CIO Business Intelligence

OCTOBER 23, 2023

As a result, most IT functions have seen budget increases, support for more staff, and higher involvement in shaping enterprise strategy , according to multiple reports. According to its 2023 research paper Total Enterprise Reinvention , “only 8% of companies are moving to adopt a strategy of Total Enterprise Reinvention.”

Fractional CTO 137

Fractional CTO Agile Cloud Strategy 137

CIO Business Intelligence

AUGUST 2, 2024

Singapore’s data centers have a 1% vacancy rate, and data center availability in the huge northern Virgina data center hub stands at 0.9%, despite an 18% increase in capacity between early 2023 and early 2024, according to the report. The 2023 CBRE report found that 83% of the data center capacity under construction at the time was presold.

Data Center 141

Data Center Resources Data Hardware 141

CIO Business Intelligence

AUGUST 15, 2024

million to roll out, with a recurring annual budget hit of $8,000 to $11,000 per user. Operating profit gains from AI doubled to nearly 5% between 2022 and 2023, with the figure expected to reach 10% by 2025, she adds. Gen AI projects can cost millions of dollars to implement and incur huge ongoing costs, Gartner notes.

Fractional CTO 142

Fractional CTO IBM Virtualization Budget 142

CIO Business Intelligence

SEPTEMBER 4, 2024

“Generative AI does have the ability to replace CIOs who don’t embrace the innovative shifts coming for companies,” says Tim Crawford, a former CIO himself and now a CIO strategic advisor at AVOA, a technology consultancy. You might have the CIO rolled into a different role, or you might be able to merge the CIO and CTO,” he says.

Fractional CTO 132

Fractional CTO CTO Training Strategy 132

CIO Business Intelligence

JANUARY 11, 2024

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. We believe that smart technology still holds the biggest promise to improve our client’s operations,” he says.

Budget 132

Budget Security Fractional CTO Healthcare 132

CIO Business Intelligence

NOVEMBER 27, 2023

For example, it highlighted a 153% rise in global ransomware attacks from September 2022 to September 2023. To top it off, Taylor says many CIOs report having CEOs, C-suite colleagues, and workers throughout their organizations clamoring for the technology and even launching their own pet projects using the tech, further upping the stress.

Fractional CTO 129

Fractional CTO CTO Hire Budget Report 129

CIO Business Intelligence

DECEMBER 29, 2023

“With a focus on automation for customer service and telesales functions, we’re looking at intelligent automation solutions that can help improve customer engagement and self-help capabilities,” says Chris Pendergast, the company’s SVP and CTO.

Fractional CTO 139

Fractional CTO Cloud Strategy Data 139

CIO Business Intelligence

JUNE 26, 2023

Ross Meyercord never set out to make the leap from technology leader to CEO, but a set of intentional and opportunistic career choices delivered the breadth of business experience and leadership skills required to land the job. Neal Sample A transferable skill set Meyercord would certainly make that case. Cultivate an appetite for risk.

Fractional CTO 119

Fractional CTO Software Software Strategy 119

CIO Business Intelligence

APRIL 20, 2023

A question of time Thomas Kiessling, CTO with Siemens Smart Infrastructure, part of the German engineering and technology conglomerate that makes trains, electrical equipment, traffic control systems, and more, understands that time is running out. As with most business challenges, data is instrumental.

Fractional CTO 101

Fractional CTO Energy Insurance Strategy 101

CIO Business Intelligence

SEPTEMBER 17, 2024

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.

Agile 145

Agile Enterprise Enterprise Architecture 145

CIO Business Intelligence

JULY 13, 2023

As Seth Dobbs, CTO at Bounteous, explains, “We do creative work. This is true for every technology company and, increasingly, for nontechnology companies seeking to implement technical solutions. Companies often approach this as contract-to-hire strategy,” explains Rowley. “Or CIOs, and their recruiting teams, are well aware.

CTO Hire 98

CTO Hire Fractional CTO Engineering Strategy 98

CIO Business Intelligence

MAY 20, 2024

And CIOs said the need for security improvements is the top driver of IT budget increases. That’s up from 85% who said as much in 2023. There are a couple of reasons for this increasing level of interest in ESG among tech execs, says Yang Shim, technology consulting leader with professional services firm EY Americas.

Survey 142

Survey Artificial Intelligence Analysis Data 142

CIO Business Intelligence

AUGUST 14, 2024

Microsoft itself claims half of Fortune 500 companies use its Copilot tools and the number of daily users doubled in Q4 2023, although without saying how widely they’re deployed in those organizations. Many IT budgets are fixed, and saving time doesn’t automatically mean more money available to spend.

Microsoft 136

Microsoft Enterprise Enterprise Data 136

CIO Business Intelligence

JANUARY 2, 2024

With AI being the talk of 2023, [there were questions on] how do we, as a company, handle its adoption, governance, and education about it to our employees,” he says. Chris Bowers,CIO of Boston Consulting Group, puts it this way: “In 2024, we’re going to go after generative AI very aggressively. We’re piloting, PoC-ing.

Biotechnology 144

Biotechnology Fractional CTO Agile Security 144

CIO Business Intelligence

MARCH 1, 2023

They also expect to benefit from the expertise of cloud providers—expertise that isn’t easy for companies to develop and maintain in house, unless your company happens to be a technology provider. Similarly, large data aggregators feel the need for control because they don’t want to leave their core business in the hands of a cloud provider.

Cloud 104

Cloud Data Center Applications Architecture 104

CIO Business Intelligence

JANUARY 4, 2024

CIOs had to navigate a labyrinth of challenges in 2023: generative AI rewrote the rulebook of technological possibility, governments started to draft new regulatory frameworks for the tech sector, and global conflicts disrupted business operations. Through it all, CIOs had to adapt swiftly.

Fractional CTO 135

Fractional CTO Artificial Intelligence Security CTO 135

CIO Business Intelligence

AUGUST 29, 2024

James Collin, a professional connection who was at that time Delaware State CIO, asked Lane if he would be interested in stepping into the vacant CTO role. Lane became CIO of Delaware State in July 2023, with the governor asking if he’d take on the chief IT role following Collin’s 2020 departure and the tenure of an interim CIO.

Government 109

Government CTO Hire Agile Fractional CTO 109

CIO Business Intelligence

OCTOBER 24, 2024

Beyond the CIO First, no formal request was made to the CIO — the chief information officer — to execute a project, nor were business requirements defined, or even an elaborate budget needed. Funding for this is minimal at first and likely to grow — outside of the IT budget.

Artificial Intelligence 130

Artificial Intelligence Budget Fractional CTO Enterprise 130

CIO Business Intelligence

OCTOBER 21, 2024

Meanwhile, Foundry found in its 2024 State of the CIO Study that 88% of CIOs said their role has become more digital and innovation focused, up from 85% in 2023. Fundamentally people don’t understand how their business activities — the processes, services, and customer journeys — are tied to the technologies,” Carandang says.

Fractional CTO 135

Fractional CTO Transportation System Groups 135