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 102

Cost-Benefit Optimization Software Strategy 102

CIO Business Intelligence

MAY 8, 2024

Process automation and improvement is a perennial CIO agenda item, and the call for business process optimization is only getting louder — especially for those processes directly tied to the bottom line. We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.”

IT 93

IT Cost-Benefit Insurance Unstructured Data 93

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 139

Cost-Benefit Metrics Insurance Measurement 139

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. The results are higher revenues, lower risks, and increased productivity for the bank. 1- Treating data as a strategic business asset .

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 265

Advertising Cost-Benefit Marketing Risk 265

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 140

Digital Transformation Unstructured Data Machine Learning Risk Management 140

IBM Big Data Hub

FEBRUARY 9, 2024

2022 was the year that generative artificial intelligence (AI) exploded into the public consciousness, and 2023 was the year it began to take root in the business world. The most immediate benefit of multimodal AI is more intuitive, versatile AI applications and virtual assistants. The power of open models will continue to grow.

Cost-Benefit 97

Cost-Benefit Modeling Data-driven Enterprise 97

Timo Elliott

NOVEMBER 30, 2022

My role was to talk about the trends and opportunities for 2023, for customers, SAP, and our partners. IDC calls it the Future Enterprise , Forrester talks about Future Fit organizations, and Gartner explains the benefits of the Composable Enterprise. Business Process Optimization. Innovating Faster. Analysis to Action.

Recreation/Entertainment 98

Recreation/Entertainment Metadata Data Warehouse Cost-Benefit 98

CIO Business Intelligence

SEPTEMBER 14, 2023

In a rapidly evolving business landscape, where innovation and cost efficiency are paramount, the launch of VMware Cross-Cloud managed services at VMware Explore 2023 Las Vegas is a pivotal moment. Flexibility: Organizations can now choose the cloud environments that best suit their specific needs.

Management 70

Management Cost-Benefit Optimization ROI 70

IBM Big Data Hub

FEBRUARY 19, 2024

The challenges continue: one 2023 survey found 44% of companies had to make changes in the past year due to issues with their supply chain footprint, and 49% said supply chain disruptions had caused planning problems. To mitigate these risks , companies need the resources and technology to develop robust contingency plans.

Strategy 83

Strategy Management Forecasting Cost-Benefit 83

IBM Big Data Hub

SEPTEMBER 12, 2023

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023. The models also reduce private sector customs data collection costs by 40%.

Testing 85

Testing Modeling Cost-Benefit Consulting 85

IBM Big Data Hub

FEBRUARY 19, 2024

Financial benefits include increased revenue through the creation of adjacent industry business models, accessing new markets to establish more revenue streams, and growing existing revenue. Cost optimization can be achieved through a combination of productivity enhancements, infrastructure savings and reductions in operating expenses.

Cost-Benefit 65

Cost-Benefit Data-driven Optimization Marketing 65

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. Uncontrolled costs: More clouds and cloud services translate into more cloud bills.

Strategy 93

Strategy Cost-Benefit Risk Optimization 93

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. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Specific types of sourcing minimize costs in different ways.

Cost-Benefit 80

Cost-Benefit Scorecard Risk Recreation/Entertainment 80

CIO Business Intelligence

JANUARY 3, 2024

AI can help optimize processes in many different ways, for example: customers’ speech and text into different languages, dialects, or accents. They have created a joint solution that combines Amazon Connect with additional features from IBM Consulting to optimize and personalize customer communication.

Insurance 108

Insurance B2B Consulting Cost-Benefit 108

O'Reilly on Data

NOVEMBER 28, 2023

Generative AI has been the biggest technology story of 2023. As of November 2023: Two-thirds (67%) of our survey respondents report that their companies are using generative AI. Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing.

Enterprise 267

Enterprise Modeling Testing Reporting 267

CIO Business Intelligence

APRIL 11, 2024

Governments cannot put their head in the sand and ignore change, but they operate in a highly complex, data-sensitive environment and can’t afford to take on fundamental business risks in the name of innovation. In 2023, nearly one-third of U.S. What are the business benefits of innovation in government?

Cost-Benefit 92

Cost-Benefit Predictive Analytics Data-driven Risk 92

Jen Stirrup

FEBRUARY 24, 2024

Artificial Intelligence revolutionizes large and small businesses with automation, data analysis, and improved customer experiences, offering cost savings and a competitive edge. Artificial Intelligence is transforming industries and everyday lives, but how can it benefit small businesses? What is AI?

Cost-Benefit 71

Cost-Benefit Data-driven Testing Risk 71

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 123

IT Cost-Benefit Digital Transformation Software 123

CIO Business Intelligence

JULY 17, 2023

Professional investors factor in certain financial targets and risk tolerance as they pursue maximum ROI. Like investors, they seek optimal outcomes while minimizing risks. Cloud rebalancing or optimization? IT leaders can relate to this dance. Private clouds are enjoying something of a resurgence.

Cost-Benefit 75

Cost-Benefit Optimization ROI Strategy 75

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. Why build a multicloud infrastructure?

Cost-Benefit 143

Cost-Benefit Insurance Optimization Enterprise 143

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 133

IT Digital Transformation Risk Cost-Benefit 133

IBM Big Data Hub

FEBRUARY 6, 2024

Europe recently announced a mandate that real-time payments be available from any provider who currently offers batch euro payments (such as SEPA credit transfers) at a price of no more than the cost of batch transfers. Increasing the use of cash does not reduce cost or friction in the economy. in 2023-2024.

Cost-Benefit 89

Cost-Benefit Finance Sales Risk 89

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 141

Strategy Cost-Benefit IT Key Performance Indicator 141

IBM Big Data Hub

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. This blog outlines some BPR examples that benefit from a BPM methodology.

Cost-Benefit 58

Cost-Benefit Finance Optimization Key Performance Indicator 58

CIO Business Intelligence

JANUARY 22, 2024

McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5 trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue. The attack landscape has evolved to target critical infrastructure.

Digital Transformation 117

Digital Transformation Risk Cost-Benefit Risk Management 117

Cloudera

APRIL 1, 2024

We’re excited to share that Gartner has recognized Cloudera as a Visionary among all vendors evaluated in the 2023 Gartner® Magic Quadrant for Cloud Database Management Systems. Download the complimentary 2023 Gartner Magic Quadrant for Cloud Database Management Systems report.

Unstructured Data 104

Unstructured Data Cost-Benefit Metadata Machine Learning 104

Laminar Security

DECEMBER 1, 2023

As more organizations migrate their data to the cloud, they face an increasing range of risks and threats, including data breaches, data leakage, data loss, data misuse, data compliance violations, shadow data and more. According to a recent report by IBM , the average cost of a data breach in 2023 was $4.24

Modeling 52

Modeling Cost-Benefit Risk Data-driven 52

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation.

Cost-Benefit 133

Cost-Benefit Digital Transformation Consulting Strategy 133

CIO Business Intelligence

AUGUST 17, 2023

Dynamics of current geopolitical forces are keeping supply chain risks in focus, resulting in increased public awareness, government interventions, and actions by individual companies. Making products closer to customers removes some uncertainty and risks in the supply chain and relocating production of high-value products back to the U.S.

Manufacturing 92

Manufacturing Cost-Benefit Digital Transformation Risk 92

CIO Business Intelligence

DECEMBER 4, 2023

In January 2023, Oracle changed its licensing and/or pricing for Java for the fourth time in four years. According to State of Java Survey and Report 2023 , an independently run study of more than 2,000 Java users, Java users have taken notice. These builds have been used in production worldwide for three months.

ROI 52

ROI Cost-Benefit Testing Risk 52

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 96

Cost-Benefit OLAP Dashboards Visualization 96

Ontotext

DECEMBER 30, 2022

This makes 2023 both a very challenging and exciting year! GraphDB 10 brings smarter and simpler cluster architecture enabling, among other benefits, best in class resilience and reduced infrastructure costs. As we enter 2023, we are looking forward to doing more to deliver value for our customers and future clients.

Enterprise 52

Enterprise Sales Cost-Benefit Marketing 52

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 91

Reporting Internet of Things Cost-Benefit Data-driven 91

CIO Business Intelligence

SEPTEMBER 7, 2023

Of the nearly 6,000 CIOs, CISOs, and CTOs who shared their insights for VMware’s Multi-Cloud Maturity Index , a global survey conducted by market-research firm Vanson Bourne, more than half believe the stakes are even higher: 53% say organizations that do not adopt a multi-cloud approach risk failure.

Enterprise 87

Enterprise Management Cost-Benefit Optimization 87

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 69

Data Warehouse Cost-Benefit KPI Risk 69

CIO Business Intelligence

MAY 16, 2023

Many found these environments difficult to manage, govern and modernize, all while controlling costs. All these challenges limited the benefits the multicloud model was supposed to unlock. It extends and optimizes cloud stacks to dedicated IT environments, so organizations can run workloads where and how they want.

Strategy 84

Strategy Cost-Benefit Optimization Modeling 84