CIO Business Intelligence

SEPTEMBER 30, 2024

In fact, IT’s embrace of AI is nearly ubiquitous, with 89% of IT decision-makers surveyed for Foundry’s 2024 CIO Tech Priorities study saying they’re researching, piloting, or currently using AI-enabled technologies — up from 72% in 2023. She also sees AI transforming how work happens — an area that yields particularly disruptive results.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

IBM Big Data Hub

FEBRUARY 19, 2024

The challenges continue: one 2023 survey found 44% of companies had to make changes in the past year due to issues with their supply chain footprint, and 49% said supply chain disruptions had caused planning problems. They can also provide access to new markets, technologies, and expertise, offering a competitive advantage.

Strategy 81

Strategy Management Forecasting Internet of Things 81

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. The benefits of strategic sourcing are vast, ranging from overall supply chain process optimization to more cost-effective, long-term relationships with partners.

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

IBM Big Data Hub

MAY 28, 2024

According to IBM’s Cost of a Data Breach , the global average cost to remediate a data breach in 2023 was USD 4.45 These data breaches can cost their victims in many ways. In May 2023, Ireland’s data protection authority imposed a USD 1.3 million, a 15 percent increase over three years.

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

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

CIO Business Intelligence

OCTOBER 3, 2024

billion in 2023 — with periodic spikes whenever IBM has introduced a new mainframe generation, Gartner claims. A combination of mainframe and cloud for different tasks might be a more flexible, cost-effective solution.” billion in 2015 to less than $6.5

Machine Learning 134

Machine Learning Experimentation Insurance Modeling 134

CIO Business Intelligence

SEPTEMBER 20, 2023

Cost in question The new gen AI features do come at a cost. For Stephen Elliot, IDC’s group VP for cloud operations and devops, cost isn’t a major stumbling block, as there are many other aspects of gen AI to consider first. “For all those things, when you have a domain-specific LLM, it provides a better result,” he said.

Cost-Benefit 111

Cost-Benefit Software Finance Interactive 111

CIO Business Intelligence

OCTOBER 15, 2024

But continuous deployment isn’t always appropriate for your business , stakeholders don’t always understand the costs of implementing robust continuous testing , and end-users don’t always tolerate frequent app deployments during peak usage. Platform engineering is one approach for creating standards and reinforcing key principles.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

IBM Big Data Hub

JANUARY 16, 2024

Listen: The Art of AI featuring a Financial Industry perspective with Citigroup Trend: Generative AI One of the, if not the, biggest technological advancements made in 2023 was generative AI. Mitigation efforts and having the proper risk management tools will be vitally important as threats increase.

Insurance 48

Insurance Risk Management Cost-Benefit Risk 48

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 74

Cost-Benefit Testing Strategy Risk Management 74

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. billion in 2023. Uncontrolled costs: More clouds and cloud services translate into more cloud bills. to total $678.8

Strategy 91

Strategy Cost-Benefit Risk Optimization 91

CIO Business Intelligence

DECEMBER 7, 2022

Gartner predicts 2023 IT spending will grow 5.1% Security tops the list According to this year’s State of the CIO survey , cybersecurity and risk management are the top investment areas for 45% of IT leader respondents. Cloud-related services’ cost has risen by between 5% and 7% this year compared to last, IDC says.

IT 132

IT Insurance Cost-Benefit Risk Management 132

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. This is an issue for CIOs.

Strategy 98

Strategy Risk Enterprise Risk Management 98

Smart Data Collective

MAY 25, 2023

Additionally, cybercrime costs SMEs over $2.2 With security awareness training, businesses can prevent data breaches and associated costs. Keeping your software up to date can help your business benefit from these features. million yearly. Data breaches are expensive and time-consuming for SMEs to recover from.

Internet of Things 93

Internet of Things Cost-Benefit Risk Software 93

CIO Business Intelligence

MAY 13, 2024

In contrast, CEOs didn’t even list AI in their top 10 priorities for CIOs in 2023. I do see companies having more conversations about AI and adjusting expectations as they make investments to take advantage of the benefits that AI brings,” she says. “I 3, according to the State of the CIO survey.

IT 131

IT Digital Transformation ROI Strategy 131

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 84

Cost-Benefit Risk Enterprise Advertising 84

DataRobot Blog

MARCH 7, 2023

DataRobot is available on Azure as an AI Platform Single-Tenant SaaS, eliminating the time and cost of an on-premises implementation. AI Platform Single-Tenant SaaS are fully managed by DataRobot and replace disparate machine learning tools, simplifying management. The DataRobot AI Platform is the next generation of AI.

Data-driven 59

Data-driven Machine Learning Experimentation Data Lake 59

CIO Business Intelligence

SEPTEMBER 26, 2023

This policy should include guidelines for employee training, incident response, and risk management. Challenges of implementing Zero Trust While the benefits of implementing Zero Trust are clear, organizations face several challenges in adopting this approach. This blog was published on blogs.arubanetworks.com on 8/16/2023.

Cost-Benefit 140

Cost-Benefit Measurement Risk Risk Management 140

CIO Business Intelligence

JULY 10, 2024

And Google’s AI has made other high-profile flubs before, costing the company billions in market value. The only significant increase in risk mitigation was in accuracy, where 38% of respondents said they were working on reducing risk of hallucinations, up from 32% last year. And that’s just one of many use cases at the company.

Enterprise 135

Enterprise Risk Modeling Risk Management 135

CIO Business Intelligence

JULY 24, 2024

According to an Avanade survey of over 3,000 business and IT executives released in late 2023, 48% have put in place a complete set of policies for responsible AI. For example, a large insurance company used the cost of health care as the basis of an algorithm to evaluate severity. “It We do everything internally,” said Fandrich.

Risk 128

Risk Insurance Modeling Manufacturing 128

CIO Business Intelligence

APRIL 10, 2024

Cyber GRC software company Cypago has announced a new automation solution for artificial intelligence (AI) governance, risk management and compliance. It transforms GRC initiatives into automated processes, enabling in-depth visibility, streamlining enforcement, and significantly reducing overall costs.

Risk Management 114

Risk Management Cost-Benefit Risk Measurement 114

CIO Business Intelligence

AUGUST 7, 2024

Now fully deployed, TCS is seeing the benefits. But Barnett, who started work on a strategy in 2023, wanted to continue using Baptist Memorial’s on-premise data center for financial, security, and continuity reasons, so he and his team explored options that allowed for keeping that data center as part of the mix.

IT 119

IT Insurance Cost-Benefit Testing 119

Laminar Security

MAY 3, 2023

According to our recent State of Cloud Data Security Report 2023 , 77% of organizations experienced a cloud data breach in 2022. More and more security professionals are recognizing the risk of shadow data. In fact, 93% of security professionals surveyed in 2023 are concerned about it.

Management 52

Management Risk Risk Management Data Processing 52

Jet Global

JUNE 21, 2021

Learn why tax is playing an important part in enterprise risk management. The cost of World War I and post-war reconstruction helped create modern corporate taxation. Read how to elevate tax to a strategic function. Climate change is also driving urgent needs to encourage different corporate behavior.

Recreation/Entertainment 98

Recreation/Entertainment Digital Transformation Finance Reporting 98