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Where’s the ROI for AI? CIOs struggle to find it

CIO Business Intelligence

“I have found very few companies who have found ROI with AI at all thus far,” he adds. The concern about calculating the ROI also rings true to Stuart King, CTO of cybersecurity consulting firm AnzenSage and developer of an AI-powered risk assessment tool for industrial facilities.

ROI 142
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Forrester Does the Math on the ROI of the Alation Data Catalog

Alation

In The Forrester Wave: Machine Learning Data Catalogs, 36% to 38% of global data and analytics decision makers reported that their structured, semi-structured, and unstructured data each totaled 1,000 TB or more in 2017, up from only 10% to 14% in 2016. The research examined the potential ROI enterprises realize by deploying Alation.

ROI 52
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A Few 2016 Technology Predictions

In(tegrate) the Clouds

I enjoy the end of the year technology predictions, even though it’s hard to argue with this tweet from Merv Adrian: By 2016, 99% of readers will be utterly sick of predictions. 2016 will be the year of the data lake. In 2016, which software company will be the biggest game-changer for the long term? Does Elon Musk count?

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12 famous ERP disasters, dustups and disappointments

CIO Business Intelligence

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.”

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Belcorp reimagines R&D with AI

CIO Business Intelligence

Finally, our goal is to diminish consumer risk evaluation periods by 80% without compromising the safety of our products.” Gopalan says that effectively communicating the potential benefits, demonstrating a clear ROI, and addressing any potential challenges were key to winning buy-in and support from the leadership team for the project.

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Do You Need an AI Impact Statement?

DataRobot

According to the Guinness Book of World Records, the largest Rube Goldberg consists of 412 steps and was achieved by Scandiweb in Riga, Latvia, on December 2, 2016. Like any other business or IT project, AI systems need to be managed to deliver ROI and operate reliably. But not all AI poses serious risks.

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More on ‘Where You Invest Your Firms’ Capital Matters’

Andrew White

One of blogs in 2016 teed up some ideas I was working on at the time: Where You Spend Your Firms’ Capital Matters. Such behaviors may depend on the degree to which an ROI of some kind is evaluated ahead of the investment. Others may include a firms risk appetite, which might lead to self-enforced success.