CIO Business Intelligence

FEBRUARY 12, 2024

SAP customers have a lot to navigate in 2024. In addition, SAP customers should understand the benefits, protections, and limitations that SAP will provide in exchange for access to data. But referenceable flagship implementations across industries are limited, particularly at the enterprise customer level.

Consulting 114

Consulting Cost-Benefit Strategy Modeling 114

Jen Stirrup

FEBRUARY 23, 2024

In this blog post, we will explore the key trends that will shape the landscape of data observability in 2024. Soup to Nuts: End-to-End Data Observability In 2024 and beyond, data observability will move beyond focusing on individual units of data pipelines to include end-to-end observability throughout the data estate.

Data-driven 73

Data-driven Data Governance Data Quality Cost-Benefit 73

FineReport

APRIL 9, 2024

Evolving BI Tools in 2024 Significance of Business Intelligence In 2024, the role of business intelligence software tools is more crucial than ever, with businesses increasingly relying on data analysis for informed decision-making.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. An investment in the tools and infrastructure to combat such threats is likely to occur in 2024.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

CIO Business Intelligence

APRIL 19, 2024

Companies buying the marketing hype about the benefits of AI need to look for proofs of concept, added Mark McDonald, a distinguished vice president analyst at Gartner. AI promises cost savings, productivity improvements, and better customer experiences, but CIOs need to figure out how to calculate the ROI , McDonald said.

IT 132

IT Software Cost-Benefit ROI 132

CIO Business Intelligence

MARCH 5, 2024

That’s one of the main themes from IDC’s recent predictions report, “IDC FutureScape: Worldwide Artificial Intelligence and Automation 2024 Top 10 Predictions”. But that’s about to change, said Fleming, as executive leadership seeks to understand how AI and automation benefit the bottom line. It’s time to get to business.

Key Performance Indicator 116

Key Performance Indicator Cost-Benefit KPI Software 116

CIO Business Intelligence

JANUARY 22, 2024

McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5 Organizations across all industries can benefit from secure practices to limit their remote access exposures.

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

CIO Business Intelligence

APRIL 10, 2024

Yet the calculus may not be so simple when one considers the costs to operate there as well as the fact that GenAI systems sometimes produce outputs that even data engineers, data scientists, and other data-obsessed individuals struggle to understand. Cost concerns aren’t the only reason to conduct inferencing on premises.

Cost-Benefit 135

Cost-Benefit Modeling Strategy Interactive 135

CIO Business Intelligence

MARCH 18, 2024

billion in 2024 to $521.0 When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. To find promising use cases, Webster Bank canvassed several dozen proposals and decided to start with three that could deliver tangible benefits. billion on 2027.

Risk 133

Risk Cost-Benefit Data Processing Testing 133

CIO Business Intelligence

FEBRUARY 27, 2024

Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024. The resulting infrastructure of choice — a combination of on-premises and hybrid-cloud platforms — will aim to reduce cost overruns, contain cloud chaos, and ensure adequate funding for generative AI projects.

Strategy 144

Strategy Cost-Benefit Data Processing Data-driven 144

CIO Business Intelligence

FEBRUARY 29, 2024

The ask-an-expert tool enables manufacturers to increase productivity, drive down costs, and improve employees’ work-life balance. In one case involving air bags, 60 to 70 million vehicles were recalled worldwide , across at least 19 manufacturers, costing close to €25bn. Avanade is attending Hanover Messe 2024.

Manufacturing 115

Manufacturing Unstructured Data Cost-Benefit Risk 115

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 268

Advertising Cost-Benefit Marketing Risk 268

Cloudera

MARCH 26, 2024

The release of LLMs surged by 136% in 2023 compared to 2022, and this upward trend is projected to continue in 2024. How much is all this really going to cost? This release will remove the complexity from getting started with AI, delivered as a cost-effective bundle to deliver immediate business value.”

Cost-Benefit 78

Cost-Benefit Machine Learning Enterprise Modeling 78

CIO Business Intelligence

DECEMBER 12, 2023

Companies like Dynatrace benefit from this set-up. Both Austria and its cities regularly do exceedingly well in international quality of life rankings, at a comparatively low cost of living. By January 2023, corporation tax was reduced from 25 to 24% — with a further reduction to 23% scheduled for 2024.

Technology 98

Technology Cost-Benefit Deep Learning Measurement 98

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 company said it expects to complete most of the employee restructuring plan by the end of fiscal year 2024, and to finish its real-estate restructuring in fiscal 2026.

IT 115

IT Cost-Benefit Insurance Measurement 115

CIO Business Intelligence

NOVEMBER 1, 2023

SAP Build Code The new suite will bring together a number of SAP’s existing design and run-time services when it becomes generally available in early 2024. The real benefit may be in the governance capabilities rather than the collaboration. Those initiatives will be made available to users of the new SAP Build Code, among other tools.

Enterprise 132

Enterprise Cost-Benefit Unstructured Data Software 132

IBM Big Data Hub

APRIL 22, 2024

“But it’s important to reap these benefits while minimizing the environmental impact. According to the European Union’s 2023 Energy Efficiency Directive , Europe’s data center electricity consumption is expected to grow 28% from 2018 to 2030, exemplifying the environmental costs of AI usage.

Cost-Benefit 98

Cost-Benefit Modeling Manufacturing Reporting 98

CIO Business Intelligence

AUGUST 7, 2023

IDC forecasts the growth rate of enterprise applications software sales will pick up in 2024, and remain steady through 2027, despite a dip this year as a result of CIOs continuing to pull back on spending due to economic headwinds. this year, before picking up again in 2024 and averaging 9.6% Software sales grew 9.8% through 2027.

Sales 52

Sales Enterprise Cost-Benefit Software 52

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. Benefits: Improved efficiency Reduced cost Enhanced transparency Customer relationship management (CRM) BPR is a pivotal strategy for organizations that want to overhaul their customer relationship management (CRM) processes.

Cost-Benefit 54

Cost-Benefit Finance Optimization Key Performance Indicator 54

CIO Business Intelligence

APRIL 1, 2024

That’s not hyperbole: TEKsystems’ 2024 State of Digital Transformation report found that 53% of organizations classified as digital leaders are confident that their digital investments will meet expected ROIs. In contrast, only 27% of those categorized as DX laggards say as much.

Strategy 140

Strategy IT Digital Transformation ROI 140

CIO Business Intelligence

MARCH 5, 2024

It’s better to do it quickly, like taking a Band-Aid off, even if it hurts for a short time,” he summed up at the recent Hamburg IT Strategy Days 2024. Today, we have effective, cost-effective IT,” he says. “We Transformation should be completed quickly, without getting lost in the minutiae, says Ingo Elfering, group CIO of Fresenius.

IT 105

IT Digital Transformation Cost-Benefit Strategy 105

CIO Business Intelligence

FEBRUARY 8, 2024

People across industries envisioned AI as being the fuel for thousands of hours of time saved, replacing jobs to reduce costs, and unlocking innovation at a scale we have never before seen. No doubt, AI was the cutting-edge technology in 2023 that everyone was trying to keep pace with.

Cost-Benefit 119

Cost-Benefit Experimentation Interactive Risk 119

CIO Business Intelligence

JULY 27, 2023

First came the carrot of lower costs in the cloud with the bundled Rise with SAP offering. SAP said Thursday it will raise the cost of support for users of its on-premises software for the second year in a row, just days after announcing plans to withhold future innovations in its products from on-prem customers. Bucking the trend?

Cost-Benefit 97

Cost-Benefit Statistics Data Processing Forecasting 97

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. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 94

Cost-Benefit Risk Digital Transformation Risk Management 94

CIO Business Intelligence

JANUARY 8, 2024

Gain stronger control over data Jae Evans, global CIO and executive vice president at Oracle, is planning to prioritize data control in 2024, and CIOs across industries would be wise to follow suit. “As As AI solutions evolve, and employee use cases grow, it’s clear that AI will continue to redefine the way we work in 2024,” he says.

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

IBM Big Data Hub

FEBRUARY 26, 2024

Through their commitment to developing generative AI skills and training for the telecom industry, the GSMA and IBM want to enable mobile operators to provide better services and, ultimately, help more people benefit from digital connectivity.

Revenue Optimization 104

Revenue Optimization Cost-Benefit Enterprise Optimization 104

CIO Business Intelligence

JULY 31, 2023

Aim to define three to five objectives that together envelop projects proposed for 2024, ongoing and new. How much will it cost? Effectively, this objective was the wrapper for a group of projects that would integrate recent bolt-on acquisitions, standardize technology across BUs, and reduce manual processes through automation.

Strategy 98

Strategy IT Cost-Benefit Finance 98

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 90

Cost-Benefit Modeling Manufacturing Interactive 90

CIO Business Intelligence

OCTOBER 6, 2022

billion market in 2024. This naturally leads to faster and richer insights, in turn enabling better business outcomes and facilitates new breakthroughs and better differentiation in products and services while driving greater cost savings,” said Mike Yang, President at Quanta Cloud Technology, better known as QCT.

Internet of Things 98

Internet of Things Manufacturing Digital Transformation Cost-Benefit 98

IBM Big Data Hub

APRIL 22, 2024

With 2024 on track to be the hottest year on record , data and AI can be applied to many areas to help supercharge sustainability efforts. We use to collect data from 6,500+ utility bills we receive globally each year and summarize total energy consumption, cost, and renewable electricity purchases across to save many hours of calculations.

IoT 85

IoT Internet of Things Cost-Benefit Reporting 85

Smarten

MAY 13, 2022

Tech research and analysis firm, Gartner predicts that, ‘Through 2024, 50% of organizations will adopt modern data quality solutions to better support their digital business initiatives,’ and that prediction applies to all types of industries and vertical business sectors, including finance and accounting.

Analytics 76

Analytics Cost-Benefit Finance Software 76

CIO Business Intelligence

DECEMBER 11, 2023

The bill will turn into an EU law once it is approved by the European Parliament at a vote scheduled for early 2024. Other countries, including the US and the UK , are also working on regulations to govern AI so they can benefit from the technology while mitigating the risks.

Risk 127

Risk Testing Insurance Cost-Benefit 127

CIO Business Intelligence

JANUARY 8, 2024

Instead, the publicly held operator of Cathay Pacific Airlines and HK Express is shifting from migration to optimization mode in an effort to wrest additional benefits from its all-in cloud transformation. Cloud optimization also entails finetuning capacity allocated for each workload.

Optimization 117

Optimization Digital Transformation Cost-Benefit Data Warehouse 117

CIO Business Intelligence

APRIL 5, 2022

By 2024, enhanced analytics and automatic remediation capabilities will refocus 30% of IT operations efforts from support to continuous engineering. By 2022, 55% of organizations will be boosting resiliency, as well as improving profitability, innovation rates, and cost efficiencies by more than 20% compared to their peers.

Digital Transformation 105

Digital Transformation Cost-Benefit Uncertainty Technology 105

CIO Business Intelligence

JANUARY 16, 2024

Consequently, one of the CIO’s top priorities for 2024 is discovering and uncovering the added value human workers can concretely achieve using LLMs — and much of this remains unknown. More benefit may come from a process or technology improvement instead of broad application of AI to ‘fix’ problems,” he says.

Cost-Benefit 130

Cost-Benefit Enterprise Unstructured Data Technology 130

IBM Big Data Hub

DECEMBER 12, 2023

Unlocking the benefits of emissions management Emissions management is not only about tracking greenhouse gases; it also involves controlling and overseeing a wide range of emissions released into the atmosphere during industrial processes. An efficient, sustainable, and responsible enterprise reaps the benefits of a healthy culture.

Management 77

Management Cost-Benefit Optimization Strategy 77

AWS Big Data

APRIL 25, 2024

To address this challenge, common practices like partitioning and bucketing can significantly improve query performance and reduce computation costs. The queries need to complete in 10 seconds, and the cost needs to be optimized carefully. In this scenario, you’re a data engineer responsible for optimizing query performance and cost.

Optimization 65

Optimization Data Lake Cost-Benefit Reporting 65