Kumar.Parakala

Kumar Parakala is the co-founder and Managing Director of Technova. An entrepreneur, he motivates clients to reimagine their futures in the digital era and helps them get there. His principle expertise is based on developing agile business strategies and building solutions to enable digital transformation of businesses, help “old-fashioned” firms transition to “next generation” digital firms, and increase returns on digital investments.

He specializes in engaging at the Board and CEO level on technology matters and has advised 500+ Board Directors to date. Using proprietary tools and frameworks, he is working with iconic global brands, helping them define their digital futures through new customer engagement models, new products, new business models, new work definitions, new organizations, and new ecosystems.

Kumar has built a successful career working at the intersection of business and technology, driving complex transformation programs to success in Fortune 100 companies, major corporations and government. Prior to Technova, Kumar was a Senior Consulting Partner at KPMG, a firm he served from 2000 to 2015. He led the Global IT Advisory practice between 2005-13, serving on its global executive team and in numerous leadership roles including Head of Digital Consulting, Managing Partner for EMA & India, Global Head of CIO Advisory and Global COO. He also worked as a CIO with public and private sector organisations. In these roles, he pioneered the ideation, incubation and growth of innovative high-growth propositions, that were recognised as world’s fastest growing and rated as market leaders by analysts.

A recognized authority in technology-enabled transformation, Kumar was awarded the Queensland Government Leadership Excellence Award for transforming government services to citizens, inducted into the ACS Hall of Fame and ranked in the Australia's Top 50 in Technology. A sought after speaker; he was invited to the Clinton Global Initiative, Forbes CEO forums, WCC, WCIT and appeared in Forbes, Wall Street Journal, Australian, AFR, CNBC, ABC, CNN, SkyNews.

The opinions expressed in this blog are those of Kumar Parakala and do not necessarily represent those of IDG Communications, Inc., its parent, subsidiary or affiliated companies.

Articles by Kumar.Parakala

5 myths about digital transformation every CEO must know
Business Growth Through Technology

5 myths about digital transformation every CEO must know

The article addresses some of the common myths and misconceptions about digital transformation that the CEOs have, with practical advice on setting the right foundation for transformation journey without getting carried away by hype or sales pitches.
October 11, 2016
Stop undervaluing the CIO’s role in shaping business growth
Business Growth Through Technology

Stop undervaluing the CIO’s role in shaping business growth

Business executives generally appreciate the significant benefits of technology and how it is critical for the success of any business strategy. Yet, less than 33 percent CIOs play an active role in directly shaping business strategies in their organizations. Two-thirds of the CIO don't report to the CEO and are not a part of the executive team. CEOs must urgently capitalize on the opportunity to drive growth by taking advantage of new technology advancements, before market forces and competition forces them to do so.
August 26, 2016
Business Growth Through Technology

How a CIO can help the CEO drive business growth

With the new opportunities digital technologies provide, CIOs have an excellent opportunity to partner with their CEOs to drive business growth. rnrn
April 18, 2016
Business Growth Through Technology

Why growth-oriented CEOs must embrace new technology advancements

CEOs must take charge of their company’s technology agenda for growth and success. They do not have a choice in the matter as technology enablement has become mission-critical to every company. All they need is to have a clear understanding of how technology advancements can help their business by redefining business models, operational processes and most importantly – customer experience and engagement.
January 19, 2016