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6 best practices for better vendor management

CIO Business Intelligence

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.

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How to know a business process is ripe for agentic AI

CIO Business Intelligence

The firm says some agentic AI applications, in some industries and for some use cases, could see actual adoption into existing workflows this year. The IT department uses Asana AI Studio for vendor management, to support help-desk requests, and to ensure its meeting software and compliance management requirements.

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12 AI predictions for 2025

CIO Business Intelligence

Take for example the use of AI in deciding whether to approve a loan, a medical procedure, pay an insurance claim or make employment recommendations. Multi-model routing Not to be confused with multi-modal AI, multi-modal routing is when companies use more than one LLM to power their gen AI applications.

CTO Hire 354
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Navigating the cloud maze: A 5-phase approach to optimizing cloud strategies

CIO Business Intelligence

It prevents vendor lock-in, gives a lever for strong negotiation, enables business flexibility in strategy execution owing to complicated architecture or regional limitations in terms of security and legal compliance if and when they rise and promotes portability from an application architecture perspective.

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5 top business use cases for AI agents

CIO Business Intelligence

In October, Microsoft announced that 100,000 organizations including Standard Bank, Thomson Reuters, Virgin Money, and Zurich Insurance are using Copilot Studio, double the number just months earlier. The technology is relatively new, but all the major players are already on board. We cant do that for security reasons, he says.

CTO Hire 359
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Case in point: taking stock of the CrowdStrike outages

CIO Business Intelligence

billion for Fortune 500 firms alone, according to an analysis by Parametrix, and total economic damages could run into tens of billions, Nir Perry, CEO of cyber insurance risk platform Cyberwrite, told Reuters. Thats a particular problem because, just as with CrowdStrike, theres a growing dependence on a small number of vendors.

CTO Hire 281
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CIOs eye SaaS backup plans post-CrowdStrike

CIO Business Intelligence

Although not implemented yet, we will be making it part of our vendor management and selection processes. We also plan on expanding our ERM [enterprise risk management] evaluations to include a more comprehensive SaaS vendor’s DR to determine which platforms we need to ensure have a mitigation strategy.”

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