CIO Business Intelligence

JUNE 30, 2023

And we’ll let you in on a secret: this means nailing your data strategy. All of this renewed attention on data and AI, however, brings greater potential risks for those companies that have less advanced data strategies. This involves a mindset shift, and, of course, a comprehensive data strategy.

Internet of Things 75

Internet of Things Strategy Data Strategy Risk 75

Timo Elliott

MAY 22, 2023

It enables customers to truly measure their carbon footprints by moving from average carbon emissions to actuals. “We Surfing through the supply chain The launch of SAP Business Network for Industries at SAP Sapphire is also a key part of the company’s strategy. “We

Technology 111

Technology Modeling Manufacturing Dashboards 111

CIO Business Intelligence

OCTOBER 11, 2023

For its AI Priorities Study 2023 , Foundry surveyed IT decision-makers who have either implemented AI and generative AI technologies in their organizations, have plans to, or are actively researching them. Artificial Intelligence, Generative AI, IT Strategy

IT 120

IT Software Testing Manufacturing 120

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 129

Risk Manufacturing Enterprise Technology 129

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? 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. Under Velocity, the Mean Time to Deliver Data metric measures the time it takes to deliver data.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

CIO Business Intelligence

SEPTEMBER 12, 2023

i] NIS2 was adopted in early 2023 as a response to increasing digitalization and rising cybersecurity threats stemming from the COVID-19 pandemic and the Russia-Ukraine War. Sectors now subject to NIS2 compliance include food production, processing, and distribution; postal and courier services; and manufacturing and digital providers. [ii]

IoT 70

IoT Measurement Manufacturing Finance 70

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 121

IT Digital Transformation ROI Strategy 121

CIO Business Intelligence

DECEMBER 12, 2023

But we’ll do it in a measured way.” It’s a big project for us in terms of defining our strategy for data and AI, but also for automation.” When it comes to anything generative AI or automation orientated, “Everybody wants to help us on that journey.” There’s demand for it, too. Our business is absolutely craving it,” he adds.

Digital Transformation 103

Digital Transformation Manufacturing Consulting Software 103

CIO Business Intelligence

JUNE 5, 2023

Digital transformation is indeed a cornerstone of business strategy today, as 89% of enterprises see digital business as core to their growth, according to Gartner’s Board of Directors 2023 Survey. For example, strategy building skills enable IT teams to unlock new business opportunities.

Digital Transformation 139

Digital Transformation Manufacturing Strategy Management 139

IBM Big Data Hub

OCTOBER 9, 2023

At the beginning of 2023, according to IBM Security’s “ Threat Intelligence Index ” report, healthcare was in the top 10 most-attacked industries on the planet. The “ Cost of a Data Breach 2023” report also uncovered that, since 2020, healthcare data breach costs have increased by 53.3%.

Risk Management 78

Risk Management Risk Management Measurement 78

CIO Business Intelligence

NOVEMBER 28, 2023

And while all organizations work hard to prevent attacks through traditional security measures such as multi-factor authentication, patching, training, and more, the bad guys increasingly find their way in through poorly thought-out, scattered access and identity management practices. The second consideration is identity for IoT devices.

Management 96

Management IoT Sales Manufacturing 96

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

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. Organizations of all sizes and industries implement business process reengineering. BPR initiatives generally boost key performance indicators (KPIs).

Cost-Benefit 58

Cost-Benefit Finance Optimization Key Performance Indicator 58

Jedox

DECEMBER 28, 2021

No matter the industry, whether in manufacturing, retail, or banking, automated processes offer the opportunity enhance resource allocation, allowing employees to spend more time on strategy and value creation that improves long-term business performance. As a result, companies will rely more heavily on collaboration.

Digital Transformation 97

Digital Transformation Finance Machine Learning Forecasting 97

CIO Business Intelligence

JUNE 6, 2023

Organize frequent startup pitches and demos With venture capital investment continuing to fall in 2023 , more startups should find themselves eager to partner with enterprises, and that presents IT leaders a wealth of opportunities to improve their innovation outlook. Digital Transformation, Innovation, IT Strategy, Startups

Key Performance Indicator 104

Key Performance Indicator Cost-Benefit Enterprise Experimentation 104

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

datapine

MAY 31, 2022

We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. That’s why it is important to implement a secure BI cloud tool that can leverage proper security measures. The survey by Flexera mentioned above shows that 89% of enterprises have a multi-cloud strategy.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

NOVEMBER 15, 2023

This article was co-authored by Ishan Prakash , a Manager at Metis Strategy. Once relegated to a role of support, the function now can inform entire strategies as critically as it does key processes or core products. By Gartner’s estimations, overall IT spending will grow in 2024 by 8%, more than double that of 2022 and 2023—2.9%

Publishing 112

Publishing Reporting IT Finance 112

Smart Data Collective

JULY 26, 2023

of all global retail sales will be conducted entirely online during 2023, representing a yearly growth rate of around 2% with figures expected to climb to 24% by 2026. Strategies can be planned and formulated from inception to implementation with both physical and cyber security threats equally considered throughout.

Big Data 85

Big Data Data-driven Management Optimization 85

IBM Big Data Hub

MARCH 28, 2024

billion in 2023. Enterprise organizations in industries that need to meet strict regulatory compliance standards or comply with data sovereignty laws (manufacturing, energy, oil and gas) frequently choose private cloud environments when they need to meet strict regulatory standards. billion by 2033, up from USD 92.64

Enterprise 100

Enterprise Cost-Benefit Data Processing Software 100

Jet Global

FEBRUARY 2, 2023

As a result, measuring success by financials alone isn’t enough for construction and engineering professionals. The State of Construction Industry in 2023 The construction industry has experienced healthy growth in recent years. in 2023 after a 2% rise last year. Globally, construction is projected to grow substantially.

Uncertainty 52

Uncertainty KPI Reporting Measurement 52

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. The augmented analytics market is estimated to reach USD 13 BN by 2023, with the CAGR of an astonishing 24%. 8) Mobile BI.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

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. Anu Khare / Oshkosh Corp.

IT 88

IT Manufacturing IoT Cost-Benefit 88

IBM Big Data Hub

APRIL 18, 2024

According to Andreessen Horowitz (link resides outside IBM.com ) , in 2023, the average spend on foundation model application programming interfaces (APIs), self-hosting and fine-tuning models across surveyed companies reached USD 7 million. This newfound knowledge paves the way for a deeper understanding of the universe’s origins.

Cost-Benefit 91

Cost-Benefit Modeling Manufacturing Interactive 91