(Image credit: Getty Images) A successful digital transformation can be the spark a company needs to unlock healthy growth and new markets, but before this can happen the c-suite needs to be aligned on the long-term benefits of digital transformation. The chief information officer (CIO) is ultimately responsible for making this case. Although many companies have reduced IT spending of late, 81% of enterprise technology decision-makers anticipate their company’s investment increasing again in the next year, according to Forrester . Around half, too, expect to see their AI budgets grow by at least 5%. A business leader is discussing matters with her team The changing role of the CIO Yet some companies are just as wary about throwing money at generative AI and other technologies that can help scale digital transformation efforts. Research from IDC published in 2022 found it isn’t hesitancy among CEOs and board sponsorship per se that’s the problem. Rather, a general lack of awareness about the return on investment (ROI) can create a lack of confidence among IT teams, which in turn impacts buy-in. This is where the CIO comes in. The CIO should lead the way The role of the CIO is to act […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
