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Balancing innovation with value, cost, and practicality: The CIO’s guide to future proofing technology investments

CIO

Imagine navigating a rapidly changing landscape, where technology seems to evolve at the speed of light and the pressure to keep up is relentless — this is the reality for today’s CIO. CIOs face the daunting challenge of driving innovation while managing costs and ensuring practical implementation in a rapidly advancing digital landscape.

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Solving the tech debt problem while staying competitive and secure

CIO

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.

Security 617
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Innovative Manufacturers are Investing in these Advanced Technologies

CIO

There’s also an opportunity to explore how new manufacturing technologies can help build a bridge between information technology (IT) and operational technology (OT)teams. 2] As with any advancement in technology, edge computing comes with benefits and drawbacks.

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Strategize, modernize, and lead: Transform your business with application portfolio modernization

CIO

The strategy unfolded through careful planning, leveraging technology to enhance the taxpayer experience and ensuring robust cybersecurity measures. Many organizations face challenges with outdated applications that are expensive to maintain, lack flexibility, pose security threats, and hinder the adoption of modern technologies.

Business 663
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Strategies to combat GenAI implementation risks

CIO

As organizations worldwide prepare to spend over $40 billion in core IT (technology budgeted and overseen by central IT) on GenAI in 2024 (per IDC’s Worldwide Core IT Spending for GenAI Forecast, 2023-2027 , January 2024), there’s an urgent need to manage the risks associated with these investments.

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Beyond growth: M&A as a strategic transformation enabler

CIO

Deals are developing beyond core business growth, encompassing new digital opportunities and emerging technologies as drivers of strategic acceleration. Resource planning : Digital investments by definition address people, process, and technology in the business case. What technology would amplify or leverage differentiation?

Alliance 672
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What is digital transformation? A necessary disruption

CIO

Most CEOs (72%) continue to prioritize digital investments, according to the 2022 CEO Outlook report from KPMG, in part due to concerns about emerging and disruptive technology, a top three risk to organizational growth. Digital transformation is the integration of digital technologies into all aspects of business operations.