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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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Is SaaS dead? Not quite, but it’s evolving rapidly

CIO Business Intelligence

While technology trends come and go, the SaaS industry has been a core buyer priority and industry growth engine for 25+ years. However, its crucial to remember that the SaaS market is a $300B+ industry , projected to reach nearly a trillion dollars with low double-digit growth for years to come.

Industry 290
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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These outdated systems are not only costly to maintain but also hinder the integration of new technologies, agility, and business value delivery.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
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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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12 tips for achieving IT agility in the digital era

CIO Business Intelligence

Pre-COVID, agility became an aspiration and rallying cry for organizations seeking to embrace emerging technologies and pursue technology-enabled innovation, often to stave off digital disruption in their industries. This goes beyond implementing agile methodology. Balance control with agility. Think a step ahead.

Agile 364
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Companies look to sell off assets to pay for AI investments

CIO Business Intelligence

Until now, many companies have cut costs in other areas, laid off staff, or raided the budgets of other departments to pay for AI projects. If you look at 23 and 2024 you had a lot of budget increases, you had a bunch of layoffs over the last couple of years, and not something thats sustainable.

Company 325
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IT leaders adjust budget priorities as economic outlook shifts

CIO Business Intelligence

Budget planning during uncertain economic times is never CIOs’ favorite activity. For the most part, budgets are holding steady or growing in the single digits, with continued investments in security, analytics, and the cloud, among other areas. But the next eighteen months aren’t shaping up to be as challenging as some may fear.

Budget 331