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

CIO Business Intelligence

AUGUST 4, 2022

Many companies that begin their AI projects in the cloud often reach a point when cost and time variables become issues. That’s typically due to the exponential growth in dataset size and complexity of AI models. “In But as models and datasets grow, there’s a stifling effect associated with the escalating compute cost and time. “But

Modeling 93

Modeling Cost-Benefit ROI Data Lake 93

Alation

FEBRUARY 14, 2023

All of these above metrics track how well governed your organization’s data is, but not the benefit of doing so. What are the benefits of reducing duplicate data? In this day and age, regardless of industry, keeping data protected and its uses understood is vital. While this sounds simple, this is where most businesses fall short.

Data Governance 52

Data Governance ROI Metrics Cost-Benefit 52

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 115

Strategy Management Key Performance Indicator ROI 115

CIO Business Intelligence

OCTOBER 16, 2023

Instead, failure today means an IT project doesn’t deliver some or all its expected benefits, according to CIOs, project leaders, researchers, and IT consultants. Instead, failure today means an IT project doesn’t deliver some or all its expected benefits, according to CIOs, project leaders, researchers, and IT consultants.

IT 136

IT Cost-Benefit Management Digital Transformation 136

Jet Global

JUNE 30, 2020

They get a leg up on the competition, launch new innovations, and benefit as the economy moves back in a positive direction. 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.

ROI 59

ROI Uncertainty Finance Cost-Benefit 59

CIO Business Intelligence

MARCH 13, 2024

But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. In February, McKinsey released the results of a survey showing that 84% of telcos using gen AI for customer services were seeing cost savings, and 45% of them reduced costs by 6% or more. for every $1 spent.

IT 128

IT Consulting Testing Cost-Benefit 128

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. No, its ultimate goal is to increase return on investment (ROI) for those business segments that depend upon data.

Data Quality 241

Data Quality Metrics Data-driven Management 241

IBM Big Data Hub

OCTOBER 25, 2023

Hybrid cloud allows them to take advantage of powerful open-source large language models (LLMs), use public data and computing resources to train their own models and securely fine-tune their models while keeping their proprietary insights private. They need to champion modernization as a business initiative, not an IT project.

Cost-Benefit 88

Cost-Benefit ROI Modeling Testing 88

CIO Business Intelligence

JUNE 21, 2023

A common but critical challenge I hear from CIOs, CTOs, and CDOs every day is that they have a difficult time helping the C-suite understand that IT is the very architecture for the future of business, not a cost center. If we just slap the letters “GPT” to our efforts, everything will be right on track, right? And what does better look like?

Modeling 105

Modeling Cost-Benefit Digital Transformation ROI 105

CIO Business Intelligence

MAY 28, 2022

Among the issues that led to an overfull pipeline included department heads pushing for pet projects that may not have strategic benefits for enterprise at large, the classification of too many big projects with iffy ROI as urgent, and what Das calls “big, shiny ideas,” like crypto projects that have not been properly vetted.

IT 137

IT ROI Cost-Benefit Technology 137

CIO Business Intelligence

JANUARY 9, 2023

Three years ago, IT leaders were squarely focused on how to adopt fledgling AI techniques and approaches into their business models in service of digital transformations that included plans for shifting some workloads to the cloud. Recruiting, retainment, and yes, adoption of lead-edge technology, are back on the radar of IT leaders.

IT 145

IT Uncertainty Cost-Benefit Digital Transformation 145

CIO Business Intelligence

MAY 9, 2024

Driving business benefits Companies seeking CAIOs are looking to reap myriad benefits from AI adoption, ranging from improved decision-making, to increased efficiency of business processes, higher-quality services, profitability, talent management, customer experience, and innovation.

Risk Management 129

Risk Management Risk Cost-Benefit Technology 129

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. In our cutthroat digital age, the importance of setting the right data analysis questions can define the overall success of a business.

IT 317

IT Statistics KPI Data-driven 317

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. Of late, concerns about the public “cloud-first” approach have emerged to challenge business value and skewer ROI, TCO and KPIs. Others conducted apples-to-apples comparisons of public cloud versus on-premises costs.

ROI 126

ROI Cost-Benefit KPI Uncertainty 126

CIO Business Intelligence

APRIL 13, 2023

If you look at security from a purely technical perspective, it’s easy to get lost in, `I need to have this shiny object because everyone else has it,’” says David Christensen, VP and CISO at benefits administration software provider PlanSource. “If Christensen further suggests explaining how security can cut costs or increase productivity.

IT 111

IT Cost-Benefit Risk Consulting 111

CIO Business Intelligence

MAY 25, 2022

Among the issues that led to an overfull pipeline included department heads pushing for pet projects that may not have strategic benefits for enterprise at large, the classification of too many big projects with iffy ROI as urgent, and what Das calls “big, shiny ideas,” like crypto projects that have not been properly vetted.

IT 116

IT ROI Cost-Benefit Technology 116

CIO Business Intelligence

MAY 23, 2022

Enterprises moving their artificial intelligence projects into full scale development are discovering escalating costs based on initial infrastructure choices. 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.

Experimentation 136

Experimentation Cost-Benefit Data Lake Data Science 136

CIO Business Intelligence

JANUARY 10, 2024

Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. Plus, you need to balance the FinOps team’s need for autonomy against the CIO’s need for centralized control to gain economies of scale and avoid runaway costs.

Cost-Benefit 124

Cost-Benefit Measurement Optimization Metrics 124

CIO Business Intelligence

SEPTEMBER 14, 2023

In a rapidly evolving business landscape, where innovation and cost efficiency are paramount, the launch of VMware Cross-Cloud managed services at VMware Explore 2023 Las Vegas is a pivotal moment. Flexibility: Organizations can now choose the cloud environments that best suit their specific needs.

Management 86

Management Cost-Benefit Optimization ROI 86

Smart Data Collective

JANUARY 27, 2022

More businesses than ever are transitioning to data-driven business models. They have heard that big data can be useful, so they invest in it without much consideration for their ROI. Not only will this improve productivity, but it can also lead to cost savings down the road. In the world of IT, change is constant.

Optimization 107

Optimization IT Big Data Cost-Benefit 107

CIO Business Intelligence

JUNE 6, 2023

By using a simple equation, the value calculator provides a quantitative estimate of the potential return on investment (ROI) of a particular initiative. However, this model doesn’t look at the whole picture – it’s overly simplistic and not flexible enough for the way we do business these days.

Optimization 52

Optimization Cost-Benefit ROI Data-driven 52

CIO Business Intelligence

MARCH 11, 2024

Solutions that not only span functions, but also have industry-specific features and benefits that provide more value by supporting and enabling users to be productive and more competitive in specific industries. This translates to higher productivity, improved decision-making, and ultimately, higher ROI.

Manufacturing 95

Manufacturing Cost-Benefit Finance Marketing 95

Smart Data Collective

MAY 26, 2022

Environmental data companies are now using fluid dynamics models to fill in these gaps and predict air quality for any point. Measure ROI of air quality sensors. There are many different air quality measurement technologies available, and each has its own benefits and drawbacks. ROI can be measured in different ways.

Technology 129

Technology ROI Cost-Benefit Measurement 129

DataRobot

NOVEMBER 24, 2021

Reduce its operational costs? Increase ROI through Greater Operational Savings. In a survey of field service and IT staff, GE and GE Service Max found that unplanned downtime costs companies about $260K per hour. Keeping that possibility in mind, take a look at potential AI benefits in the field of drug discovery.

Cost-Benefit 98

Cost-Benefit ROI Data-driven Predictive Modeling 98

Cloudera

OCTOBER 30, 2023

The main challenges are pointed out as a lack of resources/expertise, security, and from a different perspective, cloud cost management. The decentralized resource provisioning approach, foundational to cloud solutions and infrastructure, faces a big challenge when it comes to governing the costs of on-demand resource allocation/utilization.

Analytics 80

Analytics Cost-Benefit ROI Business Objectives 80

Cloudera

AUGUST 30, 2022

The reality is that we cannot take multiple years to realize an ROI as the industry is moving too quickly. Renovating it while realizing incremental ROI — customer or operational benefits — is the pragmatic approach to moving forward. In some cases, firms are surprised by cloud storage costs and looking to repatriate data.

Strategy 108

Strategy Data Strategy ROI Cost-Benefit 108

IBM Big Data Hub

NOVEMBER 6, 2023

Enterprises should strategically align pricing models to the needs of SMBs Usage-based pricing models or fixed time-based pricing models — such as monthly subscriptions or one-time payments — allow enterprises to meet the distinct needs of each SMB.

Cost-Benefit 110

Cost-Benefit Enterprise ROI Data Warehouse 110

CIO Business Intelligence

FEBRUARY 16, 2024

For most organizations, a shift to the cloud brings scalability, access to innovative tools, and the possibility of cost savings. When you’re introducing many new applications, the ease of getting them up and running and lowered costs [on the cloud] is tremendously beneficial,” he says. An early partner of Amazon, the Roseburg, N.J.-based

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

IBM Big Data Hub

APRIL 18, 2024

While these large language model (LLM) technologies might seem like it sometimes, it’s important to understand that they are not the thinking machines promised by science fiction. Imagine a self-driving car piloted by an AGI. It might suggest a restaurant based on preferences and current popularity.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

CIO Business Intelligence

JUNE 28, 2023

Belcorp operates under a direct sales model in 14 countries. The second stage focused on building algorithms and models to predict and simulate intricate biological conditions, accelerate discoveries, reduce risks, and optimize the cost-benefit ratio of technological developments using AI solutions.

Digital Transformation 102

Digital Transformation Cost-Benefit Informatics Data mining 102

datapine

APRIL 21, 2022

In other words, it means employing technology to constantly improve the whole company model, including its offerings, customer service, and operations. In other words, it means employing technology to constantly improve the whole company model, including its offerings, customer service, and operations. Approach To Digital Marketing.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

Anmut

MARCH 22, 2023

Data maturity models are a crucial step for any organisation looking to improve their data, informing if your current data practices are helping, or holding back, your business. ? Click the links below to navigate to different sections What are data maturity models? Why do we need data maturity models? It’s like driving a car.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Obtaining more insight into hidden costs (e.g., Transitioning to Business Value .

Cost-Benefit 105

Cost-Benefit Business Objectives ROI Risk 105

DataRobot Blog

AUGUST 18, 2022

According to McKinsey & Company, organizations that implement AI improve logistics costs by 15%, inventory levels by 35%, and service levels by 65% 2. AI can reduce costs and minimize supply chain challenges by driving more informed choices across all aspects of supply chain management. Benefits of AI in Supply Chain.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

CIO Business Intelligence

AUGUST 1, 2023

For a good night’s sleep Today, agribusinesses, including farmers, must deal with domestic and global competition, shrinking resources, rising material and transportation costs, labor shortages, environmental issues and regulations, and more. Technology is the path to benefit the entire ecosystem.” They want information and advice.

Cost-Benefit 97

Cost-Benefit Digital Transformation ROI Marketing 97

Smart Data Collective

JANUARY 11, 2023

Some of the case studies on the benefits of data-driven marketing are quite promising. Most of the discussions on the benefits of big data in marketing focus on technology businesses. You need keep up with the latest trends in big data technology and know how to use technology to improve your business model.

Data-driven 101

Data-driven Marketing Advertising Big Data 101