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

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

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. Provide a full view of business operations by delivering forward-looking measures of related risk to help customers successfully navigate the COVID-19 recovery.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

CIO Business Intelligence

MARCH 12, 2024

With greater scrutiny on margins and ROI, CIOs must spend wisely, making today’s economic environment a more difficult one for selling preemptive projects that don’t produce immediate ROI. When this happens, corporate risk is heightened as preemptive projects get delayed — sometimes for indefinite periods of time.

ROI 122

ROI IT Manufacturing Metrics 122

CIO Business Intelligence

SEPTEMBER 6, 2023

By changing the enterprise’s risk management approach from matrix-based measurement (high, medium, or low) to quantitative risk reduction, you’re basing actual potential impact on as many variables as needed, Folk says. “By Are we achieving maximum ROI on our security investments?

IT 142

IT ROI Risk Strategy 142

datapine

FEBRUARY 22, 2022

But the rewards outperform by far its costs, and it is well known that business intelligence ROI is real even if it is sometimes hard to quantify. Improved risk management: Another great benefit from implementing a strategy for BI is risk management. Benefits Of Implementing a BI Strategy. Pursue a phased approach.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

CIO Business Intelligence

OCTOBER 30, 2023

In addition, whereas resilience is a risk management strategy, adaptability is both a risk management and an innovation strategy. 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

MARCH 19, 2025

Most data management conferences and forums focus on AI, governance and security, with little emphasis on ESG-related data strategies. If sustainability-related data projects fail to demonstrate a clear financial impact, they risk being deprioritized in favor of more immediate business concerns.

IT 59

IT Data Governance Data-driven Metrics 59

CIO Business Intelligence

MAY 9, 2024

Equally important, a CAIO should have knowledge of risk management principles and regulatory compliance requirements related to AI. For Mark McCreary, CAIO, CSO, and partner at Fox Rothschild , a national law firm with approximately 1,000 attorneys, data management expertise is crucial.

Risk Management 138

Risk Management Cost-Benefit Risk Technology 138

IBM Big Data Hub

MARCH 4, 2024

By becoming an AI+ enterprise, clients can realize the ROI not only for the AI use case but also for improving the related business and technical capabilities required to deliver AI use cases into production at scale. times higher ROI. times higher ROI.

Enterprise 96

Enterprise ROI Risk Strategy 96

CIO Business Intelligence

DECEMBER 8, 2022

The technology stack is complemented by professional services from strategy through to execution to ensure that the data is actionable and that there is a clear ROI. One of the biggest challenges of IoT is proving ROI,” says Devin Yaung, SVP, Group Enterprise IoT Products and Services at NTT. Edge Computing.

IoT 101

IoT ROI Cost-Benefit Risk 101

CIO Business Intelligence

DECEMBER 9, 2024

If you owe the bank $10 million, then theyve got a problem.The demonstrable, defensible ROI for genAI technologies has been shaky at best.Sequoia Capital reportedly estimated that the AI industry spent $50 billion on Nvidia chips last year, but only realized some $3 billion in revenue.

ROI 98

ROI Risk Finance Marketing 98

CIO Business Intelligence

AUGUST 4, 2023

In collaboration with our peers, we have a solid business sense that carefully weighs innovation and risk in order to gain valuable ROI while protecting the organization from all forms of risk associated with each project. Emerging Technology, IT Leadership, Risk Management What’s new and different today?

Risk 98

Risk Risk Management ROI Technology 98

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 26, 2024

The decisive factors are responsibility for the transformation, mostly locating centrally the downstream management of the new IT operating models, and the inclusion of important departments such as legal, compliance and risk management. Around 13% of users say they’ll pursue a rigid cloud-only strategy in the future.

Digital Transformation 143

Digital Transformation Cost-Benefit Data Processing Risk 143

CIO Business Intelligence

MAY 13, 2024

But where the puck is moving to is really around business use cases and identifying use cases where they will see value from their AI investments,” says Dera Nevin, a data lawyer, information risk management expert, and managing director in the technology segment at FTI Consulting.

IT 131

IT Digital Transformation ROI Strategy 131

Sisense

AUGUST 19, 2021

Buying analytics instead of building them helps companies go to market faster, see ROI from analytics sooner, focus on their core competency, benefit from incremental improvements over time, and much more. The solution: Buy and embed an industry-leading analytics platform into your core offering.

ROI 98

ROI Cost-Benefit Marketing Testing 98

IBM Big Data Hub

OCTOBER 4, 2022

Today, AI presents an enormous opportunity to turn data into insights and actions, to amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. Risk Management: Manage risk and compliance to business standards, through automated facts and workflow management.

Metadata 97

Metadata Risk Management Risk Experimentation 97

John Wheeler

OCTOBER 21, 2019

A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches. Digital Risk Management – Gartner. Doing so will allow for a proper ROI analysis detailing the potential for profit maximization.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

CIO Business Intelligence

DECEMBER 15, 2022

Core challenges included complex and siloed business processes with a lot of customizations, out-of-sync data and processes, disparate and niche applications with inconsistent data and assets, and expensive and unsustainable data and risk management that lacked innovation and adaptability.

Risk 98

Risk Digital Transformation Software ROI 98

Smart Data Collective

DECEMBER 17, 2021

In professional terms, it is called TCO and ROI, the overall investment cost and return on investment. In contrast, the traditional backup technology is limited by the defects of the architecture itself, and the performance and speed will decline. This is one of the indicators most concerned by directors. Security.

Cost-Benefit 126

Cost-Benefit Big Data Measurement ROI 126

CIO Business Intelligence

MAY 11, 2022

Chief Audit Executive (CAE) – To optimize risk management, the CAE and the BCM function should work in unison to leverage technology for assessing and mitigating risk. BCM, enterprise risk management and internal audit must work together and apply uniform principles to their respective areas of responsibility.

Management 98

Management Insurance Testing Finance 98

CIO Business Intelligence

JUNE 12, 2023

In 2012, COBIT 5 was released and in 2013, the ISACA released an add-on to COBIT 5, which included more information for businesses regarding risk management and information governance. It’s also designed to give senior management more insight into how technology can align with organizational goals.

Risk Management 94

Risk Management Strategy Digital Transformation Enterprise 94

CIO Business Intelligence

APRIL 11, 2022

Learning to present cyber needs through a risk management lens, with a clear financial outlook, is a great place to start,” suggests Tommy Gardner, CTO of government technology and services provider HP Federal. The combination of a strong expert opinion backed by data is a powerful one and will elevate the CIO role.”.

Cost-Benefit 119

Cost-Benefit Digital Transformation Strategy Consulting 119

erwin

MARCH 12, 2020

It also highlights select enterprise architecture management suite (EAMS) vendors based on size and functionality, including erwin. The report notes six primary EA competencies in which we excel in the large vendor category: modeling, strategy translation, risk management, financial management, insights and change management.

Enterprise 85

Enterprise Reporting Management ROI 85

Cloudera

NOVEMBER 25, 2021

Protect: security needs including risk management, fraud detection and cybersecurity initiatives through risk modelling and analysis, regulatory compliance, and financial crime prevention. . Grow: flexibility and control allowing customers to manage costs and auto-scale and suspend or resume execution.

Machine Learning 90

Machine Learning IoT Risk Business Objectives 90

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 29, 2023

Also, CIOs are asking what processes other people are using around determining proof of concepts, use cases, and ROI for generative AI,” he says. Information security and risk management are always top priorities for Fleetcor Technologies’ CIO Scott DuFour as well, and 2024 will be no different.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

Octopai

FEBRUARY 21, 2022

But since lucky stars are generally frowned upon as a risk management strategy, we highly recommend you plan out your cloud migration process. Sorting through your data assets and processes has a direct impact on the ROI and success of your migration. Cranky employees tend to have a negative impact on your ROI.

Recreation/Entertainment 98

Recreation/Entertainment Cost-Benefit ROI Reporting 98

IBM Big Data Hub

MAY 9, 2023

Today, AI presents an enormous opportunity to turn data into insights and actions, to help amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. While the promise of AI isn’t guaranteed and may not come easy, adoption is no longer a choice. It is an imperative.

Metadata 71

Metadata Risk Experimentation Dashboards 71

Sisense

SEPTEMBER 3, 2020

ROI (return on investment) is also a key concern, as business analysts apply their data-related activities to finance, marketing, and risk management, for instance. This includes database modeling, metrics definition, dashboard design , and creating and publishing executive reports. See an example: Explore Dashboard.

Statistics 97

Statistics Metrics Visualization Finance 97

Smart Data Collective

DECEMBER 15, 2020

Understand the risk with predictive analytics risk scoring algorithms. You should also use predictive analytics for risk management. You can assess your long-term ROI targets and the risk associated with a trade by running complex, analytics-driven calculations.

Data Analytics 83

Data Analytics Analytics Big Data Machine Learning 83

CIO Business Intelligence

MARCH 21, 2022

-based venture capital firm Sequoia Capital and Houston, Texas-based waste management and environmental services provider WM are making it a priority to finish what was started and refine processes to ensure optimal ROI.

IT 131

IT Digital Transformation Consulting Manufacturing 131

erwin

DECEMBER 20, 2018

Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. The driving factors behind data governance adoption vary. Data governance’s importance has become more widely understood.

Data Governance 40

Data Governance ROI Risk Management Metadata 40

IBM Big Data Hub

JUNE 23, 2023

It suggests that organizations prioritize which F&A use cases should be augmented with their new foundation models, balancing across precision, risk, F&A stakeholder expectations and return on investment (ROI). Risk management and controls are an imperative in F&A. Apply the controllership lens.

Finance 56

Finance Consulting Data-driven Risk 56

CIO Business Intelligence

DECEMBER 9, 2024

Looking beyond governance, George shares the five strategic priorities business leaders should keep in mind to capitalise on the AI opportunity: Risk management: Organisations should prioritise building governance frameworks to align AI initiatives with legal, ethical, and operational standards, ensuring risk is managed proactively.

Data Governance 52

Data Governance Data-driven Risk Digital Transformation 52

CIO Business Intelligence

MAY 17, 2022

A few years ago, the leadership realized that the banking industry is going to be dominated by great tech companies that manage risk exceptionally well. Risk management was always one of the core foundations of the company. How do you measure the data platform’s ROI and what are the results you’re seeing with Cassandra?

ROI 52

ROI Risk Marketing Modeling 52