Business Technology Roundtable

Is your leadership team ready to move beyond the consideration phase and harness the transformative power of Generative AI (GenAI), or are you trapped in analysis paralysis? Deloitte's latest quarterly report on "The State of Generative AI in the Enterprise" provides a comprehensive look at how organizations are navigating the GenAI adoption call to action.  The Q3 2024 survey of 2,770 leaders across 14 countries offers valuable insights into the current state of GenAI implementation, challenges, and future outlook. It's insightful reading. Building on Initial GenAI Success Organizations are seeing early value from their strategic GenAI initiatives, with 67 percent increasing investments due to strong business outcome results. While improved efficiency, productivity, and cost reduction remain top priorities (cited by 42 percent as the most important benefit), a majority (58 percent) report diverse benefits such as increased innovation, improved products, and enhanced...

Are your board of directors and executive team ready to transform your business with the latest technology, or will you be left behind as your competitors accelerate their adoption? The transformative power of Generative AI (GenAI) applications is impacting industries across the globe, promising not only enhanced efficiency but also new avenues for value creation. According to the latest research by PwC , a significant 70 percent of CEOs anticipate that GenAI will fundamentally change how their companies operate in the next three years. Let's explore the key insights from PwC's report, focusing on the GenAI "Value Realization Flywheel" and its implications for businesses seeking to harness this methodology. The Promise of GenAI Across Industries Generative AI is poised to revolutionize various business sectors, with software companies potentially seeing a 20 percentage-point increase in their profit margins. Even industries with modest projected gains, such as transp...

The anticipated benefits from adopting managed cloud services have reached the executives suites of many corporations. Proactive CEOs and CFOs are pushing their IT leadership team to seek out actionable information and guidance. There's also a constant stream of service providers announcing new offerings -- and the momentum is becoming a global phenomenon. As a result, Forrester Research has witnessed an expanding number of client inquiries around cloud computing. The acceleration in market development has been building for some time now. Forrester analysts responded to more than 264 client inquiries about cloud computing between January 2008 and April 1, 2009 from companies of all sizes and industries. IT Teams are Adopting Cloud Strategies Once considered a niche business technology where awareness was viewed as optional, Forrester now says that knowledge of cloud computing has become an IT organization necessity. Interest is fueled by expectations of major cost savings, scalab...

All business has become global. Companies of any size can now market products and services worldwide over the Internet. At the same time, competition has intensified because customers can investigate global competitors with ease. To compete effectively in the global networked economy, companies need new capabilities: Global procurement and sales 24 hours a day. Integrated internal and external business processes. Up-to-the-minute access to sales, order processing, production, and other business critical information required for informed decision making. Flexible processes that can adapt dynamically to changes in the business climate. The application of Business Technology is now a primary enabler of strategic advantage. However, chief executives have become impatient, as their companies have failed to keep pace with these advances. There are alternatives, for those who choose to act. The managed services model can be applied to accelerate this much needed change. Review the following ...

New studies demonstrate the pros and cons of Business Technology deployments, especially as they relate to IT investment strategies. First, the downside: in a recent study of IT management excellence, the results showed the continuing disconnect between finance and IT roles, and the value each one brings to the organization. As the report states: "The lack of alignment within organizations is exacerbated by a lack of awareness on the part of both IT and finance about their own contributions to the problem. Nearly one-quarter of the respondents report that discord between IT, business, and finance is a frequent occurrence when making IT investments." Why Clear IT Processes Matter Lack of alignment is triggering a bigger cascade of problems relating to IT investment. For instance, sometimes companies excuse their lack of IT investment due to limited budget and resources. In reality, "companies are unsure how to define or implement management processes, therefore they are u...