Remove 2024 Remove Metrics Remove Risk
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10 AI strategy questions every CIO must answer

CIO Business Intelligence

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. The world plunged headfirst into the AI revolution.

Strategy 141
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Where CIOs should place their 2025 AI bets

CIO Business Intelligence

We may look back at 2024 as the year when LLMs became mainstream, every enterprise SaaS added copilot or virtual assistant capabilities, and many organizations got their first taste of agentic AI. AI at Wharton reports enterprises increased their gen AI investments in 2024 by 2.3 CIOs should consider placing these five AI bets in 2025.

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5 tips for better business value from gen AI

CIO Business Intelligence

Specify metrics that align with key business objectives Every department has operating metrics that are key to increasing revenue, improving customer satisfaction, and delivering other strategic objectives. Below are five examples of where to start. Gen AI holds the potential to facilitate that.

Sales 143
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Balancing the costs and opportunities of GenAI adoption

CIO Business Intelligence

The challenge of ROI in innovation The same IDC survey reveals that 58% of IT executives anticipate higher IT spending in 2025 compared with 2024. Engage stakeholders: Work with finance and operations teams to align on budgets, shared goals, and success metrics. million in 2025 to $7.45 million in 2025 to $7.45

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Enterprises willing to spend up to $250 million on gen AI, but ROI remains elusive

CIO Business Intelligence

As leaders work to define the right metrics, those measures must be tightly aligned with the business strategy and should account for the cost of not investing. Profitability remains a close second, surging from 35% in early 2024 to 73% by years end.

ROI 81
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AI-powered information management: a catalyst for operational success in the energy industry

CIO Business Intelligence

Top impacts of digital friction included: increased costs (41%)increased frustration while conducting work (34%) increased security risk (31%) decreased efficiency (30%) lack of data for quality decision-making (30%) are top impacts. But organizations within the energy industry are in an especially precarious situation.

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State of the CIO, 2024: Change makers in the business spotlight

CIO Business Intelligence

Nimesh Mehta, SVP and chief information and strategy officer, National Life Group National Life Group The 2024 State of CIO research clearly depicts a more prominent, business-centric role for IT leadership. “For CIOs, understanding the business is table stakes — now we’re expected to change the business, not just technology.”