CIO Business Intelligence

DECEMBER 19, 2023

Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control. Initiatives vary by industry and business strategy and may include smart manufacturing , digital health , e-government initiatives , sustainability programs , digital twins , and others.

Digital Transformation 136

Digital Transformation Unstructured Data Machine Learning Risk Management 136

CIO Business Intelligence

JANUARY 22, 2024

McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5 trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue.

Digital Transformation 111

Digital Transformation Risk Cost-Benefit Risk Management 111

IBM Big Data Hub

FEBRUARY 19, 2024

Effective SCM initiatives offer several benefits: Lower operational costs : By optimizing inventory levels , improving warehousing efficiency and streamlining order fulfillment processes, companies can save on storage, labor and transportation expenses.

Strategy 82

Strategy Management Forecasting Cost-Benefit 82

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 127

Cost-Benefit Digital Transformation Consulting Strategy 127

CIO Business Intelligence

APRIL 1, 2022

A sustainable value chain also offers significant business benefits, including potential cost savings and reputation enhancement. All too often, executives look at value chains exclusively through the lens of risk management and economic value, not realizing that sustainability can—and should—also be a part of the equation.

Cost-Benefit 52

Cost-Benefit Risk Risk Management Manufacturing 52

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going. “If

IT 109

IT Cost-Benefit Risk Consulting 109

CIO Business Intelligence

DECEMBER 7, 2022

Security tops the list According to this year’s State of the CIO survey , cybersecurity and risk management are the top investment areas for 45% of IT leader respondents. billion industrial manufacturing company headquartered in Chicago, says Ron Mathis, corporate IT operations director.

IT 131

IT Insurance Cost-Benefit Risk Management 131

CIO Business Intelligence

MAY 13, 2024

Overall, IT projects are meant to create a leaner, more profitable company, says Bilker, CIO of manufacturer Lift Solutions Holding. I do see companies having more conversations about AI and adjusting expectations as they make investments to take advantage of the benefits that AI brings,” she says. “I

IT 120

IT Digital Transformation ROI Strategy 120

CIO Business Intelligence

JULY 6, 2023

Organizations can reap a range of benefits from deploying automation tools such as robotic process automation (RPA). Since AT&T launched its IA program, “we’ve seen annual benefits of close to $100 million in productivity gains and cost savings,” Austin says. “In Another benefit is greater risk management.

Cost-Benefit 110

Cost-Benefit Technology Unstructured Data Testing 110

CIO Business Intelligence

DECEMBER 8, 2022

This is designed to help manufacturing, transportation and other industries accelerate sustainability initiatives and make data-driven decisions to reduce their carbon footprint and become more efficient through the intelligent use of IoT connectivity. Today’s complex challenges require ambitious solutions that can scale and evolve over time.

IoT 69

IoT ROI Cost-Benefit Risk 69

Smart Data Collective

FEBRUARY 2, 2021

For businesses, the advent of Big Data offers several key benefits, including helping them with customer acquisition, lead generation, targeted marketing campaigns, identifying potential opportunities and challenges , and creating new products based on the needs of the market. The post What Are the Industries That Benefit Most from Big Data?

Big Data 84

Big Data Recreation/Entertainment Cost-Benefit Finance 84

IBM Big Data Hub

FEBRUARY 13, 2024

It assists in structural optimization which ensures that products are strong, durable and use minimal material, leading to considerable cost reductions. To have the greatest impact, generative design must be integrated throughout the product development cycle, from the initial concept to manufacturing and procurement.

Enterprise 119

Enterprise Modeling Testing Data-driven 119

CIO Business Intelligence

FEBRUARY 3, 2023

More recently, The Royal Mint has evolved its business model in the face of declining cash usage, from its core business of coins and metal manufacturing through to bullion trading, a new consumer business and jewellery line, as well as tentative steps into digital gold and recycling e-waste. How do they benefit you?

IT 52

IT Experimentation Scorecard Digital Transformation 52

CIO Business Intelligence

JULY 31, 2023

Some are expecting cost savings using this technology, but there’s also the expectation that they’ll find ways to incorporate this technology [into their company’s products] to strengthen their offerings,” Carmichael adds. Douglas Merrill, a partner at management consulting firm McKinsey & Co., This is an issue for CIOs.

Strategy 90

Strategy Risk Enterprise Risk Management 90

CIO Business Intelligence

MARCH 21, 2022

Staying razor-focused on business benefits and communicating in a language everyone understands is central to successful IT initiatives, whether the project involves state-of-the-art technology like robotic process automation (RPA) or is a bit more mundane, like upgrading an aging data center.

IT 129

IT Digital Transformation Consulting Technology 129

Jet Global

JUNE 21, 2021

Learn why tax is playing an important part in enterprise risk management. The cost of World War I and post-war reconstruction helped create modern corporate taxation. Read how to elevate tax to a strategic function. Climate change is also driving urgent needs to encourage different corporate behavior.

Recreation/Entertainment 98

Recreation/Entertainment Digital Transformation Finance Reporting 98

Jet Global

NOVEMBER 12, 2020

While smaller organizations may be able to get away with a mix of accounting software and specialized applications for billing or customer management, businesses that grow beyond a certain size need a more holistic approach to manage the complexity that comes with growth. Risk and Compliance Is a Perpetual Worry. Challenge #4.

Software 52

Software Sales Risk Management 52

Jet Global

APRIL 5, 2021

Risk management. It is typically used to predict future revenues, expenses, and capital costs. A cost-saving initiative within a company. This is achieved through thorough risk management strategies that are continually reviewed. Raising capital in the form of debt or equity. Prioritizing projects.

Modeling 98

Modeling Forecasting Metrics Finance 98

Jet Global

MARCH 2, 2022

The organization provides probably the most widely used standards for sustainability reporting that advance the practice of sustainability reporting and makes it possible for companies and organizations to make better decisions that create more economic, environmental, and social benefits.

Reporting 59

Reporting Recreation/Entertainment Risk Insurance 59

Andrew White

JANUARY 11, 2021

With a success behind you, sell that experience as the kind of benefit you can help improve. As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. How do you think Technology Business Management plays into this strategy? Product Management.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52