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 279

Advertising Cost-Benefit Marketing Risk 279

CIO Business Intelligence

APRIL 25, 2024

During the summer of 2023, at the height of the first wave of interest in generative AI, LinkedIn began to wonder whether matching candidates with employers and making feeds more useful would be better served with the help of large language models (LLMs). Cost considerations One aspect that Bottaro dubbed “a hurdle” was the cost.

IT 133

IT Experimentation Cost-Benefit Metrics 133

O'Reilly on Data

APRIL 30, 2024

Market structure is not simply the number of firms, but the cost structure and economic incentives in the market that follow from the institutions, adjacent government regulations, and available financing. For social media platforms, this was addictive content to increase time spent on platform at any cost to user health.

Risk 229

Risk Advertising Cost-Benefit Sales 229

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

CIO Business Intelligence

FEBRUARY 29, 2024

Everest Group, which monitors 8,500 captive centers around the world, counted 452 new setups in 2023. Captive centers are no longer just means of value creation, providing cost savings and driving process standardization. The upside of captives today Some benefits of captive centers are the same as ever.

Cost-Benefit 105

Cost-Benefit Risk Modeling Strategy 105

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 138

Strategy Cost-Benefit IT Key Performance Indicator 138

CIO Business Intelligence

MAY 23, 2023

Given what we’ve heard from customers in the past two years, it is no surprise that organizations are prioritizing increased predictability and cost control. These needs for improved predictability underscore the findings that “flexible financing” was chosen by a 4:1 margin in lieu of paying based on a usage metric.

Finance 86

Finance Cost-Benefit Consulting Metrics 86

IBM Big Data Hub

MAY 17, 2024

” Given the statistics—82% of surveyed respondents in a 2023 Statista study cited managing cloud spend as a significant challenge—it’s a legitimate concern. Most “lifted and shifted” apps can operate in a cloud environment but might not to reap the full benefits of cloud. Why move to cloud?

Modeling 96

Modeling Cost-Benefit Optimization Digital Transformation 96

CIO Business Intelligence

DECEMBER 19, 2022

In times of scarce digital and marketing skills availability, this is a seriously important benefit. This reduces cost, improves timeliness of campaign delivery, and most importantly increases marketing’s ability to directly control its budget spend.

Advertising 97

Advertising Cost-Benefit Metrics Marketing 97

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. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

Strategy 81

Strategy Management Forecasting Cost-Benefit 81

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

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 57

Cost-Benefit Finance Optimization Key Performance Indicator 57

CIO Business Intelligence

APRIL 5, 2023

Employers benefitted too, releasing some of their real estate for savings on facility costs and reducing travel expenses. In 2023, 58% of knowledge workers in the United States will continue to be able to work remotely at least one day a week, while 38% will continue as full-time remote workers. ©2023 Intellyx LLC.

Cost-Benefit 104

Cost-Benefit Metrics Measurement Digital Transformation 104

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 87

Cost-Benefit Machine Learning Metrics Marketing 87

CIO Business Intelligence

APRIL 28, 2022

According to a Deloitte report , 73% of respondents said their organizations have embarked on a path to intelligent automation and they predict that robotic process automation (RPA) will reach almost universal adoption sometime in 2023. Understand the cost. Clearly define success. Determine the competitive landscape.

Cost-Benefit 77

Cost-Benefit Insurance Metrics Software 77

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 71

Cost-Benefit Testing Metrics Marketing 71

CIO Business Intelligence

FEBRUARY 7, 2023

In 2023, CIOs are guided to focus on enhancing workforce engagement, customer experience, and data and AI. Yet, it’s not uncommon for executives to cut costs in areas that actually improve customer experiences and also double-down on investments that can minimize them. There’s much to be done.

Uncertainty 107

Uncertainty Cost-Benefit Sales Reporting 107

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. The benefits of strategic sourcing are vast, ranging from overall supply chain process optimization to more cost-effective, long-term relationships with partners.

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

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. Real-time AI is a science project until benefits to the business are realized. What metrics are used to understand the business impact of real-time AI? It isn’t easy.

Machine Learning 128

Machine Learning Cost-Benefit Data-driven Strategy 128

CIO Business Intelligence

AUGUST 22, 2023

Underlining the need for building a customer-centric mindset , he says IT leaders must “adopt a methodology that elevates customer experience as a top-level metric, on par with technical and functional requirements that technology teams have traditionally been responsible for.” What’s your guidance for IT leaders on this?

Digital Transformation 91

Digital Transformation Cost-Benefit Marketing Metrics 91

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 129

IT Consulting Scorecard Key Performance Indicator 129

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 95

Cost-Benefit Strategy Management Uncertainty 95

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 89

Reporting Internet of Things Cost-Benefit Data-driven 89

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 64

Cost-Benefit Data Processing Optimization Software 64

Smart Data Collective

JULY 4, 2023

It is easy to see why this is an important topic of conversation in 2023. Tools like Selenium can help automate many of these tasks with the benefits of AI. Reporting and analytics: digitization removes manual paperwork-based record keeping and provides instant insights on costs, timelines, and other performance metrics.

Technology 74

Technology Software Data-driven Measurement 74

AWS Big Data

AUGUST 23, 2023

Since its release in January 2021, the OpenSearch project has released 14 versions through June 2023. With managed domains, you can use advanced capabilities at no extra cost such as cross-cluster search, cross-cluster replication, anomaly detection, semantic search, security analytics, and more.

Snapshot 94

Snapshot Dashboards Visualization Metrics 94

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. Working capital serves as a metric that evaluates a company’s liquidity, operational efficiency, and short-term financial well-being.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

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 54

Cost-Benefit Consulting Machine Learning Strategy 54

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 72

Cost-Benefit Digital Transformation Sales IoT 72

CIO Business Intelligence

MAY 1, 2024

For example, a quarter of IT decision-makers in Foundry’s 2023 AI Priorities Study are piloting gen AI technologies, but only 20% have moved on to deployment. But talking to IT teams like the AI professionals in Intel’s 2023 ML Insider survey suggests only 10% of organizations put gen AI solutions into production in 2023.

Cost-Benefit 136

Cost-Benefit Metrics Insurance Measurement 136

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 123

Measurement Cost-Benefit Management Metrics 123

CIO Business Intelligence

MAY 27, 2024

A study by Verizon in their 2023 Data Breach Investigations Report found that 68% of breaches involved a human element, such as social engineering, misuse of privileges, or simple mistakes. The incident cost Maersk over $300 million in losses. But it isn’t a question of ”if” an organization will be targeted, but “when.”

Cost-Benefit 103

Cost-Benefit Statistics ROI Measurement 103

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 96

Data Processing Cost-Benefit Enterprise Software 96

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 125

Management IT IoT Cost-Benefit 125

CIO Business Intelligence

SEPTEMBER 25, 2023

According to TEKsystems’ 2023 State of Digital Transformation , 41% of organizations’ digital transformation (DX) initiatives have failed to achieve their desired outcomes. Infosys’ Digital Radar 2023 report found that only 5% of enterprises currently have or are implementing a live data approach. Adya says many executives answer no.

Digital Transformation 142

Digital Transformation Measurement Data-driven Metrics 142

FineReport

MAY 25, 2023

An HR dashboard functions as an advanced analytics tool that utilizes interactive data visualizations to present crucial HR metrics. KPIs and Metrics of an HR Dashboard A human resources dashboard should incorporate various essential metrics that offer a comprehensive organizational overview. What is an HR Dashboard?

Dashboards 52

Dashboards Metrics Cost-Benefit Key Performance Indicator 52

CIO Business Intelligence

JANUARY 20, 2023

Benefits of BI BI helps business decision-makers get the information they need to make informed decisions. The potential use cases for BI extend beyond the typical business performance metrics of improved sales and reduced costs.

Business Intelligence 137

Business Intelligence Dashboards Data mining OLAP 137