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.”

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

SEPTEMBER 26, 2024

Cybersecurity and systemic risk are two sides of the same coin. As we saw recently with the CrowdStrike outage, the interconnected nature of enterprises today brings with it great risk that can have a significant negative effect on any company’s finances. This should be no surprise since the global average cost of a data breach is $4.88

Risk 132

Risk Reporting Digital Transformation Enterprise 132

Smart Data Collective

JULY 29, 2021

The race to embrace digital transformation is on and a lot of organizations are doing everything possible to ensure they digitize every piece of information; this is, however, putting at greater risks of cyber-attacks and data breaches. Trillion by 2024 , it’s obvious that data security challenges will hit new heights.

Digital Transformation 107

Digital Transformation IoT Risk Management 107

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 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. As research shows, companies and government agencies struggle to understand which assets expose them to the most risk.

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

CIO Business Intelligence

OCTOBER 17, 2024

] Forty-one percent of organizations adopted and used digital platforms for all or most functions in 2024, compared with just 26% in 2023, according to IDC’s May 2024 Future Enterprise Resiliency and Spending Survey, Wave 5. million machines worldwide, serves as a stark reminder of these risks. Assume unknown unknowns.

Risk 108

Risk Experimentation Testing Strategy 108

CIO Business Intelligence

MAY 14, 2024

Nominations are now open for the 2024 awards, with all entries to be reviewed by a select and independent CIO50 Middle East judging panel which will rate each section of the questionnaire to determine the final list.

Digital Transformation 98

Digital Transformation Business Objectives Risk Management Measurement 98

CIO Business Intelligence

FEBRUARY 12, 2024

SAP customers have a lot to navigate in 2024. Customers should construct their SAP system implementation partner evaluation in a manner that compels the consulting firms to demonstrate these capabilities as well as the associated risks and benefits.

Consulting 118

Consulting Cost-Benefit Strategy Modeling 118

CIO Business Intelligence

MAY 6, 2024

With the cloud being an inevitable part of enterprise digital transformation journeys, IT leaders must keep on top of the latest developments in the cloud market to better predict downstream impacts on their roadmaps. The cloud services landscape is in constant flux.

Marketing 131

Marketing Strategy IT Data Processing 131

CIO Business Intelligence

NOVEMBER 18, 2024

The Global Banking Benchmark Study 2024 , which surveyed more than 1,000 executives from the banking sector worldwide, found that almost a third (32%) of banks’ budgets for customer experience transformation is now spent on AI, machine learning, and generative AI.

Digital Transformation 141

Digital Transformation Consulting Cost-Benefit Marketing 141

CIO Business Intelligence

AUGUST 13, 2024

As chief digital and information officer at Honeywell Aerospace, he helped transform the company’s 10,000-plus global engineering organization and its used serviceable airline parts into a blockchain-powered digital business.

Technology 126

Technology Enterprise Digital Transformation IT 126

CIO Business Intelligence

OCTOBER 23, 2024

Despite AI’s potential to transform businesses, many senior technology leaders find themselves wrestling with unpredictable expenses, uneven productivity gains, and growing risks as AI adoption scales, Gartner said. This creates new risks around data privacy, security, and consistency, making it harder for CIOs to maintain control.

Enterprise 141

Enterprise Cost-Benefit Broadcasting Risk 141

CIO Business Intelligence

DECEMBER 5, 2023

Why is this sector at such risk? How we got here With the rise of digital transformation, we’ve seen the increased convergence of IT and OT systems. That led to fuel shortages and price hikes.​​ There are several factors which we’ll explore in this piece. This means many systems are running older, unsupported operating systems.

Technology 105

Technology Strategy Manufacturing Digital Transformation 105

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. Risk management came in at No. 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 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

NOVEMBER 25, 2024

And as life happened between 2020 and now, here we are in 2024, kicking it off. But you need to balance the innovation with the risk that comes along with it. I can assure your audience this is actually me, but how do you mitigate against the risk that it’s not? We are focusing on productivity. It’s moving very rapidly.

Digital Transformation 122

Digital Transformation Sales Manufacturing Risk 122

CIO Business Intelligence

JULY 16, 2024

If you’re not yet an agent of change at your organization, your career as CIO may be at risk of falling behind. The findings align with CIO.com’s own 2024 State of the CIO survey results, which highlighted the CIO as a change maker in the business spotlight.

Digital Transformation 127

Digital Transformation Risk Consulting Technology 127

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

NOVEMBER 14, 2024

According to the International Monetary Fund’s 2024 Global Financial Stability Report , one-fifth of all cyberattacks are against the financial sector. Outsourcing certain IT responsibilities decreases risk and frees up internal resources. A major reason why is that the finance industry depends heavily on third-party IT providers.

Finance 112

Finance Digital Transformation Risk Machine Learning 112

CIO Business Intelligence

OCTOBER 14, 2024

These days, it’s a true badge of honor to be considered a transformational CIO. This also puts the organization at risk of being vulnerable to competitors who are embracing change and seeking continuous operational improvement, Taylor says. They typically focus on maintaining the status quo, prioritizing stability over innovation.

Digital Transformation 131

Digital Transformation Experimentation Cost-Benefit Risk 131

CIO Business Intelligence

JANUARY 19, 2024

Due to be adopted as law by member states by October 2024, the EU Network and Information Systems (NIS2) Directive is the most important cybersecurity legislation ever enacted across member states. One of the biggest challenges will be NIS2’s emphasis on boosting supply chain security, widely acknowledged as a major potential weakness.

Digital Transformation 111

Digital Transformation Risk Risk Management Interactive 111

CIO Business Intelligence

NOVEMBER 14, 2024

Migration to the cloud, data valorization, and development of e-commerce are areas where rubber sole manufacturer Vibram has transformed its business as it opens up to new markets. It’s a change fundamentally based on digital capabilities.

ROI 119

ROI B2B Business Objectives Digital Transformation 119

CIO Business Intelligence

OCTOBER 15, 2024

Recommendation : CIOs should adopt a risk-informed approach, understanding business, customer, and employee impacts before setting application-specific continuous deployment strategies. Shortchanging end-user and developer experiences Many DevOps practices focus on automation, such as CI/CD and infrastructure as code.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

CIO Business Intelligence

AUGUST 13, 2024

Implement robust risk assessment and mitigation strategies encompassing automation initiatives. Implementing deep automation: A CIO’s action plan IDC’s Worldwide CEO Survey 2024 , February 2024, shows that automation technologies climbed five positions since last year to emerge as the second biggest tech spending priority for CEOs in 2024.

Data-driven 130

Data-driven Metrics Optimization Deep Learning 130

CIO Business Intelligence

MAY 14, 2024

billion in 2024, and more than double by 2027. billion in 2024 and grow to $66.4 billion in 2024, IDC’s McCarthy sees hybrid cloud infrastructure as the future for most enterprises in this area. Such private cloud solutions eliminate the risks of multitenancy data leakage, for example, a key CIO concern with AI.

IT 143

IT Data Processing Enterprise Modeling 143

CIO Business Intelligence

MAY 3, 2024

“MeRA’s introduction has been a game changer for UPS, transforming our approach to best-in-class customer service,” Subramanian says. “By MeRA, which has earned UPS a 2024 CIO 100 Award for IT innovation and leadership, automates responses to some of the roughly 52,000 customer e-mails UPS receives each day, according to the company.

Testing 140

Testing Sales Enterprise Digital Transformation 140

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

CIO Business Intelligence

JUNE 12, 2024

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. The reality is we’ve been incrementally migrating certain applications, workloads, and processes to the cloud over a number of years.

Digital Transformation 116

Digital Transformation Cost-Benefit Forecasting Metrics 116

CIO Business Intelligence

SEPTEMBER 10, 2024

The results of this company’s enterprise architecture journey are detailed in IDC PeerScape: Practices for Enterprise Architecture Frameworks (September 2024). Many of these tools also include customizable dashboards that can show key performance indicators, strategic alignment, risk assessments, and progress on initiatives.

Enterprise 115

Enterprise Key Performance Indicator Digital Transformation Insurance 115

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

AUGUST 1, 2024

The text of the EU AI Act was published in the Official Journal of the EU on July 12, 2024, and the set of rules around the development and use of AI tools officially entered force at the beginning of August. Mandatory audits for high-risk AI in areas such as lending, human resources or law enforcement will be required from August 2026.

Risk 119

Risk Uncertainty Testing Digital Transformation 119

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.

Risk Management 48

Risk Management Insurance Cost-Benefit Risk 48

CIO Business Intelligence

DECEMBER 13, 2024

Discover Financial Services has moved aggressively to the cloud in 2024 with a migration strategy focused on retaining hybrid flexibility and making the most of cloud elasticity. Still the openness and capabilities outweigh the risks for those using OpenShift for AWS, says Sid Nag, VP of cloud, edge and AI infrastructure at Gartner.

Digital Transformation 98

Digital Transformation Risk Risk Management Enterprise 98

CIO Business Intelligence

SEPTEMBER 24, 2024

Organizationally, Wiedenbeck is a member of Ameritas’ AI steering committee, called the “mission team,” which includes the legal and risk officers, along with the CIO. They should have a vision for transforming the organization with AI, and that includes ensuring that AI is used with ethics and governance in mind.

IT 130

IT Insurance Cost-Benefit Risk 130

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. If you listen to it, you won’t get anywhere,” he says.

IT 105

IT Digital Transformation Cost-Benefit Strategy 105

CIO Business Intelligence

NOVEMBER 4, 2024

“It’s going to change the relationship customers have with the company because Broadcom’s focus is on running as efficiently as possible,” said Rajiv Ramaswami, president and CEO of Nutanix, in an April 2024 episode of Bloomberg’s Tech Disruptors podcast. For us, it’s a multi-year opportunity.” They are] now down to 18,000.

Digital Transformation 110

Digital Transformation Strategy Data Processing Forecasting 110