CIO Business Intelligence

JUNE 27, 2022

Today, many CIOs feel the same way about metrics. Metrics are only as good as their source. Too often, technology companies pay consulting or analyst firms to create metrics based on the best characteristics of their offerings,” says Judith Hurwitz, CEO of Hurwitz Strategies, an emerging technology consulting firm.

Metrics 131

Metrics KPI IT Consulting 131

CIO Business Intelligence

OCTOBER 12, 2023

The following are strategies you can leverage as a team to change this attitude: Leveraging data for impact One key strategy is using data to demonstrate the service desk’s influence on your organization’s bottom line. This involves analyzing key metrics like resolution times, ticket volumes, knowledge base usage, and call data.

Strategy 98

Strategy ROI IT Cost-Benefit 98

Smarten

FEBRUARY 6, 2023

Embedded BI Improves ROI and TCO for Existing Technology and Benefits Business Users! One of the often-overlooked advantages of this strategy is the improvement of return on investment (ROI) and total cost of ownership (TCO).

ROI 52

ROI Business Intelligence Cost-Benefit Software 52

CIO Business Intelligence

OCTOBER 13, 2022

One of the most important parameters for measuring the success of any technology implementation is the return on investment (ROI). Providing a compelling ROI on technology initiatives also puts CIOs in a stronger position for securing support and funds from the business for future projects. Deploy scalable technology.

ROI 126

ROI IT Sales Consulting 126

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. That gap is becoming increasingly apparent because of artificial intelligence’s (AI) dependence on effective data management. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents. The second best time is now.”

Strategy 107

Strategy Management Key Performance Indicator ROI 107

BizAcuity

MAY 16, 2022

Fast food companies like Domino’s, McDonald’s and KFC collect massive amounts of data which includes customer data and other key business metrics for their own operations. Now, businesses, regardless of the industry, are leveraging data and Business Intelligence to stay ahead of the competition.

Business Intelligence 52

Business Intelligence Data mining Visualization Data Lake 52

CIO Business Intelligence

MARCH 12, 2024

With greater scrutiny on margins and ROI, CIOs must spend wisely, making today’s economic environment a more difficult one for selling preemptive projects that don’t produce immediate ROI. Here are three strategies for getting it done. When these additional costs appear, the original ROI prognosticators get unhappy.

ROI 119

ROI IT Manufacturing Metrics 119

Jet Global

MARCH 24, 2024

Non-profit metrics quantify the organization’s many endeavors in extending its impact on society. The spirit of KPIs generated for a non-profit organization is not unlike a for-profit business. How to choose the right non-profit metrics? What is a kpi?

Metrics 52

Metrics Reporting KPI Measurement 52

datapine

APRIL 12, 2023

A loyal, high-value repeat customer is worth more than a cheap sale, and by implementing the right strategy, setting the right goals, and working with the right KPIs, you will achieve the results you desire. But how do you calculate the impact of your promotional strategies? What Are Incremental Sales? Keep reading to find out!

Sales 176

Sales KPI Metrics Cost-Benefit 176

CIO Business Intelligence

MARCH 26, 2024

Should reducing or eliminating customer rage become an IT metric? Glenn Laverty, now retired and former president and CEO at Ricoh Canada, finessed this responsibility/authority paradox tying every employees’ compensation to customer experience/satisfaction metrics. Business IT Alignment, IT Leadership, IT Strategy, ROI and Metrics

Key Performance Indicator 122

Key Performance Indicator Broadcasting Metrics Measurement 122

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 117

Modeling Cost-Benefit IT ROI 117

CIO Business Intelligence

JANUARY 23, 2024

For example, McKinsey suggests five metrics for digital CEOs , including the financial return on digital investments, the percentage of leaders’ incentives linked to digital, and the percentage of the annual tech budget spent on bold digital initiatives. As a result, outcome-based metrics should be your guide.

Measurement 129

Measurement Digital Transformation KPI Metrics 129

CIO Business Intelligence

OCTOBER 30, 2023

We have more visibility into metrics that matter in terms of how we work and use our people,” revealed Chelsey Marr, senior director of the Tyson Technology Program Management Office. Verizon saw the immediate value of heightening process visibility and improving real business intelligence. What you see is maximizing the ROI.”

Management 142

Management Digital Transformation Cost-Benefit ROI 142

Jet Global

JUNE 24, 2021

Non-profit metrics quantify the organization’s many endeavours in extending its impact on society. The spirit of KPIs generated for a non-profit organization is not unlike a for-profit business. How to choose the right non-profit metrics? What are non-profit KPIs?

Metrics 98

Metrics Reporting KPI Measurement 98

Jet Global

JUNE 24, 2023

Non-profit metrics quantify the organization’s many endeavours in extending its impact on society. The spirit of KPIs generated for a non-profit organization is not unlike a for-profit business. How to choose the right non-profit metrics? What are non-profit KPIs?

Metrics 52

Metrics Reporting KPI Measurement 52

datapine

APRIL 13, 2021

Agencies benefit from interactive dashboard tools to prove the success of their strategies and campaigns to clients. As with any other business out there, agencies manage big amounts of data in the form of surveys, social media metrics, website performance, or any other information related to their client’s goals.

Dashboards 256

Dashboards Reporting Analytics Cost-Benefit 256

Jet Global

NOVEMBER 16, 2022

Inventory KPIs and metrics are crucial aspects of the reporting process. Any business that holds and distributes stock needs to have the means to track its health and performance. Inventory KPIs provide businesses with accurate information to make data-driven decisions. Why Inventory KPIs and Metrics Are Essential for Reporting?

Metrics 52

Metrics Reporting KPI Cost-Benefit 52

CIO Business Intelligence

MAY 27, 2024

The ROI of Cybersecurity Training Investing in cybersecurity training is not just a defensive measure; it’s a strategic investment that can yield significant returns. Here are some key strategies: 1. Speak the Board’s Language Board members are often more attuned to financial metrics and business outcomes than technical jargon.

Cost-Benefit 88

Cost-Benefit Statistics ROI Measurement 88

CIO Business Intelligence

FEBRUARY 1, 2024

On the other hand, what if your company has an aggressive sustainability strategy that calls for eliminating all of its data centers within three years, and moving as many apps as possible to SaaS alternatives. You might need this software right now because it fills a critical business need.

Software 126

Software Enterprise Cost-Benefit ROI 126

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. But, by knowing what to look for, you can avoid connecting with metrics that will lead your organization down the wrong path.

Visualization 267

Visualization Metrics Statistics Dashboards 267

datapine

APRIL 22, 2020

Digital dashboards not only help you to drill down into the insights that matter most to your business, but they also offer an interactive visual representation that assists in swifter, more informed decision-making as well as the discovery of priceless new insights. Communicate with stakeholders.

Dashboards 189

Dashboards Key Performance Indicator Visualization Cost-Benefit 189

Smarten

JUNE 22, 2022

Technology research and consulting firm, Gartner, predicts that, ‘By 2023, data literacy will become an explicit and necessary driver of business value, demonstrated by its formal inclusion in over 80% of data and analytics strategies and change management programs.’.

Slice and Dice 76

Slice and Dice Digital Transformation Business Intelligence Predictive Modeling 76

CIO Business Intelligence

MAY 9, 2022

While strong ROI is compelling, so is the fact that people issues are one of the top enterprise risks. Sharing progress toward achieving KPIs and metrics reinforces that commitment. Analyzing metrics and KPIs along the transformation journey helps guide decision-making towards the stated strategy.

Technology 77

Technology ROI Metrics Digital Transformation 77

datapine

NOVEMBER 13, 2019

We will continue with tips on how to do a procurement analysis, and wrap up with real-life examples that you can implement into your own business strategies. With so many areas to consider, deciding which KPIs to focus on while defining metric measurement periods can prove to be a challenge at the initial stages.

Reporting 158

Reporting KPI Cost-Benefit Metrics 158

datapine

JULY 24, 2019

Approaches to communication are changing, and success in today’s technology-driven world correlates directly to the quantity rather than the quality of one’s information—metrics relating to the business, the client, the competitor, and the market. Thanks to specific business intelligence best practices for dashboard design.

Dashboards 148

Dashboards Business Intelligence Visualization KPI 148

CIO Business Intelligence

JANUARY 10, 2024

Optimizing cloud investments requires close collaboration with the rest of the business to understand current and future needs, building effective FinOps teams, partnering with providers, and ongoing monitoring of key performance metrics. We need hard metrics because we’re running 800 instances of cloud computers.

Cost-Benefit 111

Cost-Benefit Measurement Optimization Metrics 111

datapine

MAY 17, 2021

Without a doubt, the best way to drive maximum value from the metrics, insights, and information is through something called data discovery. Fundamentally, this is a term that describes the process through which businesses collect data from a variety of sources and apply it practically to generate real business value.

Visualization 161

Visualization Data-driven Business Intelligence Metrics 161

Smarten

DECEMBER 8, 2023

In this article, we will NOT discuss the benefits of analytics and business intelligence. If your business does not already understand the advantages analytics provides to the organization and to its users, there are plenty of other articles you might want to read to get up to speed.

ROI 70

ROI Digital Transformation Forecasting Optimization 70

CIO Business Intelligence

FEBRUARY 13, 2024

Business alignment is often heralded as a key tenet of successful IT strategies. Doing so gives the CIO an opportunity to bounce strategies and project ideas off a variety of individuals, and to see how well these ideas align with what others feel is important. will surely ask them.

Measurement 97

Measurement Metrics Strategy Marketing 97

FineReport

APRIL 3, 2024

Unveiling BI Dashboard Tools In today’s data-driven environment, Business Intelligence (BI) visualization tools are indispensable for driving data-informed decisions. Dashboards offer succinct overviews of performance metrics, catering to stakeholders requiring swift insights.

Dashboards 52

Dashboards Visualization Metrics Interactive 52

CIO Business Intelligence

MARCH 25, 2024

Back then, applications were predominantly monolithic, three-tier structures, most infrastructure was housed on-premises, and the concept of virtualization—or the elastic metrics that come with today’s cloud and Kubernetes environments—was nonexistent. In its original form, APM was conceived over 30 years ago for a much simpler time.

ROI 79

ROI Consulting Metrics Interactive 79

Jet Global

JANUARY 12, 2021

We recommend that business leaders begin with a clear, actionable strategy for business intelligence (BI). In fact, when you consider the tangible business benefits that powerful reporting can provide, an investment in BI tools delivers a very strong ROI. That does not have to be the case, however.

Strategy 69

Strategy IT Cost-Benefit Finance 69

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

datapine

DECEMBER 17, 2019

The IT management report of today will help you make more informed, more powerful decisions, do your job effectively, and develop exciting new growth strategies. When setting up a business strategy for your IT department, you need to craft a vision, identify goals to achieve and a clear path of how to get there.

Reporting 173

Reporting IT Key Performance Indicator Dashboards 173

datapine

MAY 11, 2022

Concerning professional growth, development, and evolution, using data-driven insights to formulate actionable strategies and implement valuable initiatives is essential. Recent studies discovered that the use of visualizations in data analytics could shorten business meetings by 24%. Did you know? back on every dollar spent.

Visualization 252

Visualization Dashboards Key Performance Indicator Sales 252

CIO Business Intelligence

MARCH 23, 2023

So how can you request a new investment from your decision-makers while ensuring minimal costs and maximum ROI this year? In a survey by Deloitte , 65% of organizations reported that cost reduction was a top business priority, and 52% cited TCO reduction as a key strategy for achieving this goal.

Scorecard 57

Scorecard Cost-Benefit ROI IT 57

CIO Business Intelligence

APRIL 22, 2024

“A truly business-driven IT team shouldn’t just be aligned with business strategy, it should have a seat at the leadership table, have a hand in directing business strategy, and be brought in on any major transformational initiatives from the get-go.” But now we’re integral to the strategy as it’s being created.

IT 100

IT Data-driven Strategy Consulting 100