datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

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 122

Risk Technology Cost-Benefit Internet of Things 122

CIO Business Intelligence

NOVEMBER 21, 2024

CIOs must build strong relationships with other executives to ensure IT is seen not as a cost center but as a critical enabler of business success. In our fast-changing digital world, it’s essential to sync IT strategies with business objectives for lasting success. Understanding the competitive landscape is also essential.

Strategy 102

Strategy IT Business Objectives Cost-Benefit 102

CIO Business Intelligence

MAY 24, 2024

GRC certifications validate the skills, knowledge, and abilities IT professionals have to manage governance, risk, and compliance (GRC) in the enterprise. Enter the need for competent governance, risk and compliance (GRC) professionals. Why are GRC certifications important? Is GRC certification worth it?

Risk 119

Risk Risk Management Management Enterprise 119

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.” And, yes, enterprises are already deploying them.

Risk 136

Risk Insurance Cost-Benefit Software 136

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. The life insurance industry has not been historically focused on pure efficiency, but the cost-per-unit concept is coming into the business.”

IT 124

IT Insurance Cost-Benefit Risk 124

CIO Business Intelligence

NOVEMBER 27, 2023

Developing and deploying successful AI can be an expensive process with a high risk of failure. How can CIOs deliver accurate, trustworthy AI without the energy costs and carbon footprint of a small city? Train overnight when data center demand is low for better performance and lower costs. But do be careful.

Risk 131

Risk Cost-Benefit Modeling IoT 131

CIO Business Intelligence

AUGUST 13, 2024

As with any new technology, however, security must be designed into the adoption of AI in order to minimize potential risks. How can you close security gaps related to the surge in AI apps in order to balance both the benefits and risks of AI? Enterprises can manage AI risks at every step of the journey with AI Runtime Security.

Risk 115

Risk Cost-Benefit Enterprise Modeling 115

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?

Risk 124

Risk Software Insurance Cost-Benefit 124

CIO Business Intelligence

OCTOBER 23, 2024

But not all employees get the same degree of benefit from using GenAI. More than 90% of CIOs said that managing cost limits their ability to get value from AI for their enterprise, according to a Gartner survey of over 300 CIOs in June and July 2024. The demand of GenAI will help nearly triple server sales from 2023 to 2028.”

Enterprise 134

Enterprise IT Cost-Benefit Measurement 134

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 119

IT Insurance Consulting Risk 119

CIO Business Intelligence

NOVEMBER 19, 2024

Most IT and business executives recognize the necessity of close alignment. They understand that their strategies, capabilities, resources, and management systems should be configured to support the enterprise’s overarching purpose and goals. Is your IT organization doing all it can to build strong alignment with business leaders and colleagues?

IT 126

IT Strategy Consulting Business Objectives 126

CIO Business Intelligence

FEBRUARY 20, 2024

While cloud risk analysis should be no different than any other third-party risk analysis, many enterprises treat the cloud more gently, taking a less thorough approach. Interrelations between these various partners further complicate the risk equation. That’s where the contract comes into play.

Risk 127

Risk Enterprise Strategy Snapshot 127

CIO Business Intelligence

AUGUST 20, 2024

Many AI projects have huge upfront costs — up to $200,000 for coding assistants, $1 million to embed generative AI in custom apps, $6.5 Many AI projects have huge upfront costs — up to $200,000 for coding assistants, $1 million to embed generative AI in custom apps, $6.5 SMBs are particularly vulnerable to these cost increases.”

Risk 129

Risk Cost-Benefit Insurance ROI 129

CIO Business Intelligence

NOVEMBER 13, 2024

So for all its vaunted benefits to efficiency, gen AI doesn’t always reduce workloads. And we’re at risk of being burned out.” JP Morgan Chase president Daniel Pinto says the bank expects to see up to $2 billion in value from its AI use cases, up from a $1.5 billion estimate in May.

IT 138

IT Consulting ROI Cost-Benefit 138

CIO Business Intelligence

JANUARY 24, 2024

In my view, companies that split up these functions are seeing second-order consequences around communication, costs, and conflict, and are bringing these roles back together. Our analytics capabilities identify potentially unsafe conditions so we can manage projects more safely and mitigate risks.” People build buildings.”

Risk Management 114

Risk Management Risk Management Digital Transformation 114

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Those customers should be evaluating if, when and how they will tap into the benefits that AI and GenAI can provide to improve operational and financial performance. With a perception of limited or no benefit, not taking any action can appear attractive and may be the right choice.

Cost-Benefit 130

Cost-Benefit Risk Forecasting Software 130

CIO Business Intelligence

DECEMBER 14, 2023

As CIOs seek to achieve economies of scale in the cloud, a risk inherent in many of their strategies is taking on greater importance of late: consolidating on too few if not just a single major cloud vendor. This is the kind of risk that may increasingly keep CIOs up at night in the year ahead.

Risk 129

Risk Cost-Benefit Strategy Risk Management 129

Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Failure or Delay Risk. Brand Reputation Risk. Businesses do not exist on islands.

Risk 133

Risk Cost-Benefit Risk Management Manufacturing 133

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 101

IT Insurance Consulting Risk 101

CIO Business Intelligence

JULY 25, 2024

IT managers are often responsible for not just overseeing an organization’s IT infrastructure but its IT teams as well. To succeed, you need to understand the fundamentals of security, data storage, hardware, software, networking, and IT management frameworks — and how they all work together to deliver business value.

IT 131

IT Management Risk Risk Management 131

Smart Data Collective

FEBRUARY 28, 2023

We talked about the benefits of AI for consumers trying to improve their own personal financial plans. One of the most important changes pertains to risk parity management. We are going to provide some insights on the benefits of using machine learning for risk parity analysis. What is risk parity?

Machine Learning 89

Machine Learning Risk Cost-Benefit Marketing 89

Smart Data Collective

FEBRUARY 14, 2023

A growing number of companies are discovering that it offers tremendous benefits, but there are also some downsides to it. What Are the Benefits of Cloud Computing for Businesses? It is becoming increasingly popular among businesses due to its cost-effective nature and scalability.

Risk 102

Risk Cost-Benefit Software Technology 102

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 141

Enterprise Cost-Benefit Broadcasting Risk 141

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.”

Insurance 107

Insurance IT Cost-Benefit Unstructured Data 107

CIO Business Intelligence

SEPTEMBER 10, 2024

We are embedding AI-powered capabilities across the suite so customers are benefiting from it as soon as they log in,” Evan Goldberg, founder and executive vice president of Oracle NetSuite, said in a statement. “By Bickley cautioned, however, that NetSuite will have to prove value to drive a renewal cost increase for these services.

IT 114

IT Cost-Benefit ROI Enterprise 114

CIO Business Intelligence

SEPTEMBER 26, 2023

Management rules typically exist to enable faultless decision-making, set a foundation for consistent operation, and provide protection from risk, observes Ola Chowning, a partner at global technology research and advisory firm ISG. Breaking a rule often happens after the CIO weighs the risk of removing or retaining a mandate,” she notes.

IT 141

IT Risk Cost-Benefit Consulting 141

CIO Business Intelligence

JANUARY 3, 2024

The goal, he says, is to understand how AI will benefit Rich’s business overall. “We The risk of going out of business is just one of many disaster scenarios that early adopters have to grapple with. And it’s not just start-ups that can expose an enterprise to AI-related third-party risk. He’s not the only one.

Risk 130

Risk Modeling Enterprise Marketing 130

CIO Business Intelligence

JULY 2, 2024

This approach to better information can benefit IT team KPIs in most areas, ranging from e-commerce store errors to security risks to connectivity outages,” he says. This approach to better information can benefit IT team KPIs in most areas, ranging from e-commerce store errors to security risks to connectivity outages,” he says.

IT 143

IT Machine Learning Cost-Benefit Software 143

CIO Business Intelligence

AUGUST 2, 2024

The amount of systems not only creates complexity but also risks, so it’s important decommissioning takes place in a standardized and secure way to establish as few individual integrations as possible. I made a U-turn,” she says. After being there for nine years, I decided I wanted to break new ground.” It would be a huge time-saver.”

IT 117

IT Cost-Benefit Data-driven Management 117

CIO Business Intelligence

JULY 22, 2024

IT leader and former CIO Stanley Mwangi Chege has heard executives complain for years about cloud deployments, citing rapidly escalating costs and data privacy challenges as top reasons for their frustrations. They, too, were motivated by data privacy issues, cost considerations, compliance concerns, and latency issues.

Optimization 128

Optimization Strategy IT Cost-Benefit 128

CIO Business Intelligence

SEPTEMBER 26, 2024

A key benefit of 2D barcodes is data density and self-correction capabilities, which can enable item-level inventory tracking via serialization, ensuring every item is uniquely identified and tracked as it moves through the retail supply chain,” says Bob Carpenter, president and CEO of GS1 US. The benefits are potentially huge.

IT 124

IT Manufacturing IoT Cost-Benefit 124

Smart Data Collective

JULY 8, 2021

As humanity makes more and more progress with AI there is constant debate underway whether AI will turn on us in the future or they will benefit us. Let’s talk about some benefits and risks of artificial intelligence. Benefits of Artificial Intelligence: Reducing human error. Training and operation cost reduction.

Risk 141

Risk Cost-Benefit Machine Learning Deep Learning 141

CIO Business Intelligence

NOVEMBER 14, 2023

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Without a clear cloud strategy and broad leadership support, even value-adding cloud investments may be at risk. Cloud costs will often — and rapidly — become large line items on budgets.

Strategy 145

Strategy Cost-Benefit IT Key Performance Indicator 145

CIO Business Intelligence

JUNE 13, 2024

But purpose-built small language models (SLMs) and other AI technologies also have their place, IT leaders are finding, with benefits such as fewer hallucinations and a lower cost to deploy. When adopting AI, sometimes the best direction is to go small. It could be a very, very low barrier to entry.”

IT 131

IT Cost-Benefit Machine Learning Testing 131

CIO Business Intelligence

MAY 24, 2024

This was one area addressed in the HP-sponsored IDC whitepaper on the benefits of integrating managed device services, published in April 2024 [1]. Register here to read the full HP-sponsored IDC whitepaper on the benefits of integrating managed device services. [1]

Management 105

Management IT Cost-Benefit Metrics 105

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 116

Cost-Benefit Risk Business Objectives Data-driven 116