Timo Elliott

MAY 8, 2023

You can see the company’s winning submission document here , with lots of details about the business goals, technical infrastructure, benefits, and SAP products used. Petrobras works with mission critical industrial equipment to run operations at the Buzios field in Brazil, the world’s largest deep water reservoir.

IoT 104

IoT Cost-Benefit Machine Learning Risk 104

Ontotext

OCTOBER 11, 2023

SEMANTiCS 2023 kicked off with a Pre-conference day that offered an awesome lineup of business and academia talks. Scalability – a significant cost reduction for
scale-ups. A year later, our project already reaps the benefits of knowledge-graph powered marketing. Are LLMs Knowledgeable?

Metadata 69

Metadata Cost-Benefit Marketing Modeling 69

CIO Business Intelligence

NOVEMBER 8, 2023

It is estimated by the end of 2023, 31% of organizations expect to run 75% of their workloads 2 in the cloud. 1 The rapid migration to the public cloud comes with numerous benefits, such as scalability, cost-efficiency, and enhanced collaboration. In fact, a few of the most common challenges include: Risk. 8 Complexity.

Cost-Benefit 135

Cost-Benefit Risk Digital Transformation Reporting 135

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

The results can be used to uncover the source of bottlenecks, delays, unseen risks and unnecessary workloads that, in turn, allows organizations to institute improvements. The main shortcoming I found in the software is that it does not take costs into account in its optimizing routines, but I expect that will be added shortly.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

CIO Business Intelligence

MAY 17, 2022

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 145

Risk Data Science Consulting Machine Learning 145

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

SEPTEMBER 24, 2024

IDC Quick Poll, September 2023 From CIO to CAIO Wiedenbeck took on the CAIO’s role at Ameritas in January, shifting from his position as CIO and making room for another executive to take the CIO’s reins. Like unit cost reduction, the agentic AI work is focused on efficiency and productivity.

IT 130

IT Insurance Cost-Benefit Risk 130

CIO Business Intelligence

AUGUST 8, 2024

CFOs like the fact that open source is often free or low in cost. IT teams benefit from the sprawling, dynamic support communities that surround major open source projects. For many stakeholders, there is plenty to love about open source software. Yet, for CISOs, open source is more likely in many cases to inspire fear than love.

Software 126

Software Enterprise Cost-Benefit Risk 126

CIO Business Intelligence

OCTOBER 23, 2024

The demand of GenAI will help nearly triple server sales from 2023 to 2028.” But not all employees get the same degree of benefit from using GenAI. More than 90% of CIOs said that managing cost limits their ability to get value from AI for their enterprise, according to a Gartner survey of over 300 CIOs in June and July 2024.

Enterprise 135

Enterprise IT Cost-Benefit Measurement 135

CIO Business Intelligence

MARCH 6, 2024

Manufacturing in particular has become a bigger target for bad actors; in fact, it was one of the sectors most impacted by extortion attacks, according to Palo Alto Networks’ 2023 Unit 42 Extortion and Ransomware Report. Attacks against OT systems pose risks beyond financial losses. The second business benefit is cost savings.

ROI 126

ROI Manufacturing Cost-Benefit IoT 126

CIO Business Intelligence

SEPTEMBER 12, 2024

The cost of compliance These challenges are already leading to higher costs and greater operational risk for enterprises. In 2023 alone, global regulators imposed $10.5 Clearly, compliance poses a significant operational risk that can only be overcome by robust systems and processes. billion in total fines.

Data-driven 106

Data-driven Management Cost-Benefit Risk 106

CIO Business Intelligence

OCTOBER 22, 2024

On the good, you get the benefits that may be unique to each provider and can price shop to some degree,” he says. Adding another cloud provider to the mix without the right talent, processes, and cloud infrastructure only makes the benefits of multicloud less attainable,” he says, stressing the importance of upskilling internal talent.

Strategy 128

Strategy Cost-Benefit Risk Enterprise 128

CIO Business Intelligence

MAY 24, 2024

This was one area addressed in the HP-sponsored IDC whitepaper on the benefits of integrating managed device services, published in April 2024 [1]. Register here to read the full HP-sponsored IDC whitepaper on the benefits of integrating managed device services. [1]

Management 110

Management IT Cost-Benefit Metrics 110

Timo Elliott

NOVEMBER 30, 2022

My role was to talk about the trends and opportunities for 2023, for customers, SAP, and our partners. IDC calls it the Future Enterprise , Forrester talks about Future Fit organizations, and Gartner explains the benefits of the Composable Enterprise. Innovating Faster. Analysis to Action. It’s all about profits AND purpose.

Recreation/Entertainment 98

Recreation/Entertainment Metadata Data Warehouse Cost-Benefit 98

Jet Global

JUNE 22, 2023

Some of our most popular CFO backed posts: Best CFO KPIs and Dashboards for the 2023 CFO The Remote CFO’s Guide to Closing the Books from Home Crisis Planning for the Short and Long Term: Advice from Leading CFOs Generation CFO Link: [link] Generation CFO is not interested in the traditional operational structure of corporations.

KPI 105

KPI Finance Dashboards Digital Transformation 105

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. Mounting technical debt and extending the life of legacy systems are key risks CIOs should be paranoid about.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

CIO Business Intelligence

JULY 22, 2024

IT leader and former CIO Stanley Mwangi Chege has heard executives complain for years about cloud deployments, citing rapidly escalating costs and data privacy challenges as top reasons for their frustrations. They, too, were motivated by data privacy issues, cost considerations, compliance concerns, and latency issues.

Optimization 128

Optimization Strategy IT Cost-Benefit 128

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. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

Modeling 124

Modeling Cost-Benefit IT ROI 124

CIO Business Intelligence

FEBRUARY 12, 2024

An arrow for the right: This way lies calculating the cost of IT assets versus their business value. And frankly it’s the difference between being viewed as a cost center or as a value generator. Multicloud estates heighten cost complexity However, the IT landscape has become far more distributed of late.

Cost-Benefit 119

Cost-Benefit Optimization Strategy Software 119

DataKitchen

MARCH 12, 2024

Key Success Metrics, Benefits, and Results for Data Observability Using DataKitchen Software Lowering Serious Production Errors Key Benefit Errors in production can come from many sources – poor data, problems in the production process, being late, or infrastructure problems. Data errors can cause compliance risks.

Metrics 118

Metrics Software Cost-Benefit Testing 118

CIO Business Intelligence

MAY 1, 2024

For example, a quarter of IT decision-makers in Foundry’s 2023 AI Priorities Study are piloting gen AI technologies, but only 20% have moved on to deployment. But talking to IT teams like the AI professionals in Intel’s 2023 ML Insider survey suggests only 10% of organizations put gen AI solutions into production in 2023.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

FEBRUARY 29, 2024

Everest Group, which monitors 8,500 captive centers around the world, counted 452 new setups in 2023. Captive centers are no longer just means of value creation, providing cost savings and driving process standardization. The upside of captives today Some benefits of captive centers are the same as ever.

Cost-Benefit 116

Cost-Benefit Risk Modeling Strategy 116

O'Reilly on Data

NOVEMBER 28, 2023

Generative AI has been the biggest technology story of 2023. As of November 2023: Two-thirds (67%) of our survey respondents report that their companies are using generative AI. Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing.

Enterprise 277

Enterprise Testing Modeling Reporting 277

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 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

Cloudera

JANUARY 5, 2023

In the past year, businesses who doubled down on digital transformation during the pandemic saw their efforts coming to fruition in the form of cost savings and more streamlined data management. The results are higher revenues, lower risks, and increased productivity for the bank.

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.”

IT 111

IT Insurance Cost-Benefit Unstructured Data 111

Smart Data Collective

MARCH 2, 2023

In 2023, big data Is no longer a luxury. However, there are even more important benefits of using big data during a bad economy. Big Data Can Help Companies Persevere in the Face of the Recession Big data technology can offer enormous benefits for companies. Big data offers many benefits for companies in any economy.

Big Data 85

Big Data Uncertainty Risk Data mining 85

CIO Business Intelligence

SEPTEMBER 6, 2024

Enterprises and their IT teams need data – structured or unstructured – to have a consistent manager view, be discoverable to employees across departments, be secure and follow governance policies, and be cost-effective regardless of whether data is in the cloud or on-premises. in 2023 – up 78% from 2022.

Metadata 116

Metadata Enterprise Management Cost-Benefit 116

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

IBM Big Data Hub

MAY 31, 2024

But the rates of exploration of AI use cases and deployment of new AI-powered tools have been slower in the public sector because of potential risks. Driving innovation for tax agencies with trust in mind Tax or revenue management agencies are a part of the public sector that might likely benefit from the use of responsible AI tools.

Cost-Benefit 98

Cost-Benefit Risk Risk Management Reporting 98

CIO Business Intelligence

NOVEMBER 8, 2023

in September, 2023, the price pressures facing IT have persisted. The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. in June, 2022, to 3.7% Here’s how.

IT 133

IT Cost-Benefit Digital Transformation Software 133

CIO Business Intelligence

NOVEMBER 14, 2024

IDC’s Global Retail Survey (July 2023) found that 36% plan to invest in robotics for guest and store services in the next 36 months. Competing on a level playing field with the biggest e-retail successes requires agility, with visibility into automated, digitized supply chains. And they are making progress.

IT 64

IT Cost-Benefit Manufacturing Sales 64

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. Gen AI projects can cost millions of dollars to implement and incur huge ongoing costs, Gartner notes.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

CIO Business Intelligence

SEPTEMBER 14, 2023

In a rapidly evolving business landscape, where innovation and cost efficiency are paramount, the launch of VMware Cross-Cloud managed services at VMware Explore 2023 Las Vegas is a pivotal moment. Flexibility: Organizations can now choose the cloud environments that best suit their specific needs.

Management 94

Management Cost-Benefit Optimization ROI 94

IBM Big Data Hub

AUGUST 1, 2023

According to the IBM Security X-Force Threat Intelligence Index 2023 , for the second year in a row, phishing was the leading cyber threat, identified in 41% of incidents. Risk-based application patching helps IT pros discover vulnerable apps and automatically patch them based on the criticality of the situation.

Risk 54

Risk Management Machine Learning IoT 54

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 12, 2024

The familiar narrative illustrates the double-edged sword of “shadow AI”—technologies used to accomplish AI-powered tasks without corporate approval or oversight, bringing quick wins but potentially exposing organizations to significant risks. Establish continuous training emphasizing ethical considerations and potential risks.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111