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IT as a catalyst for business transformation: Strategies for CIOs

CIO Business Intelligence

Where the widespread adoption of SaaS previously distributed IT and lines-of-business selected and implemented their own applications, the pendulum is now shifting back with CIOs pursuing large-scale transformations to drive value and re-centralize operations.

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McDermott data innovations fuel business transformation

CIO Business Intelligence

Global Vice President and CIO Vagesh Dave says IT advancements in the cloud, analytics, and data management have transformed McDermott – and its industry – into an innovation engine. The company’s data lakes in the cloud, which, along with associated tools such as analytics and AI, is what has facilitated McDermott’s IT transformation. “Say

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AI, predictive analytics top list of hot technologies for banks

CIO Business Intelligence

Another area of interest is microservices, the market research firm said, adding that almost 35% and 33% of developers in financial services use microservices and containers, respectively. Gartner highlights AI trend in banking. Interest in microservices remains relatively low compared to AI and analytics, however.

Banking 145
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8 strategic imperatives for SAP transformation success

CIO Business Intelligence

The rise of business transformation initiatives has IT leaders rethinking the way they evaluate, select, and negotiate technology and IT services deals today. Several dynamics are fueling this trend. Re-examining hyperscaler partnerships. Organizations must also re-evaluate their cloud strategy.

SAP 96
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Five-Pillar Framework to Develop the Platform Business

Future of CIO

Here are five essential pillars to build a solid framework for developing a powerful platform business. The business architecture tends to focus on current business state evaluation, gap analysis, capability assessment, and development of the business transformation roadmap to reach a reasonable target future state.

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6 best practices for better vendor management

CIO Business Intelligence

To build a stronger relationship with vendors, “CIOs should bring them into the fold regarding their priorities and potential concerns about what may —or may not — lie ahead, from a regulatory perspective or the general economic climate, for example,” says Kevin Beasley, CIO at VAI, a midmarket ERP software developer. “A

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What is digital transformation? A necessary disruption

CIO Business Intelligence

Digital transformation defined Digital transformation has become a catchall term for describing the implementation of digital technologies to re-engineer existing processes or develop new services that better engage customers, support employees, improve business operations, and drive business value to the organization’s bottom line.

Strategy 137