CIO Business Intelligence

AUGUST 15, 2024

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. Operating profit gains from AI doubled to nearly 5% between 2022 and 2023, with the figure expected to reach 10% by 2025, she adds. What comes up must come down.”

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

CIO Business Intelligence

OCTOBER 23, 2023

We’re also emphasizing transparency in our sustainability metrics, so that current and future Equinix customers can easily see how our efforts might benefit their sustainability bottom line. In 2022, we were once again an industry leader in this regard. We also reduced our own operational emissions. In the U.S.,

Metrics 110

Metrics Reporting Strategy Data-driven 110

CIO Business Intelligence

MARCH 12, 2024

When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time. CIOs can change this thinking by incorporating preemptive projects like disaster recovery into their corporate risk management strategies. The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

CIO Business Intelligence

MAY 4, 2022

Ceridian SVP and CIO Carrie Rasmussen got a 7% bump in her IT budget for 2022, with her company’s growth, its ongoing digitalization drive, and security mindfulness driving the boost. More specifically, Rasmussen is boosting her spend on cybersecurity to help manage risk, a key element for enabling Ceridian’s planned global expansion.

IT 135

IT Business Driver Reporting Uncertainty 135

CIO Business Intelligence

OCTOBER 2, 2023

Nearly three-quarters of midsize and large companies report having a PMO, according to the 2022 State of the Project Management Office report from PM Solutions, a project management services firm. But, as the PM Solutions 2022 State of the Project Management Office report found, where PMOs reside in an org chart and who oversees them varies.

Management 124

Management Scorecard Key Performance Indicator Risk 124

CIO Business Intelligence

SEPTEMBER 15, 2023

It enables the organization to focus on its core business while managing risks and accelerating time-to-market for new products and services. It also helps identify areas of risk where provider spend has declined and opportunities to reopen terms for providers whose spend has increased. Outsourcing

Optimization 111

Optimization IT Metrics Marketing 111

CIO Business Intelligence

MAY 28, 2022

Here, McGlennon says governing controls, instrumentation, and observability metrics are key. We’ve worked with our cloud partners to better instrument our applications and better understand how they’re performing,” says McGlennon, who was a finalist for the MIT Sloan CIO Leadership Award for 2022.

Insurance 145

Insurance Machine Learning Digital Transformation Cost-Benefit 145

CIO Business Intelligence

SEPTEMBER 13, 2024

Beginning in June 2022, the Santa Clara, Calif.-based The Logistic Service Center, which went live in November 2022, reduced the campus footprint by 50%. Applied Materials has modernized its warehouse distribution operations just in time to serve the rapidly transforming semiconductor industry for the AI era.

Manufacturing 123

Manufacturing Cost-Benefit Testing Interactive 123

CIO Business Intelligence

AUGUST 5, 2022

However, according to Foundry’s 2022 State of the CIO Survey , 76% of CIOs say it’s challenging to find the right balance between business innovation and operational excellence. For example, you may determine that 30% of your overall SQI will be driven by the Issue Resolution quality metrics. sectors) for root cause analysis.

Metrics 105

Metrics Dashboards Measurement Data-driven 105

DataKitchen

JULY 3, 2023

Teams Did Not Build Current Architecture For Rapid And Low-Risk Changes Those Systems Teams have complicated in-place data architectures and tools and fear changes to what is already running. 22% of data engineers’ time is spent on innovation, but 78% on errors and manual execution (Gartner 2022).

Testing 130

Testing Risk Data-driven Statistics 130

CIO Business Intelligence

SEPTEMBER 22, 2022

According to Deloitte’s Q1 2022 CFO Signals survey , a quarterly poll of Fortune 500 CFOs on business sentiment and strategy, 35% of respondents indicated they had oversight of their organization’s IT leader, with 28% reporting direct oversight. Assessing IT oversight.

Digital Transformation 114

Digital Transformation Snapshot Finance Strategy 114

IBM Big Data Hub

JUNE 13, 2022

Beyond these common uses of AI, there are also uses that regulators are beginning to identify as areas where there may be a higher risk. Trustworthy outcomes are critical for all AI systems, particularly in high-risk contexts, and this is a key factor in why the market for responsible AI solutions is expected to double in size in 2022 [2].

Risk 98

Risk Risk Management Data-driven Metrics 98

CIO Business Intelligence

DECEMBER 6, 2024

Muthukrishnan notes that after seeing the rise of LLMs and gen AI in 2022, it was clear the company needed to shift its AI ambitions to make use of the new technology. Together, they formed an internal team of professionals in financial service fields including regulatory compliance, risk management, and audit, among others.

Marketing 122

Marketing Technology Risk Measurement 122

DataRobot Blog

OCTOBER 18, 2022

The DataRobot expo booth at the 2022 conference showcased our AI Cloud platform with industry-specific demonstrations including Anti-Money Laundering for Financial Services , Predictive Maintenance for Manufacturing and Sales Forecasting for Retail. DataRobot Booth at Big Data & AI Toronto 2022. Monitoring with Machine Learning.

Big Data 96

Big Data Forecasting Machine Learning Experimentation 96

CIO Business Intelligence

JUNE 10, 2022

Secure asset decommissioning reduces the risk of financial penalties and data breaches and helps meet sustainability goals. Beyond regulatory and financial penalty concerns, disposal efforts are also a burden for IT staff. recycle, refurbish, or disposal). Stay tuned for more in the coming weeks from Aruba.

Metrics 98

Metrics Machine Learning Optimization Sales 98

AWS Big Data

MAY 16, 2024

You can now reduce your cluster’s storage and compute capacity by removing sets of brokers, with no availability impact, data durability risk, or disruption to your data streaming applications. MSK performs the necessary validations to safeguard against data durability risks and gracefully removes the brokers from the cluster.

Metrics 104

Metrics Optimization Data Processing Management 104

CIO Business Intelligence

MAY 16, 2023

Top Technologies Mentioned in Innovation Conversations Tweets from Verified Accounts, January 2021 – December 2022 Opportunities abound for innovating with AI. McKinsey & Company’s 2022 Global Survey on AI says , “AI adoption globally is 2.5x higher [in 2022] than in 2017.”

Advertising 105

Advertising Recreation/Entertainment Experimentation Data Collection 105

CIO Business Intelligence

SEPTEMBER 26, 2023

Traditional IT monitoring software tells you what is happening via metrics, logs, traces, alerts, etc. Cybersecurity risk level indicators – normal, low, medium, and high – which AIOps derives are giant steps ahead of manual methods of checking systems for security lapses and vulnerabilities. and/or its affiliates in the U.S.

IT 138

IT Key Performance Indicator Software Metadata 138

CIO Business Intelligence

DECEMBER 19, 2022

Combating the Cycle of Distrust Edelman called its 2022 trust survey The Cycle of Distrust. By improving digital systems with universal AI to reduce grunt work and increase the strategic and creative component, employers will improve employee experience, resulting in less burnout, greater company loyalty and a reduced risk of staff churn.

Advertising 97

Advertising Cost-Benefit Metrics Marketing 97

CIO Business Intelligence

NOVEMBER 22, 2022

As a result, a growing number of IT leaders are looking for data strategies that will allow them to manage the massive amounts of disparate data located in silos without introducing new risk and compliance challenges.

Data Strategy 145

Data Strategy Strategy Enterprise Consulting 145

AWS Big Data

OCTOBER 9, 2024

Background In early 2022, a business unit of a global financial services provider began their journey to migrate their customer solutions to AWS. We also discuss a data-driven approach using a hackathon focused on cost optimization along with Apache Spark and Apache HBase configuration optimization.

Optimization 128

Optimization Testing Data-driven Strategy 128

AWS Big Data

MARCH 12, 2024

By early 2022, we successfully migrated our big data workloads to EMR on EC2. Using best practices learned from the AWS FinHack program, we fine-tuned resource-intensive jobs, converted Pig and Hive jobs to Spark, and reduced our batch workload spend by 22.75% in 2022. Transitioning from Pig to Spark was more efficient.

Cost-Benefit 115

Cost-Benefit Big Data Optimization Metrics 115

CIO Business Intelligence

AUGUST 9, 2022

Over the past decade, an ever-growing number of organisations have taken their infrastructure and applications to the cloud, delivering noticeable results impacting the bottom line and several other business metrics. Traditionally, ITOps teams have always been focused on minimising the risks brought about by change.

Strategy 98

Strategy Digital Transformation Metrics Dashboards 98

Alation

SEPTEMBER 7, 2021

In this blog we will discuss how Alation helps minimize risk with active data governance. Governance influences how an organization’s objectives are set and achieved, how risk is monitored and addressed, and how performance is optimized. Organizations that run afoul of such laws risk damaging their reputation. In Summary.

Data Governance 59

Data Governance Risk Data Quality Dashboards 59

CIO Business Intelligence

JANUARY 20, 2023

According to a recent IDC whitepaper , leaders saw on average two and a half times better results than other organizations in many business metrics. Security and compliance risks also loom. Truly data-driven companies see significantly better business outcomes than those that aren’t.

Data Lake 135

Data Lake Data-driven Finance Data Architecture 135

Cloudera

MARCH 3, 2022

Data analytics and machine learning can become a business and a compliance risk if data security, governance, lineage, metadata management, and automation are not holistically applied across the entire data lifecycle and all environments. From Bad to Worse. One possible solution is to adopt a hybrid cloud strategy. .

Data Governance 100

Data Governance Enterprise Data Quality Metadata 100

Andrew White

JANUARY 9, 2022

On Thursday January 6th I hosted Gartner’s 2022 Leadership Vision for Data and Analytics webinar. Which trends do you see for 2022 in AI & ML technology and tools and tool capabilities? We will publish a new Top Trends for D&A for 2022 in a couple of months. – We do have a job description of a CDO.

Analytics 64

Analytics Measurement Data-driven Modeling 64

CIO Business Intelligence

NOVEMBER 10, 2023

Jim Eubanks, SVP of risk testing and Veterans Network+ Leader at the financial services company, has firsthand experience of the challenges involved in transitioning from military to civilian life. And I think that’s going to be the future metric that we’re going to track — how well do these veterans do here at Synchrony?

IT 125

IT Metrics Testing Technology 125

IBM Big Data Hub

FEBRUARY 7, 2024

Investors, regulators and stakeholders are increasingly demanding that companies disclose their exposure to climate-related risks , such as dependence on fossil fuels or vulnerability to weather events. The goal is for there to be more nature by 2030 than there is today—which means taking actionable steps in 2024.

Reporting 88

Reporting Internet of Things Cost-Benefit Data-driven 88

IBM Big Data Hub

NOVEMBER 8, 2023

We saw this happen between Dole and Walmart in 2022 when a particular brand of lettuce—Ocean Mist Farms brand Romaine Hearts—had to be recalled. They will be able to: Utilize reporting to identify trends and risks within the product supply chain for mitigation and improvement.

Cost-Benefit 106

Cost-Benefit Consulting Risk Reporting 106

CIO Business Intelligence

MAY 27, 2022

Here, McGlennon says governing controls, instrumentation, and observability metrics are key. We’ve worked with our cloud partners to better instrument our applications and better understand how they’re performing,” says McGlennon, who was a finalist for the MIT Sloan CIO Leadership Award for 2022.

Insurance 98

Insurance Machine Learning Digital Transformation Cost-Benefit 98

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. In fact, in a 2022 survey , 73% of consumers said that traceability is important to them. Strategic sourcing can help mitigate some of that stress by reducing potential risks associated with supplier relationships.

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

Ontotext

AUGUST 12, 2021

To be able to extract insights from such data, one needs access to a surprising amount of structured information: Even simple impact metrics such as the H-index need information at at least two degrees of separation from the researcher [1]. Custom metrics are no different.

Metrics 98

Metrics Visualization Reporting Data Collection 98

CIO Business Intelligence

JUNE 8, 2023

The technology initiatives that are expected to drive the most IT investment in 2023 security/risk management, data/business analytics, cloud-migration, application/legacy systems modernization, machine learning/AI, and customer experience technologies. 91% of CIOs expect their tech budget to either increase or stay the same in 2023.

Strategy 98

Strategy Data-driven Interactive Business Objectives 98

IBM Big Data Hub

FEBRUARY 8, 2024

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important in investment decision-making over the years. In response, asset managers began to develop ESG strategies and metrics to measure the environmental and social impact of their investments.

Measurement 77

Measurement Metrics Reporting Strategy 77

Cloudera

OCTOBER 8, 2024

In 2022, the release of ChatGPT attracted over 100 million users within just two months, demonstrating the technology’s accessibility and its impact across various user skill levels. This service supports a range of optimized AI models, enabling seamless and scalable AI inference.

Optimization 75

Optimization Experimentation Metrics Enterprise 75

CIO Business Intelligence

SEPTEMBER 8, 2022

In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years. Most organizations understand the profound impact that data is having on modern business.

Cost-Benefit 122

Cost-Benefit Internet of Things Data-driven Data Lake 122