CIO Business Intelligence

MAY 17, 2024

IT is an ever-changing industry, a truism that 2023 underscored, thanks in large part to the meteoric rise of generative AI. This is especially true for industries such as financial services, higher education, manufacturing, and the public sector, he adds.

IT 106

IT Insurance Reporting Manufacturing 106

CIO Business Intelligence

FEBRUARY 27, 2024

Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024. The resulting infrastructure of choice — a combination of on-premises and hybrid-cloud platforms — will aim to reduce cost overruns, contain cloud chaos, and ensure adequate funding for generative AI projects.

Strategy 143

Strategy Cost-Benefit Data Processing Data-driven 143

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

CIO Business Intelligence

SEPTEMBER 25, 2023

To do so, Nardecchia and his team sought to incorporate “digital threads” into the company’s hardware and thereby expand its business model beyond manufacturing into software-as-a-service. “We In this way, Rockwell has transformed into a partner that accompanies customers throughout the lifecycle of manufacturing, he says.

Modeling 101

Modeling Manufacturing Digital Transformation Cost-Benefit 101

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. An early case study of BPR was Ford Motor Company, which successfully implemented reengineering efforts in the 1990s to streamline its manufacturing processes and improve competitiveness.

Cost-Benefit 62

Cost-Benefit Finance Optimization Key Performance Indicator 62

Smart Data Collective

NOVEMBER 4, 2021

A geolocation transponder is very useful on a highway, since it picks up the beacon and charges the cost to your account. Here are some benefits of big data provided by GPS technology: It helps car companies learn more about the driving behaviors of their customers, so vehicles can be designed to meet their needs.

Optimization 109

Optimization Big Data Cost-Benefit Manufacturing 109

FineReport

APRIL 26, 2023

Cost Savings : Big data tools such as FineReport , Hadoop, Spark, and Apache can assist businesses in saving costs by storing and handling huge amounts of data more efficiently. For example, a computer manufacturing company could develop new models or add features to products that are in high demand.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

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. Access the Food Trust ebook Building strong partnerships Strong relationships are a key part of any business strategy.

Strategy 88

Strategy Management Forecasting Cost-Benefit 88

IBM Big Data Hub

JUNE 30, 2023

80% of manufacturers report MRO asset management in their facilities needs improvement 60% of construction companies admit their industry is behind when it comes to adopting digital technology 5 ways the industrial sector can improve its supply chain resiliency 1. Lower fulfillment shipping costs and improved customer satisfaction.

Consulting 72

Consulting Cost-Benefit Manufacturing B2B 72

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. The benefits of strategic sourcing are vast, ranging from overall supply chain process optimization to more cost-effective, long-term relationships with partners.

Cost-Benefit 86

Cost-Benefit Scorecard Risk Recreation/Entertainment 86

CIO Business Intelligence

MARCH 11, 2024

2023 was a challenging year, to say the least, for our industry – and software/SaaS vendors were hit particularly hard. Solutions that not only span functions, but also have industry-specific features and benefits that provide more value by supporting and enabling users to be productive and more competitive in specific industries.

Manufacturing 80

Manufacturing Cost-Benefit Finance Marketing 80

CIO Business Intelligence

MARCH 7, 2023

As companies strive to transform their business models specifically in manufacturing, supply chain, project management, and sales, the uptick in hiring IT talent was seen as a natural progression.” The new resources have come at a 30% to 40% additional cost but there has only been an incremental y-o-y increase of 10% to 12% in our budgets.”

IT 99

IT Cost-Benefit Manufacturing Technology 99

CIO Business Intelligence

SEPTEMBER 11, 2023

The economy of Bahrain, an archipelago of islands in the Arabian Gulf, has always been open and diversified, with particular strengths in financial services, manufacturing and logistics. As IDC suggests, the full impact of Bahrain’s long-term digital strategy is likely to become apparent in 2023. And there’s more to come.

Digital Transformation 91

Digital Transformation Cost-Benefit Statistics Strategy 91

CIO Business Intelligence

JANUARY 22, 2024

McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5 Organizations across all industries can benefit from secure practices to limit their remote access exposures. These targets are more appealing to threat actors because they haven’t been regularly maintained in the past.

Digital Transformation 119

Digital Transformation Risk Cost-Benefit Risk Management 119

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. The October 2023 CEO Outlook Pulse from professional services firm EY reported that 99% of chief executives were planning to invest in generative AI.

IT 124

IT Risk Cost-Benefit Enterprise 124

CIO Business Intelligence

DECEMBER 18, 2023

In 2023, leading organizations in the region shifted gears towards DX 2.0, The cost of developing and running GenAI-enabled business use cases will be among the key inhibitors of this technology in the short run. How can CIOs benefit from these new regions in 2024? and made rapid progress towards becoming “digital businesses”.

Cost-Benefit 90

Cost-Benefit Risk Strategy Manufacturing 90

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. Our focus is on curating reusable data and AI insights,” she says.

Cost-Benefit 134

Cost-Benefit Digital Transformation Consulting Strategy 134

CIO Business Intelligence

MAY 26, 2023

When Reliance Polyester — a subsidiary of global conglomerate Reliance Industries — completed its acquisition of polyester business Shubhalakshmi Polyesters (SPL) in March 2023, Dr. Amrut Urkude, CIO of SPL, took over as CIO of Reliance Polyester. It is divided into three verticals — business IT, manufacturing IT, and central IT.

Interactive 91

Interactive Manufacturing Cost-Benefit ROI 91

CIO Business Intelligence

MAY 24, 2023

manufactured his own line of medicines to ensure high quality and low prices. The retailer doesn’t have to incur the cost of purchasing and stocking vendor inventory. Walgreens has improved its efficiency, cut costs, and created a better work environment for its employees, eliminating the time and effort required for fixes.

Cost-Benefit 59

Cost-Benefit Sales Digital Transformation Manufacturing 59

CIO Business Intelligence

FEBRUARY 17, 2023

Tokyo-based printer manufacturer Konica Minolta, for instance, is seeing a jump in business that its US subsidiary CIO cannot quantify now but is confident will show in future earnings. The connected office of the future Lee, formerly an IT exec at GE for 21 years, says Konica Minolta is celebrating its 150th year in business in 2023.

Digital Transformation 105

Digital Transformation IoT Manufacturing Sales 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 98

Reporting Cost-Benefit Internet of Things Data-driven 98

IBM Big Data Hub

MARCH 14, 2024

Apple was one of the first manufacturers to test the appetite for 5G in 2020 by offering its newest iPhone with 5G compatibility. According to this recent IDC white paper (link resides outside ibm.com), in the US alone, almost 120 million 5G devices were expected to ship by the end of 2023—a 9.3 % increase over the previous year.

Technology 61

Technology IoT Cost-Benefit Internet of Things 61

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

CIO Business Intelligence

AUGUST 7, 2023

According to the 2023 State of the CIO research , 85% of IT leaders have come to view the CIO role through the lens of changemaker — a vantage point not likely to shift as the role becomes more digital and innovation focused. When the manufacturing plant started the program, they had a multi-day retreat, which I personally attended.

IT 85

IT Sales Manufacturing Cost-Benefit 85

CIO Business Intelligence

APRIL 20, 2023

His concerns are backed up by the Intergovernmental Panel on Climate Change (IPCC), which on March 20, 2023, said it’s unlikely the world will keep to its Paris Climate Accord promises. They can cut costs and generate additional revenue streams.” This will have a knock-on environmental benefit.

Consulting 89

Consulting Cost-Benefit Insurance Finance 89

CIO Business Intelligence

AUGUST 22, 2023

It is no longer enough to manufacture and ship a piece of hardware. According to Lenovo’s Global Study of CIOs 2023 , the biggest challenges CIOs are facing include insufficient budgets for digital transformation, concerns about organizational resilience, and expanding responsibilities beyond their traditional roles.

Digital Transformation 94

Digital Transformation Cost-Benefit Marketing Metrics 94

DataKitchen

MARCH 16, 2023

Gartner attempted to list every metric under the sun in their recent report , “T oolkit: Delivery Metrics for DataOps, Self-Service Analytics, ModelOps, and MLOps, ” published February 7, 2023. There are four main benefits of reducing errors. Forty-five metrics! Where is the problem? Customer expectations are high for your team.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

AWS Big Data

MARCH 10, 2023

Moreover, many customers are looking for an architecture where they can combine the benefits of a data lake and a data warehouse in the same storage location. With Iceberg, ingestion, update, and querying processes can benefit from atomicity, snapshot isolation, and managing concurrency to keep a consistent view of data.

Data Lake 102

Data Lake Sales Data Warehouse Snapshot 102

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode. This is an issue for CIOs.

Strategy 95

Strategy Risk Enterprise Risk Management 95

CIO Business Intelligence

MAY 16, 2022

To reap the benefits, organizations need to modernize with a decentralized data strategy that delivers the speed and flexibility necessary for driving smarter outcomes for the business. The concept of the edge is not new, but its role in driving data-first business is just now emerging. That’s the promise of edge computing.”.

IoT 82

IoT Data Warehouse Internet of Things Machine Learning 82

CIO Business Intelligence

JANUARY 4, 2023

In its Worldwide Sustainability/ESG 2023 Predictions , analyst firm IDC sees digital and sustainability transformations converging. This should not just be a discussion about costs; sustainability should be considered as a business outcome.” This will drive down your cost and have a positive impact on sustainability at the same time.”

IT 124

IT Internet of Things Reporting Cost-Benefit 124

IBM Big Data Hub

MARCH 18, 2024

Inexhaustible supply One of the main benefits of renewable energy sources like the sun, wind and water is that they will never run out. In contrast, non-renewable resources are not only finite, but cost more as their availability declines and require more extreme extraction methods with greater environmental impacts.

Cost-Benefit 19

Cost-Benefit Forecasting Manufacturing Optimization 19

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 140

Cost-Benefit Metrics Insurance Measurement 140

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. 54% of AI users expect AI’s biggest benefit will be greater productivity. Late in 2023, we suspect that relatively few companies have a policy.

Enterprise 271

Enterprise Modeling Testing Reporting 271

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

OCTOBER 26, 2023

An even greater reason given was the desire to consolidate systems architecture and reduce the number of “point solutions” – which 80% of respondents cited as a consolidation driver – while 69% of respondents cited finance driven cost-cutting. When we asked about the intensity of that pressure, 83% cited a moderate to high degree of pressure.

IT 105

IT Cost-Benefit Data-driven Manufacturing 105

CIO Business Intelligence

SEPTEMBER 1, 2023

Until recently, software-defined networking (SDN) technologies have been limited to use in data centers — not manufacturing floors. But as part of Intel’s expansive plans to upgrade and build a new generation of chip factories in line with its Integrated Device Manufacturing (IDM) 2.0

Manufacturing 127

Manufacturing IT Cost-Benefit IoT 127