CIO Business Intelligence

OCTOBER 3, 2023

These tools bring benefits beyond automation. They enable greater efficiency and accuracy and error reduction, better decision making, better compliance and risk management, process optimisation and greater agility. Organisational change management (OCM): processes do not exist in isolation from organisational structures. .

Cost-Benefit 117

Cost-Benefit Machine Learning Interactive Software 117

CIO Business Intelligence

JULY 6, 2023

One thing is for sure – meeting ESG goals can drive value if it can be done consistently, with automation and minimal costs. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 95

Cost-Benefit Risk Digital Transformation Risk Management 95

IBM Big Data Hub

FEBRUARY 13, 2024

For example, organizations can use generative AI to: Quickly turn mountains of unstructured text into specific and usable document summaries, paving the way for more informed decision-making. Generative AI proves highly useful in rapidly creating various types of documentation required by coders. Automate tedious, repetitive tasks.

Enterprise 125

Enterprise Modeling Testing Data-driven 125

erwin

AUGUST 20, 2020

Benefits of Enterprise Architecture. Through EA, organizations benefit from a context-rich, top-down and holistic perspective of their structure, including its limitations and potential. As a practice, EA involves the documentation, analysis, design and implementation of an organization’s assets and structure.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

IBM Big Data Hub

JANUARY 29, 2024

Business continuity and disaster recovery plans are risk management strategies that businesses rely on to prepare for unexpected incidents. When deployed effectively, a good DR plan can help stakeholders better understand the risks to regular business functions that a particular threat may pose.

Cost-Benefit 95

Cost-Benefit Risk Enterprise Advertising 95

erwin

SEPTEMBER 17, 2020

It’s paramount that organizations understand the benefits of automating end-to-end data lineage. Here are six benefits of automating end-to-end data lineage: Reduced Errors and Operational Costs. Business terms and data policies should be implemented through standardized and documented business rules.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

CIO Business Intelligence

NOVEMBER 23, 2022

Unlike other frameworks, EA doesn’t include a formal documentation structure; instead, it’s intended to offer a more holistic view of the enterprise. Bizzdesigns asked respondents what IT benefits their EA program currently delivers and the top response was improved IT investment decisions.

Enterprise 124

Enterprise Cost-Benefit Digital Transformation Strategy 124

CIO Business Intelligence

JANUARY 4, 2024

How can implementing a CCA benefit financial institutions and their various business units in their quest for PCI security compliance? That, in turn, reduces IT cost, the time it takes staff to learn the environment, and the time to market. One of the significant advantages of a CCA is the potential for cost reduction.

Optimization 103

Optimization Cost-Benefit Reporting Enterprise 103

erwin

APRIL 2, 2021

With more companies increasingly migrating their data to the cloud to ensure availability and scalability, the risks associated with data management and protection also are growing. Lack of a solid data governance foundation increases the risk of data-security incidents. Data Security Starts with Data Governance.

Data Governance 106

Data Governance Cost-Benefit Risk Metadata 106

CIO Business Intelligence

MARCH 24, 2023

The Business Application Research Center (BARC) warns that data governance is a highly complex, ongoing program, not a “big bang initiative,” and it runs the risk of participants losing trust and interest over time. They must be accompanied by documentation to support compliance-based and operational auditing requirements.

Data Governance 142

Data Governance Management Metadata Data Quality 142

IBM Big Data Hub

OCTOBER 26, 2023

A corporate sustainability report is a comprehensive document that outlines a company’s efforts, policies, practices and performance related to social, environmental and economic sustainability. Challenges arise when these software solutions need to be integrated in order to expose insights that could maximize their benefits.

Reporting 78

Reporting Software Cost-Benefit Strategy 78

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. the average cost of a data breach was at its highest, reaching $9.48M. In the U.S.,

Cost-Benefit 81

Cost-Benefit Testing Strategy Risk Management 81

CIO Business Intelligence

MARCH 9, 2023

IT leaders may find that prices are going up without an accompanying increase in benefits, with technology providers — less dependent on any one industry or geography — taking a harder line on deals, says Achint Arora, a partner in the pricing assurance practice at Everest Group. What’s more, technology contracts are often multilayered.

Cost-Benefit 111

Cost-Benefit Risk Uncertainty Technology 111

Smart Data Collective

MAY 25, 2023

Additionally, cybercrime costs SMEs over $2.2 Develop a cybersecurity plan A cybersecurity plan, a written document, comprises details regarding your business’s security procedures, policies, and countermeasure-remediation plan. With security awareness training, businesses can prevent data breaches and associated costs.

Internet of Things 88

Internet of Things Cost-Benefit Risk Software 88

CIO Business Intelligence

MARCH 13, 2024

So when on-boarding potential vendors, productivity has increased by 70 to 80% as a result of using gen AI to help analyze masses of documents. “We But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. We did side-by-side testing,” he says. And the impacts are already being felt in some industries.

IT 124

IT Consulting Testing Cost-Benefit 124

IBM Big Data Hub

JULY 27, 2023

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.

Cost-Benefit 60

Cost-Benefit IoT Internet of Things Enterprise 60

CIO Business Intelligence

DECEMBER 5, 2022

Project management steps Project management is broken down into five phases or life cycle. Each phase intersects with any of 10 knowledge areas, which include: integration, scope, time, cost, quality, human resources, communication, risk procurement, and stakeholder management. Program manager: $85,796.

Management 132

Management Cost-Benefit Key Performance Indicator Software 132

CIO Business Intelligence

JANUARY 24, 2024

In my view, companies that split up these functions are seeing second-order consequences around communication, costs, and conflict, and are bringing these roles back together. We’re piloting a way to do automated payments to subcontractors based on work in place that’s been identified with photo and video documentation,” Higgins-Carter says.

Risk Management 113

Risk Management Risk Management Digital Transformation 113

CIO Business Intelligence

SEPTEMBER 20, 2023

The best way to address this gap is to draft a simple vision statement written by product managers and delivery leaders in collaboration with stakeholders and agile teams. The writing process builds trust, and a documented vision builds a shared understanding of priorities.

Digital Transformation 133

Digital Transformation Uncertainty Metrics Business Objectives 133

Ontotext

APRIL 6, 2023

More and more companies are using them to improve a variety of tasks from product range specification and risk analysis to supporting self-driving cars. For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. But the benefits of knowledge graphs don’t stop there.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

FineReport

JUNE 7, 2023

This, in turn, saves numerous working hours and ultimately reduces costs, all made possible through modern solutions. Keeping these concepts in mind, we will delve into the fundamental dynamics of project management dashboards, examine exemplary instances and templates, and explore the myriad benefits they offer.

Dashboards 52

Dashboards Management Visualization Cost-Benefit 52

CIO Business Intelligence

JULY 31, 2023

1 question now is to allow or not allow,” says Mir Kashifuddin, data risk and privacy leader with the professional services firm PwC US. Rapidly evolving risks Companies that have blocked the use of gen AI are finding that some workers are still testing it out. Douglas Merrill, a partner at management consulting firm McKinsey & Co.,

Strategy 98

Strategy Risk Enterprise Risk Management 98

IBM Big Data Hub

AUGUST 28, 2023

These are two common methods for text representation: Bag-of-words (BoW): BoW represents text as a collection of unique words in a text document. Term frequency-inverse document frequency (TF-IDF): TF-IDF calculates the importance of each word in a document based on its frequency or rarity across the entire dataset.

Data mining 58

Data mining Machine Learning Deep Learning Marketing 58

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

CIO Business Intelligence

MARCH 5, 2024

CIOs must also partner with CISOs, legal, human resources, and business leaders to build awareness of policies and develop a generative AI risk management strategy. The ambiguity of what’s working today and which users will benefit is driving some CIOs to ask whether adding Copilot licenses to Microsoft 365 is worth the price.

Cost-Benefit 120

Cost-Benefit Advertising Experimentation Software 120

IBM Big Data Hub

APRIL 4, 2024

Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes. Business process management examples BPM can help improve overall business operations by optimizing various business processes.

Management 60

Management Cost-Benefit Metrics Consulting 60

Corinium

APRIL 25, 2019

For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. Life insurance needs accurate data on consumer health, age and other metrics of risk. Now, there is a data risk here.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Cloudera

NOVEMBER 18, 2021

Every one of our 22 finalists is utilizing cloud technology to push next-generation data solutions to benefit the everyday people who need it most – across industries including science, health, financial services and telecommunications. And with petabytes of data, both time and cost were significant barriers to analysis.

Data Lake 75

Data Lake Cost-Benefit Digital Transformation Risk 75

Jet Global

AUGUST 13, 2020

No matter the type of audit, your organization will benefit from a robust audit planning process that creates a clearly defined audit trail. This not only streamlines your audit planning process, but it also benefits the finance department. Integrating your audit and financial planning processes has its benefits.

Enterprise 98

Enterprise Finance Cost-Benefit Risk 98

DataRobot

SEPTEMBER 16, 2021

The ability to charge more accurate premiums helps the company mitigate risk and maintain a competitive advantage, which, in turn, also benefits consumers. When it comes to insurance and loss cost modeling, DataRobot enforces best practices by automating model setup and incorporating various preprocessing and modeling approaches.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

CIO Business Intelligence

FEBRUARY 22, 2024

The perfect ESG software would encompass all lifecycle elements of an ESG strategy, be a potent program management tool, a risk management tool, provider of analytics, and a vehicle for accountability and verification.” Factor price and scope — and consider growing as you go Cost is always a consideration.

Software 98

Software Reporting KPI Enterprise 98

Octopai

APRIL 8, 2020

While there are many factors that led to this event, one critical dynamic was the inadequacy of the data architectures supporting banks and their risk management systems. Inaccurate Data Management Leads to Financial Collapse. Inaccurate Data Management Leads to Financial Collapse. New Regulations Lead to New Challenges.

Finance 52

Finance Cost-Benefit Metadata Data Architecture 52

CIO Business Intelligence

APRIL 22, 2022

From hardware and software upgrades to ongoing security patches, to application development and the rollout of software itself, project managers keep your teams on task and productive. This designation is designed for experienced project managers who are involved in directing multiple, complex projects, and programs. Price: $280.

Management 107

Management Cost-Benefit Testing Risk 107

IBM Big Data Hub

JULY 28, 2023

Every vulnerability is a risk for organizations. In response, enterprises have made vulnerability management a key component of their cyber risk management strategies. The vulnerability management lifecycle offers a formal model for effective vulnerability management programs in an ever-changing cyberthreat landscape.

Management 69

Management Metrics Risk Measurement 69

Grooper

OCTOBER 23, 2019

How does data benefit the entire company? A practical way to get started is to pick a business mission that clearly benefits from information governance and build out a strategy from there. Responsibility for managing your company’s data must be clearly defined and supported. What innovations will not happen without new data?

Metrics 59

Metrics Measurement Strategy Optimization 59

datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Without real-time insight into their data, businesses remain reactive, miss strategic growth opportunities, lose their competitive edge, fail to take advantage of cost savings options, don’t ensure customer satisfaction… the list goes on. Benefits Of Implementing a BI Strategy. Table of Contents.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

DataRobot Blog

MARCH 7, 2023

DataRobot is available on Azure as an AI Platform Single-Tenant SaaS, eliminating the time and cost of an on-premises implementation. AI Platform Single-Tenant SaaS are fully managed by DataRobot and replace disparate machine learning tools, simplifying management.

Data-driven 59

Data-driven Machine Learning Experimentation Data Lake 59