CIO Business Intelligence

JULY 23, 2024

As a digital transformation leader and former CIO, I carry a healthy dose of paranoia. Call it survival instincts: Risks that can disrupt an organization from staying true to its mission and accomplishing its goals must constantly be surfaced, assessed, and either mitigated or managed.

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

JANUARY 14, 2025

Similarly, modern architecture must enable: A/B testing of new features Canary releases for risk management Multiple service versions running simultaneously Hypothesis-driven development A key element of evolutionary architecture is the use of fitness functions automated checks that continuously validate architecture against desired qualities.

Enterprise 118

Enterprise Technology Metrics Measurement 118

CIO Business Intelligence

SEPTEMBER 20, 2023

But speaking to many IT leaders, there are often gaps between how IT runs Scrum, Kanban, or other agile practices and what CIOs need in order to achieve digital transformation objectives. Their comments offer insights as to what to do if your teams are “doing agile” but aren’t agile enough to deliver digital transformation results.

Digital Transformation 135

Digital Transformation Uncertainty Metrics Business Objectives 135

CIO Business Intelligence

AUGUST 5, 2022

Digital transformation came in second place this year, cited by 43% of respondents as the main driver for the move to multicloud, slipping from first place last year. Other factors driving multicloud adoption this year included scalability, security and governance, and cost reduction.

Reporting 124

Reporting Enterprise Cost-Benefit Digital Transformation 124

CIO Business Intelligence

SEPTEMBER 10, 2024

Our IT evolution Having worked primarily in traditionally structured industries like oil and gas, government, education and finance, I’ve witnessed firsthand how technology was once considered a commodity, a cost center. However, its impact on culture must be carefully considered to maximize benefits and mitigate risks.

IT 121

IT Risk Risk Management Predictive Modeling 121

CIO Business Intelligence

JULY 26, 2024

Despite digital transformation being a highly effective way to further develop the long-term business model, it can be a very drawn-out and arduous process. It also means some individual cloud projects fail, there’s been a change of provider, or there’s some disillusionment regarding costs of new cloud operating models.

Digital Transformation 143

Digital Transformation Cost-Benefit Data Processing Risk 143

CIO Business Intelligence

NOVEMBER 23, 2022

Modern EA strategies now extend this philosophy to the entire business, not just IT, to ensure the business is aligned with digital transformation strategies and technological growth. Bizzdesigns asked respondents what IT benefits their EA program currently delivers and the top response was improved IT investment decisions.

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

erwin

AUGUST 20, 2020

Benefits of Enterprise Architecture. Through EA, organizations benefit from a context-rich, top-down and holistic perspective of their structure, including its limitations and potential. Benefits of Enterprise Architecture. The benefits of EA include: Better decision-making. Reduced risks and costs.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

CIO Business Intelligence

MARCH 19, 2025

While energy savings and waste reduction efforts may provide tangible cost benefits, the long-term reputational and regulatory advantages of ESG alignment are harder to measure. Demonstrate business value : Frame sustainability initiatives as cost-saving measures that enhance operational efficiency.

IT 58

IT Data Governance Data-driven Metrics 58

CIO Business Intelligence

DECEMBER 29, 2023

With the merging of operational efficiency and embracing new technologies, today’s CIOs are under increasing pressure to do more with less and become both technologists and business leaders, says Sunny Azadeh, CIO at digital services company GlobalLogic. “In

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

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. McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

CIO Business Intelligence

NOVEMBER 21, 2023

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 137

IT Risk Cost-Benefit Data Science 137

CIO Business Intelligence

MAY 13, 2024

The study identified the top CEO priorities as, among others, leading digital transformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI. 1 mandate to for CIOs to lead digital transformation. That’s not the only message CEOs are sharing.

IT 131

IT Digital Transformation ROI Strategy 131

erwin

APRIL 2, 2021

With more companies increasingly migrating their data to the cloud to ensure availability and scalability, the risks associated with data management and protection also are growing. Lack of a solid data governance foundation increases the risk of data-security incidents. Minimizing Risk Exposure with Data Intelligence.

Data Governance 106

Data Governance Cost-Benefit Metadata Risk 106

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. Platform engineering is one approach for creating standards and reinforcing key principles.

Enterprise 143

Enterprise Testing Business Objectives Experimentation 143

CIO Business Intelligence

APRIL 11, 2022

Gone are the days of the CIO being a back-office IT cost manager,” declares Chris Scheefer, vice president of intelligent industry at technology services and consulting firm Capgemini Americas. Today’s CIO must adapt and become a business strategist, a digital innovator, and an orchestrator for business.”. Build business value.

Cost-Benefit 118

Cost-Benefit Digital Transformation Strategy Consulting 118

CIO Business Intelligence

SEPTEMBER 14, 2023

As exchanges were modernizing, they looked at the cost benefit and realized it was better to buy Nasdaq’s technology,” Peterson says. When you have to calculate risk, it works really well to spread it horizontally in the cloud,” Peterson says. The company, which reported net revenues of $3.6 Not just the technology group.”

Risk Management 115

Risk Management Risk Marketing Cost-Benefit 115

CIO Business Intelligence

MARCH 5, 2024

Many employees want to experiment with AI assistants like Microsoft Copilot, while CIOs are under pressure from their CEOs to realign digital transformation priorities and deliver business value with generative AI capabilities. IT leaders are exploring how different gen AI tools transform the software development lifecycle.

Advertising 124

Advertising Cost-Benefit Experimentation Reporting 124

CIO Business Intelligence

OCTOBER 3, 2023

Hyperautomation is a key enabler of digital transformation, often touted as being necessary for an organisation’s survival, but often hampered by economic pressures and talent shortages. These tools bring benefits beyond automation. Managing change and communicating the benefits effectively will be crucial.

Cost-Benefit 121

Cost-Benefit Machine Learning Interactive Software 121

CIO Business Intelligence

JULY 5, 2024

Here are five best practices to get the most business benefit from gen AI. Set your holistic gen AI strategy Defining a gen AI strategy should connect into a broader approach to AI, automation, and data management. Which of these themes support the growth agenda, internal efficiencies, and cost savings?

ROI 124

ROI Experimentation Risk Cost-Benefit 124

CIO Business Intelligence

SEPTEMBER 19, 2022

In other words, the company would increase its costs for demand in November, when Black Friday takes place,” said Paulo Henrique Farroco, the CIO of Carrefour Brasil. Carrefour is already seeing the benefits from the project. It’s reducing operating costs by 40%. Digital Transformation The power of partnership.

Technology 89

Technology Cost-Benefit Sales Finance 89

erwin

OCTOBER 3, 2019

Enterprise architecture (EA) benefits modern organizations in many ways. It provides a holistic, top down view of structure and systems, making it invaluable in managing the complexities of data-driven business. It was often siloed from the business at large, stifling the potential benefits of the holistic view it could have provided.

Enterprise 111

Enterprise Cost-Benefit Data-driven Risk 111

CIO Business Intelligence

JULY 6, 2023

One thing is for sure – meeting ESG goals can drive value if it can be done consistently, with automation and minimal costs. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees. Digital Transformation

Cost-Benefit 96

Cost-Benefit Risk Digital Transformation Risk Management 96

AWS Big Data

JULY 16, 2024

In 2022, Zurich began a multi-year program to accelerate their digital transformation and innovation through the migration of 1,000 applications to AWS, including core insurance and SAP workloads. Lifecycle policies provide a mechanism to balance the cost of storing data and meeting retention requirements.

Insurance 130

Insurance Management Cost-Benefit Optimization 130

CIO Business Intelligence

MARCH 21, 2022

Staying razor-focused on business benefits and communicating in a language everyone understands is central to successful IT initiatives, whether the project involves state-of-the-art technology like robotic process automation (RPA) or is a bit more mundane, like upgrading an aging data center. Source: State of the CIO, 2022. Credit: CIO.

IT 131

IT Digital Transformation Consulting Manufacturing 131

John Wheeler

OCTOBER 21, 2019

A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches. Digital Risk Management – Gartner.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

CIO Business Intelligence

JULY 6, 2023

Organizations can reap a range of benefits from deploying automation tools such as robotic process automation (RPA). GPT-4 (Generative Pre-trained Transformer 4) is a multimodal large language model created by OpenAI, an AI research laboratory. Another benefit is greater risk management.

Cost-Benefit 118

Cost-Benefit Technology Unstructured Data Testing 118

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. Uncontrolled costs: More clouds and cloud services translate into more cloud bills. to total $678.8 billion in 2023.

Strategy 91

Strategy Cost-Benefit Risk Optimization 91

CIO Business Intelligence

MARCH 27, 2023

When he’s not immersed in cybersecurity, hybrid cloud strategy, or app modernization, David Reis, CIO at the University of Miami Health System and the Miller School of Medicine, spends his time working with the board of directors and top leadership to reimagine healthcare and take the lead driving digital transformation.

Strategy 108

Strategy Digital Transformation Insurance Technology 108

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. The benefits of strategic sourcing are vast, ranging from overall supply chain process optimization to more cost-effective, long-term relationships with partners.

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

CIO Business Intelligence

JULY 25, 2024

Offered by the ISACA, the CRISC certification validates your ability to understand and mitigate enterprise IT risk using the latest best practices to identify, analyze, evaluate, assess, prioritize, and respond to risks. It’s best suited for CIOs, IT executives, current or future IT managers, project managers, and business analysts.

IT 131

IT Management Risk Risk Management 131

Cloudera

NOVEMBER 18, 2021

Every one of our 22 finalists is utilizing cloud technology to push next-generation data solutions to benefit the everyday people who need it most – across industries including science, health, financial services and telecommunications. And with petabytes of data, both time and cost were significant barriers to analysis.

Data Lake 77

Data Lake Cost-Benefit Digital Transformation Risk 77

Ontotext

APRIL 6, 2023

For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. and other technologies for digital transformation of manufacturing systems. But the benefits of knowledge graphs don’t stop there. This can lead to operational cost cutting and improve competitiveness.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Benefits of partnering with IBM?

Cost-Benefit 55

Cost-Benefit Risk Management Risk Digital Transformation 55

IBM Big Data Hub

SEPTEMBER 18, 2023

However the payment is being made, the payment system’s IT architecture needs to securely manage the key functions, including payments processing, clearing and settlement, risk management, integration and connectivity, and analytics and reporting.

Risk 69

Risk Cost-Benefit Digital Transformation Risk Management 69

IBM Big Data Hub

JANUARY 16, 2024

Since AI has an ability to find trends in data, AI helps insurers create personalized products which could lead to more accurate risk assessments and ease insurance costs for individuals. Mitigation efforts and having the proper risk management tools will be vitally important as threats increase.

Insurance 48

Insurance Risk Management Cost-Benefit Risk 48

IBM Big Data Hub

JULY 27, 2023

The following are some of the most impactful ways oil and gas is embracing EAM as an asset management strategy: Asset lifecycle management : Oil and gas assets are intricate, costly and have lengthy lifecycles. Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs.

Cost-Benefit 55

Cost-Benefit IoT Internet of Things Enterprise 55