How Much Should Companies Spend on Technology: Guide to IT Budgeting
From enhancing productivity and streamlining processes to improving customer experience and boosting profits, it can help businesses thrive in the competitive market landscape. However, organizations often find it challenging to determine how much and how to spend on technology. With so many options and advancements available, knowing what to prioritize and how much to budget…
Transforming Text to Video: How OpenAI’s Sora Can Help in Product Storytelling
The text-to-video AI market has experienced remarkable growth and is anticipated to expand significantly, potentially reaching $0.9 billion by 2027, with an impressive Compound Annual Growth Rate (CAGR) of 37.1 percent. At the forefront of this transformative trend is OpenAI’s Sora, a cutting-edge tool that seamlessly converts textual content into dynamic video narratives. Built…
Balancing Innovation and Risk Management as a CTO
In today’s rapidly evolving business landscape, CTOs hold a crucial role in managing innovation and leveraging it for business success. However, they can also be in conflict, as pursuing novel and creative solutions can entail uncertainty and potential failure, that CTOs must skillfully handle to drive growth and maintain a competitive edge. Navigating innovation while…
How to Boost Tech ROI through Data Governance
In the landscape of tech leadership, characterized by rapid innovation cycles and heightened regulatory scrutiny, data governance emerges as a linchpin for organizational resilience and growth. Beyond its foundational role in ensuring data integrity and compliance, effective governance frameworks empower CTOs to navigate complex challenges with confidence, driving operational excellence and fostering a culture of…
How to Tackle Technical Debt: A Guide for CTOs
If you have been in the IT industry for any period, you may have encountered the term ‘Technical Debt’. Also known as ‘design debt’ or ‘code debt’, the phrase is widely used in software development. Technical debt typically occurs when developers opt for a more limited solution than what was initially promised, often to save…
What’s Coming in the Future of Voice Assistants?
In a decisive move set to redefine the future of voice assistants, Apple is poised to unveil a transformative upgrade to its flagship AI, Siri. Leveraging cutting-edge generative AI and large language models, the Cupertino-based tech titan aims to empower users with unprecedented control over app functions through intuitive voice commands. Scheduled for initial…
Microsoft and LinkedIn Release the 2024 Work Trend Index
As AI becomes ubiquitous in the workplace, employees and businesses are under extreme pressure to show immediate ROI; however, many lack a plan and vision for an AI-driven workplace. To help leaders and organizations overcome AI inertia, Microsoft and LinkedIn jointly released the’ 2024 Work Trend Index Annual Report, “AI at Work Is Here. Now Comes…
Explore a CTO Strategy Roadmap to Establish Credibility in Six Steps
Transitioning into the Chief Technology Officer (CTO) role demands a multifaceted approach beyond technical expertise—it requires visionary leadership and a keen understanding of how technology intersects with business strategy. The foundation of effective leadership lies in a thorough comprehension of the business landscape. For new CTOs, this entails immersing oneself in the intricacies of the…
Upcoming Global Metaverse Events in 2024
Metaverse, a virtual world created by the convergence of Virtual Reality (VR), Augmented Reality (AR), and the internet, is transforming how we experience life. It is a space where people can interact with each other, work, play, and learn in a virtual environment. This interconnected digital universe has the potential to revolutionize social interactions, entertainment,…
Legislating Tech: New York Bans ‘Addictive Feeds’ for Teens
Expected to be signed into law by Governor Kathy Hochul, the legislation ‘Stop Addictive Feeds Exploitation (SAFE) for Kids Act, marks a striking moment in tech platform regulation. The SAFE for Kids Act mandates that social media giants like TikTok and Instagram cease the use of what they define as “addictive recommendation algorithms” for users…