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The demand for ESG initiatives has become an integral part of a company’s strategy for long-term success, offering a promising future for those who embrace them. Technologies such as artificial intelligence (AI), generative AI (genAI) and blockchain are revolutionizing operations.
To thrive in todays business environment, companies must align their technological and cultural foundations with their ultimate goals. The answer informs how you integrate innovation into your operations and balance competing priorities to drive long-term success. A great example of this is the semiconductor industry.
CEOs, CIOs and CFOs are finding that deep tech is actively driving business innovation and profitability. From AI models that boost sales to robots that slash production costs, advanced technologies are transforming both top-line growth and bottom-line efficiency. Pharma and agriculture companies now leverage AI and gene-editing (e.g.,
To some consumers and businesses, alike it may appear companies are exaggerating the significance of this emerging technology. AI this, AI that The reality is that AI is here to stay and will play a massive role in the future of global technology, how consumers interact with it and the way businesses operate.
The bigplayers,such as OTAs [Online Travel Agencies], are advancing in their adoption of new technologies, taking advantage of AI andbig datatools,while other actors are in earlier stages of integration, he says. In addition, Abril highlights specific benefits gained from applying new technologies.
As businesses strive to stay ahead in an increasingly digital world, the role of technology executives has become critical. These leaders are essential for driving innovation and maintaining a competitive edge. These leaders must translate emerging technologies into strategic initiatives that drive business outcomes.
CIOs worried about where the money for new AI initiatives will come from may have some help on the way, with some companies apparently selling off non-core assets to pay for new AI projects. AI is both a huge potential gamechanger for many companies and a huge expense to get right, he says.
Organizations look at digital transformation as an opportunity to radically improve operations and increase the value of a product or service to the customer by embedding technology into the decision-making fabric and building automation into its functions.
Reliable insights aren’t getting easier as technology evolves. Fast innovation (SaaS, IoT, etc.) across varied companies and industries demands rapid adaptation. Tech companies must focus on how to take products to market, through effective pricing, delivery, and monetization.
Always on the cusp of technologyinnovation, the financial services industry (FSI) is once again poised for wholesale transformation, this time with Generative AI. More than half (51%) say they are confident that AI will be critical to their companies future success.
The topics of technical debt recognition and technology modernization have become more important as the pace of technology change – first driven by social, mobile, analytics, and cloud (SMAC) and now driven by artificial intelligence (AI) – increases. This phase brings with it rapid changes in technologies, processes, and roles.
The opening of this new office in Dubai not only marks a key development for the company but also reflects its dedication to helping local businesses with their digital transformation journeys. You are a company that is going to take Dubai to the next level, and then Dubai is going to take it to the next level.
Innovate Shane McDaniel, CIO for the City of Seguin, Texas, says his city has grown by about 35% since the 2020 census. Hes leveraging his vendor relationships to keep pace with emerging as well as tried-and-true technologies and practices. Were embracing innovation, he explains. Were embracing innovation, he explains.
Think your customers will pay more for data visualizations in your application? Five years ago they may have. But today, dashboards and visualizations have become table stakes. Discover which features will differentiate your application and maximize the ROI of your embedded analytics. Brought to you by Logi Analytics.
When I started at Novanta about five years ago, my first mission was to bring scalability to our Enterprise solutions, as well as developing a digital roadmap to modernize the technology footprint, reduce technical debt, and explore strategies to ensure that we’re growing at scale. We need more women in technology.
Oracle has played a pivotal role in the technological transformation of the Middle East over the past three decades, and the companys presence in the UAE and Saudi Arabia continues to grow stronger. With 80% of companies worldwide increasing their AI investments, Oracles role as an enabler of this transformation is clear.
AI, once viewed as a novel innovation, is now mainstream, impacting just about facet of the enterprise. Over the next 12 months, IT leaders can look forward to even more innovations, as well as some serious challenges. Reinvention-ready companies are positioned to succeed in the long term, Tay observes.
At the same time, the CEOs surveyed see a focus on short-term performance as the top barrier to innovation. But shortsighted IT strategies, often pushed by CEOs seeking short-term gains, can saddle CIOs with increasing tech debt that can further undercut long-term outcomes and innovation. That’s not where you want to be.”
The CIO role continues to evolve, changing as dramatically as the technology it manages and maintains. Historically thats not how technology training has been approached, he adds. And when CIOs can show how to use technology to reduce costs or enhance deliveries, thats great. Thats why DiLorenzo advises CIOs to lead the way.
Focused on digitization and innovation and closely aligned with lines of business, some 40% of IT leaders surveyed in CIO.com’s State of the CIO Study 2024 characterize themselves as transformational, while a quarter (23%) consider themselves functional: still optimizing, modernizing, and securing existing technology infrastructure.
Salima Bhimani has been encouraging the responsible and ethical use of AI for several years as Alphabet’s first chief strategist and director for inclusive and responsible technology, business, and leaders from 2017 to 2023. Now, we have to think about innovation as a way of really reshaping the world so that it works for everybody.
Some AI experts have downplayed the technologys potential to replace employees and reduce payrolls, but many IT leaders have a different vision, with more than half saying they expect AI will enable their organizations to cut jobs. Quantifying job replacement isnt the real story job evolution is, Weiss says.
At the Mobile World Congress (MWC) 2025, Huawei has positioned itself at the forefront of technologicalinnovation, showcasing its latest advancements in 5G, artificial intelligence, and cloud computing. The company unveiled its next-generation 5G infrastructure, promising faster speeds, lower latency, and greater efficiency.
A recent report from the Ministry of Communications and Information Technology, King Abdullah University of Science and Technology, and consultancy firm Hello Tomorrow highlights the rapid growth of deep tech startups in Saudi Arabia, with 50% of these startups focusing on AI and IoT.
Digital transformation technologies alone dont make digital transformation. AI and cloud are driving double-digit CAGR, but digital transformation isnt limited to technology investments. The products for digitalization are the same that many other companies adopt, including BI. The change was even more complex, Sicca says.
Regulation will play a key role in the successful implementation of AI and will be just as much of a priority as innovation is for leaders,” said Karl Crowther, VP of MEA at Alteryx.
Under pressure to deploy AI within their organizations, most CIOs fear they don’t have the knowledge they need about the fast-changing technology. Until employees are trained, companies should consult with external AI experts as they launch projects, he says. The technology is too novel and evolving,” he says. “As Blank says.
Turnover has always been a concern for employers, but in a recent PwC report, an increasing number of employees worldwide are looking to move within the next year in light of many things, but mostly because of opportunities afforded by the rapid pace of technological change. You have to be innovative,” adds Balbo.
Many CEOs want to keep up with the market, including making the most of major IT advancements , while many CIOs may be focused on “keeping the lights on” by ensuring the organization’s existing technology is available and secure, says Edward Kipp, CIO at SDI Presence, an IT consulting and managed services provider.
Dun and Bradstreet has been using AI and ML for years, and that includes gen AI, says Michael Manos, the companys CTO. Weve been innovating with AI, ML, and LLMs for years, he says. But not every company can say the same. How do you build privacy, safety, security, and interoperability into the AI world?
The worldwide push to digital has quickly promoted the IT department from its back-room origins to the upper reaches within any company or organization. It doesn’t come as any surprise then that technology-related change is the second most important business priority for CEOs after growth, according to Gartner’s 2024 CEO survey.
In an era where technology reshapes entire industries, I’ve had the privilege of leading Mastercard on an extraordinary journey. When I think about the technology we started working with early in my career and look at what we’ve been able to do since, it truly is amazing, a global transformation led by and driven through technology.
Changing demographics, fast-evolving technologies, and the globalization of job opportunities make recruiting and holding onto skilled professionals much more difficult. As technology continues to change more rapidly than ever, CIOs who want to build and maintain a team with the right skills will need to do these four things.
Technology has shifted from a back-office function to a core enabler of business growth, innovation, and competitive advantage. Senior business leaders and CIOs must navigate a complex web of competing priorities, such as managing stakeholder expectations, accelerating technologicalinnovation, and maintaining operational efficiency.
While CIOs understand the crushing weight of technical debt — now costing US companies $2.41 The more strategic concern isn’t just the cost— it’s that technical debt is affecting companies’ abilities to create new business, and saps the means to respond to shifting market conditions.
To drive change, a reworking of what defines CIO/IT success is needed, with a focus on strategic business goals, innovation, and market differentiation. This data shows that a majority of companies — 62% — are still focused on short-term or functional goals rather than long-term strategic transformation.
Saudi Arabia has announced a 100 billion USD initiative aimed at establishing itself as a major player in artificial intelligence, data analytics, and advanced technology. These include data center expansion, tech startups, workforce development, and partnerships with leading technology firms.
By Rob Biederman As we turn the page into 2025, my colleagues and I at Asymmetric Capital Partners are optimistic for what the next year holds for growth and innovation. On the positive side, we expect to see truly valuable AI companies outperform and prosper as flash-in-the-pan and hype companies falter.
As the GCC countries continue to evolve into global digital hubs, the adoption of technologies such as 5G, AI, and IoT is accelerating rapidly. These advancements offer immense economic growth and innovation potential, but they also introduce new cybersecurity challenges. The introduction of 5G has been a game-changer for the region.
Vibram certainly isn’t an isolated case of a company growing its business through tools made available by the CIO. Emmelibri Group, a subsidy of Italian publishing holding company Messaggerie Italiane, is moving applications to the cloud as part of a complete digital transformation with a centralized IT department.
For its Generative AI Readiness Report, IT services company Avanade surveyed over 3,000 business and IT executives in 10 countries from companies with at least $500 million in annual revenue. Courage and the ability to manage risk In the past, implementing bold technological ideas required substantial financial investment.
Or we can make the right things more efficient while also charting a new path and harness this technology to truly transform into AI-first businesses. Added up, perhaps these are among the reasons that 51% of companies have not seen an increase in performance or profitability from digital investments, according to KPMG research.
We have companies trying to build out the data centers that will run gen AI and trying to train AI,” he says. The tech companies are still having to run flat out.” Generative AI is likely to confuse the capital investor as much as any technology ever has,” he adds. The company will still prioritize IT innovation, however.
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