CIO Business Intelligence

JANUARY 4, 2024

The CCA allows overarching enterprise functions and IT shared services to be assessed separately from the business unit’s products/applications that require PCI security compliance. How can implementing a CCA benefit financial institutions and their various business units in their quest for PCI security compliance?

Optimization 92

Optimization Cost-Benefit Reporting Enterprise 92

CIO Business Intelligence

NOVEMBER 21, 2023

There are ample reasons why 77% of IT professionals are concerned about shadow IT, according to a report from Entrust. As part of those efforts, larger enterprises often staff business relationship managers to play key roles in understanding and translating department technology needs into requirements and business cases.

IT 129

IT Risk Cost-Benefit Risk Management 129

IBM Big Data Hub

OCTOBER 16, 2023

It encompasses risk management and regulatory compliance and guides how AI is managed within an organization. Curated foundation models, such as those created by IBM or Microsoft, help enterprises scale and accelerate the use and impact of the most advanced AI capabilities using trusted data.

Risk 77

Risk Modeling Management Metadata 77

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. As the results of bad BCDR like data loss and downtime become more and more expensive, many enterprises are adding to their existing investments.

Cost-Benefit 94

Cost-Benefit Risk Enterprise Advertising 94

CIO Business Intelligence

MARCH 13, 2024

According to a research report IDC released in November, based on a survey of over 2,100 business leaders and decision makers with responsibility for AI transformation, 71% of companies already using AI are seeing returns on their AI investments within 14 months, averaging $3.50 for every $1 spent.

IT 124

IT Consulting Testing Cost-Benefit 124

erwin

SEPTEMBER 17, 2020

It’s paramount that organizations understand the benefits of automating end-to-end data lineage. Critically, it makes it easier to get a clear view of how information is created and flows into, across and outside an enterprise. Here are six benefits of automating end-to-end data lineage: Reduced Errors and Operational Costs.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

CIO Business Intelligence

MARCH 24, 2023

To counter that, BARC recommends starting with a manageable or application-specific prototype project and then expanding across the company based on lessons learned. While data management has become a common term for the discipline, it is sometimes referred to as data resource management or enterprise information management (EIM).

Data Governance 142

Data Governance Management Metadata Data Quality 142

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation. Our focus is on curating reusable data and AI insights,” she says.

Cost-Benefit 132

Cost-Benefit Digital Transformation Consulting Strategy 132

Ontotext

JULY 6, 2023

In today’s fast changing environment, enterprises that have transitioned from being focused on applications to becoming data-driven gain a significant competitive edge. Changing the game with knowledge graphs So how does knowledge graph technology help enterprises in the Financial Services Industry become data-driven?

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

CIO Business Intelligence

APRIL 1, 2022

As a growing number of enterprises are coming to learn, this is critical as they vie for business in increasingly competitive markets. A sustainable value chain also offers significant business benefits, including potential cost savings and reputation enhancement. Cost reduction. Avoiding company brand damage.

Cost-Benefit 52

Cost-Benefit Risk Risk Management Manufacturing 52

IBM Big Data Hub

JUNE 29, 2023

Integrated Business Planning (IBP) addresses these challenges by providing a comprehensive framework that integrates strategic, operational and financial planning, analysis, and reporting to drive better business outcomes. Key performance indicators (KPIs) are established to measure progress and enable proactive management.

Key Performance Indicator 83

Key Performance Indicator Forecasting Data Integration Sales 83

bridgei2i

MAY 17, 2021

AI is becoming a powerful ally of the finance sector, offering the opportunity for better and more customized services, cost reduction, examine cash, credit, and investment changes in real-time, and generating new revenue streams. There are multiple benefits of AI in the finance industry. AI And Risk Management.

Finance 52

Finance Risk Management Unstructured Data Cost-Benefit 52

Smart Data Collective

DECEMBER 17, 2021

Critical data, whether for enterprises or individuals, is literally critical. At least, the painstaking efforts accumulated will be wasted, which will seriously affect the regular operation of the enterprise and cause huge losses to the business. Benefits of cloud backup. You have to take steps to protect it from data loss.

Cost-Benefit 104

Cost-Benefit Measurement Big Data ROI 104

CIO Business Intelligence

JULY 13, 2023

Enterprise IT is contributing significantly to the world’s carbon footprint. In fact, a Sustainable IT report by Capgemini states that 89% of companies surveyed recycle less than 10% of their IT hardware, and less than half of executives say they are aware of their organizations’ IT footprint. Governance.

IT 82

IT Internet of Things Strategy IoT 82

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. Budget for surprises.

Management 128

Management Cost-Benefit Key Performance Indicator Software 128

CIO Business Intelligence

JULY 31, 2023

The adoption curve here is by no means gradual, with most enterprise leaders quickly working to harness the technology’s potential mere months after the November 2022 launch of gen AI tool ChatGPT kicked off a wave of enthusiasm (and worry). So, what are the concerns that will complicate the enterprise gen AI playbook?

Strategy 94

Strategy Risk Enterprise Risk Management 94

Ontotext

APRIL 6, 2023

For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. But we are also happy to report that some of the biggest car manufacturers leverage Ontotext’s RDF database for knowledge graphs GraphDB in their technology. But the benefits of knowledge graphs don’t stop there.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

SEPTEMBER 20, 2023

You’ve failed to build trust and communicate the vision Tina Behers, vice president of enterprise agility at Aligned Agility, shared two key prerequisites organizations need to execute digital transformation initiatives with agile methodologies. “If They are afraid of failure and the uncertainty of knowledge work, and so that’s stressful.

Digital Transformation 123

Digital Transformation Uncertainty Metrics Business Objectives 123

Ontotext

APRIL 21, 2021

Ontotext clients have used enterprise knowledge graphs to ensure inventory control is done in an intelligent and automated way. The problem was the left hand had no way of knowing the systemic issues around data governance, risk management and compliance framework. Many of these organisations have grown through acquisitions.

Metadata 59

Metadata Finance Cost-Benefit Data Quality 59

BizAcuity

JULY 26, 2021

According to the 2019 report by Flexera enterprises with a hybrid strategy grew to 58% in 2019 from 51% in 2018. A hybrid cloud environment aids in workload mobility, integration, and management across multiple computing environments. Reduced costs . Improved security and risk management. Hardware costs.

IT 52

IT Cost-Benefit Data Processing Risk 52

datapine

MARCH 31, 2022

To understand this concept in a practical context, check out this video featuring an explanation from analyst Sonya Fournier: Now that we’ve explored BI in a real-world professional context, let’s look at the benefits of embarking on this occupation. It’s Flexible. BI Data Scientist. SAS BI: SAS can be considered the “mother” of all BI tools.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

Cloudera

FEBRUARY 24, 2021

Trend #1: The Crossroads of Risk Management and Emerging Technology. One shift the financial services industry will have to come to terms with is the fact that 2020 may have made risk management models of the past outdated or obsolete , particularly credit risk models.

Risk Management 59

Risk Management Risk Recreation/Entertainment Machine Learning 59

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States. Conclusion.

Risk 64

Risk Modeling Machine Learning Data Quality 64

Octopai

FEBRUARY 21, 2022

There’s no denying the immense benefits that cloud computing can bring to data management: easier scalability, reduced cost of IT operations, improved performance… the list goes on. But in order to reap those enviable benefits, you have to do something not-so-enviable: Migrate. Well, maybe. 1) Plan it out.

Recreation/Entertainment 78

Recreation/Entertainment Cost-Benefit ROI Reporting 78

IBM Big Data Hub

JULY 12, 2023

Enterprises are often defined by how they deal with events that are out of their control. Team members discuss possible risks, analyze the risk impact of each one and propose courses of action to increase their overall preparedness. Contingency planning is the art of preparing for the unexpected.

Risk 40

Risk Cost-Benefit Internet of Things Testing 40

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

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. Provide a full view of business operations by delivering forward-looking measures of related risk to help customers successfully navigate the COVID-19 recovery.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

CIO Business Intelligence

FEBRUARY 22, 2024

Increasing pressures around environment, social, and governance (ESG) concerns have organizations across industries turning to their CIOs to revamp their strategies for ESG reporting. To date, many companies have merely repurposed existing technology solutions for their ESG reporting needs.

Software 78

Software Reporting KPI Enterprise 78

IBM Big Data Hub

APRIL 4, 2024

Conversely, it has a larger scope than task management, which deals with individual tasks, and project management, which handles one-time initiatives. Business process management examples BPM can help improve overall business operations by optimizing various business processes.

Management 59

Management Cost-Benefit Metrics Consulting 59

CIO Business Intelligence

MAY 13, 2024

Other reports also highlight the strong CEO interest in AI. But where the puck is moving to is really around business use cases and identifying use cases where they will see value from their AI investments,” says Dera Nevin, a data lawyer, information risk management expert, and managing director in the technology segment at FTI Consulting.

IT 119

IT Digital Transformation ROI Strategy 119

CIO Business Intelligence

APRIL 7, 2022

It’s Hobson’s choice: risk being knocked out of business with a single punch vs. risking a slow but just as lethal outcome from loss of customers, marketshare, and mindshare. Add to the challenge this risk-management maxim: Successful prevention is indistinguishable from absence of risk. Chargebacks.

Risk Management 115

Risk Management Risk Cost-Benefit Management 115

Smart Data Collective

AUGUST 14, 2022

Data loss protection comprises three significant business objectives – personal information protection, intellectual property protection, and comprehensive data usage reports. Here, DLP provides detailed reports to fulfill compliance audits. Enterprises can store Intellectual Property data in unstructured or structured forms.

Risk 124

Risk Cost-Benefit Software Reporting 124

IBM Big Data Hub

DECEMBER 4, 2023

By implementing Oracle , one of the world’s leading enterprise resource planning (ERP) tools, organizations can transform their business processes and significantly increase operational efficiency. Companies large and small are increasingly digitizing and managing vast troves of data.

Testing 79

Testing Consulting Digital Transformation Cost-Benefit 79

CIO Business Intelligence

DECEMBER 14, 2023

And while vendor lock-in has long been a key issue in the cloud, especially for organizations that have not established a credible threat of defection, the emerging AI tools market — and its accompanying arms race among the major cloud vendors — could leave CIOs at risk of the opportunity costs of AI lock-in as well.

Risk 118

Risk Strategy Cost-Benefit Risk Management 118

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. Security risks: Maintaining strong security measures is a critical component of enterprise cloud adoption.

Strategy 100

Strategy Cost-Benefit Risk Optimization 100

CIO Business Intelligence

SEPTEMBER 19, 2022

Bustle.com reports that nearly 20 different countries have Black Friday sales of their own. But the leaders of Carrefour’s Brazil unit were concerned that their old Enterprise Resource Planning (ERP) system would not be able to keep up with the demands of a post-pandemic world. Carrefour is already seeing the benefits from the project.

Technology 61

Technology Cost-Benefit Sales Finance 61

Corinium

APRIL 25, 2019

Most enterprises in the 21st century regard data as an incredibly valuable asset – Insurance is no exception - to know your customers better, know your market better, operate more efficiently and other business benefits. In reality, this decision, like any decision regarding data usage, is based on balancing business risk and reward.

Insurance 150

Insurance Risk IoT Cost-Benefit 150