Munish Mittal, Executive Vice President, Information Technology, HDFC Bank

• Green ICT is not a fashion Statement.
  
• IT governance is one area which can be significantly improved with an inward focus while business cycle goes through a tougher time.
  
• Working from home and tele-commuting are two initiatives that CIO’s should explore and evaluate seriously in the current environment.

Arvind Tawde, Sr VP and CIO, Mahindra and Mahindra Group

• Use business value as the barometer
  
• Avoid making knee-jerk decisions
  
• Use Zero base budgeting

Satish Pendse, CIO, HCC

• Use the current period as an opportunity to demonstrate the power of IT to control costs and improve efficiencies. Providing business users dashboards is an effective step in this direction
  
• Use this opportunity to develop your team. Utilize their available time for building skills.
  
• Get the team to do tasks, which are important but not urgent. For example, in most companies, documentation is generally incomplete.

Rajendra Deshpande, CTO, Intelenet Global Services

• Every opportunity should be looked at from a zero base and with fresh eyes.
  
• Building a business focus dashboard is a must, as this enables the CIO to plan and monitor every expense incurred.

N Nataraj, CIO, Hexaware Technologies

• Adopt open source tools, virtualize servers as much as possible, use IP Phone Technology and Net Telephony to bring down costs of communication. A CIO must also explore using unified communication tools to bring in a new model for collaboration and communication.
  
• Promote the concept of paper-less office – This saves cost, time and the earth also.