CIO Business Intelligence

MARCH 18, 2024

Amid the turbulence of AI, technologies are emerging rapidly, startups are clamoring for attention, and hyperscalers are scrambling to corral market share. Brian Hopkins, vice president for emerging technology at Forrester Research, agrees. There are a lot of risks and a lot of land mines to navigate,” says the analyst.

Risk 131

Risk Cost-Benefit Data Processing Testing 131

CIO Business Intelligence

SEPTEMBER 14, 2023

Generative AI represents the next generation of this technology, and we are currently working on several ways we can effectively leverage it — both in our products and in our business.” As exchanges were modernizing, they looked at the cost benefit and realized it was better to buy Nasdaq’s technology,” Peterson says.

Risk Management 114

Risk Management Risk Marketing Cost-Benefit 114

Smart Data Collective

JUNE 19, 2022

How AI Can Help Suppliers Manage Risks Better. AI technology has been helpful for businesses in different industries for years. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Brand Reputation Risk. Price and Cost Risk.

Risk 133

Risk Cost-Benefit Risk Management Manufacturing 133

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. Most of these new technologies are born-in-cloud.

Cost-Benefit 61

Cost-Benefit Risk Management Risk Digital Transformation 61

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 135

IT Risk Cost-Benefit Risk Management 135

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. Such analysis and decision-making are often optimized with the help of various technologies, including artificial intelligence tools and data analytics platforms.

Cost-Benefit 87

Cost-Benefit Scorecard Risk Recreation/Entertainment 87

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

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 142

Digital Transformation Unstructured Data Machine Learning Risk Management 142

CIO Business Intelligence

DECEMBER 29, 2023

With the merging of operational efficiency and embracing new technologies, today’s CIOs are under increasing pressure to do more with less and become both technologists and business leaders, says Sunny Azadeh, CIO at digital services company GlobalLogic. “In

Cost-Benefit 137

Cost-Benefit Digital Transformation Consulting Strategy 137

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

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. This is something we’re likely to see more of this year.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

erwin

MARCH 25, 2021

And with many competing projects and activities vying for people’s time, it must be clear to people why choosing data governance activities will have a direct benefit to them. Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We

Data Governance 109

Data Governance IT Cost-Benefit Risk 109

IBM Big Data Hub

FEBRUARY 19, 2024

It includes everything from product development and strategic decision-making to information systems and new technologies. To mitigate these risks , companies need the resources and technology to develop robust contingency plans. But perhaps most relevant today are the capabilities within SCM to help mitigate disruption.

Strategy 89

Strategy Management Forecasting Cost-Benefit 89

Smart Data Collective

SEPTEMBER 28, 2021

In today’s modern era, AI and IoT are technologies poised to impact every part of the industry and society radically. Because most businesses devote their primary efforts to developing their brand, software applications, or network, new technologies are apt to transform how they operate. Benefits of AI and IoT in Businesses.

IoT 132

IoT Internet of Things Cost-Benefit Consulting 132

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

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 119

Data Warehouse Dashboards Risk Management Risk 119

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. For instance, if cost savings is a goal, a corresponding procurement objective might be achieving a level of cost reductions.

Strategy 74

Strategy Cost-Benefit Key Performance Indicator Consulting 74

CIO Business Intelligence

NOVEMBER 23, 2022

Modern EA strategies now extend this philosophy to the entire business, not just IT, to ensure the business is aligned with digital transformation strategies and technological growth. A good EA strategy considers the latest innovations in business processes, organizational structure, agility, information systems, and technologies.

Enterprise 126

Enterprise Cost-Benefit Digital Transformation Strategy 126

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. Benefits of hiring Application development consulting to take advantage of the power of AI. ?

Consulting 96

Consulting Cost-Benefit Software Machine Learning 96

CIO Business Intelligence

MARCH 9, 2023

In an IT marketplace marked by turbulence, inflation, and economic uncertainty, the process of contracting with vendors for technology products and services has gotten significantly more challenging for CIOs. What’s more, technology contracts are often multilayered. There are an increasing range of technologies and providers.

Cost-Benefit 111

Cost-Benefit Risk Uncertainty Technology 111

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. To learn more, visit us here.

Digital Transformation 123

Digital Transformation Risk Cost-Benefit Risk Management 123

CIO Business Intelligence

MARCH 13, 2024

Even though generative AI is a relatively new technology, it’s now difficult to imagine a world without it, given the impact it’s making, and the business value it can create. We’re seeing a 15 to 20% uplift of productivity across the board,” says Matt Barrington, EY’s Americas emerging technologies leader. for every $1 spent.

IT 127

IT Consulting Testing Cost-Benefit 127

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 86

Cost-Benefit Forecasting Risk Management Risk 86

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 116

Cost-Benefit Machine Learning Interactive Software 116

IBM Big Data Hub

JULY 27, 2023

EAM systems can include functions like maintenance management, asset lifecycle management , inventory management and work order management, among others. Predictive and preventive maintenance : The advent of IoT and AI technologies has transformed EAM systems into predictive maintenance tools.

Cost-Benefit 61

Cost-Benefit IoT Internet of Things Enterprise 61

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 skills and responsibilities.

Management 115

Management Cost-Benefit Risk Software 115

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

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

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. They use integration and analytics tools from the SAP Business Technology Platform along with the PwC best practices to link with client systems and provide a tool to meet the needs of both the goals and the laws.

Cost-Benefit 79

Cost-Benefit Risk Digital Transformation Risk Management 79

CIO Business Intelligence

OCTOBER 11, 2022

When it comes to IT resourcing during tough economic times, cutting costs in the wrong places can be dangerous. Smart companies, however, are building powerful third-party Technology partnerships to maximise budgets and simplify their IT operations, so they can continue to grow and innovate. The fact is they can’t afford not to.

Cost-Benefit 59

Cost-Benefit IT Risk Management Data Processing 59

IBM Big Data Hub

FEBRUARY 13, 2024

Key considerations: Tech stack: Ensure your existing technology infrastructure can handle the demands of AI models and data processing. Generative AI use cases Excitement about this new technology has spread quickly throughout various industries and departments. Garbage in, garbage out.

Enterprise 127

Enterprise Modeling Testing Data-driven 127

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 78

Risk Modeling Management Metadata 78

Smart Data Collective

SEPTEMBER 13, 2022

Big data technology has led to some major changes in the banking sector. One of the biggest benefits of big data has been the development of ACH payment processing. Many businesses can benefit from it if they use it correctly. Here are some of the benefits that data-driven ACH systems have created for small businesses.

Big Data 78

Big Data Cost-Benefit Risk Management Data-driven 78

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. This means becoming more than a mechanism for technology project delivery and management,” he notes.

Cost-Benefit 119

Cost-Benefit Digital Transformation Strategy Consulting 119

Ontotext

JULY 6, 2023

Changing the game with knowledge graphs So how does knowledge graph technology help enterprises in the Financial Services Industry become data-driven? Let’s consider an example about risk and opportunity event detection. The solution brings many business benefits. The business benefits here are also significant.

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 79

Risk Cost-Benefit Digital Transformation Risk Management 79

erwin

AUGUST 20, 2020

It provides a visual blueprint, demonstrating the connection between applications, technologies and data to the business functions they support. 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.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140