CIO Business Intelligence

APRIL 23, 2024

And in spite of the spate of books that extol risk-taking as the only smart path, it’s worth remembering that their authors don’t face what might be the biggest risk CIOs have to deal with every day: executive teams adept at preaching risk-taking without actually supporting it. As CIO, you’re in the risk business.

Risk 115

Risk IT Insurance Risk Management 115

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

IT 105

IT Cost-Benefit ROI Risk 105

CIO Business Intelligence

JANUARY 16, 2023

Choice Hotels International’s early and big bet on the cloud has allowed it to glean the many benefits of its digital transformation and devote more energies to a key corporate value — sustainability, its CIO maintains. It also helped reduce energy consumption and costs.

Cost-Benefit 144

Cost-Benefit Digital Transformation Data Warehouse Data-driven 144

Smart Data Collective

APRIL 13, 2020

They detailed a number of the benefits of using data to improve customer satisfaction. This helps companies reduce the cost of missed appointments and the branding problems they create. You might accidentally double-book appointments with customers or forget that a customer had an appointment.

Data Collection 141

Data Collection Big Data Cost-Benefit Strategy 141

datapine

MARCH 8, 2021

Explore our 14-day free trial & benefit from great healthcare reports! The Benefits Of A Healthcare Report. By tracking key healthcare data reporting insights and setting the right key performance indicators, your healthcare organization stands to benefit a great deal. Cutting down unnecessary costs.

Reporting 198

Reporting KPI Management Cost-Benefit 198

IBM Big Data Hub

APRIL 3, 2024

Shared data allows occupants to make service requests and book rooms, right-size portfolios and increase the efficiency of lease administration, capital projects and more. Also, since the environment runs on the customer’s AWS account, it draws down against their existing AWS Enterprise Discount Plan, which may bring some cost benefits.

Data Processing 70

Data Processing Cost-Benefit Optimization Management 70

CIO Business Intelligence

DECEMBER 8, 2023

Becoming a CSM offers individuals various valuable benefits, including increased recognition and credibility as a leader, additional opportunities within organizations with agile practices, leverage with future opportunities, and a demonstrated knowledge of Scrum principles. It’s also about being part of a community.

Cost-Benefit 94

Cost-Benefit Testing Management Optimization 94

IBM Big Data Hub

MAY 14, 2024

Despite the headwinds, there are tailwinds in which we can use new technology to enable CFOs to perform in their business partnering roles and drive productivity, cost take out, accuracy, control and business value. There are benefits to being a consumer of AI but far greater benefits for being a value creator.

Finance 54

Finance Cost-Benefit Reporting Forecasting 54

CIO Business Intelligence

JANUARY 2, 2024

That includes maintenance and upgrades deferred in favor of other projects or priorities, which can result in high future costs when those actions can no longer by avoided, often when a solution reaches end-of-life. Here’s where CIOs can rethink their approach to the long-term benefit of their organizations.

Risk 128

Risk IT Risk Management Sales 128

Cloudera

MAY 4, 2022

Benefits aplenty. The beauty of AI is that it promises to deliver more benefits than you can even imagine. Among the benefits of AI-first strategies are: Operational efficiency. The result is fewer costs for the company and improved satisfaction for the customer. Efficiency is a continual goal for any organization.

Cost-Benefit 132

Cost-Benefit Internet of Things Insurance Data-driven 132

Smart Data Collective

NOVEMBER 12, 2021

Big data has helped companies identify promising cost-saving measures, recruit the best talent, optimize their marketing strategies and realize many other benefits. However, there are a lot of other benefits of big data that have not gotten as much attention. Control Operational Costs. Here’s why.

Data-driven 106

Data-driven Cost-Benefit Data mining Big Data 106

CIO Business Intelligence

DECEMBER 20, 2023

For example, Uber and Zomato use a deep learning algorithm that considers driver location and overall ratings while mapping them to particular orders/bookings. This integration brings forth a suite of tangible benefits. For example, Uber offers premium services to customers based on their booking record of accomplishment.

Software 110

Software Deep Learning B2B Cost-Benefit 110

CIO Business Intelligence

FEBRUARY 12, 2024

SAP RISE will be an inevitable part of customers’ journey to the cloud Customers will begin to come to terms with the inevitability of RISE beyond SAP’s obvious motivations to drive adoption for increased renewable revenue and backlog bookings.

Consulting 106

Consulting Cost-Benefit Strategy Modeling 106

CIO Business Intelligence

JANUARY 11, 2023

The company’s overall strategy is to “have a customer experience that’s second-to-none — from the moment they first engage with the company to plan their experience, to when they return home at the end of their travels — regardless of what Journey Beyond adventure you are booking.” The high call volumes meant huge costs for us.

IT 119

IT Cost-Benefit Consulting Data Processing 119

IBM Big Data Hub

DECEMBER 13, 2023

Predictive maintenance can be extremely cost effective and can help reduce maintenance costs, decrease breakdowns and improve response times for breakdowns. 10 areas that can benefit from applying RCM within your organization 1. Delaying maintenance can also increase safety and compliance risk.

Cost-Benefit 67

Cost-Benefit Optimization Strategy Risk 67

Mark Raskino

JUNE 6, 2023

Recently it has hosted an excellent series called Oliver Burkman’s Inconvenient Truth , in which he explores “the traps awaiting us in the culture of convenience” In one episode he examines the phenomenon of companies shifting service work onto the customer, in the name of convenience, while reducing their operating costs.

Cost-Benefit 52

Cost-Benefit Data Processing Software Technology 52

CIO Business Intelligence

SEPTEMBER 26, 2023

Leaders who can establish financial- or time-related benefits to mitigate the risk of breaking the rule can show they have thought through the decision’s repercussions and have an objective view of the balance between risk and value, Chowning says. It should be, and usually is, a top IT priority.

IT 141

IT Risk Cost-Benefit Consulting 141

CIO Business Intelligence

FEBRUARY 26, 2024

Here, in an extract from his book, AI for Business: A practical guide for business leaders to extract value from Artificial Intelligence , Peter Verster, founder of Northell Partners, a UK data and AI solutions consultancy, explains four of them. But some common characteristics are central to AI transformation success.

Experimentation 126

Experimentation Cost-Benefit Digital Transformation Risk 126

CIO Business Intelligence

NOVEMBER 28, 2023

Based on its analysis, McKinsey has concluded that a midsize institution with $5 billion of operating costs spends more than $250 million on data across third-party data sourcing, architecture, governance, and consumption. Estimates vary widely, with data spend being pegged at anywhere between 10% and 57% of total IT budgets.

Management 126

Management Data Architecture Data Lake Data Strategy 126

CIO Business Intelligence

MAY 24, 2023

It’s called FormBuilder.govt , a specialist tool created by government, for government that gives agencies and councils a way to develop online service forms in days – not weeks or months with significant benefits to businesses. It’s also good for agency and council budgets, which benefits everyone. Businessconnect.govt.nz/formbuilder-govt

Digital Transformation 52

Digital Transformation Cost-Benefit Interactive Risk 52

Jen Stirrup

AUGUST 18, 2023

From a cost perspective, AI keeps reducing downtime. AI also benefits energy management through predictive maintenance because it means more careful use of energy consumption across oil and gas operations. To book your ticket, please click here to go to the Gastech 2023 website.

Optimization 96

Optimization Cost-Benefit IoT Data-driven 96

Smarten

JANUARY 10, 2024

Accessibility and Relevance – Grok will provide real-time AI capability via the X platform (formerly known as Twitter), so that the information gathered and delivered to users will be up-to-date, as opposed to the OpenAI free product which draws data from books, web and other sources to deliver its results and draw conclusions.

Marketing 52

Marketing Modeling IT Digital Transformation 52

erwin

JULY 16, 2020

The Benefits of TOGAF. This is demonstrated in the following example: The Benefits of TOGAF. TOGAF was built to enable organizations to achieve their goals in a cost-effective manner. The benefits of TOGAF include: Efficiency in communicating and changing EA. In this post, we’ll cover: What Is TOGAF? History of TOGAF.

Cost-Benefit 133

Cost-Benefit Enterprise Data Processing Management 133

Smart Data Collective

DECEMBER 13, 2021

This figure will continue to grow as more online retailers discover the benefits of using big data for various purposes, such as marketing. From books, clothes, and shoes to courses and memberships, consumers are interacting with digital businesses more than ever. There are a lot of benefits of using big data in the e-commerce sector.

Data-driven 136

Data-driven Marketing Strategy Big Data 136

Smart Data Collective

DECEMBER 20, 2022

In fact, FastSpring estimates that 37% of vendors increased what they were charging between Q1 2021 and Q1 2022, driving up software costs for the average customer. And next thing you know, you’ll be on their books and moving through the sales process. There are a lot of benefits and risks of using artificial intelligence.

Cost-Benefit 111

Cost-Benefit Software Sales Finance 111

CIO Business Intelligence

NOVEMBER 23, 2022

Benefits of enterprise architecture There are several benefits to enterprise architecture , including resiliency and adaptability, managing supply chain disruptions, staff recruitment and retention, improved product and service delivery, and tracking data and APIs. Giving business the ability to prioritize investments.

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

CIO Business Intelligence

OCTOBER 4, 2022

“For internal stakeholders, identity strengthens customer intelligence, improves ROI and generates new revenue streams across sales, marketing, IT and other departments, among many other benefits.” In short, an identity solution is critical to being able to properly analyse and leverage customer data. billion in ads, and Walmart $2.1

Cost-Benefit 105

Cost-Benefit Strategy Digital Transformation ROI 105

CIO Business Intelligence

MARCH 19, 2024

By using less space more efficiently, they can reduce rental, maintenance and utility costs as well as their carbon footprint. In these scenarios, it’s best practice to enable employees to easily book spaces for formal and informal collaboration with their colleagues.

Cost-Benefit 69

Cost-Benefit Reporting Technology Optimization 69

Juice Analytics

MARCH 30, 2021

Gathering, storing, and managing data all costs money. There are many benefits of having a data fluent culture , but what does it take to get there? Here’s the framework we first outlined in our book Data Fluency : Data fluency is a web of connected elements. Data alone isn’t valuable—it’s costly.

Cost-Benefit 131

Cost-Benefit Statistics Metrics Dashboards 131

CIO Business Intelligence

MARCH 14, 2022

Decisions are often made under some degree of uncertainty; 100% certainty is generally impossible, not necessary, and can be prohibitively expensive in terms of cost or time. So, it follows that there’s an optimal level of data where collecting further information won’t be worth the added cost. I call this point data saturation.

Uncertainty 102

Uncertainty Measurement Cost-Benefit Optimization 102

O'Reilly on Data

APRIL 22, 2020

Compliance functions are powerful because legal violations result in clear financial costs. The era in which fines were merely a cost of doing business appears to be ending. As a privacy leader in the technology space, Apple knows this well and has benefited from a strong reputation as a data steward.

Cost-Benefit 249

Cost-Benefit Finance Strategy Data-driven 249

Smart Data Collective

JANUARY 11, 2023

Some of the case studies on the benefits of data-driven marketing are quite promising. Most of the discussions on the benefits of big data in marketing focus on technology businesses. Data-driven marketers recognize the growing benefits of AI for creating great video content or even live-streaming video content.

Data-driven 101

Data-driven Marketing Advertising Big Data 101

Smarten

FEBRUARY 3, 2023

Client is a leading Highway Toll Plaza Management Company, with a large portfolio of road projects and an order book value of USD 1.6 Key Benefits and Deliverables: Predefined Toll Plaza Performance Management solution with ready-to-use dashboards, KPIs, reports, and analysis. Distribution of reports to users in appropriate formats.

KPI 52

KPI Management Analytics Dashboards 52

Smart Data Collective

APRIL 20, 2023

Professors can use big data to make personalized curricula using online resources, textbooks, e-books, and school software programs. A country which offers its population an excellent education system is far more likely to thrive benefits associated with it. Professors aren’t the only ones using big data at universities.

Big Data 101

Big Data Cost-Benefit Data Science Data-driven 101

BA Learnings

SEPTEMBER 26, 2020

On the other hand, companies that dare to break the moulds of traditional business practices via innovative business models continue to enjoy significant benefits today. Failing to adjust one’s business model to suit the ever-dynamic business environment can threaten and diminish the longevity of any business.

Modeling 130

Modeling Cost-Benefit Strategy Technology 130

BA Learnings

SEPTEMBER 26, 2020

On the other hand, companies that dare to break the moulds of traditional business practices via innovative business models continue to enjoy significant benefits today. Failing to adjust one’s business model to suit the ever-dynamic business environment can threaten and diminish the longevity of any business.

Modeling 130

Modeling Cost-Benefit Strategy Technology 130

Mark Raskino

MARCH 3, 2023

Within the study, the researchers asked about the benefits both to the companies and to the workforce. “It You say you like the sense of control and you hope you are getting a lower price because those service staff costs are no longer in the model. Nearly all of them found positive results from moving to four-day working.

Cost-Benefit 52

Cost-Benefit Insurance Marketing Enterprise 52