CIO Business Intelligence

MAY 24, 2024

Organizations that have made progress on environmental objectives to include circular economy principles have also made progress on broader business objectives of better asset management strategies and reduced procurement cycles.

Management 84

Management IT Cost-Benefit Metrics 84

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 137

Digital Transformation Unstructured Data Machine Learning Risk Management 137

CIO Business Intelligence

MARCH 21, 2024

Those two efforts combined have enabled for the first time ever end-to-end visibility of McWane’s value chain for select businesses, from the manufacturing of products, through the sales process, all the way to recognizing revenue. The Birmingham, Ala.-based It also led to the consolidation of seven separate CRM environments.

IT 104

IT Manufacturing Risk Management Risk 104

CIO Business Intelligence

MARCH 14, 2023

Companies also are at risk of underestimating the complexities and implications related to their existing operations and adjacent partner relationships. Unlike most enterprise-level companies, midmarket companies are nimbler and faster in their decision-making process and more likely to seek a single partner versus a multi-partner strategy.

Consulting 52

Consulting Strategy Management Modeling 52

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. Can I also trust the mechanism by which I share that data without exposing myself inappropriately to risk?

Internet of Things 75

Internet of Things Strategy Data Strategy Risk 75

Jet Global

MARCH 20, 2023

We leveraged strategy and insight from these, and technology from our acquisition of Logi Analytics, to build Angles Professional for Oracle to serve mid-market enterprises migrating to the cloud. Through our acquisition of Magnitude Software, we acquired Angles for SAP and Angles for Oracle solutions.

Operational Reporting 52

Operational Reporting Reporting Uncertainty Finance 52

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. It was a great time.”

Finance 103

Finance Software Strategy Manufacturing 103

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

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

CIO Business Intelligence

JANUARY 24, 2024

As I look at 2023 and beyond, I see three areas that are top of mind for myself and many of my colleagues in healthcare. Manufacturers don’t have consistent update policies and IoMT devices tend to have a lot of vulnerabilities. Cybersecurity consolidation has been another initiative that has helped us mitigate IoMT risks.

Manufacturing 103

Manufacturing IoT Management Risk 103

CIO Business Intelligence

NOVEMBER 20, 2023

It’s an approach, says Ramamurthy, that many CIOs already take with broader tech strategy: Build the solutions that provide competitive advantage to your business, and outsource the rest. For a manufacturing company, this could mean focusing gen AI initiatives on reducing risk in production plants or improving supply chain efficiencies.

Manufacturing 93

Manufacturing Sales Software Strategy 93

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. But there’s good news: by modernizing their cybersecurity strategy with automation and AI technologies , businesses can help reduce costs and minimize time to identify and contain breaches.

Manufacturing 81

Manufacturing Sales Reporting Strategy 81

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 117

IT Risk Cost-Benefit Enterprise 117

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. The study identified the top CEO priorities as, among others, leading digital transformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI.

IT 121

IT Digital Transformation ROI Strategy 121

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 80

Cost-Benefit Scorecard Risk Recreation/Entertainment 80

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 267

Enterprise Modeling Testing Reporting 267

CIO Business Intelligence

JUNE 8, 2023

According to Foundry’s 2023 State of the CIO Research, technology budget growth is seeing pre-pandemic levels. 91% of CIOs expect their tech budget to either increase or stay the same in 2023. It is thus, very essential for a CIO to rebalance these priorities while recalibrating their business strategies.

Strategy 74

Strategy Data-driven Interactive Digital Transformation 74

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 82

Cost-Benefit Risk Strategy Manufacturing 82

CIO Business Intelligence

APRIL 15, 2024

The senior vice president and chief information and strategy officer at National Life Group, has spent years executing a technology roadmap to modernize the insurance company. Case in point: Mehta, who now has the responsibility of developing National Life’s three-year enterprise strategy.

Digital Transformation 119

Digital Transformation Strategy Technology Enterprise 119

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. To learn more, visit us here.

Manufacturing 93

Manufacturing Enterprise Strategy Marketing 93

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

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. This means really emphasizing the business partnership and making sure we’re aligning with the business strategy.

Modeling 97

Modeling IT Strategy Uncertainty 97

CIO Business Intelligence

DECEMBER 29, 2023

Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. CIOs will feel pressure to help develop strategies around it to stay ahead of competitors and enable their business.”

Cost-Benefit 128

Cost-Benefit Digital Transformation Consulting Strategy 128

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. Of course, some startups will also shutdown.

IT 98

IT Cost-Benefit Data-driven Manufacturing 98

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 68

Consulting Cost-Benefit Manufacturing B2B 68

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

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 82

Enterprise Cost-Benefit Data-driven Software 82

CIO Business Intelligence

NOVEMBER 28, 2023

In the process, risk levels increase, reputation plummets and operational efficiency is severely compromised. Indeed, in the first half of 2023, IoT DDoS attacks surged by 300%, causing a $2.5 Indeed, AI can help organizations implement adaptive authentication strategies. 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

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. Downing developed strategies to deal with this challenge so that it does not impede progress.

IT 114

IT Consulting Technology Strategy 114

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

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 91

Cost-Benefit Modeling Manufacturing Interactive 91

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

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. A risk-limiting audit (RLA) is one audit type used for election verification.

IT 88

IT Manufacturing IoT Cost-Benefit 88

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 94

Reporting Data Quality Strategy Data-driven 94

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. CIOs in organizations already with ESG maturity adopt data management, ESG reporting, and risk tools.

Consulting 81

Consulting Insurance Cost-Benefit Finance 81

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