CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 140

Digital Transformation Unstructured Data Machine Learning Risk Management 140

IBM Big Data Hub

FEBRUARY 6, 2024

Organizations that neglect to develop reliable cyber and disaster recovery strategies expose themselves to a broad range of threats that can have devastating consequences. Reduced costs from unplanned events: Cyber and disaster recovery can be expensive, with critical assets like employees, data and infrastructure being threatened.

Cost-Benefit 97

Cost-Benefit Testing Risk Strategy 97

AWS Big Data

MARCH 12, 2024

We share our benchmarking results and methodology, and insights into the cost-effectiveness of EMR Serverless vs. fixed capacity Amazon EMR on EC2 transient clusters on our data workflows orchestrated using Amazon Managed Workflows for Apache Airflow (Amazon MWAA). PB of data from its data center to EMR on EC2.

Cost-Benefit 91

Cost-Benefit Optimization Big Data Metrics 91

CIO Business Intelligence

APRIL 2, 2024

Underpinning these initiatives is a slew of technology capabilities and strategies aimed at accelerating delivery cycles, such as establishing product management disciplines, building cloud architectures, developing devops capabilities, and fostering agile cultures.

Management 119

Management Digital Transformation Testing Experimentation 119

CIO Business Intelligence

OCTOBER 3, 2023

These tools bring benefits beyond automation. Typically these would include: • Process discovery: comprises process mining to identify bottlenecks and inefficiencies and task mining to identify user interactions in process, enabling those processes for which automation will deliver maximum benefits to be given priority.

Cost-Benefit 111

Cost-Benefit Machine Learning Interactive Software 111

CIO Business Intelligence

MARCH 13, 2024

So when on-boarding potential vendors, productivity has increased by 70 to 80% as a result of using gen AI to help analyze masses of documents. “We We did side-by-side testing,” he says. But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement.

IT 126

IT Consulting Testing Cost-Benefit 126

CIO Business Intelligence

DECEMBER 19, 2023

Be proactive and serve with empathy It cannot be stressed enough how important it is to be active in ensuring that all services delivered to end users are fully vetted and tested to the point where there’s no room for complaints. The benefit of having a well-trained team speaks for itself, Marcetic notes.

IT 139

IT Testing Metrics Optimization 139

IBM Big Data Hub

AUGUST 18, 2023

Regulators also require organizations to test business recovery processes periodically and provide documented test results showing that SLAs have been met. The need for a strong cyber-resilience strategy According to the IBM Cost of Data Breach Report 2023 , the global average cost of data breach was $4.45M.

Cost-Benefit 80

Cost-Benefit Testing Strategy Risk Management 80

IBM Big Data Hub

FEBRUARY 13, 2024

For example, organizations can use generative AI to: Quickly turn mountains of unstructured text into specific and usable document summaries, paving the way for more informed decision-making. Invest in data hygiene and collection strategies to keep your engine running smoothly. Automate tedious, repetitive tasks.

Enterprise 125

Enterprise Modeling Testing Data-driven 125

datapine

SEPTEMBER 29, 2022

There are a lot of strategies that you can use to improve the quality of your information. Paired to this, it can also: Improved decision-making process: From customer relationship management, to supply chain management , to enterprise resource planning, the benefits of effective DQM can have a ripple impact on an organization’s performance.

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

JANUARY 16, 2024

In the rush to establish technical strategies for making good on the promise of generative AI, many CIOs find themselves running headlong into what may be their most challenging task yet: preparing their organization’s end-users — from knowledge workers and assembly line laborers to doctors, accountants, and lawyers — to co-exist with generative AI.

Cost-Benefit 113

Cost-Benefit Enterprise Unstructured Data Technology 113

CIO Business Intelligence

MARCH 24, 2023

Data governance framework Data governance may best be thought of as a function that supports an organization’s overarching data management strategy. Several of the overall benefits of data management can only be realized after the enterprise has established systematic data governance.

Data Governance 142

Data Governance Management Metadata Data Quality 142

datapine

JANUARY 6, 2022

Secondary Research: much like how patterns of behavior can be observed, different types of documentation resources can be coded and divided based on the type of material they contain. Typically, quantitative data is measured by visually presenting correlation tests between two or more variables of significance.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

CIO Business Intelligence

JANUARY 5, 2023

Customers also report they help business users quickly test new services, tweak user interfaces and deliver new functionality. Here are some examples of how IT pros are using low code/no code tools to deliver benefits beyond just reducing the workload on professional developers.

IT 124

IT Cost-Benefit Testing Dashboards 124

AWS Big Data

JANUARY 9, 2024

Lexical search In lexical search, the search engine compares the words in the search query to the words in the documents, matching word for word. Semantic search doesn’t match individual query terms—it finds documents whose vector embedding is near the query’s embedding in the vector space and therefore semantically similar to the query.

Cost-Benefit 91

Cost-Benefit Visualization Modeling Machine Learning 91

IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption.

Cost-Benefit 60

Cost-Benefit Risk Management Risk Digital Transformation 60

Smart Data Collective

SEPTEMBER 13, 2022

In today’s more competitive, technology-driven corporate environment, all firms seeking to increase activity and productivity are reaping the benefits of the software world. SaaS makes sense for business managers who want the newest capabilities at a cheaper cost and without worrying about future business demands.

Cost-Benefit 104

Cost-Benefit Data Processing Software Data-driven 104

Alation

JULY 15, 2022

In the Cambridge Analytica case, the company went from a data strategy focused on monetisation by increased revenue to company closure due to the reputational damage from the negative media and public response. Organisations who do assess can gain additional benefits from the work that’s already done. What’s your data strategy?

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

IBM Big Data Hub

JANUARY 29, 2024

Business continuity and disaster recovery plans are risk management strategies that businesses rely on to prepare for unexpected incidents. Lower financial risk: According to IBM’s recent Cost of Data Breach Report, the average cost of a data breach was USD 4.45 million in 2023—a 15% increase since 2020.

Cost-Benefit 94

Cost-Benefit Risk Enterprise Advertising 94

CIO Business Intelligence

OCTOBER 5, 2023

As chief digital and technology officer at CBRE, Davé recognized early that the commercial real estate industry was ripe for AI and machine learning enhancements, and he and his team have tested countless use cases across the enterprise ever since. This is partly why partnerships have been integral to CBRE’s strategy.

Experimentation 122

Experimentation Strategy Machine Learning Interactive 122

CIO Business Intelligence

MAY 3, 2022

For many, it has also led to intermingled, complex strategies that threaten to take away some of the luster of the cloud. The multiple/hybrid cloud strategy can result in complexities and challenges that many IT and business leaders didn’t see coming. Controlling costs.

Management 143

Management Scorecard Cost-Benefit Risk 143

erwin

SEPTEMBER 12, 2019

In short, an internal business process is a documented account of how things should be done to maximize efficiency and achieve a particular goal. Therefore, it’s critical for organizations to map their internal business processes to understand how a given action relates to the organizations’ overall strategy and goals.

Modeling 101

Modeling Cost-Benefit Data-driven Data Governance 101

datapine

JANUARY 24, 2021

It is not just important to gather all the existing information, but to consider the preparation of data and utilize it in the proper way, has become an indispensable value in developing a successful business strategy. For example, you need to develop a sales strategy and increase revenue. Today, big data is about business disruption.

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

AUGUST 22, 2023

As such, organizations must evolve their digital strategies with market changes, such as the shift to remote work in 2020, the evolution to hyperautomation in 2022, and how generative AI will now require CIOs to overhaul their roadmaps. “You Product leaders must define a vision statement , research end-user needs, and propose roadmaps.

Digital Transformation 96

Digital Transformation Data-driven Cost-Benefit Strategy 96

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. ChatGPT caused quite a stir after it launched in late 2022, with people clamoring to put the new tech to the test. Which business cases actually need AI? It’s an interesting dilemma CIOs have.

IT 124

IT Risk Cost-Benefit Enterprise 124

CIO Business Intelligence

FEBRUARY 13, 2023

Larger is Better involves a “lower specification limit,” such as test scores — where the target is 100%. Analyze the process to establish root cause of variations and defects to identify issues with the current strategy that stand in the way of the end goal.

Management 76

Management Statistics Manufacturing Measurement 76

CIO Business Intelligence

DECEMBER 11, 2023

Companies need both a practical plan and a transparent communications strategy in their response.” Still, Richard expects a “natural evolution” in which, down the road, LIUNA may want to use AI to derive insights into its members to help the union deliver better benefits to them.

Modeling 129

Modeling Risk Strategy Software 129

CIO Business Intelligence

AUGUST 17, 2023

Generative AI is a key part of our business strategy, facilitating growth with AI-enabled processes already live in production,” he says. We’re testing ChatGPT at an individual level,” he says. It’s made my life easier because it allows me to write documents and make them richer, but if you rely on this beast it can bite you.

Risk 92

Risk Cost-Benefit Strategy Experimentation 92

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

IBM Big Data Hub

JULY 19, 2023

The industry is under tremendous pressure to accelerate drug development at an optimal cost, automate time- and labor-intensive tasks like document or report creation to preserve employee morale, and accelerate delivery. Code creation: Code co-pilot, code conversion, create technical documentation, test cases and more.

Consulting 64

Consulting Machine Learning Manufacturing Optimization 64

IBM Big Data Hub

MAY 26, 2023

Leading life sciences companies are discovering the power of cloud in enabling analytics and artificial intelligence (AI) , shrinking innovation cycles, and standardizing processes across global operations, among other benefits. Of these breaches, 45% were cloud-based, costing USD 10.10M on an average, per breach.

Consulting 79

Consulting Cost-Benefit Optimization Machine Learning 79

FineReport

MAY 18, 2024

Benefits of Data Visualization Enhanced Decision-Making : By presenting data visually, individuals can quickly grasp insights and make informed decisions. Education benefits from data visualization by enhancing learning experiences through interactive visual aids.

Visualization 52

Visualization Interactive Cost-Benefit Dashboards 52

CIO Business Intelligence

MAY 17, 2022

The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy. Last month, a leaked Facebook document obtained by Motherboard showed that Facebook has no idea what’s happening with its users’ data. “We Public relations disasters.

Risk 142

Risk Consulting Machine Learning Data Science 142

O'Reilly on Data

OCTOBER 22, 2020

The safest course of action is also the slowest and most expensive: obtain your training data as part of a collection strategy that includes efforts to obtain the correct representative sample under an explicit license for use as training data. What’s the cost of doing nothing? The backstory: A consultant is an agent of change.

Consulting 296

Consulting Risk Cost-Benefit Modeling 296

CIO Business Intelligence

FEBRUARY 20, 2023

Benefits of Salesforce certifications Salesforce jobs range from the technical (architects, developers, implementation experts) to those related to marketing and sales. According to a study by Indeed.com , 70% of Salesforce developers in the US are satisfied with their salaries given the cost of living in their area.

Consulting 61

Consulting B2B Cost-Benefit Sales 61

Smart Data Collective

APRIL 13, 2021

The AI assistant does the heavy lifting for your marketing team by: Using the chatbot to acquire more leads Following up with your leads through automated emails Putting your qualifying and meeting scheduling tasks and workflows on autopilot Optimizing your lead engagement via insights and robust testing tools. Overall, Exceed.ai

Marketing 130

Marketing Sales Cost-Benefit Optimization 130

O'Reilly on Data

JULY 28, 2020

Product Managers are responsible for the successful development, testing, release, and adoption of a product, and for leading the team that implements those milestones. Some of the best lessons are captured in Ron Kohavi, Diane Tang, and Ya Xu’s book: Trustworthy Online Controlled Experiments : A Practical Guide to A/B Testing.

Marketing 362

Marketing Experimentation Metrics Testing 362