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Migration to the cloud, data valorization, and development of e-commerce are areas where rubber sole manufacturer Vibram has transformed its business as it opens up to new markets. It’s a change fundamentally based on digital capabilities.
Digitaltransformation represented among the largest investments in technology to modernize businesses starting in the early 2000s. With the rise of generative AI, CEOs recognize an opportunity to shift from technology-led digitaltransformation to executive-led business reformation.
In a survey of 451 senior technology executives conducted by Gartner in mid-2024, a striking 57% of CIOs reported being tasked with leading AI strategies. For CIOs, success will depend not only on technological leadership but also on mastering cost control, governance, and the human side of digitaltransformation.
Once a vanguard business strategy, digitaltransformation has become a perennial objective for business survival. 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.
“In a world underpinned by change, it remains constant that digitaltransformation must be a core organizational competency,” she says. The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.”
Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. Appian, Atlassian, Cisco Collaboration, Forethought, IBM, Ivanti, Pega, Salesforce, SAP, ServiceNow, Workday, Zoho, and others launched service-oriented AI agents in 2024.
“We know what we’re trying to achieve, because we know the business goals and objectives,” We want to grow substantially, and we want to do that with speed,” says Bilker, whose clarity on IT’s business objectives mirror the top directives CEOs are giving their CIOs, according to the 2024 State of the CIO Study from Foundry, publisher of CIO.com.
That has been the objective of The Mosaic Company’s global digitaltransformation, which aims to yield at least three times its investment of $300 million. Previously, each Mosaic location operated its own digital infrastructure. Doing so will help Mosaic achieve greater ROI even as it reduces technical debut, the CIO says.
With the AI revolution underway which has kicked the wave of digitaltransformation into high gear it is imperative for enterprises to have their cloud infrastructure built on firm foundations that can enable them to scale AI/ML solutions effectively and efficiently.
That’s not hyperbole: TEKsystems’ 2024 State of DigitalTransformation report found that 53% of organizations classified as digital leaders are confident that their digital investments will meet expected ROIs. DigitalTransformation, Enterprise Applications, IT Strategy, Software Development
In today’s rapidly evolving digital landscape, agility is no longer just a buzzword — it’s a business imperative. Yet, according to IDC’s March 2024 Future Enterprise Resiliency and Spending Survey, Wave 3 , 60% of organizations consider their digital infrastructure spending poorly aligned with expected business results.
The imperative for APMR According to IDC’s Future Enterprise Resiliency and Spending Survey, Wave 1 (January 2024), 23% of organizations are shifting budgets toward GenAI projects, potentially overlooking the crucial role of application portfolio modernization and rationalization (APMR).
Similarly, Deloittes 2024 CxO Survey highlights that while CDOs prioritize AI and business efficiency, sustainability remains a secondary focus. Complexity of measuring ROI : Unlike traditional business metrics, sustainability initiatives are often difficult to quantify in direct financial terms.
According to IDC research, edge computing is growing worldwide at 15% annually and will reach $232 billion in 2024. To that end, IT leaders should perform a careful analysis of ROI before, during, and after an edge implementation. Despite challenges, the move to the edge is gathering steam. AI is a significant driver.
According to its spring 2024 AI Adoption and Risk Report , 74% of ChatGPT usage at work is through noncorporate accounts, 94% of Google Gemini usage is through noncorporate accounts, and 96% for Bard. Case in point: A Canadian tribunal ruled in February 2024 that Air Canada is liable for misinformation given to a consumer by its AI chatbot.
“A typical candidate for the CAIO role is someone with a proven track record of leading successful innovation programs and with a clear understanding of AI,” says David Weldon, adjunct research advisor with IDC’s Executive Programs (IEP) in IDC PlanScape: Chief AI Officer Role (May 2024). Contact us today to learn more.
He assigns technologists who have an aptitude for business and accounting to roles that enable them to identify and pursue transformation opportunities. He has divided his 170 workers into two groups, with 60% of them focused 100% on digitaltransformation and the remainder focused on operational IT.
Queremos crecer sustancialmente y queremos hacerlo con rapidez”, sostine Bilker, cuya claridad sobre los objetivos empresariales de TI refleja las principales directrices que los CEO dan a sus CIO, según el estudio 2024 State of the CIO de Foundry, grupo editor de CIO España.
An examination of cloud capabilities and maturity is a key component of this digitaltransformation and cloud adoption presents tremendous upside. However, migrating applications, infrastructure and services to cloud is not enough to drive a successful digitaltransformation.
AI-driven ROI: Businesses must grow their focus on demonstrating tangible returns from AI investments, integrating advanced analytics to measure performance, optimise operations, and drive decision-making.
Aurelije Zovko : For me, it is a digitaltransformation. Nimit Mehta: I think that 2024 is going to be a buckle-down year, but, at the same time, we’ll see a rapid explosion of experimentation. This ties in with the point about digitaltransformation as well as with making sure data-centricity is at the root of our approach.
Some argue gen AIs emergence has rendered digitaltransformation pass. AI transformation is the term for them. Others suggest everything should be called business transformation or just transformation for short. What terminology should you use?
The 2024 Board of Directors Survey from Gartner , for example, found that 80% of non-executive directors believe their current board practices and structures are inadequate to effectively oversee AI. The time for experimentation and seeing what it can do was in 2023 and early 2024. What ROI will AI deliver?
Digitaltransformation must be a core organizational competency. The impact of generative AIs, including ChatGPT and other large language models (LLMs), will be a significant transformation driver heading into 2024. DigitalTransformation, Generative AI, IT Strategy
The following 10 award-winning projects showcase the impressive power of IT in the enterprise today and the ingenuity of modern CIOs and their teams, serving as representatives for the cohort of 2024 honorees. We recognized AI’s potential to revolutionize the digital landscape and understood that the conventional SOC model needed to evolve.”
To meet the pace required today, veteran IT executives and advisors offer 12 strategies CIOs can employ to increase their organizational velocity on transformational initiatives. Drop digital The term digitaltransformation cropped up more than a decade ago, and it has dominated business and technology agendas ever since.
Insight The fact that CIOs place more emphasis on tech improvements, while the issue isn’t even in the top 3 for CFOs, could slow down digitaltransformation initiatives. Insight In an era of digitaltransformation, it’s important to find a balanced approach between cost-cutting and the urgency of technology adoption.
Shift AI experimentation to real-world value Generative AI dominated the headlines in 2024, as organizations launched widespread experiments with the technology to assess its ability to enhance efficiency and deliver new services. Most of all, the following 10 priorities should be at the top of your 2025 to-do list.
Gabriela Vogel, senior director analyst at Gartner, says that CIO significance is growing because boards rely more on trusted advice on technologies like AI and their impact on investment, ROI, and the overall business mission. But in recent years, it’s been strengthened by digitaltransformation.
Rajendra Bisht, Vice President of Technology and Digital at Bajaj Finance summarizes, Our role began to be included in larger conversations around business, operations and revenue when we demonstrated the tangible impact of digitaltransformation initiatives, such as AI-powered chatbots and AI/ML based solutions.
The 2024 State of the Tech Workforce from IT training and certification association CompTIA noted a similar gender gap in the field, finding that women make up just 27% of tech occupations. Women in the Workplace 2024: The 10th-anniversary report from consultancy McKinsey & Co.
“There’s never been a better time to be a CIO, not just to get a seat at the table, but to be the one to bring the C-suite and company to the digital table,” says Dan Roberts, CEO of Ouellette & Associates Consulting, which offers services for developing future-ready IT leaders.
According to a survey conducted by FTI Consulting on behalf of UST, a digitaltransformation consultancy, 99% of senior IT decision makers say their companies are deploying AI, with more than half using and integrating it throughout their organizations, and 93% say that AI will be essential to success in the next five years.
Nel 2024 le aziende italiane hanno continuato a investire sul digitale e il trend si confermer nel 2025. La societ di ricerche prevede che, nel 2028, almeno il 15% delle decisioni che vengono prese ogni giorno sul lavoro saranno elaborate in maniera automatizzata tramite gli agenti AI, contro lo 0% del 2024.
Para poder sobrevivir, para poder continuar con el plan de transformacin digital, la ciberseguridad ha de ser concebida de manera transversal en la organizacin , sostiene, incluyendo su incursin en la capa de infraestructura. Juan Manuel Garca Dujo, CIO de Cerealto Siro Foods, durante su intervencin en el CIO Summit 2024.
Los CIO tienen que apoyar la rpida digitalizacin y la innovacin, acertar con dnde situar sus inversiones tecnolgicas y con qu ROI se despliegan proyectos. Existe una presin brutal para hacer ms, ms rpido y mejor.
General Motors on Monday confirmed layoffs of more than 1,000 salaried employees in its software and services division, in a move that suggests enterprises are rethinking their software and digitaltransformation strategies. This is especially the case with various Generative AI efforts. GM’s strategy for EVs also has a play here.
PIM can be added to boost your already successful e-commerce and/or catalog efforts, or it can be the vital foundation to a new platform or digitaltransformation, increasing the likelihood of success and ROI.
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