CIO Business Intelligence

OCTOBER 23, 2024

Despite AI’s potential to transform businesses, many senior technology leaders find themselves wrestling with unpredictable expenses, uneven productivity gains, and growing risks as AI adoption scales, Gartner said. While some of the surveyed employees in the US, the UK, Australia, India, and China reported saving an average of 3.6

Enterprise 141

Enterprise Cost-Benefit Broadcasting Risk 141

CIO Business Intelligence

FEBRUARY 13, 2023

With supply chain issues and the impending recession, digital transformation remains a pressing strategic imperative. However, key digital transformation milestones remain out of reach for far too many teams. The findings from this survey are now available in a report entitled “ 2023 Value Stream Management Trends.”

Digital Transformation 145

Digital Transformation Management Reporting Data-driven 145

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

CIO Business Intelligence

AUGUST 9, 2023

Once a vanguard business strategy, digital transformation has become a perennial objective for business survival. Most CEOs (72%) continue to prioritize digital investments, according to the 2022 CEO Outlook report from KPMG, in part due to concerns about emerging and disruptive technology, a top three risk to organizational growth.

Digital Transformation 137

Digital Transformation Data-driven Strategy Consulting 137

CIO Business Intelligence

APRIL 18, 2022

Organizations that continued full speed ahead with their digital transformation initiatives during the COVID-19 pandemic are able to ruminate on what went right and what they would have done differently, with the benefit of hindsight. A leader also needs to devote time and energy to drive a transformation forward.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

CIO Business Intelligence

MAY 2, 2023

Despite the best of intentions, CIOs and their organizations often struggle to deliver business outcomes from digital transformation strategies. And while KPMG reports that 72% of CEOs have aggressive digital investment strategies, McKinsey details a harsh reality that 70% of transformations fail.

Digital Transformation 141

Digital Transformation IT Data-driven Data Quality 141

CIO Business Intelligence

JANUARY 30, 2024

These challenges grow even more pronounced in tracking progress across intricate digital transformation initiatives. Ultimately, these businesses run the increasing risk of falling behind in their markets. Conclusion Trust stands as a cornerstone in the digital transformation journey. Digital Transformation

Digital Transformation 140

Digital Transformation Metrics Enterprise Optimization 140

CIO Business Intelligence

JUNE 16, 2022

Only about 14% of transformation efforts succeed at all and only 3% of those successes are sustained, reports a major analyst firm. Value Stream Management (VSM) has become increasingly prevalent as the best operational model for those few organizations that have successfully transformed. Digital Transformation

Digital Transformation 141

Digital Transformation Statistics Sales Measurement 141

CIO Business Intelligence

FEBRUARY 1, 2023

The next generation of successful organisations will be the ones that embrace the potential of digital transformation, or so it has been said with increasing frequency in the last decade. Digital transformation, then, is a term that reflects the new operational reality for every organisation.

Digital Transformation 115

Digital Transformation Uncertainty IoT Risk 115

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. Are stakeholders struggling or unhappy?

Risk 142

Risk IT Risk Management Cost-Benefit 142

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 111

Digital Transformation Cost-Benefit Software IoT 111

CIO Business Intelligence

JANUARY 14, 2025

The 2024 Enterprise AI Readiness Radar report from Infosys , a digital services and consulting firm, found that only 2% of companies were fully prepared to implement AI at scale and that, despite the hype , AI is three to five years away from becoming a reality for most firms. Am I engaging with the business to answer questions?

Strategy 141

Strategy ROI Experimentation Risk 141

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

OCTOBER 20, 2023

Zulfi Jeevanjee, EVP and CIO, believes the best way to build and align next-generation business processes and modern IT platforms is to build anew, and so he is taking a cloud-first approach to digital transformation, dumping out all legacy infrastructure along the way. To fuel its transformation, the Northbrook, Ill.

Digital Transformation 136

Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

CIO Business Intelligence

SEPTEMBER 19, 2023

Although enterprises acknowledge the importance of digital transformation in the current environment of flux, few succeed in their digital initiatives. A major reason so many digital transformation programs fail is that enterprises view them as technology problems rather than the organizational challenges they truly are.

Digital Transformation 130

Digital Transformation Uncertainty Testing Enterprise 130

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 122

IT Insurance Consulting Risk 122

CIO Business Intelligence

OCTOBER 2, 2023

Resistance to digital transformation comes in many forms. Even when the changes are necessary, such as in the case of increased competition from disruptive new entrants or the emergence of transformative technologies, the effort required to overcome internal inertia could exhaust all your magic powers.

Digital Transformation 144

Digital Transformation Manufacturing Software Management 144

CIO Business Intelligence

JULY 11, 2022

For IT teams, the list of concerns has been magnified by a more dispersed workforce and the need to assess the risks associated with a proliferation of connected devices, the vanishing perimeter and the ever-changing threat landscape. Cybersecurity is top of mind for everyone. Hybrid model brings new challenges and security vulnerabilities.

Digital Transformation 105

Digital Transformation Software Data Processing Risk 105

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 105

IT Insurance Consulting Risk 105

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 98

Digital Transformation Cost-Benefit Data-driven Reporting 98

CIO Business Intelligence

DECEMBER 11, 2024

Digital transformation started creating a digital presence of everything we do in our lives, and artificial intelligence (AI) and machine learning (ML) advancements in the past decade dramatically altered the data landscape. The degree of engineering discipline required in this pillar correlates with the reports criticality.

Management 111

Management Data Governance Data Science Reporting 111

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 111

Digital Transformation IT Cost-Benefit Software 111

CIO Business Intelligence

SEPTEMBER 9, 2024

Digital transformation initiatives, for the most part, offer significant advantages—enhancing efficiency, agility, and innovation across the business. As IT landscapes and software delivery processes evolve, the risk of inadvertently creating new vulnerabilities increases.

Risk Management 115

Risk Management Risk Management IT 115

CIO Business Intelligence

JULY 10, 2024

We examine the risks of rapid GenAI implementation and explain how to manage it. These examples underscore the severe risks of data spills, brand damage, and legal issues that arise from the “move fast and break things” mentality. This is a risk that many organizations don’t consider.

Risk 111

Risk Strategy Consulting Cost-Benefit 111

CIO Business Intelligence

AUGUST 5, 2022

A vast majority of enterprises globally are overspending in the cloud, according to a new HashiCorp-Forrester report. The report showed that a majority of enterprises surveyed were already using multicloud infrastructures. Further, the report said that 90% of respondents claimed a multicloud strategy is working for their enterprises.

Reporting 124

Reporting Enterprise Cost-Benefit Digital Transformation 124

CIO Business Intelligence

APRIL 8, 2025

Fragmented systems, inconsistent definitions, legacy infrastructure and manual workarounds introduce critical risks. These issues dont just hinder next-gen analytics and AI; they erode trust, delay transformation and diminish business value. When financial data is inconsistent, reporting becomes unreliable.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

CIO Business Intelligence

AUGUST 21, 2024

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.” After observing this system for a few months,” he continues, “Hughes allowed the process to run automatically and report on the implemented changes. We do lose sleep on this,” he says.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

DECEMBER 10, 2024

According to AI at Wartons report on navigating gen AIs early years, 72% of enterprises predict gen AI budget growth over the next 12 months but slower increases over the next two to five years. That doesnt mean investments will dry up overnight. Many early gen AI wins have centered around productivity improvements.

Sales 143

Sales Metrics Data-driven Measurement 143

CIO Business Intelligence

DECEMBER 8, 2022

Here’s a proposition to consider: among the ranks of large enterprises, commercial success increasingly relies on digital transformation. In turn, digital transformation relies on modernized enterprise networks that deliver flexibility, performance and availability from the edge to the cloud.

Digital Transformation 145

Digital Transformation Reporting Risk Cost-Benefit 145

CIO Business Intelligence

OCTOBER 17, 2024

While tech debt refers to shortcuts taken in implementation that need to be addressed later, digital addiction results in the accumulation of poorly vetted, misused, or unnecessary technologies that generate costs and risks. million machines worldwide, serves as a stark reminder of these risks.

Risk 108

Risk Experimentation Testing Strategy 108

David Menninger's Analyst Perspectives

DECEMBER 31, 2024

Enterprises that adopt RPA report reductions in process cycle times and operational costs. ISG Research asserts that by 2026, over two-thirds of enterprises will standardize on a single digital platform for workflow automation and will deploy intelligent automation technologies to eliminate redundant manual work.

Cost-Benefit 130

Cost-Benefit Data-driven Enterprise Business Objectives 130

CIO Business Intelligence

OCTOBER 10, 2024

This includes minimizing the risks associated with AI bias, guaranteeing transparency in AI decision-making and addressing energy consumption in blockchain networks. Blockchain’s decentralized and immutable nature makes it an ideal solution for improving compliance and building trust in ESG reporting.

Metrics 124

Metrics Optimization Strategy Technology 124

CIO Business Intelligence

OCTOBER 13, 2022

While pandemic-driven digital transformation has enabled the media and entertainment industry to stream awesome content 24/7 – digital technology is also safeguarding visitors, performing artist, and crew at the Eurovision Song Contest by monitoring their Covid-19 exposure levels in real time. So, how does it work?

Risk 98

Risk Broadcasting Dashboards Recreation/Entertainment 98

CIO Business Intelligence

NOVEMBER 12, 2024

We know with the benefit of hindsight that under-investing in digital transformation meant leaving money on the table. The risk is exemplified by the case of an executive canceling Microsoft Copilot subscriptions supposedly because “he compared the slide-generation capability of Microsoft’s AI tools to ‘middle school presentations.’”

ROI 72

ROI Uncertainty Metrics Testing 72

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 143

Digital Transformation Cost-Benefit ROI Risk 143

IBM Big Data Hub

APRIL 29, 2024

As fintechs race to keep up with the needs of their customers and co-create with larger financial institutions, they can leverage AI and hybrid cloud solutions to drive true digital transformation and meet these evolving demands. “It’s critical financial institutions consider how they can best mitigate risk.

Digital Transformation 70

Digital Transformation Risk Finance Modeling 70

Rocket-Powered Data Science

OCTOBER 16, 2020

The 2020 year of the pandemic has forced organizations to speed up their digital transformation and advanced technology adoption plans, essentially compressing several years of anticipated developments into several months. 4) Only 26% of respondents reported that AI technologies are being used to replace human labor.

Strategy 198

Strategy Insurance Snapshot Digital Transformation 198