Remove 2024 Remove Business Objectives Remove Reporting
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Companies to shift AI goals in 2025 — with setbacks inevitable, Forrester predicts

CIO Business Intelligence

Noting that companies pursued bold experiments in 2024 driven by generative AI and other emerging technologies, the research and advisory firm predicts a pivot to realizing value. In addition, despite billions of dollars invested in AI infrastructure and generative AI in 2023, only 20% of businesses reported earnings benefits from AI in 2024.”

ROI 127
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5 tips for better business value from gen AI

CIO Business Intelligence

According to AI at Wartons report on navigating gen AIs early years, 72% of enterprises predict gen AI budget growth over the next 12 months but slower increases over the next two to five years. That doesnt mean investments will dry up overnight. Many early gen AI wins have centered around productivity improvements.

Sales 143
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AI potential meets ROI pragmatism: 3 crucial questions every CIO should ask

CIO Business Intelligence

To do so, we need to first ask ourselves three key questions: Question #1: How will we use AI to meet our specific business objectives? The question, then, is not whether you will shift toward more AI-influenced operations in 2024 but how and, more importantly, why. AI is a tool, not a mission statement.

ROI 52
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Navigating the cloud maze: A 5-phase approach to optimizing cloud strategies

CIO Business Intelligence

Otherwise, companies will struggle to realize business value with AI/ML capabilities left to endure high cloud cost expenses, as it has been for many companies in 2024 for AI solutions. The assessment provides insights into the current state of architecture and workloads and maps technology needs to the business objectives.

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5 IT risks CIOs should be paranoid about

CIO Business Intelligence

One approach is to define and seek agreement of non-negotiables with the board and executive committee, outlining criteria of when upgrading legacy systems must be prioritized above other business objectives. Now, add data, ML, and AI to the areas driving stress across the organization.

Risk 142
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CDOs: Your AI is smart, but your ESG is dumb. Here’s how to fix it

CIO Business Intelligence

Additionally, 97% of CDOs struggle to demonstrate business value from sustainability-focused AI initiatives. Similarly, Deloittes 2024 CxO Survey highlights that while CDOs prioritize AI and business efficiency, sustainability remains a secondary focus.

IT 59
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6 enterprise DevOps mistakes to avoid

CIO Business Intelligence

Rick Boyce, CTO at AND Digital, underscores how a typical IT project mentality toward DevOps can undercut the CIO’s ability to deliver on business objectives. High performers (31%) deploy between once per day and once per week, report 10% change failure rates, and recover from a failed deployment in under a day.