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% The message to CIOs is to do more with less, and the implication is that CIOs must look at digital transformation initiatives differently than in years past.

article thumbnail

Data Strategy: The Missing Link in Your Digital Transformation Plan

Smart Data Collective

On the surface, digital transformation is a simple process. This could be moving your spreadsheets to cloud software or even going so far as to move up from paper to digital. Specifically, we’re talking about how digital transformation efforts routinely fail to take advantage of the data they provide access to.

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

How to calculate TCO for enterprise software

CIO Business Intelligence

When organizations buy a shiny new piece of software, attention is typically focused on the benefits: streamlined business processes, improved productivity, automation, better security, faster time-to-market, digital transformation. A full-blown TCO analysis can be complicated and time consuming.

Software 120
article thumbnail

The Digital Transformation of your Planning Process

Jedox

While many members of your organization might be familiar with planning or budgeting software, the set of activities to create, control and update the budget is known as the budget process. Digital transformation is much more than a buzz word. Digitalization brings technological improvement but not a huge business value.

article thumbnail

The impact of AI on edge computing

CIO Business Intelligence

AI, including Generative AI (GenAI), has emerged as a transformative technology, revolutionizing how machines learn, create, and adapt. IDC forecast shows that enterprise spending (which includes GenAI software, as well as related infrastructure hardware and IT/business services), is expected to more than double in 2024 and reach $151.1

article thumbnail

4 ways to ensure CEO support for your digital strategy

CIO Business Intelligence

In the age of digital transformation, the CIO’s role is increasingly central to business, focused on driving growth and establishing a new digital culture across the organization. But without the full support of the CEO, a CIO’s innovation and digital transformation agenda will only go so far.

Strategy 104
article thumbnail

5 questions CIOs must ask after Southwest Airlines’ failure

CIO Business Intelligence

Are you investing enough in digital transformation? And how much are they investing in their digital transformation? In 2017, Fast Company wrote that Southwest Airlines’ digital transformation “takes off” with an $800 million technology overhaul, but only $300 million was dedicated to new technology for operations.