CIO Business Intelligence

MAY 27, 2024

CISOs are increasingly anxious because while they realize the ax will fall on them when the inevitable breach occurs, securing boardroom support for heavy investment in preventative measures, like training, is challenging in a world where revenue is demanded for each dollar spent. “The The incident cost Maersk over $300 million in losses.

Cost-Benefit 100

Cost-Benefit Statistics ROI Measurement 100

AWS Big Data

JANUARY 9, 2024

We are excited about the OpenSearch Service features and enhancements we’ve added to that toolkit in 2023. 2023 was a year of rapid innovation within the artificial intelligence (AI) and machine learning (ML) space, and search has been a significant beneficiary of that progress.

Cost-Benefit 94

Cost-Benefit Visualization Modeling Machine Learning 94

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

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

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

CIO Business Intelligence

MAY 30, 2024

One of our key directives was to audit procurement for all state agencies by the end of the calendar year 2023,” McIntosh says. “To The demand is coming from companies [that] have been told by strategy firms that they must cut costs to preserve margins. ALPI) is also benefiting from process mining. 31 deadline.”

IT 127

IT Cost-Benefit Key Performance Indicator Dashboards 127

Smart Data Collective

JANUARY 30, 2023

However, there are other benefits of AI in marketing that get less publicity. AI technology is the backbone of many modern marketing strategies. As AI continues to change the marketing landscape , marketers will keep looking for new ways to automate various processes, reduce the scope of human error and lower costs.

Advertising 97

Advertising Cost-Benefit Marketing Strategy 97

CIO Business Intelligence

APRIL 18, 2024

A new breed of AI assistant has set its sights on the enterprise user in recent months, with Microsoft and other vendors promising huge productivity gains that offset the cost. Its Copilot for Microsoft 365, a high-profile offering among the growing list of AI agents, costs $30 per seat per month, with a 300-seat minimum. No,” he says.

Cost-Benefit 134

Cost-Benefit ROI Sales Enterprise 134

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

Jet Global

JUNE 23, 2023

A government key performance indicator (KPI) is a quantifiable measure that the public sector uses to evaluate its performance. This tool will help you understand what performance measures to track, and which dashboards best suit your needs. The baseline is measured when the KPIs are first identified. What are Government KPIs?

Reporting 52

Reporting KPI Metrics Measurement 52

CIO Business Intelligence

JANUARY 4, 2023

Cloud, sustainability, scale, and exponential data growth—these major factors that set the tone for high performance computing (HPC) in 2022 will also be key in driving innovation for 2023. As a community, we keep sharing information and we stay on top of developments to realize the maximum benefits of HPC.

Cost-Benefit 57

Cost-Benefit Machine Learning Modeling Uncertainty 57

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. Am I using data to drive my transformation strategy? Is my strategy organized around problems to solve, or technologies? Adya says many executives answer no.

Digital Transformation 143

Digital Transformation Measurement Data-driven Metrics 143

IBM Big Data Hub

MAY 17, 2024

” Given the statistics—82% of surveyed respondents in a 2023 Statista study cited managing cloud spend as a significant challenge—it’s a legitimate concern. A successful cloud strategy requires a comprehensive assessment of cloud maturity. Why move to cloud?

Modeling 91

Modeling Cost-Benefit Optimization Digital Transformation 91

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

CIO Business Intelligence

FEBRUARY 27, 2023

Italian insurer Reale Group found itself with four cloud providers running around 15% of its workloads, and no clear strategy to manage them. “It That’s according to a new study of enterprise cloud usage by 451 Research, which also looked at what enterprises are running across multiple public clouds, and how they measure strategy success.

Cost-Benefit 143

Cost-Benefit Insurance Optimization Enterprise 143

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. It is nearly impossible to separate the business strategy from the organization’s technology strategy.

IT 133

IT Digital Transformation Risk Cost-Benefit 133

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

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. A comprehensive supply chain overhaul might involve rethinking procurement strategies, implementing just-in-time inventory systems, optimizing production schedules or redesigning transportation and distribution networks.

Cost-Benefit 58

Cost-Benefit Finance Optimization Key Performance Indicator 58

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

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

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? Gartner attempted to list every metric under the sun in their recent report , “T oolkit: Delivery Metrics for DataOps, Self-Service Analytics, ModelOps, and MLOps, ” published February 7, 2023. Under Velocity, the Mean Time to Deliver Data metric measures the time it takes to deliver data.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

CIO Business Intelligence

MAY 13, 2024

Corporate and IT strategy are one, and technology is the tool to deliver strategic objectives. In contrast, CEOs didn’t even list AI in their top 10 priorities for CIOs in 2023. The other key strategies are investing in new lines of business; marketing and promotions; and upskilling and retaining existing talent.)

IT 126

IT Digital Transformation ROI Strategy 126

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. Strategies to transform IT for digital success include the following. Consider the findings of a report from professional services firm Accenture.

IT 132

IT Consulting Scorecard Key Performance Indicator 132

IBM Big Data Hub

AUGUST 18, 2023

Entities will also be expected to put appropriate cybersecurity protection measures in place. It focuses on providing a proven strategy around data protection and business continuity in case of advanced ransomware or cyberattacks, including scenarios where data is encrypted by ransomware. What is cyber resilience? In the U.S.,

Cost-Benefit 75

Cost-Benefit Testing Strategy Risk Management 75

IBM Big Data Hub

MARCH 28, 2024

billion in 2023. Private cloud combines the primary benefits of cloud computing (e.g., A hybrid cloud unifies public cloud, private cloud and traditional on-premises to create a single, flexible and cost-efficient IT infrastructure. billion by 2033, up from USD 92.64 What is a private cloud? Zoom, Adobe, Salesforce).

Enterprise 100

Enterprise Cost-Benefit Data Processing Software 100

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 12, 2023

All of this needs to work cohesively in a real-time ecosystem and support the speed and scale necessary to realize the business benefits of real-time AI. Downstream teams can create strategy drift without a clearly defined and managed execution strategy; is the strategy staying consistent, evolving, or beginning to drift?

Machine Learning 133

Machine Learning Cost-Benefit Data-driven Strategy 133

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

CIO Business Intelligence

JULY 7, 2023

As an IT management framework, ITIL can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. As of 2023, ITIL 4 has been fully rolled out and Axelos announced the discontinuation of ITIL 3 at the start of 2022.

Cost-Benefit 97

Cost-Benefit Strategy Management Uncertainty 97

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. Today, sustainability efforts are being shaped by new urgency and new technology.

Optimization 87

Optimization Cost-Benefit Strategy Technology 87

erwin

JANUARY 10, 2024

You’ll see the benefits your organization can derive from its own data and the central role that your data intelligence software plays in the effort. Infonomics: Treating data as an actual asset It’s an axiom that data is valuable, but few companies ever make the effort to measure how valuable it is. And the payoff is considerable.

Measurement 59

Measurement Cost-Benefit Data Governance Management 59

CIO Business Intelligence

JUNE 6, 2023

The implication is that while some businesses are cutting costs and many tech companies are announcing layoffs, forward-looking enterprises are investing and collaborating with startups. CIOs should have plans for the upsides and also develop risk mitigation strategies. But CIOs should remain strategic.

Key Performance Indicator 104

Key Performance Indicator Cost-Benefit Enterprise Experimentation 104

Smart Data Collective

MAY 25, 2023

Fortunately, there are a number of measures that small businesses can take to protect their sensitive information from unauthorized access. Additionally, cybercrime costs SMEs over $2.2 Cybercriminals target these businesses primarily due to their resource inadequacy and often lack of progressive cyber security measures.

Internet of Things 90

Internet of Things Cost-Benefit Risk Software 90

IBM Big Data Hub

SEPTEMBER 27, 2023

The average cost of a data breach set a new record in 2023 of USD 4.45 Security leaders must proactively address the expanding attack surface and bolster their threat detection and response (TDR) strategy to significantly reduce the risk of costly data breaches.

Cost-Benefit 96

Cost-Benefit OLAP Dashboards Visualization 96

IBM Big Data Hub

FEBRUARY 7, 2024

1 In pursuit of net zero, organizations will focus their sustainability efforts on two paths in 2024: Clean energy : The transition from fossil fuels to renewable energy sources is central to sustainability strategies and net zero initiatives, and was a central issue last year at the United Nations’ COP28 climate summit.

Reporting 91

Reporting Internet of Things Cost-Benefit Data-driven 91

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

AUGUST 17, 2023

“Generative AI is a key part of our business strategy, facilitating growth with AI-enabled processes already live in production,” he says. Neil Ward-Dutton, VP, AI and Intelligent Process Automation European Practices at IDC , suggests that generative AI usage is high but business strategy may lag.

Risk 91

Risk Cost-Benefit Strategy Experimentation 91