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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). Related: 6 tips for making the most of a tight IT budget Budgeting, IT Leadership, IT Strategy

Budget 145
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AI, predictive analytics top list of hot technologies for banks

CIO Business Intelligence

Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. AI enhances operational efficiency. 5G aids customer service.

Banking 143
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Innovating Services for a Digital, Intelligent Future

CIO Business Intelligence

At the same time, Artificial Intelligence (AI) is quickly becoming recognised as a keystone for future growth. Tackling the challenges of intelligent transformation However, many organisations continue to struggle with tight budgets, resistance to change, and perennial shortages of skill sets and staff.

Banking 127
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CIO exit interview: Michael Ciavarella, swimming against the tide

CIO Business Intelligence

8 in the 2021 CIO50, had what many would consider the unenviable task of bringing a federated, not-for-profit organisation—founded in 1909—into the digital age, through a mindset shift and a scalable architecture, including the deployment and use of artificial intelligence (AI) technologies that enshrined data as king.

CTO 88
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What you don’t know about data management could kill your business

CIO Business Intelligence

This means excelling in the under-the-radar disciplines of data architecture and data governance. Emotionally, culturally, and psychologically data management has to be rebranded — in the words of Sumathi Thiyagarajan , VP of business strategy and analytics for the Milwaukee Bucks — as “joyous” work.

Data 113
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5 things CIOs must understand about AI infrastructure

CIO Business Intelligence

The hardware procurement, significant energy consumption for power and cooling, and maintenance costs can stretch budget constraints upfront if not balanced with deployment timelines and performance requirements. Artificial Intelligence Learn more about Penguin Solutions.

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CIO risk-taking 101: Playing it safe isn’t safe

CIO Business Intelligence

To illustrate, some examples: Applications portfolio rationalization : The most fundamental guiding principle of technical architecture management is to fill each required service exactly once. An unrationalized application portfolio, and for that matter poor rationalization of the other architecture layers, creates, in a word, “risks.”

Insurance 106