Smart Data Collective

MARCH 23, 2023

You have probably read a lot about the major changes brought on by AI technology in recent months. Many people have called 2023 “the year of AI.” For example, ChatGPT recently The Independent said that the technology is starting to show signs that it can think like humans.

Software 115

Software Strategy Cost-Benefit Testing 115

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. Flexibility: Organizations can now choose the cloud environments that best suit their specific needs.

Management 69

Management Cost-Benefit Optimization ROI 69

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

JULY 17, 2023

Professional investors factor in certain financial targets and risk tolerance as they pursue maximum ROI. Just as investors play financial markets, IT leaders navigate technology trends. In that vein, a multicloud-by-design strategy is the best bet for your technology portfolio. IT leaders can relate to this dance.

Cost-Benefit 75

Cost-Benefit Optimization ROI Strategy 75

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

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. Today, they must also offer advanced technology. Reaping those benefits More than 5.8

Cost-Benefit 83

Cost-Benefit ROI Digital Transformation Marketing 83

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 133

Cost-Benefit Digital Transformation Consulting Strategy 133

CIO Business Intelligence

JANUARY 2, 2024

This approach is vital for staying competitive and responsive in an era where technological advancements, particularly in AI, are rapid and transformative.” 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.

IT 144

IT Cost-Benefit Statistics Consulting 144

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. But about 10 years ago when they shifted towards being more of a technology services provider, they became a HCM service provider. An early partner of Amazon, the Roseburg, N.J.-based

Digital Transformation 110

Digital Transformation Experimentation Cost-Benefit Machine Learning 110

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 79

Analytics Cost-Benefit ROI Business Objectives 79

Smart Data Collective

MARCH 23, 2023

AI technology offers a number of major benefits of small businesses and freelancers. However, one of the other benefits of AI is that it can help with your taxes! Advanced AI algorithms can reduce costs, save time, and improve ROI. You can also deduct the cost of your AI-driven tax preparation software.

Cost-Benefit 80

Cost-Benefit Insurance Advertising Consulting 80

CIO Business Intelligence

JUNE 13, 2022

But most of these tools fall far short of organization’s goals for the technology. Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023. Some of them use NLP technology while many are simple rules-based interfaces that follow a prescribed flow without any AI at all. .

Data Processing 87

Data Processing Deep Learning Insurance Cost-Benefit 87

CIO Business Intelligence

FEBRUARY 7, 2023

In 2023, CIOs are guided to focus on enhancing workforce engagement, customer experience, and data and AI. These are identified as key areas where technology can drive business growth and increase customer satisfaction in the process. billion by 2028 as companies work to meet increasing customer demand while managing costs.

Uncertainty 110

Uncertainty Cost-Benefit Sales Reporting 110

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 90

Interactive Manufacturing Cost-Benefit ROI 90

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. In other words, IT project failure now is more about missed marks than technological disasters. Those benefits go away when a business sponsor is MIA.

IT 133

IT Cost-Benefit Management ROI 133

IBM Big Data Hub

APRIL 18, 2024

This is the potential of artificial general intelligence (AGI), a hypothetical technology that may be poised to revolutionize nearly every aspect of human life and work. However, if AGI development uses similar building blocks as narrow AI, some existing tools and technologies will likely be crucial for adoption.

Cost-Benefit 89

Cost-Benefit Modeling Manufacturing Interactive 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

CIO Business Intelligence

APRIL 19, 2022

Whether biological or technological, the power of DNA is unavoidable. Today, society is reckoning with how “technological genetics” dictate outcomes, such as how algorithms impact democracy. It is time to look closely at the technological genetics of automation platforms. In technology, innovation beats efficiency.

Digital Transformation 104

Digital Transformation Insurance ROI Business Objectives 104

IBM Big Data Hub

JUNE 2, 2023

More than 20% of families and children are supported by these systems, and with the current constituents of these systems becoming more consumer technology-centric, the use of antiquated technology systems is archaic and unsustainable. At this point, families expect state agencies to have a modern, efficient child support system.

Consulting 80

Consulting Cost-Benefit Technology ROI 80

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. information technology). Pilot the technology. Co-create with a tech partner with F&A expertise.

Finance 59

Finance Reporting Cost-Benefit Modeling 59

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

CIO Business Intelligence

MAY 27, 2024

The Human Factor in Cybersecurity Cybersecurity is not just about technology; it’s about people. 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. million compared to those with lower levels.

Cost-Benefit 107

Cost-Benefit Statistics ROI Measurement 107

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It’s a hot topic, and as technologies continue to evolve at a rapid pace, the scope of the cloud continues to expand. More and more CRM, marketing, and finance-related tools use SaaS business intelligence and technology, and even Adobe’s Creative Suite has adopted the model. Table of Contents.

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. And then on top of that foundation, we offer the SAP Business Technology Platform.

Recreation/Entertainment 98

Recreation/Entertainment Metadata Data Warehouse Cost-Benefit 98

CIO Business Intelligence

MAY 13, 2024

That move, in turn, boosts the company’s automation, analytics, and artificial intelligence goals by delivering the high-quality data that those technologies crave — thereby improving both decision-making capabilities and user experiences. “We Corporate and IT strategy are one, and technology is the tool to deliver strategic objectives.

IT 127

IT Digital Transformation ROI Strategy 127

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. It’s important to map your technology needs to business priorities.

Digital Transformation 124

Digital Transformation Cost-Benefit ROI Manufacturing 124

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. The company used technology to cut the time it took to onboard new customers from about nine months to just two, thereby enabling much more rapid growth.

Digital Transformation 143

Digital Transformation Measurement Data-driven Metrics 143

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 108

Digital Transformation Cost-Benefit Data Processing Optimization 108

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 Attackers look for the path of least resistance and typically, that lies with new technology. million and an ROI of 264%. million and an ROI of 264%.

ROI 102

ROI Cost-Benefit Data-driven Enterprise 102

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. Artificial Intelligence (AI) technologies are becoming more widespread; it’s becoming a game-changer worth $15.7 Migration to PaaS.

Software 314

Software Cost-Benefit Data Processing Data-driven 314

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 91

Data Processing Cost-Benefit Software Digital Transformation 91

IBM Big Data Hub

MAY 9, 2023

After some impressive advances over the past decade, largely thanks to the techniques of Machine Learning (ML) and Deep Learning , the technology seems to have taken a sudden leap forward. This results in both increased ROI and much faster time to market. Today is a revolutionary moment for Artificial Intelligence (AI). Watsonx.ai

Data Warehouse 106

Data Warehouse Machine Learning Cost-Benefit Metadata 106

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. is a proven, versatile, and AI-ready solution.

Machine Learning 85

Machine Learning Cost-Benefit IoT Data Warehouse 85

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. Then consider costs to upgrade and update too.

B2B 108

B2B Data Analytics Analytics Cost-Benefit 108

CIO Business Intelligence

MAY 16, 2023

HR leadership set out to find the right technology solution to meet these needs. This success story sounds impressive, but it’s also within reach for any company whose HR leadership welcomes technology innovations. Files include everything from initial contract negotiations to performance reviews and benefit selections.

IT 52

IT Cost-Benefit ROI Digital Transformation 52

IBM Big Data Hub

AUGUST 15, 2023

Organizations are no longer asking whether to add AI capabilities, but how they plan to use this quickly emerging technology. While 42% of companies say they are exploring AI technology, the failure rate is high; on average, 54% of AI projects make it from pilot to production. Artificial intelligence (AI) adoption is here.

IT 75

IT Data Governance Modeling Cost-Benefit 75

IBM Big Data Hub

JUNE 5, 2024

Software as a service (SaaS) applications have become a boon for enterprises looking to maximize network agility while minimizing costs. They offer app developers on-demand scalability and faster time-to-benefit for new features and software updates. SaaS app development and management is no different.

Analytics 75

Analytics Predictive Analytics Unstructured Data Data-driven 75