Errol Gardner is Global Vice Chair for Consulting at EY, which has 350,000 people and is one of the largest professional services firms in the world. Errol joins CXOTalk to share his insights about the current state of business and leadership and offer practical advice on leading transformation initiatives at large organizations.
Read the full transcript: https://www.cxotalk.com/episode/business-transformation-lessons-practical-advice
CXOTalk newsletter: https://www.cxotalk.com/subscribe
Given Errol’s experience working with EY’s many global clients, this is an important conversation for anyone interesting in transformation.
The conversation includes these topics:
-- About EY and the role of Vice Chair for consulting
-- What is business transformation?
-- What are the goals of business transformation?
-- What is the organizational transformation mindset?
-- What are common elements of transformation initiatives across large organizations?
-- What are the success factors for cultural transformation?
-- How can business leaders support change efforts during the transformation process?
-- Why do organizations start a digital transformation journey?
-- How should organizations start their business transformation process?
-- What is the role of IT in digital transformation?
-- How can organizations overcome digital transformation challenges?
-- Why is cultural transformation so important?
-- Why are diversity and diverse teams so important to successful business transformation?
-- Advice to business leaders
-- Advice to middle managers
Errol Gardner leads EY Global Consulting with over 100,000 professionals worldwide. In this role, he advises clients on transforming businesses, enabled by technology and data, with a human-centered approach. He joined EY as a partner in 2009 and has held several leadership positions, including the EY Global Leader for Technology Consulting. Errol has 30 years of professional services experience, and has served clients in oil and gas, power and utilities, and has focused on banking and insurance in recent years.
Errol is passionate about diversity, equity and inclusion, and co-chairs EY’s Global Social Equity Taskforce (GSET), to raise consciousness on social equity inside and outside of EY. He is a member of the Executive Leadership Council, an organization committed to increasing the number of C-suite Black executives on corporate boards. Errol is an Associated Chartered Accountant (ACA) and holds a BA in Industrial Economics from the University of Nottingham, UK.
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Digital Transformation with Data at OTIS Elevator
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CIO Strategy: Business Transformation with Multicloud
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Digital Transformation at the United Nations
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Analytics and Data Science at Citibank
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Business Transformation: Lessons and Practical Advice
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The Democratization of Data and Analytics (with Alteryx)
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Digital Transformation with McGraw Hill CEO
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Digital Transformation: A Practitioner's Guide (with TIAA)
41:11#digitaltransformation #chiefinformationofficer #cio Digital transformation is no longer an option for most organizations. The question is how to focus resources and transform in areas such as rethinking business models, improving customer experience or client services, driving innovation, and using data analytics more effectively.But how do you measure the results of this transformation? What are the benefits? What about planning for technology investment and culture change? Digital transformation strategy must consider all these points.To gain practical advice, we speak with Sastry Durvasula, the Chief Information & Client Services Officer at TIAA, to learn how a large organization evolves and transforms. With over $1.4 trillion assets under management, TIAA serves about 5 million customers and was founded in 1918 by Andrew Carnegie.Here are the topics we discuss:-- What is TIAA and how large is the company?-- What does digital transformation mean for TIAA?-- Why are both culture and technology important for digital transformation?-- How can organizations avoid risk during digital transformation?-- What is the impact of corporate politics on digital transformation?-- How do organizations break data silos for digital transformation?-- What is the connection between client experience and digital transformation?-- What is the role of ecosystem in digital transformation?-- What is the impact of diversity and demographics on digital transformation?-- Advice to business leaders on being successful with digital transformation?====Join the CXOTalk newsletter and stay informed of LIVE shows: https://www.cxotalk.com/subscribeRead the transcripts from all our episodes: https://www.cxotalk.com/episode/digital-transformation-practitioners-guide-tiaa====Sastry Durvasula joined TIAA in 2022 as the Chief Information & Client Services Officer, responsible for leading the global technology and client services organizations.Sastry comes to TIAA having most recently served as the Global Chief Technology and Digital Officer, and Partner, at McKinsey & Company. In that role, he led the strategy and development of the firm’s differentiating digital products and platforms, internal and client-facing technology, data & analytics, AI/ML, cyber and hybrid cloud ecosystem, and served as a senior advisor on client engagements. Prior to joining TIAA, he held Chief Digital Officer, Chief Data & Analytics, CIO and global technology leadership roles at insurance broker and risk management company Marsh and at American Express, where he spent 15 years. He was also a consultant for several Fortune Global 500 companies.Sastry is a passionate advocate for diversity and sustainability. He serves on the Board of Directors for Girls in Tech, the global non-profit dedicated to eliminating the gender gap in tech, and championed industry-wide initiatives focused on women in tech, including #ReWRITE and Half the Board. Sastry holds a Master’s degree in Engineering from the Indian Institute of Science, is credited with 30+ patents and plays a leadership role in technology industry/academia consortia.