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Its up to IT leaders to ensure the changes their digital initiatives bring to business workflows are absorbed and acted upon by the users impacted by them. Too often, however, changemanagement is treated as an afterthought, observes Munir Hafez, senior vice president and CIO at consumer credit reporting agency TransUnion.
This is true whether it’s an outdated system that’s no longer vendor-supported or infrastructure that doesn’t align with a cloud-first strategy, says Carrie Rasmussen, CIO at human resources software and services firm Dayforce. A first step, Rasmussen says, is ensuring that existing tools are delivering maximum value.
Here, we explore the key factors impeding IT modernization and provide recommendations to overcome them (with real-world illustrations of strategies). For instance, Capital One successfully transitioned from mainframe systems to a cloud-first strategy by gradually migrating critical applications to Amazon Web Services (AWS).
Business leaders can’t wait until next year for another budget to get approved.” “New business opportunities arise at any time, and people have to be able to quickly purchase tools to get the job done,” he says.
Enterprises in Germany, Austria, and Switzerland are accelerating their transition to cloud-based ERP solutions, with SAP playing a key role in their digital transformation strategies. However, there is a notable decline in organizations maintaining a stable SAP budget, with only 23% keeping spending unchanged compared to 32% in 2024.
growth in ICT budgets specific to Italy, mostly in line with recent trends. Training, communication, and changemanagement are the real enablers. Managingchange and transformation Paolo Sicca, group CIO of manufacturing company Industria Grafica Eurostampa, is an example of how his role is evolving.
CIOs have been able to ride the AI hype cycle to bolster investment in their gen AI strategies, but the AI honeymoon may soon be over, as Gartner recently placed gen AI at the peak of inflated expectations , with the trough of disillusionment not far behind. That doesnt mean investments will dry up overnight.
CIOs were given significant budgets to improve productivity, cost savings, and competitive advantages with gen AI. As gen AI heads to Gartners trough of disillusionment , CIOs should consider how to realign their 2025 strategies and roadmaps. Even this breakdown leaves out data management, engineering, and security functions.
In a multi-cloud strategy, organizations use services from multiple cloud providers to avoid vendor lock-in and enhance resilience. Magesh Kasthuri Whats your FinOps strategy? Financial operations (FinOps) is a crucial aspect of cloud adoption that focuses on managing and optimizing cloud costs. Budgeting and forecasting.
Whenever an organization implements a new process, updates an existing process, deploys new technology, or fine-tunes services, its leaders must be mindful that even a simple change to a single process can start a domino effect, introducing issues in a range of other processes that must also be addressed. AIM ChangeManagement Certification.
CIOs have to accept that their current budget does not allow them to do the transformative work in data thats necessary, he says. Thats driving up spending on AI , but its not bringing in the finances needed to put the data house in order, says Ted Schadler, vice president and principal analyst at Forrester Research.
Although some continue to leap without looking into cloud deals, the value of developing a comprehensive cloud strategy has become evident. Without a clear cloud strategy and broad leadership support, even value-adding cloud investments may be at risk. Cloud costs will often — and rapidly — become large line items on budgets.
Top CIOs rebrand IT as part of a transformational vision that inspires the IT team, employees, stakeholders, and executives to experiment and drive change. These CIOs also avoid digital transformation’s changemanagement mistakes by guiding IT teams to drive end-user adoption, capture feedback, and iteratively improve solutions.
A large portion of the manufacturing industry is in danger of falling beyond, not because they dont recognized the need for digital transformation, but because they lack concrete strategies for implementation. Action is needed to meet the demands of climate change and other sustainability aspects.
And with infrastructure and application modernization cited as key reasons for CIOs’ budget increases this year, according to the 2024 State of the CIO Survey, that pace is not fast enough. Here veteran IT leaders and advisers offer eight strategies to speed up IT modernization.
To maximize the impact of AI initiatives, organizations should focus on aligning each project with their overall corporate strategy and long-term goals. For example, if a companys strategy is cost leadership, the CIO would prioritize projects that drive efficiency to lower costs.
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.
As a result, we embarked on this journey to create a cohesive enterprise data strategy. The role of a technology leader In my role, I am fortunate to have strong relationships with our senior executive team, which has been invaluable when discussing budgets, funding, and long-term strategic goals.
In fact, research firm Gartner named IT talent strategy as one of five common CIO pain points that will persist through 2025. But to assemble a high-performance team today , CIOs must pay particular attention to their management ranks. The manager wasn’t able to exceed expectations until he built up his leadership capabilities.
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. Cultural adaptation is another hidden cost that rarely makes it into initial budgets.
Because Windows 11 Pro has new hardware requirements, your upgrade strategy must both address hardware and software aspects, not to mention security, deployment plans, training, and more. Also, include additional licensing costs in your budget planning to ensure you have adequate resources to support the upgrade.
Today’s CIOs inherit highly customized ERPs and struggle to lead changemanagement 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.
Sfida numero due: il budget In altri casi, la trasformazione digitale non incontra resistenze, perché c’è la spinta dal basso: è l’utente che chiede di modificare un processo e introdurre innovazione. Quattro: attrarre le competenze Quando, però, la sicurezza è cruciale per il core business, le imprese mettono in campo budget adeguati.
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.
Costs management: Estimate costs, determine budgets. Quality management: Identify quality requirements. Human resource management: Plan and identify human resource needs. Communications management: Plan stakeholder communications. Procurement management: Identify and plan required procurements.
There’s a strong need for workers with expertise in helping companies make sense of data, launch cloud strategies, build applications, and improve the overall user experience. Project manager The role of project manager is important for planning, executing, and completing IT projects on time and on budget.
According to Foundry’s 2023 State of the CIO Research, technology budget growth is seeing pre-pandemic levels. 91% of CIOs expect their tech budget to either increase or stay the same in 2023. It is thus, very essential for a CIO to rebalance these priorities while recalibrating their business strategies.
This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Luckily, many are expanding budgets to do so. “94%
In tandem with his job as chief digital officer and senior vice president of strategy at Hussman, Seals got a Ph.D. More frequently, IT leaders are seeing the value of educating their peers and stakeholders as a win-win for increasing buy-in and budget for digital initiatives. At his company, anyway.
“First, you end up allocating too much budget to business-as-usual infrastructure rather than investing in innovations that can drive real business growth.
Because of this, IT leaders must take a proactive approach to changemanagement , communicating the benefits of digital transformation and providing support and training to employees. Digital Transformation, IT Leadership, IT Strategy
When it comes to IT strategy, Kimberly-Clark Global CIO Manoj Kumbhat makes one thing very clear: This multinational takes a business-first approach to digital transformation. We are being smart about it,” he says of the company’s cloud strategy, which is centered in part around its direct-to-consumer business. Manoj Kumbhat.
Early on, I observed that business strategy was rarely driving digital transformation, resulting in very little transformation occurring. Those that prioritize automation and cost-cutting strategies are limited to linear growth, at best. Instead, a vast majority of companies were investing in digitization.
Implementare un sistema gestionale non significa soltanto introdurre un nuovo software, ma condurre unazione di changemanagement che deve partire dal CEO e dagli altri executive. E siamo andati fuori budget. Poi il progetto andato bene, ma limpegno stato evidente.
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.
But with the right technologies, strategies, processes, and partnerships in place, you can mitigate the mayhem, and better yet, avoid it all together. As I mentioned earlier, protecting your systems must involve both offensive and defensive strategies. It’s so important to prioritize innovation while protecting your environment.
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. A focus on strategy Johar and Mandell aren’t the only IT leaders looking forward to their jobs becoming more dynamic as AI continues to evolve.
And they see the big picture across the enterprise and how AI fits into its overall modernization and transformation strategies. It’s not a surprise that two out of every three IT organizations are planning to allocate more than five percent of their budgets to AI initiatives.
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. For more, see our 12 difficult project manager interview questions to prep for.
The Data Management Association (DAMA) International defines it as the “planning, oversight, and control over management of data and the use of data and data-related sources.” Data governance framework Data governance may best be thought of as a function that supports an organization’s overarching data managementstrategy.
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. Be paranoid about third-party data breaches and security incidents,” warns Brad Hibbert, COO and chief strategy officer at Prevalent. “To
IBM Consulting led this transformation work end-to-end, providing the technical services, implementation and application management services expertise required to help securely move and run these complex solutions. Transitioning systems isnt easy, and change adds complexity.
Two years on since the start of the pandemic, stress levels of tech and security executives are still elevated as global skills shortages, budget limitations and an ever faster and expanding security threat landscape test resilience. “In ChangeManagement, Identity Management Solutions Kerissa Varma.
It seeks to improve the way data are managed and products are created, and to coordinate these improvements with the goals of the business. According to Gartner, DataOps also aims “to deliver value faster by creating predictable delivery and changemanagement of data, data models, and related artifacts.” It’s a fluid situation.”
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