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CIOs contend with gen AI growing pains

CIO

The road ahead for IT leaders in turning the promise of generative AI into business value remains steep and daunting, but the key components of the gen AI roadmap — data, platform, and skills — are evolving and becoming better defined. That was the key takeaway from the “What’s Next for GenAI in Business” panel at last week’s Big.AI@MIT

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A CIO’s first rule for automation: Have a clear business case

CIO

By virtue of their position between IT and effecting business strategy, CIOs can identify what processes their organizations need in order to modernize and automate. That’s not surprising since CIOs typically own IT automation, as well as help drive business automation.

Business 537
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How AI is transforming business today

CIO

Moreover, 64% of those IT decision-makers expect AI and machine learning to significantly alter the way their business operates over the next three to five years, up from 39% who said the same in 2023.

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Industry clouds prove their business value

CIO

Perhaps most important, Idorsia taps into Veeva’s evolving knowledge base, which encompasses data from other customers such as major pharmaceuticals giants Merck, Bayer, and Kronos, the CIO says. And that is a major gain for a startup — getting the know-how and experience of Veeva’s entire customer base, he says.

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Jacobs revamps its IT operating model to accelerate business

CIO

In March 2022, Steve Demetriou, chair and CEO of Jacobs, announced a new multiyear strategy that would focus on three accelerators for the $15B professional services business: climate response, consulting and advisory, and data solutions, each supported by significant acquisitions. Business success teams.

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The ‘Great Retraining’: IT upskills for the future

CIO

“It’s a win-win when you can get the long-term vision and growth of a company tied to individual career and professional development,” says Mark Yunger, vice president, head of IT at Servier Pharmaceuticals. From an individual’s perspective, it keeps careers interesting and helps people grow with the organization.

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NLP helps Eli Lilly work at a global scale

CIO

With more than 30,000 employees spread across more than 60 affiliate locations and 14 manufacturing sites around the world, pharmaceutical company Eli Lilly operates at a truly global scale. Translations are now taking seconds instead of weeks, providing key resources time to focus on other business-critical activities.” .