CIO Business Intelligence

JUNE 10, 2024

Saudi Arabia’s rapid stride towards digital transformation is propelled by a concerted effort between the government and private sectors. As a result, today’s IT leaders increasingly find themselves fulfilling multidimensional, strategic, and collaborative roles with evolved and prominent reporting structures and mandates.

Digital Transformation 98

Digital Transformation Data-driven Data Processing Forecasting 98

CIO Business Intelligence

JULY 9, 2024

Oman, a nation known for its rich cultural heritage and strategic geographic location, is embarking on a transformative journey to modernize its economy through significant investments in digital transformation. The Omani government has taken a proactive stance in driving digital transformation.

Digital Transformation 105

Digital Transformation Insurance Statistics Finance 105

CIO Business Intelligence

DECEMBER 29, 2023

“In a world underpinned by change, it remains constant that digital transformation must be a core organizational competency,” she says. The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Snow Software’s CIO Al Pooley agrees.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

NOVEMBER 27, 2024

In his tenure, he has created a roadmap for the over 100-year-old erstwhile tea organization wherein digital transformation has taken centre stage, revamping procurement processes and business trends. dollars in 2024. billion U.S. dollars, and currently stands at 22.39 billion U.S.

Digital Transformation 98

Digital Transformation Forecasting Technology Strategy 98

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 122

IT Insurance Consulting Risk 122

CIO Business Intelligence

SEPTEMBER 26, 2024

A 2024 PwC report found that 49% of directors see cybersecurity as a significant oversight challenge ( “Overseeing cyber risk: the board’s role,” PwC, January 2024). Correlating all of these activities into a single, easy-to-read, and easy-to-understand report for board members is complicated.

Risk 132

Risk Reporting Digital Transformation Enterprise 132

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

APRIL 16, 2024

The next generation of leaders in family businesses is poised to embrace the transformative power of generative AI (GenAI) despite marked resistance from the incumbent leaders, according to a PwC report.

Reporting 105

Reporting Digital Transformation Uncertainty Measurement 105

CIO Business Intelligence

JANUARY 25, 2024

In these customer engagements over recent months, I’ve seen some emerging trends that are poised to have a big impact on enterprises in 2024. Rethink Agile Within many organizations, we’re hearing reports of people feeling agile hasn’t delivered the anticipated value, along with a commensurate backlash against the approach.

Digital Transformation 132

Digital Transformation Strategy Software Management 132

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 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

DECEMBER 10, 2024

According to AI at Wartons report on navigating gen AIs early years, 72% of enterprises predict gen AI budget growth over the next 12 months but slower increases over the next two to five years. That doesnt mean investments will dry up overnight. Many early gen AI wins have centered around productivity improvements.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

NOVEMBER 4, 2024

Forrester predicted 20% of VMware customers would leave in 2024 , “exhausted by significant price hikes, degrading support, and mandatory subscription.” operator of 28 hotel and casino properties across the US, was negotiating a fresh enterprise agreement with VMware prior to its acquisition, reported The Register.

IT 124

IT Forecasting Strategy Testing 124

CIO Business Intelligence

JANUARY 11, 2024

Accenture on Wednesday said it is acquiring digital transformation services provider Navisite in an effort to boost its cloud transformation business. billion in 2024, up from $563.6 billion in 2023, according to a report from Gartner. A separate report from Zacks Equity Research showed that the company spent $3.4

IT 116

IT Consulting Digital Transformation Manufacturing 116

CIO Business Intelligence

JULY 30, 2024

Our CIO Tech Priorities 2024 survey found that the majority of respondents chose SaaS applications over in-house deployments for project management. The report also highlights how generative AI is transforming the self-service experience, driving ticket deflection rates of about 53%.

Reporting 104

Reporting Management IT Key Performance Indicator 104

CIO Business Intelligence

JULY 10, 2024

In Europe, this attitude has become law, with the Corporate Sustainability Reporting Directive (CSRD) mandating that companies disclose its Environmental, Social, and Corporate Governance (ESG) efforts in annual reports, based on European Sustainability Reporting Standards (ESRS).

Reporting 102

Reporting KPI Metrics Software 102

CIO Business Intelligence

SEPTEMBER 10, 2024

Digital Transformation is critical to modern enterprises, yet creating it remains inefficient. Nearly half of C-suite respondents report that over 30% of tech projects are late or over budget, with one in five dissatisfied with most outcomes. Generative AI is poised to redefine software creation and digital transformation.

Software 124

Software Digital Transformation Testing Advertising 124

CIO Business Intelligence

AUGUST 13, 2024

Reporting to the CEO and a member of the company’s executive committee, my role is deep and broad — product, user experience, data, digital, tech delivery, security, network, and operations,” he says. He and his colleagues have generated more than 30 patents in the manufacturing, payments, and digital technology categories.

Technology 126

Technology Enterprise Digital Transformation IT 126

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

AUGUST 15, 2024

Here is the latest SAP news and analysis: SAP partners up to make AI more practical August 15, 2024: Many companies find it difficult to incorporate AI into their business processes. SAP restructuring to impact more jobs than expected July 24, 2024: The restructuring at SAP affects almost a tenth of its workforce.

Digital Transformation 122

Digital Transformation Enterprise Software Unstructured Data 122

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

AWS Big Data

DECEMBER 4, 2024

This week on the keynote stages at AWS re:Invent 2024, you heard from Matt Garman, CEO, AWS, and Swami Sivasubramanian, VP of AI and Data, AWS, speak about the next generation of Amazon SageMaker , the center for all of your data, analytics, and AI. The relationship between analytics and AI is rapidly evolving.

Data Analytics 102

Data Analytics Analytics Data Lake Data Quality 102

CIO Business Intelligence

SEPTEMBER 17, 2024

With the threat that quantum computers will break current encryption methods “looming on the horizon,” the adoption of post-quantum cryptography is now a critical priority, particularly for those industries that handle sensitive data, a report released Tuesday revealed. That compares to 16% of “average IT departments.”

Reporting 139

Reporting Digital Transformation Risk Business Intelligence 139

CIO Business Intelligence

DECEMBER 5, 2023

In fact, manufacturing was one of the sectors most impacted by extortion attacks last year, according to Palo Alto Networks Unit 42, as reported in the 2023 Unit 42 Extortion and Ransomware Report. How we got here With the rise of digital transformation, we’ve seen the increased convergence of IT and OT systems.

Technology 105

Technology Strategy Manufacturing Digital Transformation 105

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. billion in 2024 to over US$110 billion by 2028.

Marketing 122

Marketing Cost-Benefit Digital Transformation Data-driven 122

CIO Business Intelligence

JULY 29, 2024

That has been the objective of The Mosaic Company’s global digital transformation, which aims to yield at least three times its investment of $300 million. Previously, each Mosaic location operated its own digital infrastructure. Digital transformation projects have always been about creating a data-driven business.

Digital Transformation 118

Digital Transformation IT Data Lake Sales 118

CIO Business Intelligence

JANUARY 7, 2025

With the AI revolution underway which has kicked the wave of digital transformation into high gear it is imperative for enterprises to have their cloud infrastructure built on firm foundations that can enable them to scale AI/ML solutions effectively and efficiently. The effectiveness of the cloud CoE comes into play in this phase.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

CIO Business Intelligence

MAY 20, 2024

Nearly half (49%) of IT leaders responding to the 2024 State of the CIO Study from Foundry, publisher of CIO.com, say they expect to play more of a strategic role in the upcoming years, with another 36% anticipating a heavy emphasis on transformational responsibilities. Other surveys offer similar findings. For Rev.io

IT 142

IT Risk Management Machine Learning Risk 142

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 30, 2024

The recent Freshworks Freshservice IT Service Management Benchmark Report (FBR) 2024 , which surveyed more than 9,400 organizations across 100 countries, outlines the seven essential IT service delivery KPIs . Customer Satisfaction (CSAT): Measures satisfaction with IT services.

Strategy 116

Strategy Management IT Measurement 116

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? As a CIO, I feared having an IT outage reported to me at the executive meeting that monitoring tools didn’t capture and automations failed to remediate.

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

DECEMBER 23, 2024

SAP conducted a Use of Artificial Intelligence survey among its Americas SAP User Group (ASUG), UK & Ireland SAP User Group (UKISUG), and its German-speaking SAP User Group (DSAG) in August and September 2024. A small portion of SAP customers reported their organizations were using AI in many areas (6% DSAG, 7% ASUG, 5% UKISUG).

Experimentation 59

Experimentation Optimization Digital Transformation Manufacturing 59

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

JULY 2, 2024

Embrace the future-proofing imperative Eighty-three percent of IT leaders and 88% of LOB leaders expect full-year spending in 2024 to be higher or in line with original 2024 budgets despite inflation and potential recession concerns, according to IDC’s Future Enterprise Resiliency and Spending Survey, Wave 3 (March 2024).

Technology 111

Technology Cost-Benefit Digital Transformation Optimization 111

CIO Business Intelligence

JUNE 28, 2024

Out with the old In November 2022, MDMC launched a huge digital transformation project to bring modern IT capabilities, including RFID, AR/VR, and 5G networks to the two depots. The ongoing transformation has earned MDMC a 2024 CIO 100 Award for IT leadership and innovation. We’re really going from Industry 3.0,

Digital Transformation 101

Digital Transformation Cost-Benefit Manufacturing Data-driven 101

Jedox

DECEMBER 28, 2021

According to Gartner, 70% of new financial planning and analysis (FP&A) projects are slated to become extended planning and analysis (xP&A) projects by 2024. According to a recent McKinsey report, automation and AI-based solutions will bring higher productivity, improved business performance, and a greater need for new skill sets.

Digital Transformation 97

Digital Transformation Finance Machine Learning Forecasting 97

CIO Business Intelligence

MAY 1, 2024

It required Brightspeed to provide information on revenue, payments, receivables, and payables using accurate, real-time numbers to support recognized revenue, revenue reported, deferred revenue and payment summaries; resolve disputes; and help with dunning – the process of regularly reminding customers that a particular bill was due.

Digital Transformation 104

Digital Transformation Data-driven Enterprise Software 104

CIO Business Intelligence

JUNE 13, 2022

The volume of work coming at IT is one of the top issues identified by CIOs, researchers, and executive advisors, or as Elizabeth Hackenson, CIO of Schneider Electric, puts it: “The accelerated demand for digital capabilities throughout the enterprise simultaneously.”. “In Angel-Johnson shares that perspective. “I

IT 144

IT Digital Transformation Internet of Things Strategy 144