IBM Big Data Hub

NOVEMBER 6, 2023

Through workload optimization, watsonx.data can reduce the cost of an enterprise’s data warehouse by up to 50%. Paired with IBM’s data consulting services, enterprises can leverage watsonx.data to track usage, generate dashboards and ultimately enable strategic decision making.

Cost-Benefit 109

Cost-Benefit Enterprise ROI Data Warehouse 109

IBM Big Data Hub

OCTOBER 25, 2023

First, technology leaders need to estimate the full financial impact of modernization (versus the cost of not modernizing) across the organization. Code generation: Code generation helps IT leaders overcome challenges related to developer bandwidth and optimizing the skills of a limited talent pool.

Cost-Benefit 88

Cost-Benefit ROI Modeling Testing 88

CIO Business Intelligence

AUGUST 2, 2023

Modernize with purpose Before you begin, it’s essential to tie any app modernization project to the business need that is being addressed, says Aparna Sharma, a managing partner for hybrid cloud services at IBM Consulting. This will enable you to define, develop, and execute the optimal migration and modernization path for your business.”

Consulting 98

Consulting Testing Software Cost-Benefit 98

IBM Big Data Hub

JUNE 2, 2023

IBM Consulting’s Accelerated Incremental Mainframe Modernization Legacy applications, while being the current crown jewels of states’ IT ecosystems, hinder business agility and are expensive and complicated, therefore making any rebuild, refactor or integration attempts risky. Why IBM Consulting and AWS?

Consulting 86

Consulting Cost-Benefit Technology ROI 86

datapine

MAY 21, 2019

Armed with BI-based prowess, these organizations are a testament to the benefits of using online data analysis to enhance your organization’s processes and strategies. Many are also overwhelmed by where to start, worried about cost and effort, and discouraged by stories of BI failures. “Up And the success stories are seemingly endless.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards Slice and Dice 183

Smart Data Collective

MAY 17, 2023

AI has a number of benefits for ERP software: AI technology can improve how ERP software handles and analyzes data. When integrated with an ERP system, AI can identify inefficient processes and suggest cost-cutting solutions. AI technology integrated into an ERP system can also be beneficial for UX optimization.

Enterprise 96

Enterprise Cost-Benefit Software Data-driven 96

IBM Big Data Hub

NOVEMBER 30, 2023

A talent acquisition strategy is a comprehensive plan an organization develops to optimize its talent acquisition—the identification, attraction and retention of the right talent. Highlight the unique benefits, opportunities, and culture. Describe the application process.

Strategy 67

Strategy Cost-Benefit Consulting Data-driven 67

IBM Big Data Hub

MARCH 29, 2024

Organizations that succeed at customer retention will benefit by encouraging customer loyalty. It is incumbent upon the company to optimize that customer’s experience to encourage repeat customers and grow a healthy customer base. They provide best practices for customers and solicit feedback for product improvements.

Strategy 63

Strategy Cost-Benefit Key Performance Indicator Marketing 63

IBM Big Data Hub

JUNE 26, 2023

The benefits of AIOps are many. For today’s IT professionals, AIOps is also one of the fastest ways to realize tangible ROI from digital transformation investments. For today’s IT professionals, AIOps is also one of the fastest ways to realize tangible ROI from digital transformation investments. But where to start?

Digital Transformation 55

Digital Transformation Cost-Benefit ROI Data-driven 55

CIO Business Intelligence

MAY 2, 2023

GenAI technologies offer significant potential benefits for retail organizations, including speedy price adjustments, customized behavior-based incentives, and personalized recommendations in response to searches and customer preferences. Caton : CarMax reviews millions of vehicles. TCS knows the industry as well as most retailers.

Cost-Benefit 97

Cost-Benefit Sales Visualization ROI 97

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

IT 105

IT Cost-Benefit ROI Risk 105

CDW Research Hub

NOVEMBER 11, 2020

Staying ahead of increasing and evolving cybersecurity threats is a continuous effort that requires both a relentless focus on advancing your security posture and an optimized security stack that delivers on the promises made at purchase. Are there ways to optimize the current cost of our security posture? The workshop approach.

Optimization 52

Optimization Cost-Benefit Snapshot Testing 52

datapine

JANUARY 24, 2021

An average business user and cross-departmental communication will increase its effectiveness, decreasing time to make actionable decisions and, consequently, provide a cost-effective solution. 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

MARCH 21, 2022

Staying razor-focused on business benefits and communicating in a language everyone understands is central to successful IT initiatives, whether the project involves state-of-the-art technology like robotic process automation (RPA) or is a bit more mundane, like upgrading an aging data center. Jamie Holcombe U.S. Credit: CIO.

IT 131

IT Digital Transformation Consulting Technology 131

Sisense

FEBRUARY 26, 2020

Digital transformation has proven benefits. Most significantly, it can increase revenue, boost efficiency, productivity and innovation, reduce costs, reinforce security and differentiate your business. Data-driven companies typically enjoy an increase in profit of eight to ten percent and a ten percent reduction in overall cost.

Digital Transformation 90

Digital Transformation Analytics Cost-Benefit Data-driven 90

Smart Data Collective

NOVEMBER 29, 2021

Many business owners have discovered the wonders of using big data for a variety of common purposes, such as identifying ways to cut costs, improve their SEO strategies with data-driven methodologies and even optimize their human resources models. Data analytics can help with this as well.

Data Analytics 113

Data Analytics Analytics Big Data B2B 113

Smart Data Collective

DECEMBER 14, 2019

It allows leaders and innovators to explore and reach new levels of competitive advantages and save cost and time for both the company and the client. AI and big data are helping large companies already in optimizing many areas with smoother delivery and improved productivity. Better ROI on marketing activities. Fewer calls.

Big Data 66

Big Data Cost-Benefit B2B Sales 66

Jet Global

FEBRUARY 18, 2020

Previously, executives often relied on “squishy metrics” to prove they were generating revenue, reducing costs, optimizing CapEx or OpEx, or retaining customers. So there are many levels of benefit when using these technologies. I remember seeing teams of hundreds of consultants working on $400 million implementation projects.

Data-driven 64

Data-driven Machine Learning Cost-Benefit ROI 64

Jedox

APRIL 23, 2020

The key benefits of SPM automation are: Savings of 3% to 5% in sales compensation expenses & over payments. Reduced operational costs in administering various SPM functions. However, updates to these rules must be made by skilled and highly trained consultants. Data-driven analytics to speed up decisions and actions.

Sales 52

Sales Management B2B Dashboards 52

Anmut

MARCH 22, 2023

Anmut’s own clients estimate that poor data quality and availability causes at least 16% additional cost per year. The Anmut 5-step data maturity model At Anmut, we’ve created a data maturity model in consultation with data managers, academics, and business leaders. And data governance both starts and depends on people.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

CIO Business Intelligence

FEBRUARY 21, 2023

Understand that we might have to throw it away quickly, and that’s not a sunk cost,” Piddington says, adding that as a result CIOs need to get okay with more churn in the tech stack and truly embrace technology strategies centered around smaller investments and iterative builds rather than the big projects of yesteryear.

Digital Transformation 145

Digital Transformation Marketing Technology Software 145

IBM Big Data Hub

NOVEMBER 22, 2023

Here are some key benefits an enterprise resource planning system can bring when managing all aspects of the business. Improve transparency and insights One of the benefits of ERP is that it offers full access to every business function and process in an organization all in one place. An ERP system could potentially reduce those costs.

Cost-Benefit 66

Cost-Benefit Consulting Software Enterprise 66

bridgei2i

MAY 19, 2021

They touch upon the role of GICs in driving the digital transformation agenda, the high visibility it brings to all functional areas of an organization, and the part it plays in bridging the gap between growth inefficiencies and cost management. This industry initially was, of course, everybody came to India and played a cost arbitrage game.

Enterprise 75

Enterprise Digital Transformation Cost-Benefit Marketing 75

datapine

JANUARY 18, 2023

Businesses use this type of report to spot any issues and define their solutions, or to identify improvement opportunities to optimize their operational efficiency. Operational reports are commonly used in manufacturing, logistics, and retail as they help keep track of inventory, production, and costs, among others.

Reporting 201

Reporting Metrics Dashboards Visualization 201

CIO Business Intelligence

OCTOBER 3, 2023

With demand for low-cost energy ever increasing, along with competition from renewable sources of energy, ConocoPhillips is leveraging digital twins to optimize the safety and efficiency of its assets. This makes sense because it helps with safety, costs, and ultimately GHG [greenhouse gas] emissions.” billion to construct.

Digital Transformation 120

Digital Transformation Cost-Benefit Data Processing Optimization 120

AWS Big Data

OCTOBER 26, 2023

times lower cost per user and up to 7.9 times lower cost per user and up to 7.9 Read on to understand why price-performance matters and how Amazon Redshift price-performance is a measure of how much it costs to get a particular level of workload performance, namely performance ROI (return on investment).

Data Warehouse 91

Data Warehouse Cost-Benefit Dashboards Optimization 91

CIO Business Intelligence

DECEMBER 7, 2022

Put simply, it’s no longer a question of if your organization needs to fully optimize its IT production environments, but why haven’t you optimized them already? million in labor costs (contract or permanent) over a three-year period. Building a business case and defining a clear path to ROI.

ROI 92

ROI Cost-Benefit Modeling Data-driven 92

CIO Business Intelligence

JUNE 29, 2022

Many CIOs are turning to RPA to streamline enterprise operations and reduce costs. What are the benefits of RPA? RPA provides organizations with the ability to reduce staffing costs and human error. Bots are typically low-cost and easy to implement, requiring no custom software or deep systems integration.

Cost-Benefit 142

Cost-Benefit Software Enterprise Machine Learning 142

IBM Big Data Hub

JULY 6, 2023

To do this requires improving user support tools that can help business leaders with the increasingly complex decisions needed to optimize across cost, service level, working capital and sustainability. Yet CEOs face key barriers as they race to modernize and adopt new technologies like generative AI.

Cost-Benefit 56

Cost-Benefit Business Driver Consulting ROI 56

IBM Big Data Hub

SEPTEMBER 11, 2023

What makes or breaks the success of a modernization is our willingness to develop a detailed, data-driven understanding of the unique needs of those that we aim to benefit. How to prioritize : Use data to understand what enhancements and capabilities would bring the greatest benefit.

Data-driven 90

Data-driven IT Measurement Cost-Benefit 90

Occam's Razor

JANUARY 24, 2011

One great benefit: I get detailed reports from Amazon that tell me clicks and conversion rates! Compute conversion for online, identify costs saved due to non-payment of bounty, identify goal value! Periodically (at least once a quarter, though once a month is optimal) go back and validate you have the right number. #3:

Analytics 122

Analytics Finance B2B ROI 122

Smarten

JULY 29, 2022

Improving ROI and TCO. By adding embedded BI and augmented analytics to these software environs, the organization can enhance and improve the return on investment (ROI) and reduce the total cost of ownership (TCO). Technology investment is usually a sizeable portion of the enterprise budget.

ROI 52

ROI Software Cost-Benefit Consulting 52

IBM Big Data Hub

MAY 9, 2023

This results in both increased ROI and much faster time to market. For AI to be truly transformative, as many people as possible should have access to its benefits. With watsonx.data , businesses can quickly connect to data, get trusted insights and reduce data warehouse costs. Trust is one part of the equation. Watsonx.ai

Data Warehouse 109

Data Warehouse Cost-Benefit Machine Learning Modeling 109

CIO Business Intelligence

SEPTEMBER 25, 2023

To that end, CIO.com asked a half-dozen longtime IT leaders — current and former CIOs as well as consultants and executive advisers — to share the questions they think CIOs should ask themselves to determine whether they’re sailing to success or about to dash onto the rocks. They came up with the following 10. It’s a common scenario.

Digital Transformation 145

Digital Transformation Measurement Data-driven Metrics 145

Occam's Razor

DECEMBER 9, 2013

Progress in digital marketing and analytics in either scenario becomes painful (the organization / systems / thinking is simply not in the optimal position). They find the closest industry leader (L'Oreal, Booking, Zyrtec, Innocent Drinks, CSC Consulting). Bonus: Facebook Marketing: Best Metrics, ROI, Business Value ].

Marketing 165

Marketing Analytics Key Performance Indicator Optimization 165

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

by THOMAS OLAVSON Thomas leads a team at Google called "Operations Data Science" that helps Google scale its infrastructure capacity optimally. Based on the decisions being made and how quickly plans can adjust to new forecast updates, what is the cost of forecasting too high or too low? Our team does a lot of forecasting.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Occam's Razor

AUGUST 13, 2012

Bjoern Sjut3: My main issue at the moment: How will multi-channel funnels and ROI calculations work in a multi device world? If your wish in the second part is to track effectiveness of advertising ( how to determine ROI ) then please see this post: Measuring Incrementality: Controlled Experiments to the Rescue! That is the solution.

Modeling 124

Modeling Metrics Data Quality Data-driven 124