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The past decade in IT has been all about digitaltransformation. 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 riskmanagement.
So the organization as a whole has to have a clear way of measuring ROI, creating KPIs and OKRs or whatever framework theyre using. What ROI will AI deliver? Manry is mindful that some AI deployments will deliver modest ROIs and others will deliver significant returns. Am I engaging with the business to answer questions?
Over the past year, the focus on riskmanagement has evolved significantly, says Meerah Rajavel, CIO of Palo Alto Networks. With the increasing sophistication of cyber threats and the accelerated pace of digitaltransformation, organizations must be more proactive in identifying and mitigating risks.
Karen Higgins-Carter, previously CIO of Webster Bank, joined Gilbane just over a year ago as CDIO with the responsibility of digitallytransforming this 153-year-old business. We’re in an industry that is ripe for transformation,” says Higgins-Carter, pictured above, center. So they’ll be patient when it comes to ROI.
Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. To drive gen-AI top-line revenue impacts, CIOs should review their data governance priorities and consider proactive data governance and dataops practices that go beyond riskmanagement objectives.
Integrated riskmanagement (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Provide a full view of business operations by delivering forward-looking measures of related risk to help customers successfully navigate the COVID-19 recovery.
This is why many enterprises are seeing a lot of energy and excitement around use cases, yet are still struggling to realize ROI. So, to maximize the ROI of gen AI efforts and investments, it’s important to move from ad-hoc experimentation to a more purposeful strategy and systematic approach to implementation.
The study identified the top CEO priorities as, among others, leading digitaltransformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI. 1 mandate to for CIOs to lead digitaltransformation. Business IT Alignment, DigitalTransformation, IT Strategy
Despite digitaltransformation being a highly effective way to further develop the long-term business model, it can be a very drawn-out and arduous process. And more than 22% of respondents are still asking themselves about the benefits or ROI after they’ve started their cloud journey.
Most data management conferences and forums focus on AI, governance and security, with little emphasis on ESG-related data strategies. If sustainability-related data projects fail to demonstrate a clear financial impact, they risk being deprioritized in favor of more immediate business concerns.
To bring sustainability home, IVL sought to maximize the efficiency of its plants through digitaltransformation by replacing data silos with a single data source that would revolutionize enterprise asset management (EAM). Indorama Ventures was a finalist in the 2022 SAP Innovation Awards Program.
Learning to present cyber needs through a riskmanagement lens, with a clear financial outlook, is a great place to start,” suggests Tommy Gardner, CTO of government technology and services provider HP Federal. The combination of a strong expert opinion backed by data is a powerful one and will elevate the CIO role.”.
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
-based venture capital firm Sequoia Capital and Houston, Texas-based waste management and environmental services provider WM are making it a priority to finish what was started and refine processes to ensure optimal ROI. This year’s research also confirmed CIOs’ dominant leadership role in defining and spearheading digital innovation.
A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches. DigitalRiskManagement – Gartner. Doing so will allow for a proper ROI analysis detailing the potential for profit maximization.
In 2012, COBIT 5 was released and in 2013, the ISACA released an add-on to COBIT 5, which included more information for businesses regarding riskmanagement and information governance. For organizations embarking on digitaltransformation , COBIT helps navigate the complexities of IT compliance, regulation, and governance.
As data continues to grow at an exponential rate, our customers are increasingly looking to advance and scale operations through digitaltransformation and the cloud. Grow: flexibility and control allowing customers to manage costs and auto-scale and suspend or resume execution. The Power of Two.
Looking beyond governance, George shares the five strategic priorities business leaders should keep in mind to capitalise on the AI opportunity: Riskmanagement: Organisations should prioritise building governance frameworks to align AI initiatives with legal, ethical, and operational standards, ensuring risk is managed proactively.
A few years ago, the leadership realized that the banking industry is going to be dominated by great tech companies that managerisk exceptionally well. Riskmanagement was always one of the core foundations of the company. I joined Capital One 10 years ago, at the cusp of its digitaltransformation.
Value Management or monetization. RiskManagement (most likely within context of governance). Product Management. Saul Judah is our main person focusing on D&A riskmanagement. I am not totally sure I know what you mean with KRM but I believe you mean Key RiskManagement indicators.
“We recognized AI’s potential to revolutionize the digital landscape and understood that the conventional SOC model needed to evolve.” We are looking for good ROI use cases for AI, and we saw this as a worthy use case to chase,” he adds. So, from a software development perspective, the ROI is huge. million. “The
Success depends on understanding data needs, measuring ROI, fostering organizational AI fluency and partnering with ethically aligned ecosystems. To succeed in todays fast-paced business landscape, IT leaders must skillfully blend innovation with strategic riskmanagement.
This change affects the entire IT architectural stack and impacts everything youre currently doing from business transformation to digitaltransformation and more. So here are five ways CIOs can begin to manage AI proliferation and foster a culture of responsible innovation across the enterprise.
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