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Writing Business Cases: 6 Things You Should Know About Identifying Project Benefits

BA Learnings

While some companies identify business benefits with the sole intention of getting business cases approved, more mature companies tend to devote their resources to tracking and measuring these business benefits after the projects have been concluded. This is particularly important to note when developing a cost-benefit analysis.

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Three predictions for AI and automation business adoption

CIO Business Intelligence

But that’s about to change, said Fleming, as executive leadership seeks to understand how AI and automation benefit the bottom line. But by next year, leadership will ask hard questions, such as: ‘How much will it cost to integrate Gen AI into our business?’ and ‘How does it improve our financial performance?’

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The steep cost of a poor data management strategy

CIO Business Intelligence

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 101
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Using Analytics to Maximize Revenue with a SaaS Business Model

Smart Data Collective

Data analytics technology is becoming a more important aspect of business models in all industries. The importance of customer loyalty and customer service has become increasingly well-known and companies have needed to adapt their business models accordingly to gain a competitive edge. SaaS companies are no exception.

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A clear path to value: Overcome challenges on your FinOps journey 

IBM Big Data Hub

To maximize benefits and realize the potential of FinOps, organizations must forge a clear path and avoid common mistakes. It necessitates a revised approach to cost and value management, challenging organizations to move beyond their comfort zones and embrace continuous innovation.

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Process mining helps IT leaders modernize business operations

CIO Business Intelligence

One of our key directives was to audit procurement for all state agencies by the end of the calendar year 2023,” McIntosh says. “To The demand is coming from companies [that] have been told by strategy firms that they must cut costs to preserve margins. ALPI) is also benefiting from process mining.

IT 123
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You Can Have Traditional BI and Augmented Analytics!

Smarten

Each of these approaches has its benefits and, for many, the idea that the business must choose between the two is antithetical to its business acumen and its understanding of what various users and roles need. Traditional and Modern BI Tools and Benefits. The benefits of this type of solution include: Personalized Dashboard.