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Cost concerns put CIOs’ AI strategies on edge

CIO Business Intelligence

Sastry Durvasula, chief operating, information, and digital officer at TIAA, firmly believes consumption-based pricing is the best model for business organizations AI strategies. Since AI is new for most companies, this creates a budgeting challenge for their AI initiatives. But it doesnt have to be that way.

Strategy 317
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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
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The lazy CIO’s guide to better IT investment

CIO Business Intelligence

Youre under this pressure unless youve given up and relinquished responsibility for formulating the organizations technology vision to a chief digital officer, chief technology officer, or some other titled individual whose job is to make promises you as CIO are supposed to keep. Dont do that.

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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. As gen AI heads to Gartners trough of disillusionment , CIOs should consider how to realign their 2025 strategies and roadmaps. AI at Wharton reports enterprises increased their gen AI investments in 2024 by 2.3

CTO Hire 356
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7 signs it’s time to modernize your IT systems

CIO Business Intelligence

When addressed properly , application and platform modernization drives immense value and positions organizations ahead of their competition, says Anindeep Kar, a consultant with technology research and advisory firm ISG. The bad news, however, is that IT system modernization requires significant financial and time investments.

System 349
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Moderate IT budget increases have CIOs shaping 2025 strategies to suit

CIO Business Intelligence

Despite those complications, a huge majority of IT leaders expect their organizations’ IT budgets to increase — at least moderately — in the next fiscal year, with IT talent and software spending leading the way. Talent, software spending lead the way According to Forrester’s guide, personnel accounts for nearly 35% of IT budgets.

Budget 336
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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