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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

However, there are even more important benefits of using big data during a bad economy. As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. Big data offers many benefits for companies in any economy. In 2023, big data Is no longer a luxury.

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What your CFO really needs in periods of economic uncertainty

CIO Business Intelligence

The pressure is on to navigate economic uncertainty. Solicit input from trusted deputies and document the risks and implications of specific line items. Build multiple budget scenarios with increasing levels of cost reduction to illustrate the plays you could run in response to various market conditions.

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11 ways to reduce your IT costs now

CIO Business Intelligence

Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Each dollar of operational cost reduction drips directly to the bottom line.”

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Burnout: An IT epidemic in the making

CIO Business Intelligence

Burnout is quickly becoming a widespread problem for IT organizations. The wake of the COVID-19 pandemic, mass tech industry layoffs, and the demand to keep pace with constantly evolving technology are all prominent factors contributing to a state of exhaustion among IT pros, according to industry surveys. And it can be hard to spot.

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Advice from procurement: How to evaluate and propose new IT investments

CIO Business Intelligence

As the world continues to experience economic uncertainty, IT leaders look to tighten budgets, consolidate tools and resources, and generally become more risk-averse when evaluating new investments. So how can you request a new investment from your decision-makers while ensuring minimal costs and maximum ROI this year?

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How customers capture real economic value with zero trust

CIO Business Intelligence

But in today’s world, endlessly extending the network to more branch offices, remote users, and cloud apps, and defending network access through ever-growing stacks of point product hardware appliances breeds significant costs. You will also see examples of the benefits reaped by customers of the One True Zero Trust Platform.

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SAP’s new generative AI pricing: Neither transparent nor explainable yet

CIO Business Intelligence

Premium Plus includes access to sustainability insights derived from business processes’ carbon footprints and financial costs (SAP’s “ green ledger ”), new generative AI capabilities accessed through its Joule virtual assistant, improved forecasting, and the ability to create a portal for suppliers to simplify spend management.