Remove Capital Remove Information Remove Loss
article thumbnail

AI-powered information management: a catalyst for operational success in the energy industry

CIO

These large-scale, asset-driven enterprises generate an overwhelming amount of information, from engineering drawings and standard operating procedures (SOPs) to compliance documentation and quality assurance data. AI-driven asset information management will play a critical role in that final push toward zero incidents.

article thumbnail

Why PCI compliance matters more than ever in the financial sector

CIO

Data breaches not only compromise private information but can also cost organizations large sums of money in legal fees, penalties, and lost revenue. Companies that experience data loss or bigger cybersecurity attacks are often subject to federal audits and must invest additional capital to bolster data infrastructure.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will AI Agents Join the Workforce This Year?

Alpha Sense BI

In January, Microsoft launched Microsoft 365 Copilot Chat , a rebranded version of its AI chat experience for businesses, enhanced with agentic capabilities and performing tasks like providing customer information before meetings and monitoring relevant events.

article thumbnail

Inventory management takes center stage

DC Velocity

But there is a cost to building up inventory; it ties up working capital until you work through it,” Bishop adds. Artificial intelligence (AI) is an important part of that package, since it eliminates the need for users to dig through vast databases for the information they need.

article thumbnail

What is a Data Product? A Guide to Cost, Value, and Strategy.

Domo

Unlike traditional data strategies, which focus on collecting and storing information, data products prioritize delivering measurable value through user-focused solutions, embodying a product-oriented approach to data. This includes documentation, ownership information, and usage guidelines for accessing these products.

article thumbnail

CIOs recalibrate IT agendas to make room for rising AI spend

CIO

Theres still a little too much just do something with AI that is producing too much pressure versus well-informed, thoughtful strategic decision-making, says Mike Mason, chief AI officer at Thoughtworks, which provides software design and delivery, as well as consulting services.

IT
article thumbnail

Case in point: taking stock of the CrowdStrike outages

CIO

Delta alone had more than $500 million in losses as a result of crippled operations and thousands of flight cancellations and delays. In a lawsuit the airline filed in October, Delta claimed the faulty update was pushed out in an unsafe manner and CrowdStrike should pay for the losses.