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In today’s fast-evolving business landscape, environmental, social and governance (ESG) criteria have become fundamental to corporate responsibility and long-term success. This article delves into the transformative potential of AI, genAI and blockchain to drive sustainable innovation.
Instead of seeing digital as a new paradigm for our business, we over-indexed on digitizing legacy models and processes and modernizing our existing organization. As a result, most businesses remain saddled with complexity, department silos, and old ways of doing things. The reality for most businesses was much less revolutionary.
Efforts to gain market strength As a tour operator, Soltours short- and medium-term objectives focus on continuing to offer innovative solutions to travel agencies, and all of this with the aim of optimizing agency operations with more agile and personalized tools. We want to have the best specialists in the field.
Most IT and business executives recognize the necessity of close alignment. What really matters is determining how to fit every function together to achieve unified goals — chiefly IT and its business counterparts, given the importance technology has organizationwide. Here are 11 effective ways to reach that goal.
Speaker: Jay Allardyce, Deepak Vittal, Terrence Sheflin, and Mahyar Ghasemali
As we look ahead to 2025, business intelligence and data analytics are set to play pivotal roles in shaping success. Understanding these trends is not only essential to staying ahead of the curve, but critical for those striving to remain competitive and innovative in an increasingly data-driven world.
Even in the case of moderate to low risk, technical debt impacts can change quickly as business needs evolve. Another question is: What separates out debt thats fixed opportunistically versus critical debt that could cripple the business? Using the companys data in LLMs, AI agents, or other generative AI models creates more risk.
Still, CIOs have reason to drive AI capabilities and employee adoption, as only 16% of companies are reinvention ready with fully modernized data foundations and end-to-end platform integration to support automation across most business processes, according to Accenture. These reinvention-ready organizations have 2.5
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Jeff Schumacher, CEO of artificial intelligence (AI) software company NAX Group, told the World Economic Forum : “To truly realize the promise of AI, businesses must not only adopt it, but also operationalize it.” Lazarev agrees: “It’s one thing to have the technology, but it’s another to weave it into the fabric of your business strategy.
By connecting your product’s journey with the company’s financial success, you’ll ensure that every feature, release, and innovation contributes to the bottom line, driving both customer satisfaction and business growth. In this webinar, we'll highlight the critical importance of business and financial acumen in product management.
The Middle East is rapidly evolving into a global hub for technological innovation, with 2025 set to be a pivotal year in the regions digital landscape. AI and machine learning are poised to drive innovation across multiple sectors, particularly government, healthcare, and finance.
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The opening of this new office in Dubai not only marks a key development for the company but also reflects its dedication to helping local businesses with their digital transformation journeys. In the years to come, Salesforces role in Dubai will likely grow, contributing to the continued development of the UAEs digital economy.
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The business narrative around generative artificial intelligence (GenAI) has been consumed with real-world use cases. However, as GenAI matures and businesses move deeper into enterprise-level adoption, it’s become clear that the most transformative impact of GenAI will be on the very idea of transformation itself.
We havent realistically begun updating and normalizing the wider semi- and unstructured data applications that pervade business processes and that are exactly the data and business flows that can most benefit from the latest waves of AI innovation. Its about bridging the gap between raw data and actionable insights.
To help enterprises overcome these challenges and achieve positive business outcomes, EXL launched EXLerate.AI, its agentic AI platform. The platform demonstrates EXLs continued innovation and investment in the development of new AI solutions across key functions in insurance, healthcare, banking and capital markets, and other industries.
How and why is Ingram Micro becoming a platform business? But today, were working toward becoming a platform business, and recently re-entered the public eye under the NYSE: INGM ticker symbol. Many digital transformations focus on platforms to support the business, but thats different from running a platform business.
Innovate Shane McDaniel, CIO for the City of Seguin, Texas, says his city has grown by about 35% since the 2020 census. McDaniel says this work also creates a strong launchpad for more IT innovation in the upcoming year. Were embracing innovation, he explains. Heres what they resolve to do in the upcoming 12 months.
If we remain solely focused on just building better and better AI capabilities, we risk creating an amazing technology without clear applications, public acceptance, or concrete returns for businesses. Innovation is what will make companies successful in an AI-driven future. Instead, it needs to be coupled with innovation.
Agus Huerta, SVP of digital innovation and VP of technology at Globant, says hes seen better performance on code generation using Llama 3 than ChatGPT. Its one thing to build an open model, release it, and have millions of people use it, versus building a business model around it and monetizing it, he says.
AI is clearly making its way across the enterprise, with 49% of respondents expecting that the use of AI will be pervasive across all sectors and business functions. Yet, this has raised some important ethical considerations around data privacy, transparency and data governance.
With data central to every aspect of business, the chief data officer has become a highly strategic executive. Todays CDO is focused on helping the organization leverage data as a business asset to drive outcomes. Its a message CDOs have been yelling from the rooftops for some time.
The survey found that people are surprisingly knowledgeable and excited about AI and business leaders should understand and not underestimate consumers when developing and deploying AI-enabled solutions. GenAI created tremendous interest, and is giving a boost to enterprise AI strategies, and promises to enable many business outcomes.
Salima Bhimani has been encouraging the responsible and ethical use of AI for several years as Alphabet’s first chief strategist and director for inclusive and responsible technology, business, and leaders from 2017 to 2023. Now, we have to think about innovation as a way of really reshaping the world so that it works for everybody.
trillion annually — translating this into compelling business language for the board remains a persistent challenge. 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.
With technology rapidly shaping business outcomes, and the tech infrastructure supporting every aspect of business, CIOs much deservedly now occupy a seat at the table. For Shajy Thomas, Regional Head of Tech APAC at Technicolor, technology actively contributes to shaping long-term business outcomes.
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To some consumers and businesses, alike it may appear companies are exaggerating the significance of this emerging technology. AI this, AI that The reality is that AI is here to stay and will play a massive role in the future of global technology, how consumers interact with it and the way businesses operate.
Here are five specific areas to focus on regarding innovation and thought leadership. Innovation is critical despite economic cycles or company performance Especially in difficult times, the board may look for additional ways to improve profit margins and generally tighten the belt.
Long-term game Business leaders are turning their focus from experimenting with GenAI to exploring long-term use cases that transform business performance and workplace culture for the better. The report shows GenAI is on track to augment human labour in a range of areas, with implications for business models in every industry.
In a global economy where innovators increasingly win big, too many enterprises are stymied by legacy application systems. As a consequence, these businesses experience increased operational costs and find it difficult to scale or integrate modern technologies. The solutionGenAIis also the beneficiary.
Global professional services firm Marsh McLennan has roughly 40 gen AI applications in production , and CIO Paul Beswick expects the number to soar as demonstrated efficiencies and profit-making innovations sell the C-suite. However, the higher value use cases involve new business models, which require widespread organizational change.”
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For this reason, paying down technical debt while innovating and supporting growth is one of the greatest challenges for the modern CIO. We have nine business units, some B2C and some B2B, but regardless of the business unit or customer, we use the same set of digital technologies across the enterprise.
To comply with this obligation, Suncor has developed the Intercompany Tax Automation (ITC) solution using SAP Business AI & SAP Build Products. The key highlight of the solution was leveraging Suncor’s existing investments in SAP, improving, and optimizing the solution for evolving and challenging business needs with quick time-to-value.
Companies eager to harness these benefits can leverage ready-made, budget-friendly models and customize them with proprietary business data to quickly tap into the power of AI. The right generative AI solutions can unlock a world of opportunities for business leaders aiming to increase efficiency, drive productivity, and boost performance.
Focus on the areas that will enhance business and efficiency,” he says. I believe if you don’t enhance every business process with it, you will simply get left behind.” You’re going to have to innovate, and the way you innovate isn’t by getting it right out the gate. The technology is too novel and evolving,” he says. “As
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