Strategic Considerations To Unlock GenAI’s Full Potential

In the domain of generative AI (GenAI), the path to innovation is marked by critical choices. Central to this transformative journey lies a fundamental question: Should you opt for in-house development or procurement from external sources? The forthcoming pages aim to provide comprehensive guidance across the intricate landscape of GenAI, offering profound insights and expert perspectives to facilitate judicious decision-making.

We’ll walk you through assessing your foundational GenAI readiness, the crucial role of data, alignment with business transformation, pricing considerations, and the benefits of strategic partnerships to delve deep into the nuances that will shape your GenAI journey.

The GenAI journey isn’t just a decision; it’s a strategic expedition. It’s time to navigate GenAI with clarity and unlock its full potential. Join us on this transformative adventure.

What if you could see around the corner?

CIO Agenda 2024
EMEA Perspective

IDC FutureScape predictions provide a strategic context that will enable CIOs to lead their organizations through a period of accelerated change and disruption.

This eBook is designed to provide CIOs and digital business leaders with a comprehensive understanding of the critical shifts, strategic imperatives, and emerging opportunities that will shape the digital landscape over the next five years.

Much like financial leverage, tech debt leverage carries risks, and managing it becomes paramount. As with financial leverage, the problem with tech debt arises when it accumulates without making technological payments against that debt over time. As companies become more digital, they need to actively measure and manage their tech debt leverage the same way they do their financial debt leverage. To do this, it is imperative to know how to calculate it and have a common language for discussing it with the executive team and the board. Without both, tech debt is a pure liability that hampers innovation and delays transformative efforts within enterprises.

By proactively measuring and managing enterprise tech debt and establishing a common business language with which to contain that measurement, CIOs can elevate the discussion of tech debt within their organization. This concept enables tech debt to become another lever that can be pulled to help meet strategic goals while the prioritization of efforts to pay tech debt interest is consciously addressed by the executive team.

This Guide outlines the critical steps to turning technical debt into a lever for success:

• First, what is technical debt?
• Why technical debt leverage is important
• Why common language is such a powerful tool
• If you can’t measure it, you can’t manage it!
• Key takeaways for technology leaders

As companies across all industries enter their next phase—one driven by AI—it is a time of great innovation for CIOs. But this new era is marked by factors that must be weighed into technology purchasing decisions:

• Cost efficiency
• Broader IT maturation in the industries
• Macroeconomic pressures and shifts
• Evolving tech buying priorities

As these elements play out with increasing distinction in each industry, tech buyers need to stay current and adapt to emerging trends.

This eBook provides a quick overview of spending forecasts and trends in six specific sectors: Finance, Healthcare, Energy, Manufacturing, Public Sector and Retail.

Gain competitive advantage by leveraging IDC’s expertise to better understand your own customers