article thumbnail

6 best practices for better vendor management

CIO

And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.

article thumbnail

Vendor management: The key to productive partnerships

CIO

What is vendor management? Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

10 best practices when partnering for strategic skills

CIO

IT leaders must rigorously assess their partners’ talent management and development strategies, build greater trust and transparency into the relationships, and invest in greater partner governance. Many of the new skills are in rare supply, as are team leaders experienced in this new development paradigm.”

article thumbnail

10 highest-paying IT jobs

CIO

The demand for specialized skills has boosted salaries in cybersecurity, data, engineering, development, and program management. 1. IT management It’s no surprise that IT executive positions earn some of the highest average salaries, with Dice reporting an average yearly salary of $164,814 in 2022 — an 8.4%

article thumbnail

10 hottest IT jobs for salary growth in 2023

CIO

This demand has driven up salaries for IT roles, especially those around development, engineering, and support. Key skills for the role include resource allocation, risk and change management, quality assurance, communication, and leadership and team building. Average salary: US$120,653 Increase since 2021: 15.6%

article thumbnail

Travelex leverages cloud-based customer data platform to boost retention

CIO

To do so, they developed a cloud-based customer data platform (CDP) that allows them to bring in and analyze third-party data and combine it with their own data so they can flag unused balances. CIO, Data Management, Data Quality, ICT Partners, IT Leadership, Travel and Hospitality Industry, Vendor Management

Cloud 130
article thumbnail

CIOs still grapple with what gen AI can do for the enterprise

CIO

The self-service chatbot developed at Albemarle evolved into a tool to help with other corporate functions, which then developed into a virtual personal assistant that manages federated workflows, making it easier for employees to work with several systems at once without having to log into all of them. “It