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How Birmingham’s $48M Oracle ERP project turned into an epic failure

CIO Business Intelligence

According to the report, the implementation has fundamentally impacted the Councils financial management and its operations, forcing the council into a costly re-implementation phase that has more than doubled the projects original budget. Licensing and customization fees added further strain to the budget.

Oracle 227
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Super-app: a mobile platform worthy of its name

CIO Business Intelligence

The emergence of super-apps offers a unique opportunity for leaders in banking and payments to innovate and expand their reach. Financial institutions can tap into new demographics, prioritizing convenience and seamless banking application experiences. This can strain development teams and budgets.

Mobile 165
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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. CIO should bet on change management programs and evangelizing high-quality agents with whom employees collaborate to deliver value beyond productivity.

CTO Hire 356
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Rising cloud costs leave CIOs seeking ways to cope

CIO Business Intelligence

Sunrise Banks, which operates community banks and a fintech service, has also seen cloud costs increase recently, says CIO Jon Sandoval. As it moved to the cloud, Sunrise Banks first estimated its cloud usage, then reserved cloud workloads with a major hyperscaler to keep costs under control, Sandoval says.

Cloud 344
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Balancing innovation with value, cost, and practicality: The CIO’s guide to future proofing technology investments

CIO Business Intelligence

Embrace the future-proofing imperative Eighty-three percent of IT leaders and 88% of LOB leaders expect full-year spending in 2024 to be higher or in line with original 2024 budgets despite inflation and potential recession concerns, according to IDC’s Future Enterprise Resiliency and Spending Survey, Wave 3 (March 2024).

Banking 278
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How to get your CFO to buy into a better model for IT funding

CIO Business Intelligence

In contrast, traditional organisations use a project-based approach to delivery, with temporary teams created on an as-needed basis for a specific purpose with budgets based on up-front funding estimates. If the scope is clear and easy to define up-front, it’s a great way to keep everyone on track and ensure teams are delivering to budget.

How To 312
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Step 1 to becoming a business-savvy CIO

CIO Business Intelligence

For example, if you are in banking, your organization is likely to measure itself by profitability ratios such as net interest margin (the difference between interest income generated and interest expenses) or PCL (provision for credit losses). Budgeting, Business IT Alignment, IT Leadership, IT Strategy

Banking 278