CIO Business Intelligence

OCTOBER 30, 2023

The past decade in IT has been all about digital transformation. Transformations once envisioned to be a two- or three-year journey, to catch up or get ahead, have become a continuous journey with no end in sight. The philosophy behind adaptive systems is more about innovation than risk management.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

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. But there are lesser-known, less obvious attributes of a successful digital program.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

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

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

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Digital Transformation Metrics Enterprise Optimization 140

CIO Business Intelligence

NOVEMBER 13, 2023

So if you are seeking to lead transformational change at your organization, it’s worth knowing the 10 most common reasons why digital transformation fails and what you as an IT leader can learn from those failures. Resistance to change Change is hard, and digital transformation requires a lot of it.

Digital Transformation 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

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.

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Digital Transformation IT Data-driven Data Quality 141

CIO Business Intelligence

MARCH 26, 2024

When you’re guiding a large enterprise on a complex, long-term digital transformation journey, it can be very difficult to know which near-term steps will get you most rapidly to your desired destination. Cox Automotive Within Cox Automotive, the use of VSM has been instrumental in achieving success in digital transformation.

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Digital Transformation Management Optimization Enterprise 131

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 survey also revealed that digital transformation initiatives are tightly aligned with VSM.

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Digital Transformation Management Reporting Data-driven 145

CIO Business Intelligence

JUNE 16, 2022

It’s essential for business leaders to monitor work, track progress, and steer execution on a continuous basis with full visibility into potential risks and impacts, so priorities and allocations remain aligned with changing demands. Digital Transformation You can’t just set the plan for a quarter and forget it.

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Digital Transformation Statistics Sales Measurement 141

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.

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Digital Transformation Uncertainty Testing Enterprise 130

Jen Stirrup

SEPTEMBER 13, 2024

Digital transformation and climate change initiatives have similarities despite having different foci. Digital transformation focuses on integrating digital technologies into all business areas, fundamentally changing how the organisation operates and delivers value to customers.

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Digital Transformation Technology Modeling Risk 98

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.

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Digital Transformation Manufacturing Software Management 144

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.

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Digital Transformation Insurance Recreation/Entertainment Machine Learning 136

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?

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Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

OCTOBER 10, 2024

At the helm of the Center’s technological evolution is Dr. Fahad Almoqhim, Chief Information Officer (CIO), who has been instrumental in leading the center’s digital transformation. Dr. Almoqhim has spearheaded several transformative initiatives during his tenure. “We

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Digital Transformation IoT Business Intelligence Testing 121

CIO Business Intelligence

SEPTEMBER 26, 2024

Cybersecurity and systemic risk are two sides of the same coin. As we saw recently with the CrowdStrike outage, the interconnected nature of enterprises today brings with it great risk that can have a significant negative effect on any company’s finances. This should be no surprise since the global average cost of a data breach is $4.88

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Risk Reporting Digital Transformation Enterprise 132

CIO Business Intelligence

OCTOBER 4, 2023

User data is also housed in this layer, including profile, behavior, transactions, and risk. We’ve been working on this for over a decade, including transformer-based deep learning,” says Shivananda. Artificial Intelligence, Digital Transformation, Emerging Technology, Innovation, Payment Systems

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Digital Transformation Deep Learning Data Lake Risk 132

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.

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Digital Transformation IT Cost-Benefit Software 111

CIO Business Intelligence

JULY 18, 2024

What steps can be taken to minimize the risk of hackers penetrating the mainframe? Add to that the rise of open-source software among mainframe developers, and proactively working to stamp out any security risks becomes even more critical. Mainframes are under more pressure than ever before.

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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. Hire the right architects.

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Risk Management Risk Management Digital Transformation 118

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.” When it comes to security, though, agentic AI is a double-edged sword with too many risks to count, he says. “We That means the projects are evaluated for the amount of risk they involve.

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Risk Insurance Cost-Benefit Software 136

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. Assume unknown unknowns.

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Risk Experimentation Testing Strategy 108

CIO Business Intelligence

OCTOBER 8, 2024

You risk adding to the hype where there will be no observable value. The learning phase Two key grounding musts: Non-mission critical workloads and (public) data Internal/private (closed) exposure This ensures no corporate information or systems will be exposed to any form of risk.

Risk 124

Risk Technology Cost-Benefit Internet of Things 124

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.

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Enterprise Digital Transformation Cost-Benefit Risk 145

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.

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Digital Transformation Reporting Risk Cost-Benefit 145

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.

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Measurement Digital Transformation KPI Metrics 141

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.

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Digital Transformation Cost-Benefit ROI Risk 143

CIO Business Intelligence

APRIL 21, 2022

Each must be committed to the agile/digital transformation and must communicate that support clearly throughout the transformation journey. . Business and technology leaders must be committed to the Agile/digital transformation and must communicate this support clearly and continually throughout the transformation process.

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Digital Transformation Key Performance Indicator Risk Testing 145

CIO Business Intelligence

APRIL 16, 2024

The implementation of digital transformation has been underway, but moving slowly for over a decade. Inherent risks with GenAI can be greatly mitigated Traditional manufacturing techniques are good at mitigating risks. However, despite the benefits of GenAI, there are some areas of risk. Data privacy and security.

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Manufacturing Digital Transformation Risk Dashboards 142

CIO Business Intelligence

AUGUST 20, 2024

As many organizations were accelerating digital transformation initiatives, the higher-performing teams excelled at change management and agile planning practices. CIOs have a new opportunity to communicate a gen AI vision for using copilots and improve their collaborative cultures to help accelerate AI adoption while avoiding risks.

IT 141

IT Digital Transformation Experimentation Risk 141

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.

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Digital Transformation Consulting Cost-Benefit Marketing 141

O'Reilly on Data

MARCH 26, 2024

It’s ironic that, in this article, we didn’t reproduce the images from Marcus’ article because we didn’t want to risk violating copyright—a risk that Midjourney apparently ignores and perhaps a risk that even IEEE and the authors took on!)

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Modeling Machine Learning Risk Advertising 308

CIO Business Intelligence

MARCH 15, 2023

In reality, generative AI presents a number of new and transformed risks to the organization. A second, more pernicious risk is the fact that ChatGPT can write malware. It’s vitally important, of course – but it’s only one of the many risks CIOs must mitigate. Such is the nature of cybersecurity risk management.

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Digital Transformation Risk Risk Management Strategy 126

CIO Business Intelligence

JANUARY 19, 2023

More importantly, the company’s push toward digital transformation required that IT speed up its decision-making processes. That’s a problem when you’re digitizing the business, says Joe Atkinson, chief products and technology officer at PwC. Royal Caribbean’s Poulter sees teamwork as an essential component of risk reduction.

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Testing Digital Transformation Risk Management 134

CIO Business Intelligence

JULY 16, 2024

If you’re not yet an agent of change at your organization, your career as CIO may be at risk of falling behind. Deloitte breaks CIOs into two categories, defining CIOs who are change agents, enable transformation and innovation, and take risks as “contemporary CIOs.”

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Digital Transformation Risk Consulting Technology 128

CIO Business Intelligence

SEPTEMBER 13, 2023

Years into digital transformation, and decades into the IT function itself, many CIOs still fall short when it comes to innovation. Indeed, 50% of C-suite execs surveyed for a 2023 report on digital transformation from fintech company Broadridge admitted they struggle to balance innovation with daily tasks.

IT 136

IT Digital Transformation Risk Cost-Benefit 136

CIO Business Intelligence

OCTOBER 18, 2023

And for the past eight years, in an environment that’s increasingly changing and demanding, it’s been on a digital transformation journey to refine its customer service and generate proposals more adapted to its needs. Artificial Intelligence, Change Management, Digital Transformation, Insurance Industry, IT Strategy

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Insurance Digital Transformation Interactive Sales 128