CIO Business Intelligence

JANUARY 11, 2024

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. Waiting is a losing strategy.” These external factors can have a dramatic impact on business operations and strategic planning.

IT 128

IT Uncertainty Cost-Benefit Strategy 128

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 130

Risk Reporting Digital Transformation Enterprise 130

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 121

Digital Transformation Strategy Software Management 121

CIO Business Intelligence

JANUARY 25, 2024

The AI hype cycle has peaked: Tens of thousands of companies helped get it there with generative AI in 2023, with two-thirds now reporting they have deployed GAI tools to their workforce. Here are three strategies designed to help CIOs and others maximize their return not just on AI, but all essential tech.

ROI 102

ROI Experimentation Sales Finance 102

CIO Business Intelligence

AUGUST 21, 2024

They know how damaging a cybersecurity incident can be – the annual IBM/Ponemon Institute Cost of a Data Breach report puts it at $4.88 million in 2024 1 – and thus take the necessary steps to reduce cyber risk. Adherence to a defense-in-depth strategy should be front and center. To learn more, visit Hyland. [1]

Strategy 120

Strategy Measurement Risk Reporting 120

CIO Business Intelligence

JANUARY 30, 2024

Twenty-plus years in, CIOs have discovered that, when it comes to IT, everything is going to need a strategy. As CIO, you need a data strategy. You need a cloud strategy. You need a security strategy. Just this past year another strategy must-have arrived to upend nearly every organization.

Strategy 118

Strategy Consulting Big Data Measurement 118

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. Here veteran IT leaders and advisers offer eight strategies to speed up IT modernization.

Strategy 140

Strategy IT ROI Digital Transformation 140

CIO Business Intelligence

JULY 22, 2024

Moreover, these repatriations show how CIOs have a shrewder, more fluid cloud strategy today to ensure they don’t settle for less than what they want. According to the IDC repatriation report, less than 10% of respondents said they had repatriated entire workloads. That 80% is consistent with past survey findings.

Optimization 126

Optimization Strategy IT Cost-Benefit 126

CIO Business Intelligence

SEPTEMBER 13, 2023

Generative AI will soon be everywhere — including in Salesforce’s Net Zero Cloud environmental, social, and governance (ESG) reporting tool. Net Zero Cloud uses data held within the Salesforce platform to help enterprises report on their carbon footprint and manage other social and governance metrics.

Reporting 121

Reporting Enterprise Strategy Finance 121

CIO Business Intelligence

DECEMBER 23, 2024

Gen AI moved past hype and proved its worth ChatGPT and the generative AI revolution marked their second anniversary in November 2024. Kellie Romack, chief digital information officer at ServiceNow, says 2024 has taught her to embrace that reality. Romack says this 2024 lesson is influencing how she plans to work in 2025.

IT 131

IT Strategy Technology Experimentation 131

CIO Business Intelligence

DECEMBER 24, 2024

Like most years, 2024 also saw its share of IT disasters. The outage was still causing hundreds of flight cancellations and other problems 24 hours after initial reports. Then in June, AT&T customers reported another service outage. Reports of service outages began to spike at 1 p.m.

IT 135

IT Reporting Testing Software 135

CIO Business Intelligence

NOVEMBER 4, 2024

Second, decision-makers increasingly rely on genAI to … ask questions about their financial and operational data without relying on traditional dashboards and reports,” said Greenstein.” Lazarev agrees: “It’s one thing to have the technology, but it’s another to weave it into the fabric of your business strategy.

Strategy 123

Strategy Data-driven Predictive Analytics Dashboards 123

CIO Business Intelligence

JANUARY 11, 2024

billion in 2024, up from $563.6 billion in 2023, according to a report from Gartner. On Tuesday, the company also said it has completed the acquisition of management consultancy Vocatus , which uses behavioral economics modeling to develop pricing strategies and sales concepts for business-to-business and business-to-consumer models.

IT 111

IT Consulting Digital Transformation Manufacturing 111

DataKitchen

NOVEMBER 27, 2024

A Guide to the Six Types of Data Quality Dashboards Poor-quality data can derail operations, misguide strategies, and erode the trust of both customers and stakeholders. Another example is an analytic team that wants to focus on data that goes into the weekly report for the executive team. We have corporate goals on CDE data quality.

Data Quality 219

Data Quality Dashboards Metrics Cost-Benefit 219

IBM Big Data Hub

FEBRUARY 7, 2024

In 2024, sustainability is taking center stage. Advanced technologies, more stringent reporting standards and stronger support from stakeholders are building momentum for eco-friendly initiatives and the incentives that encourage them. Reporting is also becoming critical to corporate social responsibility initiatives.

Reporting 88

Reporting Internet of Things Cost-Benefit Data-driven 88

CIO Business Intelligence

NOVEMBER 2, 2023

Rapid advancements in artificial intelligence (AI), particularly generative AI are putting more pressure on analytics and IT leaders to get their houses in order when it comes to data strategy and data management. Salesforce’s findings gibe with IDC’s Worldwide C-Suite Survey 2023-2024 , released in September.

Data Strategy 132

Data Strategy Strategy Sales Data Governance 132

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 113

Strategy Management IT Measurement 113

CIO Business Intelligence

JULY 15, 2024

As many organizations shift services from in-house datacenters to external cloud services, the potential for reduced power consumption and reduced carbon emissions presents an opportunity to report improvements in ESG. An MIT report determined that the carbon footprint for all datacenters globally, about 0.3%

Reporting 99

Reporting Consulting Cost-Benefit Strategy 99

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. The survey findings too echoed Hinojosa’s sentiment.

Reporting 103

Reporting Digital Transformation Uncertainty Measurement 103

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. Cyberattacks on operational technology (OT) systems are rapidly rising.

Technology 101

Technology Strategy Manufacturing Digital Transformation 101

CIO Business Intelligence

JUNE 24, 2024

Ransomware accounted for nearly a quarter (24%) of data breach incidents in the 2023 Verizon Data Breach Investigations Report , and Sophos’ State of Ransomware 2023 found that two-thirds of surveyed companies had experienced a ransomware attack. In 2024 and beyond,” Martin-Romani says, “a layered cybersecurity approach is vital.

Strategy 110

Strategy Data-driven Technology Risk 110

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

DECEMBER 18, 2023

Developing generative AI implementation strategies will be imperative for technology leaders, prioritizing key areas such as business model building, internal operational improvements, risk mitigation, and overall organizational efficiency. The demand for sustainable technologies and tech-enablement of ESG strategies has gained speed.

Cost-Benefit 97

Cost-Benefit Risk Strategy Manufacturing 97

CIO Business Intelligence

AUGUST 8, 2024

According to a Protiviti report 1 : Nearly 7 in 10 organizations believe technical debt has a high level of impact on their ability to innovate. The right hiring strategy can help organizations reduce labor costs, and then reassign labor savings toward addressing technical debt,” he says.

Strategy 94

Strategy Digital Transformation Business Analysis Reporting 94

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 Classroom training was ranked the least effective strategy, with only 11% saying they found this format beneficial.

Strategy 113

Strategy Digital Transformation Cost-Benefit Consulting 113

DataKitchen

DECEMBER 6, 2024

Discover how to make quality testing a built-in practice, empower your team to act fast, and ensure reliable insights from raw data to analysis-ready reports. What to Expect: Winning Strategies for Each Medallion Layer: Discover how to tackle the unique data quality challenges of Bronze, Silver, and Gold layers in Medallion Architecture.

Data Quality 130

Data Quality Scorecard Testing Strategy 130

CIO Business Intelligence

OCTOBER 30, 2024

They are inundated by increasingly potent cyber threats, especially as threat actors are now leveraging AI to enhance their attack strategies. According to Unit 42’s 2024 Incident Response Report , the median time between compromise and exfiltration accelerated to just two days in 2024 (from nine days in 2022).

Strategy 124

Strategy Reporting Visualization Interactive 124

CIO Business Intelligence

NOVEMBER 15, 2023

This article was co-authored by Ishan Prakash , a Manager at Metis Strategy. Once relegated to a role of support, the function now can inform entire strategies as critically as it does key processes or core products. By Gartner’s estimations, overall IT spending will grow in 2024 by 8%, more than double that of 2022 and 2023—2.9%

Publishing 123

Publishing Reporting IT Finance 123

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. At the same time, CIOs may see a proliferation of new titles that would likely answer to them, Muehlberger says.

Technology 125

Technology Enterprise Digital Transformation IT 125

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 84

Reporting KPI Metrics Software 84

CIO Business Intelligence

JANUARY 24, 2023

Other reports confirm that hybrid work is here to stay. Technologies cited by IDC include intelligent space and capacity planning tools, which the firm predicts 55% of global enterprises will use to reinvent office locations by 2024. And we say what we’re doing, the principle it’s related to, and here’s how we measure it.”

Strategy 142

Strategy Consulting Technology Software 142

CIO Business Intelligence

APRIL 24, 2024

But while the CIO is tasked with overseeing the IT department, staff, and infrastructure to support everyday operations and working with business leaders to align IT with business goals, the CTO is responsible for the overall technology strategy. Indeed lists a number of tasks a CTO might be expected to carry out.

Strategy 102

Strategy Key Performance Indicator Digital Transformation Reporting 102

CIO Business Intelligence

AUGUST 2, 2024

Data centers are running at near capacity in many areas of the world, according to the Global Data Center Trends 2024 report from CBRE, a real estate services firm. The 2023 CBRE report found that 83% of the data center capacity under construction at the time was presold.

Reporting 139

Reporting Consulting Machine Learning Enterprise 139

CIO Business Intelligence

FEBRUARY 24, 2023

Their report focused exclusively on financial cybercrime, including identity theft. To keep ahead of cybercriminals, organizations must remain agile, pivoting to embrace new strategies and technologies whenever necessary in order to outrun attacks. Adapting to an evolving cybercrime landscape Cybercrime is constantly evolving.

Strategy 99

Strategy ROI Consulting Technology 99

CIO Business Intelligence

DECEMBER 20, 2024

A new report from the US Government Accountability Office (GAO) appears to indicate that no US federal agency reporting into the Department of Homeland Security (DHS) knows the full extent or probability of harm that AI can do the nations critical infrastructure.

Risk 72

Risk Reporting Strategy Risk Management 72

CIO Business Intelligence

DECEMBER 10, 2024

Indeeds 2024 Insights report analyzed the technology platforms most frequently listed in job ads on its site to uncover which tools, software, and programming languages are the most in-demand for job openings today. Job listings (August 2023 to August 2024): 131,609 Year-over-year increase: 4% Total resumes: 72,703,986 2.

Enterprise 135

Enterprise IT Machine Learning Visualization 135

CIO Business Intelligence

JULY 23, 2024

For example, in the 2024 CISO Burnout Report , 80% of CISOs classify themselves as “ highly stressed ,” 63% say they receive little to no support managing their roles, and 50% report losing team members because of workplace stress. Now, add data, ML, and AI to the areas driving stress across the organization.

Risk 142

Risk IT Risk Management Cost-Benefit 142