Remove 2022 Remove Optimization Remove Reporting Remove ROI
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The CIO’s 2024 AI playbook

CIO Business Intelligence

The AI hype cycle has peaked: Tens of thousands of companies helped get it there with generative AI in 2023, with two-thirds now reporting they have deployed GAI tools to their workforce. Leverage AI to put IT efficiency into overdrive ChatGPT’s release in 2022 kicked off an unprecedented hype cycle for the new technology.

ROI 105
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Optimizing Your IT Budget While Running a Data-Centric Company

Smart Data Collective

They have heard that big data can be useful, so they invest in it without much consideration for their ROI. This blog post will explore 5 ways to make the most of your IT budget while creating a data strategy in 2022. #1 One of the biggest ways to make the most of your IT budget in 2022 is through network infrastructure upgrades.

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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. Refactoring applications to take advantage of cloud-native services is vital to maximizing cloud ROI.

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

CIO Business Intelligence

One report estimates that 4,000 positions were eliminated by AI in May alone. In 2022, companies were still reeling from the rapid digital transformation efforts to survive the pandemic. Quantify the value: Use data and metrics to demonstrate the potential return on investment (ROI) of IT initiatives.

Modeling 105
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NaaS and the “Experience Economy”

CIO Business Intelligence

According to a IDC 1 , 71 percent of organizations report their long-term planning cycles have shortened due to COVID-19, with 82 percent of the same participants stating that long-term planning cycles have been reduced to two years or less. . IT procurement cycles have accelerated and investments have increased – much more than pre-COVID.

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Real estate CIOs drive deals with data

CIO Business Intelligence

“The only thing we have on premise, I believe, is a data server with a bunch of unstructured data on it for our legal team,” says Grady Ligon, who was named Re/Max’s first CIO in October 2022. billion in 2022, resource industries $82.1 billion in 2022, and personal and consumer services at $82.6 billion in 2022.

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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. for every $1 spent.

IT 128