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But the call for digital transformation really gained popularity after 2011 when Capgemini, in partnership with MIT, officially coined the term , defining it as “the use of technology to radically improve performance or the reach of businesses.” With a changed mindset and concrete actions, true businesstransformation is possible.
Strategicplanning, revenue enhancement, budgeting — all of those are incredibly important topics that CIOs need to work on with their CFOs,” he says. It’s too early in the process for him to talk about specifics, though, but these kinds of projects can be truly transformative. And revenue operations is part of that.
can grow and/or improve your business. There are major areas where growth , cost reduction , innovation , and businesstransformation can be achieved. Prepare : Solicit senior sponsors for advocacy, budget, and pilots. Prepare : Identify the likely areas where Web 2.0 and Enterprise 2.0
It’s also a CDO’s job to integrate all relevant digital initiatives with the strategic-planning process for leadership commitment, appropriate allocation of resources, and execution according to the plan. Strategic thinking. Work with other teams to build and manage a digital ecosystem.
Budgeting and forecasting. Setting budgets and forecasting future cloud expenses helps organizations plan their spending and avoid unexpected costs. Regularly reviewing and adjusting budgets based on actual usage ensures better financial control. Businesstransformation. Optimization and rightsizing.
EA’s look at the entire “estate” with an enterprise-wide view and being inclusive in their approach to solutioning business asks while acknowledging the importance of taking sustainability measures and responsible AI practices into account. New key metrics to capture include: Alignment with strategic goals. Compliance and governance.
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