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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.

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Allstate’s cloud-first approach to digital transformation pays off

CIO Business Intelligence

Zulfi Jeevanjee, EVP and CIO, believes the best way to build and align next-generation business processes and modern IT platforms is to build anew, and so he is taking a cloud-first approach to digital transformation, dumping out all legacy infrastructure along the way. To fuel its transformation, the Northbrook, Ill.

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MRO spare parts optimization

IBM Big Data Hub

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0

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How generative AI impacts your digital transformation priorities

CIO Business Intelligence

Digital transformation must be a core organizational competency. During keynotes and discussions with CIOs, I remind everyone how strategic priorities evolve significantly every two years or less, from growth in 2018, to pandemic and remote work in 2020, to hybrid work and financial constraints in 2022.

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Does Cost Reduction Play a Role in Digital Transformation?

Cloudera

Digital transformation. Everyone has their own ideas about what digital transformation means, so I decided to look up a few definitions. . CIO blog post : “Digital transformation is a foundational change in how an organization delivers value to its customers.”. appeared first on Cloudera Blog.

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Rapid Digital Transformation Requires Rethinking of Security Frameworks

CIO Business Intelligence

For IT teams, the list of concerns has been magnified by a more dispersed workforce and the need to assess the risks associated with a proliferation of connected devices, the vanishing perimeter and the ever-changing threat landscape. Cybersecurity is top of mind for everyone. Hybrid model brings new challenges and security vulnerabilities.

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State of the CIO, 2022: Focus turns to IT fundamentals

CIO Business Intelligence

Now, fresh off a pandemic-fueled cycle of accelerated innovation, Holcombe is channeling his vaunted sales skills to drive an upcoming IT agenda centered on foundational areas like optimization, security, and enterprise resiliency. Source: State of the CIO, 2022. Source: State of the CIO, 2022. Source: State of the CIO, 2022.

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