CIO Business Intelligence

JUNE 6, 2023

By using a simple equation, the value calculator provides a quantitative estimate of the potential return on investment (ROI) of a particular initiative. However, this model doesn’t look at the whole picture – it’s overly simplistic and not flexible enough for the way we do business these days.

Optimization 52

Optimization Cost-Benefit ROI Data-driven 52

CIO Business Intelligence

SEPTEMBER 10, 2024

“We are embedding AI-powered capabilities across the suite so customers are benefiting from it as soon as they log in,” Evan Goldberg, founder and executive vice president of Oracle NetSuite, said in a statement. “By Bickley cautioned, however, that NetSuite will have to prove value to drive a renewal cost increase for these services. “It

IT 115

IT Cost-Benefit ROI Enterprise 115

O'Reilly on Data

SEPTEMBER 15, 2020

AI Benefits and Stakeholders. AI is a field where value, in the form of outcomes and their resulting benefits, is created by machines exhibiting the ability to learn and “understand,” and to use the knowledge learned to carry out tasks or achieve goals. AI-generated benefits can be realized by defining and achieving appropriate goals.

Advertising 300

Advertising Cost-Benefit ROI Machine Learning 300

CIO Business Intelligence

JANUARY 3, 2024

These objections often include, “But we’ve always done it this way” (resistance to change), “It works just fine as is” (accepting the status quo which may be a sub-optimal solution), “Let’s wait until post-build” (pushing things off until later), “Let’s start with the metaverse” (being distracted by shiny objects), and more.

Cost-Benefit 134

Cost-Benefit ROI Manufacturing Optimization 134

CIO Business Intelligence

JUNE 9, 2023

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. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

Strategy 115

Strategy Management Key Performance Indicator ROI 115

CIO Business Intelligence

JULY 24, 2024

This dynamic framework offers CIOs a powerful tool to continually optimize their technology portfolios, ensuring their organizations remain agile, efficient, and future-ready. Data-driven decisions: Leverage data and analytics to assess new technologies’ potential impact and ROI. Use minimum viable products (MVPs) to validate concepts.

Technology 98

Technology Experimentation Cost-Benefit ROI 98

CIO Business Intelligence

JUNE 21, 2023

A common but critical challenge I hear from CIOs, CTOs, and CDOs every day is that they have a difficult time helping the C-suite understand that IT is the very architecture for the future of business, not a cost center. Speak their language: Frame your arguments in terms of business outcomes and financial benefits.

Modeling 105

Modeling Cost-Benefit ROI Business Objectives 105

CIO Business Intelligence

AUGUST 14, 2024

It’s embedded in the applications we use every day and the security model overall is pretty airtight. The cost of OpenAI is the same whether you buy it directly or through Azure. Its model catalog has over 1,600 options, some of which are also available through GitHub Models. That’s risky.”

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

CIO Business Intelligence

MAY 23, 2022

Enterprises moving their artificial intelligence projects into full scale development are discovering escalating costs based on initial infrastructure choices. Many companies whose AI model training infrastructure is not proximal to their data lake incur steeper costs as the data sets grow larger and AI models become more complex.

Experimentation 136

Experimentation Cost-Benefit Data Lake Data Science 136

CIO Business Intelligence

SEPTEMBER 30, 2024

She points to a recent initiative in which the job matching and hiring platform company started using large language models (LLMs) to add a highly customized sentence or two to the emails it sends to job seekers about open positions that match their qualifications. Everyone is looking at AI to optimize and gain efficiencies, for sure.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

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 123

Cost-Benefit Measurement Optimization Metrics 123

CIO Business Intelligence

SEPTEMBER 14, 2023

In a rapidly evolving business landscape, where innovation and cost efficiency are paramount, the launch of VMware Cross-Cloud managed services at VMware Explore 2023 Las Vegas is a pivotal moment. Flexibility: Organizations can now choose the cloud environments that best suit their specific needs.

Management 85

Management Cost-Benefit Optimization ROI 85

Smart Data Collective

JANUARY 27, 2022

More businesses than ever are transitioning to data-driven business models. They have heard that big data can be useful, so they invest in it without much consideration for their ROI. Not only will this improve productivity, but it can also lead to cost savings down the road. 3 Upgrade Your Network Infrastructure.

Optimization 108

Optimization IT Big Data Cost-Benefit 108

CIO Business Intelligence

SEPTEMBER 24, 2024

To that end, Wiedenbeck and his team are tackling “unit cost,” or the expense of specific products and services, such as writing a policy, servicing a claim, or handling a customer request. See IDC PlanScape: Unit-Based Costing to Optimize IT Performance for an exploration of how unit cost can be applied to digital products and services.)

IT 126

IT Insurance Cost-Benefit Risk 126

datapine

SEPTEMBER 29, 2022

More generally, low-quality data can impact productivity, bottom line, and overall ROI. No, its ultimate goal is to increase return on investment (ROI) for those business segments that depend upon data. Industry-wide, the positive ROI on quality data is well understood. The 5 Pillars of Data Quality Management. 1 – The people.

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

MAY 9, 2023

Like most CIOs you’ve no doubt leaned on ROI, TCO and KPIs to measure the business value of your IT investments. Of late, concerns about the public “cloud-first” approach have emerged to challenge business value and skewer ROI, TCO and KPIs. Others conducted apples-to-apples comparisons of public cloud versus on-premises costs.

ROI 125

ROI Cost-Benefit KPI Uncertainty 125

IBM Big Data Hub

OCTOBER 25, 2023

Hybrid cloud allows them to take advantage of powerful open-source large language models (LLMs), use public data and computing resources to train their own models and securely fine-tune their models while keeping their proprietary insights private. They need to champion modernization as a business initiative, not an IT project.

Cost-Benefit 82

Cost-Benefit ROI Modeling Data-driven 82

Cloudera

OCTOBER 30, 2023

The main challenges are pointed out as a lack of resources/expertise, security, and from a different perspective, cloud cost management. The decentralized resource provisioning approach, foundational to cloud solutions and infrastructure, faces a big challenge when it comes to governing the costs of on-demand resource allocation/utilization.

Analytics 83

Analytics ROI Cost-Benefit Business Objectives 83

CIO Business Intelligence

DECEMBER 7, 2022

Put simply, it’s no longer a question of if your organization needs to fully optimize its IT production environments, but why haven’t you optimized them already? million in labor costs (contract or permanent) over a three-year period. Building a business case and defining a clear path to ROI. Top-down or bottom-up?

ROI 94

ROI Cost-Benefit Data-driven Modeling 94

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

Alation

FEBRUARY 20, 2020

With a cloud deployment, enterprises can leverage a “pay as you go” model; reducing the burden of incurring capital costs. Not only can resources be quickly provisioned and optimized for different workloads and processing needs, but it can be done cost effectively. Data that needs to be tightly controlled (e.g.

Data Lake 52

Data Lake ROI Metadata Cost-Benefit 52

DataRobot Blog

AUGUST 18, 2022

Challenges in inventory management, demand forecasting, price optimization, and more can result in missed opportunities and lost revenue. According to McKinsey & Company, organizations that implement AI improve logistics costs by 15%, inventory levels by 35%, and service levels by 65% 2. Benefits of AI in Supply Chain.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

CIO Business Intelligence

AUGUST 16, 2022

Elaborating on some points from my previous post on building innovation ecosystems, here’s a look at how digital twins , which serve as a bridge between the physical and digital domains, rely on historical and real-time data, as well as machine learning models, to provide a virtual representation of physical objects, processes, and systems.

Visualization 145

Visualization Cost-Benefit IoT ROI 145

Smart Data Collective

OCTOBER 13, 2021

Over time, it is true that artificial intelligence and deep learning models will be help process these massive amounts of data (in fact, this is already being done in some fields). Data virtualization is becoming more popular due to its huge benefits. What benefits does it bring to businesses?

Visualization 133

Visualization Cost-Benefit Big Data Prescriptive Analytics 133

CIO Business Intelligence

MAY 1, 2024

Gen AI takes us from single-use models of machine learning (ML) to AI tools that promise to be a platform with uses in many areas, but you still need to validate they’re appropriate for the problems you want solved, and that your users know how to use gen AI effectively.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

OCTOBER 30, 2023

Disruption has moved from the exception to the norm With disruption now a constant rather than one-off event, organizations must be able to quickly react to change with agility across all aspects of their operating models. It’s no longer sufficient to pursue after-the-fact transformations.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

CIO Business Intelligence

FEBRUARY 22, 2024

There’s no defined hierarchical structure, but the Hub is based on a transversal and collaborative model where groups are created, and employees from all areas work on specific projects along with external experts. One of the main strategic transversal areas is AI. With this in mind, the AI ​​CoE acts along two clear lines at a global level.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

Smart Data Collective

JANUARY 11, 2023

Some of the case studies on the benefits of data-driven marketing are quite promising. Most of the discussions on the benefits of big data in marketing focus on technology businesses. You need keep up with the latest trends in big data technology and know how to use technology to improve your business model.

Data-driven 102

Data-driven Marketing Advertising Big Data 102

IBM Big Data Hub

NOVEMBER 6, 2023

Enterprises should strategically align pricing models to the needs of SMBs Usage-based pricing models or fixed time-based pricing models — such as monthly subscriptions or one-time payments — allow enterprises to meet the distinct needs of each SMB.

Cost-Benefit 101

Cost-Benefit Enterprise Data Warehouse ROI 101

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Obtaining more insight into hidden costs (e.g., Transitioning to Business Value .

Cost-Benefit 105

Cost-Benefit Business Objectives ROI Risk 105

CIO Business Intelligence

JUNE 28, 2023

Belcorp operates under a direct sales model in 14 countries. The second stage focused on building algorithms and models to predict and simulate intricate biological conditions, accelerate discoveries, reduce risks, and optimize the cost-benefit ratio of technological developments using AI solutions.

Digital Transformation 101

Digital Transformation Cost-Benefit Informatics Data mining 101

CIO Business Intelligence

AUGUST 31, 2023

When organizations began to fully embrace both the work-from-anywhere (WFA) user model and multi-cloud strategies, IT leadership quickly realized that traditional networks lack the flexibility needed to support modern digital transformation initiatives.

Cost-Benefit 98

Cost-Benefit ROI Digital Transformation Optimization 98

CIO Business Intelligence

MAY 9, 2024

Driving business benefits Companies seeking CAIOs are looking to reap myriad benefits from AI adoption, ranging from improved decision-making, to increased efficiency of business processes, higher-quality services, profitability, talent management, customer experience, and innovation.

Risk Management 138

Risk Management Risk Cost-Benefit Technology 138

CIO Business Intelligence

MARCH 11, 2024

Solutions that not only span functions, but also have industry-specific features and benefits that provide more value by supporting and enabling users to be productive and more competitive in specific industries. A generic CRM might manage leads, but can it optimize industry pricing?

Manufacturing 94

Manufacturing Cost-Benefit Finance Marketing 94

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation. Our focus is on curating reusable data and AI insights,” she says.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

JANUARY 24, 2024

The product — a building or bridge — might be physical but it can be represented digitally, through virtual design and construction, she says, with elements of automation that can optimize and streamline entire business processes for how physical products are delivered to clients. So they’ll be patient when it comes to ROI.

Risk Management 115

Risk Management Risk Management Digital Transformation 115

CIO Business Intelligence

JANUARY 23, 2024

The culture transformation and evolutions in digital core competencies that CIOs target as their new collaborative operating models require KPIs to guide executives on where to focus leadership efforts, communications, and process improvements. Successful transformation delivers more employee and customer value faster and at lower cost.

Measurement 140

Measurement Digital Transformation KPI Metrics 140