IBM Big Data Hub

MARCH 27, 2024

As businesses make plans to mitigate climate risks such as extreme weather events, they have an opportunity to innovate with new business models and demonstrate leadership by implementing more sustainable practices. What is climate risk? These risks can make it difficult or impossible for organizations to operate in affected locations.

Risk 67

Risk Forecasting Insurance Strategy 67

CIO Business Intelligence

NOVEMBER 27, 2023

Developing and deploying successful AI can be an expensive process with a high risk of failure. Six tips for deploying Gen AI with less risk and cost-effectively The ability to retrain generative AI for specific tasks is key to making it practical for business applications. The possibilities are endless, but so are the pitfalls.

Risk 132

Risk Cost-Benefit Modeling Optimization 132

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. The Milford, Conn.-based We’re keeping that tight control and keeping it in the private cloud.”

IT 131

IT Data Processing Enterprise Modeling 131

CIO Business Intelligence

OCTOBER 25, 2023

Enterprise use of AI tools will only grow, with industries like manufacturing leading the charge Our research shows that mirroring the broader AI trend, enterprises across industry verticals sharply increased their use of AI from May 2023 to June 2023, with sustained growth through August 2023.

Enterprise 133

Enterprise Risk Manufacturing Finance 133

CIO Business Intelligence

DECEMBER 28, 2023

The need to manage risk, adhere to regulations, and establish processes to govern those tasks has been part of running an organization as long as there have been businesses to run. Furthermore, the State of Risk & Compliance Report, from GRC software maker NAVEX, found that 20% described their programs as early stage. What is GRC?

Risk 115

Risk Risk Management Strategy Enterprise 115

CIO Business Intelligence

FEBRUARY 13, 2023

Earlier this year, Broadcom commissioned extensive industry research to learn how VSM adoption is evolving and which key trends are emerging in 2023. The findings from this survey are now available in a report entitled “ 2023 Value Stream Management Trends.” By the end of 2023, 60% of organizations will be shipping products using VSM.

Digital Transformation 145

Digital Transformation Management Reporting Data-driven 145

CIO Business Intelligence

DECEMBER 13, 2023

Shumon Zaman, Chief Digital and Information Officer at Ali&Sons explains to CIO Middle East what are the top 7 technologies that have changed the tech landscape in 2023. trillion in economic value (according to Mckinsey) through specific use cases and productivity enhancements, emphasizing its significant potential.

Machine Learning 119

Machine Learning Software Testing Risk 119

CIO Business Intelligence

NOVEMBER 15, 2023

Here’s some of the top AI news CIOs will want to take away from Microsoft Ignite 2023. Organizations concerned about the risks of maintaining such written records will be able to turn the feature off by default or per meeting. The new Copilot will be generally available from Dec.

Sales 135

Sales Enterprise Modeling Dashboards 135

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 111

IT Cost-Benefit Insurance Unstructured Data 111

CIO Business Intelligence

JANUARY 9, 2024

The October 2023 CEO Outlook Pulse from professional services firm EY reported that 99% of chief executives were planning to invest in generative AI. AI has been around for a long time,” he says, “but when gen AI came out and really exploded in early 2023, a lot of firms — including ours — said no to it.

IT 140

IT Risk Cost-Benefit Enterprise 140

CIO Business Intelligence

MARCH 3, 2024

For its 2023 Security Priorities report, Foundry surveyed 790 IT security workers to understand their projects and priorities. And only 45 percent of CISOs were very or somewhat concerned about the risks of unsecured printers, compared to 72 percent of CIOs. Its conclusions were less than optimal.

IT 111

IT Measurement Risk Testing 111

Laminar Security

JUNE 8, 2023

This widespread cloud transformation set the stage for great innovation and growth, but it has also significantly increased the associated risks and complexity of data security, especially the protection of sensitive data. billion in 2023 , a 20.7% Worldwide spending on public cloud services is expected to reach $591.8

Statistics 82

Statistics Risk Reporting Unstructured Data 82

IBM Big Data Hub

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. A 2023 IBM IBV study showed that organizations that are seen as ESG leaders are 43% more likely to outperform their peers on profitability. So how does ESG risk management help the bottom line?

Risk Management 86

Risk Management Risk Management Metrics 86

CIO Business Intelligence

MARCH 21, 2024

In 2018, the day after his employer publicly announced it was being acquired, Lynn Lovelady, then VP of IT at Energen, received a pivotal phone call that would reshape his career. The Birmingham, Ala.-based To address the growing pains, Lovelady reinforced the importance of strategic planning for IT.

IT 111

IT Manufacturing Risk Management Risk 111

CIO Business Intelligence

AUGUST 4, 2023

In collaboration with our peers, we have a solid business sense that carefully weighs innovation and risk in order to gain valuable ROI while protecting the organization from all forms of risk associated with each project. If reversible, then there’s clearly less risk. What’s new and different today?

Risk 98

Risk Risk Management ROI Technology 98

CIO Business Intelligence

MARCH 11, 2024

And yet, IT teams face significant challenges, including: • Addressing information overload • Predicting capacity planning • Assessing risks that are sometimes unknown • Meeting complicated regulatory standards Complexity is the common thread that runs through these challenges. IT professionals are already overwhelmed by alerts and tasks.

IT 98

IT Digital Transformation Reporting Predictive Analytics 98

IBM Big Data Hub

SEPTEMBER 13, 2023

According to the Cost of a Data Breach 2023 Report by IBM, the average cost of a data breach reached a record high of USD 4.45 Incorporating an effective attack surface management tool into your security strategy can significantly help you mitigate the risks of data breaches. million this year.

Risk 104

Risk Management Strategy Measurement 104

Smart Data Collective

MARCH 15, 2023

Furthermore, with the widespread adoption of cloud-based solutions, the risk of cyber-attacks has increased significantly. Therefore, it is imperative that businesses prioritize the implementation of robust cloud data security measures to protect sensitive data and mitigate the risks of cyber-attacks.

Risk 94

Risk Measurement Visualization Management 94

IBM Big Data Hub

JUNE 19, 2023

trillion in 2023 because of these disruptions. The report estimates that developing countries could lose up to USD 426 billion in 2023 because of these disruptions. Companies can manufacture products closer to the consumer, reducing the risk of disruption caused by natural disasters and geopolitical instability.

Risk 84

Risk Manufacturing Reporting Modeling 84

CIO Business Intelligence

NOVEMBER 7, 2023

As the end of 2023 approaches, it becomes imperative to assess the current landscape of cybersecurity threats, explore potential strategies to combat them, and explore the new practice measures that can be taken. PAM can help prevent insider threat risks and reduce the potential of credentials becoming compromised.

Measurement 131

Measurement Risk Strategy Statistics 131

Ontotext

OCTOBER 11, 2023

SEMANTiCS 2023 kicked off with a Pre-conference day that offered an awesome lineup of business and academia talks. Andreas Blumauer presenting his talk: Responsible AI and LLMs SEMANTiCS 2023 Andreas focused on how we can take the best of both worlds and work on responsible, explainable generative AI. Are LLMs Knowledgeable?

Metadata 69

Metadata Cost-Benefit Marketing Modeling 69

CIO Business Intelligence

AUGUST 1, 2023

Undertaken in conjunction with Miami University’s IT department, ILDA has been awarded a 2023 CIO 100 Award for IT innovation and leadership. It wasn’t until the 1990s that Indigenous rights were recognized by the US government, along with the right to their heritage, language, and culture.

Risk 98

Risk IT Software Digital Transformation 98

CIO Business Intelligence

FEBRUARY 14, 2024

People aren’t going back and decluttering because there’s no cost to that — except in your risk profile and your decreased search performance,” says Buckley. But the usual laundry list of priorities for IT hasn’t gone away. CIOs need to do all the things to make AI workloads run well and in a disciplined and hygienic way,” he says.

IT 143

IT Metadata Data-driven Management 143

CIO Business Intelligence

APRIL 29, 2024

CIOs must redirect resources when technologies as revolutionary as generative AI come to market or risk falling behind or becoming obsolete — in which case, hitting other strategic goals won’t matter much. To Carm Taglienti, the explosion of all things AI over the past few years has been both a pro and a con to IT teams.

IT 128

IT Consulting Technology Strategy 128

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. CFOs want certainty when it comes to spend. Meanwhile, CIOs want certainty when it comes to funding.

Modeling 124

Modeling Cost-Benefit IT ROI 124

IBM Big Data Hub

DECEMBER 14, 2023

As it has become tradition , the team creating the looks back and shares the personal highlights of the year 2023. Now, on to our personal highlights of 2023… Frederic AI – Last year in December, the buzz surrounding AI was palpable. Its goal is to advance open, safe and responsible AI. Quite fascinating.

Experimentation 73

Experimentation Testing Software Management 73

CIO Business Intelligence

MARCH 5, 2024

In addition, Fresenius experienced security risks first-hand. Transformation should be completed quickly, without getting lost in the minutiae, says Ingo Elfering, group CIO of Fresenius. It’s better to do it quickly, like taking a Band-Aid off, even if it hurts for a short time,” he summed up at the recent Hamburg IT Strategy Days 2024.

IT 105

IT Digital Transformation Cost-Benefit Strategy 105

CIO Business Intelligence

APRIL 30, 2024

The threat of cyberattack has never been higher, and nearly nine in 10 (88%) of security leaders believe their organization is not meeting the challenge of addressing security risks, according to the Foundry Security Priorities Study 2023. Specifically, we needed to better protect OT operations,” Ortiz explained. “At

Manufacturing 119

Manufacturing Snapshot Risk Sales 119

CIO Business Intelligence

FEBRUARY 27, 2023

To understand how organizations may be approaching their cloud strategies and tech investments in 2023, members of VMware’s Tanzu Vanguard community shared their insights on what trends will take shape. The growth of Kubernetes, and the benefits it brings to organizations, is not something that is going away.

Cost-Benefit 145

Cost-Benefit Digital Transformation Strategy Software 145

CIO Business Intelligence

JANUARY 19, 2024

Improved forecasting has helped boost inventory management, minimize the risk of stockouts or overstocking, and reduce waste related to inefficiencies. An award-winning culture For its achievements, Dannon received an Honorable Mention in the 2023 SAP Innovation Awards, now in its 10 th year. Digital Transformation

Forecasting 122

Forecasting IT Digital Transformation Machine Learning 122

Timo Elliott

MAY 8, 2023

With help from SAP solutions, the team is now in a better position to pro-actively mitigate risks, and potential failures, by enabling proactive scheduled preventive maintenance strategies with increased availability. To get the details information, you can read the summary blogpost , or or listen to the podcast with Tamara McCleary.

IoT 103

IoT Cost-Benefit Machine Learning Risk 103

CIO Business Intelligence

NOVEMBER 8, 2023

in September, 2023, the price pressures facing IT have persisted. in September, 2023, the price pressures facing IT have persisted. Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. While inflation challenges have moderated in the US from a high of 9.1% Here’s how.

IT 133

IT Cost-Benefit Digital Transformation Software 133

CIO Business Intelligence

MAY 13, 2023

Artificial intelligence (AI) in 2023 feels a bit like déjà vu to me. And more specifically, how do CIOs, CSOs, and cybersecurity teams learn to deal with technology that may pose serious security and privacy risks? The good, the bad, and the scary I look at the good, the bad, and the scary of this recent Microsoft announcement.

Risk 137

Risk Marketing Enterprise Technology 137

CIO Business Intelligence

AUGUST 28, 2023

Yet the leading tech execs who make up CIO’s 2023 CIO Hall of Fame share many of the same attributes, attitudes, and ambitions. And they express a commitment to continuous learning and a willingness to take risks — not just with technology but with their careers. That’s as true for CIOs as any other enterprise leader.

IT 98

IT Strategy Technology Sales 98

CIO Business Intelligence

FEBRUARY 24, 2023

As organizations move to the next generation of connectivity, they will also need to confront potential new security risks. There is also a risk of side-channel attacks, whereby an attacker is able to gain access to one piece of a virtualized infrastructure stack and then move laterally to exploit other connected elements.

Risk 122

Risk Digital Transformation IoT Enterprise 122

CIO Business Intelligence

MAY 17, 2022

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 145

Risk Consulting Machine Learning Data Science 145

CIO Business Intelligence

NOVEMBER 27, 2023

Cybersecurity risks This one is no surprise, given the scary statistics on the growing number of cyberattacks, the rate of successful attacks, and the increasingly high consequences of being breached. For example, it highlighted a 153% rise in global ransomware attacks from September 2022 to September 2023.

IT 138

IT Digital Transformation Reporting Finance 138