CIO Business Intelligence

FEBRUARY 20, 2024

In the face of increased competition, shrinking profit margins, and increasing ESG obligations, manufacturers are looking for ways to make products better, faster, and with less waste. As the manufacturing sector evolves in these and other ways, generative AI tools like Microsoft Copilot will come into their own. Product optimisation.

Manufacturing 98

Manufacturing Sales Risk Management Forecasting 98

Smart Data Collective

AUGUST 19, 2023

Risk is an ever-present companion in the world of finance. Understanding and managing risk is critical whether you are an individual investor , a financial institution, or a multinational organization. Credit risk is one of the most critical hazards that banks and financial organizations face.

Risk 98

Risk Data Analytics Analytics Finance 98

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

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

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

MAY 15, 2019

On the other hand, big data has created a number of security risks that they need to be aware of, especially with brands leveraging Hadoop technology. Big data has created a number of security risks for Bluetooth users. Bluetooth Security Risks in the Age of Big Data. The best way to reduce the risk is to turn Bluetooth off.

Big Data 106

Big Data Risk Measurement Data mining 106

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

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

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

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

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

DataRobot

OCTOBER 5, 2021

But the technology’s ability to unleash rapid impact with great scope and unique dimensions can also increase organizational risk. For companies implementing AI systems, that risk extends beyond revenue to the reputational damage of using an algorithm that is perceived to be discriminatory or harmful to vulnerable groups.

Risk Management 95

Risk Management Testing Risk Data Science 95

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

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

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. Respond to threats quickly.

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

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

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

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

Ontotext

APRIL 6, 2023

More and more companies are using them to improve a variety of tasks from product range specification and risk analysis to supporting self-driving cars. Manufacturing and Industry 4.0 For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. And that’s not all.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

OCTOBER 19, 2022

The CIO’s new remit regarding business risk Now I’ve got it. What about risk? 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. What about security?

IT 124

IT Data Warehouse Digital Transformation Risk 124

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

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going.

IT 111

IT Cost-Benefit Risk Consulting 111

CIO Business Intelligence

DECEMBER 8, 2022

While organizations know they need to mitigate environmental risks more effectively across the supply chain, often they struggle to translate that ambition into results. Businesses need to do more than just track carbon output. They must reduce waste and increase efficiency. Going green makes good business sense. Edge Computing.

IoT 101

IoT ROI Cost-Benefit Risk 101

Cloudera

OCTOBER 28, 2021

Since the beginning of Commercial insurance as we know it today, insurers have been using data generated by other industries to assess and rate risks. In the days of Lloyd’s Coffee House , insurers gathered data about cargo, voyages, seasonal weather and the performance history of vessels and mariners to underwrite risks.

Insurance 97

Insurance Risk Unstructured Data Data-driven 97

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

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

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

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. 2 For instance, through sustainable strategic sourcing, companies consider questions like: Do manufacturing plants minimize waste and effectively use resources?

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

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

DECEMBER 7, 2023

That also means distinguishing between where you can take some risks and where the risk is going to be more limited. Space to take some risk and try new things has to be an expectation. There are two sides of the coin to this risk, and the other side is about recovering faster and building tactical resiliency.

Testing 105

Testing Risk Marketing IoT 105

CIO Business Intelligence

MARCH 21, 2022

1 directive for CIOs this year was to upgrade IT and data security to reduce corporate risk, cited by a third of survey respondents. Security and risk management is the highest-ranked technology initiative commanding IT investment this year, cited by 45% of respondents. For example, the C-suite’s No.

IT 131

IT Digital Transformation Consulting Manufacturing 131

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. The study identified the top CEO priorities as, among others, leading digital transformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI.

IT 131

IT Digital Transformation ROI Strategy 131

CIO Business Intelligence

JULY 31, 2023

1 question now is to allow or not allow,” says Mir Kashifuddin, data risk and privacy leader with the professional services firm PwC US. Rapidly evolving risks Companies that have blocked the use of gen AI are finding that some workers are still testing it out. Douglas Merrill, a partner at management consulting firm McKinsey & Co.,

Strategy 98

Strategy Risk Enterprise Risk Management 98

Alation

AUGUST 17, 2022

The Risks of Early Data Governance Programs. The biggest risk was a lack of ownership. Too often, organizations don’t educate their users about data governance, security, and business risk,” claims analyst Jack Gold. If your definitions are bad, so is your governance/risk/security. It’s not just an IT problem.

Data Governance 92

Data Governance Risk Data-driven Measurement 92

CIO Business Intelligence

MAY 18, 2022

While resiliency has always been a focus of EA, “the focus now is on proactive resiliency” to better anticipate future risks, says Barnett. Businesses are also looking to use EA to anticipate problems and plan for capabilities such as workload balancing or on-demand computing to respond to surges in demand or system outages, Barnett says.

Enterprise 122

Enterprise Measurement Data-driven Software 122

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