CIO Business Intelligence

AUGUST 23, 2022

Organizations should embrace value-based decision making that focuses on the business objectives and that benefits for the various stakeholders (technology, operations, procurement, finance, security, data analytics, environment, etc.) Transitioning to Business Value . Obtaining more insight into hidden costs (e.g.,

Cost-Benefit 97

Cost-Benefit Business Objectives ROI Risk 97

CIO Business Intelligence

JUNE 21, 2023

Align with business goals: Clearly articulate how IT initiatives can directly support the broader business objectives of the company and help gain competitive advantages. Quantify the value: Use data and metrics to demonstrate the potential return on investment (ROI) of IT initiatives.

Modeling 104

Modeling Cost-Benefit ROI Digital Transformation 104

Jen Stirrup

OCTOBER 28, 2019

In this blog post, I’ll cover the main reasons why this is important, and why every self-respecting Power BI Business Intelligence really needs to care about the issues involved. They also need to consider their ROI over their data; their Risk of Incarceration (thank you to Karen Lopez for that one!).

IT 85

IT Business Intelligence Data Governance ROI 85

CIO Business Intelligence

MARCH 30, 2022

Combining the insights of business leaders with the technical expertise of the CIO leads to synergistic decision-making that differentiates organizations and brings prized marketplace disruption. Power business decisions with enriched data. It is critical that CROs identify and mitigate those risks to minimize impact on ROI.

Technology 89

Technology Internet of Things ROI IoT 89

CIO Business Intelligence

MAY 9, 2023

With this objective in mind: Determine your organization’s innovation appetite (versus its risk appetite; it is too early to speak of ROI in the metaverse). Align on a business objective for the metaverse: Are we trying to engage a specific customer population? Are we trying to improve efficiency?

Digital Transformation 96

Digital Transformation ROI Business Objectives Manufacturing 96

CIO Business Intelligence

MARCH 16, 2022

By embracing VSM concepts, business leaders have been able to establish unified visibility and connection that spans the business. As a result, they have gained the ability to make significant inroads in meeting top-level business objectives, including improving ROI, speeding time to market, and delivering enhanced customer value.

Management 91

Management Cost-Benefit Insurance ROI 91

CIO Business Intelligence

MAY 26, 2022

Through effective implementation of VSM, development leaders can establish portfolios, programs, and cross-functional teams that are better aligned with business objectives. This starts with negotiations between leaders of business and delivery organizations, who have different incentives.

Optimization 100

Optimization Management ROI Digital Transformation 100

CIO Business Intelligence

NOVEMBER 2, 2023

Salesforce found that 41% of line-of-business leaders feel their organization’s data strategy has little or no alignment with business objectives, while 37% of analytics and IT leaders feel the same way. The study suggests that a lack of shared KPIs may be a root cause of this issue.

Data Strategy 127

Data Strategy Strategy Sales Data Governance 127

CIO Business Intelligence

APRIL 19, 2022

Connecting systems with RPA may be trivial, but it has very limited ROI until the business is ready to break the silos and redesign end to end processes. Going after full ROI moves an IA program from a technology play into technology + change management.” – Maxim Ioffe | Global Intelligent Automation Leader, WESCO.

Digital Transformation 103

Digital Transformation Insurance ROI Business Objectives 103

CIO Business Intelligence

MAY 28, 2022

Through effective implementation of VSM, development leaders can establish portfolios, programs, and cross-functional teams that are better aligned with business objectives. This starts with negotiations between leaders of business and delivery organizations, who have different incentives.

Optimization 74

Optimization Management ROI Digital Transformation 74

CIO Business Intelligence

JANUARY 2, 2024

This strategy aims to utilize technology not merely as an operational tool, but as a core driver of business success.” For 2024 we’re focused on delivering ROIs around efficiency — working more productively, with more user satisfaction, to have better profitability.”

IT 144

IT Cost-Benefit Statistics Consulting 144

datapine

DECEMBER 11, 2019

It’s also popular amongst businesses for its simplicity and user accessibility, security, and the widespread connectivity that serves to streamline business models, resulting in maximum efficiency across the board. Artificial Intelligence (AI) technologies are becoming more widespread; it’s becoming a game-changer worth $15.7

Software 314

Software Cost-Benefit Data Processing Data-driven 314

CIO Business Intelligence

JULY 17, 2023

Since we already have the cloud native data lake, we are generating actionable business insights using that data, and plan to leverage them with AI and other new-age tools to uplevel in business. We need to define our business objective before adopting those new tools, because AI is simply algorithm.

IT 87

IT Digital Transformation IoT Internet of Things 87

erwin

NOVEMBER 6, 2020

The clear benefit is that data stewards spend less time building and populating the data governance framework and more time realizing value and ROI from it. . Industry analysts and other people who write about data governance and automation define it narrowly, with an emphasis on artificial intelligence (AI) and machine learning (ML).

Data Governance 97

Data Governance Metadata Data-driven Visualization 97

CIO Business Intelligence

JUNE 28, 2023

Gopalan says that effectively communicating the potential benefits, demonstrating a clear ROI, and addressing any potential challenges were key to winning buy-in and support from the leadership team for the project.

Digital Transformation 85

Digital Transformation Cost-Benefit Informatics Data mining 85

datapine

DECEMBER 17, 2019

If what you are reporting does not align with the wider business objectives, you might end up driving the IT department – and sometimes even the rest of the business – further apart. It is split into four different KPIs: the return on investment (ROI) over a year, expressing the efficiency of IT investments.

Reporting 173

Reporting IT Key Performance Indicator Dashboards 173

CIO Business Intelligence

JANUARY 12, 2023

One key factor to set up the right automations is to match them to the right business objective. For example, companies looking to automate in order to reduce headcount or labor costs might miss the main objective: to improve customer service and grow the business. Forgetting this can be a big mistake.

Consulting 145

Consulting Technology Software Reporting 145

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

DataRobot Blog

NOVEMBER 8, 2022

Learn more from guest blogger Ikechi Okoronkwo, Executive Director, Business Intelligence & Advanced Analytics at Mindshare. In terms of impact, we have helped this client with driving incremental revenue and media driven ROI, despite considerable headwinds in their market environment.

Predictive Analytics 59

Predictive Analytics Marketing Analytics Data-driven 59

CIO Business Intelligence

MAY 30, 2022

TOGAF helps organizations implement software technology in a structured and organized way, with a focus on governance and meeting business objectives.

Enterprise 92

Enterprise Software ROI Digital Transformation 92

CIO Business Intelligence

JUNE 12, 2023

You can directly map pain points in the business to certain aspects of the framework, emphasizing the need for “control-driven IT,” according to the ISACA. The framework gives CIOs and other IT executives a way to demonstrate the ROI on an IT project and how it will help reach key business objectives.

Risk Management 69

Risk Management Strategy Digital Transformation Enterprise 69

Paul Blogs on BI

JUNE 1, 2022

In fact, Salesforce expects to add over $1 billion to its ARR this year as a result of the InfoBurst Squirrel ROI Value Calculators they built and use. Organizations like Salesforce, Honda, Bosch, Tenet Health, and the US Navy, to name a few, are reaping the benefits of it today.

ROI 52

ROI Dashboards Visualization Interactive 52

CIO Business Intelligence

MAY 11, 2022

Idle personnel, employee morale and reputation costs that are not easily definable in dollars can bring down a business.

Management 87

Management Testing Insurance Finance 87

AWS Big Data

MARCH 7, 2023

It includes business intelligence (BI) users, canned and interactive reports, dashboards, data science workloads, Internet of Things (IoT), web apps, and third-party data consumers. The focus is on the ease of consumption and integration with consuming services.

Analytics 74

Analytics Data Warehouse Data Lake Metadata 74