CIO Business Intelligence

SEPTEMBER 10, 2024

As a result, software supply chains and vendor risk management are becoming ever more vital (and frequent) conversations in the C-suite today, as companies seek to reduce their exposure to outages and the business continuity issues of key vendors their businesses depend on. “We We now are paying much more attention to it,” he says.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

CIO Business Intelligence

SEPTEMBER 17, 2024

Moreover, undertaking digital transformation and technology modernization programs without an architect can lead to delays, technical debt , higher costs, and security vulnerabilities. Product managers then propose digital KPIs and other metrics highlighting the business benefits delivered.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

IBM Big Data Hub

MAY 31, 2024

However, the latest CEO Study by the IBM Institute for the Business Value found that 72% of the surveyed government leaders say that the potential productivity gains from AI and automation are so great that they must accept significant risk to stay competitive. What’s next?

Cost-Benefit 98

Cost-Benefit Risk Risk Management Reporting 98

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. Automation, integration and consistency make it flow By the end of 2023, companies in Germany with more than 3,000 employees must have implemented the due diligence obligations under SCDDA.

Cost-Benefit 96

Cost-Benefit Risk Digital Transformation Risk Management 96

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

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

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

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

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 Finance Interactive Software 111

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 140

Machine Learning Experimentation Insurance Modeling 140

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

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 111

Internet of Things Cost-Benefit Risk Software 111

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

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

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

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

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

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

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 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

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

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 40

Management Risk Risk Management Data Processing 40

CIO Business Intelligence

MARCH 5, 2025

In AI governance: Act now, thrive later , author Stephen Kaufman provides prevailing guidance that, Companies need to create and implement AI governance policies so that AI can deliver benefits to the organization and the customer, to provide a fair, safe and inclusive system that is trusted by the users.

Risk 121

Risk Risk Management Measurement Modeling 121

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

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 136

Enterprise Risk Modeling Risk Management 136

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 130

Risk Insurance Modeling Manufacturing 130

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

NOVEMBER 4, 2024

We launched the proof-of-value pilot in November 2023 and rolled it out to all team members by February 2024. AI governance is not just about protecting the enterprise from data leakage or intellectual property theft but also keeping costs in line with budgets, observers note. It was very quick, and we have learned a lot.

Uncertainty 137

Uncertainty Cost-Benefit Risk Experimentation 137

CIO Business Intelligence

APRIL 7, 2025

As per a McKinsey survey, organisations reported cost decreases in human resources, and commonly reported meaningful revenue increases (of more than 5 percent) in supply chain and inventory management. Prioritize scalable cloud infrastructure to support AI workloads while optimizing costs.

ROI 66

ROI Cost-Benefit Risk Enterprise 66

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