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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?
To counter such statistics, CIOs say they and their C-suite colleagues are devising more thoughtful strategies. Here are 10 questions CIOs, researchers, and advisers say are worth asking and answering about your organizations AI strategies. How does our AI strategy support our business objectives, and how do we measure its value?
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. Steps To Driving A Successful DigitalTransformation.
By Bryan Kirschner, Vice President, Strategy at DataStax From the Wall Street Journal to the World Economic Forum , it seems like everyone is talking about the urgency of demonstrating ROI from generative AI (genAI). We know with the benefit of hindsight that under-investing in digitaltransformation meant leaving money on the table.
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.
The past decade in IT has been all about digitaltransformation. Transformations once envisioned to be a two- or three-year journey, to catch up or get ahead, have become a continuous journey with no end in sight. It’s no longer sufficient to pursue after-the-fact transformations.
Organizations that continued full speed ahead with their digitaltransformation initiatives during the COVID-19 pandemic are able to ruminate on what went right and what they would have done differently, with the benefit of hindsight. CIOs and other IT leaders share seven secrets of how to get digitaltransformation right.
Once a vanguard business strategy, digitaltransformation has become a perennial objective for business survival. Digitaltransformation is the integration of digital technologies into all aspects of business operations. Moreover, digitaltransformation means doing all that work on a continuous basis.
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. Others agree.
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.
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.
Ahead of his presentation at CDAO UK, we spoke with Alteryx CDAO Alan Jacobson about driving ROI with data, putting the ‘transformation’ into digitaltransformation and why there’s never been a more exciting time to be a data scientist. It's an extraordinary period of time.
If you think you’re keeping up, think again: One recent study from research firm Gartner found that the majority of CEOs (59%) say digital initiatives take too long and 52% take too long to realize value. The pressure is on to accelerate digitaltransformation, according to CIOs, researchers, and analysts.
Are you thinking about initiating a digitaltransformation campaign in your company? Boston Consulting Group conducted a digitaltransformation study in 2020 to find out why such projects are missing the mark. Lack Of Expert Assistance How hard can digitaltransformation be? “I Let’s get started.
The report brings to light the seeming disconnect between digitaltransformation goals and implementation. However, only 20 percent consider their digitaltransformationstrategies effective. Ineffective digitaltransformation through poor data utilization.
Corporate projects are classically evaluated on standard matrices such as return on investment (ROI), break-even period, and capital invested. But as organizations look to quickly leverage the power of emerging digital technologies for business growth, such an approach is falling short on expectations.
One can automate a very complicated and time-consuming process, even for a one-time bespoke application – the ROI must be worth it, to justify doing this only once. IA refers to the addition of “intelligence” to the RPA – transforming it into “smart RPA” or even “cognitive RPA”. The average ROI from RPA/IA deployments is 250%.
Yet it’s rare for any business leader not to say they wish they had a better ROI from their cloud spend. because they see where they can adjust their strategies. Keep security and reliability top of mind Keeping the lights on is mission number one, which includes cyber resilience and disaster recovery strategies and capabilities.
Many digitaltransformations focus on platforms to support the business, but thats different from running a platform business. We divided the technical challenges into a few areas, none of which focused on an ERP rationalization strategy. What were the technical considerations moving from a distribution model to a platform?
With the increasing sophistication of cyber threats and the accelerated pace of digitaltransformation, organizations must be more proactive in identifying and mitigating risks. Resilience frameworks have measurable ROI, but they require a holistic, platform-based approach to curtail threats and guide the safe use of AI, he adds.
CIOs have been able to ride the AI hype cycle to bolster investment in their gen AI strategies, but the AI honeymoon may soon be over, as Gartner recently placed gen AI at the peak of inflated expectations , with the trough of disillusionment not far behind. Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly.
As CIO, Sarah Betadam, who joined in 2019 as VP of business applications, and then became global CIO in January 2021, is charged with the strategic direction, leadership, and implementation of the company’s digitaltransformation, juggling several initiatives simultaneously. Agile Development, DigitalTransformation, Remote Work
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. That’s my key advice to CIOs and IT leaders.
It’s this drive to help customers grow and succeed that led Wipro to launch a dedicated business unit focused on streamlining VMware implementations and accelerating deployments of applications to quickly deliver clients’ ROI. DigitalTransformation
Digitaltransformation is a term that’s been thrown around since the 90s, but what does it mean? For most businesses, digitaltransformation means aligning all of your systems towards a new, more efficient and effective paradigm, something on which you can build the future of your business.
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. Here veteran IT leaders and advisers offer eight strategies to speed up IT modernization.
Salesforces Agentforce plays a key role in SharkNinjas digitaltransformation, too, with agentic AI being evaluated across user browsing, product selection, recipe discovery, and customer support. These areas were chosen for their clear ROI potential. For some users, the net gains from AI agents could be life-altering.
From curation to integration, we help you align your data strategy with your AI goals. Don’t miss Session 3 of our webinar series, AI ROI: Maximizing Future Investments , where IBM’s Jake Makler and Quantum Metric’s David Friend will share practical strategies for assessing and optimizing AI tools.
The rate at which organizations have adopted data-driven strategies means there are a wealth of digitaltransformation examples for organizations to draw from. ROI doesn’t meet expectations, the customer experience isn’t quite right , and data gets exposed or mishandled. It is a strategy.
So many vendors, applications, and use cases, and so little time, and it permeates everything from business strategy and processes, to products and services. This is why many enterprises are seeing a lot of energy and excitement around use cases, yet are still struggling to realize ROI.
In today’s digitallytransforming world, time is of the essence. As you seek to boost agility and speed your organization’s digitaltransformation, there are some proven principles you can apply. In the process, they can break down the silos that stifle digitaltransformation.
Regardless of where organizations are in their digitaltransformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). As a result, outcome-based metrics should be your guide.
Bloated SaaS and add-ons adoption is an inevitability borne of organizations’ greater focus on technology rather than digital business capabilities, says Dr. Pankaj Setia, professor of information systems and strategy at the Indian Institute of Management — Ahmedabad. Here are the most important strategies to avoid SaaS bloat.
Talk about digitaltransformation.” Tie tech debt to other projects An IT modernization and digitaltransformation angle for replacing old software and hardware can be a compelling argument, says Tim Beerman, CTO at IT services firm Ensono. One way to frame the need to address tech debt is to tie it to IT modernization.
That said, though CIOs have a clear vision of what their organizations will gain from AI, it’s clear that they are worried about their ability to demonstrate ROI. Just over 6 in 10 say that demonstrating ROI from any technology is very or extremely challenging. Today’s CIOs are working in a tornado of innovation.
Perhaps you want to boost your ROI or CAGR, or reduce the time your analysts spend accessing and leveraging data. In this blog we’ll describe digitaltransformation: how it can be achieved as well as how it can benefit your business. What does it mean to undergo a digitaltransformation?
For any IT leader new to an organization, gaining employee trust is paramount — especially when, like PepsiCo’s Athina Kanioura, you’ve been brought in to transform the way work gets done. One HR employee took some courses in data analytics and found a new job within the company helping to advance digitaltransformation. “I
The study identified the top CEO priorities as, among others, leading digitaltransformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI. Corporate and IT strategy are one, and technology is the tool to deliver strategic objectives.
Data analytics make up the relevant key performance indicators ( KPIs ) or metrics necessary for a business to create various sales and marketing strategies. Business-to-business (B2B) and business-to-customers (B2C) companies use it for a wide array of revenue marketing strategies. Conclusion.
However, embedding ESG into an enterprise data strategy doesnt have to start as a C-suite directive. Most data management conferences and forums focus on AI, governance and security, with little emphasis on ESG-related data strategies.
When it comes to fostering digital literacy in the C-suite, Michael Seals literally wrote the book. In tandem with his job as chief digital officer and senior vice president of strategy at Hussman, Seals got a Ph.D. in business administration and wrote his dissertation on digital acuity and intelligence in “incumbent companies.”
While time is of the essence for companies in this transformation process, cybersecurity must not be an afterthought. An explosion of OT assets As digitaltransformation has built momentum, manufacturers have rapidly increased the number of OT assets connected to their internal networks. To learn more, visit us here.
At DISH Network , cloud-adoption strategies vary by when the parts of its business started – from those born in the cloud to legacy sectors deploying cloud on an opportunistic basis. He added: “The strategy around cloud is not ROI on a case-by-case basis. Jackson, CEO of GlobalNet and the host of DigitalTransformers.
We needed to get the data from a centralized place into their hands so that they could get in the game of digitaltransformation.”. So we attacked that through our Digital League and were able to shorten it down to one month from the 14 months.”. DataOps Maximizes Your ROI. Design for measurability.
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