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How to build a successful procurement strategy

IBM Big Data Hub

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

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Building a Data Strategy for Defence Partners

Alation

Data gathering and use pervades almost every business function these days — and it’s widely acknowledged that businesses with a clear strategy around data are best placed to succeed in competitive, challenging markets such as defence. What is a data strategy? Why is a data strategy important?

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What is GRC? The rising importance of governance, risk, and compliance

CIO Business Intelligence

As a result, managing risks and ensuring compliance to rules and regulations along with the governing mechanisms that guide and guard the organization on its mission have morphed from siloed duties to a collective discipline called GRC. Risk is about where the organization wants to play and where it does not want to play.

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7 IT governance mistakes — and how to avoid them

CIO Business Intelligence

IT governance should be well-defined, clearly understood, and led by principles that reflect your organization’s mission, vision, and strategy, advises Donna Bales, principal research director at Info-Tech Research Group. Not keeping pace with evolving business priorities. Poor risk planning.

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Achieve Data Center Excellence with IBM and VMware

IBM Big Data Hub

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Retail: Manage e-commerce platforms, customer data analytics and supply chain logistics, where data analysis often must occur at the edge.

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What is COBIT? A framework for alignment and governance

CIO Business Intelligence

COBIT is an IT management framework developed by the ISACA to help businesses develop, organize, and implement strategies around information management and IT governance. COBIT 2019 was introduced to build governance strategies that are more flexible and collaborative and that address new and changing technology.

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Best BI Tools Examples for 2024: Business Intelligence Software

FineReport

Additionally, BI tools enable organizations to adopt a data-driven approach to strategy formulation, leading to more informed decision-making at all levels. Retail Industry Transformation : A leading retail chain implemented a robust BI platform to analyze customer purchasing patterns and inventory management.