CIO Business Intelligence

MAY 14, 2024

According to Forrester’s Infrastructure Cloud Survey in 2023, 79% of roughly 1,300 enterprise cloud decision-makers surveyed said their firms are implementing internal private clouds, which will use virtualization and private cloud management. Private clouds provide more predictability because the infrastructure is dedicated.” Semple says.

IT 135

IT Data Processing Enterprise Modeling 135

IBM Big Data Hub

FEBRUARY 20, 2024

The model could potentially be used to identify conditions that raise the risks of wildfires and predict hurricanes and droughts. According to the European Union climate monitor Copernicus, 2023 was the warmest year on record—nearly 1.48 In some cases, the latter can mean rolling back older flood mitigation strategies.

Modeling 122

Modeling Forecasting Reporting Risk 122

Smart Data Collective

MARCH 2, 2023

In 2023, big data Is no longer a luxury. Big data technology can significantly improve the company’s pricing strategy. Predictive analytics technology can help companies forecast demand One of the biggest challenges businesses face in any economy is predicting demand for their products or services.

Big Data 82

Big Data Uncertainty Risk Data mining 82

Andrew White

JANUARY 2, 2023

What are your economic assumptions for 2023? So let’s just say I was right with my forecast, but my timing was a little off. Recession in 2023? My latest estimates align with others who suggest: USA recognizes a recession (effectively a double-dip) by Q2 2023. What is Ahead of Us in 2023?

Risk 52

Risk Marketing Data-driven Forecasting 52

CIO Business Intelligence

OCTOBER 18, 2023

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 132

Risk Manufacturing Enterprise Technology 132

CIO Business Intelligence

MAY 8, 2024

We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.” Machine decisions In August 2023, the Expion IT team, with support from executive leadership, launched an internal project to automate the complex underwriting process for prescription cost management.

IT 92

IT Cost-Benefit Insurance Unstructured Data 92

CIO Business Intelligence

FEBRUARY 13, 2023

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. At the same time, they are defunding technologies that no longer contribute to business strategy or growth. This should secure our business strategy for the next five years and longer.” IDC is forecasting a 5.1%

IT 145

IT Insurance Machine Learning Marketing 145

IBM Big Data Hub

MAY 25, 2023

In 2023 alone, IBM Consulting has interacted with more than 100 clients and completed dozens of engagements infusing generative AI alongside classical machine learning AI strategies. IDC 1 estimates the AI Services market will grow from approximately $36 billion USD in 2023 to approximately $65 billion USD in 2026.

Consulting 108

Consulting Experimentation Machine Learning Modeling 108

CIO Business Intelligence

SEPTEMBER 26, 2023

The combination of the smart meter data and weather forecast information would provide a calculated load profile in real-time, driving solar power production for the near future. With ML producing a total load profile in 15-minute intervals, forecasters could view solar production in eight-hour chunks.

Machine Learning 96

Machine Learning Forecasting Measurement Data Warehouse 96

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 87

Cost-Benefit Risk Strategy Manufacturing 87

IBM Big Data Hub

DECEMBER 5, 2023

Retailers recognize the need to build their strategies around AI, integrating it into many aspects of their operations. A recent forecast by the research analyst firm IHL Group predicts that generative AI will have a total financial impact of USD 9.2 The impact of these investments will become evident in the coming years.

Unstructured Data 95

Unstructured Data Cost-Benefit Experimentation Machine Learning 95

IBM Big Data Hub

FEBRUARY 13, 2024

Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Strategic sourcing can help mitigate some of that stress by reducing potential risks associated with supplier relationships.

Cost-Benefit 86

Cost-Benefit Scorecard Risk Recreation/Entertainment 86

CIO Business Intelligence

APRIL 29, 2024

When asked which challenges most often force IT to redirect time and focus away from strategy and innovation tasks, CIOs most commonly cited staff and skills shortages, changing business conditions, and addressing security threats. The State of the Tech Workforce 2024 report from nonprofit CompTIA , forecasts tech employment growth of 3.1%

IT 119

IT Consulting Technology Strategy 119

CIO Business Intelligence

DECEMBER 19, 2023

Cyber hygiene best practices include device security , cyber security education , and secure networking strategies. However, outdated operating systems can be more vulnerable to security risks because they may lack the latest security updates and patches, serving as an entry point for hackers to infiltrate networks.

Cost-Benefit 90

Cost-Benefit Risk Technology Forecasting 90

CIO Business Intelligence

JANUARY 18, 2024

Global spending on technology is predicted to be up by virtually all forecasts. In your entrepreneurial, niche market, startup companies will be going after that forward-thinking, innovative, born-in-the-cloud, data analytics– and AI-driven type business and technology risk-seeking expert.” Licciardello concurs.

IT 126

IT Data-driven Marketing Technology 126

CIO Business Intelligence

MARCH 15, 2023

Gartner’s downward revision of projected worldwide IT spending in 2023 from 5.1% growth underscores how inflation, interest rate fluctuations, and consumer spending are reshaping forecasts, investment portfolios, and the CIO agenda. Solicit input from trusted deputies and document the risks and implications of specific line items.

Uncertainty 83

Uncertainty Cost-Benefit Forecasting Insurance 83

CIO Business Intelligence

MAY 6, 2024

Here is a closer look at recent and forecasted developments in the cloud market that CIOs should be aware of. 2023: Greater flexibility, challenging decisions In 2023, the cloud services space — including hosting and managed and migration services — continued to experience impressive growth, eclipsing $564B in total spend.

Strategy 126

Strategy Marketing IT Data Processing 126

CIO Business Intelligence

AUGUST 7, 2023

IDC forecasts the growth rate of enterprise applications software sales will pick up in 2024, and remain steady through 2027, despite a dip this year as a result of CIOs continuing to pull back on spending due to economic headwinds. Software sales grew 9.8% Software sales grew 9.8% It expects that growth rate to dip to 8.5% through 2027.

Sales 52

Sales Enterprise Cost-Benefit Software 52

IBM Big Data Hub

MAY 6, 2024

In this chapter of the IBM series on clinical trial innovation, we spotlight key strategies for boosting recruitment speed, helping to ensure diversity, and harnessing digital advancements. It’s crucial to evaluate the feasibility of trials and refine protocols using evidence-based strategies.

Advertising 57

Advertising Data-driven Optimization Strategy 57

IBM Big Data Hub

APRIL 25, 2024

A comprehensive supply chain overhaul might involve rethinking procurement strategies, implementing just-in-time inventory systems, optimizing production schedules or redesigning transportation and distribution networks. Frustrated customers were left stranded in call lines and Bouygues at risk of being replaced by its competitors.

Cost-Benefit 62

Cost-Benefit Finance Optimization Key Performance Indicator 62

CIO Business Intelligence

JUNE 7, 2022

In business, when a trend is forecast to grow by more than 3000% and generate cost savings of $7.3 Those numbers represent the projected growth of chatbot interactions among banking customers between 2019 to 2023 and the cost savings from 862 hours less of work by support personnel, according to research by Juniper Research.

Unstructured Data 84

Unstructured Data Deep Learning Insurance Interactive 84

Rita Sallam

APRIL 2, 2023

Are there mitigation strategies that show reasons for optimism? Are there mitigation strategies that can be implemented successfully that could provide policy guidance and reasons for optimism in the face of ever increasing frequency of extreme weather events? million people at risk of catastrophic, flooding.

Optimization 52

Optimization Machine Learning Insurance Risk 52

Octopai

JUNE 21, 2021

Banking activities certainly have their risks, like credit risk (e.g. borrowers defaulting on loans) and operational risk (e.g. That distinction is the thrust of Fundamental Review of the Trading Book (FRTB) regulations, the last piece of Basel III, slated to go live on January 1st, 2023. Lending money. Borrowing money.

Risk 52

Risk Measurement Modeling Reporting 52

CIO Business Intelligence

MAY 24, 2023

That first and only refresh was on May 3, 2023. If you don’t know what problem you want to solve, then you cannot define your data strategy.” The biggest value comes when you can implement end-to-end use cases—combining manufacturing with sales forecast planning, for example.” It was always a waste of money,” she says. “If

Data Governance 96

Data Governance Data Quality Data Collection Management 96

CIO Business Intelligence

NOVEMBER 2, 2023

Rapid advancements in artificial intelligence (AI), particularly generative AI are putting more pressure on analytics and IT leaders to get their houses in order when it comes to data strategy and data management. Salesforce’s findings gibe with IDC’s Worldwide C-Suite Survey 2023-2024 , released in September.

Data Strategy 125

Data Strategy Strategy Sales Data Governance 125

CIO Business Intelligence

JULY 18, 2023

CIO.com’s 2023 State of the CIO survey recently zeroed in on the technology roles that IT leaders find the most difficult to fill, with cybersecurity, data science and analytics, and AI topping the list. As technology continues to advance at a rapid pace, the demand for qualified individuals has soared,” Chan says.

IT 88

IT Data Science IoT Digital Transformation 88

FineReport

MAY 31, 2023

Financial Dashboard Examples Note: All the financial dashboard examples shown in this article are created by FineReport , a powerful dashboard software that has been honorably mentioned by Magic Quadrant for ABI Platforms in 2023. You can download FineReport for free and have a try! Free Download of FineReport 1.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

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. Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing.

Enterprise 271

Enterprise Modeling Testing Reporting 271

IBM Big Data Hub

JANUARY 30, 2024

According to a recent forecast from Gartner (link resides outside ibm.com) worldwide end-user spending on public cloud services is expected to grow 20.4% billion in 2023. To overcome various challenges associated with multicloud , organizations need to map out a comprehensive multicloud management strategy to achieve overall success.

Strategy 100

Strategy Cost-Benefit Risk Optimization 100

Jen Stirrup

FEBRUARY 24, 2024

Problem-Solving Artificial Intelligence systems can leverage search and optimization algorithms to solve complex problems across many domains, from gaming strategies to logistics. These examples provide benefits and risks for smal businesses, which are discussed below. Ongoing bias testing is required (Forbes, 2023).

Cost-Benefit 70

Cost-Benefit Data-driven Testing Risk 70

IBM Big Data Hub

FEBRUARY 15, 2024

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important as it relates to a company’s business model, risk management strategy , reporting requirements and more. Consider investor expectations around net-zero targets.

Reporting 84

Reporting Consulting Risk Metrics 84

IBM Big Data Hub

MARCH 12, 2024

Today, utilities are meeting these challenges and risks with innovation by leaning on data and AI to prepare for the next event. Identifying at-risk assets in advance is a main challenge for utilities. Notably, during Winter Storm Elliott, the total load forecast was underestimated by 23,047 MW.

Risk 63

Risk Forecasting Data-driven IoT 63

CIO Business Intelligence

SEPTEMBER 26, 2023

But even as we remember 2023 as the year when generative AI went ballistic, AI and its ML (machine learning) sidekick have been quietly evolving over several years to yield eye-opening insights and problem-solving productivity for IT organizations. And rightly so. AIOps intelligence points you to the cause and spells out a recommendation.

IT 131

IT Key Performance Indicator Software Metadata 131

CIO Business Intelligence

APRIL 1, 2022

Consider that it may be easier to make one big decision well, rather than hundreds of smaller decisions that each have different payouts and risks. For example, buying stock in one company involves determining which stock will provide the best results, balanced with risk. Graph analytics is one of the fastest growing markets in AI.

Data-driven 80

Data-driven Deep Learning Risk Optimization 80

CIO Business Intelligence

APRIL 24, 2023

Across industries, companies are experimenting with more creative talent retention and acquisition strategies, including developing a pipeline of IT professionals that have unconventional backgrounds or are sourced from nontraditional applicant pools. Today, those two strategies are no longer enough.

IT 107

IT Strategy Software Insurance 107

Jet Global

OCTOBER 10, 2023

Further, as the demand for accurate reports and financial predictions increases amid a volatile economy, companies risk employee burnout and turnover. Connected global teams : COVID-19 quickly ushered in a new way of working, and by the end of 2023, Gartner forecasts that 39% of global knowledge workers will operate in a hybrid setting.

Finance 59

Finance Operational Reporting Reporting Forecasting 59

CIO Business Intelligence

MARCH 21, 2024

That echoes the message President Biden delivered in his October 2023 executive order on “Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence,” which in part calls for the hiring spree. “AI Penugonde says the White House AI Executive Order “has sparked interest nationwide in government AI roles.”

Strategy 117

Strategy Data-driven Forecasting Management 117