article thumbnail

7 sins of digital transformation

CIO Business Intelligence

Business drivers for the first wave of digital transformation through 2020 targeted growth, data capabilities, cloud migration, and delivering competitive technology capabilities. With generative AI now a firm digital transformation priority , 2023-24 will mark the beginning of an AI-driven transformation era.

article thumbnail

Three Benefits of Driver-Based Budgeting

Jet Global

Identifying Key Business Drivers. The DBB process begins with identifying the variables that have the greatest impact on overall business performance. DBB builds a budget based on key business objectives, baseline assumptions about external drivers, and a results-driven approach to internal business drivers.

article thumbnail

Five Types of Budgets: Which One is Right for You

Jet Global

DBB builds a budget based on key business objectives, baseline assumptions about external drivers, and a results-driven approach to internal business drivers. In this example, weather conditions constitute a key business driver that affects virtually everything else the company does.