CIO Business Intelligence

APRIL 19, 2024

No company got out of 2023 without having a story about how much better their company was going to be, how much better their products were going to be, how much better their customers’ lives were going to be because of generative AI,” he said. growth in 2023. Another big change from 2023 comes in the devices category, which saw a 9.1%

IT 123

IT Software Cost-Benefit ROI 123

CIO Business Intelligence

JANUARY 25, 2024

The AI hype cycle has peaked: Tens of thousands of companies helped get it there with generative AI in 2023, with two-thirds now reporting they have deployed GAI tools to their workforce. After a year of frenzied experimentation and investment, executives will have to identify truly valid use cases (and ROI) for AI in 2024.

ROI 95

ROI Experimentation Sales Finance 95

CIO Business Intelligence

JANUARY 9, 2023

But with inflation and other factors pushing cloud providers to increase their prices in 2023, IT leaders must beware of budget creep. Cloud migrations can also be lengthy — and hefty — initiatives, leaving organizations waiting months or years for the promised ROI of a shift to the cloud to pay off, all while the meter runs.

IT 145

IT Uncertainty Cost-Benefit Digital Transformation 145

CIO Business Intelligence

MARCH 6, 2024

Manufacturing in particular has become a bigger target for bad actors; in fact, it was one of the sectors most impacted by extortion attacks, according to Palo Alto Networks’ 2023 Unit 42 Extortion and Ransomware Report. The first is the ability to get to ROI faster. As Industry 4.0 The third benefit is the reduction of downtime.

ROI 119

ROI Manufacturing Cost-Benefit IoT 119

Dataiku

MARCH 12, 2024

Attendees to Thomas Scholz ’s talk during the Frankfurt Roadshow of the Dataiku 2023 Everyday AI Conferences were promised a product demo worth potentially millions in ROI.

Strategy 59

Strategy ROI Sales Data Strategy 59

CIO Business Intelligence

DECEMBER 4, 2023

In January 2023, Oracle changed its licensing and/or pricing for Java for the fourth time in four years. According to State of Java Survey and Report 2023 , an independently run study of more than 2,000 Java users, Java users have taken notice.

ROI 52

ROI Cost-Benefit Testing Risk 52

Alation

MARCH 31, 2023

“The most common roadblocks to the success of D&A initiatives are all human-related challenges,” they noted, citing: Skills shortages Lack of business engagement Difficulty accepting change Poor data literacy throughout the organization With D&A leaders under increasing pressure to show ROI, business alignment is critical.

Data Analytics 52

Data Analytics Analytics Metadata Data Governance 52

CIO Business Intelligence

APRIL 18, 2024

AI technology is moving so fast, and the ROI is still murky, making it difficult to commit to one AI assistant, he says. Another believer in AI assistants is Linda Simovic, who helped build Copilot for Sales when she served as chief product officer for customer engagement applications at Microsoft between late 2021 and late 2023.

Cost-Benefit 132

Cost-Benefit ROI Sales Enterprise 132

CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. CFOs have grown comfortable with the traditional project-based approach, through which they believe they get a better handle on spend certainty and a better sense of ROI.

Modeling 117

Modeling Cost-Benefit IT ROI 117

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

Smart Data Collective

JANUARY 30, 2023

Consider your return on investment (ROI) when adjusting—factor in all potential variables. Say you’re still far from your targets, and you’ve already used up your budget. This misalignment means it’s time for you to adjust your actions. For example, look at the current market that may have influenced the effectiveness of your ads.

Advertising 98

Advertising Cost-Benefit Marketing Strategy 98

CIO Business Intelligence

MARCH 3, 2024

For its 2023 Security Priorities report, Foundry surveyed 790 IT security workers to understand their projects and priorities. Gartner predicts that, by 2026, 10 percent of large enterprises will have a mature and measurable zero trust program in place, up from less than one percent at the start of 2023.

IT 99

IT Measurement Risk Testing 99

CIO Business Intelligence

NOVEMBER 20, 2023

Generative AI and, more specifically, ChatGPT captivated the corporate world in 2023, with board directors, CEOs, and other executives fawning (and sometimes fearing) the technology. IBM, for one, found that the average ROI on enterprise-wide AI initiatives at 5.9% with best-in-class companies “reaping an enviable 13% ROI.”

Technology 126

Technology IT ROI Software 126

IBM Big Data Hub

JANUARY 15, 2024

The plan aimed to address digital transformation along with a digital construction plan for 2023. IBM Process Mining can also prioritize automation improvements based on the severity of the issue and the expected ROI, driving continuous improvement of processes by triggering corrective actions or generating RPA bots.

Digital Transformation 74

Digital Transformation Insurance Optimization ROI 74

CIO Business Intelligence

MARCH 18, 2024

Average checkout conversion uplift includes a subset of 4 competitors from 2023 checkout conversion study: Salesforce, BigCommerce, WooCommerce, Adobe Commerce ). Learn more about how Shopify can help you become more operationally efficient and maximize your ROI. Shopify’s average 18% higher checkout rate translates to a roughly 1.8%

Enterprise 68

Enterprise ROI Consulting Sales 68

IBM Big Data Hub

APRIL 25, 2023

A 2023 IBM IBV study showed that organizations that are seen as ESG leaders are 43% more likely to outperform their peers on profitability. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge.

Risk Management 86

Risk Management Risk Management Metrics 86

CIO Business Intelligence

NOVEMBER 20, 2023

Of customers who turned to a support bot from December 2022 to February 2023, only 25% said they would willingly use them again to solve a problem, according to Gartner. Today, the human touch is essential for ensuring not only the safe deployment of this technology, but also extracting the greatest ROI from it.

Interactive 116

Interactive Risk ROI Testing 116

CIO Business Intelligence

JULY 17, 2023

Professional investors factor in certain financial targets and risk tolerance as they pursue maximum ROI. 1 Multicloud Architecture: Workload Movement Considerations, Dell, April 2023. 2 The New 2023 Cloud Reality: A Rebalancing Between Private and Public Cloud, Constellation Research, June 2023. Multi Cloud

Cost-Benefit 73

Cost-Benefit Optimization ROI Strategy 73

CIO Business Intelligence

MARCH 11, 2024

Customer experience will be a key target for gen AI infusions, with 35% of CX executives agreeing that the acceleration of innovative capabilities such as gen AI and Web3 will have a significant impact on future CX strategies, according to an October 2023 IDC FutureScape report on customer experience trends.

Data-driven 69

Data-driven Strategy ROI Machine Learning 69

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. Key Features and Benefits Learn more below on some of the key features that make VMware Cross-Cloud managed services a game-changer for customers.

Management 68

Management Cost-Benefit Optimization ROI 68

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? Focus on positive impact : Focus on the benefits and ROI of the proposed investment, such as increased productivity, better security, or improved customer satisfaction. to just 2.2% global inflation rate.

Scorecard 59

Scorecard Cost-Benefit ROI IT 59

CIO Business Intelligence

FEBRUARY 28, 2023

in 2023 on average – lower than the projected 6.5% In other words, businesses are paying an invisible “tool sprawl tax,” which is adding to the TCO and cutting into businesses’ ROI. In fact, security improvements are the number one reason for tech budgets increasing in 2023. global inflation rate. It’s costing companies $2.5

IT 95

IT Uncertainty ROI Data Processing 95

Cloudera

SEPTEMBER 19, 2023

Gartner’s CDO Agenda Survey for 2023 found that 78% of surveyed data leaders rank organizational data strategy and vision as one of their top three priorities, and 68% are prioritizing initiatives based on alignment to strategic goals. CDO ties data strategy to ROI Data-related decisions should be made with ROI in mind.

IT 75

IT Data Strategy ROI Data-driven 75

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

AUGUST 21, 2023

No one denies its transformative potential, but digital leaders say a majority of people seem to think generative AI, which Gartner recently placed at the peak of inflated expectations in its 2023 hype cycle , has more capabilities than it does — at least at this time. Consider some recent survey findings.

Technology 145

Technology IT Uncertainty Reporting 145

Cloudera

OCTOBER 30, 2023

The FinOps framework is helping organizations to obtain the best ROI for their cloud transformation. 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. Why FinOps?

Analytics 75

Analytics Cost-Benefit ROI Business Objectives 75

CIO Business Intelligence

AUGUST 1, 2023

Increased productivity has helped increase profitability with a 15% improvement in return on investment (ROI). Customers using the solution have improved their productivity by 20% on average and reduced the environmental impact of their business by an average of 30%. Picked to be a finalist “BIT S.A., Picked to be a finalist “BIT S.A.,

Cost-Benefit 82

Cost-Benefit ROI Digital Transformation Marketing 82

CIO Business Intelligence

APRIL 4, 2024

There’s no other job in the world that has that type of ROI, that sense of accomplishment.” Absolutely, the digital transformation has been instrumental in our work and has contributed to changing countless lives.”

Digital Transformation 111

Digital Transformation Data Lake ROI Modeling 111

CIO Business Intelligence

FEBRUARY 16, 2024

The cloud-native advantage ADP’s aggressive, early digital transformation has paid off nicely: Its expanded HCM portfolio is served to more than 1 million customers globally, up from 800,000 several years ago, with revenues at $18 billion in fiscal year 2023, up from $13 billion five years prior.

Digital Transformation 109

Digital Transformation Experimentation Cost-Benefit Machine Learning 109

CIO Business Intelligence

MARCH 11, 2024

2023 was a challenging year, to say the least, for our industry – and software/SaaS vendors were hit particularly hard. This translates to higher productivity, improved decision-making, and ultimately, higher ROI. Vertical solutions, on the other hand, are designed with the intricacies of a specific industry in mind.

Manufacturing 78

Manufacturing Cost-Benefit Finance Marketing 78

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 89

Interactive Manufacturing Cost-Benefit ROI 89

IBM Big Data Hub

JUNE 23, 2023

It suggests that organizations prioritize which F&A use cases should be augmented with their new foundation models, balancing across precision, risk, F&A stakeholder expectations and return on investment (ROI).

Finance 61

Finance Consulting Data-driven Risk 61

CIO Business Intelligence

AUGUST 9, 2023

S&P Global Market Intelligence has found that digitally driven organizations outperform digitally delayed ones across a host of key metrics, including customer satisfaction, average time to respond to customer inquiries, customer lifetime value, customer acquisition, and marketing ROI.

Digital Transformation 137

Digital Transformation Strategy Data-driven Consulting 137

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. ” This quandary often comes with an accompanying worry: “Are we spending too much money on cloud computing?”

Modeling 82

Modeling Cost-Benefit Optimization Digital Transformation 82

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 These firms achieve excellent performance with superior ROI on Dell Validated Designs for AI.

Data Processing 85

Data Processing Deep Learning Insurance Cost-Benefit 85

CIO Business Intelligence

AUGUST 4, 2023

In collaboration with our peers, we have a solid business sense that carefully weighs innovation and risk in order to gain valuable ROI while protecting the organization from all forms of risk associated with each project. AI is just getting started and it’s now that we need to be asking hard questions.

Risk 90

Risk Risk Management ROI Technology 90

Paul Blogs on BI

MAY 3, 2023

There will be some great sessions at next month’s IBIS 2023 on Squirrel365 and its integration with BusinessObjects, Tableau and other BI solutions in addition to how it is changing the world with fast application development by business users rather than developers but you should just try it out for yourself.

Metrics 52

Metrics ROI Measurement Visualization 52