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Among the recent trends impacting IT are the heavy shift into the cloud, the emergence of hybrid work, increased reliance on mobility, growing use of artificial intelligence, and ongoing efforts to build digital businesses. As a result, making the shift to IT consulting can be a lucrative path to a fulfilling IT career.
By staying ahead of market trends, the organization remains agile, adaptable, and ready to outperform rivals. Step 3: Current state analysis of IT IT landscape assessment IT leaders must evaluate their current technologies, processes, and capabilities.
“By explaining the concepts behind AI in a clear manner, the business leader can be introduced to the building blocks for AI, and the IT leader can develop an acceptable strategy,” advises Nidal Haddad, principal at business advisory firm Deloitte Consulting.
What is a CTO? The chieftechnologyofficer (CTO) is the senior executive who focuses on the technological requirements, opportunities, and challenges within an organization. What does a CTO do? What does a CTO do? Years ago, the CTO most often led the infrastructure function.
With C-suite leaders under increasing pressure to align technology with strategic objectives, many experience that roles — whether CEO, CFO or even CTO — lack the deep technical insight needed to bridge the gap between business and technology. The CEO sets the vision and ensures business success.
In coming to software development, agentic AI — a rising trend that emphasizes autonomous decision-making over simple content generation — will push the boundaries of current AI coding copilots to enable AI-native software engineering to emerge. “A Some companies are already on the bandwagon. Gen AI tools are advancing quickly, he says.
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.
As with just about everything in IT, a data strategy must evolve over time to keep pace with evolving technologies, customers, markets, business needs and practices, regulations, and a virtually endless number of other priorities. Guan believes that having the ability to harness data is non-negotiable in today’s business environment.
CIOs who ignore the trend risk losing major ground to competitors, AI and marketing experts suggest. Jason Hishmeh, cofounder and CTO at IT services provider Varyence, sees such AI innovations infiltrate every level of the customer journey in the next five years.
Conversations and subscriptions A per-conversation model seems to be an emerging approach, says Sesh Iyer, managing director, senior partner, and North America regional chair at BCG X, Boston Consulting Groups IT building and designing group. Vendors could also charge a small price per audio input or output.
Chieftechnologyofficers are key players in the enterprise C-suite, oftentimes working in collaboration with CIOs at the forefront of new and innovative technologies. They are among the most important hires organizations are making today due to the business value that successful technology deployments can bring.
As VP of cloud capabilities at software company Endava, Radu Vunvulea consults with many CIOs in large enterprises. We see this more as a trend, he says. In some geographies, data localization and privacy requirements are embedded directly into customer contracts, he says. Where are those workloads going?
But the entire process will need to be reinvented in order to make full use of the technology, says Monteiro. Theres too much attention on AI for code development, which is actually just a fraction of the whole software development process. Next year, however, he expects multi-modality to be an important trend.
We’ve never had a technology touch everyone so rapidly.” Embedded AI Embedding AI into enterprise systems that employees were already using was a trend before gen AI came along. The world has flipped since 2022,” says David McCurdy, chief enterprise architect and CTO at Insight. Then gen AI came out.
Two of the top executive recruiters in the CIO retained search space, Shawn Banerji and Martha Heller, joined me for the first episode of 2024 to share their insights on a range of talent-related issues, including hiring trends, hybrid work questions, and the critical skills companies are looking for at the executive level.
The chieftechnologyofficer (CTO) and chief executive officer must work together for the good of the company. The CTO is responsible for focusing on technological matters, such as computers, websites and social networking.
But with the advent of GPT-3 in 2020, LLMs exploded onto the scene, captivating the world’s attention and forever altering the landscape of artificial intelligence (AI), and in the process, becoming an essential part of our everyday computing lives. In 2024, a new trend called agentic AI emerged.
From determining career paths, applying for the role, and understanding trends in AI, the Next CIO cohort have gained a clearer understanding of what c-suite technology leadership entails and identifying which skills they need to succeed. Next CIO workshops are designed to support the Next CIO cohort into their first CIO role.
That study focused on CIO and CTO satisfaction with their existing IT support and services models for enterprise software. CIOs and CTOs are frustrated at the many inconveniences of managing multiple vendors. In April of 2023, Censuswide conducted a survey of 608 US respondents from companies with $250m+ revenue.
Vendors and consultants are always eager to share insights into innovations and trends, but exchanging ideas and opinions with colleagues and fellow IT leaders can often be invaluable. As tech leaders advance their careers, many discover it’s lonely at the top.
Safeguard contracts: Include clauses in vendor contracts that address service-level agreements (SLAs), response times, and penalties for prolonged outages. Continuous improvement and review Stay informed: Keep abreast of industry trends and incidents like the CrowdStrike outage to learn from the experiences of others.
Data centers are running at near capacity in many areas of the world, according to the Global Data Center Trends 2024 report from CBRE, a real estate services firm. Jim Warman, vice president of infrastructure architects and engineers at Myriad360, a data center and cybersecurity consulting firm, sees the same trend.
Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024. The savings are just too big to ignore for a ton of companies,” says David Heinemeier Hansson, the Danish developer of Ruby on Rails and co-owner and CTO of 37signals, which completed a six-month total exit from the cloud last June.
Chuck Brooks ( @ChuckDBrooks ), President of Brooks Consulting International and Adjunct Faculty at Georgetown University, concurred. “In In an increasingly data-centric world, offloading critical infrastructure services allows for businesses to have more control of their storage, computer processing, and management. “The
The need to grow smartly Gil Westrich’s company, ClearML, is benefiting from increased adoption of artificial intelligence and machine learning (ML) technology. But the CTO and co-founder says that scaling to meet that demand presents its own challenges, which require self-reflection. How do we grow our business responsibly?”
The best chief digital officers can envision a company’s digital future and bring other executives and users on board with that vision. Evangelism comes more and more under the digital role,” says Justin Cerilli, who leads the financial services technology and data and analytics practices at consultancy Russell Reynolds Associates.
Thomas Phelps, CIO and SVP of corporate strategy at Laserfiche, says cloud contracts typically include several “gotchas” that IT leaders and procurement chiefs should be aware of, and he stresses the importance of studying terms of use before signing. I strike this language from all my contracts.”
Several CIOs and other IT leaders in private equity (PE) environments say they see a trend toward the position being elevated, both with investors and at the portfolio companies they fund. Every aspect of the business is dependent on some type of technology.”
“Technology such as AI is redefining business models, requiring organizations to make the seismic shift from a novice technology organization to a mature and trusted leader,’’ says Raj Sharma, consulting vice chair at EY Americas. “As This work is critical and feeds directly into how the company uses AI.”
This has CIOs moving from experimenting and testing intelligence in pockets to scaling up deployments and rolling out intelligence throughout their organizations. The approach taken by James Phillips, CIO at software maker Rev.io, reflects that trend. a real estate and parking investment, development, and operations company.
King Price, a South Africa-based, privately held short-term insurance provider, were able to radically transform their business strategy, increasing system resilience, customer expansion and market adaptability in the process of adopting cloud technology. And what trends are you watching?
Gathering and processing data quickly enables organizations to assess options and take action faster, leading to a variety of benefits, said Elitsa Krumova ( @Eli_Krumova ), a digital consultant, thought leader and technology influencer. Nichol ( @PeterBNichol ), ChiefTechnologyOfficer at OROCA Innovations.
Since 2023, compensation for CIOs and CTOs has increased by more than 7% and over 20% since 2019, according to Heller. CIO packages often include stock options, relocation expenses, and hiring bonuses, says Victor Janulaitis, CEO of consulting firm Janco. This growth is evident in both base salaries and equity packages,” she says.
“Generative AI does have the ability to replace CIOs who don’t embrace the innovative shifts coming for companies,” says Tim Crawford, a former CIO himself and now a CIO strategic advisor at AVOA, a technologyconsultancy. I like driving the business forward.” But their role isn’t going away.
Rate of change “The most important metric for IT success is rate of change,” says Nicolas Avila, CTO for North America at IT and software development company Globant. Satisfaction metric results should be shared with both IT and business leaders, and action plans should be developed by C-level executives and IT service leads.
“With a focus on automation for customer service and telesales functions, we’re looking at intelligent automation solutions that can help improve customer engagement and self-help capabilities,” says Chris Pendergast, the company’s SVP and CTO. She also adds that data must be clean, accurate, and unbiased to maximize its potential.
Felix Gaehtgens et al, Top Strategic TechnologyTrends for 2022: Cybersecurity Mesh, Gartner, October 18, 2021 For more cybersecurity thought leadership, please visit us online. About Sean Duca: Sean is vice president and regional chief security officer for Asia Pacific and Japan at Palo Alto Networks.
Engaging the Hadoop Developer — Deep-dive with industry experts into the key projects, technology, and emerging trends driving the enterprise adoption of Hadoop. Chief Security Architect, Office of the CTO, Cloudera. Proven Strategies for Promoting Innovation and Technology Adoption. Eddie Garcia.
My experience aligns with this trend. In an industry where companies typically relied on third-party consultants to analyze their data, we believed our approach was a slam dunk. The CIO’s role is traditionally focused on operations and security, while the CTO, a more recent position, drives innovation and development.
Engaging the Hadoop Developer — Deep-dive with industry experts into the key projects, technology, and emerging trends driving the enterprise adoption of Hadoop. Chief Security Architect, Office of the CTO, Cloudera. Proven Strategies for Promoting Innovation and Technology Adoption. Eddie Garcia.
And if you’re presenting, it’s best to study older board packages and consult with colleagues about how the directors discuss, debate, and finalize key decisions. When presenting, you’ll need to win over board members by doing your homework, communicating in business language, and practicing the presentation.
EA helps organizations structure IT projects and policies to achieve desired business results, to stay agile and resilient in the face of rapid change, and to stay on top of industry trends and disruptions using architecture principles and practices, a process also known as enterprise architectural planning (EAP). Microsoft Azure.
Investment mode for some SnapLogic, an integration-platform-as-a-service provider, is among the companies expecting to bump up its IT budget, says Jeremiah Stone, CTO at the company. Earlier this year, Forrester competitor Gartner projected a worldwide IT spending increase of 8% in 2024.
“It seems to be an increasing worry — worry over whether the enterprise is secure and its data is protected, because everything else falls to the wayside if that’s not taken care of first,” says John Buccola, CTO of E78 Partners, which provides consulting and managed services in finance technology and other professional areas.
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