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4 strategic sourcing use cases to strengthen your supply chain

IBM Big Data Hub

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. The benefits of strategic sourcing are vast, ranging from overall supply chain process optimization to more cost-effective, long-term relationships with partners.

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7 steps for turning shadow IT into a competitive edge

CIO Business Intelligence

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 137
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Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

As exchanges were modernizing, they looked at the cost benefit and realized it was better to buy Nasdaq’s technology,” Peterson says. When you have to calculate risk, it works really well to spread it horizontally in the cloud,” Peterson says. The company, which reported net revenues of $3.6 Not just the technology group.”

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Digital Risk “Techquilibrium” Requires IRM

John Wheeler

A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches. Digital Risk Management – Gartner. These plans help inform the decision to purchase cyber insurance and determine the amount of coverage needed.

Risk 53
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Six EAM trends pushing the oil and gas industries forward

IBM Big Data Hub

The following are some of the most impactful ways oil and gas is embracing EAM as an asset management strategy: Asset lifecycle management : Oil and gas assets are intricate, costly and have lengthy lifecycles. Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs.

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Why adaptability is the new digital transformation

CIO Business Intelligence

The past decade in IT has been all about digital transformation. Transformations once envisioned to be a two- or three-year journey, to catch up or get ahead, have become a continuous journey with no end in sight. It’s no longer sufficient to pursue after-the-fact transformations. Here’s why.

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Bridging the Gap Between Industries: The Power of Knowledge Graphs – Part I

Ontotext

For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. and other technologies for digital transformation of manufacturing systems. But the benefits of knowledge graphs don’t stop there. This can lead to operational cost cutting and improve competitiveness.