CIO Business Intelligence

DECEMBER 10, 2024

Bogdan Raduta, head of AI at FlowX.AI, says, Gen AI holds big potential for efficiency, insight, and innovation, but its also absolutely important to pinpoint and measure its true benefits. That gives CIOs breathing room, but not unlimited tether, to prove the value of their gen AI investments.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized.

IT 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

JULY 22, 2024

We know upskilling and reskilling are critical to digital transformation and thriving in the future of work. Yet, despite the investments in IT training, we have a chronic skills shortage that’s causing, on average, digital transformations to fall behind by five months.

Digital Transformation 111

Digital Transformation IT Cost-Benefit Software 111

CIO Business Intelligence

JANUARY 7, 2025

In todays fast-paced digital landscape, the cloud has emerged as a cornerstone of modern business infrastructure, offering unparalleled scalability, agility, and cost-efficiency. This serves as a baseline to drive cloud adoption and getting started with a shifting mindset on how to make money with cloud and not just cost savings alone.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

AWS Big Data

MARCH 13, 2025

At AWS re:Invent 2024, we announced the next generation of Amazon SageMaker , the center for all your data, analytics, and AI. In this post, we explore the benefits of SageMaker Unified Studio and how to get started. We are excited to announce the general availability of SageMaker Unified Studio.

Analytics 88

Analytics Data Lake Data Warehouse Data-driven 88

CIO Business Intelligence

FEBRUARY 12, 2024

SAP customers have a lot to navigate in 2024. In addition, SAP customers should understand the benefits, protections, and limitations that SAP will provide in exchange for access to data. But referenceable flagship implementations across industries are limited, particularly at the enterprise customer level.

Consulting 118

Consulting Cost-Benefit Strategy Modeling 118

CIO Business Intelligence

SEPTEMBER 9, 2024

According to IDC’s Worldwide AI and Generative AI Spending Guide (August 2024) , the global AI market is expected to surge from US$235 billion in 2024 to US$632 billion by 2028. Tencent Cloud stands to benefit, particularly in APAC, where market size is predicted to grow from US$45.4

Marketing 122

Marketing Cost-Benefit Digital Transformation Data-driven 122

CIO Business Intelligence

JANUARY 22, 2024

In turn, threat actors have continued to exploit the vulnerabilities companies exposed themselves to, including those publicly identified, in keeping pace with rapid digital transformation efforts. McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

CIO Business Intelligence

JULY 2, 2024

CIOs face the daunting challenge of driving innovation while managing costs and ensuring practical implementation in a rapidly advancing digital landscape. This article presents essential strategies for CIOs to strike the optimal balance among innovation, value, cost, and practicality in tech investments.

Technology 111

Technology Cost-Benefit Digital Transformation Optimization 111

CIO Business Intelligence

JULY 17, 2024

Pioneering digital leaders help organizations make the most out of emerging technologies, but to be successful, they must keep up with the fast pace of change and deliver the right solutions at the right time, and at the right cost. These capabilities make digital leaders well placed to lead large-scale change projects.

Digital Transformation 132

Digital Transformation Technology Cost-Benefit Insurance 132

CIO Business Intelligence

JUNE 28, 2024

Limited automation and other IT capabilities at both depots, some of it decades old, had left MDMC to deal with repair delays, inaccurate information about equipment, and increased costs, Hutcherson says. The ongoing transformation has earned MDMC a 2024 CIO 100 Award for IT leadership and innovation.

Digital Transformation 101

Digital Transformation Cost-Benefit Manufacturing Data-driven 101

CIO Business Intelligence

JUNE 12, 2024

For some organizations, shifting to the cloud has been a relatively quick race toward highly publicized benefits, such as scalability. Following the merger, the energy company began its digital transformation by unifying the three networks under one ERP system, SAP, with plans to eventually evolve to SAP’s S/4HANA SaaS-based model.

Digital Transformation 116

Digital Transformation Cost-Benefit Forecasting Metrics 116

CIO Business Intelligence

MAY 13, 2024

“We know what we’re trying to achieve, because we know the business goals and objectives,” We want to grow substantially, and we want to do that with speed,” says Bilker, whose clarity on IT’s business objectives mirror the top directives CEOs are giving their CIOs, according to the 2024 State of the CIO Study from Foundry, publisher of CIO.com.

IT 131

IT Digital Transformation ROI Strategy 131

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

AUGUST 27, 2024

The imperative for APMR According to IDC’s Future Enterprise Resiliency and Spending Survey, Wave 1 (January 2024), 23% of organizations are shifting budgets toward GenAI projects, potentially overlooking the crucial role of application portfolio modernization and rationalization (APMR). Employ AI and ML to assist in processes.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

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. Expion hasn’t yet calculated the potential new business created, but the tool will save the company the cost of about 1.5 data analyst FTEs.

IT 111

IT Insurance Cost-Benefit Unstructured Data 111

CIO Business Intelligence

JUNE 25, 2024

in 2024 , much lower than the global rate of 5.2% ), the emergence of new types of labour (15% of Indonesia’s urban population are new types of labour, according to Huawei’s insights), asset appreciation, low carbon emissions, and rural revitalization (Thailand is doing live streaming to sell its agricultural products), to name a few.

Digital Transformation 110

Digital Transformation Internet of Things IoT Cost-Benefit 110

CIO Business Intelligence

JULY 23, 2024

As a digital transformation leader and former CIO, I carry a healthy dose of paranoia. Is the organization transforming fast enough? Many want all the benefits from analytics and machine learning but are slow to adopt proactive data governance. Are stakeholders struggling or unhappy?

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

JULY 10, 2024

As organizations worldwide prepare to spend over $40 billion in core IT (technology budgeted and overseen by central IT) on GenAI in 2024 (per IDC’s Worldwide Core IT Spending for GenAI Forecast, 2023-2027 , January 2024), there’s an urgent need to manage the risks associated with these investments.

Risk 111

Risk Strategy Consulting Cost-Benefit 111

CIO Business Intelligence

AUGUST 13, 2024

Here are some key hurdles and strategies to overcome them: Foster an automation culture by involving employees early and showcasing benefits. Apply business-centric thinking: Manage deep automation as a business transformation, prioritizing agility and resilience over mere cost optimization.

Data-driven 130

Data-driven Metrics Optimization Machine Learning 130

Timo Elliott

DECEMBER 10, 2024

One of the sessions I sat in at UKISUG Connect 2024 covered a real-world example of data management using a solution from Bluestonex Consulting , based on the SAP Business Technology Platform (SAP BTP). This strategic decision allowed them to realize business benefits quickly without compromising on quality or user satisfaction.

Management 52

Management Data Governance Consulting Risk 52

CIO Business Intelligence

JULY 19, 2024

In a report on enterprise resilience and IT skilling strategies , IDC predicts that by 2026, 90% of organizations worldwide will “feel the pain of the IT skills crisis,” ultimately costing businesses upwards of $5.5T Developing the skills necessary to support transformation initiatives builds business resiliency.

Strategy 116

Strategy Digital Transformation Cost-Benefit Consulting 116

CIO Business Intelligence

MARCH 19, 2025

Similarly, Deloittes 2024 CxO Survey highlights that while CDOs prioritize AI and business efficiency, sustainability remains a secondary focus. While energy savings and waste reduction efforts may provide tangible cost benefits, the long-term reputational and regulatory advantages of ESG alignment are harder to measure.

IT 59

IT Data Governance Data-driven Metrics 59

CIO Business Intelligence

JULY 24, 2024

In today’s rapidly evolving digital landscape, agility is no longer just a buzzword — it’s a business imperative. Yet, according to IDC’s March 2024 Future Enterprise Resiliency and Spending Survey, Wave 3 , 60% of organizations consider their digital infrastructure spending poorly aligned with expected business results.

Technology 98

Technology Experimentation Cost-Benefit Digital Transformation 98

CIO Business Intelligence

SEPTEMBER 24, 2024

“A typical candidate for the CAIO role is someone with a proven track record of leading successful innovation programs and with a clear understanding of AI,” says David Weldon, adjunct research advisor with IDC’s Executive Programs (IEP) in IDC PlanScape: Chief AI Officer Role (May 2024).

IT 130

IT Insurance Cost-Benefit Risk 130

CIO Business Intelligence

APRIL 1, 2024

That’s not hyperbole: TEKsystems’ 2024 State of Digital Transformation report found that 53% of organizations classified as digital leaders are confident that their digital investments will meet expected ROIs. Still, he and other Gartner researchers say the technology could transform modernization work.

Strategy 140

Strategy IT Digital Transformation ROI 140

CIO Business Intelligence

MAY 29, 2024

By moving to RISE with SAP, Accenture was able to simplify its IT landscape, reduce its total cost of ownership, and gain access to the latest innovations and best practices from SAP. Beyond that, re-solutioning legacy custom code to leverage extensibility has provided its own benefits.

Cost-Benefit 126

Cost-Benefit Finance Strategy Risk 126

CIO Business Intelligence

OCTOBER 6, 2022

billion market in 2024. This rising confluence of HPC and AI is being driven by businesses and organisations honing their competitive edge in the global marketplace as digital transformation is accelerated and brought to the next level through IT transformation processes.

Internet of Things 98

Internet of Things Manufacturing Cost-Benefit Digital Transformation 98

CIO Business Intelligence

NOVEMBER 13, 2024

Manual data extraction, validation, and transformation are tedious and error-prone, often leading to project delays, high costs, and disruptions in daily operations. Beyond the technical benefits, DataLark makes work life better for employees. This no-code SAP data management platform handles the nitty-gritty of data migration.

Cost-Benefit 64

Cost-Benefit Data-driven Data Integration Data Quality 64

CIO Business Intelligence

MARCH 5, 2024

Transformation should be completed quickly, without getting lost in the minutiae, says Ingo Elfering, group CIO of Fresenius. It’s better to do it quickly, like taking a Band-Aid off, even if it hurts for a short time,” he summed up at the recent Hamburg IT Strategy Days 2024. Today, we have effective, cost-effective IT,” he says. “We

IT 105

IT Digital Transformation Cost-Benefit Strategy 105

CIO Business Intelligence

SEPTEMBER 19, 2024

But edge computing is unexplored territory for many and requires ongoing evaluation of performance and cost-effectiveness. According to IDC research, edge computing is growing worldwide at 15% annually and will reach $232 billion in 2024. Although edge implementations can cost more, eliminating latency can be worth the expense.

ROI 119

ROI Cost-Benefit IoT Digital Transformation 119

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.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

CIO Business Intelligence

JULY 5, 2024

The ability to rent hospital beds gives healthcare organizations added flexibility and scalability when caring for patients, but those benefits can be lost when the process for ordering them is less than ideal. Healthcare providers are embracing cloud services to support digital transformation (28%), No.

Machine Learning 105

Machine Learning Digital Transformation Cost-Benefit Consulting 105

CIO Business Intelligence

SEPTEMBER 10, 2024

Studies like Foundry’s 2024 State of the CIO report reveal a dramatic change in attitude. The short tenure of many CIOs and CTOs—often three to four years—can be attributed to their inability to drive digital transformation at the necessary pace or their role as scapegoats for a lack of accountability among other executives.

IT 122

IT Risk Risk Management Predictive Modeling 122

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. An investment in the tools and infrastructure to combat such threats is likely to occur in 2024.

Insurance 48

Insurance Risk Management Cost-Benefit Risk 48

CIO Business Intelligence

JANUARY 8, 2024

Instead, the publicly held operator of Cathay Pacific Airlines and HK Express is shifting from migration to optimization mode in an effort to wrest additional benefits from its all-in cloud transformation. Cloud Computing, Digital Transformation, Travel and Hospitality Industry

Optimization 119

Optimization Digital Transformation Cost-Benefit Data Warehouse 119

IBM Big Data Hub

FEBRUARY 6, 2024

A prime benefit of cloud computing for business is its flexibility for quickly and efficiently scaling resources to meet business demands, freeing organizations from investing time and expense into expanding their own physical IT infrastructure. What do private cloud, public cloud and hybrid cloud have in common?

Cost-Benefit 98

Cost-Benefit Digital Transformation Software Internet of Things 98