Not long ago, we all gasped as Cognos was seemingly gobbled up by IBM. One of our biggest and best success stories was no longer “ours.”  Rob, who is fiercely loyal, with over 25 years at Cognos walked us through the highs and lows teaching us some important lessons that can enable all of us to be ready and able to adapt to change – regardless of what it is.  Undoubtedly, shift happens and there’s nothing we can do about it other than be on the upside of the transition. How? 1) strategically be prepared to run as a stand alone 2) talk to everyone! be connected and know who to call when you need information or advice 3) make sure your board is aware and informed 4) have up to date projections and 5) continuous strategic planning is mandatory.  Being prepared is the key – a great example of this was the way that Cognos ran simulated takeovers which allowed them to practice reacting, responding and managing all kinds of acquisition scenarios.  By including the board, management, bankers, lawyers in the dry runs, they were able to develop a very high level of readiness. It was an invaluable tool for the company and meant that when Rob received the call from IBM, he knew it was not a CEO’s decision but a board responsibility and the process began, as planned!

IBM’s commitment to building a Smarter Planet in which new intelligence is one of the key pillars, drives a global commitment to improving how the world collects, analyzes and use information.   Cognos is a “pearl” in the IBM necklace which includes some of the best people, technologies and services in the world and the Ottawa team is seen as the centre of IBM’s Analytics expertise.

Takeaways from today:

• innovation will pay off
• you need to follow the shifts
• be prepared
• there are huge opportunities if you follow the right areas including: analytics, social networks, cloud, and mobile with its world changing applications.

You know it was a good event when after the closing remarks and applause, nobody wants to leave.  

Looking forward to Peter Allen of DragonWave who kicks of 2010 on January 28!

©2010 ocriblogs.com. All Rights Reserved.

35 business proposals were submitted this 2009 season, and the 3 finalists this year are :

1. Smart Rotor Systems
2. The SATESS Business Plan
3. VSM Technologies – Wireless Vital Signal Monitoring 

The finalists, who represent the best and brightest and most from both the University of Ottawa and Carleton University, will present in front of top technology entrepreneurs, investors, business professionals, judges, and of course, family and friends.   The top prize is worth $10,000, second and third both get $5,000.  For more information on TVC, go to - http://www.techvc.org/.

The Carleton University Foundry Program (and therefor Luc Lalande) and Ontario Centers of Excellence are among the main sponsors at TVC.  The OCRI Entrepreneurship Centre (and consequently Manu Sharma) are strong supporters of the annual competition.

Stay tuned for our thoughts and impression of the event and the pitches on tbridge.ca.  Congratulations to all the semi-finalists.

©2010 ocriblogs.com. All Rights Reserved.