CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation.

Cost-Benefit 138

Cost-Benefit Digital Transformation Consulting Strategy 138

CIO Business Intelligence

MAY 26, 2023

When Reliance Polyester — a subsidiary of global conglomerate Reliance Industries — completed its acquisition of polyester business Shubhalakshmi Polyesters (SPL) in March 2023, Dr. Amrut Urkude, CIO of SPL, took over as CIO of Reliance Polyester. The aim is to integrate the two infrastructures by September 2023.

Interactive 98

Interactive Manufacturing Cost-Benefit Digital Transformation 98

CIO Business Intelligence

JUNE 13, 2022

Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023. A Forrester report commissioned by vendor ADA found that 95% of financial firms would like their chatbots to understand customer history with the company. billion, and for insurance, the savings will approach $1.3

Data Processing 95

Data Processing Deep Learning Insurance Cost-Benefit 95

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. A key trend is the adoption of multiple models in production.

Cost-Benefit 94

Cost-Benefit Modeling Manufacturing Interactive 94

DataKitchen

MARCH 16, 2023

All you had to do was to write a few bullet points every week in the text for your report for last your boss. Where is your metrics report? What should be in that report about your data team? There are four main benefits of reducing errors. What should I track? Where do you find errors?

Metrics 130

Metrics Data Analytics Analytics Measurement 130

CIO Business Intelligence

OCTOBER 16, 2023

Instead, failure today means an IT project doesn’t deliver some or all its expected benefits, according to CIOs, project leaders, researchers, and IT consultants. Those benefits go away when a business sponsor is MIA. In other words, IT project failure now is more about missed marks than technological disasters.

IT 135

IT Cost-Benefit Management Digital Transformation 135

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 68

Cost-Benefit Data Processing Optimization Software 68

IBM Big Data Hub

JUNE 23, 2023

For F&A leaders, this means that it may have the ability to transform financial data, such as business performance reports, commentary and narratives. Financial reporting narratives (as well as commentary) play a pivotal role in providing meaningful insights and contextual understanding of a company’s financial performance.

Finance 63

Finance Reporting Cost-Benefit Modeling 63

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 139

Cost-Benefit Metrics Insurance Measurement 139

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. These reports include the cash flow statement, income statement, and balance sheet. You can download FineReport for free and have a try!

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

CIO Business Intelligence

JANUARY 3, 2024

Organizations considering value stream management (VSM) must look at several deciding factors, not the least of which is the potential return on investment (ROI). In fact, VSM has been shown to deliver significant organizational benefits and quantifiable, financial ROI. Organizational Alignment that reduces costs.

Management 129

Management ROI Cost-Benefit Data-driven 129

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 15, 2023

A recent IDC report sponsored by Rimini Street, AI, and ERP: Intelligently Automating the Enterprise and Creating Differentiating Value, by Mickey North Rizza, Group Vice-President Enterprise Software, points out that 51% of businesses are running a digital business. Not everyone concedes the benefits of AI and ERP, she says.

Digital Transformation 128

Digital Transformation Cost-Benefit ROI Manufacturing 128

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. It’s a common scenario.

Digital Transformation 144

Digital Transformation Measurement Data-driven Metrics 144

CIO Business Intelligence

DECEMBER 19, 2023

New data from Synergy Research Group shows that in Q3 2023 enterprise spending on cloud infrastructure services was over $68 billion worldwide, up by $10.5 This tendency to silo security tools and inefficiency creates vulnerabilities and unnecessary costs. million and an ROI of 264%. million and an ROI of 264%.

ROI 108

ROI Cost-Benefit Data-driven Enterprise 108

IBM Big Data Hub

FEBRUARY 12, 2024

A key reason for this hesitancy is the complexity and cost of migrating to a new ERP platform. SAPinsider’s RISE with SAP 2023 report identified the primary benefit as the single contract that enables a cost-effective move 2. SAP offers both cloud and on-prem deployment options for S/4HANA.

Cost-Benefit 73

Cost-Benefit Data Processing Consulting ROI 73

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

datapine

DECEMBER 11, 2019

SaaS is a software distribution model that offers a lot of agility and cost-effectiveness for companies, which is why it’s such a reliable option for numerous business models and industries. A Betterbuys report reveals that the specific expenditure in the U.S. billion by 2022—a level of growth that will shape SaaS trends in 2020.

Software 314

Software Cost-Benefit Data Processing Data-driven 314

IBM Big Data Hub

MAY 9, 2023

This results in both increased ROI and much faster time to market. For AI to be truly transformative, as many people as possible should have access to its benefits. With watsonx.data , businesses can quickly connect to data, get trusted insights and reduce data warehouse costs. Trust is one part of the equation. Watsonx.ai

Data Warehouse 109

Data Warehouse Cost-Benefit Machine Learning Modeling 109

IBM Big Data Hub

SEPTEMBER 11, 2023

Db2 (LUW) was born in 1993, and 2023 marks its 30th anniversary. Forrester’s 2022 Total Economic Impact Report for Data Management highlights the impact Db2 and the IBM data management portfolio is having for customers: Return on investment (ROI) of 241% and payback <6 months.

Machine Learning 90

Machine Learning Cost-Benefit IoT Data Warehouse 90

CIO Business Intelligence

MAY 16, 2023

And now the retailer keeps customized management reports for continuous monitoring. Files include everything from initial contract negotiations to performance reviews and benefit selections. Without modern technology, the HR team also does not have the benefit of push notifications. Consider this example.

IT 52

IT Cost-Benefit Digital Transformation ROI 52