IBM Big Data Hub

MARCH 27, 2024

As businesses make plans to mitigate climate risks such as extreme weather events, they have an opportunity to innovate with new business models and demonstrate leadership by implementing more sustainable practices. What is climate risk? These risks can make it difficult or impossible for organizations to operate in affected locations.

Risk 66

Risk Forecasting Insurance Strategy 66

CIO Business Intelligence

JANUARY 24, 2024

Organizations can’t afford to mess up their data strategies, because too much is at stake in the digital economy. Unfortunately, the road to data strategy success is fraught with challenges, so CIOs and other technology leaders need to plan and execute carefully. Here are some data strategy mistakes IT leaders would be wise to avoid.

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

CIO Business Intelligence

NOVEMBER 15, 2023

This article was co-authored by Ishan Prakash , a Manager at Metis Strategy. Once relegated to a role of support, the function now can inform entire strategies as critically as it does key processes or core products. Such a report has a legacy already, if only a short one. and 3.5%, respectively. Good question.

Publishing 124

Publishing Reporting IT Finance 124

CIO Business Intelligence

FEBRUARY 20, 2024

The risks and opportunities of AI AI is opening a new front in this cyberwar. The tool can be put to a broad range of uses, integrating with the Microsoft ecosystem to enable more effective incident response, threat hunting, security reporting, compliance and fraud operations, cybersecurity training, security virtual agents and more.

Risk 122

Risk Insurance Measurement Strategy 122

Jet Global

MARCH 30, 2021

Tax planning is playing an increasingly important part in corporates’ enterprise resource management (ERM) strategies, driven by the many uncertainties created by political, economic, and pandemic-related trends. Take Responsibility for Risk Oversight. Take Responsibility for Risk Oversight.

Risk Management 98

Risk Management Risk Strategy Enterprise 98

IBM Big Data Hub

JANUARY 19, 2024

Disaster recovery strategies provide the framework for team members to get a business back up and running after an unplanned event. Worldwide, the popularity of disaster recovery strategies is understandably increasing. A disaster recovery strategy lays out how your businesses will respond to a number of unplanned incidents.

Strategy 99

Strategy Cost-Benefit Testing Risk 99

DataRobot Blog

APRIL 29, 2022

This provides a great amount of benefit, but it also exposes institutions to greater risk and consequent exposure to operational losses. The stakes in managing model risk are at an all-time high, but luckily automated machine learning provides an effective way to reduce these risks.

Risk 111

Risk Modeling IT Risk Management 111

CIO Business Intelligence

MARCH 12, 2024

And 2024 looks to be that kind of year, with John-David Lovelock, distinguished VP analyst, reporting that “IT spending will be driven by more traditional forces, such as profitability, labor, and dragged down by a continued wave of change fatigue.” Here are three strategies for getting it done. The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

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

JULY 31, 2023

For those companies operating on a calendar year, the end of summer signals the start of annual planning and the mad dash to prepare their IT strategies. Your answers will lay the foundation for your strategy and highlight where your story needs work if you want to avoid fire drills in the eleventh hour. What’s the vision for IT?

Strategy 98

Strategy IT Cost-Benefit Finance 98

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 94

Strategy Cost-Benefit Digital Transformation Uncertainty 94

CIO Business Intelligence

APRIL 29, 2024

When asked which challenges most often force IT to redirect time and focus away from strategy and innovation tasks, CIOs most commonly cited staff and skills shortages, changing business conditions, and addressing security threats. It hit us all and kept us from looking at the things we were working on,” he says. “We

IT 128

IT Consulting Technology Strategy 128

CIO Business Intelligence

APRIL 30, 2024

The law will create new mandates for organizations to validate, monitor, and audit the entire AI lifecycle, says Kjell Carlsson, head of AI strategy at Domino Data Lab, a data science and AI company. EU residents will have a right to submit complaints about high-risk AI systems and receive explanations about decisions.

IT 115

IT Risk Data-driven Modeling 115

CIO Business Intelligence

MARCH 6, 2023

According to the report, better serving customers, helping to take advantage of data, and allowing organizations to operate more efficiently were cited as the top benefits of the technology by 87%, 80% and 79% of respondents respectively. Various forms of AI have been used by businesses for decades.

Reporting 105

Reporting IT Risk Technology 105

CIO Business Intelligence

JANUARY 23, 2023

The tech industry has long been known for its lack of diversity and, as a result, there’s been a big push for companies to take DEI strategies seriously. times higher cash flow per employee and three in four job seekers and workers prefer diverse companies, according to data from a 2022 BuiltIn report. And it is the Nashville, Tenn.-based

Strategy 98

Strategy IT Reporting Data Processing 98

datapine

MARCH 8, 2021

For hospitals, hospices, medical centers, homecare operators, and palliative care professionals looking to improve operational efficiency, producing and working with a healthcare report is the answer. Now, we’re going to consider the importance of reporting in this noblest of industries. What Is Healthcare Reporting?

Reporting 198

Reporting KPI Management Cost-Benefit 198

Smart Data Collective

JUNE 19, 2022

Since AI has proven to be so valuable, an estimated 37% of companies report using it. AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. Failure or Delay Risk. Failure to deliver goods is one of the most common risks businesses have suffered over the past two years.

Risk 133

Risk Cost-Benefit Risk Management Manufacturing 133

CIO Business Intelligence

APRIL 17, 2024

On average, it takes professional services firms more than a month from the beginning of the estimating process to actually send an estimate to a customer, said Chloe Stephenson, a senior product strategy manager at Certinia, in a press briefing held last week. But that’s it, you know?”

IT 111

IT Data Processing Software Risk 111

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. CFOs want certainty when it comes to spend. Meanwhile, CIOs want certainty when it comes to funding.

Modeling 124

Modeling Cost-Benefit IT ROI 124

CIO Business Intelligence

DECEMBER 5, 2023

In fact, manufacturing was one of the sectors most impacted by extortion attacks last year, according to Palo Alto Networks Unit 42, as reported in the 2023 Unit 42 Extortion and Ransomware Report. Why is this sector at such risk? Cyberattacks on operational technology (OT) systems are rapidly rising.

Technology 105

Technology Strategy Manufacturing Digital Transformation 105

CIO Business Intelligence

OCTOBER 12, 2023

You require a strategy for efficient, productive, and responsible corporate use. Although it’s early days, as many as 75% of organizations reported quantified outcomes from GenAI projects, with 26% expecting productivity gains, according to a Dell Technologies survey of IT decision makers. These tips will help you get started.

Strategy 127

Strategy Marketing Metrics Technology 127

CIO Business Intelligence

JANUARY 9, 2024

The October 2023 CEO Outlook Pulse from professional services firm EY reported that 99% of chief executives were planning to invest in generative AI. The October 2023 CEO Outlook Pulse from professional services firm EY reported that 99% of chief executives were planning to invest in generative AI. back for every $1 invested in AI.

IT 140

IT Risk Cost-Benefit Enterprise 140

CIO Business Intelligence

APRIL 11, 2024

Oracle Cloud Infrastructure is now capable of hosting a full range of traditional and modern IT workloads, and for many enterprise customers, Oracle is a proven vendor,” says David Wright, vice president of research for cloud infrastructure strategies at research firm Gartner.

Enterprise 124

Enterprise IT Data Processing Strategy 124

Rocket-Powered Data Science

OCTOBER 16, 2020

While there has been accelerating interest in implementing AI as a technology, there has been concurrent growth in interest in implementing successful AI strategies. 4) Only 26% of respondents reported that AI technologies are being used to replace human labor. But it was not just a snapshot on the state of AI in 2020. organizations.

Strategy 198

Strategy Insurance Snapshot Digital Transformation 198

IBM Big Data Hub

SEPTEMBER 13, 2023

According to the Cost of a Data Breach 2023 Report by IBM, the average cost of a data breach reached a record high of USD 4.45 As data leaks on the dark web continue to make headlines, organizations face heightened pressure to reinforce their breach containment strategies. million this year.

Risk 103

Risk Management Strategy Measurement 103

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode.

Strategy 98

Strategy Risk Enterprise Risk Management 98

CIO Business Intelligence

MARCH 3, 2024

For its 2023 Security Priorities report, Foundry surveyed 790 IT security workers to understand their projects and priorities. The adversaries, at least for now, have the upper hand on many global organisations,” the report concluded. Its conclusions were less than optimal.

IT 111

IT Measurement Risk Testing 111

CIO Business Intelligence

NOVEMBER 22, 2022

Every enterprise needs a data strategy that clearly defines the technologies, processes, people, and rules needed to safely and securely manage its information assets and practices. Here’s a quick rundown of seven major trends that will likely reshape your organization’s current data strategy in the days and months ahead.

Data Strategy 145

Data Strategy Strategy Enterprise Consulting 145

CIO Business Intelligence

AUGUST 5, 2022

A vast majority of enterprises globally are overspending in the cloud, according to a new HashiCorp-Forrester report. The report showed that a majority of enterprises surveyed were already using multicloud infrastructures. Further, the report said that 90% of respondents claimed a multicloud strategy is working for their enterprises.

Reporting 124

Reporting Enterprise Cost-Benefit Digital Transformation 124

CIO Business Intelligence

JULY 4, 2023

It’s not uncommon for CIOs, CISOs, and sometimes their direct reports to be called on to participate in board meetings or to present IT strategies and plans to their boards of directors. Make sure you work with this champion outside of the board setting to ensure alignment and adoption of your technology strategy.”

IT 135

IT Digital Transformation Risk Consulting 135

CIO Business Intelligence

MARCH 4, 2024

Ever-shifting domain-level business logic and architectures add to the workload of overwhelmed central data teams, which results in difficult, misaligned metric reporting and declining data reliability. Stakeholders are currently waging an open debate across the industry of centralization versus federated data strategies.

Insurance 98

Insurance Strategy Data Governance Data Integration 98

CDW Research Hub

DECEMBER 8, 2021

Unfortunately, the holidays can also bring an increased risk of data breaches. That’s a 62% increase in reported incidents and a 20% increase in reported losses compared to 2020. The post Holiday Strategy for Ransomware Recovery appeared first on Sirius Computer Solutions. million in losses.

Strategy 88

Strategy Risk Consulting Data Governance 88

IBM Big Data Hub

SEPTEMBER 6, 2023

In a May 2023 survey carried out by IBM and Momentive.ai , 67% of CMOs reported that they plan on implementing generative AI in the next 12 months and 86% plan to do so within 24 months. With the right generative AI strategy, marketers can mitigate these concerns. The journey starts with sound data.

Marketing 121

Marketing Strategy B2B Cost-Benefit 121

CIO Business Intelligence

MAY 26, 2023

The overall perceived value of IT certifications is shifting, according to the 2023 Tech Salary Trends report from Dice. The overall perceived value of IT certifications is shifting, according to the 2023 Tech Salary Trends report from Dice. Certifications are a great way for IT pros to pave a path to a specific career in tech.

IT 124

IT Reporting Risk Consulting 124

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 93

Strategy Data Architecture Cost-Benefit Reporting 93

CIO Business Intelligence

MAY 2, 2023

Despite the best of intentions, CIOs and their organizations often struggle to deliver business outcomes from digital transformation strategies. And while KPMG reports that 72% of CEOs have aggressive digital investment strategies, McKinsey details a harsh reality that 70% of transformations fail.

Digital Transformation 141

Digital Transformation IT Data-driven Metrics 141

CIO Business Intelligence

APRIL 27, 2023

The past year was rough for the tech industry, with several companies reporting layoffs and the looming threat of a recession. And according to the latest 2023 Dice Tech Salary Report , you don’t need to reach for an executive career in IT to earn a six-figure salary. as of January. increase from 2021. increase from 2021.

IT 116

IT Software Risk Management 116