IBM Big Data Hub

FEBRUARY 19, 2024

In today’s complex global business environment, effective supply chain management (SCM) is crucial for maintaining a competitive advantage. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

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. It’s not a hammer.

Strategy 98

Strategy Risk Enterprise Risk Management 98

IBM Big Data Hub

JANUARY 19, 2023

The key to differentiation comes in getting data protection right, as part of an overall data strategy. Use a data protection strategy to maintain your brand image and customer trust How a company collects, stores and protects consumer data goes beyond cutting data storage costs—it is a central driving force of its reputation and brand image.

Risk Management 60

Risk Management Risk Strategy Data Strategy 60

IBM Big Data Hub

JANUARY 30, 2024

billion in 2023. To overcome various challenges associated with multicloud , organizations need to map out a comprehensive multicloud management strategy to achieve overall success. While each multicloud journey is unique, here are eight fundamental steps for creating a successful multicloud strategy: 1. to total $678.8

Strategy 91

Strategy Cost-Benefit Risk Optimization 91

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. Luckily, many are expanding budgets to do so. “94%

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

JANUARY 2, 2024

A recent example is Windows Server 2012, which was sunsetted by Microsoft in October 2023. What CIOs need to do instead is to present IT infrastructure investment as an important corporate financial and risk management issue that the business can’t afford to ignore. Windows Server 2012 is not alone.

Risk 128

Risk IT Risk Management Sales 128

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.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

CIO Business Intelligence

MAY 20, 2024

The CIO position has morphed since its inception 40 years ago, shifting from a nuts-and-bolts techie job to an increasingly business- and strategy-focused executive role. Risk management came in at No. That’s up from 85% who said as much in 2023. Foundry / CIO.com 3. For Rev.io

IT 142

IT Risk Management Machine Learning Risk 142

CIO Business Intelligence

JUNE 25, 2024

In Q1 of 2023, UHG spent $3.5 Its performance might, like so many political polls, be within the boundaries of statistical noise — especially as it upped its 2023 investment in R&D to some $30B. Such as: Wouldn’t some of this money be better spent improving the company’s infosec risk posture? billion in stock buybacks.

Risk 118

Risk Risk Management Statistics Management 118

CIO Business Intelligence

DECEMBER 28, 2023

As a result, managing risks and ensuring compliance to rules and regulations along with the governing mechanisms that guide and guard the organization on its mission have morphed from siloed duties to a collective discipline called GRC. What is GRC? GRC is overarching. Why is GRC important?

Risk 115

Risk Risk Management Strategy Enterprise 115

Cloudera

MARCH 25, 2021

Virginia’s law will go into effect on January 1, 2023. Risk management can be optimized by the improved use of data and analytics to run models, account for more variables and scrutinize probable outcomes. The post Will Data Privacy drive an Enterprise Data Strategy? appeared first on Cloudera Blog.

Data Strategy 64

Data Strategy Strategy Enterprise Insurance 64

CIO Business Intelligence

APRIL 5, 2024

The 118th session of Congress, covering 2023 and 2024, may end up as the least productive session in US history, with only 47 bills passed and becoming law between the beginning of 2023 and April 1 of this year. However, Congress, mired in partisan infighting, seems unlikely to move forward on serious AI legislation anytime soon.

Risk 132

Risk Insurance Interactive Strategy 132

CIO Business Intelligence

SEPTEMBER 13, 2024

And in KnowBe4’s 2024 International Healthcare Report, the global healthcare sector experienced 1,613 cyberattacks per week in the first three quarters of 2023, nearly four times the global average. They also had to retrofit some older solutions to ensure they didn’t expose the business to greater risks.

Risk 128

Risk IT IoT Statistics 128

IBM Big Data Hub

MAY 31, 2024

Governments can help manage and mitigate these risks by relying on IBM’s five fundamental properties for trustworthy AI: explainability, fairness, transparency, robustness and privacy. Governments can also create and execute AI design and deployment strategies that keep humans at the hearth of the decision-making process.

Cost-Benefit 98

Cost-Benefit Risk Risk Management Reporting 98

CIO Business Intelligence

MARCH 21, 2024

With these principles in mind, Lovelady and his team launched their strategy, dubbing it “fifteen in five,” representing their bold ambition to drive fifteen years’ worth of transformation in the next five, and to shore up IT capabilities in doing so. “Or do you want it designed by your A players?”

IT 111

IT Manufacturing Risk Management Risk 111

CIO Business Intelligence

JUNE 8, 2023

According to Foundry’s 2023 State of the CIO Research, technology budget growth is seeing pre-pandemic levels. 91% of CIOs expect their tech budget to either increase or stay the same in 2023. It is thus, very essential for a CIO to rebalance these priorities while recalibrating their business strategies.

Strategy 98

Strategy Data-driven Interactive Business Objectives 98

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 frameworks and platforms Travelers is another large enterprise that has been developing its AI governance strategy for some time, says Mojgan LeFebvre, the company’s EVP and chief technology and operations officer. “As

Uncertainty 137

Uncertainty Cost-Benefit Risk Experimentation 137

Cloudera

FEBRUARY 15, 2024

While this might be a blast from the past we’d rather leave in the proverbial rear-view mirror, in March of 2023 we were back to the future with the collapse of Silicon Valley Bank (SVB), the largest US bank to fail since 2008. It’s hard to believe it’s been 15 years since the global financial crisis of 2007/2008.

Insurance 87

Insurance Data Architecture Risk Management Risk 87

Cloudera

APRIL 18, 2024

In the financial sector, regulations are essential for financial institutions to maintain stability by preventing excessive risk-taking, ensuring adequate capitalization and reducing the likelihood of failures or financial crises. What is DORA?

Risk Management 75

Risk Management Risk Testing Management 75

CIO Business Intelligence

JULY 12, 2023

Last week, I attended the annual Gartner® Security and Risk Management Summit. The event gave Chief Information Security Officers (CISOs) and other security professionals the opportunity to share concerns and insights about today’s most pressing issues in cybersecurity and risk management. See you there.

Risk Management 98

Risk Management Risk Digital Transformation Strategy 98

CIO Business Intelligence

OCTOBER 15, 2024

Multicloud architectures, applications portfolios that span from mainframes to the cloud, board pressure to accelerate AI and digital outcomes — today’s CIOs face a range of challenges that can impact their DevOps strategies.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

IBM Big Data Hub

FEBRUARY 15, 2024

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important as it relates to a company’s business model, risk management strategy , reporting requirements and more. Consider investor expectations around net-zero targets.

Reporting 78

Reporting Consulting Risk Metrics 78

CIO Business Intelligence

OCTOBER 3, 2024

billion in 2023 — with periodic spikes whenever IBM has introduced a new mainframe generation, Gartner claims. However, it would depend on the AI strategy, scalability requirements, and the diversity of the AI workloads anticipated. billion in 2015 to less than $6.5

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

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.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

IBM Big Data Hub

DECEMBER 14, 2023

A cybersecurity strategy is not solely about managing risk across a business’ IT infrastructure. According to the 2023 Cost of a Data Breach report conducted by Ponemon Institute and sponsored by IBM , breaches with identification and containment times under 200 days cost organizations USD 3.93

Risk 82

Risk Enterprise Digital Transformation Risk Management 82

IBM Big Data Hub

MARCH 25, 2024

The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 Create an operational strategy to use weather data A new or expanded team might have to fully take advantage of weather data throughout the business.

Insurance 85

Insurance Forecasting Risk Risk Management 85

CIO Business Intelligence

SEPTEMBER 7, 2023

Still, a 2023 McKinsey report corroborated this need for boards to be briefed on AI, finding that while 33% of businesses were already using AI and 40% were planning to aggressively invest in it, only 25% had AI on their board agendas. They said they did not know what questions to ask,” the survey concluded.

Risk 119

Risk Risk Management Management Technology 119

CIO Business Intelligence

MAY 13, 2024

Corporate and IT strategy are one, and technology is the tool to deliver strategic objectives. In contrast, CEOs didn’t even list AI in their top 10 priorities for CIOs in 2023. The other key strategies are investing in new lines of business; marketing and promotions; and upskilling and retaining existing talent.)

IT 131

IT Digital Transformation ROI Strategy 131

IBM Big Data Hub

DECEMBER 4, 2023

IBM’s governance framework is built around four core roles within the company: The Policy Advisory Committee: senior global leaders who provide oversight of the AI Ethics Board and help to establish the company’s strategy and risk tolerance. It helps accelerate responsible, transparent and explainable AI workflows.

Consulting 74

Consulting Risk Metadata Risk Management 74

CIO Business Intelligence

JUNE 26, 2023

Wide-scale digital transformation has positioned technology as the center piece of companies’ revenue-generation strategies, both as foundation for delivering and servicing products and as the primary touchpoint for customer engagement. That has served me incredibly well.”

IT 119

IT Consulting Digital Transformation Software 119

AWS Big Data

JANUARY 31, 2024

Transaction cost analysis (TCA) is widely used by traders, portfolio managers, and brokers for pre-trade and post-trade analysis, and helps them measure and optimize transaction costs and the effectiveness of their trading strategies. Dataset For this analysis, we used the LSEG Tick History – PCAP OPRA dataset from May 17, 2023.

Marketing 89

Marketing Analytics Visualization Strategy 89

CIO Business Intelligence

NOVEMBER 21, 2024

Importantly, where the EU AI Act identifies different risk levels, the PRC AI Law identifies eight specific scenarios and industries where a higher level of risk management is required for “critical AI.” Babin has extensive experience as a senior management consultant at two global consulting firms.

Consulting 64

Consulting Risk Risk Management Marketing 64

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. Cyber resilience is a component of operational resilience.

Cost-Benefit 74

Cost-Benefit Testing Strategy Risk Management 74

CIO Business Intelligence

JULY 5, 2024

Wells explains that Pearson was able to reduce the number of applications with high tech-debt scores by 55% in 2023, and enjoyed a 58% reduction in customer and employee impacting incidents the same year. “I And the proof is in the results.

Management 115

Management Risk Measurement Dashboards 115

CIO Business Intelligence

DECEMBER 29, 2023

Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. “In CIOs will feel pressure to help develop strategies around it to stay ahead of competitors and enable their business.”

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

IBM Big Data Hub

FEBRUARY 15, 2024

Surface temperature statistics paint a compelling picture of the changing climate: 2023, according to the European Union climate monitor Copernicus, was the warmest year on record—nearly 1.5 “If we act now,” IPCC Chair Hoesung Lee said in a 2023 statement , “we can still secure a livable sustainable future for all.”

Insurance 59

Insurance Risk Statistics Strategy 59

CIO Business Intelligence

JULY 25, 2024

According to an IDC Survey, “Ransomware attackers are getting more effective at finding valuable data; half of North American ransomware attacks where data was exfiltrated included the loss of valuable, sensitive, or security data ( Future Enterprise Resiliency and Spending Survey, Wave 11 , IDC 2023).

IT 111

IT Finance Consulting Reporting 111