Smart Data Collective

JUNE 19, 2022

How AI Can Help Suppliers Manage Risks Better. AI technology has been helpful for businesses in different industries for years. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Brand Reputation Risk. Price and Cost Risk.

Risk 140

Risk Cost-Benefit Risk Management Manufacturing 140

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. IRM technology product leaders will need to develop IRM capabilities that are capable of addressing the IRM market insights outlined in this blog post.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Smart Data Collective

SEPTEMBER 28, 2021

In today’s modern era, AI and IoT are technologies poised to impact every part of the industry and society radically. Because most businesses devote their primary efforts to developing their brand, software applications, or network, new technologies are apt to transform how they operate. Benefits of AI and IoT in Businesses.

IoT 140

IoT Internet of Things Cost-Benefit Consulting 140

CIO Business Intelligence

DECEMBER 14, 2023

AI can help with all of these challenges via manufacturing-specific use cases that benefit manufacturers, their employees, and their customers. Process optimization In manufacturing, process optimization that maximizes quality, efficiency, and cost-savings is an ever-present goal. Here’s how.

Manufacturing 143

Manufacturing Cost-Benefit Unstructured Data Optimization 143

CIO Business Intelligence

SEPTEMBER 19, 2022

It was time to take their technology to the next level – a new ERP in the cloud, that would be able to move more quickly and at the same time. 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. For whom the clock ticks.

Technology 89

Technology Cost-Benefit Sales Finance 89

CIO Business Intelligence

MAY 9, 2024

To date, many of these positions are with technology vendors or at government entities in the wake of recent AI mandates. That includes IT, to align AI technologies with existing infrastructure; HR, on workforce development; finance, to understand funding and new business cost models; and legal and compliance, to ensure responsible use of AI.

Risk Management 138

Risk Management Risk Cost-Benefit Technology 138

CIO Business Intelligence

OCTOBER 30, 2023

Under the aegis of digital transformation, IT initiatives have become more customer-centric, with a greater emphasis on people, not technology — all in an effort to redefine how the organization operates and to ensure it can keep up with the pace of change, capable of dealing with challenges and taking advantage of opportunities as they arise.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

CIO Business Intelligence

MAY 24, 2024

A variety of roles in the enterprise require or benefit from a GRC certification, such as chief information officer, IT security analyst, security engineer architect, information assurance program manager, and senior IT auditor , among others.

Risk 119

Risk Risk Management Management Enterprise 119

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. Product managers then propose digital KPIs and other metrics highlighting the business benefits delivered.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

erwin

MARCH 25, 2021

And with many competing projects and activities vying for people’s time, it must be clear to people why choosing data governance activities will have a direct benefit to them. Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We

Data Governance 109

Data Governance IT Cost-Benefit Risk 109

CIO Business Intelligence

AUGUST 30, 2024

As HR technology evolves, professionals in the sector need to understand not only how the solutions function, but how to extract the most benefit from emerging system capabilities. The best way to accomplish this is through human resources information management (HRIM) and human resources information systems (HRIS) certification.

Cost-Benefit 118

Cost-Benefit Risk Management Strategy Testing 118

CIO Business Intelligence

DECEMBER 27, 2023

Those same characteristics, however, reveal the risks AI pose to this sector. So business technology leaders in financial services are carefully navigating a path toward AI. AI dominates discourse and headlines, but financial services technology leaders know there’s a lot of substance amid the noise.

Insurance 141

Insurance Cost-Benefit Risk Technology 141

CIO Business Intelligence

DECEMBER 10, 2024

Set clear, measurable metrics around what you want to improve with generative AI, including the pain points and the opportunities, says Shaown Nandi, director of technology at AWS. That gives CIOs breathing room, but not unlimited tether, to prove the value of their gen AI investments.

Sales 142

Sales Metrics Data-driven Measurement 142

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Let’s dive into greater detail on the second lever – Manage Risk Better.

Insurance 69

Insurance Risk Technology Management 69

CIO Business Intelligence

NOVEMBER 21, 2024

Technology has shifted from a back-office function to a core enabler of business growth, innovation, and competitive advantage. Senior business leaders and CIOs must navigate a complex web of competing priorities, such as managing stakeholder expectations, accelerating technological innovation, and maintaining operational efficiency.

Strategy 122

Strategy IT Business Objectives Cost-Benefit 122

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

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT. Following are seven steps to guide this transformation for competitive advantage.

IT 137

IT Risk Cost-Benefit Risk Management 137

erwin

AUGUST 20, 2020

It provides a visual blueprint, demonstrating the connection between applications, technologies and data to the business functions they support. 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.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

CIO Business Intelligence

NOVEMBER 19, 2024

If expectations around the cost and speed of deployment are unrealistically high, milestones are missed, and doubt over potential benefits soon takes root. The right tools and technologies can keep a project on track, avoiding any gap between expected and realized benefits. But this scenario is avoidable.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

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. A good EA strategy considers the latest innovations in business processes, organizational structure, agility, information systems, and technologies.

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

erwin

SEPTEMBER 17, 2020

It’s paramount that organizations understand the benefits of automating end-to-end data lineage. Here are six benefits of automating end-to-end data lineage: Reduced Errors and Operational Costs. The actual job of backing things up will be managed by the system processes you set up for consistency and clarity.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

SEPTEMBER 14, 2023

Generative AI represents the next generation of this technology, and we are currently working on several ways we can effectively leverage it — both in our products and in our business.” As exchanges were modernizing, they looked at the cost benefit and realized it was better to buy Nasdaq’s technology,” Peterson says.

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

Smart Data Collective

APRIL 21, 2022

The market for AI is growing due to its obvious benefits. Many of them have utilized many management programs but finding the most best application without the assistance of an experienced consultant can be a challenge. Benefits of hiring Application development consulting to take advantage of the power of AI. ?

Consulting 107

Consulting Cost-Benefit Software Machine Learning 107

CIO Business Intelligence

APRIL 7, 2022

The real risk of IT leadership. It’s all about using information technologies to drive revenue and competitive advantage. It’s Hobson’s choice: risk being knocked out of business with a single punch vs. risking a slow but just as lethal outcome from loss of customers, marketshare, and mindshare. Chargebacks.

Risk Management 122

Risk Management Risk Cost-Benefit Management 122

IBM Big Data Hub

MAY 31, 2024

Recent research commissioned by IBM® indicates that as many as 42% of surveyed enterprise-scale businesses have actively deployed AI, while an additional 40% are actively exploring the use of AI technology. But tax agencies must adopt AI tools with adequate oversight and governance to mitigate risks and build public trust.

Cost-Benefit 98

Cost-Benefit Risk Risk Management Reporting 98

CIO Business Intelligence

JULY 15, 2022

Benefits of vendor management. But by establishing a point-person who is focused on managing that vendor relationship, a strong dynamic partnership can be formed. Building that relationship and foundation is one of the main goals and benefits of vendor management. Vendor management skills and responsibilities.

Management 122

Management Cost-Benefit Risk Software 122

AWS Big Data

FEBRUARY 1, 2024

The solution should be scalable, cost-efficient, and straightforward to adopt and operate. Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

CIO Business Intelligence

MARCH 9, 2023

In an IT marketplace marked by turbulence, inflation, and economic uncertainty, the process of contracting with vendors for technology products and services has gotten significantly more challenging for CIOs. What’s more, technology contracts are often multilayered. There are an increasing range of technologies and providers.

Cost-Benefit 116

Cost-Benefit Uncertainty Risk Technology 116

CIO Business Intelligence

JULY 25, 2024

Dr. Matt Ryan from the UNSW Institute for Cyber (IFCYBER) explains that “during a major technology disruption event, large financial institutions will find it very difficult to simply pivot from one cloud service providers to another, as the cost to build this level of resiliency is simply too high for most commercial organizations.”

Risk 144

Risk Cost-Benefit Strategy Enterprise 144

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 Software 124

CIO Business Intelligence

JULY 5, 2024

As a disruptive technology, it’s being felt in terms of both its magnitude and frequency of change. One of the unusual challenges with gen AI as a technology, however, is it’s currently in mainstream adoption yet still at the peak of the hype cycle. Here are five best practices to get the most business benefit from gen AI.

ROI 124

ROI Experimentation Risk Strategy 124

CIO Business Intelligence

MAY 9, 2022

Holistic, multi-dimensional collaboration delivers the highest total value, considering cost, speed, risk, quality, and overall customer experience. It includes order collaboration, forecast, capacity, inventory, quality, and cost collaboration with suppliers. Better risk management and control.

Cost-Benefit 98

Cost-Benefit Forecasting Risk Management Risk 98

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. That’s certainly the case in the corporate technology group at Illinois Tool Works (ITW), a $14.5 Another investment area includes tools given to sales agents.

IT 132

IT Insurance Cost-Benefit Risk Management 132

CIO Business Intelligence

JULY 26, 2024

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. And more than 22% of respondents are still asking themselves about the benefits or ROI after they’ve started their cloud journey.

Digital Transformation 142

Digital Transformation Cost-Benefit Data Processing Risk 142

Smart Data Collective

OCTOBER 28, 2020

While your organization could pay to manage this outdated solution, that’s going to be more expensive than simply archiving the data and eliminating the old platform – indeed, research shows that 85% of organizations that have archived data from legacy IT data have seen financial benefits. Big Data, Big Costs.

Cost-Benefit 135

Cost-Benefit Risk Metadata Software 135