Six Ways to Get Responsible AI Governance Right
The huge potential of Artificial Intelligence (AI) comes with the risk of unintended consequences. AI is only as good as the underlying algorithms. And AI algorithms remain susceptible to bias, errors, and misinformation. AI systems can also cause privacy risks and legal violations. The lack of transparency on how the underlying algorithms make decisions leads […]
A CIO’s First Rule for Automation
Automation has become critical for enterprises to remain relevant and competitive in today’s digital age. But automation is also a complex beast. About 30% to 50% of all automation projects fail. The enterprise wastes considerable money and resources and has nothing to show for it. Automation projects fail due to lack of clarity. Many enterprises […]
Why Businesses Cannot Afford to Ignore Cloud Cost Optimisation in 2024?
Cloud adoption is soaring, with businesses migrating more and more operations to the cloud. 85% of large enterprises already have a multi-cloud strategy. The high cloud adoption translates to an increase in enterprise cloud spending. Global spending on public cloud services will reach $679 billion in 2024 and surpass $1 trillion by 2027. Why take […]
How IT Spending and the CIOs Roles are Changing in 2024
Gartner predicts a 6.8% increase in global IT spending in 2024, with the total value touching a whopping $5 trillion. The actual growth is, however, down from the previous quarter’s forecast of 8%. But the increase in spending follows a slower-than-expected 2023. The overall IT spending growth rate for 2023 was 3.3%, representing only a […]
Seven Digital KPIS that the C-Suite Can No Longer Ignore
Businesses usually focus on easily quantifiable metrics, such as sales figures or website clicks. Such analysis reveals the popularity and effectiveness of digital initiatives. But relying only on such traditional KPIs often does not give the complete picture. A social media post may, for instance, become viral. But it need not translate to sustained sales. […]
AI push or pause: What’s the best path forward for CIOs?
Artificial Intelligence (AI) is becoming all-pervasive. A recent Gartner poll reveals that 70% of enterprises are exploring generative AI now, and 19% already have pilot projects underway. The attention around ChatGPT has led to 45% of enterprises increasing their AI investments. Several generative AI foundation models boost various aspects of businesses. For instance, Jasper.ai offers […]
Six Ways CIOs Can Protect Their Organisations from Data-Related Threats
Cybercriminals keep developing new attacks and increasing the intensity of their attacks. They make more targeted attacks than before and expand their net to include smaller businesses. In 2022, 69% of organisations that suffered cyber attacks were victims of targeted attacks. 39% of UK small businesses reported suffering a cyber attack. Most attacks target sensitive […]
How CIOs Can Use Gartner’s S-A-V-E Methodology for Cost Optimisation
Today’s business systems are interconnected, and initiatives rarely succeed in isolation. CIOs need the support of other enterprise stakeholders to identify and implement cost savings ideas. To implement their plans, they may need the expertise or resources of others in the enterprise. For instance, if they do not get support from the finance team, they […]
Four Ways CIOs Can Minimise Costs to Recession-Proof Their Business
A recession is around the corner. Almost eight out of ten CEOs expect a recession within the next 12 to 18 months in their region of operations. A recent Deloitte survey reveals nearly 50% of CFOs expect the US economy to be in recession in 2022. Almost four out of ten CFOs also believe the […]
How CIOs Can Accelerate Growth with a Cloud-First Mindset
The cloud has become inevitable for enterprises in today’s digital-first world. Cloud adoption progressed steadily over the last decade. Enterprises adopted the the cloud for scalability, cost advantages, and other benefits. The pandemic gave cloud migrations a turbo boost, and the cloud became the dominant infrastructure. With stay-at-home orders kicking in, enterprises scrambled to migrate […]
How Artificial Intelligence Can Help Your Business Reduce Compliance Costs
Investment in Artificial Intelligence (AI) recoups in a short while through improved efficiencies. CIOs in regulated industries reap returns using AI to cut compliance costs. Regulations are a part of doing business, especially for companies in the financial and health sectors. Most businesses have to comply with many regulations, which are in place to protect […]
The CIO’s World in 2025: What Will Change
The CIO is already a vital cog in the post-pandemic digitally-driven enterprise. By 2025, CIOs will play a more strategic role than they do today. Enterprises will rely on the CIOs to harness technology as critical competitive weapons. 1. Taking the lead in digital transformation CIOs have taken the lead in rolling out digital transformation. […]
