Remove Cost-Benefit Remove Digital Transformation Remove Optimization Remove Technology
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3 key digital transformation priorities for 2024

CIO Business Intelligence

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Despite all that, CIOs should add generative AI initiatives to the much longer secondary list of transformation programs. Luckily, many are expanding budgets to do so. “94%

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Elevate your digital transformation with impactful sustainability

CIO Business Intelligence

These priorities are concretely influencing IT buying decisions: According to a global survey by Enterprise Strategy Group, 98% of IT decision-makers report that IT suppliers’ environmental, social, and governance (ESG) programs influence their IT purchasing decisions, and 85% have eliminated a potential technology supplier due to ESG concerns. [1]

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How to create a robust digital transformation strategy

IBM Big Data Hub

Organizations are increasingly investing in digital transformation as a way to maintain or grow a competitive advantage. A tried-and-true way to approach digital transformation is to understand the relationship customers have with the product and the brand, where that relationship currently falls short, and how it can be improved.

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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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10 ways to accelerate digital transformation

CIO Business Intelligence

If you think you’re keeping up, think again: One recent study from research firm Gartner found that the majority of CEOs (59%) say digital initiatives take too long and 52% take too long to realize value. The pressure is on to accelerate digital transformation, according to CIOs, researchers, and analysts. Lardi says.

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Giant Eagle CIO Kirk Ball’s recipe for digital transformation success

CIO Business Intelligence

Over the course of his career, the Giant Eagle EVP and CIO has held senior technology roles across a range of industries, including C-level positions at The Christ Hospital Health Network and The Kroger Co. Dan Roberts: People refer to digital transformation in so many different contexts that the term has almost lost all meaning.

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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.”. Cost savings opportunities.