CIO Business Intelligence

JUNE 9, 2023

That gap is becoming increasingly apparent because of artificial intelligence’s (AI) dependence on effective data management. Without it, businesses incur steep costs, but the downside, or costs, are often unclear because calculating data management’s return on investment (ROI), or upside, is a murky exercise.

Strategy 116

Strategy Management Key Performance Indicator ROI 116

CIO Business Intelligence

MARCH 24, 2023

The Business Application Research Center (BARC) warns that data governance is a highly complex, ongoing program, not a “big bang initiative,” and it runs the risk of participants losing trust and interest over time.

Data Governance 142

Data Governance Management Metadata Data Quality 142

CIO Business Intelligence

MARCH 18, 2024

When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. To find promising use cases, Webster Bank canvassed several dozen proposals and decided to start with three that could deliver tangible benefits. We have cost triggers for the compute services.

Risk 133

Risk Cost-Benefit Data Processing Testing 133

datapine

AUGUST 7, 2019

A SaaS dashboard is a powerful business intelligence tool that offers a host of benefits for ambitious tech businesses. What Are The Benefits Of The SaaS Technology? The history of SaaS is not that long, but the numerous benefits have already been proven as quite lucrative. Let’s get started. 2) Vision.

Dashboards 168

Dashboards Management KPI Cost-Benefit 168

datapine

JANUARY 24, 2021

By asking the right questions, utilizing sales analytics software that will enable you to mine, manipulate and manage voluminous sets of data, generating insights will become much easier. Before starting any business venture, you need to make the most crucial step: prepare your data for any type of serious analysis.

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

MAY 15, 2024

If we understand the volume of patients in the hospital and the level of care they need, and can predict future staffing needs, we provide better care for less cost. So if we can see the data behind low appointment times, we can create incentive programs to book those slow times. We’re using data to reduce that wait time.

Cost-Benefit 98

Cost-Benefit Data Governance Data Architecture Reporting 98

DataKitchen

AUGUST 3, 2021

DataOps helps the data mesh deliver greater business agility by enabling decentralized domains to work in concert. . This post (1 of 5) is the beginning of a series that explores the benefits and challenges of implementing a data mesh and reviews lessons learned from a pharmaceutical industry data mesh example.

Data Architecture 246

Data Architecture Data Lake Cost-Benefit Data Warehouse 246

datapine

APRIL 15, 2020

When encouraging these BI best practices what we are really doing is advocating for agile business intelligence and analytics. Therefore, we will walk you through this beginner’s guide on agile business intelligence and analytics to help you understand how they work and the methodology behind them.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

CIO Business Intelligence

APRIL 17, 2024

In most cases, data is stuck in siloes throughout an enterprise and a combination of offerings from both vendors would entice enterprises,” Lopez said. Informatica, according to Park, offers a broader set of tools than Mulesoft, especially in the areas of data quality, data security, and a variety of master data management offerings.

Cost-Benefit 128

Cost-Benefit B2B Marketing Enterprise 128

CIO Business Intelligence

APRIL 4, 2024

To be successful, an AI proof of concept (PoC) project also needs to make good business sense, says CIO Vikram Nafde, CIO at Connecticut-based Webster Bank. The cost of implementing and running AI models can be quite high, so you have to be really careful in assessing the business worthiness of AI use cases,” he says.

Enterprise 134

Enterprise Cost-Benefit Forecasting Strategy 134

Smarten

DECEMBER 3, 2023

Let’s look at some of the reasons business intelligence (BI) and augmented analytics are important to your business and the benefits this type of solution can provide for your enterprise. So, what does all this mean to your business? The benefits of self service analytics are too numerous to mention.

Analytics 40

Analytics Cost-Benefit Data Quality Consulting 40

CIO Business Intelligence

MAY 8, 2024

According to a recent report by InformationWeek , enterprises with a strong AI strategy are 3 times more likely to report above-average data integration success. Additionally, a study by McKinsey found that organisations leveraging AI in data integration can achieve an average improvement of 20% in data quality.

Data Integration 59

Data Integration IoT Cost-Benefit Data Quality 59

Jen Stirrup

AUGUST 14, 2019

What is Data Debt? Data debt is like technical debt, only visible in bad data, poor data quality, and an underuse of data-oriented technology to help make better decisions. At some point, however, we need to pay back data debt if we are to succeed in making better decisions.

Business Intelligence 40

Business Intelligence Finance IT Cost-Benefit 40

datapine

SEPTEMBER 27, 2022

Business leaders, developers, data heads, and tech enthusiasts – it’s time to make some room on your business intelligence bookshelf because once again, datapine has new books for you to add. We have already given you our top data visualization books , top business intelligence books , and best data analytics books.

Business Intelligence 292

Business Intelligence Data Warehouse Data Processing Data mining 292

Jen Stirrup

FEBRUARY 23, 2024

Data Volume : Monitoring changes in the amount of data, which can indicate issues or unexpected behavior in data pipelines. Schema Changes : Tracking data structure or schema changes can affect downstream processes and analytics. Data Quality : Identifying data accuracy, consistency, and completeness issues.

Data-driven 74

Data-driven Data Governance Data Quality Cost-Benefit 74

datapine

JANUARY 21, 2020

Spreadsheets no longer provide adequate solutions for a serious company looking to accurately analyze and utilize all the business information gathered. That’s where business intelligence reporting comes into play – and, indeed, is proving pivotal in empowering organizations to collect data effectively and transform insight into action.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

Smart Data Collective

DECEMBER 21, 2022

A growing number of companies are developing sophisticated business intelligence models, which wouldn’t be possible without intricate data storage infrastructures. The Global BPO Business Analytics Market was worth nearly $17 billion last year. One of the biggest issues pertains to data quality.

Business Analytics 109

Business Analytics Analytics Data Quality Big Data 109

CIO Business Intelligence

FEBRUARY 8, 2024

People across industries envisioned AI as being the fuel for thousands of hours of time saved, replacing jobs to reduce costs, and unlocking innovation at a scale we have never before seen. It is by combining data, human experience, and community that we are able to support developer needs.

Cost-Benefit 119

Cost-Benefit Experimentation Interactive Risk 119

Smarten

FEBRUARY 3, 2023

The Smarten team successfully implemented an Smarten Business Intelligence solution for Toll Plaza Management in less than three weeks. Key Benefits and Deliverables: Predefined Toll Plaza Performance Management solution with ready-to-use dashboards, KPIs, reports, and analysis.

KPI 52

KPI Management Analytics Dashboards 52

CIO Business Intelligence

OCTOBER 24, 2023

There are a lot to choose from, and they vary greatly in cost and complexity. A third benefit of RAG is that it allows you to keep the data the model is using fresh. Many of the popular models available today are based on training data that ended months, or even years ago. Training a large model is costly.

Cost-Benefit 126

Cost-Benefit Modeling Data Quality Statistics 126

IBM Big Data Hub

APRIL 10, 2023

A well-designed data architecture should support business intelligence and analysis, automation, and AI—all of which can help organizations to quickly seize market opportunities, build customer value, drive major efficiencies, and respond to risks such as supply chain disruptions.

Strategy 93

Strategy Data Architecture Cost-Benefit Reporting 93

CIO Business Intelligence

SEPTEMBER 8, 2022

In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years. The ability to pivot quickly to address rapidly changing customer or market demands is driving the need for real-time data.

Cost-Benefit 122

Cost-Benefit Internet of Things Data-driven Data Lake 122

Smarten

MAY 13, 2022

Tech research and analysis firm, Gartner predicts that, ‘Through 2024, 50% of organizations will adopt modern data quality solutions to better support their digital business initiatives,’ and that prediction applies to all types of industries and vertical business sectors, including finance and accounting.

Analytics 76

Analytics Cost-Benefit Finance Software 76

datapine

AUGUST 14, 2019

Data science tools are used for drilling down into complex data by extracting, processing, and analyzing structured or unstructured data to effectively generate useful information while combining computer science, statistics, predictive analytics, and deep learning. Our Top Data Science Tools. BI Tools And Applications.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

CIO Business Intelligence

NOVEMBER 13, 2023

Reimagination of business processes sits at the core of digital transformation, and so, by definition, digital transformation challenges the status quo, throwing we-have-always-done-it-this-way sentiment out of the window. Ensuring data quality, privacy, and security is essential.

Digital Transformation 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

CIO Business Intelligence

JANUARY 24, 2024

Using unstructured data for actionable insights will be a crucial task for IT leaders looking to drive innovation and create additional business value.” One of the keys to benefiting from unstructured data is to define clear objectives, Miller says. What are the goals for leveraging unstructured data?”

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

CIO Business Intelligence

JANUARY 9, 2024

IT leaders say they’re discussing everything from the costs of AI implementations to whether AI is the existential threat to humanity some fear. Rather than argue over those points, CIOs say they shepherd conversations back to business priorities. With AI, we still need business units to identify the most value-based programs.

IT 140

IT Risk Cost-Benefit Enterprise 140

CIO Business Intelligence

DECEMBER 19, 2023

After all, every department is pressured to drive efficiencies and is clamoring for automation, data capabilities, and improvements in employee experiences, some of which could be addressed with generative AI. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

Ontotext

JULY 6, 2023

The visualization and analytical interfaces help enterprises derive valuable business intelligence by connecting business abstractions like products, services and processes to the technical infrastructure that enables them. The solution brings many business benefits. The business benefits here are also significant.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

Cloudera

AUGUST 31, 2021

While this “data tsunami” may pose a new set of challenges, it also opens up opportunities for a wide variety of high value business intelligence (BI) and other analytics use cases that most companies are eager to deploy. . Running on CDW is fully integrated with streaming, data engineering, and machine learning analytics.

Data Warehouse 80

Data Warehouse Cost-Benefit Metadata Data-driven 80

Smart Data Collective

DECEMBER 7, 2020

Often they are plagued by the same factors, such as continuously blocked proxies, complex scraping infrastructure upkeep, poor data quality, and constant need to upgrade parsers, to name a few. . Therefore, data quality assurance is essential.

Data Quality 74

Data Quality Data Collection Big Data Machine Learning 74

CIO Business Intelligence

JANUARY 20, 2023

Companies benefit by keeping or acquiring geographically-dispersed top talent often attracted to a flexible work environment. Notably, businesses are adopting virtual desktop infrastructure (VDI) as a way to keep data secure, teams collaborative, and staff productive while reducing costs.

Technology 59

Technology Cost-Benefit Deep Learning Modeling 59

CIO Business Intelligence

JUNE 27, 2022

As Thomas and team formulated the project, they asked themselves what benefits end-to-end automation of the source-to-pay process might bring besides better cycle time and better visibility into the cash flow. After the first implementation, we understood that supplier data is not always clean,” he says. Visibility.

Cost-Benefit 104

Cost-Benefit Finance Digital Transformation Enterprise 104

CIO Business Intelligence

JUNE 23, 2023

CIOs should prioritize an adaptable technology infrastructure that eliminates data silos, ensures security and governance, and embraces a unified horizontal platform for streamlined data management, reducing integration complexities, skilled workforce requirements, and costs.

Data Strategy 116

Data Strategy Strategy Visualization Consulting 116

CIO Business Intelligence

JUNE 13, 2022

Juniper Research forecasts that in 2023 the global operational cost savings from chatbots in banking will reach $7.3 And that not only benefits customers, but it can also increase morale among the employees. Conversational AI also collects heaps of useful customer data. billion, and for insurance, the savings will approach $1.3

Data Processing 105

Data Processing Deep Learning Insurance Cost-Benefit 105

AWS Big Data

NOVEMBER 16, 2023

In the following sections, we discuss the most common areas of consideration that are critical for Data Vault implementations at scale: data protection, performance and elasticity, analytical functionality, cost and resource management, availability, and scalability.

Enterprise 86

Enterprise Data Warehouse Snapshot Cost-Benefit 86

CIO Business Intelligence

APRIL 11, 2022

There are many benefits that come along with making a city “smart.” It gives the city more information and data to help drive decision making leading to tremendous benefits that positively influence the lives of everyone who lives, works, and visits, such as: . Intel® Technologies Move Analytics Forward.

IoT 145

IoT Measurement Cost-Benefit Deep Learning 145