article thumbnail

Six steps to creating a successful IT strategy: A guide for CIOs

CIO

This requires evaluating competitors’ strategies; identifying strengths, weaknesses, and opportunities; and leveraging insights from the competitive market analysis team or similar teams within the organization. With this information, IT can craft an IT strategy that gives the company an edge over its competitors.

Strategy 200
article thumbnail

Unlocking the full potential of enterprise AI

CIO

Research from Gartner, for example, shows that approximately 30% of generative AI (GenAI) will not make it past the proof-of-concept phase by the end of 2025, due to factors including poor data quality, inadequate risk controls, and escalating costs. [1] Reliability and security is paramount. 4] On their own AI and GenAI can deliver value.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

7 ways gen AI can create more work than it saves

CIO

JP Morgan Chase president Daniel Pinto says the bank expects to see up to $2 billion in value from its AI use cases, up from a $1.5 But a substantial 23% of respondents say the AI has underperformed expectations as models can prove to be unreliable and projects fail to scale. billion estimate in May. It gets beyond what we can manage.”

article thumbnail

Open banking startup Finverse wants to build the Asia-Pacific region’s Plaid

TechCrunch

Based in Hong Kong, Finverse ’s ambitious goal is to enable open banking throughout the Asia-Pacific region. million in seed funding, and is now live in four markets (Hong Kong, the Philippines, Singapore and Vietnam) with connections to 30 banks. market because it was reliable and developer-friendly, Lesaffre said.

Banking 244
article thumbnail

TomoCredit raises $7M to help the cash rich and credit poor

TechCrunch

So she teamed up with Dmitry Kashlev, a Russian immigrant, in January of 2019 to create a solution for other foreign-born individuals and young adults facing similar credit challenges. TomoCredit is a credit card that operates with a debit card model that is issued by Community Federal Savings Bank, a member of the FDIC.

article thumbnail

Construction tech startups are poised to shake up a $1.3-trillion-dollar industry

TechCrunch

trillion industry in the United States — a complex ecosystem of lenders, owners, developers, architects, general contractors, subcontractors and more. Poor communication : With so many different parties both in the field and in the office, it is often difficult to relay information from one party to the next. Design and engineering.

article thumbnail

How To Move a Team From Forming to High Performing in < 48 Hours

Let's Grow Leaders

The second week on campus, teams of first year MBA students would have 48 hours to research and make recommendations on a real business challenge for a large, high-profile company and package and communicate their recommendation to a high-profile audience. Every team was given the same challenge, information and resources.