FinTech Magazine – May 2019

Page 161

“ “ W Wee treat treat cybersecurity cybersecurity as as more more than than an an IT IT issue issue” — — AndyWood, Wood, Andy ExecutiveDirector Director– Corporate Services, Executive – CorporateofServices, Department Finance WA Department of Finance WA

reused across the organisation. This was a massive step forward for us.” The Department is now moving towards harnessing data to be more predictive, particularly regarding cash analytics and optimising cash flow to mitigate wasted spending and accurately forecast the Department’s financial situation over given lengths of time. In order to achieve continued success, the Department recognises the importance of engaging staff and instilling a culture of innovation and disruption. “In any transformation there are three questions that need to be answered: the strategy question, the

the Department itself but also different

technology question and the people

areas across government, to enrich

question. The people question is the

decision-making processes, and its

hardest to answer but is absolutely

swift uptake has resulted in positive

paramount, and how well you answer

impacts. “Business intelligence has

it ultimately determines the level of

been rapidly adopted across the

success you’ll have,” says Wood.

organisation,” notes Wood. “We started

A culture of embracing change has

out with a small proof of concept to get

come through instilling an understand-

50 people from the organisation using

ing that challenges along the way will

Microsoft’s Power BI to visualise reports

ultimately benefit every stakeholder

from the massive data source we have.

in the business. A key element of this

Within 12 months, it has exploded to

is affirming that people, not technology,

about 350 users actively investigating

are leading the transformation. By

and developing reports both in the front

incorporating Kotter’s 8-Step Change

and back ends, meaning they can be

Model to ensure new capabilities are w w w.f i nte c hma ga z i n e. com

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