CIO Business Intelligence

FEBRUARY 27, 2024

The dangers of sweating assets If you have an older phone, the manufacturer eventually stops updating the software. Your risk of data breach increases as soon as your assets are no longer protected from cyberthreats. Your risk of data breach increases as soon as your assets are no longer protected from cyberthreats.

Technology 103

Technology Management Manufacturing Cost-Benefit 103

Smart Data Collective

MARCH 29, 2023

However, we have quickly realized that ChatGPT has benefits that go well beyond writing more efficiently. A couple of weeks ago, General Motors started testing the benefits of ChatGPT in its products. General Overview of the Benefits of AI in the Automotive Sector The market for AI in the automotive industry is booming.

Manufacturing 96

Manufacturing Cost-Benefit Machine Learning Optimization 96

Sisense

JANUARY 13, 2020

The modern manufacturing world is a delicate dance, filled with interconnected pieces that all need to work perfectly in order to produce the goods that keep the world running. In Moving Parts , we explore the unique data and analytics challenges manufacturing companies face every day. The world of data in modern manufacturing.

Manufacturing 52

Manufacturing Data Lake Big Data Data Warehouse 52

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Other companies may choose to leverage a type of sourcing called near-sourcing.

Cost-Benefit 84

Cost-Benefit Scorecard Risk Recreation/Entertainment 84

DataRobot Blog

AUGUST 18, 2022

Keeping pace with the connected consumer, embracing emerging trends in shopping, or staying ahead of the competition—these challenges bear down on retailers and manufacturers greater than ever before. AI can reduce costs and minimize supply chain challenges by driving more informed choices across all aspects of supply chain management.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

IBM Big Data Hub

JANUARY 25, 2024

Many managers in asset-intensive industries like energy, utilities or process manufacturing, perform a delicate high-wire act when managing inventory. regulations, undergoing digital transformation and the need for cost-cutting. What’s at stake? trillion, up from USD 864 billion in 2019 to 2020.

Optimization 79

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 79

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. Manufacturing and Industry 4.0 For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. And that’s not all.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

OCTOBER 9, 2022

However, delay too long, and you also risk giving yourself an insurmountable technological handicap if uptake in your industry suddenly accelerates. More competition and more manufacturers will lead to economies of scale and innovation – the rapid evolution of mobile phones and laptop computers gives us a potential trajectory.

Cost-Benefit 136

Cost-Benefit Manufacturing Experimentation Risk 136

Smart Data Collective

SEPTEMBER 20, 2023

Let’s explore how IoT and Cloud Integration work hand in hand to power the future: Of course, there are a lot of risks associated with cloud computing. However, there are far more benefits that cannot be overlooked. Cloud computing provides a cost-effective alternative.

IoT 119

IoT Internet of Things Cost-Benefit Manufacturing 119

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. The attack landscape has evolved to target critical infrastructure.

Digital Transformation 123

Digital Transformation Risk Cost-Benefit Risk Management 123

CIO Business Intelligence

NOVEMBER 20, 2023

AI is becoming an integral part of decision-making for many different business functions – from finance to manufacturing to sales. This reduces costs while improving customer experience. Deloitte estimates that predictive maintenance increases productivity by 25%, reduces breakdowns by 70% and lowers overall maintenance costs by 25%.

Sales 130

Sales Cost-Benefit Manufacturing Forecasting 130

CIO Business Intelligence

APRIL 5, 2022

Enterprises face multiple risks throughout their supply chains, Deloitte says, including shortened product life cycles and rapidly changing consumer preferences; increasing volatility and availability of resources; heightened regulatory enforcement and noncompliance penalties; and shifting economic landscapes with significant supplier consolidation.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

CIO Business Intelligence

FEBRUARY 10, 2023

With predictive analytics, organizations can find and exploit patterns contained within data in order to detect risks and opportunities. Such models enable the assessment of either the promise or risk presented by a particular set of conditions, guiding informed decision-making across various categories of supply chain and procurement events.

Predictive Analytics 143

Predictive Analytics Analytics Predictive Modeling Forecasting 143

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. An early case study of BPR was Ford Motor Company, which successfully implemented reengineering efforts in the 1990s to streamline its manufacturing processes and improve competitiveness.

Cost-Benefit 52

Cost-Benefit Finance Optimization Key Performance Indicator 52

IBM Big Data Hub

DECEMBER 1, 2023

The benefits of ERP include built-in business intelligence and access to real-time data, along with integrated machine learning capabilities unlike a legacy system. An example is manufacturing industry software which includes MRP, or material requirements planning. Who does on-premises ERP best serve?

Enterprise 92

Enterprise Cost-Benefit Consulting Software 92

CIO Business Intelligence

DECEMBER 18, 2023

Developing generative AI implementation strategies will be imperative for technology leaders, prioritizing key areas such as business model building, internal operational improvements, risk mitigation, and overall organizational efficiency. How can CIOs benefit from these new regions in 2024? Everyone is talking about GenAI.

Cost-Benefit 97

Cost-Benefit Risk Strategy Manufacturing 97

IBM Big Data Hub

FEBRUARY 19, 2024

To mitigate these risks , companies need the resources and technology to develop robust contingency plans. Fewer disruptions : A healthy supply chain mitigates risks and protects against inevitable disruption.

Strategy 86

Strategy Management Forecasting Cost-Benefit 86

IBM Big Data Hub

JUNE 30, 2023

80% of manufacturers report MRO asset management in their facilities needs improvement 60% of construction companies admit their industry is behind when it comes to adopting digital technology 5 ways the industrial sector can improve its supply chain resiliency 1. Lower fulfillment shipping costs and improved customer satisfaction.

Consulting 70

Consulting Cost-Benefit Manufacturing B2B 70

CIO Business Intelligence

APRIL 4, 2024

“Everyone is running around trying to apply this technology that’s moving so fast, but without business outcomes, there’s no point to it,” says Redmond, CIO at power management systems manufacturer Eaton Corp. “We Production is another area that benefits from AI. “At Webster Bank is following a similar strategy.

Enterprise 133

Enterprise Cost-Benefit Forecasting Strategy 133

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 111

IT Cost-Benefit Risk Consulting 111

CIO Business Intelligence

DECEMBER 12, 2023

Time-consuming and expensive data migrations and application refactoring reduce the benefits of multicloud options.To Multicloud architectures help organizations get access to the right tools, manage their cost profiles, and quickly respond to changing needs. Dell What are the benefits of a universal storage layer?

Management 87

Management Cost-Benefit Software Data-driven 87

CIO Business Intelligence

MARCH 27, 2024

Unfortunately, this need comes at a time when margins are tightening across many industries, and when the cost of the skilled humans who can deliver improved services is rising. This has the dual benefit of not only improving customer service but also improving staff engagement, leading to higher productivity and reduced churn.

Cost-Benefit 52

Cost-Benefit Manufacturing Finance Risk 52

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 142

Digital Transformation Unstructured Data Machine Learning Risk Management 142

IBM Big Data Hub

NOVEMBER 8, 2023

The change, challenge and benefits are here FDA FSMA will have significant global implications for traceability. For the first time, the rule establishes additional recordkeeping requirements for any US-based entity that manufactures, processes, packs or holds foods on the Food Traceability List.

Cost-Benefit 112

Cost-Benefit Consulting Risk Reporting 112

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.

Cost-Benefit 137

Cost-Benefit Digital Transformation Consulting Strategy 137

CIO Business Intelligence

FEBRUARY 7, 2024

API-first development yields a multitude of benefits, he adds, including abstraction of the underlying data, increased automation, better governance over data usage, and a more accessible audit trail. Organizations need to allocate resources for maintenance, updates, and support, impacting the cost-effectiveness of API management,” she says.

Business Objectives 124

Business Objectives Cost-Benefit Strategy Data-driven 124

CIO Business Intelligence

OCTOBER 17, 2023

AWS also builds its own low-cost AI chips ( Inferentia and Trainium ) in limited volumes; the company is using the chips internally to power its gen AI capabilities, and it is making the chips available to customers. The gen AI gold rush — with little clarity on cost “It’s the year of AI,” declares Forrester Research.

Marketing 144

Marketing IT Cost-Benefit Enterprise 144

CIO Business Intelligence

MARCH 11, 2024

Solutions that not only span functions, but also have industry-specific features and benefits that provide more value by supporting and enabling users to be productive and more competitive in specific industries. The article states “There will likely be a surge in vertical SaaS solutions tailored to specific industries.

Manufacturing 85

Manufacturing Cost-Benefit Finance Marketing 85

IBM Big Data Hub

JULY 26, 2023

AI solutions work by collecting asset performance data and feeding it into machine learning models, which can predict asset health and risk of failure. I nstead, it’s better to prioritize a more distant asset for repair because that asset has a higher cost or could fail sooner.

Optimization 77

Optimization Manufacturing Cost-Benefit Risk 77

CIO Business Intelligence

NOVEMBER 7, 2022

While we weren’t naïve to the risk of disruption to the business, the extent and magnitude was greater than we anticipated.” The company was forced to develop new processes to keep information flowing around the business, and hire a third-party consultant to sort out the ERP system at a cost of $3.8 million in implementation costs.

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. trillion in economic benefits by 2030. Companies are investing in renewable energy projects and implementing energy-efficient technologies and practices.

Reporting 96

Reporting Cost-Benefit Internet of Things Data-driven 96

IBM Big Data Hub

FEBRUARY 14, 2024

Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). More benefits from AI include building a more sustainable IT system and improving the continuous integration/continuous (CI/CD) delivery pipelines.

Cost-Benefit 86

Cost-Benefit Insurance Unstructured Data Machine Learning 86

datapine

JUNE 15, 2023

Keep reading to find a definition, benefits, examples, and some key best practices to generate them successfully! Let’s dive deeper into the benefits below. By being able to make informed decisions, you’ll ensure your goals are being met with less financial risk, thanks to smart resource allocation.

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

CIO Business Intelligence

JUNE 30, 2023

The best of them are good at telling both a cost and value story around IT.” CIOs are also more likely to report to the CFO in certain industries, such as manufacturing, CPG, higher education, and logistics and supply chain management.” They also know the potential risks. CIOs can easily show cost on a general ledger.

Finance 114

Finance Cost-Benefit Digital Transformation Reporting 114

CIO Business Intelligence

JANUARY 9, 2023

2] Here, we explore the demands and opportunities of edge computing and how an approach to Business Outcomes-as-a-Service can provide end-to-end analytics with lowered operational risk. Already deployed in commercial kitchens and retail chains, on factory floors and at amusement parks, the solution has shown the following benefits.

IoT 126

IoT Internet of Things Cost-Benefit Digital Transformation 126

CIO Business Intelligence

JUNE 6, 2023

It is a formula designed to help businesses assess the potential value of a new investment or initiative and typically has been used for ‘business investments’ such as a new marketing campaign, or building a new manufacturing plant. Resilience, risk reduction, and especially business agility are very important too.

Optimization 52

Optimization Cost-Benefit ROI Data-driven 52

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 88

Cost-Benefit Modeling Manufacturing Interactive 88