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Where CIOs should place their 2025 AI bets

CIO Business Intelligence

Examples include scanning invoices, extracting basic contract information, or capturing information from PDF forms. Even simple use cases had exceptions requiring business process outsourcing (BPO) or internal data processing teams to manage. Why should CIOs bet on unifying their data and AI practices?

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Cost concerns put CIOs’ AI strategies on edge

CIO Business Intelligence

Pay-as-you-go pricing is a way to reduce financial risk by not locking into long-term contracts. Costs that fluctuate in ways even a CFO using advanced data-driven strategy cant fully forecast, thats a massive threat to solvency and can derail the core competencies these executives must protect, he says.

Strategy 317
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Massive modernization: Tips for overhauling IT at scale

CIO Business Intelligence

Its a very long and painful process, notes Don Henderson, CTO at BetaNXT, a wealth management company that provides tech services to clients. Henderson is in the throes of an 18- to 20-month project to consolidate three database architectures for operational efficiencies. Were also running legacy Oracle version 12 from 2012, he adds.

System 321
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Piramal CTO Saurabh Mittal on financial services innovation

CIO Business Intelligence

The 36,000-square-foot innovation hub will be led by the company’s CTO, Saurabh Mittal, and Markandey Upadhyay, head of business intelligence unit for Piramal. When we acquired DHFL, we had an on-prem data center that has been migrated to the cloud. As a CTO, what are some of the biggest challenges that you face?

CTO Hire 290
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CIOs sharpen cloud cost strategies — just as gen AI spikes loom

CIO Business Intelligence

“After some time, people have understood the storage needs better based on usage and preventing data extract fees.” I strike this language from all my contracts.” A self-hosted infrastructure is time-intensive, demands specialized expertise, and comes with significant expenses.”

Strategy 351
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CIOs rethink all-in cloud strategies

CIO Business Intelligence

The savings are just too big to ignore for a ton of companies,” says David Heinemeier Hansson, the Danish developer of Ruby on Rails and co-owner and CTO of 37signals, which completed a six-month total exit from the cloud last June. “‘Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024.

Strategy 361
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The secrets of successful cloud-first strategies

CIO Business Intelligence

Today’s cloud strategies revolve around two distinct poles: the “lift and shift” approach, in which applications and associated data are moved to the cloud without being redesigned; and the “cloud-first” approach, in which applications are developed or redesigned specifically for the cloud. Change the organizational mindset.

Cloud 363