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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?
Perhaps we got digitaltransformation wrong this whole time. Instead of focusing on the transformation part, we did a lot less transforming and a lot more digitalization. We did not really invest in digitaltransformation, instead we did digital reformation when you reform, you modify, but you do not reinvent.
As organizations continue their digitaltransformation (DX) journeys, the role of the CIO evolves. As digitaltransformation becomes a critical driver of business success, many organizations still measure CIO performance based on traditional IT values rather than transformative outcomes.
ADIB-Egypt has announced plans to invest 1 billion EGP in technological infrastructure and digitaltransformation by 2025. This ambitious initiative is poised to position ADIB-Egypt at the forefront of the digital banking revolution, transforming how customers interact with their financial services.
And executives see a high potential in streamlining the sales funnel, real-time data analysis, personalized customer experience, employee onboarding, incident resolution, fraud detection, financial compliance, and supply chain optimization. Another area is democratizing data analysis and reporting.
Digitaltransformation is a broad term that is difficult to define precisely. Think of digitaltransformation as a way to future-proof a business. But, you can consider it a change in the business activities to prioritize your business’s digital presence. Approach To Digital Marketing.
Despite the best of intentions, CIOs and their organizations often struggle to deliver business outcomes from digitaltransformation strategies. And while KPMG reports that 72% of CEOs have aggressive digital investment strategies, McKinsey details a harsh reality that 70% of transformations fail.
One of the world’s largest risk advisors and insurance brokers launched a digitaltransformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. Simultaneously, major decisions were made to unify the company’s data and analytics platform.
When Carlo Nizam joined EGA in 2021, he was tasked with leading the company’s digitaltransformation, a journey aimed at optimizing every aspect of the business. Carlo describes his dual role as Chief Digital and Information Officer (CDIO) as one that combines both traditional IT and digitaltransformation responsibilities. “We
While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% The message to CIOs is to do more with less, and the implication is that CIOs must look at digitaltransformation initiatives differently than in years past.
The analyst reports tell CIOs that generative AI should occupy the top slot on their digitaltransformation priorities in the coming year. As every CIO can attest, the aggregate demand for IT and data capabilities is straining their IT leadership teams. Luckily, many are expanding budgets to do so. “94%
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.
One of the world’s largest risk advisors and insurance brokers launched a digitaltransformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. Simultaneously, major decisions were made to unify the company’s data and analytics platform.
Many businesses use big data technology to bolster efficiency. of companies say that they use data analytics in some capacity. While only 24% call themselves data-driven, the figure is growing significantly. Big data is changing the business models of many organizations. One study from Zappia found that 97.2%
Digitaltransformation has become an essential part of business success. According to TEKsystems’ 2023 State of DigitalTransformation , 41% of organizations’ digitaltransformation (DX) initiatives have failed to achieve their desired outcomes. That’s not digitaltransformation.
As the study’s authors explain, these results underline a clear trend toward more personalized services, data-driven decision-making, and agile processes. Even beyond customer contact, bankers see generative AI as a key transformative technology for their company. Among laggards, only 70% think so.
The Chinese tech giant presented cutting-edge solutions aimed at enhancing connectivity, smart cities, and enterprise digitaltransformation, with a particular emphasis on how these developments will impact the Middle East. AI is reshaping industries globally, and Huawei Cloud is at the forefront of this shift.
Digitaltransformation initiatives have picked up in the retail sector in recent years as store chains compete for brand awareness and sales in a rapidly evolving market. By 2026, retailers’ global investments in digitaltransformation tools are expected to reach $388 billion , growing by 18% a year.
With supply chain issues and the impending recession, digitaltransformation remains a pressing strategic imperative. However, key digitaltransformation milestones remain out of reach for far too many teams. The survey also revealed that digitaltransformation initiatives are tightly aligned with VSM.
After all, a low-risk annoyance in a key application can become a sizable boulder when the app requires modernization to support a digitaltransformation initiative. These areas are considerable issues, but what about data, security, culture, and addressing areas where past shortcuts are fast becoming todays liabilities?
My team and I are very proud of our transformation that started in 2019,” she says. When I joined, there was a lot of silo data everywhere throughout the organization, and everyone was doing their own reporting. In fact, the ROI was so high, we gained the trust of our executives to invest in a platform to begin centralizing data.”
This pilot phase is expected to highlight the performance of AMD’s GPUs in real-world scenarios, showcasing their potential to enhance AI-driven services within sovereign cloud environments. Collaborations between public and private organizations will be vital for the UAE to deliver on its ambitious digital agenda.
Still, CIOs have reason to drive AI capabilities and employee adoption, as only 16% of companies are reinvention ready with fully modernized data foundations and end-to-end platform integration to support automation across most business processes, according to Accenture. Gen AI holds the potential to facilitate that.
In a recent interview with Jyoti Lalchandani, IDCs Group Vice President and Regional Managing Director for the Middle East, Turkey, and Africa (META), we explore the key trends and technologies that will shape the future of the Middle East and the challenges organizations will face in their digitaltransformation journey.
Thanks to the rapid digitaltransformation , the software industry is one of the fastest-growing industries globally. Data analytics helps to determine the success of the business. Digital technology has helped almost every industry. Most of these businesses rely on data to provide the best customer experience.
Guiding our partners to meet their ESG goals Equinix and Dell Technologies tackle the next generation of digitaltransformation by combining our world-class expertise in the data center and enterprise technology markets. We share a combined mission of empowering enterprises to drive growth through technology.
Data analytics is incredibly valuable for helping people. More institutions are recognizing this, so the market for data analytics in education is projected to be worth over $57 billion by 2030. We have previously talked about the many ways that big data is disrupting education. Micro-learning Methodology.
To address this, Gartner has recommended treating AI-driven productivity like a portfolio — balancing operational improvements with high-reward, game-changing initiatives that reshape business models. Gartner’s data revealed that 90% of CIOs cite out-of-control costs as a major barrier to achieving AI success.
USD billion investment in digital infrastructure under the Abu Dhabi Government Digital Strategy 2025-2027. This strategy includes deploying over 200 AI-driven solutions to enhance public service delivery, boost operational efficiency, and promote environmental sustainability. The initiative is backed by a significant 3.54
From nimble start-ups to global powerhouses, businesses are hailing AI as the next frontier of digitaltransformation. The Nutanix State of Enterprise AI Report highlights AI adoption, challenges, and the future of this transformative technology. Nutanix commissioned U.K.
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.
Zulfi Jeevanjee, EVP and CIO, believes the best way to build and align next-generation business processes and modern IT platforms is to build anew, and so he is taking a cloud-first approach to digitaltransformation, dumping out all legacy infrastructure along the way. To fuel its transformation, the Northbrook, Ill.-based
As organizations work to embed AI into their operations, investment in the necessary infrastructure, platforms, and skills will be key to supporting this transformation. Data sovereignty and local cloud infrastructure are expected to remain high on the agenda, particularly within the GCC countries.
We know upskilling and reskilling are critical to digitaltransformation and thriving in the future of work. Yet, despite the investments in IT training, we have a chronic skills shortage that’s causing, on average, digitaltransformations to fall behind by five months. Learning is failing IT. IT workers understand this.
As population growth and shifting consumer expectations reshape the Middle East’s food and beverage sector, Almarai has recognized the necessity of embracing advanced digital technologies. We are confident this collaboration will unlock new opportunities, drive our growth, and redefine customer experience standards in the region.”
We live in a data-rich, insights-rich, and content-rich world. Data collections are the ones and zeroes that encode the actionable insights (patterns, trends, relationships) that we seek to extract from our data through machine learning and data science. Plus, AI can also help find key insights encoded in data.
“Digital is a powerful business lever,” says Alessandra Luksch, director of the DigitalTransformation Academy Observatory at Politecnico di Milano, which has been mapping trends in ICT spending by Italian organizations since 2016. “In AMA employs about 7,600, serves a catchment area of nearly 2.5 million tons of waste annually.
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. As part of that, theyre asking tough questions about their plans.
After all, many C-suite leaders and employees have an outdated impression of what IT departments do today, which may undermine the CIO’s digitaltransformation , change management, and other strategic objectives. One way IT leaders convey this transformed mission is to alter the CIO title.
In the ever-changing landscape of digital threats, artificial intelligence (AI) has emerged as both a formidable ally and a dangerous adversary. Gone are the days when simple firewalls and antivirus software could keep our digital assets safe. Thats the potential of AI-driven automated incident response.
As someone deeply involved in shaping data strategy, governance and analytics for organizations, Im constantly working on everything from defining data vision to building high-performing data teams. My work centers around enabling businesses to leverage data for better decision-making and driving impactful change.
How to make smarter data-driven decisions at scale : [link]. The determination of winners and losers in the data analytics space is a much more dynamic proposition than it ever has been. A lot has changed in those five years, and so has the data landscape. But if they wait another three years, they will never catch up.”
Many digitaltransformations focus on platforms to support the business, but thats different from running a platform business. To be a platform business, you need a network, demand, supply, data, and a customer experience that differentiates. This is crucial in a value-driven development model. All of this is intertwined.
At AWS re:Invent 2024, we announced the next generation of Amazon SageMaker , the center for all your data, analytics, and AI. It enables teams to securely find, prepare, and collaborate on data assets and build analytics and AI applications through a single experience, accelerating the path from data to value.
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