CIO Business Intelligence

MAY 27, 2024

A study by Verizon in their 2023 Data Breach Investigations Report found that 68% of breaches involved a human element, such as social engineering, misuse of privileges, or simple mistakes. The incident cost Maersk over $300 million in losses. But it isn’t a question of ”if” an organization will be targeted, but “when.”

Cost-Benefit 93

Cost-Benefit Statistics ROI Measurement 93

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. of users and 3.9%

Enterprise 267

Enterprise Modeling Testing Reporting 267

AWS Big Data

NOVEMBER 8, 2023

Save the date: AWS re:Invent 2023 is happening from November 27 to December 1 in Las Vegas, and you cannot miss it. Hear about best practices that can help with migration while still maintaining costs, scale, and performance. re:Invent is a learning conference organized by AWS for the global cloud computing community.

Data-driven 91

Data-driven Data Lake Machine Learning Cost-Benefit 91

CIO Business Intelligence

MAY 30, 2024

One of our key directives was to audit procurement for all state agencies by the end of the calendar year 2023,” McIntosh says. “To The demand is coming from companies [that] have been told by strategy firms that they must cut costs to preserve margins. ALPI) is also benefiting from process mining. 31 deadline.”

IT 122

IT Cost-Benefit Key Performance Indicator Dashboards 122

Smart Data Collective

MARCH 23, 2023

Many people have called 2023 “the year of AI.” Some companies are interested in taking advantage of the benefits of existing AI tools like ChatGPT. The ROI of creating their own AI applications can be massive, but they still need to use them cost-effectively.

Software 114

Software Strategy Cost-Benefit Testing 114

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. Cloud costs will often — and rapidly — become large line items on budgets. Cloud costs will often — and rapidly — become large line items on budgets. Are we taking advantage of cloud-native benefits?

Strategy 136

Strategy Cost-Benefit IT Key Performance Indicator 136

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 136

Digital Transformation Unstructured Data Machine Learning Risk Management 136

CIO Business Intelligence

FEBRUARY 12, 2024

As genAI caught fire in 2023, many organizations rushed to test and learn from the technology and harness it to grow productivity and improve processes. You’ll align desired near-term and future states to test-and-learn pilots as well as potential production projects. What does that vision look like?

IT 110

IT Consulting Cost-Benefit Uncertainty 110

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)? Test early and often. Test and refine the chatbot. Conduct market research.

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

Modeling 110

Modeling Cost-Benefit IT ROI 110

CIO Business Intelligence

SEPTEMBER 1, 2023

based semiconductor giant opted to implement SDN within its chip-making facilities for the scalability, availability, and security benefits it delivers. Colby says it took a couple of years for the partners to build the blueprint and begin rolling out the solution to existing factories, including rigorous offline testing before beginning.

Manufacturing 122

Manufacturing IT Cost-Benefit IoT 122

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

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 101

Cost-Benefit Risk Modeling Strategy 101

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

Cloudera

MARCH 26, 2024

The release of LLMs surged by 136% in 2023 compared to 2022, and this upward trend is projected to continue in 2024. How much is all this really going to cost? This release will remove the complexity from getting started with AI, delivered as a cost-effective bundle to deliver immediate business value.”

Cost-Benefit 82

Cost-Benefit Machine Learning Enterprise Modeling 82

Cloudera

NOVEMBER 28, 2023

Cloudera and Dell are excited to announce a new milestone in our journey: the Quality Assurance Test Suite (QATS) certification for Dell PowerScale to work seamlessly with Cloudera Data Services. They signify that a product has undergone rigorous testing and meets specific quality and compatibility standards.

Management 82

Management Cost-Benefit Data-driven Testing 82

DataKitchen

AUGUST 8, 2023

On 20 July 2023, Gartner released the article “ Innovation Insight: Data Observability Enables Proactive Data Quality ” by Melody Chien. Finally, the article states that Data Observability can bring tremendous benefits and time savings by helping IT and business teams be more proactive in their data management and engineering activities.

Data Quality 130

Data Quality Testing Snapshot Reporting 130

AWS Big Data

NOVEMBER 27, 2023

Today, we’re excited to bring the benefits of Graviton3 to Kafka workloads, with Amazon MSK now offering M7g instances for new MSK provisioned clusters. These performance improvements, along with M7g’s lower prices provide up to 24% in compute cost savings over M5 instances. Gbps up to 10 Gbps M7g.xlarge 4 16 GiB up to 12.5

Cost-Benefit 99

Cost-Benefit Optimization Testing Management 99

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. Are your JVM/JDK binaries Technology Compatibility Kit (TCK) tested?

ROI 52

ROI Cost-Benefit Testing Risk 52

CIO Business Intelligence

APRIL 25, 2024

During the summer of 2023, at the height of the first wave of interest in generative AI, LinkedIn began to wonder whether matching candidates with employers and making feeds more useful would be better served with the help of large language models (LLMs). Cost considerations One aspect that Bottaro dubbed “a hurdle” was the cost.

IT 131

IT Experimentation Cost-Benefit Metrics 131

Cloudera

DECEMBER 19, 2023

Without a doubt, 2023 has shaped up to be generative AI’s breakout year. Earlier this month, I had the opportunity to lead a roundtable discussion at the PSN Government Innovation show ( 2023 Government Innovation Show – Federal – Public Sector Network ) in Washington, DC. Implement rigorous testing.

Optimization 88

Optimization Cost-Benefit Unstructured Data Risk 88

IBM Big Data Hub

FEBRUARY 6, 2024

For example, a recent Kyndril study (link resides outside ibm.com) concluded that infrastructure failure can cost enterprises as much as USD 100,000 per hour, with application failure ranging from USD 500,000 to USD 1 million per hour. million—a 15% increase over the last 3 years.

Cost-Benefit 90

Cost-Benefit Testing Risk Strategy 90

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 83

Cost-Benefit Testing Software Reporting 83

IBM Big Data Hub

JANUARY 19, 2024

Here are some of the greatest benefits of building a strong disaster recovery strategy: Maintaining business continuity: Business continuity and business continuity disaster recovery (BCDR) help ensure organizations return to normal operations after an unplanned event, providing data protection, data backup and other critical services.

Strategy 92

Strategy Cost-Benefit Testing Risk 92

CIO Business Intelligence

OCTOBER 21, 2022

But, with all this growth comes new potential costs. Amid a fast-changing landscape, contact center executives have a critical task: Keep pace and grow while also reducing costs and driving efficiency. Let’s look at four key decisions that can fuel effective cost management in contact centers. billion by 2030, a CAGR of 24.8%.

Cost-Benefit 69

Cost-Benefit Testing Metrics Marketing 69

IBM Big Data Hub

MARCH 28, 2024

billion in 2023. Private cloud combines the primary benefits of cloud computing (e.g., A hybrid cloud unifies public cloud, private cloud and traditional on-premises to create a single, flexible and cost-efficient IT infrastructure. billion by 2033, up from USD 92.64 What is a private cloud? Zoom, Adobe, Salesforce).

Enterprise 100

Enterprise Cost-Benefit Data Processing Software 100

IBM Big Data Hub

FEBRUARY 12, 2024

A key reason for this hesitancy is the complexity and cost of migrating to a new ERP platform. SAPinsider’s RISE with SAP 2023 report identified the primary benefit as the single contract that enables a cost-effective move 2. SAP offers both cloud and on-prem deployment options for S/4HANA.

Cost-Benefit 68

Cost-Benefit Data Processing Consulting ROI 68

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. ChatGPT caused quite a stir after it launched in late 2022, with people clamoring to put the new tech to the test. Which business cases actually need AI? It’s an interesting dilemma CIOs have.

IT 116

IT Risk Cost-Benefit Enterprise 116

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. Most “lifted and shifted” apps can operate in a cloud environment but might not to reap the full benefits of cloud. Why move to cloud?

Modeling 91

Modeling Cost-Benefit Optimization Digital Transformation 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 ). The consolidation of client environments within a centralized platform streamlined operations, improved scalability and reduced costs.

Cost-Benefit 67

Cost-Benefit Digital Transformation Data-driven Strategy 67

IBM Big Data Hub

MAY 28, 2024

According to IBM’s Cost of a Data Breach , the global average cost to remediate a data breach in 2023 was USD 4.45 These data breaches can cost their victims in many ways. In May 2023, Ireland’s data protection authority imposed a USD 1.3 million, a 15 percent increase over three years.

Strategy 72

Strategy Measurement Risk Cost-Benefit 72

IBM Big Data Hub

AUGUST 18, 2023

Regulators also require organizations to test business recovery processes periodically and provide documented test results showing that SLAs have been met. The need for a strong cyber-resilience strategy According to the IBM Cost of Data Breach Report 2023 , the global average cost of data breach was $4.45M.

Cost-Benefit 75

Cost-Benefit Testing Strategy Risk Management 75

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. Failing to tie innovation to business value If innovation is happening on the company’s dime, company heads want to know how it could benefit them.

IT 129

IT Digital Transformation Risk Cost-Benefit 129

IBM Big Data Hub

SEPTEMBER 6, 2023

In a May 2023 survey carried out by IBM and Momentive.ai , 67% of CMOs reported that they plan on implementing generative AI in the next 12 months and 86% plan to do so within 24 months. Enterprise marketing teams stand to benefit greatly from generative AI, yet introduction of this capability will require new skills and processes.

Marketing 115

Marketing Strategy B2B Cost-Benefit 115

CIO Business Intelligence

NOVEMBER 8, 2023

Maintaining them through upgrades and ensuring compatibility with core systems was draining, costing too much time and money. Every upgrade required long integration and test cycles. Union Pacific had over 100 custom applications. It was creating silos of data which caused lack of reliable insight.

Cost-Benefit 105

Cost-Benefit Digital Transformation Data-driven Finance 105

CIO Business Intelligence

APRIL 4, 2024

Twelve years later, in September 2023, some of my details were compromised in the MGM Resorts hack in the USA. Deleting obsolete information provides several benefits. Firstly, it tests your ability to destroy data. Another benefit is that it saves money. How much old data are you keeping?

Cost-Benefit 74

Cost-Benefit Data Governance Testing Modeling 74

CIO Business Intelligence

AUGUST 2, 2023

Benefits of composable architecture Embracing a composable architecture empowers your business to compose building blocks with unparalleled flexibility, opening doors to new opportunities for innovation. This gradual progression allows for seamless adaptation and continuous improvement, keeping your business at the forefront of innovation.

Cost-Benefit 82

Cost-Benefit Experimentation Digital Transformation Optimization 82