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5 top ERP trends for 2022 — and their implications for IT leaders

CIO

Customization gives way to standardization The traditional practice of enterprise technology leaders customizing an ERP solution to meet their specific enterprise or business needs is giving way to implementing an off-the-shelf solution. This is cumbersome and leads to additional cost.

Trends 363
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Unlocking generative AI’s greatest growth opportunities

CIO

In fact, our team has been working with generative and conversational AI in complex professional services applications like insurance, banking, and healthcare for the better part of a decade, and we’ve learned some important lessons along the way. Where will the biggest transformation occur first?

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Transforming IT culture for business success

CIO

Giving people access to free pizza or dry cleaning is not about building culture — it’s a way of getting people to stay in the building for long hours and to do a hard job,” contends Tim Wenhold, chief innovation officer, COO, and partner at Power Home Remodeling. Back in the day, IT culture was all about the perks.

Culture 321
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AI adoption accelerates as enterprise PoCs show productivity gains

CIO

We don’t want to just go off to the next shiny object,” she says. “We To be successful, an AI proof of concept (PoC) project also needs to make good business sense, says CIO Vikram Nafde, CIO at Connecticut-based Webster Bank. Webster Bank is following a similar strategy. We want to maintain discipline and go deep.”

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Low code/no code tools reap IT benefits—with caveats

CIO

Experimenting with user interfaces, delivering new services Sendinblue, a provider of cloud-based marketing communication software, uses low code workflow automation, data integration and management tools to quickly experiment with features such as new pricing plans, says CTO Yvan Saule. It’s for speed to market,” says CTO Vikram Ramani.

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Spend management space sees a large raise, and layoffs, in the same week

TechCrunch

Axios reported last week that Teampay, a corporate card company, confirmed it laid off 30% of its 100-person staff “in two instances in recent months.” Welcome to The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence.

Fintech 228
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6 tips for making the most of a tight IT budget

CIO

For example, CIOs can buy an off-the-shelf system that costs X in license fees today and 20% of X every year as long as they are using it or they could choose to build the system in a manner where instead of X they incur 1.5X The year 2023 seems to be no different. Despite an estimated increase to IT budgets of 5.1%

Budget 345