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In the State of Enterprise Architecture 2023 , only 26% of respondents fully agreed that their enterprise architecture practice delivered strategic benefits, including improved agility, innovation opportunities, improved customer experiences, and faster time to market.
Madrid-based Repsol, a repeat finalist at the 2024 CIO 100 Awards in Spain,has been immersed for years in a process of digital transformationwith the aim to become more multi-energy focused, more customer oriented, and better committed to digitalization, innovation, and talent management.
Digital transformation is indeed a cornerstone of business strategy today, as 89% of enterprises see digital business as core to their growth, according to Gartner’s Board of Directors 2023 Survey. Effective changemanagement enables businesses to overcome resistance, streamline processes, and minimize negative impacts during the transition.”
We knew we needed to modernize our legacy systems to support the agility, scalability, and efficiency needed to stay ahead, Maresca says. The core phase of the ERP transformation started in June 2023 and focused on modernizing key areas of the business such as merchandising, supply chain, stores, and e-commerce.
This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Luckily, many are expanding budgets to do so. “94%
As real-time becomes pervasive across the organization, several questions begin to arise: How are cross-functional teams enabled to support the speed of change, agility, and quality of data for real-time AI, as ML models evolve? How well these teams work together will determine the speed they deliver real-time AI solutions.
Furthermore, the firm had predicted that the number of hybrid workers would continue to increase, hitting 55% as we enter 2023. Those principles, along with lessons learned during recent years, have helped Pfeiffer sharpen her tech strategy for supporting hybrid work in 2023. Other reports confirm that hybrid work is here to stay.
If you ask someone, they’ll often recite a list of a dozen potential benefits of cloud — lower costs, better security, greater agility, and so on,” says Smith. Cloud computing doesn’t exist in a vacuum, and neither should your cloud strategy,” Gartner advises in its 2023 Cloud Strategy Cookbook. But that doesn’t answer the question.
If you are not actively doing that, you won’t be a change maker.” Like most of his peers, Barrios increasingly sees changemanagement leadership as a cornerstone of the CIO agenda. CIOs now understand more about what it takes for a technology initiative to be successful and that includes managingchange.”
They must then develop and deliver the supporting digital capabilities in an agile fashion with incremental releases and feature adjustments based on user feedback. “A times the size of the entire industry — an ambitious plan that earned Sysco a 2023 CIO 100 Award for innovation and IT leadership.
According to Foundry’s 2023 State of the CIO Research, technology budget growth is seeing pre-pandemic levels. 91% of CIOs expect their tech budget to either increase or stay the same in 2023. Bringing agility and speed to meet the user objectives is a must.
To tackle that, businesses are turning their budgets toward the cloud, with two out of every three IT decision-makers planning to increase cloud budgets in 2024, and nearly a third (31%) reporting that 31% of their IT budget is earmarked for cloud computing, according to the 2023 Cloud Computing Study from CIO.com parent company Foundry.
More recently, KMPG reported in its 2023 Technology Survey that a majority of U.S. As an example, in January 2024, Accenture reported that there were almost 40,000 mentions of AI on earnings calls by the end of 2023 as “C-Suite leaders gird for a ‘massive technology shift.’”
Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode.
Recipe for Growth, for which Sysco has earned a 2023 CIO 100 Award for innovation and IT leadership, is based on applying B2C principles to Sysco’s B2B business, and calls for the company to grow 1.5 times the size of the entire industry—estimated to be valued at $330 billion in the US alone, Peck says.
This plan covers from 2018 to 2023. We’re already starting the next plan to evolve the revenue management systems to reach the level of sophistication we’re looking for thanks to the application of machine learning. Our CEO, of course, was very clear about this vision. I can’t reveal details of investment, but it’s been substantial.
Since 2023, compensation for CIOs and CTOs has increased by more than 7% and over 20% since 2019, according to Heller. That’s being an agile leader who can handle and manage ambiguity and communicates very effectively and has stakeholder management capabilities,” he says.
In July 2023, regulations on reporting standards (ESRS) came into force in accordance with the CSRD. JK: Observing customer needs, I would identify two main aspects to consider and three technological areas that will affect energy management. Fourth addresses changemanagement in sustainability and energy efficiency initiatives.
In July 2023, regulations on reporting standards (ESRS) came into force in accordance with the CSRD. JK: Observing customer needs, I would identify two main aspects to consider and three technological areas that will affect energy management. Fourth addresses changemanagement in sustainability and energy efficiency initiatives.
Regulations and laws are often volatile as political influences can upend them on a moments notice: The USA Executive Order (EO) on Safe, Secure and Trustworthy Artificial Intelligence (14110) issued on October 30, 2023, was rescinded on January 20, 2025. As new LLMS, models, agents, etc.
With generative AI now a firm digital transformation priority , 2023-24 will mark the beginning of an AI-driven transformation era. By focusing on technology, CIOs can deliver transitionary results, such as improving infrastructure agility by migrating to the cloud or improving user experiences by upgrading legacy systems to SaaS.
In 2023, over one million companies globally use Office 365. Agility and the new are certainly vital to IT’s remit, but so too are legacy systems, which demonstrate fundamental IT values that these days may be underappreciated. Even in an era of constant change, the downsides of change must be taken into consideration.
Tight budgets and labor shortages have remained an ongoing challenge for IT leaders in 2023. To manage this data at scale, IT teams should invest in a modern data stack and build out a world-class architecture to maintain an agile edge as the company grows. Experiment, iterate, assess, and if it works – expand.
Cahill’s background in psychology, app creation and changemanagement has seen her develop experiential learning and simulations for over 20 years. Her work at StepBeyond spans futures, strategy, sustainability, governance and risk management, operational performance improvement, leadership development, and changemanagement.
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