CIO Business Intelligence

JANUARY 15, 2024

year on year in the first 11 months of 2023, AI or no AI. But 2023’s rate of consumer spending growth is not necessarily sustainable in 2024, the NRF’s chief economist warned, so retailers may need all the help they can get. It’s using AI to simplify stock replenishment and order management in physical and online stores.

Sales 105

Sales Software Forecasting Statistics 105

CIO Business Intelligence

MARCH 12, 2024

In September 2023 Creatio decomposed all features and components of its CRM suite , including marketing, sales, and service, to deliver them as modules that would be more affordable for enterprises unwilling or unable to spend on broad technology platforms. Creatio’s CRM offering includes separate suites for marketing, sales, and service.

IT 98

IT Sales Forecasting Marketing 98

CIO Business Intelligence

NOVEMBER 8, 2023

It is estimated by the end of 2023, 31% of organizations expect to run 75% of their workloads 2 in the cloud. As per a recent study, approximately 35% of organizations need help to optimize their increased costs in cloud management and security. Hence, they are focused on the need to optimize operational spending across two domains.

Cost-Benefit 135

Cost-Benefit Risk Digital Transformation Reporting 135

IBM Big Data Hub

FEBRUARY 20, 2024

According to the European Union climate monitor Copernicus, 2023 was the warmest year on record—nearly 1.48 Around the world, AI-powered climate models and other technologies can help scientists, government officials and utilities providers forecast water access conditions and improve water resource management. IPCC, 2023.

Modeling 122

Modeling Forecasting Reporting Risk 122

CIO Business Intelligence

FEBRUARY 8, 2024

Cognizant Technology Solutions announced a full-year revenue forecast below expectations. This includes a significant reevaluation of large ticket items, influenced by developments in 2023 around generative AI, according to Sanchit Vir Gogia, chief analyst and CEO at Greyhound Research.

IT 98

IT Uncertainty Consulting Forecasting 98

IBM Big Data Hub

MARCH 8, 2024

Wind and solar photovoltaic (PV) power generation are forecast to exceed nuclear power generation in 2025 and 2026, respectively. Policies driving development At 2023’s United Nation’s Climate Change Conference (COP28), governments set a goal to triple global renewables power capacity by 2030.

Forecasting 75

Forecasting Manufacturing Measurement Finance 75

CIO Business Intelligence

FEBRUARY 13, 2023

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. IDC is forecasting a 5.1%

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

DECEMBER 6, 2023

The same is true when it comes to resiliency planning. Businesses can become more resilient in many ways, from optimizing production with supply chain planning, to better leveraging data, to diversifying their suppliers, and by giving their workforce new tools and training to become future ready.

Forecasting 111

Forecasting Uncertainty Modeling Optimization 111

CIO Business Intelligence

SEPTEMBER 26, 2023

While scoping and modeling the project, IWB relied on support from SAP’s Global Center of Excellence and Customer Advisory, providing both business and application expertise to organizations engaged in SAP implementations and optimizing existing ones. As solar PV systems are added, the calculation methods automatically adapt.

Machine Learning 105

Machine Learning Forecasting Measurement Data Warehouse 105

Octopai

AUGUST 8, 2023

Battle Creek, Michigan — July 18, 2023 — Octopai, a global leader in data lineage and business intelligence automation, and Demand Chain AI, a pioneer in AI-driven demand forecasting and supply chain optimization, have today announced a strategic partnership.

Digital Transformation 52

Digital Transformation Metadata Forecasting Data-driven 52

CIO Business Intelligence

NOVEMBER 2, 2023

To be sure, enterprise cloud budgets continue to increase, with IT decision-makers reporting that 31% of their overall technology budget will go toward cloud computing and two-thirds expecting their cloud budget to increase in the next 12 months, according to the Foundry Cloud Computing Study 2023. 1 barrier to moving forward in the cloud.

Strategy 140

Strategy Data Processing Experimentation Optimization 140

Rita Sallam

APRIL 2, 2023

Are there mitigation strategies that show reasons for optimism? Are there mitigation strategies that can be implemented successfully that could provide policy guidance and reasons for optimism in the face of ever increasing frequency of extreme weather events? The Entire United States – Built-up Area Exposure is significant.

Optimization 52

Optimization Machine Learning Insurance Risk 52

CIO Business Intelligence

OCTOBER 18, 2023

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 141

Risk Manufacturing Enterprise Technology 141

IBM Big Data Hub

OCTOBER 30, 2023

IBM and AWS partnership focuses on delivering solutions in areas like: Supply chain optimization with AI-infused Planning Analytics IBM Planning Analytics on AWS offers a powerful platform for supply chain optimization, blending IBM’s analytics expertise with AWS’s cloud capabilities.

Insurance 86

Insurance Data Warehouse Data-driven Unstructured Data 86

IBM Big Data Hub

DECEMBER 5, 2023

A recent forecast by the research analyst firm IHL Group predicts that generative AI will have a total financial impact of USD 9.2 The third component is watsonx.governance, anticipated to be available in December, 2023, which is a powerful set of tools to specify and manage enterprise-wide governance processes and control risk.

Unstructured Data 95

Unstructured Data Cost-Benefit Experimentation Machine Learning 95

CIO Business Intelligence

DECEMBER 15, 2022

ASUG members also cite skills shortages as the biggest barrier to innovation, especially in a multi-cloud environment, with one-fifth seeking to optimize their cloud innovations by upskilling existing staff with help from free learning platforms and business partners.

Forecasting 97

Forecasting Software Data Processing Optimization 97

CIO Business Intelligence

JULY 18, 2023

It was when Nvidia reported strong results for the three months to April 30, 2023, and forecast that its sales could jump by 50% in the following fiscal quarter, that its stock market valuation soared, catapulting it into the exclusive trillion-dollar club alongside well-known tech giants Alphabet, Amazon, Apple, and Microsoft.

Manufacturing 98

Manufacturing Forecasting Software Marketing 98

CIO Business Intelligence

DECEMBER 26, 2023

Perhaps in an age when our forebears huddled around campfires waiting for warmer weather annual reviews were the optimal way to accumulate knowledge and empower human agency. To wit, across nearly every discipline, one finds magnum opuses entitled “Lessons Learned” or “The Year in Review” as the year draws to a close. Today, not so much.

Uncertainty 111

Uncertainty Technology Forecasting Strategy 111

IBM Big Data Hub

JANUARY 9, 2024

An IDC survey forecasting the primary reasons for an increase in enterprise storage spending in 2023 cites, “greater data protection needs” was the most selected primary driver by IT decision makers. The shift to XaaS and the path forward Think of your XaaS offerings similarly to dining at your favorite restaurant.

Digital Transformation 74

Digital Transformation Business Driver Optimization Strategy 74

IBM Big Data Hub

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization.

Cost-Benefit 54

Cost-Benefit Finance Optimization Key Performance Indicator 54

IBM Big Data Hub

NOVEMBER 10, 2023

In this blog, we’ll look at five simple ways to optimize spend with IBM Turbonomic — a hybrid cloud cost optimization platform and the “Ops” in FinOps — while still leveraging the elasticity of the cloud. Eliminate cloud waste through optimization Figure 3: IBM Turbonomic cloud cost optimization.

Optimization 75

Optimization Machine Learning Interactive Management 75

IBM Big Data Hub

FEBRUARY 13, 2024

Such analysis and decision-making are often optimized with the help of various technologies, including artificial intelligence tools and data analytics platforms. 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 86

Cost-Benefit Scorecard Risk Recreation/Entertainment 86

CIO Business Intelligence

JUNE 15, 2022

Gartner has forecast that 65% of organizations will adopt ERP applications that use one or more of what it calls “fourth-era hallmarks” by 2023. Those include AI, data-centric design, systems that can be used off the shelf, functions that augment decisions, developer enablement, and customer-facing technology.

Key Performance Indicator 144

Key Performance Indicator Consulting KPI Sales 144

Cloudera

OCTOBER 30, 2023

According to the Flexera 2023 survey 1 , 82 percent of enterprises and SMBs pointed to cost management as the main challenge they are trying to overcome. Real-time consumption data and reports will allow the teams to make informed decisions on the current spending and also improve financial forecasting and planning. Why FinOps?

Analytics 74

Analytics Cost-Benefit ROI Business Objectives 74

CIO Business Intelligence

JUNE 22, 2023

Here are the 10 industries with the highest tech salaries, and how much they’ve increased in value since 2021, according to the 2023 Dice Tech Salary Report. Other relevant roles include security professionals, project managers, UX/UI designers, product managers, data analysts, and business analysts.

IT 122

IT Insurance Recreation/Entertainment Consulting 122

AWS Big Data

MARCH 29, 2024

Analyzing historical patterns allows you to optimize performance, identify issues proactively, and improve planning. Looking at the Skewness Job per Job visualization, there was spike on November 1, 2023. We walk through ingesting CloudWatch metrics into QuickSight using a CloudWatch metric stream and QuickSight SPICE.

Metrics 103

Metrics Visualization Dashboards Interactive 103

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 Engaged customers tend to buy additional products or services and become even more loyal customers.

Data Processing 105

Data Processing Deep Learning Insurance Cost-Benefit 105

IBM Big Data Hub

AUGUST 16, 2023

Gartner predicted that cloud spending would reach nearly $600 billion by the end of 2023. Here are six ways organizations can improve their cloud cost management, increase cloud cost optimization and drive as much value from their cloud budgets as possible. These tools can also forecast future usage and costs.

Cost-Benefit 69

Cost-Benefit Data Processing Optimization Software 69

IBM Big Data Hub

NOVEMBER 29, 2023

In 2023, the IBM® Institute for Business Value (IBV) surveyed 2,500 global executives and found that best-in-class companies are reaping a 13% ROI from their AI projects—more than twice the average ROI of 5.9%.

Unstructured Data 92

Unstructured Data Data-driven ROI Machine Learning 92

CIO Business Intelligence

JANUARY 18, 2024

Global spending on technology is predicted to be up by virtually all forecasts. Technical vision: Planning, deploying, measuring, optimizing, and scaling for current and future state capacities is essential in today’s disruptive IT landscape. By all accounts, 2024 will be a good year on the CIO hiring front.

IT 126

IT Data-driven Marketing Technology 126

CIO Business Intelligence

JUNE 7, 2022

In business, when a trend is forecast to grow by more than 3000% and generate cost savings of $7.3 Those numbers represent the projected growth of chatbot interactions among banking customers between 2019 to 2023 and the cost savings from 862 hours less of work by support personnel, according to research by Juniper Research.

Unstructured Data 98

Unstructured Data Deep Learning Insurance Interactive 98

AWS Big Data

MAY 31, 2023

In 2023, Trakstar joined Mitratech’s world-class portfolio of Human Resources and Compliance products. In this post, we discuss how we use QuickSight to deliver powerful HR analytics to over 3,000 customers and 43,000 users while forecasting savings of 84% year-over-year as compared to our legacy reporting solutions.

Slice and Dice 71

Slice and Dice Analytics Dashboards IT 71

IBM Big Data Hub

MARCH 8, 2024

Some forecasts suggest online retail might be responsible for half of all retail revenues by next year. Digital optimization and automation tools have made it cheaper and easier for businesses to use customer data or third-party data, creating intelligent ecommerce sites.

Consulting 87

Consulting Marketing Sales Data Processing 87

IBM Big Data Hub

MARCH 18, 2024

In 2023, domestic renewable energy production in Europe rose to account for a record 44% of the EU’s electricity mix while imports from Russia declined, helping build a more stable, resilient power grid. For example, since Russia’s invasion of Ukraine, European countries have sought to reduce their imports of Russian oil and gas.

Cost-Benefit 19

Cost-Benefit Forecasting Manufacturing Optimization 19

CIO Business Intelligence

MAY 1, 2024

For every optimistic forecast, there’s a caveat against a rush to launch. 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. People want to see it be real this year,” says Bola Rotibi, chief of enterprise research at CCS Insight.

Cost-Benefit 137

Cost-Benefit Metrics Insurance Measurement 137

CIO Business Intelligence

DECEMBER 21, 2023

According to Verizon’s 2023 Data Breach Investigation Report (DBIR), the transportation industry as a whole was breached 249 times with 349 incidents reported. IBE also allows the airlines to optimize their revenue through forecasting demands and fine-tuning prices.

Measurement 52

Measurement Risk Management Risk Management 52

Jen Stirrup

FEBRUARY 24, 2024

Problem-Solving Artificial Intelligence systems can leverage search and optimization algorithms to solve complex problems across many domains, from gaming strategies to logistics. Increased productivity By using Artificial Intelligence for data analysis and optimizing workflows, small teams can do more in less time.

Cost-Benefit 70

Cost-Benefit Data-driven Testing Risk 70