CIO Business Intelligence

FEBRUARY 27, 2024

Does your organization see technology infrastructure as a commodity or as a strategic business enabler? The answer will shape your approach to infrastructure: you can keep legacy infrastructure going as long as you can, or you can pursue the cutting edge of technology. Legacy technology also affects sustainability.

Technology 105

Technology Management Manufacturing Cost-Benefit 105

IBM Big Data Hub

SEPTEMBER 12, 2023

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023. The models also reduce private sector customs data collection costs by 40%.

Testing 97

Testing Modeling Cost-Benefit Consulting 97

Smart Data Collective

AUGUST 30, 2022

The market for cloud technology is booming. The sudden growth is not surprising, because the benefits of the cloud are incredible. Enterprise cloud technology applications are the future industry standard for corporations. Cloud technology results in lower costs, quicker service delivery, and faster network data streaming.

Technology 133

Technology Enterprise Cost-Benefit Testing 133

Smart Data Collective

FEBRUARY 14, 2023

Businesses around the world spent over $545 billion on cloud technology last year. A growing number of companies are discovering that it offers tremendous benefits, but there are also some downsides to it. What Are the Benefits of Cloud Computing for Businesses? An estimated 94% of enterprises rely on cloud computing.

Risk 98

Risk Cost-Benefit Software Technology 98

O'Reilly on Data

APRIL 23, 2024

The answer can be found in the theory of economic rents, and in particular, in the kinds of rents that are collected by companies during different stages of the technology business cycle. But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. What Is Economic Rent? They start to collect robber baron rents.

Advertising 270

Advertising Cost-Benefit Marketing Risk 270

CIO Business Intelligence

DECEMBER 19, 2023

Their steady income stream and relatively low risk compared to equities make them an especially important component of pension and retirement planning. Each type of issuer presents a different level of risk and tax treatment. Hexaware conducted extensive fine-tuning to adapt the model to different industries and company types.

Risk 52

Risk Cost-Benefit Unstructured Data Data-driven 52

IBM Big Data Hub

MAY 9, 2023

Data must be laboriously collected, curated, and labeled with task-specific annotations to train AI models. Building a model requires specialized, hard-to-find skills — and each new task requires repeating the process. ” These large models have lowered the cost and labor involved in automation.

Enterprise 136

Enterprise Technology Modeling Cost-Benefit 136

CIO Business Intelligence

MARCH 6, 2024

Operational technology (OT) organizations face increasing challenges when it comes to cybersecurity. continues to roll out, the internet of things (IoT) is expanding, and manufacturing organizations are using the latest technologies to scale. Attacks against OT systems pose risks beyond financial losses. As Industry 4.0

ROI 126

ROI Manufacturing Cost-Benefit IoT 126

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Smart Data Collective

AUGUST 9, 2022

The risk of data breaches is rising sharply. Fortunately, new technology can help enhance cybersecurity. Big data technology is becoming more important in the field of cybersecurity. However, Agile technology defies this rule of thumb, especially when developers leverage big data effectively. Categorizing data.

Big Data 111

Big Data Technology Testing Cost-Benefit 111

Smart Data Collective

SEPTEMBER 29, 2022

AI has become one of the most important gamechangers for businesses and customers relying on mobile technology. This is one of the reasons companies are spending over $328 billion on AI technology. However, we haven’t discussed the benefits of using AI to distribute apps through app marketplaces in as much detail.

Technology 125

Technology Advertising Cost-Benefit Publishing 125

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Let’s dive into greater detail on the second lever – Manage Risk Better.

Insurance 69

Insurance Risk Technology Management 69

CIO Business Intelligence

APRIL 17, 2024

Organizations with subscription-based business models have not only survived the recent global economic challenges but have also outperformed their traditional, product-based counterparts, according to The Subscription Economy Index (SEI) report for 2023 by Zuora. against the latter’s 4.8%.

Broadcasting 111

Broadcasting Cost-Benefit Strategy Modeling 111

CIO Business Intelligence

DECEMBER 19, 2023

Portland Opportunities Industrial Center and Rosemary Anderson High School (POIC + RAHS) has a long name, but a simple, powerful mission: helping at-risk youth and adults be safe and successful. And Verizon field personnel provide expertise and assistance that help the organization get the most impact and value from Verizon technology.

Risk 52

Risk Cost-Benefit Data Processing Technology 52

CIO Business Intelligence

FEBRUARY 29, 2024

Captive centers are no longer just means of value creation, providing cost savings and driving process standardization. As companies have grown comfortable with offshore and nearshore delivery, the captive model offers the opportunity to tap larger populations of lower-cost talent without handing the reins to a third party.

Cost-Benefit 116

Cost-Benefit Risk Modeling Strategy 116

Smart Data Collective

MARCH 27, 2020

With the technology available today, there’s even more data to draw from. Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Demographics. This includes: Age. This includes: Age. Telematics.

Insurance 107

Insurance Measurement Risk Cost-Benefit 107

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT. Following are seven steps to guide this transformation for competitive advantage.

IT 137

IT Risk Cost-Benefit Risk Management 137

CIO Business Intelligence

JANUARY 20, 2023

What was once an anomaly is now a global reality as remote and hybrid work models settle in across industries. To adapt to this new “new normal,” organizations will need to reinforce their workforces with technologies that can keep pace. 2] In this arena, desktop virtualization and cloud technologies will play starring roles.

Technology 59

Technology Cost-Benefit Deep Learning Modeling 59

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 A human reviews it to make sure it makes sense, and if it does, the AI incorporates that into the learning model,” she says.

Enterprise 134

Enterprise Cost-Benefit Forecasting Strategy 134

CIO Business Intelligence

MAY 17, 2022

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 145

Risk Consulting Machine Learning Data Science 145

Smart Data Collective

MAY 10, 2022

One of the critical industries AI is making strides in is the financial technology “fintech” industry. For example, banks now apply AI to assess credit risks with high accuracy. They include; Credit risk assessment. If the AI model detects any, it can flag them for further investigation or automatically halt them.

Marketing 110

Marketing Technology Insurance Machine Learning 110

CIO Business Intelligence

JUNE 2, 2022

Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. Almost 33% of respondents claim that machine learning can lead to improved customer experience. 5G aids customer service.

Predictive Analytics 145

Predictive Analytics Technology Analytics Machine Learning 145

Smart Data Collective

APRIL 3, 2022

One of the ways to make money through the use of AI technology is with algorithmic trading. This is a huge market driven by AI technology that is expected to be worth $19 billion by 2024. As AI technology has improved, algorithmic trading has become more effective and given traders the opportunity to realize higher ROIs.

Technology 95

Technology Cost-Benefit ROI Strategy 95

CIO Business Intelligence

FEBRUARY 29, 2024

Research from Avanade , a technology expert that specialises in the Microsoft ecosystem and partner solutions, suggests that 92% of manufacturers aim to be AI-first within a year. The ask-an-expert tool enables manufacturers to increase productivity, drive down costs, and improve employees’ work-life balance.

Manufacturing 115

Manufacturing Unstructured Data Cost-Benefit Risk 115

CIO Business Intelligence

APRIL 25, 2024

There is a promising surge in the use of AI technologies across various industries. This transition has propelled AI and machine learning to the forefront, with 51% of CIOs identifying these technologies as among their most urgent priorities, alongside cybersecurity, highlighting their crucial role in driving organizational success.

ROI 136

ROI Cost-Benefit Machine Learning Technology 136

CIO Business Intelligence

DECEMBER 18, 2023

This year, GenAI and Large Language Models, such as ChatGPT, are positioned as vectors of change. 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.

Cost-Benefit 110

Cost-Benefit Risk Strategy Manufacturing 110

Smart Data Collective

MARCH 2, 2023

Big data technology used to be a luxury for small business owners. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology.

Big Data 81

Big Data Uncertainty Risk Data mining 81

CIO Business Intelligence

DECEMBER 27, 2023

Those same characteristics, however, reveal the risks AI pose to this sector. So business technology leaders in financial services are carefully navigating a path toward AI. AI dominates discourse and headlines, but financial services technology leaders know there’s a lot of substance amid the noise.

Insurance 141

Insurance Cost-Benefit Risk Technology 141

CIO Business Intelligence

JUNE 21, 2023

Not since the iPhone have we witnessed a technology change the course of human behavior and the imagination of people everywhere practically overnight. If work and technology are to serve the purpose of making businesses better in this digital renaissance, the question is, better for who? And what does better look like?

Modeling 105

Modeling Cost-Benefit Digital Transformation ROI 105

IBM Big Data Hub

AUGUST 16, 2023

Nevertheless, I also understand the criticality of evaluating the inherent risks before embarking on its direct adoption within our organizations. In this discussion, I explore the risks and challenges associated with ChatGPT in an enterprise context, necessitating a careful approach to its implementation.

Risk 60

Risk Modeling Enterprise Interactive 60

CIO Business Intelligence

MARCH 5, 2024

India’s Ministry of Electronics and Information Technology (MeitY) has caused consternation with its stern reminder to makers and users of large language models (LLMs) of their obligations under the country’s IT Act, after Google’s Gemini model was prompted to make derogatory remarks about Indian Prime Minister Narendra Modi.

Testing 128

Testing Modeling Cost-Benefit Reporting 128

IBM Big Data Hub

MARCH 25, 2024

Get the study: The Revolutionary Content Supply Chain A content supply chain brings together people, processes, and technology to effectively plan, create, produce, launch, measure, and manage content. The FOGI concern revolves around trust, and whether they can trust the AI tools and technology to augment employees.

Uncertainty 109

Uncertainty Cost-Benefit Risk Measurement 109

CIO Business Intelligence

FEBRUARY 12, 2024

Companies that are skeptical of SAP’s intent should look no further than SAP’s recent press conference where CEO Christian Kline spoke of the consent SAP has received from 30,000 customers to leverage their data to inform SAP’s foundational models for the purpose of solving complex business problems.

Consulting 118

Consulting Cost-Benefit Strategy Modeling 118

Smart Data Collective

SEPTEMBER 11, 2020

Savvy technology evangelists recognize the importance of AI in the 21 st Century, especially as Internet technology continues to evolve. An article in CISCOMAG talks about the benefits of using AI in improving network security. IoT is the technology that enhances communication by connecting network devices and collecting data.

Technology 97

Technology IoT Internet of Things Cost-Benefit 97

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

OCTOBER 17, 2023

The frenzy created by the public release of OpenAI’s ChatGPT has triggered an arms race among hyperscalers to differentiate themselves by developing their own large language models (LLMs), building platforms that enable enterprises to create generative AI applications, and integrating generative AI throughout their portfolios of service offerings.

Marketing 144

Marketing IT Cost-Benefit Enterprise 144

IBM Big Data Hub

FEBRUARY 5, 2024

Cloud computing continues to grow in popularity, and its scalability, functionality, cost-effectiveness and other potential benefits have helped transform traditional business models and update legacy systems, creating opportunities for various organizations. a migration will be.

Management 70

Management Cost-Benefit Strategy Risk 70