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Nearly nine in 10 business leaders say their organizations data ecosystems are ready to build and deploy AI at scale, according to a recent Capital One AI readiness survey. But 84% of the IT practitioners surveyed, including data scientists, data architects, and data analysts, spend at least one hour a day fixing data problems.
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. To ensure his team can meet the challenges that such growth brings, he has doubled his IT staff and invested in upskilling his team.
Organizations that deploy AI to eliminate middle management human workers will be able to capitalize on reduced labor costs in the short-term and long-term benefits savings. Analysts at this week’s Gartner IT Symposium/Xpo spent tons of time talking about the impact of AI on IT systems and teams.
Generative AI is likely to confuse the capital investor as much as any technology ever has,” 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. Gartner’s new 2025 IT spending projection , of $5.75 CEO and president there.
The launch by SAP of new AI capabilities in its SuccessFactors HCM (human capital management) suite Monday is a case of “better late to the party than never,” according to an analyst with Info-Tech Research Group. Enhancements to SAP’s AI copilot, Joule, which allow it to guide employees through the onboarding process. he asked. “It
When a new wave of technology innovation seems to be breaking over the horizon, the fear of missing out — FOMO — can drive hasty decisions on new IT investments. It thrust into the spotlight the potential of generative AI to revolutionize customer interactions, generate images from text input , and even automate software coding.
When were talking with clients right now, one thing that theyre looking at doing is divesting of non-core assets to generate that capital, he adds. Nine of 10 CIOs surveyed by Gartner late last year expressed concerns that managing AI costs was limiting their ability to get value from AI.
In the long run, your costs are going to be lower, and your speed is going to be much faster,” says Naga Gurram, senior director of software engineering at Capital One. But that all depends on a data governance strategy tuned for the digital era. Now we are talking about hundreds of petabytes of data. Data is coming from everywhere.”
While firms are eager to capitalize on their new technology, how they do so is going to dictate the degree of success they will have. Rajeev Minocha, head of banking and capital markets at EXL, a leading data analytics and digital operations and solutions company. Is it worth the investment of resources?
It’s among CIOs’ most persistent and underdiscussed challenges: embracing innovative technologies without losing sight of mounting — and potentially crippling — technical debt. Nearly four in 10 CIOs surveyed recently in a recent CIO Sentiment Survey by IDC said they expect to overspend on digital infrastructure over the next 18 months.
French IT services company Atos has called on a third-party trustee to help it negotiate debt refinancing with its banks after plans to raise €720 million in new capital through a rights issue fell through. It announced it requested the appointment Monday, promising to give an update on the negotiations in due course.
“I didn’t just want to be a software engineer — I wanted to be a software engineer at Gusto,” McGrath explains. “I I had seen others leave to learn software engineering and not come back, which is why we advocated for this program.”. It’s death by 1,000 paper cuts. That’s the real issue.”. Fishing for nontraditional talent.
Sometimes, ML is all you need A small AI approach has worked for Dayforce, a human capital management software vendor, says David Lloyd, chief data and AI officer at the company. You can look at some that are good for language translation, others that are very strong on math, and ours, which is very strong on human capital management.”
This success is a testament to the growing availability of venture capital, a dynamic entrepreneurial ecosystem, and government support for innovation-driven ventures. Saudi Arabia has become one of the leading ecosystems for tech startups in the Middle East and North Africa , ranking among the top three for funding and deal activity.
As CIO Neil Holden moved his company, Halfords Group, further into the cloud, he sought to do more than simply “lift-and-shift” IT operations. Rather, Holden — like most CIOs — wanted his increasing use of cloud to enable and shape the company’s transformation agenda. Here, four IT leaders detail how they have taken action on this front.
Organizations that deploy AI to eliminate middle management human workers will be able to capitalize on reduced labor costs in the short-term and long-term benefits savings,” Gartner stated. “AI Artificial Intelligence continues to dominate this week’s Gartner IT Symposium/Xpo, as well as the research firm’s annual predictions list. “It
This is where Saurabh Mittal, CTO at Mumbai-based Piramal Capital & Housing Finance, wants IT leaders to make a careful distinction. IT leaders seeking to drive enterprise growth through technology investments are often saddled with budgets that make their tasks of increasing the top and bottom lines challenging.
A report issued Monday by private investment company Bain Capital indicated that, despite the numerous disruptions to the technology industry—including a global supply chain crisis and Russia’s invasion of Ukraine—most IT decision makers foresee either stable budgets or increases for the coming year. Budgeting, IT Strategy
Generative AI shifts the cloud calculus Somerset Capital Group is one organization that has opted to go private to run its ERP applications and pave the way for generative AI. Controlling escalating cloud and AI costs and preventing data leakage are the top reasons why enterprises are eying hybrid infrastructure as their target AI solution.
New enterprise performance management features added NetSuite is also adding new enterprise performance management (EPM) features to its ERP suite that aims to improve access to working capital, accelerate payments, and automate compliance. Another feature, dubbed NetSuite Capital, has also been added to the suite.
According to capital management solutions firm Carta, in Q1 this year, startup bankruptcies increased by 58% compared to the same time in 2023. Sometimes a provider proposes a solution based on technology that swiftly becomes obsolete, or just can’t move fast enough when a more promising solution emerges.
While investing in technology is key—and becoming more so—this doesn’t mean that CIO budgets won’t come under pressure, both for capital spend as well as for operations and maintenance (O&M). Not necessarily. Almost invariably, spending on cloud has leapt from low or even non-existent to high. That’s a core benefit of cloud. The results?
The list of highest-paying IT skills is always shifting as technology evolves, but some skills have consistently maintained earning power for IT pros over the years. And while several factors impact one’s salary, such as tenure, experience, and location, expert-level competency comes at a higher premium for some skills versus others.
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. There are ample reasons why 77% of IT professionals are concerned about shadow IT, according to a report from Entrust.
What got you here won’t get you there. That advice from executive coach and bestselling author Marshall Goldsmith has never been truer for CIOs than it is today. The technical skills, IT leadership expertise, and ability to keep the network secure and running, and even to deliver innovation aren’t enough to create success for today’s CIOs.
IT organizations have worked hard to get away from the problems that had plagued their past project delivery processes. They have replaced expansive scopes, the waterfall methodology, and long timelines with iterative development, the agile approach, and multiweek sprints, hoping to avert the big failures that have littered IT’s history.
Vendors continue to proliferate – for instance, venture capitalist Matt Turck of Firstmark Capital has been building an annual “landscape” of Machine Learning, Artificial Intelligence and Data (“MAD”) offerings since 2012 , and the number of vendors has increased from 139 in 2012 to 1,416 in 2023. 10X in 10 Years – can this continue?
Joy Brown’s rise through the upper echelons of digital and IT roles models what is now requisite preparation for technology leadership. As the business world evolved and things changed, my list of what was needed evolved as well,” she says. Data experience is another must-have set of competencies, Heller says.
At FutureIT in Chicago, I moderated a panel discussion with two such leaders, CIO Hall of Famers Steve Randich, executive vice president and CIO at FINRA, and Neal Sample, CIO at Walgreens Boots Alliance. That means pushing back against a lot of pressure, sometimes against the board or the executives. And it gave them the opportunity to learn, too.”
To Carm Taglienti, the explosion of all things AI over the past few years has been both a pro and a con to IT teams. On the one hand, artificial intelligence has helped both technology departments and the business units to work better, faster, and cheaper. It hit us all and kept us from looking at the things we were working on,” he says. “We
American utility and power company AES launched a renewable energy program in mid-2022 that is not only reducing its carbon footprint but adding wealth to its coffer. To achieve that, the Arlington, Va.-based As part of that partnership, Google operates AES’ private cloud platform in its data centers. million in its first year, contributed a $5.5
And so far as its financial performance is concerned, Apple’s Return on Invested Capital has diminished dramatically under Cook , from an astronomical 443% under Steve Jobs to a “mere” — which is to say superior — 183%. “The graveyards,” General De Gaulle once ironically observed, “are full of indispensable men.” Take, for example, Apple.
For the employees, this freed-up human capital helps to invest more time in activities that require human expertise, judgment and creativity, and obtain better work-life harmony. In almost all these transformations, one must prove the justification for change and navigate resistance to it, and go above and beyond to develop the business case.
Brissett has been leading the delivery of an AU$1bn portfolio of capital technology and digital initiatives in support of New South Wales’ largest-ever investment in transport infrastructure. Ranked No. 2 in this year’s CIO50 list is Nicola Dorling , group chief information officer at Downer. And coming in No.
Upgrading cloud infrastructure is critical for deploying broad AI initiatives more quickly, so that’s a key area where investments are being made this year. Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group.
Three years ago, IT leaders were squarely focused on how to adopt fledgling AI techniques and approaches into their business models in service of digital transformations that included plans for shifting some workloads to the cloud. But then the pandemic hit, requiring a historic pivot that set some best-laid plans aside and accelerated others.
One must have technical acumen and business savvy, be a great communicator and problem-solver, and know how to secure funding and capitalize on it. Success for an IT leader requires mastering a wide range of skills. So, how do you as an IT leader unify these wide-ranging personalities into a cohesive project team?
And with capital scarce, “the easiest way to find dollars that can be invested is to find costs that can be reduced,” says Marc Tanowitz, a managing partner at West Monroe. IT leaders have always needed to exercise fiscal responsibility while meeting business demands for technology. But it’s not the only one.
The multinational operates in 80 countries, has a market capitalization of $18 billion, and employs roughly 20,000. That’s where EVP and CIO Kathy Kay found herself in coming to Principal Financial Group from PG&E in May 2020 with a desire to lead an aggressive plan to adopt digital technologies, ranging from the cloud to AI.
Embarc Collective raised a total of $107 million in venture capital in the past year, according to Tampa Magazines. Phoenix Phoenix is home to the “Silicon Desert,” and it’s quickly becoming a hot spot for the tech industry, with a focus on telecommunications, electronics manufacturing, and aerospace. increase from 2021, according to Dice.
Approval of the capital expenditures for these initiatives still happens. It used to be technology was just another utility, on a similar level to an enterprise’s plumbing or electricity. Now, technology fuels pretty much every critical business service for every company in every industry. Technology is inextricably bound with the business.
In my younger and more sarcastic days I used to needle my friend the budgeting manager, who was also responsible for reviewing capital project proposals to ensure their projected ROI exceeded the hurdle rate. What,” I asked him, “is the ROI for budgeting?” But it wasn’t, I insisted, our plan. I do not think it means what you think it means.”
Generative AI takes a front seat As for that AI strategy, American Honda’s deep experience with machine learning positions it well to capitalize on the next wave: generative AI. The digital reinvention of American Honda Motor Co. The Torrance, Calif.-based
The portal can be accessed from any browser, enabling the Cherokee Nation to reach citizens outside of the tribal capital area, and to respond faster to emergency situations, such as natural disasters. The project has earned the Cherokee Nation of Oklahoma a 2023 CIO 100 Award for IT innovation and leadership.
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