Remove Cost-Benefit Remove Digital Transformation Remove Optimization Remove Risk
article thumbnail

3 key digital transformation priorities for 2024

CIO Business Intelligence

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control. Luckily, many are expanding budgets to do so. “94%

article thumbnail

MRO spare parts optimization

IBM Big Data Hub

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0

Insiders

Sign Up for our Newsletter

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

article thumbnail

Does Cost Reduction Play a Role in Digital Transformation?

Cloudera

Digital transformation. Everyone has their own ideas about what digital transformation means, so I decided to look up a few definitions. . CIO blog post : “Digital transformation is a foundational change in how an organization delivers value to its customers.”. Cost savings opportunities.

article thumbnail

The Failed Promises of Digital Transformation and What to Do About It

Ontotext

Digital Transformation, which has been a top priority for CEOs and boards of directors for many years, has had mixed results. These failures are at least partly due to the absence of graph technologies, at the center of those transformations, allowing companies to “connect the dots” across their data to drive optimal outcomes.

article thumbnail

How Svevia connects roads, risk, and refuse through the cloud

CIO Business Intelligence

But today, Svevia is driving cross-sector digitization projects where new technology for increased safety for road workers and users is tested. When I came in three years ago, it was with the task of digitizing the company,” says Svevia CIO Maria Wester. “In This leads to environmental benefits and fewer transports.

Risk 98
article thumbnail

The hybrid approach: Get the best of both mainframe and cloud

CIO Business Intelligence

As more businesses push forward with digital transformation projects, cloud computing has stood out as a powerful tool capable of fueling the analytics that drive new technologies like artificial intelligence (AI) and machine learning (ML)—two capabilities that are quickly becoming a must-have in nearly every organization.

article thumbnail

Expion Health revamps its RFP process with AI

CIO Business Intelligence

Process automation and improvement is a perennial CIO agenda item, and the call for business process optimization is only getting louder — especially for those processes directly tied to the bottom line. Suresh Kumar, chief transformation officer for mergers and acquisitions at Expion. “We

IT 64