Remove Business Intelligence Remove Data-driven Remove Risk Remove Uncertainty
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IT spending projected to grow despite economic headwinds

CIO Business Intelligence

The 3% increase in total IT spending represents slower growth than in 2021, as the economy as a whole and the IT sector in particular began to recover from the effects of the pandemic, and growth will largely be driven by cloud services and the data center, Gartner said. Cloud Computing, Data Center, Technology Industry

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Why CIOs should invest in digital through economic headwinds

CIO Business Intelligence

Approximately 34% are increasing investment in artificial intelligence (AI) and 24% in hyper-automation as well. Investing in ICI would supposedly increase growth for cities and businesses, and improve the lives of citizens. This provides a tremendous opportunity for CIOs to make the difference,” said Mesaglio.

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CIO insights: What’s next for AI in the enterprise?

CIO Business Intelligence

A data-driven foundation Of course, a dose of caution is in order, particularly with newer AI offshoots such as generative AI. Outrageously inaccurate ChatGPT musings are just an opener for what could later be catastrophic mistakes predicated on bad data.

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Microsoft and Cognizant team up to boost enterprise Copilot adoption

CIO Business Intelligence

CIOs will need to focus on aligning AI-driven solutions with broader business strategies, ensuring seamless integration into existing processes while addressing potential challenges like data security and ethical AI use. Ensuring human oversight and rigorous quality checks can mitigate the risks associated with AI errors.”

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Digital transformation – from mainframes to the ‘deeply digital’ organisation

CIO Business Intelligence

While some see digital transformation as a trend that has existed since the 1950s, an alternative view is that today’s digitalisation is a distinct phase because it describes the way technology and data now define rather than merely support operations. However, these problems have also encouraged new thinking and problem solving.

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insightsoftware Launches Angles Professional for Oracle to Automate Recurring Operational Reports at the Gartner Data & Analytics Summit 2023

Jet Global

This data is gleaned from a report from insightsoftware and Hanover Research: The Operational Reporting Global Trends Report. The issues finance and operations teams face are twofold: the nature and increasing demands for operational data and analytics, and the fact that tools on hand are not optimized to handle the data or analysis.

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How to Move from Real-Time Data to Real-Time Decisions

CIO Business Intelligence

Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. This acknowledges that the purpose of measurement is to reduce uncertainty. And the purpose of reducing uncertainty is to make better decisions. I call this point data saturation.