CIO Business Intelligence

AUGUST 15, 2024

Gartner also recently predicted that 30% of current gen AI projects will be abandoned after proof-of-concept by 2025. Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

Smart Data Collective

JUNE 19, 2019

Many businesses globally are dealing with big data which brings along a mix of benefits and challenges. A report by China’s International Data Corporation showed that global data would rise to 175 Zettabyte by 2025. This growth means that you should prepare to handle even larger internal and external data soon.

Risk Management 72

Risk Management Risk Management Big Data 72

CIO Business Intelligence

OCTOBER 16, 2024

By 2025, edge computing will become even more widespread, particularly as AI and IoT expand.” Edge computing can reduce latency, lower cost, and lower data exposure risks.” And, looking to 2025, more CIOs plan to implement AI on the edge. We’ve seen edge computing use expand rapidly,” says Blumofe. “We

Cost-Benefit 143

Cost-Benefit Manufacturing Data-driven Optimization 143

CIO Business Intelligence

JANUARY 9, 2025

But 2025 and 2026 will bear good news, according to Deloitte. Without data that is accurate, comprehensive, and adaptable to every customers intent, businesses risk being left behind. Perhaps most concerning is the increased compliance risk that stems from inconsistent product information.

B2B 105

B2B Cost-Benefit Data-driven Sales 105

CIO Business Intelligence

SEPTEMBER 12, 2024

At Gartner’s London Data and Analytics Summit earlier this year, Senior Principal Analyst Wilco Van Ginkel predicted that at least 30% of genAI projects would be abandoned after proof of concept through 2025, with poor data quality listed as one of the primary reasons.

Unstructured Data 111

Unstructured Data Data Quality Enterprise Data Governance 111

CIO Business Intelligence

NOVEMBER 13, 2024

And we’re at risk of being burned out.” If there are tools that are vetted, safe, and don’t pose security risks, and I can play around with them at my discretion, and if it helps me do my job better — great,” Woolley says. But there’s only so many projects we can meaningfully contribute to, and conversations we can be part of.”

IT 141

IT Consulting ROI Cost-Benefit 141

CIO Business Intelligence

MARCH 14, 2022

Several factors make such scaling difficult: Massive Data Growth: Global data creation is projected to exceed 180 zettabytes by 2025. Real-time Analytics: The amount of real-time data in the global datasphere will grow from 9.5 zettabyes in 2020 to 51 zettabytes in 2025. Just starting out with analytics?

Data Processing 116

Data Processing Deep Learning Optimization Software 116

CIO Business Intelligence

AUGUST 13, 2024

Implement robust risk assessment and mitigation strategies encompassing automation initiatives. This includes regular security audits of automated systems and ensuring compliance with data protection regulations. Prioritize data quality to ensure accurate automation outcomes.

Data-driven 130

Data-driven Metrics Optimization Deep Learning 130

CIO Business Intelligence

NOVEMBER 5, 2024

According to the IDC FutureScape: Worldwide Future of Industry Ecosystems 2023 Predictions (October 2022), by 2025 60% of global 2000 organizations will have formed cross-ecosystem environmental sustainability teams responsible for sharing data, applications, operations, and expertise in ways that facilitate sustainable ecosystem practices.

Uncertainty 98

Uncertainty Measurement ROI Reporting 98

CIO Business Intelligence

JUNE 7, 2022

Research by the Economist Intelligence Unit found that 86% of financial services firms plan to increase their AI-related investments through 2025. . by 2025, according to IDC. Modern data analytics spans a range of technologies, from dedicated analytics platforms and databases to deep learning and artificial intelligence (AI).

Unstructured Data 98

Unstructured Data Deep Learning Insurance Interactive 98

DataKitchen

FEBRUARY 21, 2023

are more efficient in prioritizing data delivery demands.” Release New Data Engineering Work Often With Low Risk: “Testing and release processes are heavily manual tasks… automate these processes.” Learn, improve, and iterate quickly (with feedback from the customer) with low risk.

Data-driven 130

Data-driven Testing Risk Cost-Benefit 130

CIO Business Intelligence

APRIL 28, 2022

Right from the start, auxmoney leveraged cloud-enabled analytics for its unique risk models and digital processes to further its mission. Particularly in Asia Pacific , revenues for big data and analytics solutions providers hit US$22.6bn in 2020 , with financial services companies ranking among their biggest clients.

Analytics 98

Analytics Insurance Big Data Uncertainty 98

Smart Data Collective

SEPTEMBER 25, 2019

However, according to a 2018 North American report published by Shred-It, the majority of business leaders believe data breach risks are higher when people work remotely. Whether you work remotely all the time or just occasionally, data encryption helps you stop information from falling into the wrong hands.

Technology 89

Technology Statistics Strategy Insurance 89

CIO Business Intelligence

APRIL 11, 2022

million rules are applied to each transaction to assess its risk. Today, 10% of data is processed outside of the data center and that figure is expected to rise to 75% by 2025. Consider evaluating the risk of accepting payments from a new merchant will little to no history. Processes’ is an understatement.

Deep Learning 59

Deep Learning Strategy Risk Machine Learning 59

BizAcuity

APRIL 14, 2022

Big Data technology in today’s world. Did you know that the big data and business analytics market is valued at $198.08 Or that the US economy loses up to $3 trillion per year due to poor data quality? quintillion bytes of data which means an average person generates over 1.5 megabytes of data every second?

Big Data 52

Big Data Data Analytics Management Unstructured Data 52

IBM Big Data Hub

MAY 15, 2024

Business leaders risk compromising their competitive edge if they do not proactively implement generative AI (gen AI). Organizations require reliable data for robust AI models and accurate insights, yet the current technology landscape presents unparalleled data quality challenges.

Cost-Benefit 67

Cost-Benefit Data Integration Data Architecture Manufacturing 67

Alation

MARCH 14, 2023

It also recognised that more and more data was being harvested — but that challenges remained over how to extract truly valuable insight from it. It also set out a detailed plan to make data ‘ an enduring, strategic asset ’, with clear goals to be reached by 2025. What is a data strategy?

Data Strategy 52

Data Strategy Strategy Metadata Data Quality 52

IBM Big Data Hub

OCTOBER 12, 2023

AI-optimized data stores enable cost-effective AI workload scalability AI models rely on secure access to trustworthy data, but organizations seeking to deploy and scale these models face an increasingly large and complicated data landscape.

Cost-Benefit 76

Cost-Benefit Metadata Data Governance Modeling 76

CIO Business Intelligence

AUGUST 14, 2024

It’s aggressively deploying those to Azure data centers, which won’t require any changes by customers, and expects these investments to come closer to meeting demand by mid 2025. Concerns over exposing data to staff who shouldn’t have access has delayed some Copilot deployments, Wong says.

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

Alation

MAY 19, 2022

Gartner Data & Analytics Summit 2022: Keynote Highlights. A Gartner survey found that 57% of Boards of Directors have increased their risk appetites, and data & analytics are fueling more risky (and potentially rewarding) projects. Leaders agree: Data needs to drive business results. Want to learn more?

Metadata 52

Metadata Data Analytics Analytics Data Governance 52

Ontotext

MARCH 8, 2023

Gartner predicts that graph technologies will be used in 80% of data and analytics innovations by 2025, up from 10% in 2021. Use Case #4: Financial Risk Detection and Prediction The financial industry is made up of a network of markets and transactions. Which financial institutions have filed similar risk compliance issues?

Enterprise 52

Enterprise Knowledge Discovery Risk Machine Learning 52

CIO Business Intelligence

DECEMBER 10, 2024

Over the course of this year, CIOs have spent time studying the Data Act, the European digital regulatory framework composed of a set of laws united by the aim to encourage innovation in European companies, and to open up new markets. The CIO must prevent the risk of violation by hackers and unauthorized users.

Manufacturing 78

Manufacturing Data-driven Data Governance Marketing 78

Jet Global

JULY 5, 2023

last year with no signs of slowing down–a return to a steady interest rate isn’t expected until 2025. With heightened scrutiny on organizations and leaders, organizations can’t afford such a high risk of error. According to the International Monetary Fund’s World Economic Outlook , global inflation soared to 8.8%

Finance 52

Finance Uncertainty Reporting Marketing 52

CIO Business Intelligence

MARCH 14, 2024

Adopting and scaling AI Some of the NAO’s advice to government could also apply to enterprises, especially those with a similar aversion to risk and change. Data infrastructure Legacy loomed large in the study’s chapter on tackling infrastructure and digital enablers. Artificial Intelligence, Generative AI, Government IT

Testing 111

Testing Risk Digital Transformation Statistics 111

CIO Business Intelligence

JANUARY 7, 2025

Regardless of the driver of transformation, your companys culture, leadership, and operating practices must continuously improve to meet the demands of a globally competitive, faster-paced, and technology-enabled world with increasing security and other operational risks.

Digital Transformation 143

Digital Transformation Experimentation Cost-Benefit Strategy 143

Andrew White

JANUARY 12, 2021

Predicts 2021: Data and Analytics Leaders Are Poised for Success but Risk an Uncertain Future : By 2023, 50% of chief digital officers in enterprises without a chief data officer (CDO) will need to become the de facto CDO to succeed.

Analytics 144

Analytics Metadata Enterprise Data-driven 144

CIO Business Intelligence

APRIL 6, 2022

Cloud-native platforms will serve as the foundation for more than 95% of new digital initiatives by 2025 — up from less than 40% in 2021. A real-time data pattern guides architects, data engineers, and developers in change management. Reducing barriers to data access and complexity facilitates innovation with data.

Cost-Benefit 135

Cost-Benefit Digital Transformation Data-driven Strategy 135

Alation

JULY 6, 2021

There are new ways to quickly and effectively overcome these data governance challenges. A person or team with influence must take responsibility for reducing data governance risks. They should have resources, tools for connectivity and integration, and insights into data usage and needs. No Data Leadership.

Data Governance 52

Data Governance Metadata Data Quality Risk 52

Andrew White

JANUARY 11, 2021

But we also know not all data is equal, and not all data is equally valuable. Some data is more a risk than valuable. Additionally, the value of data may change, and our own personal judgement of the the same data and its value may differ. Risk Management (most likely within context of governance).

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Cloudera

OCTOBER 8, 2020

Businesses are now faced with more data, and from more sources, than ever before. But knowing what to do with that data, and how to do it, is another thing entirely. . Poor data quality costs upwards of $3.1 Ninety-five percent of businesses cite the need to manage unstructured data as a real problem.

Digital Transformation 106

Digital Transformation Unstructured Data Experimentation Uncertainty 106

Alation

AUGUST 17, 2021

The Alation Data Catalog is built as a platform, unifying disparate data into a singular view. The Alation Data Catalog enables you to leverage the Data Cloud to boost analyst productivity, accelerate migration, and minimize risk through active data governance. Operationalize Data Governance at Scale.

Data Governance 52

Data Governance Cost-Benefit Enterprise Data Warehouse 52

CIO Business Intelligence

JUNE 19, 2024

For de Freitas, the continuing focus is on getting the entire company to a common business system platform, and by the end of 2025, he expects it to be introduced worldwide amid the longstanding phasing in of S/4HANA. “In “We see the value in having the IT aspects close to the business where support is needed,” says Stranne.

Modeling 108

Modeling Testing Data-driven Technology 108

erwin

JANUARY 10, 2024

Examples include open data, syndicated data, web content, harvested web content and social media. Many organizations monetize their data indirectly. Their internal data monetization efforts include improving process performance, reducing risk, improving partner relationships and developing new products and markets.

Measurement 59

Measurement Cost-Benefit Data Governance Management 59

Jet Global

MARCH 4, 2024

The CSRD is a phased directive that requires all large companies and listed companies in the EU to disclose information on their environmental, social, and governance (ESG) performance, risks, and impacts. Companies will have to publish their first sustainability reports under the new standards by as soon as 2025 1.

Reporting 52

Reporting Management Cost-Benefit Enterprise 52

Jet Global

MARCH 4, 2024

The first wave of companies currently falls under the microscope in 2025. While there is talk of the first filing being delayed until 2026, this still only leaves limited time to build robust systems and processes for gathering, verifying, and reporting comprehensive ESG data. Let us be your finger on the pulse.

Reporting 52

Reporting Data-driven Software Metrics 52