Remove 2022 Remove Business Intelligence Remove Metrics Remove ROI
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Misled by metrics: 7 KPI mistakes IT leaders make

CIO Business Intelligence

Today, many CIOs feel the same way about metrics. Metrics are only as good as their source. Too often, technology companies pay consulting or analyst firms to create metrics based on the best characteristics of their offerings,” says Judith Hurwitz, CEO of Hurwitz Strategies, an emerging technology consulting firm.

Metrics 130
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Selling the C-suite on preemptive IT investments

CIO Business Intelligence

With greater scrutiny on margins and ROI, CIOs must spend wisely, making today’s economic environment a more difficult one for selling preemptive projects that don’t produce immediate ROI. When these additional costs appear, the original ROI prognosticators get unhappy. The average cost of a data breach is $4.64

ROI 117
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5 ways to maximize your cloud investment

CIO Business Intelligence

Optimizing cloud investments requires close collaboration with the rest of the business to understand current and future needs, building effective FinOps teams, partnering with providers, and ongoing monitoring of key performance metrics. We need hard metrics because we’re running 800 instances of cloud computers.

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AI in marketing: How to leverage this powerful new technology for your next campaign

IBM Big Data Hub

Content generation: The recent launch of OpenAI’s generative AI platform ChatGPT in November of 2022 has prompted a flood of new use cases for AI. Improved return on investment (ROI) on marketing initiatives: AI marketing tools can help marketers identify actionable insights from data generated by a campaign in near real-time.

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Generative AI won’t automate your way to business model innovation

CIO Business Intelligence

In 2022, companies were still reeling from the rapid digital transformation efforts to survive the pandemic. Generative AI is already starting to power the day-to-day tools we use, inspire a new wave of intelligent applications, and even reimagine the world of enterprise software and the world of IT.

Modeling 102
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3 areas where gen AI improves productivity — until its limits are exceeded

CIO Business Intelligence

According to a research report IDC released in November, based on a survey of over 2,100 business leaders and decision makers with responsibility for AI transformation, 71% of companies already using AI are seeing returns on their AI investments within 14 months, averaging $3.50 for every $1 spent.

IT 122
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How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

And since no one except CIOs has the technical nerve of a business; they are seizing the opportunity to increase value to the organization while positioning themselves as thought leaders. . While we are at it, Gartner’s 2022 report on business composability further pushes the need for analytics.