CIO Business Intelligence

MARCH 5, 2024

In 2023, enterprises worldwide spent $166 billion on AI solutions (AI software, hardware, and services), but that spending is expected to grow 27% per year to $423 billion by 2027, according to IDC’s report. But that’s about to change, said Fleming, as executive leadership seeks to understand how AI and automation benefit the bottom line.

Key Performance Indicator 116

Key Performance Indicator Cost-Benefit KPI Software 116

CIO Business Intelligence

FEBRUARY 15, 2024

Graded’s Ardolino says that when he presents a project to top management, he starts with a descriptive overview and then combines KPIs that can measure the estimated positive impact in different business areas, for example reduction in man hours or the benefits of data retrieval.

Strategy 134

Strategy Digital Transformation Cost-Benefit Forecasting 134

CIO Business Intelligence

FEBRUARY 27, 2024

Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024. The resulting infrastructure of choice — a combination of on-premises and hybrid-cloud platforms — will aim to reduce cost overruns, contain cloud chaos, and ensure adequate funding for generative AI projects.

Strategy 144

Strategy Cost-Benefit Data Processing Data-driven 144

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. Due to the rapid growth in data sizes, there’s an increased need for HPC solutions that can run large training models.

Cost-Benefit 59

Cost-Benefit Machine Learning Modeling Uncertainty 59

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 270

Advertising Cost-Benefit Marketing Risk 270

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. We have to make sure everyone understands what they are doing, why they are doing it, and — most importantly — how success will be measured.”

IT 133

IT Uncertainty Cost-Benefit Strategy 133

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)? These changes may include requirements drift, data drift, model drift, or concept drift.

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

CIO Business Intelligence

JULY 6, 2023

One thing is for sure – meeting ESG goals can drive value if it can be done consistently, with automation and minimal costs. Automation, integration and consistency make it flow By the end of 2023, companies in Germany with more than 3,000 employees must have implemented the due diligence obligations under SCDDA.

Cost-Benefit 96

Cost-Benefit Risk Digital Transformation Risk Management 96

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. For example, a computer manufacturing company could develop new models or add features to products that are in high demand. Top 10 Big Data Tools 1.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Jen Stirrup

MAY 22, 2024

In this blog post about Microsoft Build 2024, I will focus on AI Search and RAG modelling. These reference architectures and implementation guides allow enterprises to deploy intelligent applications confidently, ensuring reliability, cost-efficiency, and compliance. What is Retrieval Augmented Generation - RAG?

Cost-Benefit 40

Cost-Benefit Risk Modeling Business Objectives 40

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? Gartner attempted to list every metric under the sun in their recent report , “T oolkit: Delivery Metrics for DataOps, Self-Service Analytics, ModelOps, and MLOps, ” published February 7, 2023. Under Velocity, the Mean Time to Deliver Data metric measures the time it takes to deliver data.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

CIO Business Intelligence

APRIL 5, 2023

The pandemic of 2020 forced the rest of the world to move knowledge workers out of the office into fully or partially remote work models. Employers benefitted too, releasing some of their real estate for savings on facility costs and reducing travel expenses. We’re settling on a hybrid model of digital work.

Cost-Benefit 116

Cost-Benefit Metrics Measurement Digital Transformation 116

CIO Business Intelligence

APRIL 12, 2023

All of this needs to work cohesively in a real-time ecosystem and support the speed and scale necessary to realize the business benefits of real-time AI. Most current data architectures were designed for batch processing with analytics and machine learning models running on data warehouses and data lakes. It isn’t easy.

Machine Learning 145

Machine Learning Cost-Benefit Data-driven Strategy 145

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. Implementing robust security measures fosters trust, nurtures customer loyalty, and strengthens brand reputation. The global delivery software market is expected to reach USD 3113.16

Software 111

Software Deep Learning B2B Cost-Benefit 111

IBM Big Data Hub

AUGUST 18, 2023

Entities will also be expected to put appropriate cybersecurity protection measures in place. 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.

Cost-Benefit 79

Cost-Benefit Testing Strategy Risk Management 79

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. Circular economy: When waste is a resource Waste not, want not: the circular economy model, which aims to minimize unnecessary waste and make the most of resources, is booming.

Reporting 97

Reporting Cost-Benefit Internet of Things Data-driven 97

Smart Data Collective

JULY 4, 2023

It is easy to see why this is an important topic of conversation in 2023. AI models can detect an increase in mentions or events within specific domains and compare them to related data points. Tools like Selenium can help automate many of these tasks with the benefits of AI.

Technology 73

Technology Software Data-driven Measurement 73

IBM Big Data Hub

APRIL 18, 2024

While these large language model (LLM) technologies might seem like it sometimes, it’s important to understand that they are not the thinking machines promised by science fiction. Most experts categorize it as a powerful, but narrow AI model. A key trend is the adoption of multiple models in production.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

CIO Business Intelligence

OCTOBER 23, 2023

According to its 2023 research paper Total Enterprise Reinvention , “only 8% of companies are moving to adopt a strategy of Total Enterprise Reinvention.” Jain says that starts by understanding the definition of “customer,” which Jain defines as “anybody who benefits from your services and products.” IT needs to go beyond that.

IT 137

IT Consulting Scorecard Key Performance Indicator 137

CIO Business Intelligence

SEPTEMBER 21, 2023

Today’s foundational models are jacks-of-all-trades. With a pre-trained model, you can bring it into HR, finance, IT, customer service—all of us are touched by it.” It doesn’t matter how accurate an AI model is, or how much benefit it’ll bring to a company if the intended users refuse to have anything to do with it.

Enterprise 130

Enterprise Consulting Modeling Cost-Benefit 130

CIO Business Intelligence

JULY 7, 2023

As an IT management framework, ITIL can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. As of 2023, ITIL 4 has been fully rolled out and Axelos announced the discontinuation of ITIL 3 at the start of 2022.

Cost-Benefit 98

Cost-Benefit Strategy Management Uncertainty 98

Cloudera

JANUARY 14, 2021

Blended use brick and mortar enable better pricing and convenience to consumers than digital pure-plays, and physical stores now serve as micro-fulfillment centers—through BOPIS (buy online, pick-up in-store) or curbside delivery—and drive down overall cost-to-serve. Reinventing Brick and Mortar is Delivering Fresh Customer Experiences.

Cost-Benefit 69

Cost-Benefit Digital Transformation Sales IoT 69

CIO Business Intelligence

AUGUST 17, 2023

“Since the middle of last year, we’ve been analyzing the potential impact, opportunities, and risks of the speed of innovation in this area, as well as introduced policies and implemented measures to minimize risks,” he says. That said, I believe once these barriers are overcome, benefits-led implementation will be swift.”

Risk 98

Risk Cost-Benefit Strategy Unstructured Data 98

CIO Business Intelligence

NOVEMBER 6, 2023

Gallup estimates that this phenomenon cost the economy $7.8 According to the Gallup State of the Global Workforce 2023 Report , 41% of respondents attributed their lack of engagement to leadership and the workplace culture. When you get rewards right, however, you will reap near instant benefits, according to Gallup.

Measurement 133

Measurement Cost-Benefit Management Metrics 133

IBM Big Data Hub

JUNE 23, 2023

Though AI adoption may seem daunting, the flexibility and scalability of emerging foundational models will most certainly accelerate AI adoption as enterprises are empowered to put AI to work at the strategic core of F&A processes. What is generative AI, what are foundation models, and why do they matter?

Finance 64

Finance Reporting Cost-Benefit Modeling 64

CIO Business Intelligence

MAY 1, 2024

Gen AI takes us from single-use models of machine learning (ML) to AI tools that promise to be a platform with uses in many areas, but you still need to validate they’re appropriate for the problems you want solved, and that your users know how to use gen AI effectively.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

FineReport

MAY 31, 2023

In this article, we will explore the concept of a financial dashboard, highlight its numerous benefits, and provide various kinds of financial dashboard examples for you to employ and explore. In today’s dynamic business environment, gaining comprehensive visibility into financial data is crucial for making informed decisions.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

CIO Business Intelligence

FEBRUARY 12, 2024

An arrow for the right: This way lies calculating the cost of IT assets versus their business value. And frankly it’s the difference between being viewed as a cost center or as a value generator. Multicloud estates heighten cost complexity However, the IT landscape has become far more distributed of late.

Cost-Benefit 119

Cost-Benefit Optimization Software Strategy 119

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

NOVEMBER 17, 2023

Managed service provider business model Managed service providers structure their business to offer technology services cheaper than what it would cost an enterprise to perform the work itself, at a higher level of quality, and with more flexibility and scalability.

Management 130

Management IT IoT Cost-Benefit 130

IBM Big Data Hub

APRIL 11, 2024

Compliance with official policies through auditing tools and other measures is merely the final step. In the context of AI, it can refer to the safety and ethics guardrails of AI tools and systems, policies concerning data access and model usage or the government-mandated regulation itself. The term governance can be slippery.

Risk 78

Risk Consulting Modeling Data Processing 78

AWS Big Data

DECEMBER 8, 2023

In 2021, FanDuel’s workloads almost tripled since they first started using Amazon Redshift in 2018, and they started evaluating Redshift RA3 nodes vs. DC2 nodes to take advantage of the storage and compute separation and deliver better performance at lower costs. The following diagram illustrates this architecture.

Data Warehouse 70

Data Warehouse Cost-Benefit KPI Risk 70

IBM Big Data Hub

APRIL 4, 2024

In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028, and it is forecast to increase by USD 619.08 Private cloud combines the main benefits of cloud computing—chiefly on-demand access to computing resources (e.g.,

Data Processing 100

Data Processing Cost-Benefit Software Digital Transformation 100

CIO Business Intelligence

JUNE 20, 2023

According to GitLab’s 2023 Global DevSecOps Report , 56% of organizations report using DevOps or DevSecOps methodologies, growing roughly 10% from 2022, for improved security, higher developer velocity, cost and time savings, and better collaboration. According to IBM , a single data breach costs $9.4 What is DevSecOps?

Cost-Benefit 98

Cost-Benefit Testing Software Reporting 98

CIO Business Intelligence

JUNE 6, 2023

And the market for doing so remains robust for corporations looking to make the most of the model. The implication is that while some businesses are cutting costs and many tech companies are announcing layoffs, forward-looking enterprises are investing and collaborating with startups. But CIOs should remain strategic.

Key Performance Indicator 105

Key Performance Indicator Cost-Benefit Enterprise Experimentation 105

CIO Business Intelligence

AUGUST 15, 2023

Shamim Mohammad, CIO, CarMax CarMax That volume created a Sisyphean task for the company’s content writers, as they struggled to provide up-to-date information by make, model, and year for each vehicle in the company’s constantly changing inventory.

IT 98

IT Manufacturing IoT Cost-Benefit 98

CIO Business Intelligence

MAY 13, 2024

In contrast, CEOs didn’t even list AI in their top 10 priorities for CIOs in 2023. I do see companies having more conversations about AI and adjusting expectations as they make investments to take advantage of the benefits that AI brings,” she says. “I 3, according to the State of the CIO survey.

IT 131

IT Digital Transformation ROI Strategy 131