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

Cloudera

JANUARY 5, 2023

In the past year, businesses who doubled down on digital transformation during the pandemic saw their efforts coming to fruition in the form of cost savings and more streamlined data management. This is especially so in industries like telecom, retail, healthcare, manufacturing, insurance, and financial services.

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

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. A minimum of three years progressive AI experience?

IT 130

IT Insurance Reporting Manufacturing 130

CIO Business Intelligence

NOVEMBER 15, 2023

2023 has been a break-out year for generative AI technology, as tools such as ChatGPT graduated from lab curiosity to household name,” CIO writes in a roundup of the latest generative AI announcements. Not everyone concedes the benefits of AI and ERP, she says. Is it really for you?

Digital Transformation 123

Digital Transformation Cost-Benefit ROI Manufacturing 123

CIO Business Intelligence

MAY 21, 2024

Putting new models to work Labor-scheduling SaaS MakeShift is another organization looking beyond the LLM to help perform complex predictive scheduling for its healthcare, retail, and manufacturing clients. “We And the benefits of MakeShift’s use of AI are beginning to multiply.

IT 124

IT Cost-Benefit Experimentation Forecasting 124

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 99

Modeling Manufacturing Digital Transformation Cost-Benefit 99

CIO Business Intelligence

FEBRUARY 27, 2023

Italian insurer Reale Group found itself with four cloud providers running around 15% of its workloads, and no clear strategy to manage them. “It That’s according to a new study of enterprise cloud usage by 451 Research, which also looked at what enterprises are running across multiple public clouds, and how they measure strategy success.

Cost-Benefit 143

Cost-Benefit Insurance Optimization Enterprise 143

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 58

Cost-Benefit Finance Optimization Key Performance Indicator 58

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.

Cost-Benefit 133

Cost-Benefit Digital Transformation Consulting Strategy 133

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

While I expected this exercise to confirm that consolidation is real, I was pleasantly surprised with the degree to which the CIO Tech Talk Community confirmed it – and how they are taking steps to realign their procurement and vendor management strategies.

IT 104

IT Cost-Benefit Data-driven Manufacturing 104

CIO Business Intelligence

APRIL 10, 2023

By Andy Nallappan, Chief Technology Officer & Head of Software Business Operations, Broadcom This is a continuation of Broadcom’s blog series: 2023 Tech Trends That Transform IT. The continuing acceleration of that customization in the year ahead is why multi-cloud is one of the top technology trends transforming technology in 2023.

Enterprise 88

Enterprise Cost-Benefit Data-driven Software 88

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. The long-term plan kicked off in 2007 with a strategy to digitise government.

Digital Transformation 89

Digital Transformation Cost-Benefit Statistics Strategy 89

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. In 2023, leading organizations in the region shifted gears towards DX 2.0,

Cost-Benefit 88

Cost-Benefit Risk Strategy Manufacturing 88

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. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Other companies may choose to leverage a type of sourcing called near-sourcing.

Cost-Benefit 80

Cost-Benefit Scorecard Risk Recreation/Entertainment 80

CIO Business Intelligence

MAY 13, 2024

Overall, IT projects are meant to create a leaner, more profitable company, says Bilker, CIO of manufacturer Lift Solutions Holding. Corporate and IT strategy are one, and technology is the tool to deliver strategic objectives. In contrast, CEOs didn’t even list AI in their top 10 priorities for CIOs in 2023.

IT 126

IT Digital Transformation ROI Strategy 126

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 68

Consulting Cost-Benefit Manufacturing B2B 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. 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 123

IT Risk Cost-Benefit Enterprise 123

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 267

Enterprise Modeling Testing Reporting 267

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

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 97

IT Cost-Benefit Manufacturing Technology 97

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 104

Digital Transformation IoT Manufacturing Sales 104

CIO Business Intelligence

JUNE 6, 2023

The implication is that while some businesses are cutting costs and many tech companies are announcing layoffs, forward-looking enterprises are investing and collaborating with startups. CEO, and principal of smart manufacturing at Connektedminds, suggests that CIOs envision how the startup relationship might evolve longer term.

Key Performance Indicator 104

Key Performance Indicator Cost-Benefit Enterprise Experimentation 104

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 88

Consulting Insurance Cost-Benefit Finance 88

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 89

Interactive Manufacturing Cost-Benefit ROI 89

IBM Big Data Hub

FEBRUARY 7, 2024

1 In pursuit of net zero, organizations will focus their sustainability efforts on two paths in 2024: Clean energy : The transition from fossil fuels to renewable energy sources is central to sustainability strategies and net zero initiatives, and was a central issue last year at the United Nations’ COP28 climate summit.

Reporting 91

Reporting Internet of Things Cost-Benefit Data-driven 91

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

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. How edge refines data strategy. The concept of the edge is not new, but its role in driving data-first business is just now emerging.

IoT 82

IoT Data Warehouse Internet of Things Machine Learning 82

CIO Business Intelligence

JANUARY 30, 2024

The job is so large that Allianz Technology CTO Gülay Stelzmüllner, then CIO, hired Karcher in October 2022 to develop the company’s ESG reporting strategy because she didn’t have enough time to strategize for it herself, given her ongoing CIO duties. There are several things you need to report attached to that number.”

Reporting 100

Reporting Data Quality Strategy Data-driven 100

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 91

Cost-Benefit Modeling Manufacturing Interactive 91

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!

Metrics 130

Metrics Data Analytics Analytics Measurement 130

AWS Big Data

MARCH 10, 2023

You can simplify your data strategy by running multiple workloads and applications on the same data in the same location. 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.

Data Lake 105

Data Lake Sales Data Warehouse Snapshot 105

IBM Big Data Hub

AUGUST 15, 2023

Here are some of the ways organizations today are making that shift and reaping the benefits of AI in a practical and ethical way. Recent AI developments are also helping businesses automate and optimize HR recruiting and professional development, DevOps and cloud management, and biotech research and manufacturing.

IT 76

IT Data Governance Modeling Cost-Benefit 76

CIO Business Intelligence

AUGUST 15, 2023

We’re past the point of inflection: Information technology no longer merely supports or even drives an organization’s strategy; it has the power to transform and expand organizational missions and open up new strategic possibilities. Oshkosh tracks manufacturing assets with IoT Organization: Oshkosh Corp.

IT 93

IT Manufacturing IoT Cost-Benefit 93

CIO Business Intelligence

AUGUST 8, 2023

For leading snack manufacturer Frito-Lay, direct-to-store delivery is essential business. billion through this model, which enhances efficiency and slashes labor costs by reducing the number of touchpoints. The PepsiCo Foods North America (PFNA) subsidiary generates more than 95% of its annual revenue of $19.6

Modeling 97

Modeling IT Sales Cost-Benefit 97

datapine

NOVEMBER 27, 2019

In 2020, BI tools and strategies will become increasingly customized. Accordingly, the rise of master data management is becoming a key priority in the business intelligence strategy of a company. According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

CIO Business Intelligence

DECEMBER 7, 2022

Gartner predicts 2023 IT spending will grow 5.1% billion industrial manufacturing company headquartered in Chicago, says Ron Mathis, corporate IT operations director. Cloud-related services’ cost has risen by between 5% and 7% this year compared to last, IDC says. Puritan Life’s Duty says she regularly conducts cost reviews. “We

IT 131

IT Insurance Cost-Benefit Risk Management 131