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To drive change, a reworking of what defines CIO/IT success is needed, with a focus on strategic business goals, innovation, and market differentiation. Of the top seven metrics, only two — innovation and profit growth — are directly tied to digital transformation goals. The CIO is no longer the chief of “keeping the lights on.”
So the question that plagues any professional entrusted with or motivated to drive a huge change initiative is how to inspire innovation and foster a culture of excellence. Sharing of resources, ideas and research between teams should not only be encouraged but should be bestowed with tangible rewards.
This is a common scenario: A client reaches for benchmarks and metrics without fully grasping the larger context. But benchmarks, while useful in certain cases, are often misleading when taken out of context. Their current focus on innovation made sense — right now. Their response? We’re at 40/60.” Spoiler: No. Just a cycle.)
Current strategies to address the IT skills gap Rather than relying solely on hiring external experts, many IT organizations are investing in their existing workforce and exploring innovative tools to empower their non-technical staff. Mona Liddell is a research manager for IDCs CIO Executive Research team.
Lastly, voluntary frameworks have been proposed by many countries such as Singapore and Japan, to encourage AI innovation. The Law provides a set of frameworks that are as comprehensive as the EU AI Act, with the intention of balancing the need for innovative AI development with the need to safeguard society. and countries of the EU.
CIOs face the daunting challenge of driving innovation while managing costs and ensuring practical implementation in a rapidly advancing digital landscape. This article presents essential strategies for CIOs to strike the optimal balance among innovation, value, cost, and practicality in tech investments.
Bayer Crop Science sees generative AI as a key catalyst for enabling thousands of its data scientists and engineers to innovate agricultural solutions for farmers across the globe. Making that available across the division will spur more robust experimentation and innovation, he notes.
Although it identifies six ethical principles, these haven’t been translated into codified benchmarks, and there have yet to be any concrete standards or recommendations issued. Researchers point out that the act is expected to have an impact beyond EU borders due to its “wide extraterritorial effects.” for the latter).
Challenge: Consumers want to shop on their own terms Recent research shows that 77% of consumers today buy through a mix of digital and physical shopping, while just 17% buy only online or only in physical stores (IDC Retail Insights: Consumer Sentiment Survey, 2024 — Findings and Implications, July 2024). And they are making progress.
By strengthening resilience through diversified engagement, regional compliance, and innovative revenue streams, organizations may better navigate a web that is moving away from open access toward more walled gardens, algorithmic-controlled interaction, and increased domination by platforms. Contact us today to learn more.
In the climate and green sector, IT pros are the backbone of innovation across multiple areas, Breckenridge says. Learn more about IDCs research for technology leaders OR subscribe today to receive industry-leading research directly to your inbox.
Vendors and consultants are always eager to share insights into innovations and trends, but exchanging ideas and opinions with colleagues and fellow IT leaders can often be invaluable. We work directly with technology leaders, executives, and boards to develop our research insights.”
The companies aim to standardize the licensing of intellectual property for AI and ML datasets, promote ethical data practices, facilitate industry collaboration, advocate for content creators’ rights, and support innovation in AI and ML technologies while protecting intellectual property, they said in a statement.
Daniel Saroff is group vice president of consulting and research at IDC, where he is a senior practitioner in the end-user consulting practice. This practice provides support to boards, business leaders, and technology executives in their efforts to architect, benchmark, and optimize their organization’s information technology.
A typical candidate for the CAIO role is someone with a proven track record of leading successful innovation programs and with a clear understanding of AI,” says David Weldon, adjunct research advisor with IDC’s Executive Programs (IEP) in IDC PlanScape: Chief AI Officer Role (May 2024). Here is your chance to be that leader.”
1 Powered by the latest Intel GPUs and CPUs aboard liquid-cooled Dell servers, the Dawn supercomputer combines breakthrough artificial intelligence (AI) and advanced high-performance computing (HPC) technology to help researchers solve the world’s most complex challenges Accelerating breakthrough Dawn vastly increases the U.K.’s
By leveraging this perspective, you can position your organization to weather disruptions and harness deep automation’s energy for unprecedented growth and innovation. Learn more about IDC’s research for technology leaders. Contact us today to learn more.
This rapid adoption, while driving innovation, has also led to overloaded IT architectures that are fast and automated but often fragile and complex. The CIO dilemma: Fostering innovation while preventing digital addiction CIOs face a complex dilemma in managing their organization’s technology environment. Assume unknown unknowns.
Experiment with the “highly visible and highly hyped”: Gartner repeatedly pointed out that organisations that innovate during tough economic times “stay ahead of the pack”, with Mesaglio in particular calling for such experimentation to be public and visible. Artificial Intelligence, Digital Transformation, Innovation, Machine Learning
While they are advocating for digital transformation to enable more innovation and agility in support of increased revenue, they now recognize that this comes with additional cyber-risk. Learn more about IDC’s research for technology leaders. Dr. Ken Knapton is an adjunct research advisor for IDC’s IT Executive Programs (IEP).
Interestingly, despite the significance of technical debt as a cost concern and an inhibitor to improving security and implementing innovation (like AI), it ranks much lower on the list of immediate priorities for many organizations (20%). This approach helps maintain a balance between managing debt and driving innovation.
The EU and US want to foster scientific information exchange between AI experts on either side of the Atlantic in areas such as developing benchmarks and assessing potential risks. Researchers gave the development of US-EU coordination on AI a cautious welcome, while looking for more detail on the specifics. “AI
For example, according to IDC research, datacenter capacity is a critical focus for M&A activity, with total deals in the first half of 2022 estimated to be over $24 billion ( Colocation Segment Trends: M&A Drives Datacenter Investment , IDC, February 2023 ). Learn more about IDC’s research for technology leaders.
What Is Competitive Benchmarking? Competitive benchmarking uses qualitative and quantitative data to rank IT vendors against their peers. Competitive benchmarking is a tool that TBR has been providing to leading IT vendors for nearly 20 years.
The company aims to provide customers with a banking journey that is not just efficient and secure, but also innovative, engaging, and memorable. Our commitment to being a challenger bank drives us to offer innovative, digital-first solutions like Mashreq Neo and Neo NXT, which provide unmatched convenience and efficiency.
Promote continuous learning and innovation within the team. Learn more about IDC’s research for technology leaders. Empower the workforce through training and upskilling Provide the necessary skills and knowledge to develop and sustain a modern application suite. Contact us today to learn more.
Salesforce debuts gen AI benchmark for CRM June 18, 2024: The software company’s new gen AI benchmark for CRM aims to help businesses make more informed decisions when choosing large language models (LLMs) for use with business applications. The agent will be accessible via their respective software interfaces.
Unprecedented growth in AWS during this period also compelled CIOs to learn more about how startups were innovating and operating efficiently on the cloud. Keep those real-world benchmarks in mind. Allowing teams to choose tools doesn’t mean each team is given free rein to select any tool they want.
Researchers estimate that in 2025, they will consume around 20% of the world’s power supply. Microsoft: Setting a benchmark in renewable energy utilization, Microsoft has projected that by 2025, its data centers in Ireland will be fully powered by renewable energy sources. and a Water Usage Effectiveness (WUE) of 0.20.
Scents of the future Based in Hong Kong, the Huabao Group was established in 1996, specializing in research and development (R&D), production, and sales of fragrances and flavors. These are among the factors that led to the Huabao Group winning a 2023 SAP Innovation Award in the Transformation Titan category.
Resilient IT teams anticipate, adapt, and innovate. Learn more about IDC’s research for technology leaders. David Weldon is an adjunct research advisor with IDC’s IT Executive programs, focusing on IT business, digital transformation, data management, and artificial intelligence. Don Welch, CIO, New York University : “Teamwork.
That is really neat for a couple of reasons,” said Ritu Jyoti, group VP, worldwide AI and automation research at IDC. “If He said that SAP benchmarks models for performance on individual tasks, as well as for bias. That’s where we see the value.”
In researching this article, I found gaps where CIOs promised capabilities to stakeholders, but implementations and business impacts have lagged expectations. Second, CIOs must identify the gaps between the hype of what business leaders expect from IT departments and the realities.
Progress is steadily being made with quantum research, but the day when somebody can truly master quantum mechanics and release its true potential has remained elusive. research manager, quantum computing research lead, IDC. For example, 20 years ago, artificial intelligence was only relevant for researchers.
The Technology Investment Matrix isn’t just a framework — it’s a mindset that empowers IT leaders to build adaptive technology portfolios that balance innovation with practicality. Learn more about IDC’s research for technology leaders. Contact us today to learn more.
When presenting significant innovations and digital transformation investments, preview the presentation to the executive committee, illustrate where customer feedback experiments are needed, and expect detractors seeking perfect roadmaps. We’re still trying to figure it all out, so we don’t have any significant progress or insights yet.”
Rather than spend a lot of time manually researching all of that information, we want to use generative AI to summarize what’s out there, tell us where the signal in the noise is, and suggest areas for us to look into.” My prediction is generative AI will be the most disruptive innovation in business.
Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Today’s CIO is not just a technology leader, but a business executive.
You’re confident you have a great offering because you’ve done your research. The crucial next step to success is an ongoing competitive benchmarking process – that is, the process of measuring and tracking long-term strategies and outcomes of other companies. What is competitive benchmarking? Competitive research is key. .
According to research from McKinsey, it contributes about $10 trillion to the economy. One of the reasons that the industry is growing so quickly is that it is investing heavily in big data and artificial intelligence and other innovative forms of technology. This could be very important for new contracting companies.
However, there is currently no standardized reporting methodology, which makes ESG benchmarking a challenge. That is why it is crucial to have a market intelligence platform that aggregates ESG content into one place so you can efficiently perform your research and benchmarking. Want to find out Airbus’s goals?
Entrepreneurs, innovators, and creatives have always benefited from doing research and better understanding their business environments. With better benchmarks, KPIs, and statistics , business leaders can better understand their environments and ultimately make more objective, logical decisions.
These tools were built to help our clients tackle key use cases, like earnings analysis, company research, peer benchmarking, and more. As a testament to the value we are adding, our award from Fast Company speaks to continued our innovation and commitment to delivering on the promise of generative AI for our clients.
VMware is the market leader for a reason: It has not only delivered the most successful virtualization product but has continued to innovate the product and market. That begs the question, if Broadcom continues the innovation, are the VMware licensing cost increases enough to cause an organization to change its approach to virtualization?
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