Remove Agile Remove Budget Remove Financial
article thumbnail

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
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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
article thumbnail

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

Network World

The Index showed that 50% of those surveyed have between 10% and 30% of their current IT budget dedicated to AI. Cisco CEO on infrastructure modernization In Cisco’s most recent financial call with Wall Street analysts, CEO Chuck Robbins said the vendor is seeing enterprise customers take on infrastructure modernization.

article thumbnail

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These outdated systems are not only costly to maintain but also hinder the integration of new technologies, agility, and business value delivery.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
article thumbnail

7 signs it’s time to modernize your IT systems

CIO Business Intelligence

The bad news, however, is that IT system modernization requires significant financial and time investments. You usually can’t move the needle on everything while working within typical budgets, so instead focus on moving the needle on the one or two things that really make the most difference,” Rasmussen advises.

System 349
article thumbnail

How CIOs are stepping up as business strategists

CIO Business Intelligence

Five Tips for CIOs to emerge as Financial Strategists Sangeeta Shankaran Sumesh, CFO turned business and leadership coach shares on how CIOs and tech leaders should become financial strategists as they transform into integral business advisors beyond technologists. Any solution or product comes with an expiration date.

Financial 245