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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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Balancing the costs and opportunities of GenAI adoption

CIO Business Intelligence

For CIOs tasked with managing IT budgets while driving technological innovation, balancing these costs against the benefits of GenAI is essential. Engage stakeholders: Work with finance and operations teams to align on budgets, shared goals, and success metrics. million in 2025 to $7.45

Budget 246
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Surviving the Budget Cycle - Tips & Tricks

CIO Musings

We are talking about the budget cycle. Budget approaches vary widely and cost-plus, to zero-based and others. I have worked in places where the budget never changed from year to year and I have worked in places where every year we prepared 5%, 10% and 15% cut scenarios for the consideration of the budget department.

Budget 221
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AI and cybersecurity: A double-edged sword

CIO Business Intelligence

investigation budget and achieve full detection within a 5% budget in certain cases. These AI-powered cyber-attacks are no longer a potential threattheyre a very real and present danger. These AI-driven insider threat behavioral analytics systems have been shown to detect 60% of malicious insiders under a 0.1%

Security 306
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Under increasing pressure, how can CIOs convince CFOs to invest in AI?

CIO Business Intelligence

Kalpala also suggests testing the AI solution through a pilot program in real-world business environments. To foster productive discussions with CFOs and other leaders, CIOs can present a clear set of early success metrics, such as workflow automation or error rate reduction.

Survey 293
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Taking stock of human capital in the age of AI

CIO Business Intelligence

Upskilling programs and focusing on the employee experience are also crucial for businesses looking to hold onto talent and drive innovative transformations, and recruitment for tech talent is much more effective when IT leaders are actively involved in the process. This program has its own planning and also a dedicated budget.

CTO Hire 317
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Project management: Tips, tools, best practices

CIO Business Intelligence

Costs management: Estimate costs, determine budgets. Stakeholder expectations Stakeholders can be any person or group with a vested stake in the success of a project, program, or portfolio, including team members, functional groups, sponsors, vendors, and customers. Budget for surprises. Develop relevant KPIs.