CIO Business Intelligence

MARCH 21, 2024

Combined with an outstanding internal ERP implementation team, Lovelady worked with business units to put their best talent on the ERP initiatives, which in 2023 alone, led to four on-time deployments. Besides, our businesses shouldn’t have to worry that outdated network equipment is putting their operation at risk.”

IT 110

IT Manufacturing Risk Management Risk 110

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. Luckily, many are expanding budgets to do so. “94%

Digital Transformation 140

Digital Transformation Unstructured Data Machine Learning Risk Management 140

CIO Business Intelligence

OCTOBER 20, 2023

In fact, the number of mainframe workloads is growing , especially now that manufacturers have engineered blades that are ideal for running generative AI. In 2019, half of enterprises surveyed said their number of mainframe workloads had grown; in 2023, 62% said the same 1. Retrieved 27 September 2023. But that hasn’t happened.

Manufacturing 128

Manufacturing Management Enterprise Risk 128

Jet Global

MARCH 20, 2023

Providing a direct connection to key data sources, Angles Professional brings real-time access to source data, lowering implementation risk and eliminating the need for technical expertise. Attendees at the Gartner Data & Analytics Summit – taking place this week in Orlando, FL – should visit the insightsoftware booth (#718).

Operational Reporting 52

Operational Reporting Reporting Uncertainty Finance 52

CIO Business Intelligence

JUNE 30, 2023

All of this renewed attention on data and AI, however, brings greater potential risks for those companies that have less advanced data strategies. Can I also trust the mechanism by which I share that data without exposing myself inappropriately to risk? Most boards of directors are ready to take risks.

Internet of Things 82

Internet of Things Strategy Data Strategy Risk 82

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 134

Risk Manufacturing Enterprise Technology 134

CIO Business Intelligence

MAY 15, 2024

It’s difficult to imagine SAP without Hasso Plattner, who’s been there from the beginning and has significantly shaped the fortunes of Europe’s largest software manufacturer for more than five decades as founder, board of directors member, and, most recently, as chairman of the supervisory board.

Finance 108

Finance Software Strategy Manufacturing 108

CIO Business Intelligence

JANUARY 22, 2024

trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue. Given that threat actors exploit critical vulnerabilities within mere hours of publication, this poses a serious security risk for companies. Respond to threats quickly.

Digital Transformation 119

Digital Transformation Risk Cost-Benefit Risk Management 119

CIO Business Intelligence

JANUARY 17, 2023

It seems natural that Aerospace companies will be planning a large role in the 2023 Innovation awards. Then, I will share information about the 2023 SAP Innovation Award program and how companies can get involved. Manufacturing of aerospace and defense systems can be a labor-intensive industry.

Technology 85

Technology Manufacturing Digital Transformation Data-driven 85

Cloudera

JANUARY 5, 2023

As more industries mature digitally and widely adopt AI and machine learning technologies, 2023 will be a pivotal year for organizations looking to deploy emerging tech solutions company-wide to fulfill business objectives. 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

NOVEMBER 20, 2023

Foundry’s 2023 AI Priorities study found interest in a broad range of gen AI use cases, including chatbots and virtual assistants (56%), content generation (55%), industry-specific applications (48%), data augmentation (46%), and personalized recommendations (39%). “Don’t look at gen AI as a hammer looking for a nail,” says Ramamurthy.

Manufacturing 100

Manufacturing Sales Software Strategy 100

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. After generative AI burst onto the scene, Nicholas Colisto, senior vice president and CIO of multinational manufacturer Avery Dennison, had worked to get his company to embrace its potential. “AI

IT 124

IT Risk Cost-Benefit Enterprise 124

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. To mitigate these risks , companies need the resources and technology to develop robust contingency plans.

Strategy 88

Strategy Management Forecasting Cost-Benefit 88

IBM Big Data Hub

OCTOBER 3, 2023

But this growth in digital sales can come with a hefty price tag for retailers and consumer goods businesses: a much greater risk of data breaches. The manufacturing industry has fared even worse as malicious organizations may seek to disrupt supply chains or expose intellectual property, among other things.

Manufacturing 88

Manufacturing Sales Reporting Strategy 88

CIO Business Intelligence

JULY 18, 2023

It was when Nvidia reported strong results for the three months to April 30, 2023, and forecast that its sales could jump by 50% in the following fiscal quarter, that its stock market valuation soared, catapulting it into the exclusive trillion-dollar club alongside well-known tech giants Alphabet, Amazon, Apple, and Microsoft.

Manufacturing 96

Manufacturing Forecasting Software Marketing 96

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. 2 For instance, through sustainable strategic sourcing, companies consider questions like: Do manufacturing plants minimize waste and effectively use resources?

Cost-Benefit 86

Cost-Benefit Scorecard Risk Recreation/Entertainment 86

Smart Data Collective

DECEMBER 15, 2022

As the US Government Accountability Office warns, “ internet-connected technologies can improve services, but face risks of cyberattacks.” IEC 62443 or the International Electrotechnical Commission standard 62443 is a series of standards created to counter cyber risks involving operational technology in automation and control systems.

IoT 101

IoT Internet of Things Manufacturing Risk 101

CIO Business Intelligence

DECEMBER 6, 2023

In a 2023 Freshworks Benchmark Report , 42.7% Supply chain efficiencies: With the complexity of today’s supply chains, manufacturers who rely on something like a product going viral on social, risk losing out on explosive customer demand. Faster resolution times can save retailers time and costs.

Manufacturing 98

Manufacturing Reporting Interactive Marketing 98

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.

Strategy 95

Strategy Risk Enterprise Risk Management 95

CIO Business Intelligence

AUGUST 14, 2023

The AI fragrance application trimmed years off what had been a lengthy process, based largely on human “hit-and-miss” calculations, enabling the company to manufacture and market new products while demand was at its peak. Participating partner Ernst & Young (China) was brought in to assist Huabao with constructing the digital landscape.

Key Performance Indicator 94

Key Performance Indicator Sales Manufacturing KPI 94

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 76

IoT Measurement Manufacturing Finance 76

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. This equipment is critical to expanding capacity for chip production.

Consulting 72

Consulting Cost-Benefit Manufacturing B2B 72

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 90

Cost-Benefit Risk Strategy Manufacturing 90

Cloudera

AUGUST 17, 2023

And despite generating misinformation, malinformation and even outright lies , the reward of using ChatGPT was seen as far greater than the risk. For some, the opportunity to go into space might outweigh the risks, despite the fact that, short of disassembling it, there’s really no way to verify that everything inside was built to spec.

Software 70

Software Manufacturing Risk Finance 70

CIO Business Intelligence

MAY 22, 2023

Essentially, the AI ​​Act is about categorizing AI systems into specific risk classes ranging from minimal, to systems with high risks, and those that should be banned altogether. Independent scientists must be given access to the systems to assess risks and functionality. Misjudgments are inevitable,” he adds.

Risk 101

Risk Manufacturing Technology Testing 101

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. For example, a financial services company might seek a solution that can help them manage risk, comply with industry-specific regulations, and provide better customer service.

Manufacturing 80

Manufacturing Cost-Benefit Finance Marketing 80

FineReport

APRIL 26, 2023

For example, a computer manufacturing company could develop new models or add features to products that are in high demand. FineReport is also honorably mentioned in Gartner 2023 Magic Quadrant for ABI Platforms. Book a Free Demo 10 Best Big Data Analytics Tools You Need To Know in 2023 shows at FineReport first.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

IBM Big Data Hub

FEBRUARY 7, 2024

Investors, regulators and stakeholders are increasingly demanding that companies disclose their exposure to climate-related risks , such as dependence on fossil fuels or vulnerability to weather events. Join the IBM Sustainability Community 1 Green transition creates $10.3T

Reporting 98

Reporting Cost-Benefit Internet of Things Data-driven 98

CIO Business Intelligence

JULY 7, 2023

For the enterprise, planning edge strategies and reaping their rewards is often a complex and challenging process, with myriad applications to deploy, a proliferation of hardware devices to manage, multiple data types and sources to integrate, and significant security risks to avoid.

Manufacturing 100

Manufacturing Enterprise Strategy Marketing 100

CIO Business Intelligence

JULY 26, 2023

Suppose you have an international apparel company that manufactures and sells shirts. Following common industry practice, you have the shirt manufactured in one country. The raw materials for manufacturing come from another country. But let’s focus on just one shirt to start. Check out Deloitte’s Innovation Awards pitch deck.

Manufacturing 52

Manufacturing Digital Transformation Consulting Risk 52

CIO Business Intelligence

MAY 10, 2023

times the economy in 2023. At the same time, they also increased the inventory turnover of finished products by 125%, paving the way for other enterprises in the manufacturing industry to become the next digital business. Taking risks with emerging, cutting-edge technologies is another approach of many digital businesses.

Enterprise 52

Enterprise Digital Transformation Internet of Things B2B 52

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. But getting those allocations right is a challenge, says Scott Saccal, CIO of Cambrex, a contract drug manufacturing organization.

IT 121

IT Consulting Technology Strategy 121

CIO Business Intelligence

APRIL 11, 2023

Over the next five years, the healthcare industry is expected to go through dramatic changes as service providers expand value-based care models and equipment manufacturers strive to keep pace in a digital-first world. Does this create any pressures on you and your IT organization to complete projects more quickly and with less risk involved?

Modeling 98

Modeling IT Strategy Uncertainty 98

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. AGI wouldn’t just perceive its surroundings; it would understand them.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

datapine

MAY 31, 2022

This increases the risks that can arise during the implementation or management process. The risks of cloud computing have become a reality for every organization, be it small or large. The next part of our cloud computing risks list involves costs. One of the risks of cloud computing is facing today is compliance.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

DECEMBER 29, 2023

Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. While there remains a lot we don’t fully understand about AI, including its associated risks, there are many opportunities to take advantage of moving forward in business and life,” he says.

Cost-Benefit 134

Cost-Benefit Digital Transformation Consulting Strategy 134

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. Frustrated customers were left stranded in call lines and Bouygues at risk of being replaced by its competitors. Last updated 10 November 2023.

Cost-Benefit 62

Cost-Benefit Finance Optimization Key Performance Indicator 62