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In our fast-changing digital world, it’s essential to sync IT strategies with business objectives for lasting success. Technology has shifted from a back-office function to a core enabler of business growth, innovation, and competitive advantage.
Because the contribution to value and innovation is often unclear, employees from business-related departments perceive IT as a black box and can’t always judge what it does and what added value it entails. This is also why some companies appoint a CDO to close the gap of value contribution between business and IT.
Today’s hyper-competitive business landscape demands businesses to do more with less. Similarly, 52% used SaaS applications for human resources (HR) management, while half of those surveyed also preferred SaaS for business intelligence tools and customer relationship management.
Without a well-researched and informative analysis, businesses risk falling behind. This can be a competitive intelligence briefing on your competition, providing the insights you need to make informed decisions about your own business strategy. Their backgrounds might offer clues about business direction and strategies.
In the context of corporate intelligence, a gap analysis helps identify an organization's level of preparedness in relation to prioritized trends in the businessenvironment. The process involves evaluating each trend's importance to the organization and the organization's degree of preparedness using a matrix.
In the context of corporate intelligence, a gap analysis helps identify an organization's level of preparedness in relation to prioritized trends in the businessenvironment. The process involves evaluating each trend's importance to the organization and the organization's degree of preparedness using a matrix.
What I’ve seen is that, to address the rapid change and complexity in today’s businessenvironments, leaders have created overly complicated organizational structures. Enterprise cybersecurity, data governance, analytics, AI, architecture, and business processes cannot be effectively managed when strategies stray and data siloes exist.
Additionally, CIOs indicate that the lack of alignment between IT and the business is their third biggest challenge within their organization (IDCs CIO Sentiment Survey 2024, n = 395 ). And alignment between IT and the business is still a challenge according to my conversations with CIOs today, and it has been for a long time.
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