CIO Business Intelligence

FEBRUARY 12, 2024

An arrow for the right: This way lies calculating the cost of IT assets versus their business value. And frankly it’s the difference between being viewed as a cost center or as a value generator. Multicloud estates heighten cost complexity However, the IT landscape has become far more distributed of late.

Cost-Benefit 102

Cost-Benefit Optimization Software Strategy 102

DataKitchen

MARCH 12, 2024

Key Success Metrics, Benefits, and Results for Data Observability Using DataKitchen Software Lowering Serious Production Errors Key Benefit Errors in production can come from many sources – poor data, problems in the production process, being late, or infrastructure problems. Data errors can cause compliance risks.

Metrics 117

Metrics Software Cost-Benefit Testing 117

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

Modeling 117

Modeling Cost-Benefit IT ROI 117

IBM Big Data Hub

MAY 28, 2024

A data protection strategy is a set of measures and processes to safeguard an organization’s sensitive information from data loss and corruption. According to IBM’s Cost of a Data Breach , the global average cost to remediate a data breach in 2023 was USD 4.45 What is a data protection strategy?

Strategy 72

Strategy Measurement Risk Cost-Benefit 72

CIO Business Intelligence

NOVEMBER 17, 2023

Managed service provider business model Managed service providers structure their business to offer technology services cheaper than what it would cost an enterprise to perform the work itself, at a higher level of quality, and with more flexibility and scalability.

Management 126

Management IT IoT Cost-Benefit 126

CIO Business Intelligence

JANUARY 11, 2024

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. We have to make sure everyone understands what they are doing, why they are doing it, and — most importantly — how success will be measured.”

IT 122

IT Uncertainty Cost-Benefit Strategy 122

IBM Big Data Hub

FEBRUARY 9, 2024

2022 was the year that generative artificial intelligence (AI) exploded into the public consciousness, and 2023 was the year it began to take root in the business world. The most immediate benefit of multimodal AI is more intuitive, versatile AI applications and virtual assistants.

Cost-Benefit 97

Cost-Benefit Modeling Data-driven Enterprise 97

FineReport

APRIL 26, 2023

Cost Savings : Big data tools such as FineReport , Hadoop, Spark, and Apache can assist businesses in saving costs by storing and handling huge amounts of data more efficiently. ” This type of Analytics includes traditional query and reporting settings with scorecards and dashboards. Top 10 Big Data Tools 1.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

CIO Business Intelligence

SEPTEMBER 25, 2023

According to TEKsystems’ 2023 State of Digital Transformation , 41% of organizations’ digital transformation (DX) initiatives have failed to achieve their desired outcomes. Infosys’ Digital Radar 2023 report found that only 5% of enterprises currently have or are implementing a live data approach. Others agree.

Digital Transformation 143

Digital Transformation Measurement Data-driven Metrics 143

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? All you had to do was to write a few bullet points every week in the text for your report for last your boss. Where is your metrics report? What should be in that report about your data team? The Data Change Request Ratio metric measures the rate of business demand for data.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

IBM Big Data Hub

APRIL 4, 2024

In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028, and it is forecast to increase by USD 619.08 Private cloud combines the main benefits of cloud computing—chiefly on-demand access to computing resources (e.g.,

Data Processing 93

Data Processing Cost-Benefit Software Digital Transformation 93

CIO Business Intelligence

JANUARY 4, 2023

billion, with up to $1 billion of those costs being shouldered by the company in the fourth quarter of 2023. Salesforce said these costs consist of up to $1.4 The news comes as the WSJ reported that, based on estimates from Layoffs.fyi , employers in the tech sector collectively cut more than 150,000 jobs in 2022.

IT 99

IT Cost-Benefit Insurance Measurement 99

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 265

Advertising Cost-Benefit Marketing Risk 265

CIO Business Intelligence

JULY 6, 2023

One thing is for sure – meeting ESG goals can drive value if it can be done consistently, with automation and minimal costs. Automation, integration and consistency make it flow By the end of 2023, companies in Germany with more than 3,000 employees must have implemented the due diligence obligations under SCDDA.

Cost-Benefit 73

Cost-Benefit Risk Digital Transformation Risk Management 73

CIO Business Intelligence

SEPTEMBER 13, 2023

Indeed, 50% of C-suite execs surveyed for a 2023 report on digital transformation from fintech company Broadridge admitted they struggle to balance innovation with daily tasks. Failing to tie innovation to business value If innovation is happening on the company’s dime, company heads want to know how it could benefit them.

IT 133

IT Digital Transformation Risk Cost-Benefit 133

IBM Big Data Hub

FEBRUARY 7, 2024

Advanced technologies, more stringent reporting standards and stronger support from stakeholders are building momentum for eco-friendly initiatives and the incentives that encourage them. Sustainability reporting: Accountability on the record This may be the biggest year yet in sustainability reporting.

Reporting 91

Reporting Internet of Things Cost-Benefit Data-driven 91

IBM Big Data Hub

MARCH 27, 2024

Other leaders remind you that the company’s primary allegiance is to the bottom line and that your solution needs to be cost-effective and “thread the needle” by providing the most return for the least investment possible. Development costs to survey the land, clear the site and prepare it for construction.

Cost-Benefit 100

Cost-Benefit Internet of Things Recreation/Entertainment Marketing 100

CIO Business Intelligence

APRIL 28, 2022

According to a Deloitte report , 73% of respondents said their organizations have embarked on a path to intelligent automation and they predict that robotic process automation (RPA) will reach almost universal adoption sometime in 2023. Understand the cost. How much labor will be saved with the implementation of automation?

Cost-Benefit 82

Cost-Benefit Insurance Metrics Software 82

IBM Big Data Hub

MARCH 28, 2024

According to a report from Future Market Insights (link resides outside ibm.com), the global private cloud services market is forecast to grow to USD 405.30 billion in 2023. Private cloud combines the primary benefits of cloud computing (e.g., billion by 2033, up from USD 92.64 What is a private cloud?

Enterprise 100

Enterprise Cost-Benefit Data Processing Software 100

CIO Business Intelligence

JUNE 20, 2023

According to GitLab’s 2023 Global DevSecOps Report , 56% of organizations report using DevOps or DevSecOps methodologies, growing roughly 10% from 2022, for improved security, higher developer velocity, cost and time savings, and better collaboration. According to IBM , a single data breach costs $9.4

Cost-Benefit 90

Cost-Benefit Testing Software Reporting 90

Smart Data Collective

JULY 4, 2023

Last year, the World Meteorological Association reported that AI technology is playing an increasingly more important role in disaster management. It is easy to see why this is an important topic of conversation in 2023. It helps streamline communication, project management, dispatching of field service technicians, and reporting.

Technology 74

Technology Software Data-driven Measurement 74

CIO Business Intelligence

JANUARY 22, 2024

Remote work began as a temporary measure during the pandemic but has long been a permanent fixture in our new way of working. McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5

Digital Transformation 117

Digital Transformation Risk Cost-Benefit Risk Management 117

IBM Big Data Hub

FEBRUARY 2, 2024

A 2023 report found that global investment in green or low-carbon energy sources exceeded USD $1 trillion, 1 while advanced data collection tools and artificial intelligence (AI) are helping to better monitor emissions and inform sustainability strategy. 2 Sustainability , United Nations, January 2024.

Optimization 87

Optimization Cost-Benefit Strategy Technology 87

IBM Big Data Hub

AUGUST 18, 2023

Entities will also be expected to put appropriate cybersecurity protection measures in place. The need for a strong cyber-resilience strategy According to the IBM Cost of Data Breach Report 2023 , the global average cost of data breach was $4.45M. What is cyber resilience? In the U.S.,

Cost-Benefit 75

Cost-Benefit Testing Strategy Risk Management 75

CIO Business Intelligence

OCTOBER 23, 2023

As a result, most IT functions have seen budget increases, support for more staff, and higher involvement in shaping enterprise strategy , according to multiple reports. Consider the findings of a report from professional services firm Accenture. IT needs to think of the value proposition for the customer.”

IT 132

IT Consulting Scorecard Key Performance Indicator 132

CIO Business Intelligence

JANUARY 4, 2023

In its Worldwide Sustainability/ESG 2023 Predictions , analyst firm IDC sees digital and sustainability transformations converging. Decision makers are realizing that technology is essential for reaching their ESG goals,” noted Bjoern Stengel, IDC global sustainability research lead, in the report. So, too, are business leaders.

IT 122

IT Internet of Things Reporting Cost-Benefit 122

datapine

NOVEMBER 27, 2019

The development of business intelligence to analyze and extract value from the countless sources of data that we gather at a high scale, brought alongside a bunch of errors and low-quality reports: the disparity of data sources and data types added some more complexity to the data integration process. 3) Artificial Intelligence.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. billion in 2023. Security risks: Maintaining strong security measures is a critical component of enterprise cloud adoption.

Strategy 93

Strategy Cost-Benefit Risk Optimization 93

IBM Big Data Hub

MARCH 14, 2024

Lower latency: 5G’s low latency —a measurement of the time it takes data to travel from one location to another—is better than on previous networks, making routine activities like downloading a file or working in the cloud much faster. But going beyond the numbers, what does this surge in interest really mean?

Technology 60

Technology IoT Cost-Benefit Internet of Things 60

AWS Big Data

DECEMBER 8, 2023

In 2021, FanDuel’s workloads almost tripled since they first started using Amazon Redshift in 2018, and they started evaluating Redshift RA3 nodes vs. DC2 nodes to take advantage of the storage and compute separation and deliver better performance at lower costs. The following diagram illustrates this architecture.

Data Warehouse 69

Data Warehouse Cost-Benefit KPI Risk 69

CIO Business Intelligence

MAY 13, 2024

In contrast, CEOs didn’t even list AI in their top 10 priorities for CIOs in 2023. Other reports also highlight the strong CEO interest in AI. I do see companies having more conversations about AI and adjusting expectations as they make investments to take advantage of the benefits that AI brings,” she says. “I

IT 126

IT Digital Transformation ROI Strategy 126

CIO Business Intelligence

DECEMBER 22, 2023

To tackle that, businesses are turning their budgets toward the cloud, with two out of every three IT decision-makers planning to increase cloud budgets in 2024, and nearly a third (31%) reporting that 31% of their IT budget is earmarked for cloud computing, according to the 2023 Cloud Computing Study from CIO.com parent company Foundry.

Consulting 120

Consulting Software Business Objectives Optimization 120

IBM Big Data Hub

APRIL 11, 2024

Compliance with official policies through auditing tools and other measures is merely the final step. For example, New York City published its own AI Action plan in October 2023, and formalized its AI principles in March 2024. How organizations put them into action is what counts.

Risk 75

Risk Consulting Modeling Data Processing 75

IBM Big Data Hub

JUNE 23, 2023

For F&A leaders, this means that it may have the ability to transform financial data, such as business performance reports, commentary and narratives. Financial reporting narratives (as well as commentary) play a pivotal role in providing meaningful insights and contextual understanding of a company’s financial performance.

Finance 60

Finance Reporting Cost-Benefit Modeling 60

Cloudera

JANUARY 14, 2021

Blended use brick and mortar enable better pricing and convenience to consumers than digital pure-plays, and physical stores now serve as micro-fulfillment centers—through BOPIS (buy online, pick-up in-store) or curbside delivery—and drive down overall cost-to-serve. Reinventing Brick and Mortar is Delivering Fresh Customer Experiences.

Cost-Benefit 70

Cost-Benefit Digital Transformation Sales IoT 70

AWS Big Data

OCTOBER 3, 2023

Compaction is the process of combining these small data and metadata files to improve performance and reduce cost. Performance of Iceberg reads with the compaction utility on Amazon EMR In the following steps, we demonstrate how to use the compaction utility and what performance benefits you can achieve.

Optimization 112

Optimization Snapshot Data Lake Metadata 112