Ontotext

DECEMBER 1, 2023

So, KGF 2023 proved to be a breath of fresh air for anyone interested in topics like data mesh and data fabric , knowledge graphs, text analysis , large language model (LLM) integrations, retrieval augmented generation (RAG), chatbots, semantic data integration , and ontology building.

Metadata 78

Metadata Sales Consulting Enterprise 78

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. Expion hasn’t yet calculated the potential new business created, but the tool will save the company the cost of about 1.5 data analyst FTEs.

IT 92

IT Cost-Benefit Insurance Unstructured Data 92

Jet Global

JUNE 22, 2023

Some of our most popular CFO backed posts: Best CFO KPIs and Dashboards for the 2023 CFO The Remote CFO’s Guide to Closing the Books from Home Crisis Planning for the Short and Long Term: Advice from Leading CFOs Generation CFO Link: [link] Generation CFO is not interested in the traditional operational structure of corporations.

KPI 105

KPI Finance Dashboards Digital Transformation 105

IBM Big Data Hub

MAY 17, 2024

” Given the statistics—82% of surveyed respondents in a 2023 Statista study cited managing cloud spend as a significant challenge—it’s a legitimate concern. An examination of cloud capabilities and maturity is a key component of this digital transformation and cloud adoption presents tremendous upside.

Modeling 82

Modeling Cost-Benefit Optimization Digital Transformation 82

CIO Business Intelligence

NOVEMBER 8, 2023

It is estimated by the end of 2023, 31% of organizations expect to run 75% of their workloads 2 in the cloud. 1 The rapid migration to the public cloud comes with numerous benefits, such as scalability, cost-efficiency, and enhanced collaboration. 6 On top of that, the average cost of a data breach is over $4.4

Cost-Benefit 127

Cost-Benefit Risk Digital Transformation Reporting 127

CIO Business Intelligence

MARCH 6, 2024

Manufacturing in particular has become a bigger target for bad actors; in fact, it was one of the sectors most impacted by extortion attacks, according to Palo Alto Networks’ 2023 Unit 42 Extortion and Ransomware Report. While time is of the essence for companies in this transformation process, cybersecurity must not be an afterthought.

ROI 119

ROI Manufacturing Cost-Benefit IoT 119

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode. This is an issue for CIOs. It’s not a hammer.

Strategy 94

Strategy Risk Enterprise Risk Management 94

Cloudera

JANUARY 5, 2023

In the past year, businesses who doubled down on digital transformation during the pandemic saw their efforts coming to fruition in the form of cost savings and more streamlined data management. How this strategy looks depends on the organization’s unique business needs as one affects the other.

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

CIO Business Intelligence

MARCH 5, 2024

Transformation should be completed quickly, without getting lost in the minutiae, says Ingo Elfering, group CIO of Fresenius. It’s better to do it quickly, like taking a Band-Aid off, even if it hurts for a short time,” he summed up at the recent Hamburg IT Strategy Days 2024. Today, we have effective, cost-effective IT,” he says. “We

IT 100

IT Digital Transformation Cost-Benefit Strategy 100

CIO Business Intelligence

NOVEMBER 8, 2023

in September, 2023, the price pressures facing IT have persisted. The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. in June, 2022, to 3.7% Here’s how.

IT 121

IT Cost-Benefit Digital Transformation Software 121

CIO Business Intelligence

FEBRUARY 16, 2024

For most organizations, a shift to the cloud brings scalability, access to innovative tools, and the possibility of cost savings. When you’re introducing many new applications, the ease of getting them up and running and lowered costs [on the cloud] is tremendously beneficial,” he says. An early partner of Amazon, the Roseburg, N.J.-based

Digital Transformation 109

Digital Transformation Experimentation Cost-Benefit Machine Learning 109

CIO Business Intelligence

JANUARY 3, 2024

AI First in the Contact Center IBM Consulting and Amazon Web Services (AWS) are working together to bring an AI-first strategy to contact center transformation. The solution is cloud based, scalable, cost-effective, and easy to implement and manage. Digital Transformation

Insurance 108

Insurance B2B Consulting Cost-Benefit 108

CIO Business Intelligence

FEBRUARY 29, 2024

Everest Group, which monitors 8,500 captive centers around the world, counted 452 new setups in 2023. Captive centers are no longer just means of value creation, providing cost savings and driving process standardization. The upside of captives today Some benefits of captive centers are the same as ever.

Cost-Benefit 107

Cost-Benefit Risk Modeling Strategy 107

CIO Business Intelligence

DECEMBER 29, 2023

With the merging of operational efficiency and embracing new technologies, today’s CIOs are under increasing pressure to do more with less and become both technologists and business leaders, says Sunny Azadeh, CIO at digital services company GlobalLogic. “In

Cost-Benefit 132

Cost-Benefit Digital Transformation Consulting Strategy 132

CIO Business Intelligence

APRIL 11, 2024

In 2023, nearly one-third of U.S. Because AI can crunch down and produce actionable data in seconds to significantly improve operational efficiency, cost optimization, service delivery, and compliance. What are the business benefits of innovation in government? Digital Transformation The choice is obvious.

Cost-Benefit 91

Cost-Benefit Predictive Analytics Data-driven Risk 91

IBM Big Data Hub

NOVEMBER 30, 2023

The cyberthreat landscape is evolving and countries such as India are facing an alarming rate of increase in cyberattacks ( Q2 of 2023 saw a 90% increase ). Driven by accelerated hybrid cloud adoption and digital transformation efforts, the region is currently a beacon of innovation and a battleground for cyberthreats.

Cost-Benefit 73

Cost-Benefit Digital Transformation Data-driven Strategy 73

CIO Business Intelligence

JANUARY 16, 2023

Choice Hotels International’s early and big bet on the cloud has allowed it to glean the many benefits of its digital transformation and devote more energies to a key corporate value — sustainability, its CIO maintains. It also helped reduce energy consumption and costs.

Cost-Benefit 138

Cost-Benefit Digital Transformation Data Warehouse Data-driven 138

CIO Business Intelligence

FEBRUARY 17, 2023

In fact, the 150-year-old OEM used the business slowdown to develop its digital transformation strategy to reinvent itself internally and grow the internal value of the company, as well as the external value it provides its customers, says Mike Lee, senior vice president and CIO of Konica Minolta Business Solutions USA.

Digital Transformation 105

Digital Transformation IoT Manufacturing Sales 105

CIO Business Intelligence

SEPTEMBER 25, 2023

Its challenge was not the typical digital transformation from within, which was already under way at the time, but a shift of its product offerings from industrial control hardware to software-as-a-service priced with a subscription-based maintenance model its customers were adopting with other partners.

Modeling 99

Modeling Manufacturing Digital Transformation Cost-Benefit 99

CIO Business Intelligence

OCTOBER 23, 2023

As a result, most IT functions have seen budget increases, support for more staff, and higher involvement in shaping enterprise strategy , according to multiple reports. Strategies to transform IT for digital success include the following. Consider the findings of a report from professional services firm Accenture.

IT 131

IT Consulting Scorecard Key Performance Indicator 131

CIO Business Intelligence

FEBRUARY 13, 2023

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. At the same time, they are defunding technologies that no longer contribute to business strategy or growth. This should secure our business strategy for the next five years and longer.”

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

JANUARY 9, 2024

IT leaders say they’re discussing everything from the costs of AI implementations to whether AI is the existential threat to humanity some fear. The October 2023 CEO Outlook Pulse from professional services firm EY reported that 99% of chief executives were planning to invest in generative AI.

IT 121

IT Risk Cost-Benefit Enterprise 121

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Specific types of sourcing minimize costs in different ways.

Cost-Benefit 86

Cost-Benefit Scorecard Risk Recreation/Entertainment 86

CIO Business Intelligence

JANUARY 5, 2024

Then in March, the pandemic hit and hotel activity stopped, but it gave us the chance to accelerate the company’s transformation and digitalization process that started in 2018 with a five-year plan. This plan covers from 2018 to 2023. You mentioned assembling a new data strategy to restructure the company. It’s exciting.

IT 105

IT Finance Cost-Benefit Strategy 105

CIO Business Intelligence

JUNE 16, 2023

For MoneyGram International, migrating workloads from the mainframe to the cloud has been a boon for the bottom line — and a lifeline against increasing market disruption from digital money-transfer upstarts. Vaughan’s multicloud strategy is targeted to grow revenue and profits. But that has changed. “We

Digital Transformation 94

Digital Transformation Cost-Benefit Marketing Strategy 94

Cloudera

OCTOBER 30, 2023

Agility, innovation, and time-to-value are the key differentiators cloud service providers (CSP) claim to help organizations speed up digital transformation projects and business objectives. The main challenges are pointed out as a lack of resources/expertise, security, and from a different perspective, cloud cost management.

Analytics 75

Analytics Cost-Benefit ROI Business Objectives 75

CIO Business Intelligence

APRIL 20, 2023

His concerns are backed up by the Intergovernmental Panel on Climate Change (IPCC), which on March 20, 2023, said it’s unlikely the world will keep to its Paris Climate Accord promises. They can cut costs and generate additional revenue streams.” This will have a knock-on environmental benefit.

Consulting 86

Consulting Cost-Benefit Insurance Finance 86

CIO Business Intelligence

SEPTEMBER 25, 2023

Digital transformation has become an essential part of business success. According to TEKsystems’ 2023 State of Digital Transformation , 41% of organizations’ digital transformation (DX) initiatives have failed to achieve their desired outcomes. That’s not digital transformation.

Digital Transformation 143

Digital Transformation Measurement Data-driven Metrics 143

IBM Big Data Hub

JANUARY 16, 2024

Listen: The Art of AI featuring a Financial Industry perspective with Citigroup Trend: Generative AI One of the, if not the, biggest technological advancements made in 2023 was generative AI. Trend: Customer experience One true benefit of AI-powered technology is the customer experience , or CX. One example of this is in insurance.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

IBM Big Data Hub

DECEMBER 18, 2023

As enterprises look to address these requirements and achieve growth while adopting innovative AI and hybrid cloud technologies, IBM will continue to meet clients wherever they are in their journeys by helping them make workload placement decisions based on resiliency, performance, security, compliance and cost. All rights reserved.

Digital Transformation 70

Digital Transformation Risk Data Processing Enterprise 70

IBM Big Data Hub

NOVEMBER 8, 2023

At the beginning of the year, we laid out a new strategy for IBM Power under the leadership of Ken King, who will be retiring by the end of 2023 after forty years with IBM. Oracle will be releasing Oracle Database 23c on Power , as part of their next Long Term Release as reported in April 2023.

Strategy 98

Strategy Cost-Benefit Data-driven Digital Transformation 98

CIO Business Intelligence

MAY 26, 2023

When Reliance Polyester — a subsidiary of global conglomerate Reliance Industries — completed its acquisition of polyester business Shubhalakshmi Polyesters (SPL) in March 2023, Dr. Amrut Urkude, CIO of SPL, took over as CIO of Reliance Polyester. The aim is to integrate the two infrastructures by September 2023.

Interactive 89

Interactive Manufacturing Cost-Benefit ROI 89

CIO Business Intelligence

OCTOBER 16, 2023

Instead, failure today means an IT project doesn’t deliver some or all its expected benefits, according to CIOs, project leaders, researchers, and IT consultants. Those benefits go away when a business sponsor is MIA. In other words, IT project failure now is more about missed marks than technological disasters.

IT 132

IT Cost-Benefit Management Digital Transformation 132

CIO Business Intelligence

APRIL 19, 2022

Vendors, by making indistinguishable claims about digital transformation and process automation, suggest similar outcomes. Digital transformation cannot be achieved through purely tech-enabled, service-led approaches, with the promise to build autonomous enterprises with low code, flexible applications, etc.

Digital Transformation 103

Digital Transformation Insurance ROI Business Objectives 103

Cloudera

JANUARY 14, 2021

They are armed with more knowledge than ever before, as a result, four strategic pillars have emerged that have resulted as leading retailers and brands have deployed a data-centric strategy enabling a customer-first approach. Look for more of my insight into Retail’s digital transformation at this link.

Cost-Benefit 69

Cost-Benefit Digital Transformation Sales IoT 69

IBM Big Data Hub

AUGUST 16, 2023

It is poised to transform businesses and industries, revolutionize how employees and other stakeholders collaborate, and drive digital transformation initiatives. Gartner predicted that cloud spending would reach nearly $600 billion by the end of 2023.

Cost-Benefit 69

Cost-Benefit Data Processing Optimization Software 69

CIO Business Intelligence

NOVEMBER 16, 2022

As the new year approaches, so will a litany of predictions regarding the biggest issues facing CIOs in 2023. The results showed a real dichotomy between the desire for more choice and control over employee work lives versus the toll that some changes have created in the form of isolation, loneliness, increased workloads and costs.

Cost-Benefit 52

Cost-Benefit Uncertainty Digital Transformation Strategy 52