CIO Business Intelligence

FEBRUARY 13, 2024

IT leaders are drowning in metrics, with many finding themselves up to their KPIs in a seemingly bottomless pool of measurement tools. To name a few — products and services that are delivered on time and on budget, and overall IT ROI.” You have to have a good measure of which teams need to move fast and what they are really achieving.”

Metrics 140

Metrics IT ROI Measurement 140

datapine

SEPTEMBER 29, 2022

5) How Do You Measure Data Quality? In this article, we will detail everything which is at stake when we talk about DQM: why it is essential, how to measure data quality, the pillars of good quality management, and some data quality control techniques. Industry-wide, the positive ROI on quality data is well understood.

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

JUNE 9, 2023

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. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

Strategy 116

Strategy Management Key Performance Indicator ROI 116

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. The ROI of AI assistants is also difficult to measure for many jobs, she adds. We’re still a ways away from clearly understanding who might be winners and losers in this space,” he adds. “The

Cost-Benefit 140

Cost-Benefit ROI Sales Enterprise 140

CIO Business Intelligence

MAY 1, 2024

As Empath-IA took shape, Ingesan allocated 5% of the innovation budget to implement it and to explore other opportunities — an investment already with measurable ROI. Artificial Intelligence, CIO, Digital Transformation, Generative AI, Human Resources, IT Leadership, ROI and Metrics

Digital Transformation 105

Digital Transformation ROI Metrics Measurement 105

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 124

Modeling Cost-Benefit IT ROI 124

datapine

APRIL 12, 2023

Incremental Sales Calculation As mentioned, incremental sales are used by businesses as a key performance indicator to measure the financial success of their promotional efforts. To ensure you yield the results you desire, first establish your goals, then decide on the metrics that you will need to track to measure your performance.

Sales 176

Sales KPI Metrics Cost-Benefit 176

Smart Data Collective

SEPTEMBER 19, 2022

Measure the ROI from delivering a great customer experience. With insights from big data, fintech companies can measure the success of their efforts geared toward providing a positive customer experience. By measuring ROI, they can identify where to improve and what to focus on.

Big Data 129

Big Data ROI Measurement Risk 129

CIO Business Intelligence

MARCH 3, 2024

One component of corporate IT that has long been ‘in range’ for cyber criminals that is often overlooked when protection measures are being put in place are multifunction printers – widely used in almost every organisation. Fortunately, there are tools available to deal with the specific security challenges presented by printers.

IT 111

IT Measurement Risk Testing 111

CIO Business Intelligence

MAY 9, 2023

Like most CIOs you’ve no doubt leaned on ROI, TCO and KPIs to measure the business value of your IT investments. Those Three Big Acronyms are still important for fine-tuning your IT operations, but success today is increasingly measured in business outcomes.

ROI 126

ROI Cost-Benefit KPI Uncertainty 126

CIO Business Intelligence

JANUARY 10, 2024

Plan for cost savings up front Cost optimization starts with defining desired business outcomes and architecting a cost-effective solution right from the start, says Jevin Jensen, research VP, Intelligent CloudOps Market at IDC. Refactoring applications to take advantage of cloud-native services is vital to maximizing cloud ROI.

Cost-Benefit 124

Cost-Benefit Measurement Optimization Metrics 124

Smarten

MAY 5, 2023

Embedded BI Goes Beyond Technology ROI to Improve Clarity, Agility and Productivity! If your organization hasn’t considered Embedded Business Intelligence (BI), it may be time for you to acknowledge the benefits and begin the process of integrating Embedded BI into your technology and business process strategy.

ROI 67

ROI Cost-Benefit Software Reporting 67

CIO Business Intelligence

FEBRUARY 13, 2024

For example, if you are in banking, your organization is likely to measure itself by profitability ratios such as net interest margin (the difference between interest income generated and interest expenses) or PCL (provision for credit losses). Marketing and sales had measured success by how many new card accounts were opened.

Measurement 111

Measurement Metrics Strategy Marketing 111

CIO Business Intelligence

APRIL 19, 2024

AI promises cost savings, productivity improvements, and better customer experiences, but CIOs need to figure out how to calculate the ROI , McDonald said. increase in IT spending this year, and it measured a 3.3% “Everybody is still pretty much at the starting line from an enterprise perspective.” growth in 2023. trillion and $1.49

IT 132

IT Software Cost-Benefit ROI 132

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

datapine

JANUARY 24, 2021

Additionally, you want to clarify these questions regarding data analysis now or as soon as possible – which will make your future business intelligence much clearer. Or even better: “Which marketing campaign that I did this quarter got the best ROI, and how can I replicate its success?”. Giving the most ROI?

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

FEBRUARY 8, 2023

Measuring investment and determining ROI plays a big part in this and proving the ROI for customer experience is essential for organisations to continue investment and growth. By 2025, more than 50% of IT organizations will use digital employee experience to prioritize and measure digital initiative success.

ROI 98

ROI Measurement Data Processing Strategy 98

CIO Business Intelligence

SEPTEMBER 11, 2023

Additionally, members of the C-suite participate in monthly sprint sessions detailing the features shipped and the UX analytics that measure feature acceptance, while reinforcing the basic data science tenets and emphasis on value creation, he says. You have to get that understanding first.”

Digital Transformation 135

Digital Transformation ROI Strategy Technology 135

CIO Business Intelligence

MAY 9, 2023

The better way The second and better way to approach the problem of IT value is to measure the effectiveness of the IT operation. The advertising department is routinely measured on whether it is increasing corporate sales. Moreover, the user department is often not interested in proving ROI for several reasons.

ROI 52

ROI Sales Measurement Advertising 52

CIO Business Intelligence

FEBRUARY 28, 2024

While SD-WAN may represent a higher initial investment compared to traditional routers, the long-term return on investment (ROI) is significant. The ability to save costs on connectivity, optimize security measures, and streamline network operations contribute to the overall cost-effectiveness of SD-WAN.

Cost-Benefit 98

Cost-Benefit Digital Transformation ROI Strategy 98

CIO Business Intelligence

OCTOBER 6, 2022

They have clearly defined deadlines, specific cost estimates and deliverables, and calculated and expected ROI. True R&D has a totally different set of rules, measurements, and expectations. IT projects by nature are very project-management oriented. It doesn’t work that way.

IT 145

IT ROI Cost-Benefit Software 145

Smarten

FEBRUARY 13, 2024

Executives – Senior executives will be looking at investment costs, return on investment (ROI) and the total cost of ownership (TCO) and at the value you claim this solution will provide. Ensure that the vendor you engage will provide support for IT so that your IT team is not overwhelmed with new and expanded tasks and responsibilities.

Analytics 67

Analytics Cost-Benefit ROI Reporting 67

Smart Data Collective

AUGUST 30, 2021

The simplest way is to measure the performance of your knowledge management. Unlike marketing metrics, knowledge management is challenging to measure. While there is no magic wand that you can swish and flick, there are certain metrics that you can track to measure the success of your knowledge base. Let’s get started!

Management 134

Management Analytics Metrics Measurement 134

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

IBM Big Data Hub

SEPTEMBER 6, 2023

Audience segmentation: AI helps businesses intelligently and efficiently divide up their customers by various traits, interests and behaviors, leading to enhanced targeting and more effective marketing campaigns that result in stronger customer engagement and improved ROI.

Marketing 84

Marketing Technology Advertising ROI 84

CIO Business Intelligence

JANUARY 23, 2024

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). He suggests, “Choose what you measure carefully to achieve the desired results.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

CIO Business Intelligence

AUGUST 7, 2023

In “ Making a new business case for cloud computing ,” he writes, “The most significant value of cloud computing is rarely found in cost savings, although they sometimes do occur; it’s about delivering the more critical business values of agility and speed to innovation.” Agility and speed to innovation.

Cost-Benefit 98

Cost-Benefit Measurement ROI Risk 98

CIO Business Intelligence

APRIL 10, 2023

It is important, therefore, that management understand the processes involved in proposing the system, estimating the cost, determining the ROI, producing the deliverables, changing the specifications and time frames, and measuring the system effectiveness. One final thing.

IT 99

IT ROI Sales Reporting 99

Juice Analytics

JANUARY 9, 2023

She is the Senior Director of Business Intelligence and Analytics at JLL, a global professional services company specializing in real estate and investment management. Jamie’s Data Fluency team, a subset of her larger Business Intelligence team, is focused on facilitating the use of data throughout the organization.

Analytics 64

Analytics Dashboards ROI Reporting 64

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 .

Cost-Benefit 105

Cost-Benefit Business Objectives ROI Risk 105

CIO Business Intelligence

DECEMBER 5, 2023

Ensuring all IT spend is directly tied to business demand acts as an automatic cost optimizer. CIOs should also periodically review projects in play to reprioritize them based on anticipated ROI and feasibility, says 11:11’s Pratt. A major cost-cutting measure we’re undergoing is evaluating and consolidating vendors.

IT 138

IT Cost-Benefit ROI Digital Transformation 138

CIO Business Intelligence

DECEMBER 15, 2023

That’s only a small example of the benefits Companieh expects from the firm’s massive investment in AI, and she acknowledges it will take much more time and experience with LLMs before she can measure tangible ROI. I’m not unlike a lot of CIO peers. We’re in a balancing act,” she says.

Enterprise 105

Enterprise Digital Transformation Marketing Strategy 105

CIO Business Intelligence

NOVEMBER 18, 2022

Utilization and efficiency provide vital insights for understanding the business value of expenses incurred. However, it can be challenging to measure the business value associated with each type of cloud resource based on performance, availability, and other factors. Overcoming these challenges goes back to KPIs and OKRs.

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

datapine

OCTOBER 17, 2019

Management reporting is a source of business intelligence that helps business leaders make more accurate, data-driven decisions. To answer these questions, you will need a financial management report, focused not on legal requirements, but business-level, and decision-making ones.

Reporting 263

Reporting Management Dashboards KPI 263

CIO Business Intelligence

MARCH 11, 2024

Step 2: Build a maturity framework to track the progress of innovation This step for tracking and measuring what IT innovation brings to the organization can be divided into three parts: developing an innovation maturity roadmap, organizational empowerment, and creating a return-on-investment model.

Data-driven 69

Data-driven Strategy ROI Machine Learning 69

datapine

JUNE 7, 2022

From political issues to sports statistics and the recent report you received on the ROI of your company blog, the internet as well as informational reports are flooded with examples of misleading data visualization. Nobody likes feeling manipulated in any way, shape, or form. Using the wrong chart type. Poor decision-making.

Visualization 267

Visualization Metrics Statistics Dashboards 267

CIO Business Intelligence

AUGUST 4, 2023

As CIOs and technology leaders, we’re almost always in the role of the technology evangelist, bringing both mainstream and emerging technology into the organization for business benefit. AI is just getting started and it’s now that we need to be asking hard questions.

Risk 98

Risk Risk Management ROI Technology 98