Remove Off-The-Shelf Remove Research Remove Strategic Planning
article thumbnail

CIOs’ lack of success metrics dooms many AI projects

CIO

Many organizations have launched dozens of AI proof-of-concept projects only to see a huge percentage fail, in part because CIOs don’t know whether the POCs are meeting key metrics, according to research firm IDC. The potential cost can be huge, with some POCs costing millions of dollars, Saroff says.

Metrics 187
article thumbnail

6 tips for making the most of a tight IT budget

CIO

on average for 2023, research firm Gartner points to a projected 6.5% For example, CIOs can buy an off-the-shelf system that costs X in license fees today and 20% of X every year as long as they are using it or they could choose to build the system in a manner where instead of X they incur 1.5X

Budget 207
Insiders

Sign Up for our Newsletter

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

article thumbnail

Tech: From Owning to Renting - to Owning Again?

The Agile Manager

The research of the time supported this. The Profit Impact of Market Strategy database produced by the Strategic Planning institute concluded that diverse & vertically integrated businesses were significantly more profitable than narrow and focused businesses (PIMS 1977, slide 67).

article thumbnail

The Big Picture of Business- Professional Education Necessary for Company Success

Strategy Driven

Training is unfairly blamed and scapegoated for pieces of the organizational mosaic that Strategic Planning and cohesive corporate Vision should have addressed early-on. Training is rarely allowed to be extensive. It is usually technical or sales/marketing in nature. I conduct Executive Think Tanks for corporate management. Knowledge.

article thumbnail

Supply Chain Control Tower: Enhancing Visibility and Resilience

Altexsoft

The annual IHS Markit Supply Chain Survey Report found that 63 percent of companies don’t have sufficient technology to approach their top priority optimization strategy, i.e., spend analytics (the situation within other strategic areas is similar). “Control towers are the artificial intelligence (AI) of supply chain.

article thumbnail

Inventory Management Software: How Technology Addresses Inventory-Related Issues

Altexsoft

On the other hand, if your company is a part of the supply chain, whether you deal with manufacturing, manage a warehouse, or run a retail store, you’re probably familiar with such problems as time-consuming inventory counts, running out of stock because of late reordering, or shortages due to inaccurate demand planning.

article thumbnail

The Big Picture of Business – Business Moving Forward From the Dirty Side of the Recession

Strategy Driven

Their work is off-the-shelf, conforms to an established mode of operation, contains original thought and draws precedents from experience. (17%). The economy and business climate are now on the dirty side of the recession. Recognizing the damages done results in healthier run companies for the future.