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Ongoing layoffs in the tech industry and rising demand for AI skills are contributing to a growing mismatch in the IT talent market, which continues to show mixed signals as economic factors and the rise of AI impact budgets and the long-term outlook for IT skills. What is driving tech layoffs?
That’s great, because a strong IT environment is necessary to take advantage of the latest innovations and business opportunities. There are multiple examples of organizations driving home a first-mover advantage by adopting and embracing technology modernization when the opportunity presents itself early.”
AI is everywhere, surfacing in everything from search engines and virtual assistants to our breakfast conversations. Yet, despite the buzz, IT leaders remain wary of integrating it into IT service management (ITSM). The irony is hard to ignore. If AI can unlock value in other sectors, why should ITSM be left behind?
Taking a human-first approach to AI will help ensure our state can maintain ethics while taking advantage of the new AI innovations. CIOs are an ambitious lot. Not the type to be satisfied with the status quo, they have set big goals for themselves in the upcoming year, according to countless surveys of IT execs.
Technology has shifted from a back-office function to a core enabler of business growth, innovation, and competitive advantage. Successful CIOs work hand-in-hand with their C-suite peers to ensure that IT initiatives reflect the company’s ambitions—enhancing operational efficiency, driving innovation, or expanding market presence.
Even though many device makers are pushing hard for customers to buy AI-enabled products, the market hasn’t yet developed, he adds. Gartner is projecting worldwide IT spending to jump by 9.3% in 2025, one of the largest percentage increases in this century, and it’s only partially driven by AI. trillion, builds on its prediction of an 8.2%
We had an insightful conversation about how to approach the adoption of emerging technologies as well as what it takes — and when it makes sense — to gain first-mover advantage in this environment. They wanted us to be successful because we had all the things they wanted on their marketing brochures,” Randich says.
The following questions are of central importance: Which features are on the market or in development and should inspire customers in the future? How should these be marketed? With the Digital Agenda , the European Union is creating clear and uniform rules for the responsible use of data and artificial intelligence.
The more strategic concern isn’t just the cost— it’s that technical debt is affecting companies’ abilities to create new business, and saps the means to respond to shifting market conditions. Market position (opportunity cost): “We’re six to eight months slower to market with new features than our competitors.”
When building such a strategy for a business, I encourage tech leaders to first examine their competitive landscape, and then ask what the drivers of change are in their markets, and what dynamics are influencing the environment in which they compete.
The cloud market has been a picture of maturity of late. The pecking order for cloud infrastructure has been relatively stable, with AWS at around 33% market share, Microsoft Azure second at 22%, and Google Cloud a distant third at 11%. Here are the top cloud market trends and how they are impacting CIO’s cloud strategies.
Become reinvention-ready CIOs must invest in becoming reinvention-ready, allowing their enterprise to adopt and adapt to rapid technological and market changes, says Andy Tay, global lead of Accenture Cloud First. As 2025 dawns, CIOs face an IT landscape that differs significantly from just a year ago. Are they still fit for purpose?
But with recent financial market turbulence, the rise of AI, and buyer consolidation impacting todays market, some have started asking: Is SaaS dead? Public SaaS companies have seen their valuations compress, with small-cap SaaS significantly underperforming broader market indices in 2024. AI: Disruption or evolution?
A 1958 Harvard Business Review article coined the term information technology, focusing their definition on rapidly processing large amounts of information, using statistical and mathematical methods in decision-making, and simulating higher order thinking through applications.
Often in business we see the recurring phenomenon of the first-mover advantage that comes when organisations pounce on a trend to steal a march on rivals. The opportunity to be an early adopter in AI is here now as new products provide big advantages for those bold enough to commit to change. Start your AI PC strategy now.
From customer service chatbots to marketing teams analyzing call center data, the majority of enterprises—about 90% according to recent data —have begun exploring AI. Operational AI offers organizations significant benefits, including time and cost savings, and critical competitive advantages in today’s business landscape.
Changing consumer behavior and expectations, competition from major e-retailers, evolving cybersecurity challenges, inflationary pressures, sustainability and environmental concerns, and the pressure to take advantage of AI are all very real concerns for retailers today. the world’s leading tech media, data, and marketing services company.
The airliner, which competes against Qatar Airlines, is counting on agentic AI and the LLM to elevate its bookings and expand its share of the growing market, she said, adding that the six-month-old model has attracted 3 million visitors and has handled some bookings, but its value is far more strategic. Give a better experience,” she said.
If 2023 was the year of AI discovery and 2024 was that of AI experimentation, then 2025 will be the year that organisations seek to maximise AI-driven efficiencies and leverage AI for competitive advantage. Primary among these is the need to ensure the data that will power their AI strategies is fit for purpose.
The next evolution of AI has arrived, and its agentic. AI agents are powered by the same AI systems as chatbots, but can take independent action, collaborate to achieve bigger objectives, and take over entire business workflows. The technology is relatively new, but all the major players are already on board.
To drive change, a reworking of what defines CIO/IT success is needed, with a focus on strategic business goals, innovation, and market differentiation. Organizations should introduce key performance indicators (KPIs) that measure CIO contributions to innovation, revenue growth, and market differentiation.
At the end of 2023, Chicago-based Article Student Living was acquired by a global real estate investment company, which allowed the business to expand, and enabled it to make key investments in the high-demand student housing market. Articles technology strategy of creating integrated, scalable systems has been key to success.
This alignment can drive both compliance and competitive advantage. While energy savings and waste reduction efforts may provide tangible cost benefits, the long-term reputational and regulatory advantages of ESG alignment are harder to measure.
Core42 equips organizations across the UAE and beyond with the infrastructure they need to take advantage of exciting technologies like AI, Machine Learning, and predictive analytics. Collaborations between public and private organizations will be vital for the UAE to deliver on its ambitious digital agenda.
Implications for CIOs : Besides avoiding cost and complexity, deploying an off-the-shelf ERP solution also helps in accelerating time to market and making the business agile. It wouldn’t be far-fetched to call ERP (enterprise resource planning) the brain of an organization’s IT infrastructure.
The market for enterprise applications grew 12% in 2023, to $356 billion, with the top 5 vendors — SAP, Salesforce, Oracle, Microsoft and Intuit — commanding a 21.2% market share between them, according to International Data Corp. With just 0.2% With just 0.2%
Other companies are also finding that open source gen AI models can offer more flexibility, security, and cost advantages, although there are risks. Travel and expense management company Emburse saw multiple opportunities where it could benefit from gen AI. Its possible to opt-out, but there are caveats. Finally, theres the price.
CEOs increasingly know and understand that,” says RJ Juliano, senior vice president, CIO, and chief marketing officer of Parkway Corp., Overall, IT projects are meant to create a leaner, more profitable company, says Bilker, CIO of manufacturer Lift Solutions Holding. I believe we’re in a post-alignment world.
Some bad news for CIOs: Many C-suite leaders, including IT leaders themselves, have less confidence in your department’s ability to get the job done than they did a decade ago. The drop was the largest among the CEOs surveyed. Among the IT leaders surveyed, 69% had confidence in their departments a decade ago; now just 47% do. So what’s the deal?
That shift is in no small part due to an AI talent market increasingly stacked against them. Slightly less than half of the leaders planning changes say they will focus on reskilling employees, and a similar percentage plan to redesign work processes to take advantage of generative AI.
And the market for process mining tools is growing. According to a November 2023 report by global market research and management consulting company Global Market Insights, the process mining market is estimated to expand at a compound annual growth rate of more than 40% over the next decade, reaching $31.52
Bringing IT consultants on board give enterprise IT leaders several advantages, not the least of which is quick access to needed expertise when it’s not available inhouse. Here are some tips for getting the most value from using IT consultants and ensuring that the engagement is successful and aligned with your objectives.
Fighting fire with fire For these reasons, organizations that wish to curb the burgeoning impact of AI on their cyber risks need to be particularly vigilant while taking advantage of the abilities of AI to stem this tide of attacks. IT leaders are placing faith in AI. But when it comes to cybersecurity, AI has become a double-edged sword.
Companies buying the marketing hype about the benefits of AI need to look for proofs of concept, added Mark McDonald, a distinguished vice president analyst at Gartner. While enterprises look to adopt AI, many software vendors will be flooding the market with AI-based products in the next two years, Lovelock suggested. growth in 2023.
The bigplayers,such as OTAs [Online Travel Agencies], are advancing in their adoption of new technologies, taking advantage of AI andbig datatools,while other actors are in earlier stages of integration, he says. However, he adds,the maturityvaries in one of the most consolidated verticals at a national level.
Consider the following business solutions in their early forms: Workday for HR Salesforce for sales Adobe or Hubspot for marketing SAP for ERP These solutions reformed the way we thought about HR, supply chain, or CRM, but they did not transform the work itself. An entirely new era is upon us, the rise of an intelligence revolution.
Build better business alignment Multiple CIOs plan to strengthen their ties to other functional areas in ’24, building on the work they’ve done in recent years to create even more synergy. Create dynamic, flexible teams Alignment only gets IT so far, though. Claffey notes that undertaking such a shift goes beyond making structural changes.
Otherwise, they say, IT simply moves the location of its servers from its own data centers to someone else’s — and risks missing out on the innovation, transformation, and speed to market that cloud adoption enables. Instead, CIOs need to retrain and reorganize IT to take advantage of all the bells and whistles that cloud offers, he says.
After all, in today’s rapid-paced business world, a creative, productive IT team is vital for staying ahead of the competition, increasing revenue, and becoming a market leader. This strategy is advantageous because it links individual development to overall team performance, thereby fostering a sense of purpose.”
Following are seven steps to guide this transformation for competitive advantage. Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.
Cost advantages, accelerating speed to market, and making better decisions will resonate with your peers,” he explains. Composing a workforce is like playing chess. Of the latter, 70% to 80% were supplied by strategic partners. “In In many cases,” explains Perkins, “we’ve become supplier-managers. So how do you forge a different path?
Our platforms like Neo and NeoBiz are designed to be quick to respond to what the market needs. This choice was bolstered by third-party benchmark reports, which highlighted significant advantages such as approximately 35% lower total cost of ownership (TCO) compared to traditional solutions.
When salespeople are working off good data, they will have a competitive advantage,” Tantrum states. “If Building sales requires a well-equipped sales team, and in today’s digital world, that means IT must become a strong support partner. It requires a deep commitment to frequent, clear communication and coordination on mutual goals.
As today’s digital-centric landscape continues to evolve at an unprecedented pace, software agility, and speed-to-market are critical to long-term success and revenue growth for any business. It requires a mindset change away from the technology itself and instead, towards identifying the target market and understanding those wants and needs.
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