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Some argue gen AIs emergence has rendered digital transformation pass. AI transformation is the term for them. Others suggest everything should be called businesstransformation or just transformation for short. What terminology should you use?
For example, in the Deloitte Global 2024 Gen Z and Millennial Survey , the top three reasons Gen Z’ers chose their organizations were good work-life balance, learning and development opportunities, and positive work culture. These conflicts often impact the younger workforce, who consistently state that work-life balance is a key priority.
But Florida-based Brown & Brown Insurance put old-school conventions to the test when it joined a growing cadre of leading organizations remodeling IT to reflect the pervasive role of technology in businesstransformation. In fact, 36% of CSOs or CISOs now report to the CEO, according to the 2024 State of the CIO research.
Generative AI requires leaders revisit transformation The key difference between digital transformation and now generative AI leaders is that CEOs and CFOs, not CIOs, appear to be involved in guiding AI investments. But in an era of AI, businesses do not have the luxury of surviving by digitizing yesterday’s models or work.
And this year is especially interesting, as 2024’s U.S. Recommended Approach : Strategic cohesion is vital to ensure initiatives are supported by extremely clear goals and KPIs, and ultimately deliver business value and better health outcomes. Cost containment will require compromises. Are you driving toward growth?
Since the SAP migration doesn’t involve IT transformation as much as a businesstransformation, Zeiss is working in tandem with other management, so the project is jointly led by IT and the greater business. After Trapp’s team secured backing from the board, he had to deal with a lot of changemanagement.
Related: 9 Healthcare Trends For 2024 The discussion explored actionable strategies to enhance trust among both patients and members, emphasizing the importance of transparency, effective communication, and improving outcomes. It’s a holistic, iterative process rooted in value creation and supported by changemanagement.
Technology-related change, in fact, is the second most important business priority for CEOs after growth, according to Gartner’s 2024 CEO survey. Increasingly in our technology-driven world and business landscape, it makes sense to have a leader who’s a technologist by trade.”
The findings align with CIO.com’s own 2024 State of the CIO survey results, which highlighted the CIO as a change maker in the business spotlight. Cannava sees the CIO role as enabling changes across the organization , and that requires a deep and broad understanding of the business.
For example, an IDC InfoBrief commissioned by Insight Enterprises found that data privacy/security concerns (50%), lack of essential technology skills (39%), and insufficient resources for changemanagement (31%) were the greatest digital transformation hurdles organizations faced.
Most telling could be a 2024 report from IBM. The 2024 MarginPLUS study from professional services firm Deloitte concluded as much, naming legacy tech as a major reason for companies falling short of their cost-reduction targets and listing it as an obstacle for future achievements. Yet, many IT departments arent earning high grades.
And this year is especially interesting, as 2024’s U.S. Recommended Approach : Strategic cohesion is vital to ensure initiatives are supported by extremely clear goals and KPIs, and ultimately deliver business value and better health outcomes. Cost containment will require compromises. Are you driving toward growth?
Both, after all, are dedicated to driving businesstransformation. Obstacles to change Gen AI may represent a major change in enterprise technology, but its introduction alone does not guarantee success. Lets take a brief look at what these capabilities are.
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