Remove 2022 Remove Manufacturing Remove Reporting Remove Risk
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9 most in-demand IT jobs in manufacturing

CIO Business Intelligence

The manufacturing industry is experiencing its “fourth industrial revolution,” with manufacturers focused on leveraging IT to stay competitive and meet the demand for digital services that can enhance their physical wares. Sensors, AI, and robotics are key Manufacturing 4.0 Software engineer. Principal software engineer.

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Reshoring: The risks of swinging the pendulum too far

IBM Big Data Hub

By sourcing materials and labor from countries with lower labor and manufacturing costs, businesses were able to capitalize on the economic boom, produce more goods and services, and minimize their costs. However, a 2022 report by the World Bank estimated that the global economy could lose up to USD 1.2

Risk 78
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Unveiling the risks of OT systems and how to secure them

CIO Business Intelligence

However, OT systems are present on the networks of nearly every organization, as they also include systems such as building management systems, fire control systems, physical access control mechanisms, HVAC systems, medical devices, and manufacturing equipment, to name a few. If you aren’t sure, you aren’t alone.

Risk 83
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Selling the C-suite on preemptive IT investments

CIO Business Intelligence

And 2024 looks to be that kind of year, with John-David Lovelock, distinguished VP analyst, reporting that “IT spending will be driven by more traditional forces, such as profitability, labor, and dragged down by a continued wave of change fatigue.” The average cost of a data breach is $4.64

ROI 120
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Operational technology systems require a robust Zero Trust strategy in 2024

CIO Business Intelligence

In fact, manufacturing was one of the sectors most impacted by extortion attacks last year, according to Palo Alto Networks Unit 42, as reported in the 2023 Unit 42 Extortion and Ransomware Report. Why is this sector at such risk? Cyberattacks on operational technology (OT) systems are rapidly rising.

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Illuminating the black box: why CIOs should consider publishing an annual IT report

CIO Business Intelligence

By Gartner’s estimations, overall IT spending will grow in 2024 by 8%, more than double that of 2022 and 2023—2.9% Such a report has a legacy already, if only a short one. In many of the most engaging IT reports, content is organized principally around the priorities of the broader firm. and 3.5%, respectively. Good question.

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5 top ERP trends for 2022 — and their implications for IT leaders

CIO Business Intelligence

A key driver for this is the steep resource cost in keeping customized implementations apace with the latest features — a cost many CIOs forgo in favor of stagnancy, at the risk of falling behind. In the absence of real-time data, at the end of each month, it took a few days to run the numbers and ultimately carry out management reporting.

IT 143