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Banks bet on AI to deliver digital efficiencies

CIO

In the face of shrinking budgets and rising customer expectations, banks are increasingly relying on AI, according to a recent study by consulting firm Publicis Sapiens. Employee productivity: In 55% of banks, gen AI supports employees, for example in the form of assistants.

Banking 212
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Overcoming the 6 barriers to IT modernization

CIO

Budget constraints Barrier: IT modernization requires substantial investment, and budget constraints are a common hurdle. Solution: To address budget constraints, organizations should adopt a strategic approach to funding IT modernization. Also, reexamine current practices and processes.

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How will AI agents be priced? CIOs need to pay attention

CIO

Salesforce, for example, offers three pricing models: one that includes 1,000 Agentforce conversations free with its Salesforce Foundations CRM service; another included with its standard success plan; and $2 per conversation a la carte. That is until they see a spike and burn through half of their budget in a few weeks.

Budget 193
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CIOs are rethinking how they use public cloud services. Here’s why.

CIO

Cloud spending is going up and budgets are tightening, so theyre asking whats going on and how do we right this ship. For example, organizations that build an AI solution using Open AI need to consider more than the AI service. And for some organizations, annual cloud spend has increased dramatically.

Cloud 209
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6 ways you’re failing at change management

CIO

Youre not leading by example or fostering a culture of trust Leading by example is a great way for any leader to implement change, says Pascal Yammine, CEO of Zilliant, which produces price optimization and management software. Offering in-person advice and support is always a good idea. Start by focusing on a current project.

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How to talk to your board about tech debt

CIO

When your CEO or CFO asks about the budget needed for technical debt remediation , do you find yourself struggling to justify the investment? For example: Direct costs (principal): “We’re spending 30% more on maintaining outdated systems than our competitors.” You’re not alone.

How To 205
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Essential steps to maximize ERP project success

CIO

With the majority of ERP programs running significantly over budget, its time for C-suite leaders to rethink their role. Since the onset of ERP technologies, theyve faced a long and documented history of budget overruns, elongated timelines, and frequent failures. So why do so many projects still lack meaningful executive oversight?

Budget 130