CIO Business Intelligence

FEBRUARY 15, 2024

Following are ways CIOs can help overcome disconnect in the C-suite on the evolving nature of their role in an effort to better enable support for their digital strategies. The dialogue with the board and with human resources is fruitful, and the managers are receptive, which greatly facilitates the digital strategy.”

Strategy 117

Strategy Digital Transformation Cost-Benefit Forecasting 117

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Strategy 73

Strategy Cost-Benefit Key Performance Indicator Consulting 73

IBM Big Data Hub

JANUARY 16, 2024

A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes. Why is a strong product development strategy important? Consumers have access to more information than ever to compare products and brands.

Strategy 84

Strategy Cost-Benefit Testing Manufacturing 84

datapine

OCTOBER 11, 2023

Every day, more and more businesses realize the value of analyzing their own performance to boost strategies and achieve their goals. Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success. What Is A Warehouse KPI?

Metrics 217

Metrics KPI Management Cost-Benefit 217

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. Without it, businesses incur steep costs, but the downside, or costs, are often unclear because calculating data management’s return on investment (ROI), or upside, is a murky exercise. Without it, organizations incur a significant opportunity cost.

Strategy 114

Strategy Management Key Performance Indicator ROI 114

IBM Big Data Hub

JUNE 12, 2023

While central banks have a very different mission from commercial banks, what they do have in common is the need to modernize their IT operations to support digital transformation, contain costs, source key skills and mitigate operational and cybersecurity risks. Know yourself, your stakeholders and your data. appeared first on IBM Blog.

Strategy 96

Strategy Cost-Benefit Digital Transformation Uncertainty 96

IBM Big Data Hub

NOVEMBER 20, 2023

An organization is only as strong as its talent pool, so organizations have increasingly embraced talent management as a core component of their overarching strategy. Demonstrate a strong approach during recruitment and onboarding Talent management strategies begin before an organization ever hires someone.

Strategy 109

Strategy Management Cost-Benefit Consulting 109

CIO Business Intelligence

JUNE 23, 2023

According to the MIT Technology Review Insights Survey, an enterprise data strategy supports vital business objectives including expanding sales, improving operational efficiency, and reducing time to market. The problem is today, just 13% of organizations excel at delivering on their data strategy.

Data Strategy 112

Data Strategy Strategy Visualization Consulting 112

datapine

FEBRUARY 9, 2024

The process helps businesses and decision-makers measure the success of their strategies toward achieving company goals. How does Company A measure the success of each individual effort so that it can isolate strengths and weaknesses? This, in turn, will cause problems like wasted focus, wayward strategies, and loss of revenue.

KPI 221

KPI Management Key Performance Indicator Measurement 221

CIO Business Intelligence

DECEMBER 13, 2022

Recently, chief information officers, chief data officers, and other leaders got together to discuss how data analytics programs can help organizations achieve transformation, as well as how to measure that value contribution. Measuring data analytics’ value Participants shared questions about how to measure data analytics program value.

Data Analytics 102

Data Analytics Strategy Analytics Metrics 102

IBM Big Data Hub

AUGUST 15, 2023

Similarly, comprehending the savings realized in a cloud-cost-optimization journey offers valuable insights into the impact of your efforts. It’s like having a financial guide by your side, showing you the tangible benefits of your optimization strategies and motivating you to keep pushing forward. In version 8.9.3,

Optimization 66

Optimization Measurement Cost-Benefit Dashboards 66

datapine

JULY 3, 2019

In a hyper-connected digital world driven by data, there has never been a better time for businesses to gather meaningful insights on their target prospects, in addition to measuring ongoing levels of commercial growth and performance. Social media KPIs are values that measure the performance of social media marketing (SMM) campaigns.

Metrics 219

Metrics KPI Strategy ROI 219

IBM Big Data Hub

JUNE 20, 2023

Here’s what you need to know in order to build a successful strategy. The following are the six stages of asset lifecycle management: Planning: In the first stage of the asset lifecycle, stakeholders assess the need for the asset, its projected value to the organization and its overall cost. What is an asset?

Strategy 79

Strategy Management Cost-Benefit IoT 79

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. These applications are designed to benefit logistics and shipping companies alike. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

datapine

APRIL 12, 2023

A loyal, high-value repeat customer is worth more than a cheap sale, and by implementing the right strategy, setting the right goals, and working with the right KPIs, you will achieve the results you desire. But how do you calculate the impact of your promotional strategies? Keep reading to find out!

Sales 176

Sales KPI Metrics Cost-Benefit 176

IBM Big Data Hub

NOVEMBER 30, 2023

Talent acquisition refers to the ongoing strategy and process an organization and its HR department uses to source, attract, evaluate, hire and retain the highly-qualified new employees it needs to grow. A well-crafted talent acquisition strategy has become a critical component for organizations seeking to secure a competitive edge.

Strategy 69

Strategy Cost-Benefit Consulting Data-driven 69

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 123

Modeling Cost-Benefit IT ROI 123

IBM Big Data Hub

APRIL 10, 2023

Fortunately, business benefits and ESG benefits are not mutually exclusive: sustainability efforts can help boost business value for organizations that are committed and effective in execution. A well-designed data foundation can also be a game-changer when it comes to managing ESG (environmental, social, and governance) commitments.

Strategy 95

Strategy Data Architecture Cost-Benefit Reporting 95

CIO Business Intelligence

JANUARY 10, 2024

Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. FinOps is part of the equation, but from a CIO perspective, you need a top-down view that starts with the strategy before you talk about the components of it,” McMasters says.

Cost-Benefit 120

Cost-Benefit Measurement Optimization Metrics 120

CIO Business Intelligence

FEBRUARY 28, 2024

Flexibility, Scalability, and Implementation Challenges The flexibility and scalability of SD-WAN are underscored as crucial benefits for organizations embarking on digital transformation journeys. SD-WAN is not a one-size-fits-all solution, and aligning the technology with a comprehensive digital strategy is crucial.

Cost-Benefit 97

Cost-Benefit Digital Transformation ROI Strategy 97

datapine

JUNE 15, 2023

These analytical tools allow decision-makers to get a sense of their performance in a number of areas and extract valuable insights to inform their future strategies and boost growth. Keep reading to find a definition, benefits, examples, and some key best practices to generate them successfully! What Is A Performance Report?

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

Anmut

MARCH 22, 2023

A data maturity model helps your company measure its data and business health. Anmut’s own clients estimate that poor data quality and availability causes at least 16% additional cost per year. This stage is typical for organisations that are just starting to develop their data strategy. Why do we need data maturity models?

Measurement 52

Measurement Modeling Data Quality Data Governance 52

Smart Data Collective

NOVEMBER 12, 2021

To address newer challenges, security providers have developed new technologies and strategies to combat evolving threats. To get acquainted with the ways security firms are handling the new breed of threats in cyberspace, here’s a rundown of the notable strategies the leading cybersecurity platforms and security firms are offering.

Strategy 133

Strategy Enterprise Testing Cost-Benefit 133

Peter James Thomas

MARCH 17, 2020

Data Strategy creation is one of the main pieces of work that I have been engaged in over the last decade [1]. In my last article, Measuring Maturity , I wrote about Data Maturity and how this relates to both Data Strategy and a Data Capability Review. The latter has to be imbued with real commercial benefits being delivered.

Data Strategy 80

Data Strategy Strategy Cost-Benefit Business Intelligence 80

datapine

SEPTEMBER 6, 2022

That said, measuring the success of your those efforts is another great part of the job, and on many occasions, it can prove to be overwhelming as you need to use multiple tools to gather the data. To get you started on the topic, we’ve put together this guide including definitions, benefits, examples, and a list of best practices.

Dashboards 179

Dashboards Reporting ROI Metrics 179

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 138

Cost-Benefit ROI Sales Enterprise 138

CIO Business Intelligence

APRIL 23, 2024

One meaning: initiatives that, as outlined above, have potential benefit but a high probability of failure. You can choose to not charter a risky initiative, ignoring and eschewing its potential benefits. Which is to say if your preventive measures work, you’ll be found guilty of having cried wolf — of inflating the risk.

Risk 112

Risk IT Insurance Risk Management 112

CIO Business Intelligence

APRIL 29, 2024

By leveraging data-driven methods, businesses can optimize and reclaim operating capital from their extensive technology budgets, reducing expenses without resorting to drastic measures. However, it’s important to remember that headcount and budget cuts are not the only strategies to streamline costs.

Technology 65

Technology Cost-Benefit Data-driven Finance 65

datapine

JUNE 22, 2022

3) Benefits Of Setting KPIs Targets & Goals. In order to really ensure you are growing and making the most out of your data-driven efforts, it is necessary to implement measurable goals that will allow you to efficiently assess your strategic efforts. Benefits Of Setting KPI Targets & Goals. Table of Contents.

KPI 152

KPI Key Performance Indicator Measurement Cost-Benefit 152

IBM Big Data Hub

JANUARY 5, 2023

Meaning, data architecture is a foundational element of your business strategy for higher data quality. A data strategy can help data architects create and implement a data architecture that improves data quality. Steps for developing an effective data strategy include: 1. Having to deal with all of them can be devastating.

Data Quality 52

Data Quality Data Architecture Strategy Data Lake 52

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

BA Learnings

JANUARY 11, 2019

In order to keep your business competitive, drive growth, ensure continuous improvement and enhance profits, a Business Intelligence (BI) strategy is essential. But a BI strategy is not just about technology or choosing the right platform. Therefore, a BI strategy is not to be taken lightly or in haste.

Business Intelligence 100

Business Intelligence Strategy Key Performance Indicator Cost-Benefit 100

Smart Data Collective

NOVEMBER 5, 2023

The digital marketing sector is among those most influenced by the benefits of analytics technology. Why Are More Companies Investing in Analytics to Bolster their Digital Marketing Strategies? Experts such as Neil Patel have extensive guides on using analytics to get more value out of their marketing strategies.

Marketing 107

Marketing Analytics ROI Data-driven 107

datapine

AUGUST 19, 2020

Inventory metrics are indicators that help you monitor, measure, and assess your performance – and thus, give you some keys to optimize your processes as well as improve them. Indeed, they help you drive the most effective behaviors, strategies, and decisions. Your Chance: Want to visualize & track inventory KPIs with ease?

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

datapine

SEPTEMBER 29, 2022

5) How Do You Measure Data Quality? There are a lot of strategies that you can use to improve the quality of your information. With quality data at their disposal, organizations can form data warehouses for the purposes of examining trends and establishing future-facing strategies. Table of Contents. 2) Why Do You Need DQM?

Data Quality 241

Data Quality Metrics Data-driven Management 241

Sisense

APRIL 17, 2020

I recommend starting your data strategy with a right-to-left approach, focusing on the desired business outcomes first, instead of the data, to support those outcomes,” says Charles Holive, Sisense Managing Director of Data Monetization and Strategy Consulting. Experiment to guide a winning data strategy.

Data Strategy 81

Data Strategy Strategy Digital Transformation Data Warehouse 81

Smart Data Collective

APRIL 3, 2022

However, many feel that their data strategies are not proving to be effective. According to a report by VentureBeat, only 13% of companies feel that their data strategies are providing the results they are looking for. One of the reasons that data strategies often turn out to be ineffective is that companies define them too narrowly.

Data Strategy 97

Data Strategy Strategy Data-driven Big Data 97