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

CIO Business Intelligence

JULY 1, 2024

Many small business leaders are still trying to build out an artificial intelligence (AI) strategy to drive efficiencies, supercharge automation and spark creative productivity among their people. What’s clear though, is that these organisations risk being left behind if they aren’t maximising the potential of AI.

Strategy 141

Strategy Technology Optimization Reporting 141

CIO Business Intelligence

SEPTEMBER 13, 2024

And in KnowBe4’s 2024 International Healthcare Report, the global healthcare sector experienced 1,613 cyberattacks per week in the first three quarters of 2023, nearly four times the global average. They also had to retrofit some older solutions to ensure they didn’t expose the business to greater risks.

Risk 128

Risk IT IoT Statistics 128

CIO Business Intelligence

JANUARY 18, 2024

By all accounts, 2024 will be a good year on the CIO hiring front. 2024 seems to be trending higher for CIO demand,” Licciardello says. Between the clients that he works with, and the recruiters that try to lure him directly, Licciardello says he has some clear thoughts on what organizations are looking for in a CIO hire in 2024.

IT 126

IT Data-driven Marketing Technology 126

CIO Business Intelligence

AUGUST 21, 2024

million in 2024 1 – and thus take the necessary steps to reduce cyber risk. Defense in depth How the CSP attracts, trains, and retains security professionals is certainly an issue to raise when vetting providers, along with the company’s overall security strategy. 1] “Cost of a Data Breach Report 2024,” IBM.com.

Strategy 124

Strategy Measurement Risk Reporting 124

CIO Business Intelligence

MAY 15, 2024

If 2023 was the year of AI exploration, then 2024 will be the year of action. With improving security, reducing risk, and driving revenue growth among organizations’ priorities for the use of AI, there are a number of factors CIOs will have to consider when outlining AI strategy. What does a good GenAI strategy look like?

Strategy 119

Strategy Risk Machine Learning Software 119

CIO Business Intelligence

MAY 28, 2024

For CISOs to succeed in this unprecedented security landscape, they must balance these threats with new approaches by performing continuous risk assessments, protecting digital assets, and managing the rapid pace of innovation in security technologies. How do we CISOs adapt our strategies today?

Strategy 131

Strategy IoT Risk Forecasting 131

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.

Risk 108

Risk Experimentation Testing Strategy 108

CIO Business Intelligence

APRIL 16, 2024

That decision put the state’s IT department ahead of the curve when, in January 2024, Massachusetts Gov. And LinkedIn’s The Future of Recruiting 2024 report found that 73% of hiring pros are prioritizing “skills-based hiring and upskilling to help widen their talent pools and find qualified workers.”

Strategy 132

Strategy Reporting Management Marketing 132

CIO Business Intelligence

AUGUST 22, 2024

That spectrum of budget adjustments is being met by a range of strategies by IT leaders seeking to make the most of their 2025 IT spend. increase in IT spending overall in 2024, compared to 4% in 2023, software spending growth suggests CIOs need to adjust their budgets downward elsewhere. through 2027. With Forrester projecting a 5.3%

Strategy 134

Strategy IT Uncertainty Software 134

CIO Business Intelligence

FEBRUARY 12, 2024

SAP customers have a lot to navigate in 2024. Customers considering a strategy to remain on S/4HANA On-Premise should consider the potential impact on the quality of resources that will be assigned to their program. Midlevel leadership should not underestimate SAP’s ability to position their vision, successes, and $2.2B

Consulting 118

Consulting Cost-Benefit Strategy Modeling 118

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 110

Cost-Benefit Risk Strategy Manufacturing 110

CIO Business Intelligence

DECEMBER 5, 2023

Why is this sector at such risk? As a result, OT systems that were previously isolated are now connected and therefore accessible from the outside world, making them more at risk of being attacked. Another factor that has increased the security risks in this sector is that critical infrastructure often relies heavily on legacy systems.

Technology 105

Technology Strategy Manufacturing Digital Transformation 105

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. IT leaders say they are adjusting their cloud strategies to incorporate that perspective and allow for more options. a private cloud).

Optimization 128

Optimization Strategy IT Cost-Benefit 128

CIO Business Intelligence

AUGUST 8, 2024

Also known as code debt, it’s the accumulation of legacy systems and applications that are difficult to maintain and support, as well as poorly written or hastily implemented code that increases risk over time. Sutton recommends three strategies to help keep technical debt in check.

Strategy 109

Strategy Digital Transformation Business Analysis Reporting 109

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 137

Data Strategy Strategy Sales Data Governance 137

CIO Business Intelligence

MAY 29, 2024

RSA provided strategies and tools for security experts to help defend their networks, with over 600 exhibitors and countless sessions displaying plenty of both. A rise in VC funding VC funding for cybersecurity startups, especially those utilizing AI/ML, grew again in the first quarter of 2024. billion in 154 deals in Q1.

Machine Learning 133

Machine Learning Enterprise Data-driven Modeling 133

CIO Business Intelligence

JUNE 24, 2024

At the top of the cybersecurity risk chart is ransomware attacks. Cybersecurity strategies need to evolve from data protection to a more holistic business continuity approach. … This requires a multifaceted approach that combines advanced technologies and proactive strategies.

Strategy 111

Strategy Data-driven Technology Risk 111

IBM Big Data Hub

FEBRUARY 7, 2024

In 2024, sustainability is taking center stage. In addition to CSRD, California has new mandatory reporting rules coming into play in 2024, while countries around the world are on the verge of implementing their own non-financial disclosure and documentation requirements. trillion to the global economy by 2050.

Reporting 88

Reporting Internet of Things Cost-Benefit Data-driven 88

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. For instance, a bank might use a CDE dashboard to monitor the accuracy of customer credit scores, which are vital for regulatory compliance and effective risk modeling.

Data Quality 219

Data Quality Dashboards Metrics Cost-Benefit 219

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Waiting too long to start means risking having to play catch-up. AI-enabling on-premises software is preferable where there is some combination of incurring less disruption to operations, faster time to value, lower risk of failure and lower total cost of ownership relative to migrating to the cloud.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

CIO Business Intelligence

DECEMBER 20, 2024

Further, no agencies fully mapped mitigation strategies to risks, because the level of risk was not evaluated. Nobody knows the probability of harm The GAO said it is recommending that DHS act quickly to update its guidance and template for AI risk assessments to address the remaining gaps identified in this report.

Risk 72

Risk Reporting Strategy Risk Management 72

IBM Big Data Hub

FEBRUARY 1, 2024

trillion by 2024 By the end of 2024, the cost of cyberattacks on the global economy is predicted to top USD 10.5 A shortage of professionals with the skills needed to protect organizations from cyberattacks will continue to be a running theme throughout 2024. Cyberattacks will top USD 10.5

Testing 85

Testing Data Processing Risk Consulting 85

CIO Business Intelligence

APRIL 1, 2024

The research cited a lack of talent and skills to work with the technology (62%), unclear AI and GenAI investment priorities (47%), and the absence of a strategy for responsible AI (41%) as the top three obstacles. Reach consensus on strategy. Low-cost proof-of-concepts can help you reduce the risk of overprovisioning.

Uncertainty 142

Uncertainty Data Lake Consulting Risk 142

CIO Business Intelligence

FEBRUARY 24, 2023

To keep ahead of cybercriminals, organizations must remain agile, pivoting to embrace new strategies and technologies whenever necessary in order to outrun attacks. For example, suppose an organization has multiple teams or departments responsible for different parts of its cybersecurity strategy.

Strategy 105

Strategy ROI Consulting Technology 105

CIO Business Intelligence

FEBRUARY 13, 2024

Get ready for the IDC Middle East CIO Summit 2024. Developing GenAI implementation strategies will be imperative for technology leaders, and they must focus on prioritizing key areas such as business model building, internal operational improvements, risk mitigation, and overall organizational efficiency. Generative AI

Data Processing 98

Data Processing Forecasting Risk Optimization 98

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 126

Strategy Reporting Visualization Interactive 126

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. This makes it hard to assess climate risks, mitigation efforts and other initiatives.

Reporting 78

Reporting Consulting Risk Metrics 78

IBM Big Data Hub

JANUARY 30, 2024

billion in 2024, up from $563.6 To overcome various challenges associated with multicloud , organizations need to map out a comprehensive multicloud management strategy to achieve overall success. Data silos: With data spread across multiple clouds and platforms, an organization risks creating data silos. to total $678.8

Strategy 91

Strategy Cost-Benefit Risk Optimization 91

CIO Business Intelligence

AUGUST 13, 2024

That said, however, the members of the 2024 Hall of Fame cohort believe CIOs will continue accumulating both more business responsibilities and more business power in the upcoming years. Beer says CIOs also will face increasing expectations around managing risk and ensuring secure, resilient operations.

Technology 126

Technology Enterprise Digital Transformation IT 126

CIO Business Intelligence

MAY 20, 2024

The CIO position has morphed since its inception 40 years ago, shifting from a nuts-and-bolts techie job to an increasingly business- and strategy-focused executive role. Risk management came in at No. Customer experience Data analysis also feeds into another area of increasing focus for CIOs in 2024: customer experience.

IT 142

IT Risk Management Machine Learning Risk 142

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

OCTOBER 24, 2024

Noting that companies pursued bold experiments in 2024 driven by generative AI and other emerging technologies, the research and advisory firm predicts a pivot to realizing value. In addition, despite billions of dollars invested in AI infrastructure and generative AI in 2023, only 20% of businesses reported earnings benefits from AI in 2024.”

ROI 127

ROI Data-driven Enterprise Experimentation 127

CIO Business Intelligence

JULY 2, 2024

This article presents essential strategies for CIOs to strike the optimal balance among innovation, value, cost, and practicality in tech investments. In terms of value, this move was designed to enhance customer service, mitigate risks, and boost efficiency, showing substantial benefits to stakeholders.

Technology 111

Technology Cost-Benefit Digital Transformation Optimization 111

CIO Business Intelligence

MARCH 3, 2024

And only 45 percent of CISOs were very or somewhat concerned about the risks of unsecured printers, compared to 72 percent of CIOs. Quocirca said this disconnect between the views of CIOs and CISOs on print security could prevent companies from determining the true level of risk. Using zero trust.

IT 111

IT Measurement Risk Reporting 111

AWS Big Data

MAY 31, 2024

We’re thrilled to announce that AWS has been named a Leader in the IDC MarketScape: Worldwide Analytic Stream Processing Software 2024 Vendor Assessment (doc #US51053123, March 2024). They transform massive amounts of data into actionable insights to help partners better predict risk and make smarter decisions in real time.

Software 91

Software Analytics Cost-Benefit Data-driven 91

CIO Business Intelligence

MARCH 1, 2024

While the promise of AI can fundamentally reshape business operations, it has also created new risk vectors and opened the doors to nefarious individuals that most enterprises are not currently equipped to mitigate. Securing with AI: How can AI become an integral part of your defense strategy? To learn more, visit us here.

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Risk Reporting Modeling Strategy 119