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. A successful cloud strategy requires a comprehensive assessment of cloud maturity. Why move to cloud?

Modeling 94

Modeling Cost-Benefit Optimization Digital Transformation 94

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 97

Cost-Benefit Optimization ROI Strategy 97

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. Fortunately, the HPC community is both collaborative and transparent in our work to apply and advance supercomputing technologies.

Cost-Benefit 59

Cost-Benefit Machine Learning Modeling Uncertainty 59

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 139

Cost-Benefit Digital Transformation Consulting Strategy 139

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

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 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

CIO Business Intelligence

JANUARY 2, 2024

With AI being the talk of 2023, [there were questions on] how do we, as a company, handle its adoption, governance, and education about it to our employees,” he says. What benefit does AI serve to that department? Having moved IT from a cost center to a business enabler, some now set their sights on making it a “business catalyst.” “In

IT 144

IT Cost-Benefit Statistics Consulting 144

Cloudera

OCTOBER 30, 2023

The main challenges are pointed out as a lack of resources/expertise, security, and from a different perspective, cloud cost management. The decentralized resource provisioning approach, foundational to cloud solutions and infrastructure, faces a big challenge when it comes to governing the costs of on-demand resource allocation/utilization.

Analytics 77

Analytics Cost-Benefit ROI Business Objectives 77

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 105

Data Processing Deep Learning Insurance Cost-Benefit 105

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 113

Interactive Manufacturing Cost-Benefit ROI 113

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 136

IT Cost-Benefit Management ROI 136

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. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 93

Cost-Benefit Modeling Manufacturing Interactive 93

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

APRIL 19, 2022

But the real value bonanza comes from maturing a platform that gives business flexibility, operational adaptability, strategic options and resilience at a relatively low cost. Connecting systems with RPA may be trivial, but it has very limited ROI until the business is ready to break the silos and redesign end to end processes.

Digital Transformation 111

Digital Transformation Insurance ROI Business Objectives 111

DataKitchen

MARCH 16, 2023

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. There are four main benefits of reducing errors. Forty-five metrics! How does one track a team’s productivity?

Metrics 130

Metrics Data Analytics Analytics Measurement 130

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. Here are some important considerations our F&A experts provided: Start with a sound AI strategy.

Finance 62

Finance Reporting Cost-Benefit Modeling 62

IBM Big Data Hub

JUNE 2, 2023

As more states are finding new ways to leverage mainframes as part of their modernization strategy with hybrid cloud, IBM is leading the way and working with state and local governments across various sectors, helping deliver more responsive services, digitize their operations, and advance equity and access. city agency serving 19M citizens.

Consulting 84

Consulting Cost-Benefit Technology ROI 84

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. Here are some key strategies: 1. million compared to those with lower levels.

Cost-Benefit 113

Cost-Benefit Statistics ROI Measurement 113

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. The balance sheet plays a vital role in internal management, helping companies fine-tune their business strategies and prevent misuse.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

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

Timo Elliott

NOVEMBER 30, 2022

My role was to talk about the trends and opportunities for 2023, for customers, SAP, and our partners. IDC calls it the Future Enterprise , Forrester talks about Future Fit organizations, and Gartner explains the benefits of the Composable Enterprise. Innovating Faster. Analysis to Action.

Recreation/Entertainment 98

Recreation/Entertainment Metadata Data Warehouse Cost-Benefit 98

CIO Business Intelligence

MAY 13, 2024

Corporate and IT strategy are one, and technology is the tool to deliver strategic objectives. In contrast, CEOs didn’t even list AI in their top 10 priorities for CIOs in 2023. The other key strategies are investing in new lines of business; marketing and promotions; and upskilling and retaining existing talent.)

IT 131

IT Digital Transformation ROI Strategy 131

CIO Business Intelligence

NOVEMBER 15, 2023

2023 has been a break-out year for generative AI technology, as tools such as ChatGPT graduated from lab curiosity to household name,” CIO writes in a roundup of the latest generative AI announcements. Not everyone concedes the benefits of AI and ERP, she says. Is it really for you?

Digital Transformation 130

Digital Transformation Cost-Benefit ROI Manufacturing 130

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. Am I using data to drive my transformation strategy? Is my strategy organized around problems to solve, or technologies? Adya says many executives answer no.

Digital Transformation 145

Digital Transformation Measurement Data-driven Metrics 145

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. As with most enterprise IT modernization programs, there is no one-size-fits-all solution.

Cost-Benefit 71

Cost-Benefit Data Processing Consulting ROI 71

CIO Business Intelligence

OCTOBER 3, 2023

With demand for low-cost energy ever increasing, along with competition from renewable sources of energy, ConocoPhillips is leveraging digital twins to optimize the safety and efficiency of its assets. Dubbed the ConocoPhillips Global Digital Twin Program, it’s earned ConocoPhillips a 2023 CIO 100 Award in IT Excellence.

Digital Transformation 122

Digital Transformation Cost-Benefit Data Processing Optimization 122

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 96

Data Processing Cost-Benefit Software Digital Transformation 96

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

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 107

Data Warehouse Machine Learning Cost-Benefit Modeling 107

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 79

IT Data Governance Modeling Cost-Benefit 79