CIO Business Intelligence

APRIL 19, 2024

No company got out of 2023 without having a story about how much better their company was going to be, how much better their products were going to be, how much better their customers’ lives were going to be because of generative AI,” he said. growth in 2023. Another big change from 2023 comes in the devices category, which saw a 9.1%

IT 132

IT Software Cost-Benefit ROI 132

Cloudera

JANUARY 5, 2023

In the past year, businesses who doubled down on digital transformation during the pandemic saw their efforts coming to fruition in the form of cost savings and more streamlined data management. For example, Singapore’s United Overseas Bank (UOB) used machine learning to operationalize analytics and provide insights to users across the bank.

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

CIO Business Intelligence

JANUARY 9, 2023

The need to grow smartly Gil Westrich’s company, ClearML, is benefiting from increased adoption of artificial intelligence and machine learning (ML) technology. Closing our offices made sense to conserve energy costs and give people flexibility to come into the office any day from Tuesday through Thursday,” Phelps says.

IT 145

IT Uncertainty Cost-Benefit Digital Transformation 145

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

MAY 5, 2023

x for business value even before ChatGPT became a household name. That is why the omnichannel used-car retailer earned a coveted spot on the 2023 CIO 100 Award list: for its early, innovative use of a nascent AI technology that led to a spike in page views as well as higher SEO ranking and placement that drove substantial business growth.

Digital Transformation 145

Digital Transformation Cost-Benefit Business Driver Data Lake 145

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 79

Cost-Benefit Machine Learning Enterprise Modeling 79

CIO Business Intelligence

MAY 28, 2024

Sun Country Airlines has elevated its customer service since hiring an experienced CIO from United Airlines in early 2023. One industry analyst says Sun Country and other regional airliners with tighter purse strings may be implementing such services later in the game but often it’s to their benefit.

IT 52

IT Digital Transformation Cost-Benefit Data Lake 52

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. Advances in Artificial Intelligence and Machine Learning (AI/ML): AI/ML will continue growing as an important workload in HPC.

Cost-Benefit 59

Cost-Benefit Machine Learning Modeling Uncertainty 59

Rocket-Powered Data Science

FEBRUARY 15, 2023

Generative AI is the biggest and hottest trend in AI (Artificial Intelligence) at the start of 2023. 3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? 2) Why should your organization be doing it and why should your people commit to it? (3)

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

Timo Elliott

FEBRUARY 8, 2023

ActoVent in Germany is a great example of this trend, and has explained the technical and business opportunities in their entry to the SAP Innovation Awards 2023. This has helped guarantee high quality air while reducing energy costs by more than 20% — with further cost cutting opportunities expected in the future.

Modeling 98

Modeling Cost-Benefit Optimization Machine Learning 98

CIO Business Intelligence

APRIL 12, 2023

Real-time AI brings together streaming data and machine learning algorithms to make fast and automated decisions; examples include recommendations, fraud detection, security monitoring, and chatbots. Real-time AI is a science project until benefits to the business are realized. It isn’t easy.

Machine Learning 143

Machine Learning Cost-Benefit Data-driven Strategy 143

CIO Business Intelligence

JANUARY 11, 2024

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. These external factors can have a dramatic impact on business operations and strategic planning.

IT 132

IT Uncertainty Cost-Benefit Strategy 132

CIO Business Intelligence

JANUARY 9, 2024

IT leaders say they’re discussing everything from the costs of AI implementations to whether AI is the existential threat to humanity some fear. The October 2023 CEO Outlook Pulse from professional services firm EY reported that 99% of chief executives were planning to invest in generative AI.

IT 136

IT Risk Cost-Benefit Enterprise 136

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

FEBRUARY 16, 2024

For most organizations, a shift to the cloud brings scalability, access to innovative tools, and the possibility of cost savings. When you’re introducing many new applications, the ease of getting them up and running and lowered costs [on the cloud] is tremendously beneficial,” he says. An early partner of Amazon, the Roseburg, N.J.-based

Digital Transformation 115

Digital Transformation Experimentation Cost-Benefit Machine Learning 115

CIO Business Intelligence

SEPTEMBER 8, 2023

Operating rooms are a significant source of revenue for healthcare organizations — and a main contributor to costs. As such, any cost savings in operating rooms can have broad financial impact on a healthcare facility’s bottom line.

Cost-Benefit 103

Cost-Benefit Machine Learning Metrics Marketing 103

CIO Business Intelligence

FEBRUARY 13, 2023

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. It’s all about uptime and input.

IT 145

IT Insurance Machine Learning Marketing 145

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 92

Unstructured Data Cost-Benefit Experimentation Machine Learning 92

AWS Big Data

NOVEMBER 27, 2023

Today, we’re excited to bring the benefits of Graviton3 to Kafka workloads, with Amazon MSK now offering M7g instances for new MSK provisioned clusters. These performance improvements, along with M7g’s lower prices provide up to 24% in compute cost savings over M5 instances. Gbps up to 10 Gbps M7g.xlarge 4 16 GiB up to 12.5

Cost-Benefit 101

Cost-Benefit Optimization Testing Management 101

IBM Big Data Hub

FEBRUARY 19, 2024

The challenges continue: one 2023 survey found 44% of companies had to make changes in the past year due to issues with their supply chain footprint, and 49% said supply chain disruptions had caused planning problems.

Strategy 84

Strategy Management Forecasting Cost-Benefit 84

IBM Big Data Hub

AUGUST 14, 2023

The Cost of a Data Breach 2023 global survey found that extensively using artificial intelligence (AI) and automation benefited organizations by saving nearly USD 1.8 million in data breach costs and accelerated data breach identification and containment by over 100 days, on average.

Cost-Benefit 58

Cost-Benefit Machine Learning Consulting Data mining 58

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 79

Cost-Benefit Insurance Advertising Consulting 79

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. Benefits: Improved efficiency Reduced cost Enhanced transparency Customer relationship management (CRM) BPR is a pivotal strategy for organizations that want to overhaul their customer relationship management (CRM) processes.

Cost-Benefit 60

Cost-Benefit Finance Optimization Key Performance Indicator 60

CIO Business Intelligence

JANUARY 22, 2024

McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5 Organizations across all industries can benefit from secure practices to limit their remote access exposures. Prior to co-founding Expanse, Matt worked for DARPA, including a deployment to Afghanistan.

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

CIO Business Intelligence

MARCH 23, 2023

So how can you request a new investment from your decision-makers while ensuring minimal costs and maximum ROI this year? Procurement professionals are skilled at negotiating contracts, identifying cost-saving opportunities, and evaluating vendors. Gartner recently cut their expected IT budget prediction from 5.1% to just 2.2%

Scorecard 59

Scorecard Cost-Benefit ROI IT 59

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 93

Reporting Cost-Benefit Internet of Things Data-driven 93

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.” This will continue as organizations start to recognize the benefits of public cloud in the digital world.” Whether new features such as AI should cost extra is a divisive topic.

Sales 52

Sales Enterprise Cost-Benefit Software 52

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.

Consulting 77

Consulting Cost-Benefit Optimization Machine Learning 77

AWS Big Data

MAY 17, 2023

Credit: Phil Goldstein Jerry Wang, Peloton’s Director of Data Engineering (left), and Evy Kho, Peloton’s Manager of Subscription Analytics, discuss how the company has benefited from using Amazon Redshift. As Peloton’s use of Amazon Redshift has evolved and matured, its costs have gone down, according to Wang. “If

Data Warehouse 115

Data Warehouse Cost-Benefit Sales Data-driven 115

CIO Business Intelligence

MAY 16, 2022

To reap the benefits, organizations need to modernize with a decentralized data strategy that delivers the speed and flexibility necessary for driving smarter outcomes for the business. The concept of the edge is not new, but its role in driving data-first business is just now emerging. That’s the promise of edge computing.”.

IoT 94

IoT Data Warehouse Internet of Things Machine Learning 94

CIO Business Intelligence

JANUARY 5, 2024

Until then, the IT part of Radisson was considered a cost center, but thanks to that plan, it became a central pillar of the group’s strategy. This plan covers from 2018 to 2023. This helps us go faster, be more efficient and decrease the cost of change or transformation. When it comes to AI, though, we’re cautious.

IT 115

IT Finance Cost-Benefit Strategy 115

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.

Analytics 75

Analytics Cost-Benefit ROI Business Objectives 75

IBM Big Data Hub

FEBRUARY 6, 2024

Through the development of cyber recovery plans that include data validation through custom scripts, machine learning to increase data backup and data protection capabilities, and the deployment of virtual machines (VMs) , companies can recover from cyberattacks and prevent re-infection by malware in the future.

Cost-Benefit 92

Cost-Benefit Testing Risk Strategy 92

IBM Big Data Hub

MARCH 14, 2024

5G has been hailed as a disruptive technology, comparable to artificial intelligence (AI ), machine learning (ML) and the Internet of Things (IoT) in terms of the kinds of change it will bring about. Supply chains As 5G connectivity spreads, supply chains everywhere will benefit from its lightning-fast speeds and increased reliability.

Technology 60

Technology IoT Cost-Benefit Internet of Things 60

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

MARCH 13, 2023

And despite the uncertain economy, technologists, especially those with specialized skills, are still in high demand, and “established industries” are prepared to pay for talent with the skill sets and experience they need, according to Dice’s 2023 Tech Salary Report.

Machine Learning 98

Machine Learning Technology Software Reporting 98

IBM Big Data Hub

JUNE 30, 2023

Chamber of Commerce , there were more than 10 million job openings in the spring of 2023, but only 5.7 That puts workers at an advantage, allowing them to negotiate for higher pay, better benefits and conditions that create a more favorable work-life balance. According to the U.S. million unemployed workers in the U.S.

Cost-Benefit 56

Cost-Benefit Consulting Machine Learning Strategy 56