CIO Business Intelligence

JULY 25, 2024

But the outage has also raised questions about enterprise cloud strategies and resurfaced debate about overly privileged software , as IT leaders look for takeaways from the disastrous event. It also highlights the downsides of concentration risk. What is concentration risk? Still, we must.

Risk 144

Risk Cost-Benefit Strategy Enterprise 144

CIO Business Intelligence

JULY 23, 2024

Call it survival instincts: Risks that can disrupt an organization from staying true to its mission and accomplishing its goals must constantly be surfaced, assessed, and either mitigated or managed. While security risks are daunting, therapists remind us to avoid overly stressing out in areas outside our control.

Risk 142

Risk IT Risk Management Cost-Benefit 142

Analytics Vidhya

DECEMBER 20, 2023

This comprehensive strategy mainly aims to measure and forecast potential risks associated with AI development. OpenAI, the renowned artificial intelligence research organization, has recently announced the adoption of its new preparedness framework.

Forecasting 337

Forecasting Measurement Strategy Risk 337

CIO Business Intelligence

JULY 22, 2024

For CIOs, the event serves as a stark reminder of the inherent risks associated with over-reliance on a single vendor, particularly in the cloud. This has forced CIOs to question the resilience of their cloud environments and explore alternative strategies. Yes, they [enterprises] should revisit cloud strategies.

Strategy 143

Strategy Testing Risk Management Risk 143

CIO Business Intelligence

SEPTEMBER 26, 2024

Cybersecurity and systemic risk are two sides of the same coin. As we saw recently with the CrowdStrike outage, the interconnected nature of enterprises today brings with it great risk that can have a significant negative effect on any company’s finances. This should be no surprise since the global average cost of a data breach is $4.88

Risk 132

Risk Reporting Digital Transformation Enterprise 132

CIO Business Intelligence

SEPTEMBER 13, 2024

For Kevin Torres, trying to modernize patient care while balancing considerable cybersecurity risks at MemorialCare, the integrated nonprofit health system based in Southern California, is a major challenge. They also had to retrofit some older solutions to ensure they didn’t expose the business to greater risks.

Risk 128

Risk IT IoT Statistics 128

CIO Business Intelligence

OCTOBER 22, 2024

Cloud strategies are undergoing a sea change of late, with CIOs becoming more intentional about making the most of multiple clouds. A lot of ‘multicloud’ strategies were not actually multicloud. Today’s strategies are increasingly multicloud by intention,” she adds.

Strategy 128

Strategy Cost-Benefit Risk Enterprise 128

CIO Business Intelligence

AUGUST 21, 2024

Adding smarter AI also adds risk, of course. “At The big risk is you take the humans out of the loop when you let these into the wild.” When it comes to security, though, agentic AI is a double-edged sword with too many risks to count, he says. “We That means the projects are evaluated for the amount of risk they involve.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

MAY 6, 2024

Amid that growth, a few key trends surfaced to impact CIOs’ cloud strategies, continuing to today: More flexible consumption models To increase spend within their ecosystems, hyperscalers marketed more flexible consumption programs to enable customers to increase their commitments, while mitigating consumption risk.

Marketing 131

Marketing Strategy IT Data Processing 131

CIO Business Intelligence

SEPTEMBER 9, 2024

As IT landscapes and software delivery processes evolve, the risk of inadvertently creating new vulnerabilities increases. These risks are particularly critical for financial services institutions, which are now under greater scrutiny with the Digital Operational Resilience Act ( DORA ).

Risk Management 115

Risk Management Risk Management IT 115

CIO Business Intelligence

OCTOBER 9, 2024

However, this enthusiasm may be tempered by a host of challenges and risks stemming from scaling GenAI. Optimizing GenAI with data management More than ever, businesses need to mitigate these risks while discovering the best approach to data management. That’s why many enterprises are adopting a two-pronged approach to GenAI.

Strategy 143

Strategy Modeling Management Data Lake 143

CIO Business Intelligence

OCTOBER 17, 2024

While tech debt refers to shortcuts taken in implementation that need to be addressed later, digital addiction results in the accumulation of poorly vetted, misused, or unnecessary technologies that generate costs and risks. million machines worldwide, serves as a stark reminder of these risks.

Risk 108

Risk Experimentation Testing Strategy 108

CIO Business Intelligence

MAY 28, 2024

For CISOs to succeed in this unprecedented security landscape, they must balance these threats with new approaches by performing continuous risk assessments, protecting digital assets, and managing the rapid pace of innovation in security technologies. How do we CISOs adapt our strategies today?

Strategy 131

Strategy IoT Risk Forecasting 131

CIO Business Intelligence

APRIL 16, 2024

Some researchers and tech leaders are using the strategy. In practice, I think leaders are too afraid to take that risk; it’s a change, and we’re inundated with change, and this is one more change they’re not willing to take on,” says Brittany Lutes, a research analyst at Info-Tech Research Group. Others IT execs express reservations.

Strategy 132

Strategy Reporting Management Marketing 132

CIO Business Intelligence

NOVEMBER 21, 2024

In our fast-changing digital world, it’s essential to sync IT strategies with business objectives for lasting success. Effective IT strategy requires not just technical expertise but a focus on adaptability and customer-centricity, enabling organizations to stay ahead in a fast-changing marketplace.

Strategy 122

Strategy IT Business Objectives Cost-Benefit 122

CIO Business Intelligence

AUGUST 21, 2024

million in 2024 1 – and thus take the necessary steps to reduce cyber risk. Defense in depth How the CSP attracts, trains, and retains security professionals is certainly an issue to raise when vetting providers, along with the company’s overall security strategy. Adherence to a defense-in-depth strategy should be front and center.

Strategy 124

Strategy Measurement Risk Reporting 124

CIO Business Intelligence

JULY 1, 2024

Many small business leaders are still trying to build out an artificial intelligence (AI) strategy to drive efficiencies, supercharge automation and spark creative productivity among their people. What’s clear though, is that these organisations risk being left behind if they aren’t maximising the potential of AI.

Strategy 141

Strategy Technology Optimization Reporting 141

CIO Business Intelligence

AUGUST 22, 2024

That spectrum of budget adjustments is being met by a range of strategies by IT leaders seeking to make the most of their 2025 IT spend. Even with global economic uncertainties, organizations that aren’t investing in AI risk getting left behind, he adds. The promise of AI outweighs concerns about interest rates and global conflict. “We

Strategy 133

Strategy IT Uncertainty Software 133

CIO Business Intelligence

JULY 22, 2024

Moreover, these repatriations show how CIOs have a shrewder, more fluid cloud strategy today to ensure they don’t settle for less than what they want. IT leaders say they are adjusting their cloud strategies to incorporate that perspective and allow for more options. a private cloud).

Optimization 128

Optimization Strategy IT Cost-Benefit 128

CIO Business Intelligence

OCTOBER 8, 2024

For those rare enterprises where innovation is more than a bullet point on a strategy statement embedded keep inside their SEC 10K, there is a repeatable approach for addressing the emerging unknown with great certainty. You risk adding to the hype where there will be no observable value.

Risk 124

Risk Technology Cost-Benefit Internet of Things 124

CIO Business Intelligence

OCTOBER 2, 2024

Schadler spoke of the realities of vendor lock in: today it can’t be avoided in AI, but CIOs still need to reduce the risk as much as possible. “You However, Schadler said that one of the elements of Accenture’s AI strategy that he found most intriguing was barely mentioned during Wednesday’s rollout. They are known for selling labor.

Strategy 134

Strategy Enterprise Modeling Data Processing 134

CIO Business Intelligence

SEPTEMBER 4, 2024

The newly launched guide, “5 Practical Steps to Reduce Cyber Threats,” offers actionable strategies for cybersecurity leaders to enhance their team’s preparedness and response capabilities. While state-of-the-art tools are vital, the true backbone of our defense strategy lies within our trained professionals—the human firewall.”

Strategy 111

Strategy Cost-Benefit Risk Technology 111

CIO Business Intelligence

JULY 10, 2024

Dovico just hit the 90-day mark in her CIO role at Beyond Bank, so she’s still in the listening phase while new a new executive team and business strategies are launched and formalized across the broader organization. But as a technologist, you understand more the risks and controls you need to put in place.

Strategy 118

Strategy Cost-Benefit Uncertainty Technology 118

CIO Business Intelligence

DECEMBER 12, 2024

As businesses race toward digital transformation, Gartner has forecasted a game-changing shift in customer service strategies for Fortune 500 companies. While intended to reduce customer effort, poorly implemented systems risk alienating users, particularly if security or functionality gaps emerge.

Risk 123

Risk Interactive Measurement Digital Transformation 123

CIO Business Intelligence

OCTOBER 15, 2024

In today’s rapidly evolving technological landscape, the role of the CIO has transcended simply managing IT infrastructure to becoming a pivotal player in enabling business strategy. This article delves into the six steps of delivering a successful IT strategy.

Strategy 133

Strategy Gap analysis IT Consulting 133

CIO Business Intelligence

AUGUST 28, 2024

For the technical architecture, we use a cloud-only strategy. When I talk to the board, it’s about risk reduction, since the cloud offers a much better control plane for enforcing governance practices. This is a multi-year initiative. I like cloud-only more than cloud-first because there’s no room for interpretation.

Strategy 121

Strategy B2B Finance Enterprise 121

O'Reilly on Data

OCTOBER 22, 2020

The safest course of action is also the slowest and most expensive: obtain your training data as part of a collection strategy that includes efforts to obtain the correct representative sample under an explicit license for use as training data.

Consulting 301

Consulting Risk Cost-Benefit Modeling 301

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Waiting too long to start means risking having to play catch-up. AI-enabling on-premises software is preferable where there is some combination of incurring less disruption to operations, faster time to value, lower risk of failure and lower total cost of ownership relative to migrating to the cloud.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

CIO Business Intelligence

JULY 5, 2024

So many vendors, applications, and use cases, and so little time, and it permeates everything from business strategy and processes, to products and services. 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 Strategy 124

O'Reilly on Data

JULY 28, 2020

This isn’t always simple, since it doesn’t just take into account technical risk; it also has to account for social risk and reputational damage. One mid-sized digital media company we interviewed reported that their Marketing, Advertising, Strategy, and Product teams once wanted to build an AI-driven user traffic forecast tool.

Marketing 363

Marketing Experimentation Metrics Testing 363