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One of the most important parameters for measuring the success of any technology implementation is the return on investment (ROI). Providing a compelling ROI on technology initiatives also puts CIOs in a stronger position for securing support and funds from the business for future projects. Embrace diversity of thought.
Generative AI (GenAI) is reshaping how businesses operate, offering unprecedented opportunities for greater efficiency, streamlined operations, revolutionized customer service, and enhanced decision-making. But alongside its promise of significant rewards also comes significant costs and often unclear ROI. million in 2025 to $7.45
To name a few — products and services that are delivered on time and on budget, and overall IT ROI.” Avila observes that many IT leaders will default to ROI as the most important metric because there’s strong belief that a good ROI is necessary to get the most out of the technology spend.
However, while embracing hybrid cloud might be intrinsic, clients continually seek to derive business value and higher return on investment (ROI) from their investments. The lack of ROI progress can be attributed to several factors, including slow adoption, unrealized use cases and unaddressed cloud sprawl.
“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 businessobjectives mirror the top directives CEOs are giving their CIOs, according to the 2024 State of the CIO Study from Foundry, publisher of CIO.com.
With this objective in mind: Determine your organization’s innovation appetite (versus its risk appetite; it is too early to speak of ROI in the metaverse). Align on a businessobjective for the metaverse: Are we trying to engage a specific customer population? Are we trying to improve efficiency?
So they spent six months going to individual stores getting ideas, wasting thousands of hours before deciding on a different approach of putting together an internal lean team, bringing in consultants, and taking a holistic, role-based approach to automation. “We They would have looked at the ROI and stopped the program.”
Chris Bowers,CIO of Boston Consulting Group, puts it this way: “In 2024, we’re going to go after generative AI very aggressively. This strategy aims to utilize technology not merely as an operational tool, but as a core driver of business success.” Achieve aggressive AI goals That’s not to suggest CIOs are slowing down their AI work.
S&P Global Market Intelligence has found that digitally driven organizations outperform digitally delayed ones across a host of key metrics, including customer satisfaction, average time to respond to customer inquiries, customer lifetime value, customer acquisition, and marketing ROI. Now it’s this move to generative AI.
Today, it is regarded internally as a transformational business technology used by 6000+ employees as part of a content marketing strategy to achieve businessobjectives. My team is small but mighty and we are incredibly lucky to have partnership from our Adobe and IBM teams.”
They convey information between team members and departments to keep communication flowing regarding goals and businessobjectives. Project Reports Projects are key to keeping a business moving in the right direction while keeping innovation and evolution at the forefront of every plan, communication, or campaign.
It includes a series of interconnected processes and initiatives designed to align the organization’s talent needs with its businessobjectives. Assess current and future needs Conduct a thorough assessment of current and future talent the organization requires to achieve its businessobjectives.
IBM Consulting: Model for generative AI tech stack As you consider implementing generative AI in your F&A function across your core processes, it’s crucial to understand that this technology is not a silver bullet. Start with a pilot project that addresses a specific business problem or challenge.
So with this data revolution, you know, gaining so much momentum, you know, and everybody investing in analytics, and with ROI also becoming more and more tangible, how is the charter of GICs really changed? Venkat: Got it. Because, you know, it seems like across industries, a lot of enterprises are setting up GICs across the world right.
The assessment provides insights into the current state of architecture and workloads and maps technology needs to the businessobjectives. The first three considerations are driven by business, and the last one by IT. (rehost/lift & shift, replatform, replace, refactor, rearchitect, retire, retain).
The very first slide, "Profit: The Ultimate Client Need", shares the key elements that need to function for the outcome (ROI) that causes companies to remain in business. Zach's effort is awesome for these key reasons: Really clear line of sight from BusinessObjective to Net Income.
The 2024 Enterprise AI Readiness Radar report from Infosys , a digital services and consulting firm, found that only 2% of companies were fully prepared to implement AI at scale and that, despite the hype , AI is three to five years away from becoming a reality for most firms. What ROI will AI deliver?
And while organizations have begun to see ROI on AI implementations, those focused on innovation dont expect to see positive financial results from AI projects anytime soon, IBM found. Nearly half of the more than 2,400 IT decision-makers surveyed say their AI projects have achieved positive ROI, according to the survey results.
Organizations often struggle to justify the upfront costs of modernization projects, especially when the ROI is not immediately apparent. As are outdated or inefficient processes being shoehorned into the modernized environment, because of a “this is how we do business here,” mentality. This leads to an old consulting joke.
As AI technologies evolve, organizations can utilize frameworks to measure short-term ROI from AI initiatives against key performance indicators (KPIs) linked to businessobjectives, says Soumendra Mohanty, chief strategy officer at data science and AI solutions provider Tredence. Start by focusing on a current project.
In our fast-changing digital world, it’s essential to sync IT strategies with businessobjectives for lasting success. Technology has shifted from a back-office function to a core enabler of business growth, innovation, and competitive advantage. Vipin Jain, founder and chief architect of Transformation Enablers Inc.
When addressed properly , application and platform modernization drives immense value and positions organizations ahead of their competition, says Anindeep Kar, a consultant with technology research and advisory firm ISG. The bad news, however, is that IT system modernization requires significant financial and time investments.
AI is everywhere transforming industries, reshaping workflows, and promising a future of limitless possibilities, says Paul Pallath, vice president of applied AIat technology consulting firm Searce. Expect this issue to magnify with decision-oriented agentic AI increasingly entering the enterprise.
This isnt surprising given that gen AI investments alone are expected to grow some 60%over the next three years, according to the Boston Consulting Group, accounting, on average, for 7.6% When partnering with the business, IT can take the lead in establishing best practices related to AI implementation. of IT budgets by 2027.
Strengthens competitive advantage, ensuring technology investments deliver maximum ROI. At this stage, EA is no longer just about IT architecture its about business architecture, innovation and strategic execution. The role of EA is no longer just to document IT landscapes its to architect business success.
Another significant advantage is the ability of these dashboards to provide ROI-driven insights. By highlighting the financial or operational impact of poor-quality data, business goal-focused dashboards allow organizations to prioritize remediation efforts that deliver the most significant value.
Offering EA as a service positioning architecture as a consultative function that provides value to product and business teams. Facilitating a business-driven approach to modernization ensuring that technology investments align with businessobjectives rather than just IT priorities.
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