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

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

AUGUST 30, 2023

Corporate projects are classically evaluated on standard matrices such as return on investment (ROI), break-even period, and capital invested. But as organizations look to quickly leverage the power of emerging digital technologies for business growth, such an approach is falling short on expectations.

Digital Transformation 105

Digital Transformation Experimentation ROI Risk 105

CIO Business Intelligence

SEPTEMBER 5, 2024

Yet it’s rare for any business leader not to say they wish they had a better ROI from their cloud spend. Using modern delivery practices, CIOs can optimize cloud operations with greater visibility into risk controls and vulnerabilities to encourage proactivity in addressing risks and defects, with a focus on value instead of capabilities.

ROI 126

ROI IT Risk Strategy 126

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. So they’ll be patient when it comes to ROI.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

CIO Business Intelligence

AUGUST 1, 2023

Digital transformation must be a core organizational competency. The impact of generative AIs, including ChatGPT and other large language models (LLMs), will be a significant transformation driver heading into 2024. Improving customer support is a quick win for delivering short-term ROI from LLMs and AI search capabilities.

Digital Transformation 98

Digital Transformation Unstructured Data Strategy Data Science 98

CIO Business Intelligence

DECEMBER 15, 2022

To bring sustainability home, IVL sought to maximize the efficiency of its plants through digital transformation by replacing data silos with a single data source that would revolutionize enterprise asset management (EAM). This disparity could lead to minor or even catastrophic chemical releases. “In

Risk 98

Risk Digital Transformation Software ROI 98

CIO Business Intelligence

JULY 5, 2024

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.

ROI 124

ROI Experimentation Risk Cost-Benefit 124

CIO Business Intelligence

DECEMBER 10, 2024

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 risk management objectives.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

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

CIO Business Intelligence

AUGUST 6, 2024

Talk about digital transformation.” Tie tech debt to other projects An IT modernization and digital transformation angle for replacing old software and hardware can be a compelling argument, says Tim Beerman, CTO at IT services firm Ensono. One way to frame the need to address tech debt is to tie it to IT modernization.

IT 141

IT Digital Transformation ROI Consulting 141

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.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

CIO Business Intelligence

MARCH 6, 2024

While time is of the essence for companies in this transformation process, cybersecurity must not be an afterthought. An explosion of OT assets As digital transformation has built momentum, manufacturers have rapidly increased the number of OT assets connected to their internal networks.

Manufacturing 126

Manufacturing Cost-Benefit ROI IoT 126

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. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

CIO Business Intelligence

MAY 1, 2024

Ingesan, a subsidiary of the OHLA Infrastructure Group, the Madrid-based construction and concession management multinational, has launched the Empath-IA project, a joint initiative between HR management and the digital transformation division that aims to address the increasingly competitive demands and complexities in HRM.

Digital Transformation 105

Digital Transformation ROI Metrics Measurement 105

CIO Business Intelligence

APRIL 24, 2024

But the partnership seeks to go beyond Cognizant’s internal use, with Microsoft and Cognizant teaming up to promote generative AI use across Cognizant’s global client base through the advisory and digital transformation services arm of Cognizant’s business. Generative AI, IT Consulting Services

Enterprise 128

Enterprise Digital Transformation Consulting Uncertainty 128

CIO Business Intelligence

JULY 26, 2024

Despite digital transformation 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.

Digital Transformation 143

Digital Transformation Cost-Benefit Data Processing Risk 143

CIO Business Intelligence

MARCH 19, 2025

Additionally, Deloittes ESG Trends Report highlights fragmented ESG data, inconsistent reporting frameworks and difficulties in measuring sustainability ROI as primary challenges preventing organizations from fully leveraging their data for ESG initiatives. Chitra Sundaram is the practice director of data management at Cleartelligence, Inc.

IT 59

IT Data Governance Data-driven Metrics 59

CIO Business Intelligence

MAY 9, 2022

Enterprise transformation demands technology to work and people to adopt it. The “people” component of enterprise transformation can make or break digital transformation. While strong ROI is compelling, so is the fact that people issues are one of the top enterprise risks.

Technology 97

Technology ROI Metrics Digital Transformation 97

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

CIO Business Intelligence

MAY 13, 2024

The study identified the top CEO priorities as, among others, leading digital transformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI. 1 mandate to for CIOs to lead digital transformation. Business IT Alignment, Digital Transformation, IT Strategy

IT 131

IT Digital Transformation ROI Strategy 131

CIO Business Intelligence

AUGUST 16, 2022

For example, a real estate project of 100,000 square feet could net $1 million in add-on revenues over five years from digital twin-related services, and nearly 80% of an asset’s lifetime value is realized in operations. Digital twin use cases and ROI. This saves time and greatly reduces injury risk.

Visualization 145

Visualization Cost-Benefit IoT Digital Transformation 145

CIO Business Intelligence

MAY 9, 2023

Like most CIOs you’ve no doubt leaned on ROI, TCO and KPIs to measure the business value of your IT investments. Of late, concerns about the public “cloud-first” approach have emerged to challenge business value and skewer ROI, TCO and KPIs. Maybe you’ve even surpassed expectations in each of these yardsticks.

ROI 126

ROI Cost-Benefit KPI Uncertainty 126

Anmut

APRIL 6, 2021

Enterprise digital transformation and data. Most organisations undergoing a digital transformation understand that data is critical, but how many are actually managing data as an asset ? Your digital transformation initiatives fail. How data assets help enterprise digital transformation initiatives succeed.

Digital Transformation 52

Digital Transformation Enterprise Data Quality Data-driven 52

CIO Business Intelligence

MAY 11, 2022

Companies that do not anchor to brand purpose run the risk of spending millions on technologies that do not align to what customers care about. Otherwise, risks include lags in response time, a shortfall in anticipating customer needs, a reduction in customer trust and damage to the CX. Implement change enablement. Bryan Comite.

Digital Transformation 105

Digital Transformation ROI Risk Optimization 105

erwin

OCTOBER 8, 2020

And you can’t risk false starts or delayed ROI that reduces the confidence of the business and taint this transformational initiative. More and more companies are looking at cloud migration. No less daunting, your next step is to re-point or even re-platform your data movement processes.

Data Governance 145

Data Governance Metadata Testing Data Lake 145

CIO Business Intelligence

SEPTEMBER 24, 2024

Organizationally, Wiedenbeck is a member of Ameritas’ AI steering committee, called the “mission team,” which includes the legal and risk officers, along with the CIO. To avoid this risk, Ameritas is not yet applying AI to either underwriting or direct customer interaction. “We Here is your chance to be that leader.”

IT 130

IT Insurance Cost-Benefit Risk 130

CIO Business Intelligence

JULY 8, 2024

According to its spring 2024 AI Adoption and Risk Report , 74% of ChatGPT usage at work is through noncorporate accounts, 94% of Google Gemini usage is through noncorporate accounts, and 96% for Bard. Those reasons seem to make sense, Chandrasekaran acknowledges, but they don’t justify the risks that shadow AI creates for the organization.

Risk 136

Risk Strategy Technology Modeling 136

Anmut

APRIL 6, 2021

“Data is the new corporate currency” This phrase is regularly thrown around but most organisations are not connecting the dots, failing to see their data as a tangible asset in order to help their digital transformation efforts succeed.?. Your digital transformation initiatives fail. The result? The answer?

Digital Transformation 52

Digital Transformation Data Quality Data-driven ROI 52

CIO Business Intelligence

SEPTEMBER 11, 2023

This “positions us to adapt effectively to the shifting business landscape, making the most of digital transformation and remote work arrangements.” The focus of his doctorate work was on how legacy companies effectively drive digital transformation with a focus on leadership processes and leadership digital acuity.

Digital Transformation 135

Digital Transformation ROI Strategy Data Science 135

CIO Business Intelligence

APRIL 6, 2022

He added: “The strategy around cloud is not ROI on a case-by-case basis. Michael Riecica, director of security strategy and risk in Rockwell Automation ’s Chief Information Security Office, will drill into the security aspects of cloud strategy. Jackson, CEO of GlobalNet and the host of Digital Transformers.

B2B 131

B2B Strategy Digital Transformation ROI 131

CIO Business Intelligence

AUGUST 27, 2024

A staged approach enables risk mitigation and resource optimization and ensures modernization efforts bolster operational efficiency and competitive advantage. Plan: Develop a detailed road map considering dependencies, resources, and risk mitigation strategies. Now, let’s delve into the concrete steps and strategies.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

CIO Business Intelligence

DECEMBER 13, 2024

CIOs are under intense pressure to deliver massive digital transformation initiatives with limited resources under tight time constraints. Project Management Offices (PMOs) find that process intelligence helps define clearer program scope, reducing the risk of scope creep and budget overruns.

Data-driven 98

Data-driven Digital Transformation ROI Risk 98

CIO Business Intelligence

MAY 9, 2023

With this objective in mind: Determine your organization’s innovation appetite (versus its risk appetite; it is too early to speak of ROI in the metaverse). Successful companies stay focused on delivering products and services in any technology context. Are we trying to improve efficiency?

Digital Transformation 105

Digital Transformation Business Objectives ROI Manufacturing 105

CIO Business Intelligence

JULY 24, 2024

According to IDC’s April 2024 Future Enterprise Resiliency and Spending Survey, Wave 4 , companies are increasingly allocating budgets to explore technologies like generative AI, with 53% increasing IT budgets and 30% shifting budgets from digital transformation. This strategy enables course corrections and mitigates risks.

Technology 98

Technology Experimentation Cost-Benefit Digital Transformation 98