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8 top priorities for CIOs in 2023

CIO Business Intelligence

Welcome to 2023. As the economic pendulum shifts to cost control, CIOs will have to find ways to continue achieving the same results but with less margin for error,” he notes. There’s an industry-wide push to reduce technical and data debt and reallocate those resources toward building the future, Conyard says. “CIOs

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Process mining helps IT leaders modernize business operations

CIO Business Intelligence

One of our key directives was to audit procurement for all state agencies by the end of the calendar year 2023,” McIntosh says. “To By using the information gleaned from process mining, companies can better streamline workflows, enhance resource allocation, and automate repetitive tasks. ALPI) is also benefiting from process mining.

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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. However, there are even more important benefits of using big data during a bad economy.

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10 Best Big Data Analytics Tools You Need To Know in 2023

FineReport

A company’s ability to collect and handle big data effectively is directly related to its growth rate, as big data offers numerous advantages that cannot be ignored. Market Insight : Analyzing big data can help businesses understand market demand and customer behavior. Another key benefit of FineReport is its flexibility.

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Ignoring data lifecycle management is putting your business at risk

CIO Business Intelligence

This strategic initiative also makes data consistently available for insight and maintains its integrity. Without a coherent strategy, enterprises face heightened security risks, rocketing storage costs, and poor-quality data mining. Many enterprises have become data hoarders, however.

Risk 74
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What is business intelligence? Transforming data into business insights

CIO Business Intelligence

The term business intelligence often also refers to a range of tools that provide quick, easy-to-digest access to insights about an organization’s current state, based on available data. Benefits of BI BI helps business decision-makers get the information they need to make informed decisions.

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Research shows extensive use of AI contains data breaches faster and saves significant costs

IBM Big Data Hub

The Cost of a Data Breach 2023 global survey found that extensively using artificial intelligence (AI) and automation benefited organizations by saving nearly USD 1.8 million in data breach costs and accelerated data breach identification and containment by over 100 days, on average.