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When addressed properly , application and platform modernization drives immense value and positions organizations ahead of their competition, says Anindeep Kar, a consultant with technology research and advisory firm ISG. Kar advises taking a measured approach to system modernization. Here are seven signs it may be time to modernize.
Current strategies to address the IT skills gap Rather than relying solely on hiring external experts, many IT organizations are investing in their existing workforce and exploring innovative tools to empower their non-technical staff. Mona Liddell is a researchmanager for IDCs CIO Executive Research team.
Tay notes that Accenture research shows that enterprises with digital core investments accelerate their reinvention and innovation, achieving up to 60% higher revenue growth rates and a 40% boost in profits. They achieved these results through a culture that embraces change and a strong digital foundation, he says.
It’s important for CIOs to advise on, acknowledge, understand, and deliver on the business plan to create an effective IT roadmap that aligns to the organization’s business strategy. A key way to facilitate alignment is to become agile enough to stay ahead of the curve, and be adaptive to change, Bragg advises.
An IT consultant is a technology professional who advises and supports business clients in designing, developing, and executing technology projects in service of business goals. The Dice research data shows that IT consultants at the C-suite or vice president level are likely to make closer to $163,500, Farnsworth says.
Equally telling is another statistic from that research: Just 35% of these enterprises have achieved their digital goals or are on track to do so. It’s no secret that having the right capabilities is essential to digital success, but given the dynamic nature of digital business, these capabilities go beyond technical know-how.
“Generative AI does have the ability to replace CIOs who don’t embrace the innovative shifts coming for companies,” says Tim Crawford, a former CIO himself and now a CIO strategic advisor at AVOA, a technology consultancy. What the AI can do is advise the human on what decision to make, but even still, there are some significant limitations.
Management rules typically exist to enable faultless decision-making, set a foundation for consistent operation, and provide protection from risk, observes Ola Chowning, a partner at global technology research and advisory firm ISG. Justifying the decision requires open communication with IT team members and management leaders. “It
“Maintenance tasks, such as applying security and technical patches as well as maintaining the operating system and applying updates, are all performed by Oracle. Carrot and stick “The writing has been on the wall for CIOs for a few years now,” noted Scott Bickley, research practice lead at Info-Tech Research Group.
As I advise in my presentation “ Building a Smarter Organization Powered by Machine Learning ” there are three key focus areas successful organizations master to get value from AI: Mindset, Skillset, Toolset. Until now, a comprehensive list of AI and ML use cases that serve as meaningful references for business leaders simply did not exist.
It’s someone who can make a long-term difference,” says Ed Bouryng, president and founder of Meta, a technology and changemanagement consultancy. She also advises CIOs to not be too narrow in their picks. That was the case with Extreme Networks.
The 2022 State of the CIO research confirmed talent acquisition and retention strategies are a key issue for CIOs, cited by 38% of respondents, with cybersecurity skills, data science/analytics, and artificial intelligence (AI) and machine learning (ML) in top demand. As senior people retire, we’ve taken a hit,” she says.
But as legendary Apple designer Jony Ive once advised Airbnb co-founder and CEO Brian Chesky as the company mulled cuts, “You’re not going to cut your way to innovation.” To guide business leaders in how to reskill their employees and hire new tech talent, they will first need to understand what’s changing and why.
Following are the roles companies are most likely to have added to support their cloud investments, according to Foundry’s research. These pros are experts in the cloud and stay on top of the latest innovations in cloud technology to better advise business leaders.
They are subject matter experts in their field, the brightest minds, and equipped with the immense technical skills and experience to be at the helm of the world’s most powerful and disruptive companies. Executives are the best business leaders in the world.
We really had to do some changemanagement on ourselves as working with SAP S/4HANA is very different than the ECC and R/3 days. This is a pure Agile method, where we are no longer talking about BPP’s, functional specs and technical specs. We talked about this a lot with Gartner as well, and think it resonated.
Professors of business and corporate strategy (which includes me) research and lecture about the goal of long-term “sustained” competitive advantage, driven by grand plans that mesmerize and seduce the most seasoned leaders and leadership teams. About the Author.
Here are 10 questions CIOs, researchers, and advisers say are worth asking and answering about your organizations AI strategies. Otherwise, organizations can chase AI initiatives that might technically work but wont generate value for the enterprise. She advises others to take a similar approach.
Nor do they expect to get their way all the time, as the days of command-and-control leadership over all technical decisions are long gone. Thats driving up spending on AI , but its not bringing in the finances needed to put the data house in order, says Ted Schadler, vice president and principal analyst at Forrester Research.
There should be no debate on that, says Yugal Joshi, a partner at global research and management consulting firm Everest Group. Vague or nonexistent expectations Both research and anecdotal evidence show that many organizations fail to establish and articulate clear, concise expectations for their CIOs and their IT departments.
In fact, research firm Gartner named IT talent strategy as one of five common CIO pain points that will persist through 2025. But to assemble a high-performance team today , CIOs must pay particular attention to their management ranks. Agnoli sees that in IT, too, as many managers struggle to respond to all the demands placed on them.
Exploring the hype Gen AI solutions have rapidly emerged as leading drivers of the adoption of technological innovations , with 96% of executives in our recent Capgemini Research Institute survey citing it as ‘a hot topic of discussion in their respective boardrooms’ (Oost et al 2023: 9).
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