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Last week Chris Kentouris, a colleague over at our sister publication Securities Technology Monitor, wrote a nice article we picked up at Information Management. Her story concerned the search for what amounts to a U.S. government chief data officer to keep an eye on Wall Street and other investment/financial firms that lately required many billions of unfunded dollars to prop up.

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Comments (3)
How often did CRO's make this statement? "I do not support this and I will not sign off on this decision,". I think that's an indication of their relevance and influence. If the CFO doesn't sign off on the financials no one can override them. Perhaps CRO's need this same authority. From what I have observed CRO's are window dressing to satisfy regulatory conformance. Notice I didn't use the term "compliance". The CRO's role is to appease the regulators to ensure they appear to be compliant. It is amazing that throughout the latest crisis everyone answers "it's not my fault", "that's not my role", "I didn't know" or "there was nothing I could do under the circumstances". I enjoyed the comment of one senator or congressmen at one of the hearings where he said: "you were either pulling the levers or asleep at the switch". I'd like to add to that "you were either incompetent or irrelevant", select one to describe your role as CRO". Now coming to the role of CIO, this too has become an irrelevant role. Few CIO's have any experience or knowledge about information. Look at their job descriptions. What's the difference between a CTO and CIO? What are they navigating in the boardroom? What's their mission and vision regarding to information? Finally the OFR role. To suggest that the government and industry didn't have the data to anticipate the risks related to the current crises is surprising. Just reading a bit of history would have indicated there was systemic risk. The tulip bubble is a good one to examine. The internet bubble and the belief that this was a new economic model where you could provide your services for free and make it up in volume. All the indicators were there. Fraud, greed and hubris. It wasn't the lack of data but it was a classic example in the belief that what goes up will continue to go up. The belief in a perpetual money machine. Some were pulling the levers, some were asleep at the wheel and some were perpetuating fraud and yet others were doing all three. But everyone was making great amounts of money so why rock the boat. Ignore the data, its full steam ahead.
Posted by Richard O | Friday, September 03 2010 at 12:17PM ET
nice blog...

can anyone provide input on : Any examples or high level steps to integrate SSO in Pentaho.???

Thanks, srini

Posted by sigma I | Tuesday, September 07 2010 at 6:19AM ET
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