| | July 20169CIOReviewSecurity is one item that keeps me up at night. The attackers continue to get more sophisticated and we manage the risk with processes, training, and technology. An item that I have future thoughts around is standardizing on private data elements. The SEC is very stringent on filings for public companies (which is good), but there is not the same discipline for filings of private companies anywhere. If there was good research data on private companies, it would make the due diligence and decision support processes on companies easier with the leverage of technology. Firms are trying to create various systems, but it will not be its best until the data is standardized up front.I think in the future as Alternative Asset Management firms continue to figure out how to improve their bottom line and gain potential insights around the business, then big data will be very important. Due to the global collaboration and global need of investment professionals in Carlyle mobile, cloud, IOT are all important­the Digital World.In the alternative asset management space we are moving to the "Desktop of the Future" because our users have to be able to work from anywhere at any time and be able to get to any files. We have not completed this deployment, but this is our strategy. So mobile phones, tablets, cloud have revolutionized our space, making our user base much more productive. A Word for CIOsThe role of technology has changed greatly at our firm. It used to be break/fix and now we are providing solutions with the business and meeting their needs by understanding their customer experience. Professionals in the technology space have increased their business acumen to truly partner with the business. My role as CIO has become much more strategic and the intersection of the Business, Technology, and Finance/Budget challenges me daily. CIO's have to know much more about the business and their strategies than they have had to know in the past and they have to stay on top of emerging technologies.Within Carlyle we have transformed the technology team to be true business partners where we understand the business, understand the process, and then we assess if we truly need technological leverage to solve the problem or is the solution just a process or organizational change. We have put a big focus on change management, communications, and creating transparency for the business. The business should always know the value proposition. We are always looking at potential disruptive technologies to see if they would add any value to our user base. The role of the CIO understanding security and having a well-qualified CISO is very important. At Carlyle we know how important it is to mitigate our risk so the CISO pays full attention to this area. The CISO works between IT and the business and works closely with legal, compliance, Enterprise Risk, and internal audit. For a CIO, Security should be their main focus.A CIO starting in the Alternative Asset Management space needs to understand the business first, learn the culture, assess the current state, and then set the strategy for the future­always being a TRUSTED partner with the business. If there was good research data on private companies, it would make the due diligence and decision support processes on companies easier
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