CIO Business Intelligence

NOVEMBER 14, 2023

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Without a clear cloud strategy and broad leadership support, even value-adding cloud investments may be at risk. Cloud costs will often — and rapidly — become large line items on budgets.

Strategy 140

Strategy Cost-Benefit IT Key Performance Indicator 140

FineReport

APRIL 26, 2023

Cost Savings : Big data tools such as FineReport , Hadoop, Spark, and Apache can assist businesses in saving costs by storing and handling huge amounts of data more efficiently. These objectives should be broken down into measurable analytical goals, and the chosen tool should be able to meet those goals.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Rocket-Powered Data Science

FEBRUARY 15, 2023

Generative AI is the biggest and hottest trend in AI (Artificial Intelligence) at the start of 2023. 3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? In short, you must be willing and able to answer the seven WWWWWH questions (Who?

Strategy 289

Strategy Experimentation Uncertainty Machine Learning 289

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. Benefits: Improved efficiency Reduced cost Enhanced transparency Customer relationship management (CRM) BPR is a pivotal strategy for organizations that want to overhaul their customer relationship management (CRM) processes.

Cost-Benefit 62

Cost-Benefit Finance Optimization Key Performance Indicator 62

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. trillion in economic benefits by 2030. Companies are investing in renewable energy projects and implementing energy-efficient technologies and practices.

Reporting 98

Reporting Cost-Benefit Internet of Things Data-driven 98

Smart Data Collective

MAY 25, 2023

Fortunately, there are a number of measures that small businesses can take to protect their sensitive information from unauthorized access. Additionally, cybercrime costs SMEs over $2.2 Cybercriminals target these businesses primarily due to their resource inadequacy and often lack of progressive cyber security measures.

Internet of Things 90

Internet of Things Cost-Benefit Risk Software 90

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. Entities will also be expected to put appropriate cybersecurity protection measures in place. In the U.S.,

Cost-Benefit 80

Cost-Benefit Testing Strategy Risk Management 80

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? Gartner attempted to list every metric under the sun in their recent report , “T oolkit: Delivery Metrics for DataOps, Self-Service Analytics, ModelOps, and MLOps, ” published February 7, 2023. Under Velocity, the Mean Time to Deliver Data metric measures the time it takes to deliver data.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

CIO Business Intelligence

JULY 7, 2023

As an IT management framework, ITIL can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. As of 2023, ITIL 4 has been fully rolled out and Axelos announced the discontinuation of ITIL 3 at the start of 2022.

Cost-Benefit 96

Cost-Benefit Strategy Management Uncertainty 96

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

IBM Big Data Hub

FEBRUARY 23, 2024

billion fine in 2023. Create a recordkeeping system Organizations with more than 250 employees, and companies of any size that regularly process data or handle high-risk data, must keep written electronic records of their processing activities. Even the world’s biggest businesses are not free from GDPR woes.

Measurement 82

Measurement Risk Data Collection Data Processing 82

CIO Business Intelligence

AUGUST 17, 2023

But, as with any big new wave, there is a risk of once-promising projects being washed up and there are clear and obvious concerns over governance, quality and security. We ran workshops with every division of our business, educating them on the accelerating innovation in this area, brainstorming opportunities and risks.

Risk 89

Risk Cost-Benefit Strategy Experimentation 89

CIO Business Intelligence

APRIL 12, 2023

All of this needs to work cohesively in a real-time ecosystem and support the speed and scale necessary to realize the business benefits of real-time AI. Real-time AI is a science project until benefits to the business are realized. It isn’t easy. What metrics are used to understand the business impact of real-time AI?

Machine Learning 130

Machine Learning Cost-Benefit Data-driven Strategy 130

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

CIO Business Intelligence

DECEMBER 22, 2023

To tackle that, businesses are turning their budgets toward the cloud, with two out of every three IT decision-makers planning to increase cloud budgets in 2024, and nearly a third (31%) reporting that 31% of their IT budget is earmarked for cloud computing, according to the 2023 Cloud Computing Study from CIO.com parent company Foundry.

Consulting 119

Consulting Software Business Objectives Optimization 119

IBM Big Data Hub

AUGUST 16, 2023

Find out about the benefits of red teaming, the differences between red and blue teams and what a purple team is in my previous blog post, “ Red teaming 101: What is red teaming? Moreover, every red team operation creates an opportunity for measurement and improvement. Regrettably, it might not be far from the truth.

Testing 59

Testing Cost-Benefit Risk Consulting 59

Cloudera

JANUARY 14, 2021

Blended use brick and mortar enable better pricing and convenience to consumers than digital pure-plays, and physical stores now serve as micro-fulfillment centers—through BOPIS (buy online, pick-up in-store) or curbside delivery—and drive down overall cost-to-serve. Reinventing Brick and Mortar is Delivering Fresh Customer Experiences.

Cost-Benefit 69

Cost-Benefit Digital Transformation Sales IoT 69

CIO Business Intelligence

SEPTEMBER 21, 2023

The phrase “existential risk” is now everywhere—not in the sense the AI would destroy humanity, but that it would make business functions, or even entire companies, obsolete. If you take something slightly risky and make it a thousand times bigger, the risks are amplified,” he says. But it’s a sign of what’s to come. “If

Enterprise 127

Enterprise Consulting Modeling Cost-Benefit 127

CIO Business Intelligence

NOVEMBER 6, 2023

Gallup estimates that this phenomenon cost the economy $7.8 According to the Gallup State of the Global Workforce 2023 Report , 41% of respondents attributed their lack of engagement to leadership and the workplace culture. When you get rewards right, however, you will reap near instant benefits, according to Gallup.

Measurement 125

Measurement Cost-Benefit Management Metrics 125

CIO Business Intelligence

MAY 1, 2024

For example, a quarter of IT decision-makers in Foundry’s 2023 AI Priorities Study are piloting gen AI technologies, but only 20% have moved on to deployment. But talking to IT teams like the AI professionals in Intel’s 2023 ML Insider survey suggests only 10% of organizations put gen AI solutions into production in 2023.

Cost-Benefit 138

Cost-Benefit Metrics Insurance Measurement 138

IBM Big Data Hub

JUNE 23, 2023

Figure 3 highlights ancillary benefits that conversational AI technology provides. Improve consistency and accuracy: Consistency in messaging across different reports and reporting periods is a critical benefit. The project should provide quick wins and measure the results rigorously to determine the impact on performance and ROI.

Finance 64

Finance Reporting Cost-Benefit Modeling 64

FineReport

MAY 31, 2023

In this article, we will explore the concept of a financial dashboard, highlight its numerous benefits, and provide various kinds of financial dashboard examples for you to employ and explore. In today’s dynamic business environment, gaining comprehensive visibility into financial data is crucial for making informed decisions.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

CIO Business Intelligence

SEPTEMBER 13, 2023

Indeed, 50% of C-suite execs surveyed for a 2023 report on digital transformation from fintech company Broadridge admitted they struggle to balance innovation with daily tasks. Although innovation always carries risk, there are common mistakes that CIOs tend to make that heighten the chances of innovation failures.

IT 132

IT Digital Transformation Risk Cost-Benefit 132

CIO Business Intelligence

FEBRUARY 12, 2024

An arrow for the right: This way lies calculating the cost of IT assets versus their business value. And frankly it’s the difference between being viewed as a cost center or as a value generator. Multicloud estates heighten cost complexity However, the IT landscape has become far more distributed of late.

Cost-Benefit 101

Cost-Benefit Optimization Software Strategy 101

AWS Big Data

DECEMBER 8, 2023

Users could now assess risk, profitability, and cross-sell opportunities not only for piecemeal divisions or products, but also globally for the business as a whole. This means that workloads can be isolated to individual clusters, allowing for a more streamlined schema design, WLM configuration, and right-sizing for cost optimization.

Data Warehouse 67

Data Warehouse Cost-Benefit KPI Risk 67

IBM Big Data Hub

APRIL 11, 2024

Compliance with official policies through auditing tools and other measures is merely the final step. In An Overview of Catastrophic AI Risks , the authors identify several mitigations that can be addressed through governance and regulation (in addition to cybersecurity). ” Academic and scientific perspectives are also essential.

Risk 78

Risk Consulting Modeling Data Processing 78

CIO Business Intelligence

MAY 13, 2024

The study identified the top CEO priorities as, among others, leading digital transformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI. In contrast, CEOs didn’t even list AI in their top 10 priorities for CIOs in 2023. 3, according to the State of the CIO survey.

IT 125

IT Digital Transformation ROI Strategy 125

IBM Big Data Hub

SEPTEMBER 27, 2023

The list of challenges is long: cloud attack surface sprawl, complex application environments, information overload from disparate tools, noise from false positives and low-risk events, just to name a few. The average cost of a data breach set a new record in 2023 of USD 4.45

Cost-Benefit 103

Cost-Benefit OLAP Dashboards Visualization 103

CIO Business Intelligence

AUGUST 15, 2023

A risk-limiting audit (RLA) is one audit type used for election verification. In increasingly politicized times, easily performing RLAs can provide a measure of confidence to the interested voter that elections are being run properly.”

IT 91

IT Manufacturing IoT Cost-Benefit 91

CIO Business Intelligence

JUNE 20, 2023

According to GitLab’s 2023 Global DevSecOps Report , 56% of organizations report using DevOps or DevSecOps methodologies, growing roughly 10% from 2022, for improved security, higher developer velocity, cost and time savings, and better collaboration. According to IBM , a single data breach costs $9.4 What is DevSecOps?

Cost-Benefit 87

Cost-Benefit Testing Software Reporting 87

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. billion in 2023. Data silos: With data spread across multiple clouds and platforms, an organization risks creating data silos.

Strategy 100

Strategy Cost-Benefit Risk Optimization 100

CIO Business Intelligence

JUNE 6, 2023

The implication is that while some businesses are cutting costs and many tech companies are announcing layoffs, forward-looking enterprises are investing and collaborating with startups. CIOs should have plans for the upsides and also develop risk mitigation strategies. But CIOs should remain strategic.

Key Performance Indicator 105

Key Performance Indicator Cost-Benefit Enterprise Experimentation 105

CIO Business Intelligence

SEPTEMBER 26, 2023

Requirements for implementing Zero Trust In July 2021, the Biden administration issued an executive order outlining several cybersecurity measures that federal agencies and contractors must implement. This policy should include guidelines for employee training, incident response, and risk management.

Cost-Benefit 136

Cost-Benefit Measurement Risk Risk Management 136

CIO Business Intelligence

FEBRUARY 27, 2023

Since then, Barioni has taken control of the situation, putting into action a multi-year plan to move over half of Reale Group’s core applications and services to just two public clouds in a quest for cost optimization and innovation. Only 2% had a single cloud provider. Why build a multicloud infrastructure?

Cost-Benefit 143

Cost-Benefit Insurance Optimization Enterprise 143

FineReport

MAY 25, 2023

FTE provides an accurate measure of the organization’s total workload, and employees working less than 1 FTE are considered part-time workers. Cost of absence : While not a standard metric, the cost of absence attaches a financial value to the aforementioned absence rate, making it more tangible.

Dashboards 52

Dashboards Metrics Cost-Benefit Key Performance Indicator 52

CIO Business Intelligence

AUGUST 3, 2023

The 2023 recipient of the Ohio CIO of the Year ORBIE Leadership Award is known for his track record of building and heading global technology strategy initiatives to drive innovation and transform legacy operations. You have to get people to be critical thinkers, take risks, be innovators and to teach others.

IT 83

IT Risk Strategy Management 83

IBM Big Data Hub

OCTOBER 16, 2023

The Digital India Bill 2023 aims to replace India’s existing Information Technology Act of 2000 and provide comprehensive oversight of the digital landscape. The application of security measures and standardization of control and audit might benefit the organization even if the location regulations are not too strong.

Cost-Benefit 72

Cost-Benefit Data Governance Risk Data-driven 72