CIO Business Intelligence

JANUARY 4, 2023

Cloud, sustainability, scale, and exponential data growth—these major factors that set the tone for high performance computing (HPC) in 2022 will also be key in driving innovation for 2023. As a community, we keep sharing information and we stay on top of developments to realize the maximum benefits of HPC.

Cost-Benefit 59

Cost-Benefit Machine Learning Modeling Uncertainty 59

Cloudera

MARCH 26, 2024

The release of LLMs surged by 136% in 2023 compared to 2022, and this upward trend is projected to continue in 2024. How much is all this really going to cost? This release will remove the complexity from getting started with AI, delivered as a cost-effective bundle to deliver immediate business value.”

Cost-Benefit 78

Cost-Benefit Machine Learning Enterprise Modeling 78

CIO Business Intelligence

NOVEMBER 14, 2023

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Cloud costs will often — and rapidly — become large line items on budgets. Cloud costs will often — and rapidly — become large line items on budgets. Are we taking advantage of cloud-native benefits?

Strategy 143

Strategy Cost-Benefit IT Key Performance Indicator 143

Jen Stirrup

AUGUST 18, 2023

From a cost perspective, AI keeps reducing downtime. AI also benefits energy management through predictive maintenance because it means more careful use of energy consumption across oil and gas operations. These global conversations and initiatives are where Gastech 2023 comes in.

Optimization 96

Optimization Cost-Benefit IoT Data-driven 96

CIO Business Intelligence

NOVEMBER 27, 2023

How can CIOs deliver accurate, trustworthy AI without the energy costs and carbon footprint of a small city? Six tips for deploying Gen AI with less risk and cost-effectively The ability to retrain generative AI for specific tasks is key to making it practical for business applications. When it comes to Gen AI, you have options.

Risk 128

Risk Cost-Benefit Modeling Optimization 128

FineReport

APRIL 26, 2023

Cost Savings : Big data tools such as FineReport , Hadoop, Spark, and Apache can assist businesses in saving costs by storing and handling huge amounts of data more efficiently. One of the key benefits of FineReport is its ease of use. Another key benefit of FineReport is its flexibility.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

CIO Business Intelligence

JANUARY 16, 2023

Choice Hotels International’s early and big bet on the cloud has allowed it to glean the many benefits of its digital transformation and devote more energies to a key corporate value — sustainability, its CIO maintains. It also helped reduce energy consumption and costs. All the logic is still in Java hosted on Amazon’s infrastructure.”

Cost-Benefit 142

Cost-Benefit Digital Transformation Data Warehouse Data-driven 142

CIO Business Intelligence

JUNE 13, 2022

Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023. Juniper Research forecasts that in 2023 the global operational cost savings from chatbots in banking will reach $7.3 And that not only benefits customers, but it can also increase morale among the employees.

Data Processing 93

Data Processing Deep Learning Insurance Cost-Benefit 93

IBM Big Data Hub

JUNE 13, 2023

In a 2023 survey of IT and cybersecurity professionals , nearly three-quarters (72%) said attack surface discovery alone takes more than 40 person-hours to complete. Manual attack surface management costs time Staying ahead of an expanding enterprise attack surface is almost impossible with manual or disconnected processes.

Management 89

Management Cost-Benefit Risk Data Processing 89

IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications. trillion on retail businesses through 2029. trillion in that year.

Unstructured Data 94

Unstructured Data Cost-Benefit Experimentation Machine Learning 94

IBM Big Data Hub

AUGUST 16, 2023

Gartner predicted that cloud spending would reach nearly $600 billion by the end of 2023. There are many reasons why organizations have embraced cloud services, including improved efficiencies, cost savings, scalability, flexibility and quicker time-to-market.

Cost-Benefit 67

Cost-Benefit Data Processing Optimization Software 67

CIO Business Intelligence

SEPTEMBER 20, 2023

Cost in question The new gen AI features do come at a cost. Assists will be counted regardless of whether an enterprise uses ServiceNow’s LLM, one hosted by a provider such as OpenAI, or one of its own, and once the bundle is used up, enterprises will have to pay again. They’re actually faster, cheaper, and safer.

Cost-Benefit 111

Cost-Benefit Software Finance Interactive 111

Smart Data Collective

MARCH 23, 2023

AI technology offers a number of major benefits of small businesses and freelancers. However, one of the other benefits of AI is that it can help with your taxes! Advanced AI algorithms can reduce costs, save time, and improve ROI. You can also deduct the cost of your AI-driven tax preparation software. trillion by 2030.

Cost-Benefit 80

Cost-Benefit Insurance Advertising Consulting 80

CIO Business Intelligence

MARCH 11, 2024

2023 was a challenging year, to say the least, for our industry – and software/SaaS vendors were hit particularly hard. 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.

Manufacturing 84

Manufacturing Cost-Benefit Finance Marketing 84

CIO Business Intelligence

AUGUST 7, 2023

last year to $306 million, according to a new IDC study, “Worldwide Enterprise Applications Software Forecast 2023-2027: Digital Era Brings Opportunity.” Sales of public cloud enterprise applications software had already overtaken on-premises, hosted, and private-cloud sales by 2022, representing 51.4% Software sales grew 9.8%

Sales 52

Sales Enterprise Cost-Benefit Software 52

CIO Business Intelligence

OCTOBER 21, 2022

But, with all this growth comes new potential costs. Amid a fast-changing landscape, contact center executives have a critical task: Keep pace and grow while also reducing costs and driving efficiency. Let’s look at four key decisions that can fuel effective cost management in contact centers. billion by 2030, a CAGR of 24.8%.

Cost-Benefit 81

Cost-Benefit Testing Metrics Marketing 81

Laminar Security

DECEMBER 1, 2023

According to a recent report by IBM , the average cost of a data breach in 2023 was $4.24 Laminar’s State of Cloud Data Security Report 2023 revealed that three out of four respondents acknowledged that their cloud environments were breached in the previous year. million, the highest it’s been in 17 years.

Modeling 52

Modeling Cost-Benefit Risk Data-driven 52

IBM Big Data Hub

AUGUST 18, 2023

The need for a strong cyber-resilience strategy According to the IBM Cost of Data Breach Report 2023 , the global average cost of data breach was $4.45M. the average cost of a data breach was at its highest, reaching $9.48M. In the U.S.,

Cost-Benefit 78

Cost-Benefit Testing Strategy Risk Management 78

CIO Business Intelligence

DECEMBER 20, 2023

million by 2028, growing at a CAGR of 7.35% from 2023 to 2028. This integration brings forth a suite of tangible benefits. Similarly, FedEx offers a discount on shipping costs after the customer has used the service several times. The global delivery software market is expected to reach USD 3113.16

Software 105

Software Deep Learning B2B Cost-Benefit 105

IBM Big Data Hub

FEBRUARY 6, 2024

For example, a recent Kyndril study (link resides outside ibm.com) concluded that infrastructure failure can cost enterprises as much as USD 100,000 per hour, with application failure ranging from USD 500,000 to USD 1 million per hour. million—a 15% increase over the last 3 years. But what about cyberattacks?

Cost-Benefit 95

Cost-Benefit Testing Risk Strategy 95

CIO Business Intelligence

DECEMBER 19, 2023

Hundreds of low-cost smartphones, subsidized cell plans, Verizon Jetpack Mobile Hotspot devices, and Verizon Internet Gateway Home Routers enable POIC participants to communicate, learn, apply for jobs and more. Cost savings help expand services. The low-cost Verizon plans offered through MiCTA definitely let us save money.

Risk 52

Risk Cost-Benefit Data Processing Technology 52

IBM Big Data Hub

JANUARY 11, 2024

The benefits of business disaster recovery Disasters can cause all kinds of problems for businesses. Reduced costs: According to IBM’s recent Cost of Data Breach Report , the average cost of a data breach last year was USD 4.45 million—a 15% increase over the last 3 years.

Cost-Benefit 100

Cost-Benefit Risk Enterprise Software 100

CIO Business Intelligence

OCTOBER 23, 2023

CIOs and their IT teams have enjoyed a bump in power and prestige in recent years, as the C-suite has embraced continuous transformation, digital everything, and a host of emerging technologies — all enabled by IT. Organizations should optimize IT ops by bringing in automation to continuously look for cost reduction opportunities.

IT 135

IT Consulting Scorecard Key Performance Indicator 135

IBM Big Data Hub

JANUARY 19, 2024

Here are some of the greatest benefits of building a strong disaster recovery strategy: Maintaining business continuity: Business continuity and business continuity disaster recovery (BCDR) help ensure organizations return to normal operations after an unplanned event, providing data protection, data backup and other critical services.

Strategy 97

Strategy Cost-Benefit Testing Risk 97

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. trillion in economic benefits by 2030. Companies are investing in renewable energy projects and implementing energy-efficient technologies and practices.

Reporting 96

Reporting Cost-Benefit Internet of Things Data-driven 96

IBM Big Data Hub

DECEMBER 18, 2023

As enterprises look to address these requirements and achieve growth while adopting innovative AI and hybrid cloud technologies, IBM will continue to meet clients wherever they are in their journeys by helping them make workload placement decisions based on resiliency, performance, security, compliance and cost. All rights reserved.

Digital Transformation 68

Digital Transformation Risk Data Processing Enterprise 68

IBM Big Data Hub

MAY 26, 2023

Leading life sciences companies are discovering the power of cloud in enabling analytics and artificial intelligence (AI) , shrinking innovation cycles, and standardizing processes across global operations, among other benefits. Of these breaches, 45% were cloud-based, costing USD 10.10M on an average, per breach. million.

Consulting 77

Consulting Cost-Benefit Optimization Machine Learning 77

Cloudera

OCTOBER 30, 2023

The public cloud is increasingly becoming the preferred platform to host data analytics – related projects, such as business intelligence, machine learning (ML), and AI applications. The main challenges are pointed out as a lack of resources/expertise, security, and from a different perspective, cloud cost management. Why FinOps?

Analytics 74

Analytics Cost-Benefit ROI Business Objectives 74

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 88

Cost-Benefit Modeling Manufacturing Interactive 88

DataKitchen

FEBRUARY 21, 2023

On 24 January 2023, Gartner released the article “ 5 Ways to Enhance Your Data Engineering Practices.” Or, as one of our customers put it, “How do I increase the total amount of team insight generated without continually adding more staff (and cost)?” Staff turnover, stress, and unhappiness. Summary: 10x your data engineering game.

Data-driven 130

Data-driven Testing Risk Cost-Benefit 130

AWS Big Data

MARCH 10, 2023

Moreover, many customers are looking for an architecture where they can combine the benefits of a data lake and a data warehouse in the same storage location. The transformed zone is an enterprise-wide zone to host cleaned and transformed data in order to serve multiple teams and use cases.

Data Lake 98

Data Lake Sales Data Warehouse Snapshot 98

Smart Data Collective

JANUARY 11, 2021

Cloud computing is also helping manufacturing companies to reduce costs, innovate, and increase their competitiveness. Furthermore, the report found cloud-hosting services are expected to account for almost half of all manufacturing software usage by manufacturing companies by the year 2023. Can Help to Provide Better Quality.

Manufacturing 100

Manufacturing Cost-Benefit Internet of Things Big Data 100

CIO Business Intelligence

JANUARY 4, 2023

In its Worldwide Sustainability/ESG 2023 Predictions , analyst firm IDC sees digital and sustainability transformations converging. This should not just be a discussion about costs; sustainability should be considered as a business outcome.” This will drive down your cost and have a positive impact on sustainability at the same time.”

IT 127

IT Internet of Things Reporting Cost-Benefit 127

CIO Business Intelligence

JANUARY 23, 2023

Microsoft stands to benefit from its investment in three ways. As OpenAI’s exclusive cloud provider it will see additional revenue for its Azure services, as one of OpenAI’s biggest costs is providing the computing capacity to train and run its AI models. The deal, announced by OpenAI and Microsoft on Jan.

Enterprise 131

Enterprise Deep Learning Recreation/Entertainment Interactive 131

CIO Business Intelligence

NOVEMBER 1, 2022

Allan expects the first of those to go online early in 2023 and to produce 500 million kilowatt hours of electricity per year. The fact that we can simultaneously provide motivated VMware Cloud Verified partners with the access to the power they need to make zero carbon emissions a realistic goal is another great benefit.”

Data Processing 103

Data Processing Cost-Benefit Enterprise Software 103

Laminar Security

DECEMBER 11, 2023

Another report by the Ponemon Institute found that the average cost of an insider threat incident had increased from $15.4 million in 2023. What are the benefits of DDR? According to a report by Verizon, insider threats accounted for 30% of data breaches in 2020. million in 2022 to $16.2

Behavioral Analytics 55

Behavioral Analytics Machine Learning Risk Cost-Benefit 55

IBM Big Data Hub

FEBRUARY 23, 2024

billion fine in 2023. Organizations can also host their privacy policies on public, easy-to-find pages on their websites. It has benefits, too. Organizations can stop more data breaches before they happen, avoiding an average cost of USD 4.45 Even the world’s biggest businesses are not free from GDPR woes.

Measurement 80

Measurement Risk Data Collection Data Processing 80