CIO Business Intelligence

DECEMBER 19, 2023

Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control. Initiatives vary by industry and business strategy and may include smart manufacturing , digital health , e-government initiatives , sustainability programs , digital twins , and others.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

Ontotext

APRIL 6, 2023

Manufacturing and Industry 4.0 For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. As we have seen, many leading auto part makers and car manufacturers use knowledge graphs to improve their operations. But the benefits of knowledge graphs don’t stop there.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

MARCH 5, 2024

CIOs must also partner with CISOs, legal, human resources, and business leaders to build awareness of policies and develop a generative AI risk management strategy. The ambiguity of what’s working today and which users will benefit is driving some CIOs to ask whether adding Copilot licenses to Microsoft 365 is worth the price.

Advertising 124

Advertising Cost-Benefit Experimentation Reporting 124

Smart Data Collective

FEBRUARY 2, 2021

For businesses, the advent of Big Data offers several key benefits, including helping them with customer acquisition, lead generation, targeted marketing campaigns, identifying potential opportunities and challenges , and creating new products based on the needs of the market. The post What Are the Industries That Benefit Most from Big Data?

Big Data 106

Big Data Recreation/Entertainment Cost-Benefit Finance 106

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation. Our focus is on curating reusable data and AI insights,” she says.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

DECEMBER 7, 2022

Security tops the list According to this year’s State of the CIO survey , cybersecurity and risk management are the top investment areas for 45% of IT leader respondents. billion industrial manufacturing company headquartered in Chicago, says Ron Mathis, corporate IT operations director.

IT 132

IT Insurance Cost-Benefit Risk Management 132

CIO Business Intelligence

JANUARY 22, 2024

McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5 trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue.

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

CIO Business Intelligence

OCTOBER 3, 2024

It’s the data they create, maintain, and manage that becomes the strategic model and potential new source of business models going forward,” says Chiraq Degate, analyst at Gartner. Many enterprise core data assets in financial services, manufacturing, healthcare, and retail rely on mainframes quite extensively.

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going. “If

IT 111

IT Cost-Benefit Risk Consulting 111

CIO Business Intelligence

DECEMBER 8, 2022

This is designed to help manufacturing, transportation and other industries accelerate sustainability initiatives and make data-driven decisions to reduce their carbon footprint and become more efficient through the intelligent use of IoT connectivity. Today’s complex challenges require ambitious solutions that can scale and evolve over time.

IoT 101

IoT ROI Cost-Benefit Risk 101

CIO Business Intelligence

SEPTEMBER 30, 2024

CIO.com / Foundry They also cited AI/ML capabilities in specific areas — such as risk management, fraud detection, smart manufacturing, predictive maintenance, quality control, and personalized employee engagement — as fueling transformation. We’re solving problems that weren’t solvable before,” he adds.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

CIO Business Intelligence

JULY 6, 2023

Organizations can reap a range of benefits from deploying automation tools such as robotic process automation (RPA). Since AT&T launched its IA program, “we’ve seen annual benefits of close to $100 million in productivity gains and cost savings,” Austin says. “In Another benefit is greater risk management.

Cost-Benefit 119

Cost-Benefit Technology Unstructured Data Testing 119

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

MAY 13, 2024

Overall, IT projects are meant to create a leaner, more profitable company, says Bilker, CIO of manufacturer Lift Solutions Holding. I do see companies having more conversations about AI and adjusting expectations as they make investments to take advantage of the benefits that AI brings,” she says. “I

IT 131

IT Digital Transformation ROI Strategy 131

IBM Big Data Hub

FEBRUARY 19, 2024

Effective SCM initiatives offer several benefits: Lower operational costs : By optimizing inventory levels , improving warehousing efficiency and streamlining order fulfillment processes, companies can save on storage, labor and transportation expenses.

Strategy 81

Strategy Management Forecasting Internet of Things 81

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.

IT 131

IT Digital Transformation Consulting Manufacturing 131

CIO Business Intelligence

APRIL 1, 2022

A sustainable value chain also offers significant business benefits, including potential cost savings and reputation enhancement. All too often, executives look at value chains exclusively through the lens of risk management and economic value, not realizing that sustainability can—and should—also be a part of the equation.

Cost-Benefit 52

Cost-Benefit Risk Risk Management Manufacturing 52

IBM Big Data Hub

FEBRUARY 13, 2024

It assists in structural optimization which ensures that products are strong, durable and use minimal material, leading to considerable cost reductions. To have the greatest impact, generative design must be integrated throughout the product development cycle, from the initial concept to manufacturing and procurement.

Enterprise 118

Enterprise Testing Modeling Data-driven 118

IBM Big Data Hub

JUNE 10, 2024

As an example of what such a monumental number means from a different perspective, chip manufacturer Ar m claimed to have shipped 7.3 By running advanced analyses on such data and then applying a range of different scenarios to that data, risk management systems that CPUs enable can help financial institutions reduce losses.

Manufacturing 64

Manufacturing Forecasting Data-driven Internet of Things 64

CIO Business Intelligence

JULY 31, 2023

Some are expecting cost savings using this technology, but there’s also the expectation that they’ll find ways to incorporate this technology [into their company’s products] to strengthen their offerings,” Carmichael adds. Douglas Merrill, a partner at management consulting firm McKinsey & Co., This is an issue for CIOs.

Strategy 98

Strategy Risk Enterprise Risk Management 98

CIO Business Intelligence

MARCH 27, 2023

Eighty-four percent of respondents were immersed in basic functional tasks such as security management (47%), improving IT operations and systems performance (40%), and cost control and expense management (28%). Machine learning and AI were also high on the list, cited by 26%.

Strategy 109

Strategy Digital Transformation Insurance Technology 109

Jet Global

NOVEMBER 12, 2020

While smaller organizations may be able to get away with a mix of accounting software and specialized applications for billing or customer management, businesses that grow beyond a certain size need a more holistic approach to manage the complexity that comes with growth. Risk and Compliance Is a Perpetual Worry. Challenge #4.

Software 52

Software Sales Risk Management 52

Andrew White

JANUARY 11, 2021

With a success behind you, sell that experience as the kind of benefit you can help improve. As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. How do you think Technology Business Management plays into this strategy? Product Management.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

CIO Business Intelligence

AUGUST 7, 2024

Now fully deployed, TCS is seeing the benefits. The framework “has revolutionized enterprise API development,” says CIO Milind Wagle, who cites several transformative benefits, including improved speed to market and a two- to threefold improvement in developer productivity when building APIs within industry and Equinix standards.

IT 119

IT Insurance Cost-Benefit Testing 119

CIO Business Intelligence

JULY 24, 2024

Say, a paperclip manufacturing CEO deployed an AI with no guardrails, checks, or balances, and asked it to apply its superintelligence to the paperclip problem. According to Bostrom, the AI starts transforming first all of earth, and then increasing portions of space, into paperclip manufacturing facilities.

Risk 130

Risk Insurance Modeling Manufacturing 130

CIO Business Intelligence

FEBRUARY 3, 2023

More recently, The Royal Mint has evolved its business model in the face of declining cash usage, from its core business of coins and metal manufacturing through to bullion trading, a new consumer business and jewellery line, as well as tentative steps into digital gold and recycling e-waste. How do they benefit you?

IT 52

IT Experimentation Scorecard Digital Transformation 52

Jet Global

AUGUST 13, 2024

You’ve probably heard a lot about the disruptive effect of AI software on creative roles like graphic design and writing, but there’s been considerably less talk about how potentially game-changing AI and ML can be for the manufacturing industry.

Manufacturing 52

Manufacturing Reporting Optimization Sales 52

Jet Global

AUGUST 15, 2024

Broadly defined, the supply chain management process (SCM) refers to the coordination of all activities amongst participants in the supply chain, such as sourcing and procurement of raw materials, manufacturing, distribution center coordination, and sales. Distributors and retailers then distribute and sell the products to end-users.

Management 52

Management Manufacturing Forecasting Cost-Benefit 52

Jet Global

APRIL 5, 2021

Risk management. It is typically used to predict future revenues, expenses, and capital costs. A cost-saving initiative within a company. This is achieved through thorough risk management strategies that are continually reviewed. Raising capital in the form of debt or equity. Prioritizing projects.

Modeling 98

Modeling Forecasting Metrics Finance 98

Jet Global

MARCH 2, 2022

The organization provides probably the most widely used standards for sustainability reporting that advance the practice of sustainability reporting and makes it possible for companies and organizations to make better decisions that create more economic, environmental, and social benefits.

Reporting 59

Reporting Recreation/Entertainment Risk Insurance 59

David Menninger's Analyst Perspectives

JANUARY 22, 2025

Technology has advanced to a point where this approach is feasible and cost-effective. For that reason, ISG Software Research asserts that by 2027, one-half of organizations with 10,000 or more workers will implement IFM for its tax, risk-management and accelerated financial close benefits.

Management 130

Management Cost-Benefit Enterprise Sales 130

CIO Business Intelligence

FEBRUARY 13, 2025

From manufacturing to healthcare and finance to defense, AI enhances efficiency, decision-making and operational agility, providing organizations a competitive edge in an increasingly data-driven world. Regulatory frameworks like the EU AI Act and NIST AI Risk Management Framework are shaping expectations around responsible AI deployment.

Risk 116

Risk Data-driven Finance Risk Management 116

CIO Business Intelligence

APRIL 2, 2025

The overall cost was estimated at $5.4 billion for Fortune 500 firms alone, according to an analysis by Parametrix, and total economic damages could run into tens of billions, Nir Perry, CEO of cyber insurance risk platform Cyberwrite, told Reuters.

Risk 116

Risk Software Testing Enterprise 116

CIO Business Intelligence

APRIL 7, 2025

As per a McKinsey survey, organisations reported cost decreases in human resources, and commonly reported meaningful revenue increases (of more than 5 percent) in supply chain and inventory management. Prioritize scalable cloud infrastructure to support AI workloads while optimizing costs. Myth: AI Delivers Immediate ROI.

ROI 66

ROI Cost-Benefit Risk Enterprise 66

Jet Global

FEBRUARY 7, 2025

Understanding how different lease scenarios play out in practice helps organizations manage financial reporting more effectively. Businesses enter into lease agreements for a variety of assets, including office space, manufacturing equipment, company vehicles, and retail storefronts. What Are Lease Accounting Examples?

Finance 40

Finance Reporting Cost-Benefit Manufacturing 40

Jet Global

JUNE 21, 2021

Learn why tax is playing an important part in enterprise risk management. The cost of World War I and post-war reconstruction helped create modern corporate taxation. Read how to elevate tax to a strategic function. Climate change is also driving urgent needs to encourage different corporate behavior.

Recreation/Entertainment 98

Recreation/Entertainment Digital Transformation Finance Reporting 98