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Nobody wants to waste money on cloud services. But by failing to fully address a handful of basic issues, many IT leaders squander funds on cloud services that could be used to support other important projects and initiatives especially as AI comes along to alter the cloud economics equation.
Over the past few years, enterprises have strived to move as much as possible as quickly as possible to the public cloud to minimize CapEx and save money. In the rush to the public cloud, a lot of people didnt think about pricing, says Tracy Woo, principal analyst at Forrester. Are they truly enhancing productivity and reducing costs?
SAP is starting the 2025 financial year with a new executive board.The German software company announced that 39-year-old Sebastian Steinhuser will be promoted to the executive board. Before joining SAP, Steinhuser worked at Boston Consulting Group. SAP introduced a new CTO and two new chief revenue officers.
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. Examples include scanning invoices, extracting basic contract information, or capturing information from PDF forms.
The bad news, however, is that IT system modernization requires significant financial and time investments. 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 36,000-square-foot innovation hub will be led by the company’s CTO, Saurabh Mittal, and Markandey Upadhyay, head of business intelligence unit for Piramal. CIO.com caught up with Mittal to know more about his plans for the innovation lab, as well as the technology strategy for the financial services company.
IT environments are constantly growing more complex, with organizations rolling out AI agents and LLMs, operating in multiple clouds, and anticipating breakthroughs like quantum computing. The US Office of Management and Budget has also pushed agencies to use TBM practices since 2017.
For instance, CIOs in industries like financial services need to monitor how competitors leverage AI for fraud detection or offer personalized services to inform their IT strategies. CIOs can ensure that IT supports and drives key business outcomes by translating business strategies into clear technology roadmaps.
Error correction is vital for enterprise users of quantum computing, says Yoram Avidan, CTO of Citigroups Innovation Lab and global head of Citi Accelerator. Error correction ensures the accuracy and reliability of quantum computations, he says, which is particularly important for financial monitoring.
She previously worked at Iron Mountain, where she was Executive Vice President and CTO. Earlier this year, CEO Chuck Robbins revamped Ciscos top management and promoted Centoni to EVP and chief customer experience officer. So, its good that youre giving this a try, but I suggest you look at what a Plan B looks like.
With hybrid on-prem and cloud-deployed solutions and differences of capability and alignment between organizations and their suppliers, this can be a real challenge! Leveraging cloud solutions that drive simplification and standardization in business processes and technology investment where appropriate.
Once you get Copilot for Office 365, you go through training, and thats driven up our utilization to around 93%. According to the survey by Google Cloud and National Research Group, 28% of leaders report positive ROI for gen AI in developer productivity and engineering, with another 34% expecting to see ROI within a year.
Weve developed our own agentic AI for code management, says Charles Clancy, CTO at Mitre. Mitre had to create its own system, Clancy added, because most of the existing tools use vendor-managed cloud infrastructure for the AI inference part. We cant do that for security reasons, he says.
The cloud has changed the IT and business worlds forever, and generally for the better. But when misused or abused the cloud can backfire, leading to a serious business setback or, in a worst-case situation, long-term competitive damage. Ensuing proper cloud use is essential in today’s high-stakes, fast-paced business environment.
After years of marching to the cloud migration drumbeat, CIOs are increasingly becoming circumspect about the cloud-first mantra, catching on to the need to turn some workloads away from the public cloud to platforms where they will run more productively, more efficiently, and cheaper.
Its a very long and painful process, notes Don Henderson, CTO at BetaNXT, a wealth management company that provides tech services to clients. IT is also creating a new platform architecture to enable the firm to move off legacy technology and build cloud-based capabilities. As systems are shut down, IT builds parallel systems.
Dave McCarthy, research vice president at IDC and one the surveys authors, points out that CIOs are still dealing with how best to manage unexpected costs in the cloud and have learned that estimating costs for new workloads is challenging without historical data.
Cloud costs remain a key concern for IT leaders, who find themselves nearing a crossroads where expenditures for core workloads will need containment to free up spend for innovation. 1 barrier to moving forward in the cloud. Cloud costs continue to be a top concern for CIOs,” says Dave McCarthy, analyst at IDC.
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.
He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. Amit Goel joins Blox as CTO. Real estate buying platform Blox has appointed Amit Goel as its chieftechnologyofficer, based in Mumbai.
Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. Refactoring applications to take advantage of cloud-native services is vital to maximizing cloud ROI. We need hard metrics because we’re running 800 instances of cloud computers.
Moving into the digital 2020s, enterprises are contemplating the adoption of a new generation of collaborative, composable, and cloud-based enterprise resource planning (ERP) technologies, motivated by a stubborn pandemic, insecure supply chains, transient workforces, and other factors.
A related concept, CloudOps, for “cloud operations,” has emerged as enterprises increasingly move application development and workloads to the cloud, and those cloud outlays become more complex. CloudOps: A multilayered framework for cloud operations.
in Advanced Research Contracts For its Labs Division. Major Market Demand for Advanced Threat Protection Driving Rapid Platform Adoption and Expansion of Technology Ecosystem; Company Announces Integration With Palo Alto Networks’ Wildfire Platform. contract with the U.S. – bg. FAIRFAX, VA—April 7, 2014 —Invincea, Inc.,
The demand for cloud infrastructure combined with the rise in sales of SaaS services boosted Oracle’s fourth quarter revenue for fiscal year 2022, but the acquisition of healthcare tech company Cerner has chalked up a debt of $15.8 Total cloud revenue ( IaaS plus SaaS) for the company stood at $2.9
As organizations increasingly rely on cloud-based services and cybersecurity solutions to protect their digital assets, the incident serves as a stark reminder of the vulnerabilities inherent in even the most robust systems. So while the CrowdStrike incident is dramatic, cloud outages are not rare.
For many insurers, this means investing in cloud. 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 cloudtechnology.
Allegis had been using Eclipse for 10 years, when the system was acquired by Epicor, and Allegis began exploring migrating to a cloud-based ERP system. We really liked [NetSuite’s] architecture and that it’s in the cloud, and it hit the vast majority of our business requirements,” Shannon notes.
Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. Despite the fact that we are opening new and expanding existing cloud data centers very, very rapidly.”
IT leaders have always needed to exercise fiscal responsibility while meeting business demands for technology. But as digital transformation efforts have intensified in recent years, CIOs have had fewer opportunities to pause and reevaluate IT’s financial situation. In addition to cloud consumption, there may be drivers at play.
One way they’re doing that is by reimagining the IT function, say management consultants, executive advisors, and CIOs themselves. This reinvention goes beyond the adoption of cloud, agile development principles, and cutting-edge technologies. Those CIOs typically saw that approach as a starting point for their cloud journeys.
Most IT leaders have assets moved to the cloud to achieve some combination of better, faster, or cheaper compute and storage services. They also expect to benefit from the expertise of cloud providers—expertise that isn’t easy for companies to develop and maintain in house, unless your company happens to be a technology provider.
Three years ago, IT leaders were squarely focused on how to adopt fledgling AI techniques and approaches into their business models in service of digital transformations that included plans for shifting some workloads to the cloud. How do we grow our business responsibly?” How do we get the talent we need?
This move to the cloud lays the foundation for further expansion into other cloud-based applications to deliver deeper insights and better digital services, as well as drive cost savings for the company and the consumer. We haven’t had to worry about this given it now sits in the cloud. That’s worked well for us.
Vered was most recently CTO at engineering insights startup Uplevel. ” — Chris Vonderhaar , a former Amazon Web Services executive who joined Google Cloud last year , has left the Silicon Valley company. Vonderhaar had been Google Cloud’s vice president of demand and supply management. Chad Knowles , chief revenue officer.
As technology projects, budgets, and staffing grew over the past few years, the focus was on speed to market to maximize opportunity, says Troy Gibson, CIO services leader at business and IT advisory firm Centric Consulting. The negative financial and competitive consequences … will be difficult to escape,” he says.
Everything has to go right: the technology, the goals, the financial platform, and most important of all, the timing. Launch an initiative too soon and the technology may be premature and flawed. Planning and launching a major IT initiative can be a CIO’s biggest challenge.
— Ali Dasdan , chieftechnologyofficer of ZoomInfo Technologies , is resigning from his role at the publicly traded company to “pursue a new opportunity,” according to a new Securities and Exchange Commission filing. His title was vice president of worldwide cloud services and hosting.
Gen AI boom in the making Many early and established forays into generative AI are being developed on the AI platforms of cloud leaders Microsoft, Google, and Amazon, reportedly with numerous guardrails and governance measures in place to contain unrestricted exploration.
Organizations should discuss ways they can modernize their technology infrastructure to support architectures in which security is built in, not simply bolted on, says Google Cloud CISO Phil Venables. What is the true extent of our financial exposure? Do we address cyber scenarios to the extent that we should?
The resulting redefinition of their role is influencing their priorities as they prepare for the 2023 financial year. Her colleague, CTO Rajaneesh R Kini, agrees. Fortifying our security portfolio ensures the enterprise is protected, whether it’s the corporate office or the home office. “As
Healthcare operations have been slow to change but now are catching up Unlike banking and financial services, healthcare operations have been slower to adopt AI-backed digital technology until now. Healthcare payers and providers are facing financial headwinds that will not subside just from cost costing or reducing labor.
We came to the conclusion that the way we do things in IT is outdated,” says Arooni, now executive vice president and CIO at Discover Financial Services. “If Amir Arooni, executive vice president and CIO, Discover Financial Services. Establishing technology and business owners also drives collaboration.
JLL, for instance, provides facilities management services for many cloud and data center operators. We have a very diversified portfolio,” says Morin, who oversees roughly 1,000 IT employees within the company’s technology arm but estimates that between 2,000 and 3,000 employees in total are developing, selling or servicing JLL’s software.
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