CIO Business Intelligence

AUGUST 15, 2024

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. Gen AI projects can cost millions of dollars to implement and incur huge ongoing costs, Gartner notes. What comes up must come down.”

ROI 142

ROI Cost-Benefit Experimentation Deep Learning 142

Smart Data Collective

MARCH 1, 2022

We previously mentioned the benefits of using data analytics to make the most of social media marketing. Twitter’s Hottest AI-Driven Bots and Tools for 2022. However, for long-term implementation, it’s extremely cost-effective. Protect your investment with Twitter proxies, so you don’t risk security threats. SidesMedia.

Marketing 118

Marketing Data-driven Cost-Benefit ROI 118

DataKitchen

MARCH 12, 2024

Key Success Metrics, Benefits, and Results for Data Observability Using DataKitchen Software Lowering Serious Production Errors Key Benefit Errors in production can come from many sources – poor data, problems in the production process, being late, or infrastructure problems. Data errors can cause compliance risks.

Metrics 117

Metrics Software Cost-Benefit Testing 117

Smart Data Collective

MAY 23, 2022

Although, it is not a good idea to buy bitcoin through a credit card because price volatility can inflate the overall purchasing coin cost. It also enables you to store funds from the exchange and also mitigates the risk of getting your exchange hacked. Bank can also ask you some questions, so you have to be prepared.

Risk 102

Risk Cost-Benefit IT Technology 102

Timo Elliott

MAY 27, 2022

First, data is by default, and by definition, a liability , because it costs money and has risks associated with it. I was at the Gartner Data & Analytics conference in London a couple of weeks ago and I’d like to share some thoughts on what I think was interesting, and what I think I learned….

Data Analytics 124

Data Analytics Analytics Recreation/Entertainment Data Lake 124

IBM Big Data Hub

AUGUST 1, 2023

Risk-based application patching helps IT pros discover vulnerable apps and automatically patch them based on the criticality of the situation. ” What is risk-based application patching? ” What is risk-based application patching? Modern unified endpoint management (UEM) solutions include laptop management.

Risk 54

Risk Management Machine Learning IoT 54

IBM Big Data Hub

APRIL 10, 2024

Value delivery and reduced business cost Decreasing production costs helps drive agility by realigning with new business goals sooner. Beyond traditional cost reduction methods, addressing sustainability has emerged as an essential part of modern cost reduction approaches. trillion in 2022.

Cost-Benefit 88

Cost-Benefit Software Risk Marketing 88

IBM Big Data Hub

JANUARY 25, 2024

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 regulations, undergoing digital transformation and the need for cost-cutting. A 40% reduction in inventory costs.

Optimization 73

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 73

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 83

Testing Modeling Cost-Benefit Consulting 83

CIO Business Intelligence

JULY 22, 2024

IT leader and former CIO Stanley Mwangi Chege has heard executives complain for years about cloud deployments, citing rapidly escalating costs and data privacy challenges as top reasons for their frustrations. They, too, were motivated by data privacy issues, cost considerations, compliance concerns, and latency issues.

Optimization 124

Optimization Strategy IT Cost-Benefit 124

CIO Business Intelligence

NOVEMBER 8, 2023

Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. in June, 2022, to 3.7% in June, 2022, to 3.7% They weren’t communicating enough and it cost them a lot,” he says. While inflation challenges have moderated in the US from a high of 9.1% Here’s how.

IT 131

IT Cost-Benefit Digital Transformation Risk 131

Alation

MAY 19, 2022

Alation attended last week’s Gartner Data and Analytics Summit in London from May 9 – 11, 2022. Gartner Data & Analytics Summit 2022: Keynote Highlights. The business benefits of a data fabric are real. The post Gartner Data & Analytics Summit 2022 in London: 3 Key Takeaways appeared first on Alation.

Metadata 52

Metadata Data Analytics Analytics Data Governance 52

CIO Business Intelligence

FEBRUARY 29, 2024

The ask-an-expert tool enables manufacturers to increase productivity, drive down costs, and improve employees’ work-life balance. Using Microsoft Copilot, workers can also better avoid quality issues that in can cause safety issues and put lives at risk. This can be a major challenge.

Manufacturing 111

Manufacturing Unstructured Data Cost-Benefit Risk 111

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 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

CIO Business Intelligence

SEPTEMBER 29, 2023

Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. According to MarketResearch.Biz , the financial services market for generative AI reached USD 847 million in 2022 and is poised to grow at a CAGR of 28.1% And the finance industry is investing to do so. billion by 2032. Automation.

Finance 131

Finance Unstructured Data Risk Cost-Benefit 131

CIO Business Intelligence

MAY 9, 2023

According to the Rocket Software Survey Report 2022: The State of the Mainframe , four out of five IT professionals see the mainframe as critical to business success. Without, it can create security and compliance risks—and be difficult to maintain. At the same time, innovation and modernization are imperative for business survival.

Cost-Benefit 102

Cost-Benefit Software Digital Transformation Risk 102

Smart Data Collective

MARCH 23, 2023

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. A study done by Deloitte in late 2022 showed that cost reduction is the top priority for CFOs.

Software 112

Software Strategy Cost-Benefit Testing 112

CIO Business Intelligence

JUNE 28, 2024

And in those cost-saving measures, IT has a vital role, according to IT director Niclas Lamberg. We’ve worked with digital investments for many years, but we haven’t benefited from what we could do when it comes to processing information and presenting it based on what you want to look at. That’s what controls the pace.”

Cost-Benefit 103

Cost-Benefit Measurement ROI Risk 103

CIO Business Intelligence

JULY 24, 2024

When I teach MBA students, we’re more worried about the risks of AI in the here and now.” But there are some steps CIOs can take to help protect their companies, including identifying alignment risks, continuously monitoring model outputs, putting guardrails in place, and building model-agnostic infrastructures.

Risk 126

Risk Insurance Modeling Manufacturing 126

CIO Business Intelligence

FEBRUARY 10, 2023

billion in 2022, according to a research study published by The Insight Partners in August 2022. from 2022 to 2028. With predictive analytics, organizations can find and exploit patterns contained within data in order to detect risks and opportunities. Financial services: Develop credit risk models.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

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 86

Cost-Benefit Machine Learning Enterprise Data Processing 86

IBM Big Data Hub

JANUARY 19, 2024

Last year, companies spent USD 219 billion on cybersecurity and solutions alone, a 12% increase from 2022, according to a recent report by the International Data Corporation (IDC) (link resides outside ibm.com). Reducing costs: According to IBM’s recent Cost of Data Breach Report , the average cost of a data breach in 2023 was USD 4.45

Strategy 89

Strategy Cost-Benefit Testing Risk 89

CIO Business Intelligence

MAY 30, 2024

Following a legislative review of state purchases in fiscal year 2022, the state of Oklahoma discovered that its agencies had procured more than $3 billion worth of goods and services outside the oversight of its Office of Management and Enterprise (OMES) Central Purchasing division. ALPI) is also benefiting from process mining.

IT 140

IT Cost-Benefit Key Performance Indicator Dashboards 140

AWS Big Data

MARCH 12, 2024

We share our benchmarking results and methodology, and insights into the cost-effectiveness of EMR Serverless vs. fixed capacity Amazon EMR on EC2 transient clusters on our data workflows orchestrated using Amazon Managed Workflows for Apache Airflow (Amazon MWAA). By early 2022, we successfully migrated our big data workloads to EMR on EC2.

Cost-Benefit 98

Cost-Benefit Optimization Big Data Metrics 98

CIO Business Intelligence

SEPTEMBER 7, 2023

The second challenge is managing new risks, which stem primarily from the threat of misinformation. Since the consequence of failure is high, the defense industry must strike a deft balance between innovation and risk management. (more about this in my article about accelerating generative AI here ). billion by 2032.

Unstructured Data 114

Unstructured Data Cost-Benefit Risk Data-driven 114

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Obtaining more insight into hidden costs (e.g., Obtaining more insight into hidden costs (e.g.,

Cost-Benefit 103

Cost-Benefit Business Objectives ROI Risk 103

CIO Business Intelligence

DECEMBER 18, 2023

Developing generative AI implementation strategies will be imperative for technology leaders, prioritizing key areas such as business model building, internal operational improvements, risk mitigation, and overall organizational efficiency. Everyone is talking about GenAI.

Cost-Benefit 105

Cost-Benefit Risk Strategy Manufacturing 105

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 88

Reporting Internet of Things Cost-Benefit Data-driven 88

CIO Business Intelligence

SEPTEMBER 14, 2023

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently. The company, which reported net revenues of $3.6

Risk Management 111

Risk Management Risk Marketing Cost-Benefit 111

CIO Business Intelligence

JUNE 28, 2024

Limited automation and other IT capabilities at both depots, some of it decades old, had left MDMC to deal with repair delays, inaccurate information about equipment, and increased costs, Hutcherson says. KPMG evaluated costs by product line, for example, and looked at variations in performance by facility and product line.

Digital Transformation 98

Digital Transformation Cost-Benefit Manufacturing Data-driven 98

IBM Big Data Hub

JUNE 13, 2023

Can security teams keep up with attack surface risks without automated processes? That does not include the additional time it takes for security teams to analyze the discovery data, prioritize actions and mitigate risks. To keep pace with attack surface risks, more organizations need to use automated tools. Here’s why.

Management 82

Management Cost-Benefit Risk Data Processing 82

CIO Business Intelligence

JUNE 2, 2022

Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. in 2022 to $623 billion globally. AI enhances operational efficiency. Gartner highlights AI trend in banking.

Predictive Analytics 145

Predictive Analytics Technology Analytics Machine Learning 145

IBM Big Data Hub

NOVEMBER 8, 2023

The change, challenge and benefits are here FDA FSMA will have significant global implications for traceability. We saw this happen between Dole and Walmart in 2022 when a particular brand of lettuce—Ocean Mist Farms brand Romaine Hearts—had to be recalled.

Cost-Benefit 106

Cost-Benefit Consulting Risk Reporting 106

CIO Business Intelligence

APRIL 20, 2023

Australia and Pakistan have seen communities wrecked by large-scale flooding and continual rain, while in 2022, Europe had its hottest summer on record. CIOs in organizations already with ESG maturity adopt data management, ESG reporting, and risk tools. They can cut costs and generate additional revenue streams.”

Consulting 102

Consulting Insurance Cost-Benefit Finance 102

IBM Big Data Hub

JANUARY 11, 2024

The benefits of business disaster recovery Disasters can cause all kinds of problems for businesses. Reduced costs: According to IBM’s recent Cost of Data Breach Report , the average cost of a data breach last year was USD 4.45 million—a 15% increase over the last 3 years.

Cost-Benefit 92

Cost-Benefit Risk Enterprise Strategy 92

CIO Business Intelligence

AUGUST 1, 2022

Upgrading IT and data security to reduce corporate risk was the No. 1 CEO priority for respondents to the IDG/Foundry “State of the CIO Study 2022” research , cited by a third of the respondents. They can get the right benefits and insights out of data without managing it or worrying about compliance and security risks.”.

Strategy 98

Strategy Cost-Benefit Risk Management 98

CIO Business Intelligence

MARCH 8, 2023

Another report found that between 2018 and 2022, the percentage of NetOps teams that are successful with their overall missions has declined from 47% to 27%. Public cloud Public cloud services are popular because they offer organizations flexibility, lower costs, and more rapid deployments.

Digital Transformation 98

Digital Transformation Cost-Benefit Data-driven Reporting 98