Smart Data Collective

JUNE 19, 2022

Companies are using AI to better understand their customers, recognize ways to manage finances more efficiently and tackle other issues. Since AI has proven to be so valuable, an estimated 37% of companies report using it. AI is particularly helpful with managing risks.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

CIO Business Intelligence

DECEMBER 19, 2023

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Moreover, the CEOs and boards that CIOs report to don’t want to be left behind by generative AI, and many employees want to experiment with the latest generative AI capabilities in their workflows.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

MARCH 12, 2024

And 2024 looks to be that kind of year, with John-David Lovelock, distinguished VP analyst, reporting that “IT spending will be driven by more traditional forces, such as profitability, labor, and dragged down by a continued wave of change fatigue.” The average cost of a data breach is $4.64

ROI 122

ROI IT Manufacturing Metrics 122

CIO Business Intelligence

JULY 26, 2023

While implementing effective strategies that harness automation and security technology remain critical, the most successful organizations tackle complex security challenges by involving different organizational disciplines in the risk-management problem statement. involved in the risk management process.

Enterprise 98

Enterprise Risk Management Risk Manufacturing 98

CIO Business Intelligence

JULY 4, 2022

CAOs are responsible for managing an organization’s finances as well as creating goals, policies, and procedures for the company to help it operate more efficiently and compliantly. They typically report directly to the CEO and act as a go-between for other senior-level management and the CEO.

Manufacturing 98

Manufacturing Finance Reporting Risk Management 98

CIO Business Intelligence

SEPTEMBER 18, 2024

Julie Ragland was CIO of vehicle manufacturing company Navistar, and has held IT leadership roles at Adient and Johnson Controls. To Ragland, who also sits on several state agency and non-profit boards, one of the greatest responsibilities for today’s boards is in governing cyber security risk. Should we pay a ransom?

Risk 141

Risk Testing Strategy Risk Management 141

CIO Business Intelligence

JULY 5, 2022

CAOs are responsible for managing an organization’s finances as well as creating goals, policies, and procedures for the company to help it operate more efficiently and compliantly. They typically report directly to the CEO and act as a go-between for other senior-level management and the CEO.

Manufacturing 97

Manufacturing Finance Reporting Risk Management 97

CIO Business Intelligence

APRIL 12, 2022

The supply chain havoc caused by the coronavirus pandemic has left an indelible mark on the minds (and businesses) of manufacturers, wholesalers, dealers and retailers. And it has quite some catching up to do – the smart manufacturing industry is set to grow from $250 billion in 2021 to $658 billion in 2029.

IoT 105

IoT Analytics Manufacturing Internet of Things 105

CIO Business Intelligence

OCTOBER 2, 2023

Chocolate is my favorite management tool,” says Friedman, who is CEO and principal of smart manufacturing at Connektedminds, a Toronto-based IT advisory group. A manufacturing industry veteran, Friedman came up through the ranks at IBM, Bristol Meyers Squibb, pharma giant GlaxoSmithKline, and Celestica.

Digital Transformation 144

Digital Transformation Manufacturing Software Management 144

DataRobot

OCTOBER 5, 2021

Throughout history, introducing innovations in fields like aviation and nuclear power to society required robust risk management frameworks. AI is no different, and by its nature, it demands a comprehensive approach to governance utilizing risk management.

Risk Management 95

Risk Management Testing Risk Data Science 95

Jet Global

JUNE 25, 2021

Enter insightsoftware, a leading provider of financial reporting and enterprise performance management software. With tools that are efficient, flexible, and highly secure, insightsoftware is the financial reporting resource of choice for over 25,000 organizations worldwide. “We

Technology 95

Technology Finance Risk Management Manufacturing 95

CIO Business Intelligence

JUNE 14, 2022

A recent report from Alation and Wakefield Research found that 71% of data leaders are “less than very confident” that their company’s leadership sees a link between investing in data and analytics and staying ahead of the competition, with 51% expecting to get half or less of the amount they say they need.

Data Transformation 145

Data Transformation Data-driven Data Strategy Strategy 145

Ontotext

APRIL 6, 2023

Manufacturing and Industry 4.0 For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. As we have seen, many leading auto part makers and car manufacturers use knowledge graphs to improve their operations. And that’s not all. Some of the top U.S.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

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. While that’s a limitation, there are reports of promised functionality not yet available.

Advertising 124

Advertising Cost-Benefit Experimentation Reporting 124

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. billion industrial manufacturing company headquartered in Chicago, says Ron Mathis, corporate IT operations director.

IT 132

IT Insurance Cost-Benefit Risk Management 132

CIO Business Intelligence

JANUARY 22, 2024

trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue. As a result, companies find it increasingly difficult to manage their attack surface at the speed and scale necessary to prevent attacks.

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

CIO Business Intelligence

SEPTEMBER 30, 2024

CIO.com / Foundry They also cited AI/ML capabilities in specific areas — such as risk management, fraud detection, smart manufacturing, predictive maintenance, quality control, and personalized employee engagement — as fueling transformation.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

Smart Data Collective

FEBRUARY 2, 2021

In a report titled Analytics: The real-world use of big data in retail , IBM found that 62% of retail leaders were able to create a competitive advantage thanks to data analytics and predictions. These are just seven of the industries that have reported astronomic growth in past years thanks to Big Data, but they’re not the only ones.

Big Data 106

Big Data Recreation/Entertainment Cost-Benefit Finance 106

CIO Business Intelligence

OCTOBER 3, 2024

It’s the data they create, maintain, and manage that becomes the strategic model and potential new source of business models going forward,” says Chiraq Degate, analyst at Gartner. Many enterprise core data assets in financial services, manufacturing, healthcare, and retail rely on mainframes quite extensively.

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

CIO Business Intelligence

APRIL 15, 2024

A smaller number (16% of IT leaders and 11% of LOB) sought out CIO consultation to help evaluate and advise on choices using a risk management or governance lens. On average, companies are reporting a 17% budget hike, slightly more than the 15% reported in the prior two years.

Digital Transformation 130

Digital Transformation Strategy Technology Enterprise 130

Cloudera

OCTOBER 28, 2021

For example, the types of data sourced from other industries that we can use in the underwriting process include: Manufacturing – sensors (for quality, safety and maintenance-related). Retail – location (and associated risk), type of equipment used, inventory sensors, supply chain data, hours of operation.

Insurance 97

Insurance Risk Unstructured Data Data-driven 97

CIO Business Intelligence

MAY 13, 2024

Overall, IT projects are meant to create a leaner, more profitable company, says Bilker, CIO of manufacturer Lift Solutions Holding. Other reports also highlight the strong CEO interest in AI. To do that, Bilker and his IT team are bringing its disparate data sets together in a data lakehouse.

IT 131

IT Digital Transformation ROI Strategy 131

CIO Business Intelligence

MARCH 22, 2022

Pujari has over 25 years of experience across sectors including BFSI, manufacturing, consulting, publishing, airlines, and healthcare. At Fractal, Tiwari will be responsible for the company’s digital transformation and overseeing IT operations, cybersecurity, and risk management. . He will be based in Gurugram.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

CIO Business Intelligence

MARCH 27, 2023

Nearly half (49%) of IT leaders participating in this year’s research report directly to the CEO, and CIOs themselves have retained oversight of some of the newer C-level positions. Chief security officers and chief analytics officers are also more likely to report into IT leadership.

Strategy 109

Strategy Digital Transformation Insurance Technology 109

CIO Business Intelligence

DECEMBER 29, 2023

The demand for these types of capabilities will drive roadmaps as organizations seek to use generative AI in more use cases focused on addressing exceptions in processes, including client support, manufacturing, service execution, and operations, he says.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode.

Strategy 98

Strategy Risk Enterprise Risk Management 98

IBM Big Data Hub

FEBRUARY 13, 2024

To have the greatest impact, generative design must be integrated throughout the product development cycle, from the initial concept to manufacturing and procurement. Fraud detection and risk management : Generative AI can quickly scan and summarize large amounts of data to identify patterns or anomalies.

Enterprise 118

Enterprise Testing Modeling Data-driven 118

CIO Business Intelligence

APRIL 19, 2023

Against this backdrop of preparation for conflict, a new study by the Center for European Policy Analysis (CEPA) highlights how the world’s reliance on Taiwan’s semiconductor manufacturing capabilities exposes it to critical supply-chain vulnerabilities. Instead, they rely on contract manufacturers known as foundries to make their chips.

IT 52

IT Manufacturing Risk Risk Management 52

IBM Big Data Hub

DECEMBER 15, 2023

The company even reduces waste through recycling returns and other sustainable materials during the manufacturing phase. Unilever is not only cutting their plastic usage, but also fighting against food waste in their manufacturing. Patagonia uses eco-friendly materials when creating their products and packaging.

Consulting 65

Consulting Manufacturing Strategy Risk Management 65

CIO Business Intelligence

APRIL 1, 2022

All too often, executives look at value chains exclusively through the lens of risk management and economic value, not realizing that sustainability can—and should—also be a part of the equation. Reducing ethical sourcing risks. They’re willing to pay more for products made by companies that reflect their values.

Cost-Benefit 52

Cost-Benefit Risk Risk Management Manufacturing 52

Alation

AUGUST 17, 2022

And while IT should never be the data owner for business data, research from Digital Trailblazer author and former CIO Isaac Sacolick shows that 40 percent of business leaders “just want IT to fix the data and deliver reports.” It’s a lot easier in manufacturing, more difficult elsewhere. Enterprise risk management.

Data Governance 92

Data Governance Risk Data-driven Measurement 92

bridgei2i

MAY 4, 2020

So businesses here are focusing on plans for supply chains, for facilities, governance, reporting – so that they can react quickly once all of the economic activity resumes. Risk management, of course, is more relevant than ever, monitoring exposure to internal and external signals now. Every aspect of life.

Enterprise 91

Enterprise Digital Transformation Sales Recreation/Entertainment 91

IBM Big Data Hub

MAY 17, 2024

According to a recent report from the IBM Institute for Business Value , half of CEOs are integrating generative AI into products and services. A report from the IBM Institute of Business Value found that there’s enormous room for improvement in the customer experience.

B2B 64

B2B Interactive Optimization Data-driven 64

Jet Global

NOVEMBER 12, 2020

Material requirements planning (MRP), for example, helps manufacturing companies become more efficient by calculating the quantity of raw materials needed to meet production targets, which, in turn, must be sufficient to meet customer demand. Risk and Compliance Is a Perpetual Worry. ERP drives efficiencies in many other ways as well.

Software 52

Software Sales Risk Management 52

BizAcuity

MARCH 31, 2022

Not just banking and financial services, but many organizations use big data and AI to forecast revenue, exchange rates, cryptocurrencies and certain macroeconomic variables for hedging purposes and risk management. AI comes handy for managing inventory, manufacturing, production and marketing. AI in Ecommerce.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

Andrew White

JANUARY 11, 2021

What is unique about the D&A Leadership Vision is that it crossed over into business since for many organizations, the CDO reports into the CEO or COO (as examples). The fill report is here: Leadership Vision for 2021: Data and Analytics. How do you think Technology Business Management plays into this strategy? Governance.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. Management. The Impact of COVID-19 on Financial Services & Risk Management. Call it you know financial reporting processes that need to be automated for large enterprises, etc. PODCAST: COVID 19 | Redefining Digital Enterprises. Listen Now.

Risk Management 128

Risk Management Risk Enterprise Management 128