CIO Business Intelligence

NOVEMBER 4, 2024

This may involve embracing redundancies or testing new tools for future operations. Forrester predicted 20% of VMware customers would leave in 2024 , “exhausted by significant price hikes, degrading support, and mandatory subscription.” Having a Plan B is table stakes for any IT team. I’ll call it a bake-off: May the best person win.

IT 124

IT Forecasting Strategy Testing 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.

Risk 108

Risk Experimentation Testing Strategy 108

CIO Business Intelligence

MARCH 4, 2025

In fact, successful recovery from cyberattacks and other disasters hinges on an approach that integrates business impact assessments (BIA), business continuity planning (BCP), and disaster recovery planning (DRP) including rigorous testing. See also: How resilient CIOs future-proof to mitigate risks.)

Testing 64

Testing Risk Consulting Risk Management 64

CIO Business Intelligence

FEBRUARY 21, 2025

Integration with Oracles systems proved more complex than expected, leading to prolonged testing and spiraling costs, the report stated. Change requests affecting critical aspects of the solution were accepted late in the implementation cycle, creating unnecessary complexity and risk.

Reporting 90

Reporting Risk Testing Risk Management 90

CIO Business Intelligence

FEBRUARY 26, 2025

And in an October Gartner report, 33% of enterprise software applications will include agentic AI by 2033, up from less than 1% in 2024, enabling 15% of day-to-day work decisions to be made autonomously. Indicium started building multi-agent systems in mid-2024 for internal knowledge retrieval and other use cases.

IT 141

IT Enterprise Interactive Data Quality 141

CIO Business Intelligence

JANUARY 15, 2024

As workers at all levels put together their development plans for 2024, IT leaders, recruiters, researchers, and advisors share here what actions CIOs can take to advance their careers if they want to embrace a growth mindset. He says to do otherwise would risk being left behind. “AI Make 2024 the year to change that.

IT 131

IT Consulting Strategy Sales 131

CIO Business Intelligence

NOVEMBER 4, 2024

Lead the conversation with the board on risks, pros and cons, and talk like a businessperson. Langer stresses the need for stronger protection, while Jacknis emphasizes the importance of testing internal controls. Do not dismiss yourself from being the driver, and reinvent yourself,” Langer advises.

Business Driver 111

Business Driver Advertising Data-driven Modeling 111

CIO Business Intelligence

DECEMBER 30, 2024

According to a Bank of America survey of global research analysts and strategists released in September, 2024 was the year of ROI determination, and 2025 will be the year of enterprise AI adoption. The company says it can achieve PhD-level performance in challenging benchmark tests in physics, chemistry, and biology.

ROI 141

ROI Software Modeling Interactive 141

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

NOVEMBER 14, 2024

Challenge: Consumers want to shop on their own terms Recent research shows that 77% of consumers today buy through a mix of digital and physical shopping, while just 17% buy only online or only in physical stores (IDC Retail Insights: Consumer Sentiment Survey, 2024 — Findings and Implications, July 2024). IDC, June 2024).

IT 64

IT Cost-Benefit Manufacturing Sales 64

CIO Business Intelligence

JUNE 3, 2024

However, amidst the allure of newfound technology lies a profound duality—the stark contrast between the benefits of AI-driven software development and the formidable security risks it introduces. AI-powered applications are vast and varied, but with them also comes significant risk. So, how can an organization defend itself?

Testing 124

Testing Risk Data-driven Cost-Benefit 124

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. Doing penetration testing. Using zero trust.

IT 111

IT Measurement Risk Reporting 111

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. CrowdStrike recently made the news about a failed deployment impacting 8.5

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

CIO Business Intelligence

FEBRUARY 12, 2024

As genAI caught fire in 2023, many organizations rushed to test and learn from the technology and harness it to grow productivity and improve processes. 4 Additionally, while 63% have guardrails in place to use AI safely, these organizations worry about its role in misinformation, ethical bias and job loss among other risks, Wavestone found.

IT 137

IT Consulting Cost-Benefit Uncertainty 137

CIO Business Intelligence

OCTOBER 3, 2024

From budget allocations to model preferences and testing methodologies, the survey unearths the areas that matter most to large, medium, and small companies, respectively. The complexity and scale of operations in large organizations necessitate robust testing frameworks to mitigate these risks and remain compliant with industry regulations.

Cost-Benefit 129

Cost-Benefit Testing Experimentation Risk 129

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

JULY 8, 2024

No longer just a SaaS app handling some worker’s niche need or a few personal BlackBerries snuck in by sales to access work files on the go, shadow IT today is more likely to involve AI, as employees test out all sorts of AI tools without the knowledge or blessing of IT. What could go wrong?

Risk 136

Risk Strategy Technology Modeling 136

CIO Business Intelligence

MAY 3, 2024

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. During pilot testing, UPS earned 50% reduction in the time agents spent resolving e-mails.

Testing 140

Testing Sales Enterprise Digital Transformation 140

CIO Business Intelligence

DECEMBER 11, 2024

Thats a problem, since building commercial products requires a lot of testing and optimization. Other companies are also finding that open source gen AI models can offer more flexibility, security, and cost advantages, although there are risks. The gap has significantly narrowed in 2024, says Gartner analyst Arun Chandrasekaran.

Cost-Benefit 115

Cost-Benefit Modeling Marketing Sales 115

CIO Business Intelligence

APRIL 12, 2024

Large banking firms are quietly testing AI tools under code names such as as Socrates that could one day make the need to hire thousands of college graduates at these firms obsolete, according to the report. But that’s just the tip of the iceberg for a future of AI organizational disruptions that remain to be seen, according to the firm.

Experimentation 143

Experimentation Reporting Testing Statistics 143

Timo Elliott

DECEMBER 10, 2024

One of the sessions I sat in at UKISUG Connect 2024 covered a real-world example of data management using a solution from Bluestonex Consulting , based on the SAP Business Technology Platform (SAP BTP). Impact of Errors : Erroneous data posed immediate risks to operations and long-term damage to customer trust.

Management 52

Management Data Governance Consulting Risk 52

CIO Business Intelligence

JULY 1, 2024

The 2024 Generative AI in Healthcare Survey , however, does a better job at that. For those getting started on their GenAI journey, it makes sense to focus on healthcare specific models, while practitioners with more experience test out other methods. Despite the rosy outlook, it doesn’t paint the full picture of GenAI in healthcare.

Testing 125

Testing Data Processing Data-driven Modeling 125

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

MARCH 7, 2023

While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% Devops teams now look to shift left security and implement continuous testing to develop more innovative, secure, and reliable features from the start.

Digital Transformation 145

Digital Transformation Data Governance Machine Learning Experimentation 145

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

CIO Business Intelligence

OCTOBER 21, 2024

CIOs now list innovation as the most important trait they need to bring to their role, according to a 2024 survey by professional services firm Deloitte — ahead of delivering top-line value and serving as change agents, two endeavors that require innovation to facilitate. Slow progress frustrates teams and discourages future experimentation.”

IT 137

IT Experimentation Cost-Benefit Consulting 137

CIO Business Intelligence

OCTOBER 17, 2022

In fact, under DORA, the complexity of the supply chain or the lack of EU presence are both considered risk factors. Financial institutions accustomed to a regulatory environment primarily designed to assess financial risk and stability will now have to take the potential risk posed by their ICT operations just as seriously.

Risk Management 105

Risk Management Risk Enterprise Insurance 105

CIO Business Intelligence

DECEMBER 11, 2023

The bill will turn into an EU law once it is approved by the European Parliament at a vote scheduled for early 2024. Other countries, including the US and the UK , are also working on regulations to govern AI so they can benefit from the technology while mitigating the risks. It is a myth that the AI Act will hamper innovation.

Risk 127

Risk Insurance Testing Cost-Benefit 127

CIO Business Intelligence

AUGUST 6, 2024

The incident not only affected the availability of crucial cybersecurity defenses but also laid bare the broader operational risks associated with third-party service dependencies. According to IDC Research, “Downtime continues to cost cloud buyers” (IDC’s Cloud Pulse, 4Q23: Executive Summary, Part II — 2024 Cloud Return on Investment).

Risk Management 111

Risk Management Risk Testing Finance 111

CIO Business Intelligence

OCTOBER 1, 2024

Repatriation can reduce the risk of breaches and streamline compliance with regulations like GDPR or HIPAA. Gartner forecasts that worldwide end-user spending on public cloud services will reach $679 billion in 2024, up from $597 billion in 2023. Security and compliance. Performance. It truly is the best of all worlds. 18, 2023. “37

Forecasting 111

Forecasting Enterprise Strategy Risk 111

CIO Business Intelligence

MAY 14, 2024

As we are testing and dipping our toes in the water with AI, we are choosing to keep that as private as possible,” he says, noting that the public cloud has the horsepower needed for many LLMs of today but his company has the option of adding GPUs if needed via its privately owned Dell equipment. billion in 2024, and more than double by 2027.

IT 143

IT Data Processing Enterprise Modeling 143

CIO Business Intelligence

MARCH 12, 2024

And 2024 looks to be that kind of year, with John-David Lovelock, distinguished VP analyst, reporting that “IT spending will be driven by more traditional forces, such as profitability, labor, and dragged down by a continued wave of change fatigue.” In 2024, LinkedIn surveys show that half of all Americans want to change jobs.

ROI 122

ROI IT Manufacturing Metrics 122

CIO Business Intelligence

SEPTEMBER 10, 2024

Studies like Foundry’s 2024 State of the CIO report reveal a dramatic change in attitude. I built it externally for $50,000 in just five weeks—from concept to market testing. As we navigate this terrain, it’s essential to consider the potential risks and compliance challenges alongside the opportunities for innovation.

IT 122

IT Risk Risk Management Predictive Modeling 122

datapine

NOVEMBER 27, 2019

This is one of the major trends chosen by Gartner in their 2020 Strategic Technology Trends report , combining AI with autonomous things and hyperautomation, and concentrating on the level of security in which AI risks of developing vulnerable points of attacks. Industries harness predictive analytics in different ways.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

CIO Business Intelligence

AUGUST 9, 2024

The European AI Act also talks about synthetic data, citing them as a possible measure to mitigate the risks associated with the use of personal data for training AI systems. Strategies to mitigate AI risk Amid the complexities, capitalizing on gen AI’s potential while mitigating risks is an ongoing high-wire act. “A

Risk 138

Risk Measurement Data Lake Data Collection 138

CIO Business Intelligence

JULY 30, 2024

We examine the opportunity to lead both risk mitigation and value creation by helping advance the enterprise sustainability strategy. Volkswagen’s share price took a double-digit drop after altering test results to hide egregious emissions data while actively promoting the low-emission and eco-friendly features of its vehicles.

Strategy 105

Strategy Scorecard Measurement Cost-Benefit 105

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