CIO Business Intelligence

MAY 22, 2023

ROI becomes a waiting game. What if there was a way to get ROI today and still train the workforce for a quantum tomorrow? Quantum-inspired solutions can train Large Language Models (LLMs) faster and cheaper, provide explainability when making credit decisions, and help spot flaws in production lines.

ROI 52

ROI Machine Learning Optimization Cost-Benefit 52

Jet Global

JUNE 30, 2020

CFOs have an opportunity to play a key role in positioning their companies for a successful rebound by carefully assessing return on investment (ROI) and helping the C-suite make the right capital investments. Investing in Financial Intelligence. ROI Analysis. Shifting Business Models. Diversification and Risk.

ROI 59

ROI Uncertainty Finance Cost-Benefit 59

CIO Business Intelligence

APRIL 18, 2022

times more likely when they demonstrated ROI on their BI or data analytics investments. It could be a dataset, an ML model, or a report. Product-based thinking means that there’s an owner in the business, managing it strategically with an ROI attitude. A framework for data project ROI.

ROI 116

ROI IT Dashboards Sales 116

CIO Business Intelligence

APRIL 11, 2023

Over the next five years, the healthcare industry is expected to go through dramatic changes as service providers expand value-based care models and equipment manufacturers strive to keep pace in a digital-first world. Everybody wants to have a business impact and business outcome,” she explains.

Modeling 98

Modeling IT Strategy Uncertainty 98

CIO Business Intelligence

JUNE 3, 2024

The study surveyed 200+ IT and financial leaders who have implemented a FinOps model across many industries, and the findings focus on best practices for maximizing ROI on cloud infrastructure and applications. Ultimately, DIY can jeopardize the ROI of a FinOps practice. The problem? The tools they use.

Cost-Benefit 102

Cost-Benefit ROI Optimization Software 102

Octopai

OCTOBER 5, 2021

Is the cost based on quantity of assets, usage, users or another pricing model? Return on investment (ROI). We hope that this detailed guide can smooth the path to selecting the right data catalog software for your business intelligence. Are these likely to change over time? Making Smart Choices.

Business Intelligence 84

Business Intelligence Software Cost-Benefit Metadata 84

CIO Business Intelligence

AUGUST 4, 2022

That’s typically due to the exponential growth in dataset size and complexity of AI models. “In In an early phase, you might submit a job to the cloud where a training run would execute and the AI model would converge quickly,” says Tony Paikeday, senior director of AI systems at NVIDIA. Artificial Intelligence, IT Leadership

Modeling 97

Modeling Cost-Benefit ROI Data Lake 97

CIO Business Intelligence

JUNE 4, 2024

On the pro-code front, Andreas Welsch, VP and head of AI marketing, said in an interview that SAP is leveraging its partnership with Nvidia to fine tune an LLM model on ABAP code. We’ve been telling this for a long time that you need to focus on the ROI,” she said, adding that, at first, “everyone was jumping on productivity.

IT 120

IT Data Governance ROI Business Objectives 120

CIO Business Intelligence

MARCH 6, 2024

3 business benefits of stronger security Having a more secure IoT network is a huge win in itself, but there are three additional benefits worth knowing about. 3 business benefits of stronger security Having a more secure IoT network is a huge win in itself, but there are three additional benefits worth knowing about.

ROI 127

ROI Manufacturing Cost-Benefit IoT 127

CIO Business Intelligence

JUNE 21, 2023

Quantify the value: Use data and metrics to demonstrate the potential return on investment (ROI) of IT initiatives. Also spotlight the other side of ROI (return on ignorance). Break down the plan into manageable phases and highlight quick wins that can demonstrate early success and generate momentum.

Modeling 106

Modeling Cost-Benefit ROI Digital Transformation 106

datapine

SEPTEMBER 29, 2022

More generally, low-quality data can impact productivity, bottom line, and overall ROI. No, its ultimate goal is to increase return on investment (ROI) for those business segments that depend upon data. Industry-wide, the positive ROI on quality data is well understood. 2 – Data profiling.

Data Quality 241

Data Quality Metrics Data-driven Management 241

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

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

JANUARY 25, 2023

Even by making small advances in this IT arena, teams can deliver large business benefits and demonstrable return on investment (ROI). This downtime avoidance can lead to improved network availability for critical business services, which can provide revenue savings of up to $2.5 million and an ROI of 160%. Networking

IT 98

IT Cost-Benefit ROI Software 98

Smart Data Collective

AUGUST 21, 2019

Companies will place a greater emphasis on quantitative decision-making models than ever before, since new big data technology has made it more reliable. Global Executives Create Highly Sophisticated Big Data Decision Making Models. Companies are capturing more quantitative data than ever to get greater value from their models.

Big Data 81

Big Data Modeling ROI Metrics 81

Smarten

JUNE 8, 2023

Today’s business intelligence solutions provide mobile support for business users in an easy-to-use, self-serve environment, so every team member can participate in data analytics and use that data to perform their role and to make confident decisions. Get the Results You Want From Your Team and Your BI Tools with Mobile BI!

Optimization 67

Optimization Enterprise Business Intelligence Predictive Modeling 67

CIO Business Intelligence

MAY 14, 2024

In my younger and more sarcastic days I used to needle my friend the budgeting manager, who was also responsible for reviewing capital project proposals to ensure their projected ROI exceeded the hurdle rate. What,” I asked him, “is the ROI for budgeting?” My friend would state, in response, “Your budget is your plan! ”

IT 111

IT ROI Strategy Forecasting 111

Howard Dresner

NOVEMBER 6, 2014

Similarly, it’s becoming a powerful way to distribute data and information in business intelligence initiatives. Several business intelligence vendors even promote storytelling as a needed component of data discovery. And therein lies your buried treasure or ROI.

Business Intelligence 45

Business Intelligence ROI Interactive Statistics 45

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. Maybe you’ve even surpassed expectations in each of these yardsticks.

ROI 127

ROI Cost-Benefit KPI Uncertainty 127

CIO Business Intelligence

SEPTEMBER 11, 2023

Education starts with the executive committee and executive operating council, which includes senior leaders from the businesses and corporate functions, Durvasula says. He initiated the creation of a comprehensive operating model. ChatGPT is a massive step forward for business awareness,’’ he says. Rizwan, CIO of Z2C Ltd.,

Digital Transformation 135

Digital Transformation ROI Strategy Data Science 135

CIO Business Intelligence

JUNE 3, 2024

Artificial intelligence is being infused into FinOps practices and cloud cost management platforms. Research shows companies that activate their FinOps model using AI are 53% more likely to achieve a cost savings of greater than 20% — compared to less than 10% without AI. The result? Fewer manual tasks and more cost savings.

Optimization 116

Optimization Data-driven Finance Measurement 116

CIO Business Intelligence

JUNE 3, 2024

Pay-as-you-go” models are touted as cost-efficient but strain budgets without financial oversight diving deep into service usage vs. actual business needs. Variable pricing models create leeway for runaway expenses considering the highly scalable nature of cloud technologies.

Cost-Benefit 98

Cost-Benefit Optimization ROI Strategy 98

Smarten

JULY 20, 2023

According to recent research, every industry is adopting mobile business intelligence as a means of staying abreast of crucial data, collaborating from within and outside the office and enabling business agility and digital transformation (Dx). Mobile BI Provides Numerous Benefits. Explore the Possibilities!

ROI 40

ROI Cost-Benefit Digital Transformation Statistics 40

Cloudera

OCTOBER 30, 2023

Agility, innovation, and time-to-value are the key differentiators cloud service providers (CSP) claim to help organizations speed up digital transformation projects and business objectives. The FinOps framework is helping organizations to obtain the best ROI for their cloud transformation.

Analytics 80

Analytics Cost-Benefit ROI Business Objectives 80

CIO Business Intelligence

APRIL 1, 2024

That’s not hyperbole: TEKsystems’ 2024 State of Digital Transformation report found that 53% of organizations classified as digital leaders are confident that their digital investments will meet expected ROIs. In contrast, only 27% of those categorized as DX laggards say as much.

Strategy 140

Strategy IT ROI Digital Transformation 140

CIO Business Intelligence

FEBRUARY 20, 2024

13: “Outline the project’s value and ROI before implementation.” Or, rather, ignore the part about ROI. 14: “Define your business model and work from there.” Dr. Yeahbut says: Yes, business leaders should know how their business works. It’s a cure that would be far worse than the disease. Don’t do this.

ROI 130

ROI Data-driven Strategy Marketing 130

CIO Business Intelligence

MAY 23, 2022

Many companies whose AI model training infrastructure is not proximal to their data lake incur steeper costs as the data sets grow larger and AI models become more complex. The cloud is great for experimentation when data sets are smaller and model complexity is light. Potential headaches of DIY on-prem infrastructure.

Experimentation 137

Experimentation Cost-Benefit Data Lake Data Science 137

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. Distributed teams and hybrid work models are becoming standard.

ROI 98

ROI Measurement Data Processing Strategy 98

CIO Business Intelligence

MAY 9, 2024

That includes IT, to align AI technologies with existing infrastructure; HR, on workforce development; finance, to understand funding and new business cost models; and legal and compliance, to ensure responsible use of AI. This includes skills in statistical analysis, data visualization, and predictive modeling.

Risk Management 138

Risk Management Risk Cost-Benefit Technology 138

CIO Business Intelligence

DECEMBER 15, 2023

First there was the company’s full embrace of cloud computing, and then a pivot from project management to a product operating model. About a year and a half ago, we moved to a full product operating model. In prior years, we were project-oriented. It appears to be working well. It’s also important to start small, she advises.

Enterprise 105

Enterprise Digital Transformation Marketing Strategy 105

erwin

OCTOBER 8, 2020

And you can’t risk false starts or delayed ROI that reduces the confidence of the business and taint this transformational initiative. Companies everywhere are building innovative business applications to support their customers, partners and employees and are increasingly migrating from legacy to cloud environments.

Data Governance 145

Data Governance Metadata Testing Data Lake 145

CIO Business Intelligence

MARCH 11, 2024

This translates to higher productivity, improved decision-making, and ultimately, higher ROI. Deep industry domain knowledge takes time – and experience – to build, and generally requires a much more expansive delivery model. The funding model also changes – for nearly all verticals.

Manufacturing 106

Manufacturing Cost-Benefit Finance Marketing 106

DataRobot

JANUARY 13, 2022

Many companies find that they have a treasure trove of data but lack the expertise to use it to improve ROI. Even if a data scientist has worked with a particular type of customer data before, their domain expertise doesn’t always translate into actionable insights for the business.

ROI 52

ROI Machine Learning Experimentation Data Science 52

CIO Business Intelligence

APRIL 4, 2024

AWS and Microsoft cloud providers help him employ Machine learning (ML) and AI models to identify documents, transcribe videos and 911 calls, and use Microsoft Cognitive Services, for instance, to enable facial recognition data inclusion in cases. Another model transcribes video into natural language processing to save time for defenders.

Digital Transformation 112

Digital Transformation Data Lake ROI Modeling 112

CIO Business Intelligence

FEBRUARY 22, 2024

Since its creation over five years ago, the Digital Hub has included a team of experts in innovation, technologies, and trends — such as IoT, big data, AI, drones, 3D printing, or advances in customer experience — who work in concert with other business units to identify and execute new opportunities.

IT 106

IT Digital Transformation IoT Cost-Benefit 106

CIO Business Intelligence

NOVEMBER 20, 2023

One business, for example, found that the developers who were making the greatest contributions were spending too much time on noncoding activities. The company changed its operating model to ensure that they focused on what they did best. ROI and Metrics, Software Development Talent capability.

Measurement 127

Measurement Metrics Testing Software 127

CIO Business Intelligence

JULY 26, 2023

The Denver-based realty chain has also developed a homegrown Salesforce-based business intelligence app running off Tableau to power its global network of roughly 145,000 brokers and agents, Ligon says. The gen AI model will save agents time and create better listings.

Data Lake 98

Data Lake Digital Transformation Machine Learning Data Architecture 98