Remove 2022 Remove Business Objectives Remove Digital Transformation Remove Risk
article thumbnail

3 force multipliers for digital transformation

CIO Business Intelligence

While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% Tech companies have laid off over 250 thousand employees since 2022, and 93% of CEOs report preparing for a US recession over the next 12 to 18 months.

article thumbnail

What is digital transformation? A necessary disruption

CIO Business Intelligence

Once a vanguard business strategy, digital transformation has become a perennial objective for business survival. Digital transformation is the integration of digital technologies into all aspects of business operations.

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

What is a project management office (PMO)? The key to standardizing project success

CIO Business Intelligence

Nearly three-quarters of midsize and large companies report having a PMO, according to the 2022 State of the Project Management Office report from PM Solutions, a project management services firm. PMOs will often be headed up by a director who is responsible for ensuring project alignment with business objectives.

article thumbnail

How CIOs Are Addressing The “Unsustainable” Security Challenge

CIO Business Intelligence

Rather than simply investing in technology, and hoping for the best, however, IT leaders need to be strategic and undertake risk management that best suits their business profile. Fortinet research shows that 64 per cent of A/NZ organisations agree that the skills shortage creates additional risks for their businesses.

article thumbnail

3 Patterns for Business Success with Data

CIO Business Intelligence

Lower total cost of ownership, scalable unit economics, multi-region reliability, digital transformation, faster delivery of applications, and machine learning models—these are all business benefits of cloud-native adoption. . The ability to assess data in real-time is set to be one of the biggest data analysis trends for 2022.

article thumbnail

Generative AI won’t automate your way to business model innovation

CIO Business Intelligence

In 2022, companies were still reeling from the rapid digital transformation efforts to survive the pandemic. Align with business goals: Clearly articulate how IT initiatives can directly support the broader business objectives of the company and help gain competitive advantages.

Modeling 102
article thumbnail

Rebalancing through Recalibration: CIOs Operationalizing Pandemic-era Innovation

CIO Business Intelligence

The technology initiatives that are expected to drive the most IT investment in 2023 security/risk management, data/business analytics, cloud-migration, application/legacy systems modernization, machine learning/AI, and customer experience technologies. The roles and responsibilities will depend on business objectives, added Kamal. “It