CIO Business Intelligence

DECEMBER 10, 2024

For example, developers using GitHub Copilots code-generating capabilities have experienced a 26% increase in completed tasks , according to a report combining the results from studies by Microsoft, Accenture, and a large manufacturing company.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

Smart Data Collective

JUNE 23, 2022

Chip shortages, among other components, have fueled a steep increase in car prices, as much as USD$900 above the manufacturer-suggested retail price (MSRP) for non-luxury cars and USD$1,300 above MSRP for luxury ones. . The cars themselves are valuable sources of data, an estimated 25 GB that can help manufacturers understand trends more.

Analytics 132

Analytics Manufacturing Internet of Things Advertising 132

John Wheeler

SEPTEMBER 15, 2020

However, the COVID-19 recovery will be grounded in how business operations in industries as varied as manufacturing, transportation, retail, healthcare, life sciences, energy, etc. As the recovery efforts fully take hold in 2021, a deep understanding of the integrated nature of risks associated with business operations will take center stage.

Risk Management 52

Risk Management Risk Management Business Objectives 52

Smart Data Collective

JUNE 19, 2022

The availability of materials can cause failures, as suppliers cannot manufacture products when they lack the resources to do so. Undoubtedly, the best way to mitigate the risks associated with suppliers is with a robust supplier risk management system. This is one area that can be partially resolved with AI.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

Cloudera

AUGUST 12, 2021

In a 2021 white paper titled “Data Excellence: Transforming manufacturing and supply systems“ written by the World Economic Forum and the Boston Consulting Group, it documented that 75% of executives interviewed believed that advanced analytics in manufacturing was more important today than three years ago. Risk Management.

Data-driven 111

Data-driven Manufacturing Insurance Risk Management 111

CIO Business Intelligence

MARCH 12, 2024

When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time. CIOs can change this thinking by incorporating preemptive projects like disaster recovery into their corporate risk management strategies.

ROI 122

ROI IT Manufacturing Metrics 122

CIO Business Intelligence

MARCH 21, 2024

Those two efforts combined have enabled for the first time ever end-to-end visibility of McWane’s value chain for select businesses, from the manufacturing of products, through the sales process, all the way to recognizing revenue. IT Leadership, IT Strategy, Manufacturing Industry The Birmingham, Ala.-based

IT 111

IT Manufacturing Risk Management Risk 111

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

AUGUST 26, 2024

In sectors like finance, healthcare, and manufacturing, AI-driven solutions have already proven their worth by optimizing supply chains, improving risk management, and enhancing customer service. These capabilities are undeniably valuable.

Data-driven 114

Data-driven Manufacturing Data Warehouse Cost-Benefit 114

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

erwin

FEBRUARY 20, 2020

EA and BP modeling are both critical for risk management and regulatory compliance, a major concern for financial services customers like the one above when it comes to ever-changing regulations on money laundering, fraud and more. The Advantages of Enterprise Architecture & Business Process Modeling from erwin.

Enterprise 128

Enterprise Modeling Dashboards Visualization 128

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. And don’t stop with the formal boardroom.

Risk 141

Risk Testing Strategy Risk Management 141

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

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

CIO Business Intelligence

DECEMBER 19, 2023

Initiatives vary by industry and business strategy and may include smart manufacturing , digital health , e-government initiatives , sustainability programs , digital twins , and others. CIOs should look for other operational and risk management practices to complement transformation programs.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

Smart Data Collective

AUGUST 19, 2023

Lenders may make educated judgements with the assistance of Provenir’s credit decisioning and ensure the long-term viability of their lending operations by recognizing and properly managing credit risk. Benefits of Diversification in Credit Risk Management A more diverse lending portfolio might result in more consistent results.

Risk 98

Risk Data Analytics Analytics Finance 98

CIO Business Intelligence

OCTOBER 2, 2024

For instance, companies in sectors like manufacturing or consumer goods often leverage AI to optimize their supply chain. Companies need to ensure that these systems are designed to prevent risks and that their use of AI does not lead to unfair practices or safety issues. Quality control and manufacturing.

Gap analysis 119

Gap analysis Risk Manufacturing Data Governance 119

CIO Business Intelligence

JULY 4, 2022

The COO role, however, is more commonly found in companies that manufacture physical products, whereas the CAO role is better suited to companies focused on offering services. They’re responsible for overseeing projects such as choosing new technology upgrades, finding new plants for manufacturing, and overseeing physical supply chains. .

Manufacturing 98

Manufacturing Finance Reporting Risk Management 98

CIO Business Intelligence

JULY 5, 2022

The COO role, however, is more commonly found in companies that manufacture physical products, whereas the CAO role is better suited to companies focused on offering services. They’re responsible for overseeing projects such as choosing new technology upgrades, finding new plants for manufacturing, and overseeing physical supply chains. .

Manufacturing 97

Manufacturing Finance Reporting Risk Management 97

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

Jet Global

JUNE 25, 2021

These ERP-friendly tools address a critical challenge for many financial teams: how to efficiently access ERP data that spans a company’s operations from supply chain and manufacturing to sales and accounting to generate meaningful insights about a company’s performance. The key is to go deep.

Technology 95

Technology Finance Risk Management Manufacturing 95

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

DECEMBER 15, 2022

PET is a major industrial polymer used to manufacture the polyester fibers used in clothing, plastic bottles, and much more. About four years ago, IVL expanded the use of risk acceptance at its PNO facility in Texas to establish next-inspection plans. As such, it is the most widely recycled plastic in the world.

Risk 98

Risk Digital Transformation Software ROI 98

CIO Business Intelligence

DECEMBER 8, 2022

This is designed to help manufacturing, transportation and other industries accelerate sustainability initiatives and make data-driven decisions to reduce their carbon footprint and become more efficient through the intelligent use of IoT connectivity. Today’s complex challenges require ambitious solutions that can scale and evolve over time.

IoT 101

IoT ROI Cost-Benefit Risk 101

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

Smart Data Collective

FEBRUARY 2, 2021

FinTech, as a whole, relies mostly on Big Data , helping the industry overcome regulatory obstacles and create innovative solutions such as virtual banking assistants and risk management tools for trading. Public services. Until not that long ago, Government and public services were largely bureaucratic.

Big Data 106

Big Data Recreation/Entertainment Cost-Benefit Finance 106

IBM Big Data Hub

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Retail: Manage e-commerce platforms, customer data analytics and supply chain logistics, where data analysis often must occur at the edge.

Manufacturing 71

Manufacturing Business Objectives Optimization Data-driven 71

CIO Business Intelligence

OCTOBER 19, 2022

For a while at Stanley Black & Decker, the product group led the commercial technology roadmap, manufacturing led operations technology investments, and IT led business technology. We recognized that the company needed an enterprise view of digital risk, so my team has taken on that leadership role.

IT 124

IT Data Warehouse Digital Transformation Risk 124

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. Many are preparing a new world of developers as AI agents, with software development being closer to a manufacturing process.

Advertising 124

Advertising Cost-Benefit Experimentation Reporting 124

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

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

CIO Business Intelligence

MARCH 21, 2022

Security and risk management is the highest-ranked technology initiative commanding IT investment this year, cited by 45% of respondents. a manufacturer of specialty trucks and access equipment based in Oshkosh, Wis. Skyworks is both adopting a defensive posture (i.e., Anupam Khare Oshkosh Corporation At Oshkosh Corp.,

IT 131

IT Digital Transformation Consulting Manufacturing 131

IBM Big Data Hub

MARCH 20, 2024

This is evident from emerging regulatory requirements and expectations in UK (Bank of England’s Critical Third-Party regime), Europe (Digital Operational Resilience Act)), Australia (APRA CPS-230 Operational Risk Management) and Canada (OSFI – Operational Resilience and Operational Risk Management), etc.

Risk Management 72

Risk Management Risk Enterprise Business Services 72

IBM Big Data Hub

FEBRUARY 13, 2024

Outside consumer demand for traceability, new regulations may make it imperative for some businesses: the FDA’s Food Safety Modernization Act (FSMA) Rule 204 requires food companies that manufacture, process, pack or hold foods on the Food Traceability List (FTL) to use traceability systems and follow new record keeping requirements.

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

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. 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

MAY 18, 2022

That requires enterprise architects to work more closely with risk management and security staff to understand dependencies among the components in the architecture to better understand the likelihood and severity of disruptions and formulate plans to cope with them.

Enterprise 122

Enterprise Measurement Data-driven Software 122

CIO Business Intelligence

JUNE 8, 2023

The technology initiatives that are expected to drive the most IT investment in 2023 security/risk management, data/business analytics, cloud-migration, application/legacy systems modernization, machine learning/AI, and customer experience technologies. 91% of CIOs expect their tech budget to either increase or stay the same in 2023.

Strategy 98

Strategy Data-driven Business Objectives Interactive 98