IBM Big Data Hub

OCTOBER 25, 2023

First, technology leaders need to estimate the full financial impact of modernization (versus the cost of not modernizing) across the organization. Look for relatively discrete and low-risk opportunities to explore proof-of-concept implementations. The first cost factor is the pricing or licensing method.

Cost-Benefit 89

Cost-Benefit ROI Modeling Testing 89

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going. “If

IT 111

IT Cost-Benefit Risk Consulting 111

IBM Big Data Hub

NOVEMBER 6, 2023

With 89% of digital businesses investing in personalization to enhance the customer digital experience , those that fail to do so risk falling behind. Through workload optimization, watsonx.data can reduce the cost of an enterprise’s data warehouse by up to 50%.

Cost-Benefit 110

Cost-Benefit Enterprise ROI Data Warehouse 110

IBM Big Data Hub

JUNE 2, 2023

IBM Consulting’s Accelerated Incremental Mainframe Modernization Legacy applications, while being the current crown jewels of states’ IT ecosystems, hinder business agility and are expensive and complicated, therefore making any rebuild, refactor or integration attempts risky. Why IBM Consulting and AWS?

Consulting 88

Consulting Cost-Benefit Technology ROI 88

CIO Business Intelligence

AUGUST 2, 2023

Modernize with purpose Before you begin, it’s essential to tie any app modernization project to the business need that is being addressed, says Aparna Sharma, a managing partner for hybrid cloud services at IBM Consulting. Picking the right approach requires carefully studying all of the available options before making a final selection.

Consulting 90

Consulting Testing Software Cost-Benefit 90

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) 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. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

IT 101

IT Cost-Benefit ROI Risk 101

erwin

AUGUST 13, 2020

Today, enterprises are trying to grow and innovate – while cutting costs and managing compliance – in the midst of a global pandemic. managing risk vs ROI and emerging countries)? Cost Reduction : What can we do to reduce costs while not impacting the business (e.g., M&A, new markets, products and businesses).

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

CIO Business Intelligence

MAY 2, 2023

GenAI technologies offer significant potential benefits for retail organizations, including speedy price adjustments, customized behavior-based incentives, and personalized recommendations in response to searches and customer preferences. Phadke : I think if some retailers choose to ignore this technology, they risk falling behind.

Cost-Benefit 86

Cost-Benefit Sales Visualization ROI 86

CIO Business Intelligence

NOVEMBER 7, 2022

Panorama Consulting Solutions, which regularly surveys businesses on the outcomes of their ERP projects, shows in its 2022 report that 81% of projects met ROI expectations a year or more after go-live. While we weren’t naïve to the risk of disruption to the business, the extent and magnitude was greater than we anticipated.”

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

IBM Big Data Hub

JUNE 26, 2023

The benefits of AIOps are many. For today’s IT professionals, AIOps is also one of the fastest ways to realize tangible ROI from digital transformation investments. But “always-on” is costly, and too many organizations overprovision to mitigate performance risks (and overspend in the process).

Digital Transformation 56

Digital Transformation Cost-Benefit ROI Data-driven 56

CIO Business Intelligence

APRIL 11, 2022

Gone are the days of the CIO being a back-office IT cost manager,” declares Chris Scheefer, vice president of intelligent industry at technology services and consulting firm Capgemini Americas. Relationships are built on listening, says Rebecca Fox, group CIO at security consulting firm NCC Group. Build business value.

Cost-Benefit 116

Cost-Benefit Digital Transformation Strategy Consulting 116

BA Learnings

AUGUST 7, 2021

Boston Consulting Group conducted a digital transformation study in 2020 to find out why such projects are missing the mark. In addition to that, the risk assessment will not be carried out properly, and you won’t know what pitfalls lie ahead until you’re already knee-deep in the problem. Let’s consider customer service as an example.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

Anmut

APRIL 6, 2023

What are the Benefits of Doing a Data Maturity Assessment? What are the Benefits of Doing a Data Maturity Assessment? Here are some of the benefits of doing a data maturity assessment: 1. Ready to unlock the benefits of a Data Maturity Assessment? Want to understand where risks and costs lie in your organisation’s data?

Cost-Benefit 52

Cost-Benefit Data Quality Data Governance Measurement 52

CDW Research Hub

NOVEMBER 11, 2020

Are there ways to optimize the current cost of our security posture? Security Cost Optimization Assessment. This assessment gauges and optimizes the current cost of your security posture. Key service areas include: Cloud enablement: Creates a simple, cost-effective path to the cloud. Security Controls Results Snapshot.

Optimization 52

Optimization Cost-Benefit Snapshot Testing 52

CIO Business Intelligence

MARCH 21, 2022

Staying razor-focused on business benefits and communicating in a language everyone understands is central to successful IT initiatives, whether the project involves state-of-the-art technology like robotic process automation (RPA) or is a bit more mundane, like upgrading an aging data center. For example, the C-suite’s No.

IT 131

IT Digital Transformation Consulting Technology 131

datapine

JANUARY 24, 2021

An average business user and cross-departmental communication will increase its effectiveness, decreasing time to make actionable decisions and, consequently, provide a cost-effective solution. Or even better: “Which marketing campaign that I did this quarter got the best ROI, and how can I replicate its success?”. Giving the most ROI?

IT 317

IT Statistics KPI Data-driven 317

Smart Data Collective

NOVEMBER 29, 2021

Many business owners have discovered the wonders of using big data for a variety of common purposes, such as identifying ways to cut costs, improve their SEO strategies with data-driven methodologies and even optimize their human resources models. You can look at successful events and the ROI they brought in for the companies hosting them.

Data Analytics 111

Data Analytics Analytics Big Data B2B 111

IBM Big Data Hub

JUNE 23, 2023

Figure 3 highlights ancillary benefits that conversational AI technology provides. Improve consistency and accuracy: Consistency in messaging across different reports and reporting periods is a critical benefit. The project should provide quick wins and measure the results rigorously to determine the impact on performance and ROI.

Finance 64

Finance Reporting Cost-Benefit Modeling 64

Anmut

MARCH 22, 2023

Anmut’s own clients estimate that poor data quality and availability causes at least 16% additional cost per year. The Anmut 5-step data maturity model At Anmut, we’ve created a data maturity model in consultation with data managers, academics, and business leaders. And data governance both starts and depends on people.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

Jet Global

FEBRUARY 18, 2020

Previously, executives often relied on “squishy metrics” to prove they were generating revenue, reducing costs, optimizing CapEx or OpEx, or retaining customers. So there are many levels of benefit when using these technologies. I remember seeing teams of hundreds of consultants working on $400 million implementation projects.

Data-driven 64

Data-driven Machine Learning Cost-Benefit ROI 64

Jedox

APRIL 23, 2020

The key benefits of SPM automation are: Savings of 3% to 5% in sales compensation expenses & over payments. Reduced operational costs in administering various SPM functions. However, updates to these rules must be made by skilled and highly trained consultants. Data-driven analytics to speed up decisions and actions.

Sales 52

Sales Management B2B Dashboards 52

Jet Global

JUNE 16, 2020

In addition to providing outsourced CFO and specialized consulting services, Tyee reaches an audience of accounting insiders through his widely-consumed articles, podcasts, and YouTube videos. With the economic turbulence, there’s a risk of seeing a lot of unpaid invoices. How have the challenges changed after the outbreak?

Finance 52

Finance Cost-Benefit Metrics Data-driven 52

CIO Business Intelligence

MAY 13, 2024

The study identified the top CEO priorities as, among others, leading digital transformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI. That’s not all, though, says Yang Shim, technology consulting leader with professional services firm EY Americas.

IT 125

IT Digital Transformation ROI Strategy 125

IBM Big Data Hub

NOVEMBER 10, 2023

Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs.

Cost-Benefit 104

Cost-Benefit Insurance Consulting Unstructured Data 104

CIO Business Intelligence

APRIL 18, 2022

Organizations that continued full speed ahead with their digital transformation initiatives during the COVID-19 pandemic are able to ruminate on what went right and what they would have done differently, with the benefit of hindsight. Rich Nanda, US strategy and analytics offerings leader, Deloitte Consulting. Deloitte Consulting. “In

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

IBM Big Data Hub

NOVEMBER 22, 2023

Here are some key benefits an enterprise resource planning system can bring when managing all aspects of the business. Improve transparency and insights One of the benefits of ERP is that it offers full access to every business function and process in an organization all in one place. An ERP system could potentially reduce those costs.

Cost-Benefit 67

Cost-Benefit Consulting Software Enterprise 67

datapine

JANUARY 18, 2023

Operational reports are commonly used in manufacturing, logistics, and retail as they help keep track of inventory, production, and costs, among others. Here, you can spot pivotal trends based on costs, task statuses, margins, costs, and overall project revenue. This healthcare report aims to do just that.

Reporting 201

Reporting Metrics Dashboards Visualization 201

IBM Big Data Hub

SEPTEMBER 11, 2023

What makes or breaks the success of a modernization is our willingness to develop a detailed, data-driven understanding of the unique needs of those that we aim to benefit. How to prioritize : Use data to understand what enhancements and capabilities would bring the greatest benefit.

Data-driven 90

Data-driven IT Measurement Cost-Benefit 90

IBM Big Data Hub

MAY 9, 2023

This results in both increased ROI and much faster time to market. For AI to be truly transformative, as many people as possible should have access to its benefits. With watsonx.data , businesses can quickly connect to data, get trusted insights and reduce data warehouse costs. Trust is one part of the equation. Watsonx.ai

Data Warehouse 109

Data Warehouse Cost-Benefit Machine Learning Modeling 109

Domino Data Lab

JANUARY 6, 2019

What are the projected risks for companies that fall behind for internal training in data science? more depth in the case studies), plus different styles of instruction (“ROI” gets discussed, a lot) are needed. For example, an exec from a large, well-known consulting firm explained to me how they rarely send staff to in-person courses.

Data Science 56

Data Science Machine Learning Reporting Visualization 56

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

Based on the decisions being made and how quickly plans can adjust to new forecast updates, what is the cost of forecasting too high or too low? If the costs of prediction error are asymmetric (e.g. What is the reduction in cost of a forecast that was improved by human intervention? 95th percentile).

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Jet Global

JANUARY 12, 2021

In fact, when you consider the tangible business benefits that powerful reporting can provide, an investment in BI tools delivers a very strong ROI. That means allocating scarce IT resources to the task or paying expensive outside consultants to do the job. Have they resulted in meaningful costs to the company?

Strategy 69

Strategy IT Cost-Benefit Finance 69

Andrew White

JANUARY 9, 2022

Yet there is no inclusion in the conversation about the costs and issues related to the battery and materials used in the most expensive part of the EV. Data virtualization is a way to use data without actually copying it; it helps achieve some of the benefit of data integration and at the same time avoid some of the costs.

Analytics 64

Analytics Measurement Modeling Data-driven 64

IBM Big Data Hub

AUGUST 15, 2023

Here are some of the ways organizations today are making that shift and reaping the benefits of AI in a practical and ethical way. Well-built foundation models offer significant benefits; the use of AI can save businesses countless hours building their own models. The pilot also made it easier to gain important HR insights.

IT 81

IT Data Governance Modeling Cost-Benefit 81

Andrew White

JANUARY 11, 2021

As with any good consulting response, “it depends.” With a success behind you, sell that experience as the kind of benefit you can help improve. Do you recommend a consulting approach strategy rather than a CDO strategy? Some data is more a risk than valuable. Risk Management (most likely within context of governance).

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

MAY 1, 2023

These benefits provide a 360-degree feedback loop. In this new era, users expect to reap the benefits of analytics in every application that they touch. Users are coming to expect sophisticated analytics at little or no cost. All benefit from the enhanced functionality and additional reporting and analytics.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52