Remove Business Objectives Remove Measurement Remove Risk Management Remove Strategy
article thumbnail

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?

article thumbnail

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?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

CIO Business Intelligence

Governance, risk, and compliance (GRC) is an operational strategy for managing an organization’s overall governance, enterprise risk management , and regulation compliance efforts. Compliance encompasses the laws and regulations that the organization must follow as it executes its strategy, Toledo explains. “In

Risk 106
article thumbnail

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. Poor risk planning. CIOs frequently launch strategic initiatives without fully considering all the risks involved.

IT 115
article thumbnail

Building cyber resiliency for your data with IBM FlashSystem

IBM Big Data Hub

While the need for reliable, resilient, recoverable and corruption-free data governance has long been achieved by a backup and recovery routine, more modern techniques have been developed to support proactive measures that protect against threats before they occur. Cyber resiliency goes beyond mere cybersecurity measures.

Risk 84
article thumbnail

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.

article thumbnail

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. The implementation empowered the organization with predictive modeling capabilities, enabling proactive risk mitigation and personalized customer engagement strategies.