article thumbnail

Vendor management: The key to productive partnerships

CIO

What is vendor management? Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security.

article thumbnail

6 best practices for better vendor management

CIO

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How to know a business process is ripe for agentic AI

CIO

Weve enabled all of our employees to leverage AI Studio for specific tasks like researching and drafting plans, ensuring that accurate translations of content or assets meet brand guidelines, Srivastava says. Customer service: A target agentic AI use case One area that might be ideal for agentic AI is customer service.

How To 191
article thumbnail

Grand Bank's Success Story: Enhancing Vendor Management with Ivanti's External Attack Surface Management Solution

Ivanti

Forrester highlights that EASM is crucial for thorough due diligence, especially during mergers and acquisitions, where uncovering hidden vendor assets is vital for assessing risk. It offers an automated, comprehensive vendor management approach that continuously monitors vendors' attack surfaces, assesses and mitigates risks.

article thumbnail

12 AI predictions for 2025

CIO

That could happen in an automated way, with the vendors agent talking to the customers agent. Today this happens with meetings and reports, says Malhotra. Soon, showing up to a meeting without an AI assistant will be like an accountant trying to do their work without Excel, he adds.

article thumbnail

Navigating the cloud maze: A 5-phase approach to optimizing cloud strategies

CIO

The ability of cloud infrastructure to adapt, scale and be malleable to meet business needs right where they are and then enable them to expand makes it the default choice. With the advent of growing AI adoption, a strong cloud foundation pillar is a prerequisite.

Cloud 147
article thumbnail

Cost, security, and flexibility: the business case for open source gen AI

CIO

Just pick one that meets your goals. If your company is releasing something open source and your lawyers are attempting to create yet another license please dont do that, he says. There are plenty of good licenses out there.