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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. According to the study, the biggest focus in the next three years will be on AI-supported data analysis, followed by the use of gen AI for internal use.

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SAP adoption surges in Europe as enterprises embrace cloud

CIO

IT budgets expand, SAP investments show mixed trends The report indicates that 40% of companies in the DACH region (Germany, Austria, Switzerland) are increasing their overall IT budgets, while SAP-specific investments are rising for 47% of enterprises.

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Generative AI in healthcare: benefits and challenges according to CIOs

CIO

For example, in the UK most of the budget is spent on curative treatments, interventions or medicines but a minimal amount of the budget is spent on prevention, mental health or any other thing that contributes to the well-being,” added. Using that data and running AI on top will prevent early disease in the future.

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IT downtime cuts enterprise profit by 9%, says study

CIO

Downtime cost large enterprises an average of $200 million annually, cutting 9% from yearly profits, according to a study commissioned by Splunk. And while ransomware accounts for a relatively small proportion of that total, enterprises should really be budgeting more for it. million on observability tools, the study found.

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Success Story: Swiss Insurtech Company Hires a Remote CTO from Ukraine

While some businesses choose the strategy of improving their HR brand, extending the number of employees' perks and increasing the hiring budgets, other companies decide not to fight for the resources in the red ocean and open for themselves the alternative of hiring dedicated resources overseas.

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Gen AI in 2025: Playtime is over, time to get practical

CIO

Taking the time to look at that budget for it and plan for it, from my perspective, is more important than just jumping right in and potentially losing millions of dollars, because its just not as effective as youd hoped it to be.

Survey 216
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83% of Business Leaders Establish Teams to Focus on AI, Study Finds

CEO Insider

The Global GenAI Report: How Organizations Are Mastering Their Generative AI Destiny in 2025 surveyed over 2,300 IT and business leaders across 34 countries and 12 […] The post 83% of Business Leaders Establish Teams to Focus on AI, Study Finds appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023.

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