Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. All companies require complex relationships with various suppliers and service providers to develop the products and services they offer to clients and customers — but those relationships always carry some risk.

Risk 134

Risk Cost-Benefit Risk Management Manufacturing 134

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 87

Risk Data Analytics Analytics Finance 87

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

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

OCTOBER 2, 2024

For instance, companies in sectors like manufacturing or consumer goods often leverage AI to optimize their supply chain. Every AI system introduces certain risks, whether related to cybersecurity, operational disruptions or legal liabilities. Identify gaps related to ethics, transparency, risk and compliance.

Gap analysis 119

Gap analysis Risk Manufacturing Data Governance 119

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

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 125

Analytics Manufacturing Internet of Things Advertising 125

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

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

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 95

Big Data Risk Measurement Data mining 95

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

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

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

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

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

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

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

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 Risk Management 71

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

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

IBM Big Data Hub

FEBRUARY 19, 2024

To mitigate these risks , companies need the resources and technology to develop robust contingency plans. Fewer disruptions : A healthy supply chain mitigates risks and protects against inevitable disruption. Access the Food Trust ebook Building strong partnerships Strong relationships are a key part of any business strategy.

Strategy 81

Strategy Management Forecasting Internet of Things 81

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 99

IoT ROI Cost-Benefit Risk 99

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

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

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 Software 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

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

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

IBM Big Data Hub

JUNE 10, 2024

As an example of what such a monumental number means from a different perspective, chip manufacturer Ar m claimed to have shipped 7.3 By running advanced analyses on such data and then applying a range of different scenarios to that data, risk management systems that CPUs enable can help financial institutions reduce losses.

Manufacturing 64

Manufacturing Forecasting Data-driven Internet of Things 64

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

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. Project management and operations : Generative AI tools can support project managers with automation within their platforms.

Enterprise 118

Enterprise Testing Modeling Data-driven 118

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

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 97

Strategy Data-driven Interactive Business Objectives 97

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. This can reduce supply chain disruptions and mismatches between supply and demand.

Cost-Benefit 52

Cost-Benefit Risk Risk Management Manufacturing 52