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 110

Consulting Cost-Benefit Strategy Modeling 110

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. Here veteran IT leaders and advisers offer eight strategies to speed up IT modernization.

Strategy 140

Strategy IT Digital Transformation ROI 140

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

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

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 52

Risk Management Insurance Cost-Benefit Risk 52

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. Expion hasn’t yet calculated the potential new business created, but the tool will save the company the cost of about 1.5 data analyst FTEs.

IT 106

IT Cost-Benefit Insurance Unstructured Data 106

CIO Business Intelligence

JULY 31, 2023

For those companies operating on a calendar year, the end of summer signals the start of annual planning and the mad dash to prepare their IT strategies. Your answers will lay the foundation for your strategy and highlight where your story needs work if you want to avoid fire drills in the eleventh hour. How much will it cost?

Strategy 98

Strategy IT Cost-Benefit Finance 98

CIO Business Intelligence

MAY 8, 2024

According to a recent report by InformationWeek , enterprises with a strong AI strategy are 3 times more likely to report above-average data integration success. This enables organisations to unlock the full potential of their data assets, making informed decisions and driving innovative business strategies.

Data Integration 52

Data Integration IoT Cost-Benefit Data Quality 52

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. The CIO has strategies in place to address all three. It’s a significant danger with significant costs. They don’t grasp how much that can cost,” says Nafde. “We

Risk 133

Risk Cost-Benefit Data Processing Testing 133

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 63

Cost-Benefit Finance Optimization Key Performance Indicator 63

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. This strategy resulted in a long list of projects he pushed forward over two years. Today, we have effective, cost-effective IT,” he says. “We We can react faster.”

IT 106

IT Digital Transformation Cost-Benefit Strategy 106

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 270

Advertising Cost-Benefit Marketing Risk 270

CIO Business Intelligence

MARCH 15, 2022

According to Gartner analyst Svetlana Sicular, by 2024, 60% of the data used for the development of AI and analytics solutions will be synthetically generated, up from 1% in 2021. Artificial data has many uses in enterprise AI strategies. Synthetic data use cases. That will lead to false positives,” he says.

Strategy 145

Strategy Testing Modeling Sales 145

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 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. This approach can help organizations to more easily establish a sustainability strategy across the business. The world is behind on addressing climate change.

IoT 87

IoT Internet of Things Cost-Benefit Reporting 87

IBM Big Data Hub

MAY 9, 2024

How can a healthcare provider improve its data governance strategy, especially considering the ripple effect of small changes? Data lineage can help.With data lineage, your team establishes a strong data governance strategy, enabling them to gain full control of your healthcare data pipeline. The consequence?

Data Governance 55

Data Governance Data Quality Insurance Predictive Analytics 55

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. Enhanced automation and self-service will also be emphasized as part of the cloud optimization strategy, Nair says.

Optimization 114

Optimization Digital Transformation Cost-Benefit Data Warehouse 114

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 79

Management Cost-Benefit Optimization Strategy 79

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 105

Revenue Optimization Cost-Benefit Enterprise Optimization 105

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 97

Cost-Benefit Modeling Manufacturing Interactive 97

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 129

Cost-Benefit Enterprise Unstructured Data Technology 129

Smart Data Collective

APRIL 3, 2022

This is a huge market driven by AI technology that is expected to be worth $19 billion by 2024. Towards Data Science published an article titled How Renaissance beat the markets with Machine Learning , which emphasized the major benefits of AI in their trading. This gives the strategy a distinct set of benefits.

Technology 97

Technology Cost-Benefit ROI Strategy 97

CIO Business Intelligence

JANUARY 8, 2024

To stay on top of both old and new challenges, IT chiefs should evaluate their current business and technology strategies and, when necessary, adjust them to address rapidly evolving technology, business, and economic practices. Doing so requires a robust data management strategy.

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

CIO Business Intelligence

DECEMBER 11, 2023

Companies need both a practical plan and a transparent communications strategy in their response.” We intend to implement it in Q1 2024.” As LIUNA expands AI use cases in 2024, “this gets to the question about how we use AI ethically,” he says. We continue to iterate and evolve our policy, but it is still in development.

Modeling 131

Modeling Risk Strategy Software 131

CIO Business Intelligence

MAY 16, 2022

To reap the benefits, organizations need to modernize with a decentralized data strategy that delivers the speed and flexibility necessary for driving smarter outcomes for the business. How edge refines data strategy. Getting edge-to-cloud data strategy right. That’s the promise of edge computing.”.

IoT 97

IoT Data Warehouse Internet of Things Machine Learning 97

CIO Business Intelligence

JUNE 16, 2023

As expected, operating in the cloud has enabled the 80-year-old company to significantly reduce the cost of running its data center in Minneapolis. Vaughan’s multicloud strategy is targeted to grow revenue and profits. As a result, we are reducing our cost of customer acquisitions or capex costs.” But that has changed. “We

Digital Transformation 98

Digital Transformation Cost-Benefit Marketing Strategy 98

FineReport

APRIL 21, 2024

Defining Business Intelligence and SaaS Business Intelligence (BI) encompasses the technologies and strategies used for data analysis and decision-making within organizations. In the next section, we’ll delve deeper into the key features and benefits of these transformative tools. What Are SaaS BI Tools?

Business Intelligence 52

Business Intelligence Visualization Dashboards Data-driven 52

CIO Business Intelligence

APRIL 25, 2022

In addition, “Of the 31% with AI in production, only one third claim to have reached a mature state of adoption wherein the entire organization benefits from an enterprise-wide AI strategy.”. Ready to evolve your analytics strategy or improve your data quality? So what’s the problem? Intel® Technologies Move Analytics Forward.

Machine Learning 134

Machine Learning Enterprise Deep Learning Cost-Benefit 134

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 106

Digital Transformation Cost-Benefit Uncertainty Technology 106

Smart Data Collective

JUNE 15, 2022

trillion in 2024, up from roughly $5.47 From the most basic to the most complicated concerns, data may assist guide your decision-making strategy. Following is a detailed look at some of the benefits of taking a data-driven approach in a retail business. The retail industry is expanding all the time. trillion in 2019?

Advertising 99

Advertising Cost-Benefit ROI Sales 99

FineReport

APRIL 9, 2024

Benefits of Healthcare Business Intelligence Tools Improved Decision-Making: Healthcare BI tools enable informed decision-making by providing real-time data analysis and predictive insights. Optimized Operational Efficiency: These tools streamline processes and resource allocation, leading to cost savings and improved resource utilization.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

IBM Big Data Hub

JULY 12, 2023

As a leading financial group in Spain, CaixaBank has long been an innovator by taking a technology-first approach by placing innovation, digital transformation, customer experience and sustainable banking at the forefront of its strategy. When it comes to infrastructure, we know any system downtime has real-world consequences and costs.

Digital Transformation 53

Digital Transformation Finance Cost-Benefit Data Processing 53

CIO Business Intelligence

JANUARY 12, 2024

From market shifts to IT strategies, here are the hot CRM trends for 2024. Clint Oram, co-founder and chief strategy officer at CRM vendor SugarCRM, says generative AI will soon enable employees and customers to use natural language to engage with the most advanced AI systems.

Sales 128

Sales Marketing Data-driven Interactive 128

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

IBM Big Data Hub

NOVEMBER 8, 2023

At the beginning of the year, we laid out a new strategy for IBM Power under the leadership of Ken King, who will be retiring by the end of 2023 after forty years with IBM. Separately, in 2024, clients will be able to look forward to continued enhancements to the AIX, IBM i and Linux roadmaps.

Strategy 100

Strategy Cost-Benefit Data-driven Digital Transformation 100

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 130

Consulting Software Business Objectives Optimization 130