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 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 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

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. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 96

Cost-Benefit Risk Digital Transformation Risk Management 96

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

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

OCTOBER 14, 2024

Focused on digitization and innovation and closely aligned with lines of business, some 40% of IT leaders surveyed in CIO.com’s State of the CIO Study 2024 characterize themselves as transformational, while a quarter (23%) consider themselves functional: still optimizing, modernizing, and securing existing technology infrastructure.

Digital Transformation 131

Digital Transformation Experimentation Cost-Benefit Risk 131

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 2024, up from $563.6 Uncontrolled costs: More clouds and cloud services translate into more cloud bills.

Strategy 91

Strategy Cost-Benefit Risk Optimization 91

IBM Big Data Hub

MAY 8, 2024

The 2024 report showed a 71% increase in valid identities used in cyberattacks year-over-year. Orchestration solutions improve the efficacy and efficiency of risk management along digital user journeys. Identity orchestration Identity and access management projects are complex enough with many taking 12-18 months.

Risk 80

Risk Cost-Benefit Risk Management Management 80

CIO Business Intelligence

JULY 25, 2024

Offered by the ISACA, the CRISC certification validates your ability to understand and mitigate enterprise IT risk using the latest best practices to identify, analyze, evaluate, assess, prioritize, and respond to risks. It’s best suited for CIOs, IT executives, current or future IT managers, project managers, and business analysts.

IT 131

IT Management Risk Risk Management 131

Jen Stirrup

OCTOBER 13, 2024

I attended Commvault SHIFT in London on 8th October 2024. Commvault SHIFT 2024 LondonKey Takeaways Moving to Cyber Resilience Companies often only consider data properly once there is an issue. At the event, it was good to see a strong focus on the complexities of data management, particularly in the context of cloud migration and AI.

Machine Learning 52

Machine Learning Strategy Risk Enterprise 52

CIO Business Intelligence

FEBRUARY 22, 2024

Amy Cravens, research manager for GRC and ESG at analyst firm IDC, anticipates significant market growth in 2024 and 2025 “as companies prepare for regulatory requirements and perhaps suffer ramifications of compliance failures resulting from insufficient tech enablement.” And broader capabilities may come with a bigger price tag.

Software 98

Software Reporting KPI Enterprise 98

IBM Big Data Hub

JUNE 10, 2024

Projections by the US Census Bureau list the 2024 global population at around 8 billion people. By running advanced analyses on such data and then applying a range of different scenarios to that data, risk management systems that CPUs enable can help financial institutions reduce losses. There are approximately 7.8

Manufacturing 64

Manufacturing Forecasting Internet of Things Data-driven 64

CIO Business Intelligence

SEPTEMBER 10, 2024

Studies like Foundry’s 2024 State of the CIO report reveal a dramatic change in attitude. Despite this evolution, resistance to viewing technology as anything more than a cost center persists at the highest levels of organizations. However, its impact on culture must be carefully considered to maximize benefits and mitigate risks.

IT 122

IT Risk Risk Management Predictive Modeling 122

CIO Business Intelligence

MARCH 18, 2024

billion in 2024 to $521.0 Coming to grips with risk The first step in making any bet — or investment — is to understand your ability to withstand risk. “We When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. billion on 2027.

Risk 133

Risk Cost-Benefit Data Processing Testing 133

CIO Business Intelligence

JULY 24, 2024

Late last year in California, for instance, a ChatGPT-powered chatbot promised a Chevrolet of Watsonville customer a 2024 Chevy Taho for $1, adding “and that’s a legally binding offer — no takesies backsies.” For example, a large insurance company used the cost of health care as the basis of an algorithm to evaluate severity. “It

Risk 130

Risk Insurance Modeling Manufacturing 130

CIO Business Intelligence

AUGUST 7, 2024

The following 10 award-winning projects showcase the impressive power of IT in the enterprise today and the ingenuity of modern CIOs and their teams, serving as representatives for the cohort of 2024 honorees. Now fully deployed, TCS is seeing the benefits. The project is really about a whole new way of doing business,” Waheed says.

IT 119

IT Insurance Cost-Benefit Testing 119

Jet Global

JUNE 17, 2024

Benefits of Cash Flow Forecasting Business owners from start-ups to enterprise-level organizations know that cash flow forecasting is necessary but may not realize just how many benefits can be reaped from an accurate cash flow forecast. This may include revenues from sales, investments, loans, and any other sources of cash receipts.

Forecasting 52

Forecasting Finance Sales Cost-Benefit 52