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. Communicate clearly and often about policies and their reasons and benefits, create a culture of feedback and collaboration, and be agile and willing to adapt policies as user needs evolve.”

IT 137

IT Risk Cost-Benefit Risk Management 137

IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Benefits of partnering with IBM? Additional resources here.

Cost-Benefit 61

Cost-Benefit Risk Management Risk Digital Transformation 61

CIO Business Intelligence

JANUARY 4, 2024

How can implementing a CCA benefit financial institutions and their various business units in their quest for PCI security compliance? That, in turn, reduces IT cost, the time it takes staff to learn the environment, and the time to market. One of the significant advantages of a CCA is the potential for cost reduction.

Optimization 105

Optimization Cost-Benefit Reporting Enterprise 105

IBM Big Data Hub

APRIL 18, 2023

For payment systems to leverage ISO 20022, the architecture must support ISO 20022 data to those components that can leverage the expanded data set, including Fraud System, Sanctions Screening, Regulatory Reporting, and Payments Archive. Are your payment systems ready to reap these benefits? Real-Time Payments and Wire Transfer).

Risk Management 119

Risk Management Cost-Benefit Risk Data-driven 119

Smart Data Collective

JUNE 19, 2022

Companies are using AI to better understand their customers, recognize ways to manage finances more efficiently and tackle other issues. Since AI has proven to be so valuable, an estimated 37% of companies report using it. AI is particularly helpful with managing risks. Price and Cost Risk. Quality Risk.

Risk 133

Risk Cost-Benefit Risk Management Manufacturing 133

CIO Business Intelligence

DECEMBER 27, 2023

AI in a box CIOs are under pressure to deliver productivity improvements and reduce costs in financial services. With AWS’ strict data security, it prevents any data going outside of AWS, that ensures the models are clean and don’t access the whole internet like OpenAI does,” says Brian Baral, Genpact’s global head of risk management.

Insurance 141

Insurance Cost-Benefit Risk Technology 141

CIO Business Intelligence

NOVEMBER 23, 2022

Organizations that scored in the top quartile for EA maturity in a recent Bizzdesign survey were three times more likely to report having organizational agility, which has been crucial during the past few years with the COVID-19 pandemic. Giving business the ability to prioritize investments.

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

IBM Big Data Hub

OCTOBER 26, 2023

A corporate sustainability report is a comprehensive document that outlines a company’s efforts, policies, practices and performance related to social, environmental and economic sustainability. Challenges arise when these software solutions need to be integrated in order to expose insights that could maximize their benefits.

Reporting 78

Reporting Software Cost-Benefit Strategy 78

Smart Data Collective

SEPTEMBER 28, 2021

Moreover, with the help of an AI development company , businesses can avoid unforeseen downtime, increase operational productivity, develop new services and products, and boost risk control. Benefits of AI and IoT in Businesses. The advantages of IoT and AI could be combined to reap the full benefits of both.

IoT 132

IoT Internet of Things Cost-Benefit Consulting 132

erwin

SEPTEMBER 17, 2020

It’s paramount that organizations understand the benefits of automating end-to-end data lineage. Here are six benefits of automating end-to-end data lineage: Reduced Errors and Operational Costs. Replace manual and recurring tasks for fast, reliable data lineage and overall data governance.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

CIO Business Intelligence

JULY 6, 2023

One thing is for sure – meeting ESG goals can drive value if it can be done consistently, with automation and minimal costs. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 94

Cost-Benefit Risk Digital Transformation Risk Management 94

CIO Business Intelligence

JULY 15, 2022

Benefits of vendor management. But by establishing a point-person who is focused on managing that vendor relationship, a strong dynamic partnership can be formed. Building that relationship and foundation is one of the main goals and benefits of vendor management. Vendor management certifications.

Management 122

Management Cost-Benefit Risk Software 122

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 124

Digital Transformation Risk Cost-Benefit Risk Management 124

IBM Big Data Hub

OCTOBER 16, 2023

It encompasses risk management and regulatory compliance and guides how AI is managed within an organization. It also lets you choose the right engine for the right workload at the right cost, potentially reducing your data warehouse costs by optimizing workloads.

Risk 78

Risk Modeling Management Metadata 78

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 139

Cost-Benefit Digital Transformation Consulting Strategy 139

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. the average cost of a data breach was at its highest, reaching $9.48M. In the U.S.,

Cost-Benefit 82

Cost-Benefit Testing Strategy Risk Management 82

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 128

IT Consulting Testing Cost-Benefit 128

FineReport

JUNE 7, 2023

This, in turn, saves numerous working hours and ultimately reduces costs, all made possible through modern solutions. Keeping these concepts in mind, we will delve into the fundamental dynamics of project management dashboards, examine exemplary instances and templates, and explore the myriad benefits they offer.

Dashboards 52

Dashboards Management Visualization Cost-Benefit 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 84

Key Performance Indicator Forecasting Data Integration Sales 84

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 134

Management Cost-Benefit Key Performance Indicator Software 134

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

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

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. Lower financial risk: According to IBM’s recent Cost of Data Breach Report, the average cost of a data breach was USD 4.45

Cost-Benefit 95

Cost-Benefit Risk Enterprise Advertising 95

FineReport

APRIL 9, 2024

Comparing leading BI tools provides valuable insights into the diverse capabilities and features available for data analysis and reporting. These benefits include enhanced operational efficiency through streamlined processes and optimized resource allocation.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

FineReport

AUGUST 13, 2021

Insurance companies provide risk management in the form of insurance contracts. Industry-specific, comprehensive, and reliable data management and presentation have become an issue of increasing concern in the insurance industry. This kind of dashboard reports the primary claim status and analyzes the process.

Insurance 52

Insurance Dashboards KPI Analytics 52

Ontotext

JULY 6, 2023

Case studies The risk and opportunity event detection use case discussed above combines all of Ontotext’s capabilities: storing and managing large amounts of data adding meaning to it (e.g.,, Connected Inventory Ontotext’s Connected Inventory integrates data from various sources, which enables efficient reporting.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

IBM Big Data Hub

SEPTEMBER 18, 2023

However the payment is being made, the payment system’s IT architecture needs to securely manage the key functions, including payments processing, clearing and settlement, risk management, integration and connectivity, and analytics and reporting.

Risk 78

Risk Cost-Benefit Digital Transformation Risk Management 78

erwin

AUGUST 20, 2020

Benefits of Enterprise Architecture. Through EA, organizations benefit from a context-rich, top-down and holistic perspective of their structure, including its limitations and potential. Benefits of Enterprise Architecture. The benefits of EA include: Better decision-making. Reduced risks and costs.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

Smart Data Collective

MAY 8, 2022

When you combine big data with AI, you can help your users extract highly-valuable insights from data, foster data literacy across your company or organization, and take advantage of the many other benefits it offers. Improves decision making and reduces costs. However, there may be issues whenever the generated data isn’t good.

Big Data 107

Big Data Data Analytics Analytics Cost-Benefit 107

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. Several of the overall benefits of data management can only be realized after the enterprise has established systematic data governance.

Data Governance 142

Data Governance Management Metadata Data Quality 142

CIO Business Intelligence

JULY 13, 2023

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. To fulfill this, companies can be transparent about their strategies and risk management. Governance.

IT 98

IT Internet of Things Strategy IoT 98

CIO Business Intelligence

SEPTEMBER 20, 2023

Equally important, the documented vision is a tool for agile teams to make implementation decisions when there are multiple ways to solve problems, each with different benefits and tradeoffs. The writing process builds trust, and a documented vision builds a shared understanding of priorities.

Digital Transformation 135

Digital Transformation Uncertainty Metrics Business Objectives 135

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

Smart Data Collective

DECEMBER 17, 2021

We talked about the benefits of Zero Trust , but there are other data protection measures that you must take too. Benefits of cloud backup. In addition to the security required by certification, most providers can also provide 7×24 monitoring, management and reporting. What is backup? Reduce recovery time.

Cost-Benefit 105

Cost-Benefit Measurement Big Data ROI 105

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

Smart Data Collective

DECEMBER 9, 2021

Accounting leaders in firms across the country are recognizing the benefits of letting employees work from home, not just for safety’s sake, but for morale as well. The cloud has been very important in these changes. Many financial experts have started talking about ways to utilize cloud technology in accounting.

Technology 124

Technology Big Data Machine Learning Deep Learning 124

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. Project management and operations : Generative AI tools can support project managers with automation within their platforms.

Enterprise 126

Enterprise Modeling Testing Data-driven 126