Remove Artificial Intelligence Remove Budget Remove Fractional CTO
article thumbnail

What’s holding back CIO’s AI strategies? Their own AI learning curve for one

CIO Business Intelligence

A lack of AI expertise is a problem, however, when other company leaders often turn to CIOs and other IT leaders as the “go-to people” for solving AI problems, says Pavlo Tkhir, CTO at Euristiq, a digital transformation company. “A Until employees are trained, companies should consult with external AI experts as they launch projects, he says.

Strategy 331
article thumbnail

Where CIOs should place their 2025 AI bets

CIO Business Intelligence

CIOs were given significant budgets to improve productivity, cost savings, and competitive advantages with gen AI. Examples include scanning invoices, extracting basic contract information, or capturing information from PDF forms. AI at Wharton reports enterprises increased their gen AI investments in 2024 by 2.3

CTO Hire 356
Insiders

Sign Up for our Newsletter

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

article thumbnail

Cost concerns put CIOs’ AI strategies on edge

CIO Business Intelligence

Since AI is new for most companies, this creates a budgeting challenge for their AI initiatives. That uncertainty creates a challenge for risk-averse companies that must work within budget constraints. Pay-as-you-go pricing is a way to reduce financial risk by not locking into long-term contracts.

Strategy 317
article thumbnail

Taking stock of human capital in the age of AI

CIO Business Intelligence

Case in point was the high turnover rate at road and highway maintenance company AVR Group, and the solutions enacted by its CTO Pierangelo Perdomi to remedy it. So smart working was introduced at AVR last year in the technology business unit with a different supplementary contract for different groups. Each case is different.

CTO Hire 317
article thumbnail

5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). This applies to his IT group as well, specifically, in using AI to automate the review of customer contracts, Nardecchia says.

Budget 363
article thumbnail

Ways to ward off a doomed stakeholder management strategy

CIO Business Intelligence

As technologies evolve, CIOs still need to build mutual commitment and support for IT initiatives,” says tech consultant and author Gerald Leonard. Business leaders can’t wait until next year for another budget to get approved.” You can’t ignore what’s going on in the world,” he says.

Strategy 309
article thumbnail

Beyond the hype: 4 use cases that show what’s actually working with gen AI

CIO Business Intelligence

At Emburse, an expense reimbursement company, software developers use code generation tools like Github Copilot and Amazon Q Developer, which integrate directly into developer environments, says Ken Ringdahl, the companys CTO. Theyre used to automate code generation, improve code structure, and even identify potential defects.

Survey 344