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This alignment ensures that technology investments and projects directly contribute to achieving business goals, such as market expansion, product innovation, customer satisfaction, operational efficiency, and financial performance. These principles directly influence the organization’s culture and strategic moves.
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.
Combined with an April IDC survey that found organizations launching an average of 37 AI POCs, the September survey suggests many CIOs have been throwing the proverbial spaghetti at the wall to see what sticks, says Daniel Saroff, global vice president for consulting and research services at IDC.
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.
Jim Chilton is an award-winning CIO who serves as the chieftechnologyofficer of Cengage Group, an innovative disruptor in the edtech space. As a business and technology executive, Chilton leverages his unique experiences to drive innovation and optimize technology throughout the company.
Underutilized and/or overprovisioned resources are among the biggest contributors to high cloud costs, says Shreehari Kulkarni, principal consultant with global technology research and advisory firm ISG. Optimizing resources based on application needs is essential to avoid setting up oversized resources, he states.
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. federal agencies.
Weve developed our own agentic AI for code management, says Charles Clancy, CTO at Mitre. The key challenge in our area is there are hundreds of tasks that might not be particularly well automated, says CTO Paul Gaskell. But there are already some jobs specifically in the software development lifecycle poised to be aided by AI agents.
At Emburse, an expense reimbursement company, software developers use code generation tools like Github Copilot and Amazon Q Developer, which integrate directly into developer environments, says Ken Ringdahl, the companys CTO. Our salespeople go out to meet with financial advisors, says Baker. Youve got that down to a science, he says.
As technologies evolve, CIOs still need to build mutual commitment and support for IT initiatives,” says tech consultant and author Gerald Leonard. Imagine you’re a client technologist of the athletics department, and you’re looking for financial information for athletics,” he says.
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.
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.
Pay-as-you-go pricing is a way to reduce financial risk by not locking into long-term contracts. Adnan Masood, chief AI Architect at UST, says unpredictable pricing makes it tough even for CFOs to manage AI spending. That uncertainty creates a challenge for risk-averse companies that must work within budget constraints.
She previously worked at Iron Mountain, where she was Executive Vice President and CTO. She co-founded Trend Micro in 1988 and has been leading the company ever since; first as executive vice president, CTO in 1996, and CEO since 2005. Johnson was named president and CEO of Lumen (formerly CenturyLink) in 2022.Saddled
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.
Few would swap sunny San Francisco and the innovation of Silicon Valley for a train ticketing company serving disgruntled UK commuters, but try telling that to Trainline CTO, Milena Nikolic. There’s a reported international expansion on the horizon, government contracts to win and a new CDO, hired from Meta, now reporting into Nikolic. “I
I know every answer, agrees Dave Curtis, CTO at RobobAI. But no one especially in technology knows everything. Sort decisions by their complexity and impact There are two things you have to consider: the urgency and the importance of the decision, says Efrain Ruh, field CTO for Continental Europe at Digitate.
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.,
And speaking at the Barclays Global Financial Services conference in September, he said gen AI will have a big impact in improving processes and efficiencies. It can give me the top six oil and gas companies in a particular metro region, and the CEO, CFO, and CTO of each organization, and their background,” he says.
As VP of cloud capabilities at software company Endava, Radu Vunvulea consults with many CIOs in large enterprises. Thats particularly true for industries that cant tolerate latency, such as in payment processing and financial services, says Vunvulea. Either way you have control over where your data resides.
The challenges of the past two years “are tipping the scales toward speedier adoption of next-generation ERP systems,” noted a team of analysts led by Neveen Awad in a report published by Boston Consulting Group. “It The HR component of ERP systems will need to account for rapid onboarding, unpredictable hours, and frequent turnover.
Yet unlike his peers, Wiedenbeck’s dual roles — the top technology executive as well as the transformation lead at Ameritas — are often at odds. As chieftechnologyofficer, Wiedenbeck is driving automation and IT modernization to reduce complexity and technical debt.
Stephen Kowski, Field CTO at SlashNext, highlighted the concerning trend of cybercrime evolving into a service-based industry, saying: "The takedown of HeartSender reveals how cybercrime has evolved into a sophisticated service industry, where even non-technical criminals can easily purchase and deploy advanced phishing tools to target businesses.
By Bob Gourley SecureNinjaTV’s Alicia Webb continues coverage of FEDcyber 2013 by speaking with Bandura Systems CTO David Maestas about their PoliWall appliance that can restrict access to networks by country. Bandura Systems is a wholly owned subsidiary of TechGuard Security, LLC. Don’t miss an episode of SecureNinjaTV!
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. Work alongside your CEO to see eye to eye with other executives.
Safeguard contracts: Include clauses in vendor contracts that address service-level agreements (SLAs), response times, and penalties for prolonged outages. Johnston is an experienced financial services and consulting executive who excels at collaborating across teams to deliver results.
Payscale Photos) — Compensation data company Payscale hired two new executives: Nolan Farris as president and chief operating officer, and Raj Cherukuri as chieftechnologyofficer. Farras previously spent more than 14 years at jobs platform Indeed, most recently as chief revenue officer.
Vered was most recently CTO at engineering insights startup Uplevel. LinkedIn Photo) — Andrea James joined precision diagnostics company Oncocyte as chieffinancialofficer. She was most recently chief communications officer at police body camera giant Axon, and previously worked for Tesla in investor relations. —
Some enterprises struggle with executing a critical step in their AI journeys: developing and establishing AI guardrails and ethical policies within their organization, according to the Texas-based non-profit, whose members include Amazon Web Services, Boston Consulting Group, ATB Financial, and Shell.
When Morgan Stanley announced its new generative AI support tools for financial advisors last week, it talked about gaining efficiencies from its notetaking abilities. But those who track the $54 billion financial firm said that its goal is much larger. They are going to be open to potential bias in guidance” litigation, she said.
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.”
A large system integrator or consultancy has responded to their digital transformation challenge with a cookie-cutter approach that doesnt fit their individual needs. Waliur Rahman, a technology advisor to C-suite leaders who has worked as a CIO and CTO, emphasized the importance of adaptability.
“A pragmatic and structured architectural approach when moving to the cloud is critical,” says William Peldzus, senior director and Center of Excellence head with enterprise consulting firm Capgemini Americas. He notes that multiyear contracts can lock unwary clients into expensive, inflexible consumption models.
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.
— 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. Keith Kirk is now Swiftly’s chieffinancialofficer.
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. Strategies to transform IT for digital success include the following.
Financial security company Apex is employing Genpact’s riskCanvas software, which has been integrated with Amazon’s Bedrock gen AI technology, initially for document summarization but eventually it will be used to help prevent financial crimes, says Justin Morgan, Apex’s head of financial crimes compliance.
For the past few years, IT leaders at a US financial services company have been struggling to hire data scientists to harness the increasing flood of incoming data that, if used properly, could improve customer experience and drive new products. Gary Jeter, executive vice president and CTO, TruStone Financial Credit Union.
In a LinkedIn post , Hildyard said that after five years in both CTO and CIO roles “it’s time for me to refresh and take on a new challenge”. He has also been general manager technology with MyLife MyFinance and has held several roles with Me Bank during his five years with the financial institution.
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. This financial year he plans to invest in strengthening the security on endpoints of the devices with employees. Talent retention.
Therefore, always-lurking tech debt gets put on the backburner, says Daniel Saroff, group vice president for consulting and research at IDC. A certain level of tech debt isn’t necessarily bad, Saroff says, just as some financial debt can be useful to organizations. It’s not a sexy subject,” he says.
F5 Chief People Officer Lyra Schramm (left) and ChiefTechnologyOfficer Kunal Anand. (F5 F5 Photos) — Seattle-based application security and delivery giant F5 announced two new executive appointments this week: Lyra Schramm , the company’s new chief people officer, and Kunal Anand , chieftechnologyofficer.
“Today’s CIOs inherit highly customized ERPs and struggle to lead change management 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.
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