IBM Services

JANUARY 19, 2024

Whether your industry faces challenges from geopolitical strife, fallout from a global pandemic or rising aggression in the cybersecurity space, the threat vector for modern enterprises is undeniably powerful. Reducing costs: According to IBM’s recent Cost of Data Breach Report , the average cost of a data breach in 2023 was USD 4.45

Cybersecurity 97

Cybersecurity Reduced Costs Outsourcing Out-Tasking 97

WebCreek

AUGUST 16, 2022

With the switch to cloud computing the oil and gas industry has benefitted from more efficient monitoring and quality assurance practices, reduced costs on data storage, more secure cybersecurity mechanisms, and new innovations to aid the development of the industry. Reduced Costs. Data Storage.

Nearshoring 59

Nearshoring Reduced Costs Cybersecurity Collaborations 59

Infosys Consulting

FEBRUARY 15, 2024

The cloud provides a secure and scalable environment for fabless firms to automate processes, apply advanced tools, and adopt a collaborative approach to reduce costs as well as turnaround times for bespoke chipsets. Step 4: continuous monitoring to optimize performance, rationalize costs and ensure alignment with objectives.

Design 52

Design Co-Sourcing Collaborations Analytics 52

Everest Group

APRIL 10, 2024

These innovations streamline operations, reduce costs, and improve efficiency, ultimately enhancing profitability margins. While multiple drivers beyond labor shortages are pushing providers to outsource, a few factors stand out.

Management 59

Management Healthcare Robotics Process Automation Analytics 59

Groove Technology

FEBRUARY 9, 2023

This creates both opportunities and challenges for retailers, who must find ways to leverage data to provide more personalized and seamless experiences while ensuring compliance with privacy regulations and addressing cybersecurity concerns.

Retail 130

Retail Sales Sourcing Cybersecurity 130

Groove Technology

JUNE 15, 2023

Case Study 3: Enterprise Z Enhances Operational Efficiency Enterprise Z, a large multinational corporation, aimed to optimize their operational efficiency and reduce costs. By outsourcing development tasks to a remote team, Enterprise Z achieved substantial cost savings without compromising quality.

E-Commerce 130

E-Commerce Flexibility Collaborations Healthcare 130

IBM Business Partners

JULY 19, 2023

Leveraging generative AI to augment human team capabilities presents an opportunity for Clients to reduce costs by 30%-50%, while accelerating time to market related to this process by at least 50% and improving scalability, quality, and consistency of generated reports. in 10 years, from 2012 to 2022.

Co-Sourcing 60

Co-Sourcing Regulations Human Resources Manufacturing 60

IBM Services

JANUARY 11, 2024

Last year, companies around the world spent close to USD 219 billion on cybersecurity and security solutions, a 12% increase from the previous year according to the International Data Corporation (IDC) (link resides outside ibm.com.) million—a 15% increase over the last 3 years.

Right-Sizing 100

Right-Sizing Regulations Cybersecurity Software 100

IBM Services

FEBRUARY 9, 2024

According to a recent IBM survey of over 1,000 employees at enterprise-scale companies , the top three factors driving AI adoption were advances in AI tools that make them more accessible, the need to reduce costs and automate key processes and the increasing amount of AI embedded into standard off-the-shelf business applications.

Right-Sizing 102

Right-Sizing Out-Tasking Sourcing Research 102

Perficient Digital Transformation

MARCH 19, 2024

Related: AI in Healthcare: Care Delivery Use Cases Healthcare Trend #2: Cybersecurity In Healthcare While security has always been top of mind for HCO’s, recent data breaches highlight cyber hacking’s significant threat to the healthcare sector.

Healthcare 52

Healthcare Insurance Cybersecurity Collaborations 52

IBM Services

NOVEMBER 13, 2023

Security vulnerabilities: Due to outdated security measures and lack of updates, legacy applications are more susceptible to cybersecurity threats. High maintenance costs: The need for ongoing maintenance and support for legacy applications can result in escalating costs over time.

Software 100

Software Automation Efficiency Inventory Management 100

IBM Services

FEBRUARY 6, 2024

Cybersecurity and cyber recovery are types of disaster recovery (DR) practices that focus on attempts to steal, expose, alter, disable or destroy critical data. Reduced costs from unplanned events: Cyber and disaster recovery can be expensive, with critical assets like employees, data and infrastructure being threatened.

Right-Sizing 95

Right-Sizing Cybersecurity Software Reduced Costs 95

NoonDalton

DECEMBER 21, 2022

A Clutch study indicated that in addition to lower costs, 24% of small firms look for international outsourcing services to increase their job productivity, with another 18% adopting it for professional advice. Better cybersecurity safeguards and more capacity are now required to stay up with Industry 4.0 Reduced Costs.

Global Outsourcing 52

Global Outsourcing Outsourcing Offshoring Business Process Outsourcing 52

Designveloper

OCTOBER 1, 2021

Besides, they can obtain more flexibility of public clouds when scaling up or down less regulated computing projects, whereas meeting industry standards of keeping some confidential data on-premises. . Security measures on hybrid cloud platforms are consider superior to those of private and public clouds.

Administrative 96

Administrative Out-Tasking Finance Cybersecurity 96

3Pillar Global

MAY 15, 2023

The last generation of cybersecurity solutions was designed for a world in which regulations were minimal, and the costs associated with a security breach were relatively small. Potential goals might include: Deliver a better customer experience Gain a better understanding of your audience’s needs, behaviors, pain points, etc.

Cybersecurity 52

Cybersecurity Software Out-Tasking Analytics 52

Planergy Software

JANUARY 12, 2023

Supplier tiering also helps reduce costs by eliminating inefficient or unnecessary processes in the supply chain. Companies should aim to form relationships with suppliers that uphold ethical standards and regulations to avoid becoming complicit in any wrongdoing by association. What Are Supplier Tiers? Tier 1 Suppliers.

Supply Chain Management 52

Supply Chain Management Regulations Manufacturing Finance 52

IBM Services

FEBRUARY 16, 2023

Along with these challenges, the ongoing drive to reduce costs, improve efficiency and productivity, drive better decision-making and reduce risk will continue to drive pharma investment in cloud, AI/ML, analytics and automation in 2023 despite higher interest rates.

Pharmaceuticals 40

Pharmaceuticals Reduced Costs Research Manufacturing 40

Obobo

MARCH 19, 2023

– Risk management: VCM helps identify and mitigate risks associated with vendor contracts, such as cybersecurity threats, data breaches, or financial instability. – Cost optimization: By effectively managing vendor contracts, businesses can identify cost savings and negotiate better terms with vendors.

Management 40

Management Reduced Costs Automation Accounting 40

Vilmate

APRIL 27, 2022

From cybersecurity to customer care, AI appliances manage to enhance financial operating systems both from developers’ and consumers’ points of view. The implementation of AI and ML in fintech may reduce a huge amount of manual work. Source: Statista. So what exactly can ML and AI applications in the financial industry improve?

Banking 52

Banking Finance Risk Management Risk Management 52