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Companies look to sell off assets to pay for AI investments

CIO Business Intelligence

CIOs worried about where the money for new AI initiatives will come from may have some help on the way, with some companies apparently selling off non-core assets to pay for new AI projects. AI is both a huge potential gamechanger for many companies and a huge expense to get right, he says.

Company 325
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Banks bet on AI to deliver digital efficiencies

CIO Business Intelligence

In the face of shrinking budgets and rising customer expectations, banks are increasingly relying on AI, according to a recent study by consulting firm Publicis Sapiens. As the study’s authors explain, these results underline a clear trend toward more personalized services, data-driven decision-making, and agile processes.

Banking 353
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How to talk to your board about tech debt

CIO Business Intelligence

When your CEO or CFO asks about the budget needed for technical debt remediation , do you find yourself struggling to justify the investment? While CIOs understand the crushing weight of technical debt — now costing US companies $2.41 While CIOs understand the crushing weight of technical debt — now costing US companies $2.41

How To 342
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Cisco: Pressure to deploy AI is up, but only 13% feel ready

Network World

Cisco’s second annual AI Readiness Index notes a “huge chasm” between the urgency companies feel to deploy AI and their ability to actually do it. Some 8,000 global companies were surveyed for the AI Readiness Index, which aims to measure how prepared organizations are to invest in, deploy and use AI.

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Product-based IT: 6 key steps for making the switch

CIO Business Intelligence

Past shifts to agile methodologies helped as teams now had a product owne r to prioritize backlogs and adopted agile principles that empowered them to commit to a realistic amount of work. But many enterprises stopped their agile transformations at this layer.

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Rethinking enterprise architects’ roles for agile transformation

CIO Business Intelligence

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 363
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Overcoming the 6 barriers to IT modernization

CIO Business Intelligence

These outdated systems are not only costly to maintain but also hinder the integration of new technologies, agility, and business value delivery. Budget constraints Barrier: IT modernization requires substantial investment, and budget constraints are a common hurdle.

Budget 306