CIO Business Intelligence

JANUARY 24, 2024

Karen Higgins-Carter, previously CIO of Webster Bank, joined Gilbane just over a year ago as CDIO with the responsibility of digitally transforming this 153-year-old business. We’re in an industry that is ripe for transformation,” says Higgins-Carter, pictured above, center. So they’ll be patient when it comes to ROI.

Risk Management 93

Risk Management Risk Management Digital Transformation 93

CIO Business Intelligence

SEPTEMBER 20, 2023

But speaking to many IT leaders, there are often gaps between how IT runs Scrum, Kanban, or other agile practices and what CIOs need in order to achieve digital transformation objectives. Their comments offer insights as to what to do if your teams are “doing agile” but aren’t agile enough to deliver digital transformation results.

Digital Transformation 119

Digital Transformation Uncertainty Metrics Business Objectives 119

Smart Data Collective

JULY 9, 2021

What Are the Benefits of Data Analytics in Staffing? The Forbes Research Council showed that there are a lot of great benefits of leveraging big data in human resources. These benefits include the following: Improving workforce planning. It also helps with creating a solid hiring model. Reducing staffing costs.

Data Analytics 127

Data Analytics Management Analytics Big Data 127

Jedox

APRIL 10, 2019

Whether saving costs or improving revenue, FP&A digital transformation projects must provide strong gains in productivity and effectiveness. Jedox conducted a global Survey with ACCA and discovered only 35% of organizations have a digital transformation roadmap in place. There are many reasons.

Digital Transformation 42

Digital Transformation Risk Finance Sales 42

IBM Big Data Hub

APRIL 4, 2024

In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028, and it is forecast to increase by USD 619.08 Private cloud combines the main benefits of cloud computing—chiefly on-demand access to computing resources (e.g.,

Data Processing 93

Data Processing Cost-Benefit Software Digital Transformation 93

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. Uncontrolled costs: More clouds and cloud services translate into more cloud bills. to total $678.8 billion in 2023.

Strategy 93

Strategy Cost-Benefit Risk Optimization 93

CIO Business Intelligence

NOVEMBER 8, 2023

1 The rapid migration to the public cloud comes with numerous benefits, such as scalability, cost-efficiency, and enhanced collaboration. 6 On top of that, the average cost of a data breach is over $4.4 6 On top of that, the average cost of a data breach is over $4.4 Operational costs. 8 Complexity. 8 Complexity.

Cost-Benefit 124

Cost-Benefit Risk Digital Transformation Reporting 124

IBM Big Data Hub

MARCH 28, 2024

According to a report from Future Market Insights (link resides outside ibm.com), the global private cloud services market is forecast to grow to USD 405.30 Private cloud combines the primary benefits of cloud computing (e.g., billion by 2033, up from USD 92.64 billion in 2023. What is a private cloud?

Enterprise 100

Enterprise Cost-Benefit Data Processing Software 100

CIO Business Intelligence

MARCH 9, 2022

Despite the worldwide chaos, UAE national airline Etihad has managed to generate productivity gains and cost savings from insights using data science. Our digital transformation has allowed us to be more streamlined, more agile, and more efficient. Etihad is on a digital transformation journey. A change was needed.

Data Science 82

Data Science Data Lake Cost-Benefit Digital Transformation 82

CIO Business Intelligence

APRIL 24, 2024

The first use of generative AI in companies tends to be for productivity improvements and cost cutting. But there are only so many costs that can be cut. CIOs are well positioned to cut costs since they’re usually well acquainted with a company’s digital processes, having helped set them up in the first place.

Sales 118

Sales Finance Experimentation Cost-Benefit 118

CIO Business Intelligence

OCTOBER 23, 2023

In today’s uncertain economic landscape, it is no surprise that organizations are driven to optimize business costs. By embracing as-a-service offerings, organizations can accelerate their digital transformations and integrate sustainability into their operations. It’s a win-win scenario when moving to an as-a-service model.

Cost-Benefit 81

Cost-Benefit Uncertainty Digital Transformation Optimization 81

Cloudera

JANUARY 30, 2024

There are many functional areas within manufacturing where manufacturers will see AI’s massive benefits. Demand forecasting: AI can be used to forecast demand for products based on historical data, trends, and external factors such as weather, holidays, seasonality, and market conditions. That is a very low number.

Manufacturing 79

Manufacturing Contextual Data IoT Digital Transformation 79

CIO Business Intelligence

NOVEMBER 21, 2023

Set parameters and emphasize collaboration To address one root cause of shadow IT, CIOs must also establish a governance and delivery model for evaluating, procuring, and implementing department technology solutions. CIOs need a way to capture lightweight business cases or forecast business value to help prioritize new opportunities.

IT 125

IT Risk Cost-Benefit Risk Management 125

CIO Business Intelligence

NOVEMBER 18, 2022

The cloud offers limitless scalability and flexibility, powering digital transformation across every industry. But when not managed strategically in the long run, cloud spending can quickly escalate and impact margins, cost of goods sold (COGS), and cost of revenue (COR).

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

Cloudera

AUGUST 3, 2021

Consider that e-commerce’s acceleration due to the pandemic saw retailers’ digital sales penetration realize 10 years of growth in just the first three months of 2020 alone. . The last eighteen months is causing supply chain forecasters to rethink the definition and incorporate risk into the planning process. .

Analytics 109

Analytics Digital Transformation Forecasting Risk 109

AWS Big Data

APRIL 26, 2023

The main requirement is to have an automated, transparent, and long-term semiconductor demand forecast. Additionally, this forecasting system needs to provide data enrichment steps including byproducts, serve as the master data around the semiconductor management, and enable further use cases at the BMW Group.

Forecasting 124

Forecasting Manufacturing Data Lake Big Data 124

Cloudera

OCTOBER 30, 2023

Agility, innovation, and time-to-value are the key differentiators cloud service providers (CSP) claim to help organizations speed up digital transformation projects and business objectives. The main challenges are pointed out as a lack of resources/expertise, security, and from a different perspective, cloud cost management.

Analytics 77

Analytics Cost-Benefit ROI Business Objectives 77

IBM Big Data Hub

FEBRUARY 14, 2024

Other uses include Netflix offering viewing recommendations powered by models that process data sets collected from viewing history; LinkedIn uses ML to filter items in a newsfeed, making employment recommendations and suggestions on who to connect with; and Spotify uses ML models to generate its song recommendations.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

Sisense

DECEMBER 3, 2019

The first wave of digital transformations saw a dramatic decrease in data storage costs. At Sisense, we see the rise of AI and a multicloud world accelerating the next wave of digital transformation, helping organizations reimagine their business and drive innovation, adoption, and value from data in the digital era.

Data Warehouse 90

Data Warehouse Analytics Digital Transformation Forecasting 90

bridgei2i

JUNE 3, 2020

CTD’s growth over the last two decades was aided by technological innovation and the steady drop of electronics components’ costs, driven by economies of scale. Driving customers to unassisted support can improve customer experience (CX) while reducing costs. Using Digital Transformation to mitigate challenges.

Technology 92

Technology Digital Transformation Recreation/Entertainment Manufacturing 92

CIO Business Intelligence

JUNE 1, 2022

The company is applying winning insights from rapid, data-driven, evolutionary models versus relying on engine speed and aerodynamics alone to win races. Cloud-connected cars are now commonplace in the mainstream connected car market that is forecast to surpass $166 billion by 2025. billion by 2030. billion by 2030.

Manufacturing 94

Manufacturing Digital Transformation Predictive Analytics Strategy 94

Jedox

JUNE 25, 2020

However, organizations won’t be able to fully embrace the benefits of flexible, real-time planning without properly adapting to flexible new technology solutions designed to improve planning and enterprise performance management. Forecasts are unreliable and quickly become outdated due to rapid changes and complexity of markets.

Technology 94

Technology Finance Cost-Benefit Forecasting 94

IBM Big Data Hub

MAY 9, 2023

With watsonx, IBM will launch a centralized AI development studio that gives businesses access to proprietary IBM and open-source foundation models, watsonx.data to gather and clean their data, and a toolkit for governance of AI. ” Notably, watsonx.data runs both on-premises and across multicloud environments.

Data Warehouse 73

Data Warehouse Cost-Benefit Recreation/Entertainment Unstructured Data 73

CIO Business Intelligence

AUGUST 17, 2022

Cybercrime cost U.S. The evidence that enterprises want the “autonomous” component to be built into storage platforms underscores what we forecasted for 2022. You’re able to take a set-it-an-forget-it approach, and then focus more on how to leverage AIOps for your benefit. businesses more than $6.9

Enterprise 92

Enterprise Cost-Benefit Snapshot Data-driven 92

datapine

DECEMBER 11, 2019

SaaS is a software distribution model that offers a lot of agility and cost-effectiveness for companies, which is why it’s such a reliable option for numerous business models and industries. SaaS Industry is forecasted to reach $55 billion by 2026. Instead, they have the option of utilizing various pricing structures.

Software 314

Software Cost-Benefit Data Processing Data-driven 314

BizAcuity

JUNE 3, 2022

Their seamless digital transformation included having to change the way they operated their stores. Demand forecasting: Several businesses use demand forecasting to stay prepared and ahead of unprecedented market challenges. From sourcing, production, staff requirement, and strategy are all dependent on demand forecasts.

Data Analytics 59

Data Analytics Analytics Forecasting Predictive Analytics 59

IBM Big Data Hub

OCTOBER 20, 2023

Artificial intelligence platforms enable individuals to create, evaluate, implement and update machine learning (ML) and deep learning models in a more scalable way. AI platforms assist with a multitude of tasks ranging from enforcing data governance to better workload distribution to the accelerated construction of machine learning models.

Machine Learning 73

Machine Learning Manufacturing Cost-Benefit Deep Learning 73

Smart Data Collective

OCTOBER 20, 2020

However, the benefits of big data can only be realized if data sets are properly organized. It is difficult for businesses to not consider the countless benefits of big data. Companies have found many innovative ways to use big data to strengthen their business models. The benefits of data analytics are endless.

Big Data 99

Big Data Data Strategy Strategy Cost-Benefit 99

Smart Data Collective

SEPTEMBER 13, 2021

This type of big data is used to forecast and for making the right decisions. Investors cannot use it for long-term forecasting and strategizing. Value investors can use this data to forecast how different markets are going to develop and confirm the stability of the assets of the company. Concentrated and Slow.

Big Data 107

Big Data Forecasting Cost-Benefit Machine Learning 107

CIO Business Intelligence

JUNE 1, 2022

Cloud adoption has been a top CIO priority, accelerated by the pandemic as organizations speed up their digital transformation initiatives. IDC forecasted worldwide “whole cloud” spending will surpass US$1.3 More than operational efficiency gains, cloud is at the center of digital transformation. trillion by 2025.

Digital Transformation 75

Digital Transformation Business Objectives Cost-Benefit IoT 75

IBM Big Data Hub

APRIL 4, 2024

Here are some BPM examples that outline the use cases and benefits of BPM methodology: Business strategy BPM serves as a strategic tool for aligning business processes with organizational goals and objectives. This can uncover internal process improvements, strategic partnership opportunities and potential cost-saving initiatives.

Management 55

Management Cost-Benefit Metrics Consulting 55

IBM Big Data Hub

MAY 12, 2023

After getting familiar with the app architecture, priorities and requirements, IBM provided a detailed trade-offs analysis, including improvement options and security and cost implications. The need to digitally transform touches every organization, in every industry. Learn more about the benefits of cloud-native development.

Consulting 76

Consulting Cost-Benefit Optimization Dashboards 76

IBM Big Data Hub

JUNE 29, 2023

Manufacturing has undergone a major digital transformation in the last few years, with technological advancements, evolving consumer demands and the COVID-19 pandemic serving as major catalysts for change. Digitalization and Industry 4.0 IDG infographic to understand how you can unlock Industry 4.0

Manufacturing 55

Manufacturing Internet of Things Cost-Benefit Digital Transformation 55

Ontotext

APRIL 6, 2023

Knowledge graphs are changing the game A knowledge graph is a data model that uses semantics to represent real-world entities and the relationships between them. This model is used in various industries to enable seamless data integration, unification, analysis and sharing. standards modeled in a knowledge graph!

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

APRIL 27, 2023

Preserving trust As enterprises race to adopt generative AI and begin to realize its benefits, there is a simultaneous mandate in play. Establishing transparency and explainability In addition to mitigating bias and unfairness, transparency and explainability in AI models are vital for establishing trust and ensuring accountability.

Enterprise 70

Enterprise Insurance Cost-Benefit Digital Transformation 70

CIO Business Intelligence

SEPTEMBER 8, 2022

In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years. Businesses are facing a rapidly evolving set of threats from supply chain constraints, rising fuel costs, and shipping delays.

Cost-Benefit 102

Cost-Benefit Internet of Things Data-driven Data Lake 102

Cloudera

SEPTEMBER 18, 2020

Demand Forecasting – Companies must move beyond basic demand forecasting using only historical transaction data to leveraging real-time datasets and external consumer demand signals. Businesses will shift away from over-reliance on any one part of supply chain to avoid potential disruption. Brent Biddulph: .

Manufacturing 83

Manufacturing IoT Forecasting Machine Learning 83