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 134

Cost-Benefit Metrics Insurance Measurement 134

Smart Data Collective

JANUARY 30, 2023

However, there are other benefits of AI in marketing that get less publicity. As AI continues to change the marketing landscape , marketers will keep looking for new ways to automate various processes, reduce the scope of human error and lower costs. This is possibly the most important benefit of using AI for PPC advertising.

Advertising 96

Advertising Cost-Benefit Marketing Strategy 96

CIO Business Intelligence

MAY 13, 2024

The study identified the top CEO priorities as, among others, leading digital transformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI. In contrast, CEOs didn’t even list AI in their top 10 priorities for CIOs in 2023. And CEOs are looking to CIOs to create those products.”

IT 120

IT Digital Transformation ROI Strategy 120

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 is aligned with research firm Gartner’s predictions that the software and IT services segments will both see double-digit growth in 2024, largely driven by cloud spending.

ROI 93

ROI Cost-Benefit Data-driven Enterprise 93

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. An examination of cloud capabilities and maturity is a key component of this digital transformation and cloud adoption presents tremendous upside.

Modeling 91

Modeling Cost-Benefit Optimization Digital Transformation 91

CIO Business Intelligence

SEPTEMBER 14, 2023

In a rapidly evolving business landscape, where innovation and cost efficiency are paramount, the launch of VMware Cross-Cloud managed services at VMware Explore 2023 Las Vegas is a pivotal moment. These offerings power validated partner services, all built on a common, best-in-class VMware foundation.

Management 64

Management Cost-Benefit Optimization ROI 64

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 103

Digital Transformation Experimentation Cost-Benefit Machine Learning 103

CIO Business Intelligence

DECEMBER 29, 2023

With the merging of operational efficiency and embracing new technologies, today’s CIOs are under increasing pressure to do more with less and become both technologists and business leaders, says Sunny Azadeh, CIO at digital services company GlobalLogic. “In

Cost-Benefit 127

Cost-Benefit Digital Transformation Consulting Strategy 127

CIO Business Intelligence

JULY 17, 2023

Professional investors factor in certain financial targets and risk tolerance as they pursue maximum ROI. This includes migrating to different tools, based on changing requirements such as performance, latency, resiliency, and security, as well as cost efficiency. IT leaders can relate to this dance.

Cost-Benefit 69

Cost-Benefit Optimization ROI Strategy 69

Cloudera

OCTOBER 30, 2023

Cloud transformation is ranked as the cornerstone of innovation and digitalization. Agility, innovation, and time-to-value are the key differentiators cloud service providers (CSP) claim to help organizations speed up digital transformation projects and business objectives. But FinOps is not only about cost management and control.

Analytics 77

Analytics Cost-Benefit ROI Business Objectives 77

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 93

Data Processing Cost-Benefit Software Digital Transformation 93

CIO Business Intelligence

AUGUST 1, 2023

For a good night’s sleep Today, agribusinesses, including farmers, must deal with domestic and global competition, shrinking resources, rising material and transportation costs, labor shortages, environmental issues and regulations, and more. Technology is the path to benefit the entire ecosystem.” Reaping those benefits More than 5.8

Cost-Benefit 77

Cost-Benefit ROI Digital Transformation Marketing 77

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

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 79

Data Processing Deep Learning Insurance Cost-Benefit 79

IBM Big Data Hub

MAY 9, 2023

This results in both increased ROI and much faster time to market. The early use cases that we have identified range from digital labor, IT automation, application modernization, and security to sustainability. For AI to be truly transformative, as many people as possible should have access to its benefits. The second is access.

Data Warehouse 107

Data Warehouse Machine Learning Cost-Benefit Metadata 107

CIO Business Intelligence

MAY 16, 2023

Find the right information and get it into the right hands Most HR departments work to maintain a balance between physical and digital employee records. Files include everything from initial contract negotiations to performance reviews and benefit selections. The return on investment (ROI) confirms they are making a smart decision.

IT 52

IT Cost-Benefit ROI Digital Transformation 52

CIO Business Intelligence

APRIL 19, 2022

Vendors, by making indistinguishable claims about digital transformation and process automation, suggest similar outcomes. Digital transformation cannot be achieved through purely tech-enabled, service-led approaches, with the promise to build autonomous enterprises with low code, flexible applications, etc.

Digital Transformation 96

Digital Transformation Insurance ROI Business Objectives 96

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 129

IT Cost-Benefit Management ROI 129

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 83

Interactive Manufacturing Cost-Benefit ROI 83

IBM Big Data Hub

AUGUST 16, 2023

It is poised to transform businesses and industries, revolutionize how employees and other stakeholders collaborate, and drive digital transformation initiatives. Gartner predicted that cloud spending would reach nearly $600 billion by the end of 2023. Many organizations have spent the past few years investing heavily in the cloud.

Cost-Benefit 65

Cost-Benefit Data Processing Optimization Software 65

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 86

Machine Learning Cost-Benefit IoT Data Warehouse 86

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. This results in more flexibility and upselling opportunities, and lower customer acquisition costs. 3) The Growing Need For API Connections.

Software 314

Software Cost-Benefit Data Processing Data-driven 314

IBM Big Data Hub

AUGUST 15, 2023

Here are some of the ways organizations today are making that shift and reaping the benefits of AI in a practical and ethical way. Well-built foundation models offer significant benefits; the use of AI can save businesses countless hours building their own models.

IT 76

IT Data Governance Modeling Cost-Benefit 76

IBM Big Data Hub

JUNE 2, 2023

This helps us create a client journey with the co-existence of legacy and incrementally migrated functionality to the new digital core, eventually strangulating and sunsetting the legacy platforms. As an example, IBM Consulting worked with the Department of Children and Families of a U.S. city agency serving 19M citizens.

Consulting 81

Consulting Cost-Benefit Technology ROI 81

Smart Data Collective

SEPTEMBER 6, 2020

A growing number of ecommerce platforms have expressed the benefits of data analytics technology and incorporated them into their solutions. Essential Benefits of Big Data in Ecommerce Applications. trillion by 2023 and constitute 17% of all B2B sales. There’s more to the total cost of ownership than the cost of licensing.

B2B 107

B2B Data Analytics Analytics Cost-Benefit 107

IBM Big Data Hub

JUNE 23, 2023

Figure 3 highlights ancillary benefits that conversational AI technology provides. Improve consistency and accuracy: Consistency in messaging across different reports and reporting periods is a critical benefit. The project should provide quick wins and measure the results rigorously to determine the impact on performance and ROI.

Finance 60

Finance Reporting Cost-Benefit Modeling 60