CIO Business Intelligence

JULY 22, 2024

We know upskilling and reskilling are critical to digital transformation and thriving in the future of work. Yet, despite the investments in IT training, we have a chronic skills shortage that’s causing, on average, digital transformations to fall behind by five months.

Digital Transformation 104

Digital Transformation IT Cost-Benefit Software 104

CIO Business Intelligence

SEPTEMBER 17, 2022

More than 70% of US legal departments across enterprises spanning various industry sectors have not made any investment towards digital transformation in the last two years, according to a joint report from The Association of Corporate Counsel (ACC) and legal-technology company Disco.

Digital Transformation 105

Digital Transformation Reporting Cost-Benefit Management 105

IBM Big Data Hub

JANUARY 15, 2024

While digital transformation has been a trend for some years, emerging technologies have made this movement even more important. Companies are rethinking their business models to become more digital and competitive. Digital transformation is an important component of a modern organization’s business operations.

Digital Transformation 69

Digital Transformation Internet of Things IoT Consulting 69

BA Learnings

AUGUST 7, 2021

Are you thinking about initiating a digital transformation campaign in your company? Boston Consulting Group conducted a digital transformation study in 2020 to find out why such projects are missing the mark. Lack Of Expert Assistance How hard can digital transformation be? “I Let’s get started.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

CIO Business Intelligence

MARCH 8, 2023

Fundamentally, if customers find it too difficult to engage digitally with your business, they’ll engage elsewhere. Digital transformation: The implications for network operations Meeting heightened customer expectations is basically what digital transformation is all about. Digital Transformation

Digital Transformation 97

Digital Transformation Cost-Benefit Data-driven Reporting 97

CIO Business Intelligence

JULY 11, 2022

Digital transformation goes well beyond reducing physical assets to bits. Digital transformation leverages software to re-invent the entire LBGUPS (Learn, Buy, Get, Use, Pay & Support) business value chain. What’s fueling accelerated digital transformation? Cloud and edge computing.

Digital Transformation 104

Digital Transformation Cost-Benefit Software IoT 104

CIO Business Intelligence

AUGUST 21, 2023

Atos earns the 2023 VMware Partner Worldwide Lifecycle Services Award for enabling end-to-end digital transformations True transformation is often a team effort. No matter what type of transformation, working with a trusted partner can make all the difference. To learn more, visit us here. Cloud Computing

Digital Transformation 94

Digital Transformation Cost-Benefit Software Manufacturing 94

CIO Business Intelligence

OCTOBER 8, 2024

The typical reaction is to ban any use of it until you can figure out what it is, what it does, how it will benefit your business and how you can safely and securely deploy it. Do you really benefit by awaiting others to figure it out for you and then sell you their services — when they know little to nothing about your business?

Risk 120

Risk Technology Cost-Benefit Internet of Things 120

CIO Business Intelligence

JULY 18, 2024

If exploited, a single mainframe code vulnerability can allow a hacker to bypass security controls and corrupt a system, all while covering their tracks—all of which come at a high cost to the company. What steps can be taken to minimize the risk of hackers penetrating the mainframe? Mainframes are under more pressure than ever before.

Risk 124

Risk Software Insurance Cost-Benefit 124

CIO Business Intelligence

JANUARY 24, 2024

Karen Higgins-Carter, previously CIO of Webster Bank, joined Gilbane just over a year ago as CDIO with the responsibility of digitally transforming this 153-year-old business. We’re in an industry that is ripe for transformation,” says Higgins-Carter, pictured above, center. So they’ll be patient when it comes to ROI.

Risk Management 111

Risk Management Risk Management Digital Transformation 111

Cloudera

OCTOBER 6, 2022

Digital transformation. Everyone has their own ideas about what digital transformation means, so I decided to look up a few definitions. . CIO blog post : “Digital transformation is a foundational change in how an organization delivers value to its customers.”. Cost savings opportunities.

Digital Transformation 89

Digital Transformation Cost-Benefit Data Lake Machine Learning 89

CIO Business Intelligence

FEBRUARY 28, 2024

Digital transformation refers to using technology to fundamentally change how your organization operates and delivers value to your customers and stakeholders. You may not have started your digital transformation at all and feel unsure where to start. What are the implications for your digital transformation?

Digital Transformation 52

Digital Transformation IoT Cost-Benefit Data Lake 52

CIO Business Intelligence

AUGUST 21, 2024

The previous state-of-the-art sensors cost tens of thousands of dollars, adds Mattmann, who’s now the chief data and AI officer at UCLA. Adding smarter AI also adds risk, of course. “At The big risk is you take the humans out of the loop when you let these into the wild.” They also had extreme measurement sensitivity.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

MAY 23, 2024

Everything from simple translation services to more advanced solutions for creating product catalogues or risk analyses,” says Nilsson. Ideas are collected in a database where they’re scored according to the value they can provide, and at the moment, over 25 areas have been identified that show immediate benefit for the company.

Digital Transformation 108

Digital Transformation Measurement Cost-Benefit Data Warehouse 108

Ontotext

AUGUST 17, 2023

Digital Transformation, which has been a top priority for CEOs and boards of directors for many years, has had mixed results. As graph data platforms become more widely understood, they play a key enabling role in delivering on many of the failed promises of Digital Transformation. Let’s be frank.

Digital Transformation 52

Digital Transformation IT Cost-Benefit Data-driven 52

CIO Business Intelligence

OCTOBER 23, 2024

CIOs are under increasing pressure to deliver meaningful returns from generative AI initiatives, yet spiraling costs and complex governance challenges are undermining their efforts, according to Gartner. hours per week by integrating generative AI into their workflows, these benefits are not felt equally across the workforce.

Enterprise 140

Enterprise Cost-Benefit Broadcasting Risk 140

CIO Business Intelligence

SEPTEMBER 17, 2024

Moreover, undertaking digital transformation and technology modernization programs without an architect can lead to delays, technical debt , higher costs, and security vulnerabilities. Mounting technical debt and extending the life of legacy systems are key risks CIOs should be paranoid about.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

CIO Business Intelligence

OCTOBER 14, 2024

Taylor adds that functional CIOs tend to concentrate on business-as-usual facets of IT such as system and services reliability; cost reduction and improving efficiency; risk management/ensuring the security and reliability of IT systems; and ongoing support of existing technology and tracking daily metrics.

Digital Transformation 130

Digital Transformation Experimentation Cost-Benefit Risk 130

CIO Business Intelligence

SEPTEMBER 7, 2023

When I joined Discover® Financial Services in 2021, the company was executing its Runway: Mission 80,000 Feet vision to transform the engineering culture toward product-centricity. We build great products by reusing existing software assets and reducing software development, risk, and maintenance costs. Digital Transformation

Digital Transformation 59

Digital Transformation Technology Cost-Benefit Software 59

CIO Business Intelligence

AUGUST 16, 2023

But today, Svevia is driving cross-sector digitization projects where new technology for increased safety for road workers and users is tested. When I came in three years ago, it was with the task of digitizing the company,” says Svevia CIO Maria Wester. “In This leads to environmental benefits and fewer transports.

Risk 92

Risk Cost-Benefit Digital Transformation Internet of Things 92

CIO Business Intelligence

NOVEMBER 18, 2024

Interestingly, developing existing talent is the third most cited focus for digital transformation — a sign that leaders recognize the importance of preparing employees to work with gen AI. Digital transformation harder than ever Despite that emphasis on making the most of AI, banks continue to struggle with digital transformation.

Digital Transformation 88

Digital Transformation Consulting Cost-Benefit Marketing 88

CIO Business Intelligence

OCTOBER 22, 2024

Enterprises with siloed operations are faced with degraded network performance, inefficiency, high operational costs, and inability to scale at a time when modernization and digital transformation are critical to meet their customers’ fundamental needs. By reducing complexity, it lowers costs and improves efficiency overall.

Cost-Benefit 135

Cost-Benefit Digital Transformation Enterprise Risk 135

Jedox

APRIL 10, 2019

When embracing better-practice, balancing risk to return can be complex and choosing a path that delivers high business value, with minimum disruption is not always easy. Whether saving costs or improving revenue, FP&A digital transformation projects must provide strong gains in productivity and effectiveness.

Digital Transformation 43

Digital Transformation Risk Finance Sales 43

CIO Business Intelligence

OCTOBER 29, 2024

Leaders who adopt a crawl-walk-run approach, with thoughtful risk-taking and a strategic focus on actions and results, maximize the business value from IT modernization.” Identify the benefits and ensure that you keep business value at the forefront.” organizational restructurings to fully complete a digital transformation.

IT 137

IT Cost-Benefit Strategy Risk 137

CIO Business Intelligence

JUNE 22, 2023

In cybersecurity, it’s also usually cheaper and less likely to expose the organization to reputational, financial, and compliance risk. The result is extra cost, complexity, and security risk. This can also sap productivity and add operational cost, especially if teams are duplicating activities.

Risk 52

Risk Management Cost-Benefit Digital Transformation 52

CIO Business Intelligence

JANUARY 23, 2024

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). As a result, outcome-based metrics should be your guide.

Measurement 137

Measurement Digital Transformation KPI Metrics 137

CIO Business Intelligence

NOVEMBER 19, 2024

This year, many CIOs have focused on getting AI prototypes up and running without fully considering the long-term operating costs , he says. Gartner recently estimated that organizations that don’t understand how their generative AI costs scale could make a 500% to 1,000% calculation error, he notes. That’s not where you want to be.”

Cost-Benefit 114

Cost-Benefit Risk Business Objectives Data-driven 114

CIO Business Intelligence

NOVEMBER 28, 2023

As more businesses push forward with digital transformation projects, cloud computing has stood out as a powerful tool capable of fueling the analytics that drive new technologies like artificial intelligence (AI) and machine learning (ML)—two capabilities that are quickly becoming a must-have in nearly every organization.

Digital Transformation 117

Digital Transformation Cost-Benefit Strategy Optimization 117

CIO Business Intelligence

JULY 2, 2024

CIOs face the daunting challenge of driving innovation while managing costs and ensuring practical implementation in a rapidly advancing digital landscape. This article presents essential strategies for CIOs to strike the optimal balance among innovation, value, cost, and practicality in tech investments.

Technology 109

Technology Cost-Benefit Digital Transformation Optimization 109

CIO Business Intelligence

JUNE 28, 2024

Limited automation and other IT capabilities at both depots, some of it decades old, had left MDMC to deal with repair delays, inaccurate information about equipment, and increased costs, Hutcherson says. KPMG evaluated costs by product line, for example, and looked at variations in performance by facility and product line.

Digital Transformation 98

Digital Transformation Cost-Benefit Manufacturing Data-driven 98

CIO Business Intelligence

MARCH 10, 2023

Digital transformation has brought significant adoption of new technology and business models, including cloud solutions, e-commerce platforms, smart devices, and a significantly more distributed workforce. These, in turn, have brought with them an increase in new threats, risks, and cybercrime.

Digital Transformation 136

Digital Transformation Cost-Benefit ROI Risk 136

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 117

IT Insurance Consulting Risk 117

CIO Business Intelligence

MARCH 6, 2024

While time is of the essence for companies in this transformation process, cybersecurity must not be an afterthought. An explosion of OT assets As digital transformation has built momentum, manufacturers have rapidly increased the number of OT assets connected to their internal networks.

ROI 126

ROI Manufacturing Cost-Benefit IoT 126

CIO Business Intelligence

DECEMBER 6, 2023

Digital transformation is revolutionizing the way organizations operate. Intelligent new services and infrastructure can optimize cost and performance, but the rapidly evolving technology environment also introduces complexity. Digital Transformation However, constant modernization is not a straightforward task.

Technology 114

Technology Digital Transformation Cost-Benefit Data-driven 114

CIO Business Intelligence

SEPTEMBER 24, 2024

Organizationally, Wiedenbeck is a member of Ameritas’ AI steering committee, called the “mission team,” which includes the legal and risk officers, along with the CIO. See IDC PlanScape: Unit-Based Costing to Optimize IT Performance for an exploration of how unit cost can be applied to digital products and services.)

IT 121

IT Insurance Cost-Benefit Risk 121

CIO Business Intelligence

JANUARY 8, 2024

“As we head into the new year, CIOs and other IT leaders will need to understand how innovation can disrupt the business from both an internal and external perspective and make decisions with measured risk taking and a strong focus on priority outcomes.” As AI continues to redefine work, its benefits are already becoming clear.

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 99

IT Insurance Consulting Risk 99