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 140

Digital Transformation Unstructured Data Machine Learning Risk Management 140

CIO Business Intelligence

NOVEMBER 21, 2023

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 131

IT Risk Cost-Benefit Risk Management 131

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 134

Cost-Benefit Digital Transformation Consulting Strategy 134

CIO Business Intelligence

MARCH 18, 2024

When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. The CIO has strategies in place to address all three. It’s a significant danger with significant costs. They don’t grasp how much that can cost,” says Nafde. “We Nafde agrees.

Risk 126

Risk Cost-Benefit Data Processing Testing 126

CIO Business Intelligence

SEPTEMBER 14, 2023

As exchanges were modernizing, they looked at the cost benefit and realized it was better to buy Nasdaq’s technology,” Peterson says. When you have to calculate risk, it works really well to spread it horizontally in the cloud,” Peterson says. The company, which reported net revenues of $3.6

Risk Management 108

Risk Management Risk Marketing Cost-Benefit 108

Smart Data Collective

JUNE 19, 2022

The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. All companies require complex relationships with various suppliers and service providers to develop the products and services they offer to clients and customers — but those relationships always carry some risk.

Risk 130

Risk Cost-Benefit Risk Management Manufacturing 130

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 59

Cost-Benefit Risk Management Risk Digital Transformation 59

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. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Specific types of sourcing minimize costs in different ways.

Cost-Benefit 84

Cost-Benefit Scorecard Risk Recreation/Entertainment 84

CIO Business Intelligence

NOVEMBER 23, 2022

Enterprise architecture definition Enterprise architecture (EA) is the practice of analyzing, designing, planning, and implementing enterprise analysis to successfully execute on business strategies. Another main priority with EA is agility and ensuring that your EA strategy has a strong focus on agility and agile adoption.

Enterprise 121

Enterprise Cost-Benefit Digital Transformation Strategy 121

CIO Business Intelligence

AUGUST 5, 2022

Further, the report said that 90% of respondents claimed a multicloud strategy is working for their enterprises. This contrasts with just 53% of respondents claiming that such a strategy was working for them in last year’s survey. Multicloud infrastructure works for most enterprises.

Reporting 120

Reporting Enterprise Cost-Benefit Digital Transformation 120

Laminar Security

DECEMBER 22, 2023

In the age of cloud computing, data security and cost management are paramount for businesses. Data Security Posture Management (DSPM) serves as a critical tool in this landscape, offering businesses a way to keep their data secure while also managing their cloud storage costs effectively.

Cost-Benefit 95

Cost-Benefit Risk Optimization Risk Management 95

FineReport

APRIL 9, 2024

Benefits of Utilizing BI Tools The utilization of data analysis tools such as business intelligence software offers numerous benefits for organizations seeking to gain a competitive edge in today’s dynamic market landscape. This results in optimized resource utilization and cost efficiencies while enhancing overall productivity.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

Smart Data Collective

OCTOBER 13, 2021

One of the biggest benefits of AI is that it has led to new breakthroughs in automation. Automating processes can be costly, but it’s a worthy long-term investment that helps businesses align their strategies for streamlined operations. Automate processes. Take advantage of data analytics. Consider improving user experience.

Technology 120

Technology Cost-Benefit Experimentation Machine Learning 120

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., In the U.S.,

Cost-Benefit 78

Cost-Benefit Testing Strategy Risk Management 78

AWS Big Data

FEBRUARY 1, 2024

The solution should be scalable, cost-efficient, and straightforward to adopt and operate. Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization.

Data Warehouse 121

Data Warehouse Dashboards Risk Management Risk 121

Smart Data Collective

JULY 19, 2021

When you decide to relocate or broaden your data center, you need to take into account the costs, operational capability, and security. Benefits Of Data Center Colocation. Risk Management. This is probably the second most adored benefit of data center colocation solutions.

Cost-Benefit 129

Cost-Benefit Risk Management Risk Consulting 129

IBM Big Data Hub

JANUARY 16, 2024

Since AI has an ability to find trends in data, AI helps insurers create personalized products which could lead to more accurate risk assessments and ease insurance costs for individuals. Mitigation efforts and having the proper risk management tools will be vitally important as threats increase.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

CIO Business Intelligence

JULY 15, 2022

Vendor management helps organizations take third-party vendor relationships from a passive business transaction to a proactive collaborative partnership. While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security. Benefits of vendor management.

Management 107

Management Cost-Benefit Risk Software 107

IBM Big Data Hub

OCTOBER 26, 2023

While many companies utilize siloed software solutions to operationalize their environmental efforts, this introduces additional complexities and cost. Challenges arise when these software solutions need to be integrated in order to expose insights that could maximize their benefits.

Reporting 76

Reporting Software Cost-Benefit Strategy 76

CIO Business Intelligence

MARCH 9, 2023

IT leaders may find that prices are going up without an accompanying increase in benefits, with technology providers — less dependent on any one industry or geography — taking a harder line on deals, says Achint Arora, a partner in the pricing assurance practice at Everest Group. What’s more, technology contracts are often multilayered.

Cost-Benefit 104

Cost-Benefit Risk Uncertainty Technology 104

CIO Business Intelligence

OCTOBER 3, 2023

These tools bring benefits beyond automation. They enable greater efficiency and accuracy and error reduction, better decision making, better compliance and risk management, process optimisation and greater agility. Organisational change management (OCM): processes do not exist in isolation from organisational structures.

Cost-Benefit 108

Cost-Benefit Machine Learning Interactive Software 108

Smart Data Collective

APRIL 21, 2022

The market for AI is growing due to its obvious benefits. Many of them have utilized many management programs but finding the most best application without the assistance of an experienced consultant can be a challenge. What are application consulting services and can they help with your AI strategy? trillion by 2030.

Consulting 94

Consulting Cost-Benefit Software Machine Learning 94

CIO Business Intelligence

APRIL 11, 2022

Gone are the days of the CIO being a back-office IT cost manager,” declares Chris Scheefer, vice president of intelligent industry at technology services and consulting firm Capgemini Americas. The key to success, Scheefer believes, is to become the C-suite’s vehicle for driving business strategy and transformation at pace and scale.

Cost-Benefit 115

Cost-Benefit Digital Transformation Strategy Consulting 115

CIO Business Intelligence

MAY 9, 2022

Holistic, multi-dimensional collaboration delivers the highest total value, considering cost, speed, risk, quality, and overall customer experience. It includes order collaboration, forecast, capacity, inventory, quality, and cost collaboration with suppliers. Better risk management and control.

Cost-Benefit 80

Cost-Benefit Forecasting Risk Management Risk 80

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 130

Management Cost-Benefit Key Performance Indicator Software 130

Ontotext

JULY 6, 2023

The solution brings many business benefits. By promptly identifying and addressing risks, it enhances operational resiliency and enables proactive risk management. The solution also reduces incident response times, optimizes processes and streamlines asset management. The tool offers various business benefits.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

CIO Business Intelligence

MARCH 24, 2023

The Data Management Association (DAMA) International defines it as the “planning, oversight, and control over management of data and the use of data and data-related sources.” Data governance framework Data governance may best be thought of as a function that supports an organization’s overarching data management strategy.

Data Governance 142

Data Governance Management Metadata Data Quality 142

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. With automation in place, you just need to develop backup strategies for your data with a consistent scheduling process.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

CIO Business Intelligence

MARCH 13, 2024

But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. In February, McKinsey released the results of a survey showing that 84% of telcos using gen AI for customer services were seeing cost savings, and 45% of them reduced costs by 6% or more. But that was for tasks that the AI was good at.

IT 124

IT Consulting Testing Cost-Benefit 124

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

JULY 13, 2023

As technology innovators, we all must take responsibility and develop strategies to impact meaningful change. This area of sustainable IT concentrates on green infrastructure, implementing circular technology strategies and reducing emissions to achieve carbon neutrality. Environment. Governance. The time for action is now.

IT 85

IT Internet of Things Strategy IoT 85

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 104

Big Data Data Analytics Analytics Cost-Benefit 104

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 92

Cost-Benefit Risk Enterprise Advertising 92

IBM Big Data Hub

JULY 27, 2023

How EAM can help oil and gas companies Enterprise asset management (EAM) can help companies more easily manage a complex array of assets, from drilling rigs and pipelines to refineries and storage facilities. Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs.

Cost-Benefit 58

Cost-Benefit IoT Internet of Things Enterprise 58

Smart Data Collective

AUGUST 1, 2022

There are a number of ways that traders can benefit from AI. There are many requirements to be a successful algorithmic trader and the most critical one is knowledge of both the AI technology behind it and the strategies that help it work effectively. Many people can learn about the benefits of AI technology with it.

Cost-Benefit 106

Cost-Benefit Machine Learning Marketing Strategy 106

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

IBM Big Data Hub

FEBRUARY 13, 2024

Invest in data hygiene and collection strategies to keep your engine running smoothly. It assists in structural optimization which ensures that products are strong, durable and use minimal material, leading to considerable cost reductions. This interdisciplinary team will help to ensure your generative AI is a success.

Enterprise 122

Enterprise Modeling Testing Data-driven 122