CIO Business Intelligence

JANUARY 21, 2025

CIOs were given significant budgets to improve productivity, cost savings, and competitive advantages with gen AI. CIOs feeling the pressure will likely seek more pragmatic AI applications, platform simplifications, and risk management practices that have short-term benefits while becoming force multipliers to longer-term financial returns.

CTO Hire 356

CTO Hire Fractional CTO Strategy Government 356

CIO Business Intelligence

APRIL 29, 2024

While traditional approaches to bridging the profitability gap, like layoffs and budget cuts, can harm company culture, an innovative and practical alternative is capitalizing on technology budgets. However, it’s important to remember that headcount and budget cuts are not the only strategies to streamline costs.

Budget 162

Budget Case Study Change Management Strategy 162

CIO Business Intelligence

FEBRUARY 5, 2025

Its also important to identify challenges like data privacy, technical readiness, and organizational change management. For insurance or financial services enterprises, benchmarks should focus on reducing manual errors, improving service speed, and reducing direct expenses to deliver the core services, he says.

Survey 293

Survey CTO Strategy Data 293

Eric D. Brown

OCTOBER 28, 2024

The remaining 70% comprises hidden costs that rarely make it into initial budgets or project proposals. I recently talked to the CEO of a mid-sized manufacturing company that budgeted $500,000 for an AI-driven quality control system. The cost of a data breach isn’t just financial – it can devastate your reputation.

Budget 130

Budget Government System Data 130

CIO Business Intelligence

OCTOBER 30, 2024

Imagine you’re a client technologist of the athletics department, and you’re looking for financial information for athletics,” he says. Business leaders can’t wait until next year for another budget to get approved.” You shouldn’t have to come to IT to ask for those reports.

Strategy 309

Strategy Fractional CTO Tools CTO 309

CIO Business Intelligence

OCTOBER 28, 2024

Bloom says managers who exceed expectations typically hit all their job requirements and do so in ways that deliver extra value. They need to say, for example, ‘Given the current financial and human resources we have, we can do three of the five things you want to do. Bonfante adds. Which of the three are most important?

Training 302

Training Meeting Examples Strategy 302

CIO Business Intelligence

NOVEMBER 25, 2024

Today’s CIOs inherit highly customized ERPs and struggle to lead change management efforts, especially with systems that [are the] backbone of all the enterprise’s operations,” wrote Isaac Sacolick, founder and president of StarCIO, a digital transformation consultancy, in a recent blog post.

Oracle 328

Oracle System Data Applications 328

CIO Business Intelligence

MARCH 26, 2025

With emerging technologies like Gen-AI keeping organizations in a flurry of new implementations, a rapidly shifting CIO role, new innovations testing budgets and adaptability of organizations and increasing competition, a competent CIO is the ace that can change the game.

CTO 147

CTO Agile Chemicals Strategy 147

CIO Business Intelligence

JULY 4, 2022

If a department is underperforming, a CAO can step in and identify what areas need to change or be improved to turn things around. That might include developing long-term budgets, developing and monitoring KPIs, training new managers, and keeping a pulse on changing regulatory and compliance rules.

Budget 246

Budget Report Financial Policies 246

CIO Business Intelligence

JULY 5, 2022

If a department is underperforming, a CAO can step in and identify what areas need to change or be improved to turn things around. That might include developing long-term budgets, developing and monitoring KPIs, training new managers, and keeping a pulse on changing regulatory and compliance rules.

Budget 244

Budget Report Financial Policies 244

CIO Business Intelligence

DECEMBER 22, 2023

After marked increase in cloud adoption through the pandemic, enterprises are facing new challenges, namely around the security, maintenance, and management of cloud infrastructure. Role growth: 10% of companies have added site reliability engineer roles as part of of their cloud investments. Careers, Cloud Computing, Hiring, IT Jobs

Cloud 325

Cloud Company Devops Disaster Recovery 325

CIO Business Intelligence

SEPTEMBER 27, 2022

For example, government ERP uses contract lifecycle management (CLM) rather than traditional purchasing and follows government accounting rules rather than GAAP. By integrating financial information in a single system, ERP systems unify an organization’s financial reporting. Organizational change management.

Resources 299

Resources Enterprise Enterprise System 299

CIO Business Intelligence

NOVEMBER 13, 2023

Because of this, IT leaders must take a proactive approach to change management , communicating the benefits of digital transformation and providing support and training to employees. Be realistic about the costs of digital transformation and allocate sufficient human capital and financial capital to achieve your goals.

Agile 359

Agile Training Budget Resources 359

CIO Business Intelligence

SEPTEMBER 17, 2024

Unfortunately, many organizations still view data quality and governance functions as a given IT responsibility, leaving these investments without a financial sponsor. “The CIOs who want enterprise architects to act as sponsors should provide them with a budget and oversee the development of a charter for managing investment priorities.

Agile 363

Agile Enterprise Enterprise Architecture 363

CIO Business Intelligence

JUNE 26, 2023

Project managers play the lead role in planning, executing, monitoring, controlling, and closing out projects. They are accountable for the entire project scope , the project team and resources, the project budget, and the success or failure of the project.

Project Management 264

Project Management SCRUM Budget Agile 264

CIO Business Intelligence

FEBRUARY 23, 2024

A closer look at the company’s financials, at least for the last two quarters, reveals that Kyndryl Consult is the only green shoot for the company at the moment. Slaga said that the company was prioritizing existing accounts by activating its open integration platform — Bridge and adding consulting partners based on the industry sector.

IBM 336

IBM Enterprise Enterprise Healthcare 336

CIO Business Intelligence

APRIL 24, 2024

Brkovich, who also teaches a financial management class for CIOs at Carnegie Mellon University, says, in his experience, the relationship between the CIO and the CFO is the most important relationship a CIO has. The most successful CIOs are those who spend time and energy on financial management,” he says.

Financial 321

Financial Insurance Survey Security 321

CIO Business Intelligence

JULY 23, 2024

CIOs should be drivers of change — which can create stress — while taking proactive and ongoing steps to reduce stress in their organization and across the company. Confirm that the financial models accurately explain budget-to-actual variances.

Government 357

Government Security Cloud System 357

CIO Business Intelligence

NOVEMBER 7, 2022

Digging through research examining the impact of standard conventions like siloed teams and staged gate processes, Arooni began percolating ideas for how to shift IT organizations away from the traditional project-oriented culture to something more agile, with greater business accountability and more responsiveness to changing customer needs. “We

Fractional CTO 290

Fractional CTO Agile CTO Hire SCRUM 290

CIO Business Intelligence

SEPTEMBER 4, 2024

Andy Thurai, VP and principal analyst at Constellation Research adds that AI is also used to help with budgeting, sourcing, and writing vision statements to present to the board. Nine of out 10 also said at least some of their job could be automated by AI, and nearly half said most or all of their job could be completely replaced by AI.

Fractional CTO 334

Fractional CTO CTO Training Strategy 334

CIO Business Intelligence

NOVEMBER 14, 2023

Cloud costs will often — and rapidly — become large line items on budgets. At a previous company with a cost-effective corporate data center and infrastructure environment, Upchurch found that simply moving enterprise applications to the cloud would have decimated the budget. And the costs recur monthly or quarterly,” Upchurch says.

Strategy 363

Strategy Cloud Applications Agile 363

CIO Business Intelligence

JANUARY 23, 2024

For example, McKinsey suggests five metrics for digital CEOs , including the financial return on digital investments, the percentage of leaders’ incentives linked to digital, and the percentage of the annual tech budget spent on bold digital initiatives.

Examples 352

Examples Strategy Programming Data 352

CIO Business Intelligence

JANUARY 17, 2024

In one, he mocked up a cover of the Financial Times , showing the company’s stock soaring and praising its technologically enabled innovations. I used figures of speech and financial terms they understood, and I kept well away from technical jargon because that wasn’t my audience.

Fractional CTO 305

Fractional CTO Meeting CTO Data 305

CIO Business Intelligence

MAY 28, 2022

The annual budget cycle also encourages organizations to buy and deploy equipment even if there’s not a direct need, to avoid forfeiting available IT dollars. “If Almost 90% of assets recovered by HPE Financial Services are given a second life. Consider other high-impact areas such as procurement and asset end-of-life management.

Data 259

Data How To Energy Data Center 259

Fountainhead

DECEMBER 15, 2011

And I hope that change-management and organizational design models will mature to the level of technology models so that "turn-key" process change and skill development will accompany the product sale. Financial chargeback (and showback) have been discussed for years, and are being implemented in greater numbers lately.

Data Center 200

Data Center Cloud Financial Virtualization 200

CIO Business Intelligence

MAY 26, 2022

The annual budget cycle also encourages organizations to buy and deploy equipment even if there’s not a direct need, to avoid forfeiting available IT dollars. “If Almost 90% of assets recovered by HPE Financial Services are given a second life. Consider other high-impact areas such as procurement and asset end-of-life management.

Data 244

Data How To Energy Data Center 244

CIO Business Intelligence

JANUARY 12, 2023

First Tech Credit Union is a San Jose-based financial institution with more than $16 billion in assets. And there were many things that could’ve derailed the project that had less to do with technology and more with business processes, change management, and controls. Where’s all the money I spent?'”

How To 363

How To Examples Exercises Retail 363

CIO Business Intelligence

JULY 28, 2023

Tight budgets and labor shortages have remained an ongoing challenge for IT leaders in 2023. In fact, according to Samsara’s State of Connected Operations Report , connected operations leaders who reported the highest level of digital maturity were 6x more likely to exceed their financial goals by 25% or more.

Agile 246

Agile Architecture Industry Data 246

Forrester IT

FEBRUARY 28, 2019

We’ve been researching a central dilemma for software leaders over the last year: If software is so important to digital business and customer engagement, why isn’t software development better understood by the C-suite?

Software Development 329

Software Development Software Software Development 329

CIO Business Intelligence

NOVEMBER 7, 2022

With enterprise resource planning (ERP) and customer relationship management (CRM) applications at the heart of many a company’s operations, the consequences of a failed software rollout can be serious, including shareholder lawsuits and financial meltdown. By March 2019, things were slipping.

SAP 321

SAP System Oracle Company 321

Future of CIO

JUNE 5, 2017

And there is as much an onus on the business to understand IT, to be aware of the technical considerations required to deliver the business outcomes, to help plan the budgets, predict the financial and resource requirements, understand the constraints, and IT and business have to work hand in hand to manage change to sustain its impact.

Change Management 40

Change Management Business Transformation Strategy Budget 40

Forrester IT

FEBRUARY 28, 2019

What Our Clients Tell Us All The Time. Our organization has gone to great lengths to become Agile, and we are well on our journey, but there is friction between our org and those within the company who have not yet transitioned to Agile practices.” Agile teams feel bogged down and relevant […].

Agile 259

Agile Company Change Management Budget 259

Future of CIO

NOVEMBER 2, 2017

Change planning: Organizational change management needs to go hand-in-hand with strategy management nowadays. A Strategy for "change" should focus on betterment. Planning is an effective way to achieve change if planning effort in integrated with normal management practices.

Budget 49

Budget Change Management Strategy Exercises 49

Future of CIO

JANUARY 10, 2019

The change must be defined in its base elements and associated benefits to be achieved via financial, market share, or productivity perspectives. Overall speaking, Change Management has a very low success rate, how do you assess an organization that is ready for change?

Change Management 40

Change Management Financial Strategy System 40

CIO Business Intelligence

FEBRUARY 22, 2023

With lots of Indians here and not much of a time difference, change management is less, too.” I found if I held the budget and the reporting line, giving away operational control was a powerful tool to build trust. Working with internal audit is important from a financial point of view.

Groups 246

Groups Government Examples Meeting 246

Future of CIO

MAY 12, 2014

Besides on-time, on-budget, what KPIs do you think can best measure the effectiveness of IT portfolio management (PM) and project management processes to deliver business value? They are providing the budget and expecting to realize the business benefits of implementing the project.

Budget 49

Budget Survey Project Management Financial 49

Cloud Musings

FEBRUARY 2, 2016

Mature businesses, on the other hand, need to manage the transition to cloud without throwing away their valuable current infrastructure. They also deal more with organizational change management issues and possible employee skill set challenges. The new, bimodal IT model is also a concern for these enterprises, Forbes reported.

Cloud 70

Cloud Data Center Resources Meeting 70