Business Technology Roundtable

As artificial intelligence (AI) reshapes the business technology arena at breakneck speed, a fascinating paradox emerges: the more sophisticated our AI tools become, the more crucial human skills become in determining organizational success. The latest Fortune AIQ Advisory Board survey reveals that forward-thinking companies are investing in AI tools and fundamentally reimagining their approach to talent acquisition, employee development, and organizational culture around AI capabilities. This shift represents more than a technological upgrade; it's a fundamental transformation in how businesses conceptualize competitive advantage. The companies that will thrive in the AI-driven economy are those that recognize AI proficiency as a core competency, not merely a nice-to-have technical skill. The New Enterprise Hiring Paradigm The survey data paints a compelling picture of this transformation. An overwhelming 69 percent of respondents consider AI skills either "very important...

The digital business sector is at a pivotal moment, particularly with Generative AI (GenAI) emerging as the most defining value-creation trend of 2024 and beyond. Are you prepared? Bain & Company's latest Technology Report provides a comprehensive look at how AI reshapes the industry landscape, creates new opportunities, and delivers tangible results for enterprises across sectors. As an independent industry analyst and consultant, I find the report's insights on enterprise opportunities with GenAI applications particularly enlightening and compelling. This transformational technology is driving meaningful and substantive business outcomes. It now has the potential to revolutionize how companies operate and compete globally. The Strategic GenAI Imperative Generative AI has moved firmly into the mainstream, with cloud service providers, enterprises, and technology vendors increasing their GenAI investments to unprecedented levels.  However, as with any transformative busine...

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...

How can applied technologies advance digital business growth and unlock strategic competitive advantages? Here's a proven approach. In the rapidly evolving commercial landscape of artificial intelligence apps, Generative AI (GenAI) tools have delivered unprecedented results. As a C-suite executive, understanding these innovative GenAI technologies can empower you to act decisively. Why now? It's a leadership imperative. A recent comprehensive study of GenAI Prompting techniques offers valuable insights that can be directly applied to enhance your organization's AI strategy. Strategic Importance of Structured Prompting At the core of interacting with Generative AI tools lies the concept of Prompting - the art and science of crafting inputs that guide GenAI tools to produce desired outputs. The study reveals that well-structured prompts consistently lead to improved results across a wide range of tasks. This finding underscores the critical need for organizations to develop ...

Some executives have taken the lead, while others sit on the sidelines. The global business landscape is undergoing a seismic shift driven by Generative Artificial Intelligence (GenAI). New GenAI tools, with their ability to produce human-quality text, code, and multimedia content, present a once-in-a-generation opportunity for you to propel your organization toward unprecedented innovation and value creation. The Gap Between Leaders and Laggards is Widening A recent McKinsey report paints a concerning picture: companies with robust digital and AI capabilities are already accelerating ahead of many traditional competitors. These leaders boast total shareholder returns two to six times higher across sectors. This isn't simply a coincidence. It's a testament to the compounding advantage gained by those who've invested in building a comprehensive AI arsenal. These organizations have transformed themselves into AI powerhouses. From crafting strategic roadmaps to cultivating spe...

As founder of the Business Technology Roundtable, I can advise senior executives on rapidly emerging technologies and their potential impact on digital business transformation. One of the most significant and potentially disruptive technologies today is Generative Artificial Intelligence (GenAI). Powered by advances in machine learning, this technology refers to AI systems that can generate new content, such as text, images, audio, video, and more in response to prompts from humans.   The pace of advancement in Generative AI has been astounding. Since the public release of ChatGPT in November 2022, tool capabilities have continued to grow at breakneck speed. Business interest has followed suit – attracted by the vast potential to drive efficiency, productivity, innovation, and digital business growth. However, along with the enthusiasm, important questions remain regarding effective adoption approaches, risk management, workforce retraining, and ethical implications. To better...

Senior executive expectations have been raised for traditional IT organizations that broker cloud computing services for their internal business stakeholders. Besides, there's a belief that the lack of dimension maturity can slow digital service innovation outcomes. As a result, International Data Corporation (IDC) now predicts that by 2016, 65 percent of global competitive strategies will require real-time IT-as-a-Service (ITaaS) solutions. The ability of CIOs and their  IT organizations to grasp how business wants cloud computing services that serve actual business needs -- not traditional IT components -- is significantly altering the ways in which service management is achieving success. Quest for Competitive Strategic Advantage New business technologies are fundamentally altering how IT organizations function, how business is conducted, and how enterprises compete in the marketplace. IDC believes that this environment requires IT to deliver services that are focused o...

Most forward-looking CEOs have already made their move to prepare for the future that they foresee – where business technology is a key deciding factor for them to attain ongoing commercial prosperity. This new digital-propelled environment will profoundly change business processes, along with the need for accelerated tech-savvy human capital development across all industries. Those leaders that catch the next wave of Internet-driven market development will reap the rewards of the expanding Global Networked Economy. They’ll achieve a quantum boost in performance. And they’ll reach their lofty goals by harnessing the unique competitive advantages of cloud computing services , mobile enterprise applications and other targeted business technology investments. Welcome to the Internet of Everything Worldwide IT spending is forecast to surpass $3.9 trillion in 2015 – that’s a 3.9 percent increase from 2014. Business technology spending will be driven by Digital Business practitioners, ...

What if you could deploy a new IT service shortly after you defined the requirements? And, just imagine the bliss, if your IT spend could directly translate into a competitive advantage. Predicting the ROI would be relatively easy. You would be the envy of your peer group. Unfortunately, as most senior executives already know, it's never that simple. Typically, you perform the technology assessment due diligence up-front, you place your bets based upon the most compelling guidance, and then you closely monitor the results. It's an iterative process, where confidence builds over time. Maybe that's why new business technology spending tends to be aligned with a past success. But this procurement model doesn't adapt very well in response to unanticipated significant market events or the rapid acceleration of unplanned technology migrations. Moreover, tight budgets and other resource constraints can severely limit an organization's ability to react quickly to chan...

Recovery from the financial crisis in Europe continues across the whole region. Granted, there are structural reasons for the eurozone economy's slow recovery. Regardless, savvy senior executives in leading nations are actively seeks ways to grow their business. For some that means a shift to cloud computing services -- thereby lowering operational costs and boosting productivity. As an example, forward-looking UK businesses are becoming more competitive as a direct result of their adoption of cloud services, that's according to the latest market study findings from the Cloud Industry Forum (CIF). Quest for a Competitive Advantage The CIF research -- conducted in May 2014, polling 250 senior IT managers and other business decision-makers -- found that 55 percent of managers report having experienced a competitive advantage from using cloud services. A further 23 percent of surveyed managers anticipate seeing a meaningful commercial advantage from their cloud service depl...

Senior executives at progressive companies have been on a mission -- they're raising the bar of expectations for leaders of their significant investment in business technologies. Providing reliable access to IT resources and reporting on system up-time objectives are unlikely to gain recognition or rewards from the savvy CEO. They now require a direct impact on business-related goals and anticipated outcomes -- with no excuses. Granted, many CIOs and IT managers have made progress in their efforts to better align their IT operations with their Line of Business leader's ongoing demands. But despite this progress, according to the results of a survey announced by Red Hat, obstacles remain before the vision of true IT and business integration can be fully realized. The survey results provide insight into the progress IT leaders have made in assuming more strategic roles -- as well as into the challenges they continue to face -- but also raises fundamental questions about how C...

You may recall, we've reported on the compelling cost savings associated with TelePresence service usage. It's proven to be a key motivator for increasing adoption. That said, a new market study has uncovered value-added benefits -- such as building trust, improving group collaboration, and increasing competitive advantage. Cisco unveiled the findings of a global study of perceptions of video collaboration technologies in the workplace. The research, conducted by Ipsos Mori , polled an international sample of workers from across 12 countries and found that the benefits of TelePresence and video conferencing are extending well beyond the highly touted benefits of cost and travel reduction. Among the key findings, 90 percent of respondents believe video collaboration saves them at least two hours of valuable work time a week. One-third of respondents who frequently use video collaboration solutions estimate they save close to one full day -- seven hours or more -- per week....

European business leaders believe their companies are more vulnerable to IT-enabled market disruptions than companies in other parts of the world, according to a new market study by McKinsey & Company . McKinsey found that 74 percent of European business leaders believed their company was 'very' or 'extremely' exposed to IT-based market disruption. Regardless, only 18 percent of European IT executives believed their companies were 'very effective' at introducing business technology faster and better than their competitors. According to the McKinsey assessment, European companies need to grasp the opportunity to make bold, transformative moves to ensure their business continues to thrive within the " New Normal " environment of ICT-empowered borderless commerce. A significant number of businesses have recognized the need to adapt, with 31 percent of European executives saying the development of new products and services in response to changing consu...

Cloud computing is all about new technology, right? Well, perhaps that depends upon your point of view -- as an application developer, or a business decision maker. Private Cloud development will grow during the coming year, with 48.9% of developers expecting to deploy applications (via their on-site data center), according to a survey of 500 software developers by Evans Data Corp . Their survey showed that 29.7% are currently working on applications destined for a private cloud environment, while an additional 19.2% expect to enter development within the next 12 months. Taking Baby Steps with Cloud Computing "Software developers are finding many reasons to develop software for the cloud, whether for a private cloud or public cloud," said John Andrews, President and CEO of Evans Data. "Not surprising, while developers want to take advantage of the cloud, our research indicates a strong preference for them to favor a cloud related development environment to simply extend ...

Have you ever wondered if your company's utilization of Business Technology is in line with the creative market leaders? The Harvard Business Review recently published an interesting commentary by Susan Cramm entitled "How to Support Your IT Innovators." Ms. Cramm believes that to realize the full potential from business technology, all enterprises need IT-smart business leaders -- up, down, and across the organization. According to the results of her ongoing survey , however, business leaders apparently don't feel very smart about their IT adoption and application practices. Only 11% personally use and fully leverage the capabilities of the technology currently in place. 50% agree with the statement that "business leaders don't understand how to use their systems and technologies." And, only 25% of business leaders consider themselves "IT-smart." Liberate the Business Technology Innovators One person she interviewed said "business groups...

While most business leaders globally are planning on keeping their IT budgets flat and there will be no growth in 2009, a recent market study by analyst firm Datamonitor reveals that in some countries, people are much more confident about their future outlook -- with planned IT budget increases exceeding the decreases. “It is clear there has been a noticeable decline in enterprise confidence. However, the findings are not as negative as might have been expected”, says Daniel Okubo, technology analyst with Datamonitor. “Despite the rise in the proportion of IT budgets which are remaining flat, there are still a sizable proportion of enterprises which are planning to increase IT expenditure. Technology vendors should be keenly aware that the economic conditions of a country directly impacts enterprise IT budgets.” Reacting to the Downside Datamonitor surveyed 520 IT decision makers towards the end of 2008 to gain a better understanding of how business and IT decision makers are reacting...