McKinsey estimates that AI—and generative AI in particular—could contribute up to $340 billion annually to the global banking sector, accounting for approximately 4.7% of total industry revenues. This includes leveraging AI to significantly enhance financial planning and analysis (FP&A) processes by automating routine tasks such as accounts payable, journal entries, data gathering, and reporting. Early…
Data is the lifeblood of the modern insurance business. It is the central ingredient needed to drive underwriting processes, determine accurate pricing, manage claims, and drive customer engagement. Yet, despite the huge role it plays and the massive amount of data that is collected each day, most insurers struggle when it comes to accessing, analyzing,…
IT modernization is a necessity for organizations aiming to stay competitive. However, the journey toward modernization has significant hurdles. Understanding these barriers and implementing effective solutions is crucial for the journey. Here, we explore the key factors impeding IT modernization and provide recommendations to overcome them (with real-world illustrations of strategies). Legacy systems and technical…
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Source: News
It can be said the CFO and CIO are rowing in the same boat – they have a shared destination (success for the business), but differing priorities can mean sometimes each is rowing at a different pace, or even in a different direction. In addition, since each sits in a different position, they can identify…
Cuando comencé en Novanta hace alrededor de un lustro, mi primera misión fue brindar escalabilidad a nuestras soluciones empresariales, así como desarrollar una hoja de ruta digital para modernizar la huella tecnológica, reducir la deuda técnica y explorar estrategias para garantizar un crecimiento a escala. Novanta es un proveedor líder mundial de soluciones tecnológicas básicas…
Ayesa pisa el acelerador en materia de transformación digital, inteligencia artificial, datos y ciberseguridad. Lo hace con la constitución de un nodo de innovación bautizado como Value Tech Hub, una plataforma para desarrollar y gestionar actividades interrelacionadas y cuya misión pasa por convertirse en el motor de transformación y avance tecnológico en áreas estratégicas. Según…
Cuando se embarcó en un proyecto de modernización del ERP, la segunda resultó ser la vencida para Allegis Corp, que realizó dos implementaciones de ERP en siete años. “Dos implantaciones de ERP en siete años no es para los débiles de corazón”, admite Dave Shannon, CIO de la empresa de distribución de hardware. Allegis había…
CEOs and CIOs appear to have conflicting views of the readiness of their organizations’ IT systems, with a large majority of chief executives worried about them being outdated, according to a report from IT services provider Kyndryl. About two-thirds of CEOs say they’re concerned their IT tools are out-of-date or close to the end of…
As executives shift their attention to 2025, global minds are open — ever so briefly — to focusing on actually understanding and acting on technology trends and opportunities. Those of us who read tea leaves for a living lament the fact that IT trend analysis has, for the past three years, been hijacked by the…