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The past decade in IT has been all about digitaltransformation. This is perfectly fine in theory because digitaltransformation should be a continuous journey and not a one-time effort. We’re also now dealing with disruption in all its forms, not just that of digital upstarts arising to eat our market share.
Digitaltransformation initiatives, for the most part, offer significant advantages—enhancing efficiency, agility, and innovation across the business. As IT landscapes and software delivery processes evolve, the risk of inadvertently creating new vulnerabilities increases.
The analyst reports tell CIOs that generative AI should occupy the top slot on their digitaltransformation priorities in the coming year. I wrote in Driving Digital , “Digitaltransformation is not just about technology and its implementation. Luckily, many are expanding budgets to do so. “94%
Digitaltransformation examples can be found almost anywhere, in almost any industry. Amazon began as a disruptor to brick-and-mortar bookstores, eventually becoming one of the most obvious digitaltransformation examples as it went on to revolutionize online shopping. DigitalTransformation in Retail.
Digitaltransformation programs promise a wealth of advantages, but unforeseen challenges can cancel out measurable value. Careful planning and holistically evaluating your system integration (SI) partner proposals are critical steps in your transformation initiative. What primary risks lead to value erosion?
Last week, I had the distinct privilege to join my Gartner colleagues from our RiskManagement Leadership Council in presenting the Q4 2018 Emerging Risk Report. We hosted more than 500 risk leaders across the globe in our exploration of the most critical risks.
Over the past year, the focus on riskmanagement has evolved significantly, says Meerah Rajavel, CIO of Palo Alto Networks. With the increasing sophistication of cyber threats and the accelerated pace of digitaltransformation, organizations must be more proactive in identifying and mitigating risks.
Digitaltransformation and climate change initiatives have similarities despite having different foci. Digitaltransformation focuses on integrating digital technologies into all business areas, fundamentally changing how the organisation operates and delivers value to customers. Houston, we have a problem.
Resistance to digitaltransformation comes in many forms. You’ll need to persuade employees and middle management to leave their comfort zones and change how they operate. And sometimes it takes a wizard — or a CIO with a satchel of magic tricks — to overcome them. Her magic trick: Hand out Kinder Surprises. And they love it.
PODCAST: COVID 19 | Redefining Digital Enterprises. Episode 7: The Impact of COVID-19 on Financial Services & Risk. Management. The Impact of COVID-19 on Financial Services & RiskManagement. Despite these pressing concerns, COVID-19 has accelerated digitaltransformation.
Karen Higgins-Carter, previously CIO of Webster Bank, joined Gilbane just over a year ago as CDIO with the responsibility of digitallytransforming this 153-year-old business. We’re in an industry that is ripe for transformation,” says Higgins-Carter, pictured above, center. People build buildings.”
If there’s a company that can boast being 100% digital native, it’s PayPal, the platform that allows companies and consumers to send and receive digital payments in a secure, comfortable and profitable way. We’ve been working on this for over a decade, including transformer-based deep learning,” says Shivananda.
As a digitaltransformation leader and former CIO, I carry a healthy dose of paranoia. Call it survival instincts: Risks that can disrupt an organization from staying true to its mission and accomplishing its goals must constantly be surfaced, assessed, and either mitigated or managed.
What’s the answer to coping with the dynamic nature of risks? 1] Gartner, 4 Major Sourcing Trends for a ‘New Normal’ World: Change, Outcomes, Risk and Agility | Published 23 November 2020 – ID G00733227| By Claudio Da Rold, Fabio Di Capua, Katie Gove, Andy Rowsell-Jones. [2] Cloud Management And the problem can’t be ignored.
To drive gen-AI top-line revenue impacts, CIOs should review their data governance priorities and consider proactive data governance and dataops practices that go beyond riskmanagement objectives. In IT service management, AI-driven knowledge graphs provide issue diagnosis and proactive resolution, decreasing downtime.
My experience aligns with this trend. Our IT evolution Having worked primarily in traditionally structured industries like oil and gas, government, education and finance, I’ve witnessed firsthand how technology was once considered a commodity, a cost center. However, two crucial misconceptions persist. IT’s image problem?
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. The cybersecurity world has changed dramatically.
The study identified the top CEO priorities as, among others, leading digitaltransformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI. Overall, IT projects are meant to create a leaner, more profitable company, says Bilker, CIO of manufacturer Lift Solutions Holding.
Nearly half (49%) of IT leaders responding to the 2024 State of the CIO Study from Foundry, publisher of CIO.com, say they expect to play more of a strategic role in the upcoming years, with another 36% anticipating a heavy emphasis on transformational responsibilities. Other surveys offer similar findings. Foundry / CIO.com 3.
IT managers are often responsible for not just overseeing an organization’s IT infrastructure but its IT teams as well. To succeed, you need to understand the fundamentals of security, data storage, hardware, software, networking, and IT management frameworks — and how they all work together to deliver business value.
A new Foundry survey shows IT leaders are all-in on the idea that artificial intelligence (AI) can help them address a longstanding struggle with enterprise networks: making day-to-day management of networks easier. AI can deliver transformational change in today’s networks with a variety of benefits, respondents say.
To overcome these barriers, CDOs must proactively demonstrate the strategic benefits of sustainability-driven data initiatives, seek cross-functional collaboration and advocate for long-term investments in ESG data management. Highlight how ESG metrics can enhance riskmanagement, regulatory compliance and brand reputation.
Businesses are looking for tech pros with highly specialized skills, as they embrace digitaltransformation and increasingly rely on technology for core business. Project manager The role of project manager is important for planning, executing, and completing IT projects on time and on budget.
Episode 2: AI enabled RiskManagement for FS powered by BRIDGEi2i Watchtower. AI enabled RiskManagement for FS powered by BRIDGEi2i Watchtower. Today the Chief Risk Officers(CROs) struggle with the critical task of monitoring and assessing key risks in real time and firefight to mitigate any critical issues that arise.
Organizations big and small, across every industry, need to manage IT risk. based IT directors and vice presidents in companies with more than 1,000 employees to determine what keeps them up at night—and it comes as no surprise that one of their biggest nightmares is managing IT risk. trillion annually by 2025.
It helps reduce risk, increase efficiency, optimize resources, and improve both the customer and employee experience. When asked what keeps them up at night, IT leaders noted the need to improve overall IT performance (60%), followed by data security (50%), process risk and compliance (46%), and the need to improve agility (41%).
Integrated riskmanagement (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Provide a full view of business operations by delivering forward-looking measures of related risk to help customers successfully navigate the COVID-19 recovery.
Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT. Following are seven steps to guide this transformation for competitive advantage.
Eight-five percent of IT leaders surveyed this year devoted time to transformational responsibilities, including modernizing infrastructure and applications (40%), aligning IT initiatives with business goals (38%), and cultivating the IT/business partnership (30%). Jamie Holcombe U.S. For example, the C-suite’s No.
He credits his decision to earn an MBA with transforming his career. While not every IT leader is likely to match King’s rapid success, there’s little doubt that earning an MBA can help many CIOs, CTOs, CDOs, and other IT executives and high-level managers successfully straddle the technology and business worlds.
As Sanjib Sahoo, chief digital officer of Ingram Micro, sees it , “Once a company has transformed from traditional IT to a platform-driven business, the technology leadership role must shift to value creation,” he says. These “digital” executives typically manage the IT organization, but their title signifies something more.
Moreover, undertaking digitaltransformation and technology modernization programs without an architect can lead to delays, technical debt , higher costs, and security vulnerabilities. CIOs often have a love-hate relationship with enterprise architecture.
As chief digital officer of Kotak Mahindra Bank, Deepak Sharma has been instrumental in driving the bank’s digitaltransformation, future-ready initiatives, and business model innovation strategies. I’m fortunate to be a part of the growth story of Kotak Mahindra Bank, which has a strong digital-first focus.
These terms are fundamentally tied predominantly to matters involving digitaltransformation as well as growth in companies. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in riskmanagement operations. In this modern age, each business entity is driven by data.
Governance should be designed with adaptability in mind to ensure IT remains in alignment with business objectives, continually providing value while effectively safeguarding the organization against potential risks, Bales says. Poor risk planning. Not keeping pace with evolving business priorities.
Companies can’t ignore digitaltransformation as technology continues to dominate nearly every aspect of business and daily-life. The demand for specialized skills has boosted salaries in cybersecurity, data, engineering, development, and program management. increase from 2021. increase from 2021.
3, with 55% of responding IT leaders listing this area) and riskmanagement (at No. It has been years since we came up with the term digitalization , and we saw a tremendous rate of investment in the building of new tech solutions and new tech platforms. 9, with 47% involved in such). This is all about delivering business value.
In the blink of an eye, COVID-19 has disrupted all industries and quickly accelerated their plans for digitaltransformation. There’s a clear connection between business process modeling and digitaltransformation initiatives. Business process modeling is also critical for riskmanagement and regulatory compliance.
Achieving business transformation and agility requires commitment from leadership at the very top of an organization, including C-suite, business and technology leaders. Each must be committed to the agile/digitaltransformation and must communicate that support clearly throughout the transformation journey. .
Meyercord parlayed an engineering degree into a two-decade consulting track at Accenture, where a focus on large-scale transformation projects opened the door to the global CIO role at Salesforce during its critical revenue growth period. Neal Sample A transferable skill set Meyercord would certainly make that case.
CIOs are under increasing pressure to deliver more digital innovations faster and more efficiently. But speaking to many IT leaders, there are often gaps between how IT runs Scrum, Kanban, or other agile practices and what CIOs need in order to achieve digitaltransformation objectives.
Managing costs while supporting digitaltransformation The Covid pandemic accelerated many digitaltransformation initiatives as executives struggled to meet the suddenly changing needs of both customers and employees. And how do you tell? The malware itself is easy to buy on the Dark Web.
At erwin, we’re definitely witnessing this EA evolution as more and more as organizations undertake digitaltransformation initiatives, including rearchitecting their business models and value streams, as well as responding to increasing regulatory pressures. Data security/riskmanagement. Digitaltransformation.
As we look to 2021 and the anticipated global economic recovery , we see continued interest in topics related to emerging business risks, digitaltransformation and cybersecurity. As a result, integrated riskmanagement (IRM) topped our list in 2020.
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