Chief Information Officer
Chief Information Officer
The Chief Information Officer (CIO) is The CIO oversees IT governance, data management, and information security, as well as the maintenance and enhancement of existing systems to support the organization's day-to-day operations.
Objectives
- Safeguard company security (e.g Cybersecurity)
- Ensure visibility of the processes and efficiencies across different departments
- Manage costs across different processes
- Drive digital transformation
Challenges
- Security and data protection
- Increasing regulatory & compliance requirements
- Data integrity and systems gaps
- Finding the best technology solutions
- Cost Control
- The profile of open source must be raised
Open Source Awareness
- Recognise OSS as a reality
- Determine what projects should/ should not be open source
- Educate on the growth in reliance on OSS
- Understand what peer organisations are doing
- Understand that OSS is not a “last resort” approach, and may often be the best approach
Open Source Engagement
The CIO's interaction with OSS often involves evaluating its viability, security, and long-term support, as well as ensuring compliance with licensing and legal requirements. What are the legal implications of usage: exposure / license violation conditions.It is important to understand where the code lives and the risks associated with e.g. Log4Shell
Furthermore, the CIO plays a critical role in guiding the organization's contributions to open source projects, which not only enhances the company's reputation but also cultivates valuable relationships with the broader OSS community. This includes understanding the extent of its use in their organisation.
Internal Stakeholders
- Executive Leadership
- IT Departments
- Line of Business Managers
- Project & Product Managers
- Data and Information Security Teams (e.g. CISO).
Calls To Action
Read the Survey Report "The State of Open Source in Financial Institutions"
Watch recorded presentations from the 2022 FINOS Open Source Strategy Forum
Attend the FINOS Member Meetings and OSFF events