Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Webcast: In the Google Apps Cloud: How to Achieve Your Business Objectives
Dec 3rd, '09, 1 - 2 pm US/Eastern (GMT-5)
Join Council member Brent Hoag, Director, Global IT, at JohnsonDiversey, as he discusses the adoption of Google Apps which has helped meet four corporate goals; sustainability, simplification, increased employee productivity and global collaboration.
Webcast: Collaboration Initiatives: Benchmarks & Best Practices
Dec 15th, '09, 4 - 5 pm US/Eastern (GMT-5)
Join Council members Ruth Thorpe, VP & CIO at the U.S. Pharmaceutical Operations of Sanofi-Aventis, and Gary Kuyper, CIO at Bethany Christian Services, as they speak about their collaboration initiatives and experiences in how and why they chose the social networking and collaboration tools they are using and their business goals for collaboration, and facing culture change challenges.
Data Overview: Collaboration Initiatives Field Guide: Benchmarks & Best Practices
This appendix to the Council Field Guide provides an analysis which discusses benchmarks for collaboration IT implementation costs, adoption rates and payoffs. The overview identifies top IT and business goals and satisfaction rates for collaboration initiatives as well as best practices and lessons learned for implementing collaboration IT.
Learn more about the CIO Executive Council »February 01, 2003 — CIO —
The federal government is littered with IT modernization projects that cost too much, took too long and delivered too little. When Richard Heroux joined the Securities and Exchange Commission to head up modernizing its electronic disclosure system known as Edgar, he was determined to learn from that legacy of failure. Armed with a master’s degree thesis that plumbs the depths of federal modernization mistakes, Heroux applied his research to the SEC’s three-year, $22.5 million project.
Heroux’s academic work paid off. The revamped Edgar system was successfully deployed on time, on budget and met its stated goals. In use since 2001, the modernized Edgar (short for electronic data gathering, analysis and retrieval) is a Web-based system that increases efficiency, streamlines bureaucracy and reduces the burdens of regulatory compliance. It has improved the financial disclosure filings system for a varied and sundry group of constituents both inside and outside the SEC, and is now the recipient of an Enterprise Value Award. Gregor Bailar, executive vice president and CIO of Capital One in Falls Church, Va., and an Enterprise Value Awards judge, cites Edgar for "literally redefining the interface among the investor, the actual stock share issuer and the SEC."
As the regulatory agency that oversees capital markets in the United States, the SEC’s main mission is to protect investors by ensuring the integrity of the securities industry. With Edgar, the SEC is now better equipped to carry out that mission. Edgar automates both the collection and dissemination of the financial data that public companies and their affiliated executives and officers are required to file with the SEC. By making that data available to investors via the Internet within 78 seconds of receipt, Edgar gives investors a foundation for making more informed decisions. William G. Heninger, an assistant professor of information systems in the School of Accountancy and Information Systems at Brigham Young University in Provo, Utah, has studied Edgar’s effect on the market. "When the filings hit [electronically], there was a significant change in stock prices," says Heninger, something that didn’t happen with the SEC’s previous paper-based disclosure system. He says that Edgar has also created a level of fairness that was not available before: "Edgar put detailed information out into the hands of the average everyday investor." Previously, such information was the exclusive domain of investment companies, pension fund managers and other investment professionals. In short, Edgar?by furnishing investors with timely and actionable financial information online?enables the SEC to increase both the fairness and efficiency of capital markets. At a time when investor confidence is battered and the SEC’s leadership has garnered criticism, Edgar offers hope that e-government can work.