CIO Business Intelligence

FEBRUARY 27, 2024

Does your organization see technology infrastructure as a commodity or as a strategic business enabler? The answer will shape your approach to infrastructure: you can keep legacy infrastructure going as long as you can, or you can pursue the cutting edge of technology. Legacy technology also affects sustainability.

Technology 98

Technology Management Manufacturing Cost-Benefit 98

Smart Data Collective

SEPTEMBER 10, 2023

We have talked at length about the benefits of cloud technology. In the ever-evolving landscape of networking solutions, cloud-based Network-as-a-Service (NaaS) has emerged as a transformative technology. Improved Security: NaaS providers often implement robust security measures, safeguarding your network from threats.

Technology 107

Technology Cost-Benefit Data Processing Software 107

Smart Data Collective

AUGUST 30, 2022

The market for cloud technology is booming. The sudden growth is not surprising, because the benefits of the cloud are incredible. Enterprise cloud technology applications are the future industry standard for corporations. Cloud technology results in lower costs, quicker service delivery, and faster network data streaming.

Technology 133

Technology Enterprise Cost-Benefit Testing 133

Smart Data Collective

MAY 26, 2022

However, few people realize that data technology is helping solve environmental issues. Big data technology has helped us make these findings. This means that cities need to measure the air quality at many different locations instead of just a few. Measure ROI of air quality sensors. It will also help develop solutions.

Technology 129

Technology ROI Cost-Benefit Measurement 129

datapine

OCTOBER 11, 2023

3) Top 15 Warehouse KPIs Examples 4) Warehouse KPI Dashboard Template The use of big data and analytics technologies has become increasingly popular across industries. 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.

Metrics 217

Metrics KPI Management Cost-Benefit 217

Smart Data Collective

JULY 4, 2023

Last year, the World Meteorological Association reported that AI technology is playing an increasingly more important role in disaster management. Fortunately, AI technology can help mitigate some of these issues. A number of technological tools at their disposal rely on AI to help deal with these growing problems.

Technology 74

Technology Software Data-driven Measurement 74

Smart Data Collective

MARCH 27, 2020

With the technology available today, there’s even more data to draw from. Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. It goes without saying that more expensive cars cost more to insure. The good news is that this new data can help lower your insurance rate.

Insurance 108

Insurance Measurement Risk Cost-Benefit 108

CIO Business Intelligence

MAY 27, 2024

The Human Factor in Cybersecurity Cybersecurity is not just about technology; it’s about people. The ROI of Cybersecurity Training Investing in cybersecurity training is not just a defensive measure; it’s a strategic investment that can yield significant returns. The incident cost Maersk over $300 million in losses.

Cost-Benefit 100

Cost-Benefit Statistics ROI Measurement 100

IBM Big Data Hub

JUNE 14, 2023

Smart manufacturing (SM)—the use of advanced, highly integrated technologies in manufacturing processes—is revolutionizing how companies operate. Smart manufacturing, as part of the digital transformation of Industry 4.0 , deploys a combination of emerging technologies and diagnostic tools (e.g.,

Manufacturing 72

Manufacturing Technology Internet of Things Cost-Benefit 72

CIO Business Intelligence

MAY 29, 2024

As Eli Lambert, Managing Director of Accenture’s Global IT Finance Platforms, noted, “a significant challenge for a large IT enterprise is keeping up with the speed of business and ahead of technology change. Beyond that, re-solutioning legacy custom code to leverage extensibility has provided its own benefits.

Cost-Benefit 97

Cost-Benefit Finance Strategy Risk 97

CIO Business Intelligence

MAY 22, 2024

Finding the return on investment for AI remains elusive for many organizations, even as they rush to adopt the technology. Other top concerns include a lack of talent and skills among employees and a lack of confidence in AI technologies. Nearly half of respondents pointed to challenges with showing its value.

ROI 142

ROI IT Measurement Cost-Benefit 142

IBM Big Data Hub

JULY 25, 2023

New technologies are shaping the way we produce, distribute and consume energy. But the import of smart grid technologies transcends utility companies; smart grids also empower consumers to take control of their energy consumption. One such technology is advanced metering infrastructure (AMI). Wi-Fi, Z-Wave, Zigbee and 4G/5G).

Optimization 57

Optimization Technology Measurement Cost-Benefit 57

Smart Data Collective

AUGUST 9, 2022

Fortunately, new technology can help enhance cybersecurity. Big data technology is becoming more important in the field of cybersecurity. Cybersecurity experts are using data analytics and AI to identify warning signs that a firewall has been penetrated, conduct risk scoring analyses and perform automated cybersecurity measures.

Big Data 110

Big Data Technology Testing Cost-Benefit 110

CIO Business Intelligence

MAY 30, 2024

Despite these concerns, CIOs are bullish on the value of AI, though only half say the most important gains will include cost reductions. Instead, productivity gains (83%) are far and away the top expected benefit, followed by increased competitiveness (77%). Financial resources are also a concern.

ROI 99

ROI Digital Transformation Cost-Benefit Measurement 99

CIO Business Intelligence

MAY 1, 2024

For example, a quarter of IT decision-makers in Foundry’s 2023 AI Priorities Study are piloting gen AI technologies, but only 20% have moved on to deployment. This is an incredible technology that can raise productivity, save time, and be a great human assistant,” says Gownder.

Cost-Benefit 139

Cost-Benefit Metrics Insurance Measurement 139

IBM Big Data Hub

MARCH 14, 2024

5G has been hailed as a disruptive technology, comparable to artificial intelligence (AI ), machine learning (ML) and the Internet of Things (IoT) in terms of the kinds of change it will bring about. To answer that question, we first must look at how 5G works and what makes it different than other technologies. What is 5G? What is 5G?

Technology 60

Technology IoT Cost-Benefit Internet of Things 60

CIO Business Intelligence

MAY 29, 2024

“On the surface and as it exists today, AI and sustainability take you in opposite directions,” says Srini Koushik, president of AI, technology and sustainability at Rackspace Technology. “AI AI will benefit humanity in many ways,” says Koushik. And this is only the beginning. The power consumption is growing exponentially.”

Cost-Benefit 66

Cost-Benefit Measurement Reporting Modeling 66

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? Key performance indicators enable businesses to measure their own ability to set and achieve goals.

KPI 221

KPI Management Key Performance Indicator Measurement 221

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. The following 10 priorities should be at the top of your list.

Cost-Benefit 141

Cost-Benefit Digital Transformation Optimization Measurement 141

CIO Business Intelligence

JANUARY 12, 2023

Citing an impactful list of benefits, from enhancing production quality and protecting worker safety to filling knowledge gaps and preventing maintenance issues, nearly 70% of manufacturing IT is set to be deployed at the edge within the next two years. [1] Defects cause problems for a company’s brand and bottom line.

Manufacturing 73

Manufacturing Technology IoT Internet of Things 73

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

CIO Business Intelligence

JANUARY 10, 2024

Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. Plus, you need to balance the FinOps team’s need for autonomy against the CIO’s need for centralized control to gain economies of scale and avoid runaway costs. Then there’s housekeeping.

Cost-Benefit 111

Cost-Benefit Measurement Optimization Metrics 111

Smart Data Collective

SEPTEMBER 11, 2020

Savvy technology evangelists recognize the importance of AI in the 21 st Century, especially as Internet technology continues to evolve. An article in CISCOMAG talks about the benefits of using AI in improving network security. IoT is the technology that enhances communication by connecting network devices and collecting data.

Technology 97

Technology IoT Internet of Things Cost-Benefit 97

CIO Business Intelligence

FEBRUARY 28, 2024

However, a transformative technology known as Software-Defined Wide Area Network (SD-WAN) is making significant waves in India and globally. The technology allows for dynamic rerouting of traffic, prioritization of critical applications, and performance-based routing to optimize network efficiency.

Cost-Benefit 94

Cost-Benefit Digital Transformation ROI Strategy 94

CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. Continuous and dependable funding facilitates IT leaders’ ability to deliver leading-edge technology solutions while not increasing technical debt. Meanwhile, CIOs want certainty when it comes to funding.

Modeling 117

Modeling Cost-Benefit IT ROI 117

Ontotext

FEBRUARY 21, 2024

This is part of Ontotext’s AI-in-Action initiative aimed at enabling data scientists and engineers to benefit from the AI capabilities of our products. In this blog post, we dive into the capabilities of Ontotext’s semantic technology products and solutions that facilitate NLQ.

Knowledge Discovery 64

Knowledge Discovery Technology Metadata Data-driven 64

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 134

Cost-Benefit ROI Sales Enterprise 134

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It’s a hot topic, and as technologies continue to evolve at a rapid pace, the scope of the cloud continues to expand. More and more CRM, marketing, and finance-related tools use SaaS business intelligence and technology, and even Adobe’s Creative Suite has adopted the model. Table of Contents.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

datapine

SEPTEMBER 29, 2022

5) How Do You Measure Data Quality? In this article, we will detail everything which is at stake when we talk about DQM: why it is essential, how to measure data quality, the pillars of good quality management, and some data quality control techniques. Technology is only as efficient as the individuals who implement it.

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

JANUARY 22, 2024

AI-driven technology is not just a side project anymore. According to a recent analysis by EXL, a leading data analytics and digital solutions company, healthcare organizations that embrace generative AI will dramatically lower administration costs, significantly reduce provider abrasion, and improve member satisfaction.

Cost-Benefit 101

Cost-Benefit Digital Transformation Data-driven Interactive 101

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. Stage 2: Risk While there is a general awareness of the benefits of data governance , roles are poorly understood.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

CIO Business Intelligence

MAY 30, 2024

To achieve that, we needed a cost-effective solution that could streamline workflows, provide a robust view of procurement processes in real-time, identify rogue spending, and enable us to audit all agencies by the Dec. The demand is coming from companies [that] have been told by strategy firms that they must cut costs to preserve margins.

IT 127

IT Cost-Benefit Key Performance Indicator Dashboards 127

IBM Big Data Hub

JUNE 8, 2023

Technology, when harnessed effectively, can provide innovative solutions such as those that help to protect and restore reefs. Together with IBM’s support, the aim is leveraging data from the ocean and technology, and taking the project to the next level. However, technology alone is not the solution.

Technology 78

Technology Measurement Cost-Benefit Data-driven 78

Smart Data Collective

SEPTEMBER 20, 2023

In the last decade, we’ve observed an immense surge in technological advancements. However, there are far more benefits that cannot be overlooked. Cost-Effective Storage Solutions With billions of devices producing data, the storage demands are bound to be colossal. Cloud computing provides a cost-effective alternative.

IoT 118

IoT Internet of Things Cost-Benefit Manufacturing 118

CIO Business Intelligence

JUNE 9, 2023

But head starts don’t need to take years to make a difference, especially in the fast-moving world of technology where the window of opportunity is much shorter. In technology, hesitate, and you may not be able to catch up to your competitors. Without it, organizations incur a significant opportunity cost.

Strategy 107

Strategy Management Key Performance Indicator ROI 107

CIO Business Intelligence

MARCH 5, 2024

Prediction 1: AI will be judged more by its tangible business impact Until now, GenAI has been seen as an exciting new technology without the pressure of business outcomes. But that’s about to change, said Fleming, as executive leadership seeks to understand how AI and automation benefit the bottom line.

Key Performance Indicator 104

Key Performance Indicator Cost-Benefit KPI Software 104

datapine

APRIL 12, 2023

The three biggest sales priorities confirmed by business leaders are closing more deals (28%), improving sales funnel efficiency (18%), and enhancing sales technology (11%). In November, while running an advertising campaign that cost $1,500, the retailer sells $20,000 worth of ethical sweaters online. Keep reading to find out!

Sales 176

Sales KPI Metrics Cost-Benefit 176