valley.
The first startup we worked with was Box.org,
which provides nonprofits with world-class
technology tools that can help them innovate
and fulfill their mission. Following that, we
brought in lots of interesting pieces of new
technology.
Our cloud-first strategy made a connection with
Silicon Valley, the epicenter of new technology,
even more important. We needed to know what
the latest and greatest advancement was for
Amazon Web Services or Azure. I don't know
how you stay on top of the quickly evolving
technology landscape otherwise. I would take
interested members of my staff with me every
time I traveled out West, and they shared what
they learned when they returned.
Having established that foothold in the Valley,
startups and VCs began coming to us with
technology they thought might have value for
the bank. They would ask us what problems
we were trying to solve. The CEO of a partner
startup would share his or her development
path with us and we would share our strategic
plans with the CEO, so we could innovate
together. There's a willingness on the part of
many small or startup companies to codevelop
products. They share our excitement-and I
mean the World Bank IT function, as well as the
organization as a whole-about our mission to
make the world a better place.


http://www.Box.org

Table of Contents for the Digital Edition of FS Special Edition 2017

Contents
FS Special Edition 2017 - Cover1
FS Special Edition 2017 - Cover2
FS Special Edition 2017 - 1
FS Special Edition 2017 - Contents
FS Special Edition 2017 - 3
FS Special Edition 2017 - 4
FS Special Edition 2017 - 5
FS Special Edition 2017 - 6
FS Special Edition 2017 - 7
FS Special Edition 2017 - 8
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FS Special Edition 2017 - Cover3
FS Special Edition 2017 - Cover4
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