CIO Business Intelligence

JULY 31, 2023

For those companies operating on a calendar year, the end of summer signals the start of annual planning and the mad dash to prepare their IT strategies. Your answers will lay the foundation for your strategy and highlight where your story needs work if you want to avoid fire drills in the eleventh hour. How much will it cost?

Strategy 93

Strategy IT Cost-Benefit Finance 93

CIO Business Intelligence

JUNE 3, 2024

While most business leaders know their cloud costs are rising, far fewer are aware of the one small detail that can make a 5X difference in the price they’ll pay to lower those costs. A 2024 research study of 500 IT departments and cost management programs reveals the answer, and it all comes down to your approach.

Management 77

Management Cost-Benefit Optimization ROI 77

IBM Big Data Hub

MAY 17, 2024

Cloud maturity models are a useful tool for addressing these concerns, grounding organizational cloud strategy and proceeding confidently in cloud adoption with a plan. A successful cloud strategy requires a comprehensive assessment of cloud maturity. Why move to cloud?

Modeling 96

Modeling Cost-Benefit Optimization Digital Transformation 96

CIO Business Intelligence

APRIL 10, 2024

Yet the calculus may not be so simple when one considers the costs to operate there as well as the fact that GenAI systems sometimes produce outputs that even data engineers, data scientists, and other data-obsessed individuals struggle to understand. Cost concerns aren’t the only reason to conduct inferencing on premises.

Cost-Benefit 121

Cost-Benefit Modeling Strategy Interactive 121

AWS Big Data

APRIL 25, 2024

However, as data volumes continue to grow, optimizing data layout and organization becomes crucial for efficient querying and analysis. To address this challenge, common practices like partitioning and bucketing can significantly improve query performance and reduce computation costs.

Optimization 65

Optimization Data Lake Cost-Benefit Reporting 65

CIO Business Intelligence

MAY 8, 2024

Process automation and improvement is a perennial CIO agenda item, and the call for business process optimization is only getting louder — especially for those processes directly tied to the bottom line. Expion hasn’t yet calculated the potential new business created, but the tool will save the company the cost of about 1.5

IT 90

IT Insurance Cost-Benefit Unstructured Data 90

CIO Business Intelligence

JUNE 12, 2024

For some organizations, shifting to the cloud has been a relatively quick race toward highly publicized benefits, such as scalability. The migration of approved workloads and applications to the cloud is set to be completed by October 2024 and has thus far been completed without any business disruption, he says. “I

Digital Transformation 98

Digital Transformation Cost-Benefit Forecasting Marketing 98

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. This blog outlines some BPR examples that benefit from a BPM methodology.

Cost-Benefit 57

Cost-Benefit Finance Optimization Key Performance Indicator 57

Jet Global

MARCH 23, 2024

Verify the metrics against the mission : Organizations should regularly review the validity of their KPIs and ensure they’re still inline with their operational strategies. Act on the KPIs : To fully benefit from setting, reviewing, and analyzing KPIs, the organization must learn to trust the KPIs when it comes to decision making.

Reporting 52

Reporting KPI Metrics Measurement 52

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 279

Advertising Cost-Benefit Marketing Risk 279

CIO Business Intelligence

JANUARY 8, 2024

Instead, the publicly held operator of Cathay Pacific Airlines and HK Express is shifting from migration to optimization mode in an effort to wrest additional benefits from its all-in cloud transformation. Enhanced automation and self-service will also be emphasized as part of the cloud optimization strategy, Nair says.

Optimization 91

Optimization Digital Transformation Cost-Benefit Data Warehouse 91

CIO Business Intelligence

MAY 30, 2024

According to Forrester’s 2024 predictions, 60% of skeptics will overcome their gen AI doubts by the end of the year and appreciate it for its uses in conversational assistants, and its ability to translate and synthesize content. On the cost side, however, he didn’t have to ask to buy more GPUs, because it adopted AI as-a-service.

Cost-Benefit 108

Cost-Benefit Sales Modeling Experimentation 108

IBM Big Data Hub

DECEMBER 12, 2023

Let’s explore how the IBM® Maximo® Application Suite (MAS) can help you optimize the efficiency of your assets through operational emissions management. To manage these byproducts effectively, focus on optimizing your assets and identifying emerging issues early on. billion levied in 2026, rising to USD 1.8

Management 69

Management Cost-Benefit Optimization Strategy 69

IBM Big Data Hub

APRIL 22, 2024

With 2024 on track to be the hottest year on record , data and AI can be applied to many areas to help supercharge sustainability efforts. This approach can help organizations to more easily establish a sustainability strategy across the business. This will help advance progress by optimizing resources used.

IoT 77

IoT Internet of Things Cost-Benefit Reporting 77

IBM Big Data Hub

FEBRUARY 26, 2024

Through their commitment to developing generative AI skills and training for the telecom industry, the GSMA and IBM want to enable mobile operators to provide better services and, ultimately, help more people benefit from digital connectivity. We hope you’ll join us at booth #2H20.

Revenue Optimization 92

Revenue Optimization Cost-Benefit Enterprise Optimization 92

Jen Stirrup

FEBRUARY 24, 2024

Artificial Intelligence revolutionizes large and small businesses with automation, data analysis, and improved customer experiences, offering cost savings and a competitive edge. Artificial Intelligence is transforming industries and everyday lives, but how can it benefit small businesses? What is AI?

Cost-Benefit 71

Cost-Benefit Data-driven Testing Sales 71

CIO Business Intelligence

JANUARY 8, 2024

To stay on top of both old and new challenges, IT chiefs should evaluate their current business and technology strategies and, when necessary, adjust them to address rapidly evolving technology, business, and economic practices. Doing so requires a robust data management strategy.

Cost-Benefit 138

Cost-Benefit Digital Transformation Optimization Measurement 138

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 89

Cost-Benefit Modeling Manufacturing Interactive 89

Smart Data Collective

APRIL 3, 2022

This is a huge market driven by AI technology that is expected to be worth $19 billion by 2024. Towards Data Science published an article titled How Renaissance beat the markets with Machine Learning , which emphasized the major benefits of AI in their trading. This gives the strategy a distinct set of benefits.

Technology 95

Technology Cost-Benefit ROI Strategy 95

FineReport

APRIL 9, 2024

Benefits of Healthcare Business Intelligence Tools Improved Decision-Making: Healthcare BI tools enable informed decision-making by providing real-time data analysis and predictive insights. Optimized Operational Efficiency: These tools streamline processes and resource allocation, leading to cost savings and improved resource utilization.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

CIO Business Intelligence

APRIL 25, 2022

In addition, “Of the 31% with AI in production, only one third claim to have reached a mature state of adoption wherein the entire organization benefits from an enterprise-wide AI strategy.”. Ready to evolve your analytics strategy or improve your data quality? So what’s the problem? Just starting out with analytics?

Machine Learning 122

Machine Learning Enterprise Deep Learning Cost-Benefit 122

CIO Business Intelligence

DECEMBER 11, 2023

Companies need both a practical plan and a transparent communications strategy in their response.” Plexus IT is also in the analysis phase of using AI within the company’s e-commerce platform “to gain better insights for predicting and optimizing the customer experience and enhancing personalization,” McIntosh says. “We

Modeling 126

Modeling Risk Strategy Software 126

CIO Business Intelligence

DECEMBER 22, 2023

To tackle that, businesses are turning their budgets toward the cloud, with two out of every three IT decision-makers planning to increase cloud budgets in 2024, and nearly a third (31%) reporting that 31% of their IT budget is earmarked for cloud computing, according to the 2023 Cloud Computing Study from CIO.com parent company Foundry.

Consulting 116

Consulting Software Business Objectives Optimization 116

CIO Business Intelligence

MAY 16, 2022

To reap the benefits, organizations need to modernize with a decentralized data strategy that delivers the speed and flexibility necessary for driving smarter outcomes for the business. How edge refines data strategy. The concept of the edge is not new, but its role in driving data-first business is just now emerging.

IoT 77

IoT Data Warehouse Internet of Things Machine Learning 77

Smart Data Collective

JUNE 15, 2022

trillion in 2024, up from roughly $5.47 From the most basic to the most complicated concerns, data may assist guide your decision-making strategy. Following is a detailed look at some of the benefits of taking a data-driven approach in a retail business. The retail industry is expanding all the time. trillion in 2019?

Advertising 98

Advertising Cost-Benefit ROI Sales 98

DataRobot Blog

SEPTEMBER 1, 2022

The latest McKinsey Global Survey on AI proves that AI adoption continues to grow and that the benefits remain significant. But in the COVID-19 pandemic’s first year, many felt more strongly about the cost-savings front than the top line. This strategy allows handling billions of rows per day. Learn More About DataRobot MLOps.

Metrics 145

Metrics Statistics Modeling Data Science 145

IBM Big Data Hub

JULY 12, 2023

As a leading financial group in Spain, CaixaBank has long been an innovator by taking a technology-first approach by placing innovation, digital transformation, customer experience and sustainable banking at the forefront of its strategy. When it comes to infrastructure, we know any system downtime has real-world consequences and costs.

Digital Transformation 49

Digital Transformation Finance Cost-Benefit Data Processing 49

datapine

NOVEMBER 27, 2019

In 2020, BI tools and strategies will become increasingly customized. Accordingly, the rise of master data management is becoming a key priority in the business intelligence strategy of a company. According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

FineReport

APRIL 3, 2024

Comprehending the distinctions between BI dashboards and reports is crucial for optimizing their effectiveness in data analysis and decision-making processes. Benefits of BI Dashboard Tools Business intelligence dashboards are now essential tools, making complex data accessible to non-technical users. Try FineBI Now 5.3

Dashboards 52

Dashboards Visualization Metrics Interactive 52

IBM Big Data Hub

NOVEMBER 8, 2023

At the beginning of the year, we laid out a new strategy for IBM Power under the leadership of Ken King, who will be retiring by the end of 2023 after forty years with IBM. Separately, in 2024, clients will be able to look forward to continued enhancements to the AIX, IBM i and Linux roadmaps.

Strategy 93

Strategy Data-driven Cost-Benefit Digital Transformation 93

Jet Global

FEBRUARY 6, 2024

You’ll have access to all the features you know and love, plus the added benefits of the integrated environment. This change is about more than just technology; it’s about optimizing your experience and empowering you to make data-driven decisions with greater ease and efficiency.

Dashboards 52

Dashboards Visualization Data-driven Reporting 52

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. billion in 2024, up from $563.6 Uncontrolled costs: More clouds and cloud services translate into more cloud bills.

Strategy 91

Strategy Cost-Benefit Risk Optimization 91

Jet Global

JUNE 13, 2022

But the benefits of enhanced functionality, the power of the cloud, and increased ROI are reason enough for organizations across the world to convert every day. According to Gartner’s 2021 Core Financial Magic Quadrant , over 50% of the ERP market is expected to be cloud-based by 2024. When making the move, pre-planning is vital.

Reporting 52

Reporting Data Lake Sales Operational Reporting 52

IBM Big Data Hub

MAY 13, 2024

Stay flexible in the face of change : Market conditions and business strategies constantly evolve. Optimize costs across use cases : Different models have varying cost implications. By accessing a range of models, businesses can select the most cost-effective option for each application.

Modeling 71

Modeling Cost-Benefit Risk Testing 71

IBM Big Data Hub

FEBRUARY 19, 2024

Financial benefits include increased revenue through the creation of adjacent industry business models, accessing new markets to establish more revenue streams, and growing existing revenue. Cost optimization can be achieved through a combination of productivity enhancements, infrastructure savings and reductions in operating expenses.

Cost-Benefit 63

Cost-Benefit Data-driven Optimization Marketing 63

IBM Big Data Hub

SEPTEMBER 19, 2023

Specifically, generative AI would transform customer care, IT and network optimization and digital labor—all areas in which automation can notably help increase agility and efficiency. This has potential for helping reduce churn, improve revenue-per-user and lower the cost of subscriber acquisition.

Cost-Benefit 108

Cost-Benefit Optimization Interactive Enterprise 108

Andrew White

JANUARY 9, 2022

Yet there is no inclusion in the conversation about the costs and issues related to the battery and materials used in the most expensive part of the EV. To drive a successful Data Analytics strategy do you think it is a multidisciplinary activity and if so, what additional roles would you expect to see involved.

Analytics 64

Analytics Measurement Modeling Data-driven 64