CIO Business Intelligence

NOVEMBER 8, 2023

1 The rapid migration to the public cloud comes with numerous benefits, such as scalability, cost-efficiency, and enhanced collaboration. In fact, a few of the most common challenges include: Risk. 6 On top of that, the average cost of a data breach is over $4.4 8 Complexity. 8 Complexity.

Cost-Benefit 133

Cost-Benefit Risk Digital Transformation Reporting 133

CIO Business Intelligence

APRIL 29, 2024

However, to truly take advantage of modern Java, apps built for the ecosystem must be constantly maintained to maximize performance and minimize exposure to risks and security vulnerabilities. Generally, as vulnerabilities are identified in any software or programming languages, patches are issued to plug the hole and mitigate risk.

Cost-Benefit 122

Cost-Benefit Software ROI Enterprise 122

IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 76

Risk Modeling Management Metadata 76

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 270

Advertising Cost-Benefit Marketing Risk 270

FineReport

JUNE 19, 2023

Operational reports have the potential to greatly enhance business performance through the utilization of data-driven insights. These reports offer a structured and comprehensible representation of data, enabling a clearer understanding of complex issues that might otherwise remain elusive. What Is An Operational Report?

Operational Reporting 52

Operational Reporting Reporting Key Performance Indicator Dashboards 52

Smart Data Collective

JULY 9, 2023

One report found that global e-commerce brands spent over $16.7 One benefit is that they can help with conversion rate optimization. Collecting Relevant Data for Conversion Rate Optimization Here is some vital data that e-commerce businesses need to collect to improve their conversion rates.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

IBM Big Data Hub

SEPTEMBER 12, 2023

Through the pilots, the UK government found that novel, digital, risk-based methods for border control can provide higher quality data and could decrease decision-making time for goods entering Britain by 17%. The models also reduce private sector customs data collection costs by 40%.

Testing 91

Testing Modeling Cost-Benefit Consulting 91

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.

Risk 64

Risk Modeling Machine Learning Data Quality 64

IBM Big Data Hub

FEBRUARY 7, 2024

Advanced technologies, more stringent reporting standards and stronger support from stakeholders are building momentum for eco-friendly initiatives and the incentives that encourage them. Sustainability reporting: Accountability on the record This may be the biggest year yet in sustainability reporting.

Reporting 97

Reporting Cost-Benefit Internet of Things Data-driven 97

Cloudera

OCTOBER 18, 2023

In the ever-evolving landscape of the financial services Industry, change is a constant and transformation is a requirement — to stay at pace with new regulations, risk mitigation, and the technological developments that support transformation.

Cost-Benefit 77

Cost-Benefit Testing Machine Learning Optimization 77

FineReport

MAY 9, 2023

A digital marketing report is essential for any business that wants to generate new customers and sales. A successful marketing strategy includes modern business intelligence software and marketing reports that provide detailed data insights. Marketing, sales, and financial management would be impossible without reports.

Reporting 52

Reporting Marketing Advertising Metrics 52

AWS Big Data

FEBRUARY 1, 2024

The following are some of the key business use cases that highlight this need: Trade reporting – Since the global financial crisis of 2007–2008, regulators have increased their demands and scrutiny on regulatory reporting. The solution should be scalable, cost-efficient, and straightforward to adopt and operate.

Data Warehouse 119

Data Warehouse Dashboards Risk Management Risk 119

CIO Business Intelligence

SEPTEMBER 19, 2023

Organizations all around the globe are implementing AI in a variety of ways to streamline processes, optimize costs, prevent human error, assist customers, manage IT systems, and alleviate repetitive tasks, among other uses. And with the rise of generative AI, artificial intelligence use cases in the enterprise will only expand.

Enterprise 141

Enterprise Cost-Benefit Optimization Deep Learning 141

IBM Big Data Hub

JUNE 12, 2023

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach.

Strategy 93

Strategy Cost-Benefit Digital Transformation Uncertainty 93

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. Benefits of on-premises Cost: Since the software is done on-premises there isn’t a monthly or annual subscription cost for the software.

Enterprise 93

Enterprise Cost-Benefit Consulting Software 93

datapine

AUGUST 19, 2020

In our cutthroat digital economy, massive amounts of data are gathered, stored, analyzed, and optimized to deliver the best possible experience to customers and partners. At the same time, inventory metrics are needed to help managers and professionals in reaching established goals, optimizing processes, and increasing business value.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

Jet Global

DECEMBER 9, 2020

It’s ironic that many of those same businesses fail to devote the necessary time and energy to optimizing working capital. Inventory reduction has other benefits as well. The cost of holding inventory is often overlooked. It is nearly impossible to create a one-size-fits-all system for understanding and optimizing inventory.

Reporting 81

Reporting Finance Sales Measurement 81

CIO Business Intelligence

DECEMBER 19, 2023

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Moreover, the CEOs and boards that CIOs report to don’t want to be left behind by generative AI, and many employees want to experiment with the latest generative AI capabilities in their workflows.

Digital Transformation 142

Digital Transformation Unstructured Data Machine Learning Risk Management 142

IBM Big Data Hub

JULY 26, 2023

Discover the current and emerging use cases for AI in waste management, optimization, energy reduction and ESG reporting. AI solutions work by collecting asset performance data and feeding it into machine learning models, which can predict asset health and risk of failure. It’s not about minimizing travel.

Optimization 78

Optimization Manufacturing Cost-Benefit Risk 78

Laminar Security

DECEMBER 1, 2023

As more organizations migrate their data to the cloud, they face an increasing range of risks and threats, including data breaches, data leakage, data loss, data misuse, data compliance violations, shadow data and more. According to a recent report by IBM , the average cost of a data breach in 2023 was $4.24

Modeling 52

Modeling Cost-Benefit Risk Data-driven 52

IBM Big Data Hub

MARCH 25, 2024

This blog and the IBM Institute for Business Value study The Revolutionary Content Supply Chain aim to answer these questions to help executives and their employees to better understand the changing landscape in content creation and embrace the power of generative AI models when it comes to optimizing their content supply chains.

Uncertainty 104

Uncertainty Cost-Benefit Risk Measurement 104

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. Precedence Research reports that the market for AI in the automotive sector was worth $3.5

Manufacturing 98

Manufacturing Cost-Benefit Machine Learning Optimization 98

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 138

Cost-Benefit Digital Transformation Consulting Strategy 138

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

MAY 9, 2023

According to the Rocket Software Survey Report 2022: The State of the Mainframe , four out of five IT professionals see the mainframe as critical to business success. Without, it can create security and compliance risks—and be difficult to maintain. At the same time, innovation and modernization are imperative for business survival.

Cost-Benefit 97

Cost-Benefit Software Digital Transformation Risk 97

CIO Business Intelligence

FEBRUARY 10, 2023

The report projects the market will reach $38 billion by 2028, growing at a compound annual growth rate (CAGR) of about 20.4% With predictive analytics, organizations can find and exploit patterns contained within data in order to detect risks and opportunities. Financial services: Develop credit risk models. from 2022 to 2028.

Predictive Analytics 143

Predictive Analytics Analytics Predictive Modeling Forecasting 143

IBM Big Data Hub

DECEMBER 12, 2023

An IBM CEO study , based on interviews with 3,000 CEOs worldwide, reveals that CEOs who successfully integrate sustainability and digital transformation report a higher average operating margin than their peers. To manage these byproducts effectively, focus on optimizing your assets and identifying emerging issues early on.

Management 75

Management Cost-Benefit Optimization Strategy 75

DataRobot Blog

AUGUST 18, 2022

Challenges in inventory management, demand forecasting, price optimization, and more can result in missed opportunities and lost revenue. According to McKinsey & Company, organizations that implement AI improve logistics costs by 15%, inventory levels by 35%, and service levels by 65% 2. Benefits of AI in Supply Chain.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

IBM Big Data Hub

APRIL 22, 2024

We believe there are three core areas that every organization should focus on: sustainability strategy and reporting; energy transition and climate resilience; and intelligent asset, facility and infrastructure management. Using AI, business teams can “clean” data, manage through gaps, and report across different frameworks.

IoT 84

IoT Internet of Things Cost-Benefit Reporting 84

IBM Big Data Hub

JANUARY 11, 2024

In this article, we’re going to look at some common threats and how disaster recovery plans (DRPs) and solutions can optimize preparedness. The benefits of business disaster recovery Disasters can cause all kinds of problems for businesses. million—a 15% increase over the last 3 years.

Cost-Benefit 102

Cost-Benefit Risk Enterprise Software 102

CIO Business Intelligence

NOVEMBER 8, 2023

The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. They weren’t communicating enough and it cost them a lot,” he says. in June, 2022, to 3.7% Here’s how.

IT 129

IT Cost-Benefit Digital Transformation Software 129

datapine

OCTOBER 7, 2020

Identifying what is working and what is not is one of the invaluable management practices that can decrease costs, determine the progress a business is making, and compare it to organizational goals. Try our professional reporting software for 14 days, completely free! What gets measured gets done.” – Peter Drucker.

KPI 269

KPI Metrics Sales Visualization 269

IBM Big Data Hub

APRIL 10, 2023

A well-designed data architecture should support business intelligence and analysis, automation, and AI—all of which can help organizations to quickly seize market opportunities, build customer value, drive major efficiencies, and respond to risks such as supply chain disruptions.

Strategy 92

Strategy Data Architecture Cost-Benefit Reporting 92

datapine

NOVEMBER 5, 2019

All areas of your modern-day business – from supply chain success to improved reporting processes and communications, interdepartmental collaboration, and general organization innovation – can benefit significantly from the use of analytics, structured into a live dashboard that can improve your data management efforts.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

Cloudera

OCTOBER 4, 2023

We can also increase effectiveness of preventative maintenance — or move to predictive maintenance — of equipment, reducing the cost of downtime without wasting any value from healthy equipment. With this, we can reduce customer churn and overall network operational costs.

Data Warehouse 86

Data Warehouse Experimentation Cost-Benefit Dashboards 86

CIO Business Intelligence

SEPTEMBER 7, 2023

Nearly 95% of organizations say hybrid work has led them to invest more in data protection and security, according to NTT’s 2022–23 Global Network Report. You need comprehensive monitoring, analytics and reporting, often delivered through artificial intelligence for IT operations (AIOps) to gain insights into network and security performance.

IT 108

IT Data Lake Cost-Benefit Digital Transformation 108

Cloudera

JANUARY 28, 2022

Private cloud continues to gain traction with firms realizing the benefits of greater flexibility and dynamic scalability. Common tools for management, observability, performance and costs. A decision framework to automate and optimize workload execution. Cost Management. What data do I need to achieve these objectives?

Slice and Dice 112

Slice and Dice Cost-Benefit Risk Data Governance 112