CIO Business Intelligence

MAY 30, 2024

Despite these concerns, CIOs are bullish on the value of AI, though only half say the most important gains will include cost reductions. Instead, productivity gains (83%) are far and away the top expected benefit, followed by increased competitiveness (77%). Today’s CIOs are working in a tornado of innovation.

ROI 111

ROI Digital Transformation Cost-Benefit Measurement 111

Alation

FEBRUARY 13, 2020

In The Forrester Wave: Machine Learning Data Catalogs, 36% to 38% of global data and analytics decision makers reported that their structured, semi-structured, and unstructured data each totaled 1,000 TB or more in 2017, up from only 10% to 14% in 2016. The research examined the potential ROI enterprises realize by deploying Alation.

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

CIO Business Intelligence

APRIL 19, 2024

According to a Gartner survey conducted in late 2023, 42% of CIOs planned to deploy generative AI tools by the third quarter of this year, with 55% planning to roll out some other type of AI or machine learning in the same timeframe. But those timelines — and investments — are “highly aspirational,” Loveland said. What does AI give me?

IT 132

IT Software Cost-Benefit ROI 132

CIO Business Intelligence

MARCH 23, 2023

So how can you request a new investment from your decision-makers while ensuring minimal costs and maximum ROI this year? Procurement professionals are skilled at negotiating contracts, identifying cost-saving opportunities, and evaluating vendors.

Scorecard 59

Scorecard Cost-Benefit ROI IT 59

Corinium

JUNE 6, 2019

For instance, for a variety of reasons, in the short term, CDAOS are challenged with quantifying the benefits of analytics’ investments. There is usually a steep learning curve in terms of “doing AI right”, which is invaluable. What do you recommend to organizations to harness this but also show a solid ROI? It is fast and slow.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

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

Cloudera

OCTOBER 30, 2023

The public cloud is increasingly becoming the preferred platform to host data analytics – related projects, such as business intelligence, machine learning (ML), and AI applications. The main challenges are pointed out as a lack of resources/expertise, security, and from a different perspective, cloud cost management.

Analytics 79

Analytics Cost-Benefit ROI Business Objectives 79

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 138

Risk Management Risk Cost-Benefit Technology 138

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

Smart Data Collective

SEPTEMBER 29, 2022

There are a number of benefits of using it to your company’s advantage. OCR and Other Data Extraction Tools Have Promising ROIs for Brands. A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations.

Data-driven 135

Data-driven Data Quality Optimization Insurance 135

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 107

Strategy Data Strategy ROI Cost-Benefit 107

IBM Big Data Hub

AUGUST 8, 2023

However, while Kubernetes offers an array of benefits in terms of application management and development efficiency, its implementation is not without challenges. As more businesses migrate to Kubernetes-driven environments, an unintended consequence has become increasingly apparent: a surge in cloud costs.

Optimization 50

Optimization Cost-Benefit Machine Learning ROI 50

Smart Data Collective

MARCH 25, 2021

According to data from the US Department of Energy, the savings generated by the application of this model reach up to 30% in maintenance costs, with a reduction of approximately 75% in downtime and up to 45% in downtime. Thus, the return on investment (ROI) can be up to 10 times the amount applied. Understand what should be monitored.

Machine Learning 104

Machine Learning Predictive Analytics Cost-Benefit ROI 104

CIO Business Intelligence

FEBRUARY 22, 2024

Getting AI off the ground After several years of innovating in AI, Ferrovial can cite many examples of projects and services benefitting from it. “If So projects to analyze huge amounts of data in multiple formats already in production are now considerably more efficient and cost effective.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

Smart Data Collective

MARCH 23, 2023

AI technology offers a number of major benefits of small businesses and freelancers. However, one of the other benefits of AI is that it can help with your taxes! Advanced AI algorithms can reduce costs, save time, and improve ROI. You can also deduct the cost of your AI-driven tax preparation software.

Cost-Benefit 79

Cost-Benefit Insurance Advertising Consulting 79

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

Smart Data Collective

APRIL 21, 2022

We have pointed out in the past that big data offers a number of benefits for online commerce. One of the most important benefits of data analytics pertains to optimizing websites for a good user experience. One study found that the ROI of UX strategies is 9,900%. Leverage Machine Learning Technology.

Data Analytics 116

Data Analytics Analytics Big Data Machine Learning 116

Timo Elliott

MARCH 6, 2023

He explains how businesses can leverage AI and machine learning to turn anything into a sensor, detect patterns in new ways, and augment human intelligence. He also mentions ASR Group using machine learning to optimize routes for sugar delivery to their 600 customers, reducing logistics costs.

Machine Learning 111

Machine Learning Cost-Benefit Uncertainty ROI 111

datapine

APRIL 21, 2022

Digital transformation of your business is possible when you can use emerging automation, Machine Learning (ML), and Artificial Intelligence (AI) technologies in your marketing. When you have set KPIs and got the right digital marketing tools at your disposal, your business will benefit from the following: 3.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

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. Speak their language: Frame your arguments in terms of business outcomes and financial benefits.

Modeling 105

Modeling Cost-Benefit ROI Digital Transformation 105

CIO Business Intelligence

MARCH 30, 2022

Emerging technologies such as artificial intelligence (AI), machine learning (ML), augmented reality (AR), the Internet of Things (IoT) and quantum computing can help organizations scale on demand, improve resiliency, minimize infrastructure investments and deploy solutions rapidly and securely. Enrich to Empower.

Technology 98

Technology Internet of Things ROI IoT 98

datapine

JANUARY 6, 2022

Before any serious data analysis can begin, the scale of measurement must be decided for the data as this will have a long-term impact on data interpretation ROI. Now that we have seen how to interpret data, let’s move on and ask ourselves some questions: what are some data interpretation benefits? minimal growth).

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Smart Data Collective

APRIL 3, 2022

As AI technology has improved, algorithmic trading has become more effective and given traders the opportunity to realize higher ROIs. You can also use machine learning technology to adjust your rules to better align with your investing goals. This figure appears to have improved as AI helped boost their ROI. Advantages.

Technology 94

Technology Cost-Benefit ROI Strategy 94

erwin

AUGUST 13, 2020

Today, enterprises are trying to grow and innovate – while cutting costs and managing compliance – in the midst of a global pandemic. managing risk vs ROI and emerging countries)? Cost Reduction : What can we do to reduce costs while not impacting the business (e.g., M&A, new markets, products and businesses).

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

Smart Data Collective

JUNE 8, 2021

A growing body of research shows that the benefits of using AI can be remarkable. There are also a lot of content generation and split testing tools that have their own machine learning algorithms built into the framework. PPC marketing , in particular, can benefit a lot from AI. How are these results achieved?

Marketing 119

Marketing Advertising Cost-Benefit Data mining 119

IBM Big Data Hub

FEBRUARY 14, 2024

Using machine learning (ML), AI can understand what customers are saying as well as their tone—and can direct them to customer service agents when needed. Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps).

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

Alation

NOVEMBER 4, 2022

Perhaps you want to boost your ROI or CAGR, or reduce the time your analysts spend accessing and leveraging data. In this blog we’ll describe digital transformation: how it can be achieved as well as how it can benefit your business. Employee benefits: By empowering people to work from home. But first you need to define them.

Digital Transformation 52

Digital Transformation Cost-Benefit Insurance Machine Learning 52

IBM Big Data Hub

JUNE 29, 2023

When a critical asset like an expensive piece of machinery or infrastructure breaks unexpectedly, it affects customers and can cost companies millions. Enterprises are constantly looking for new ways to optimize performance, increase reliability and extend asset lifespans—all without adding unnecessary costs. What is an asset?

Cost-Benefit 80

Cost-Benefit Measurement Management Predictive Analytics 80

Smart Data Collective

JULY 17, 2019

Companies that strive to provide better senior care can use machine learning, robotics and predictive analytics to better meet the needs of their residents without having to worry about a frustrating staffing shortage. The benefits of this are threefold: Artificial intelligence-driven robots reduce the need for human workers.

Cost-Benefit 83

Cost-Benefit Machine Learning Advertising IoT 83

IBM Big Data Hub

JUNE 20, 2023

The following are the six stages of asset lifecycle management: Planning: In the first stage of the asset lifecycle, stakeholders assess the need for the asset, its projected value to the organization and its overall cost. Reduced maintenance costs and downtime: Monitor assets in real time, regardless of complexity.

Strategy 71

Strategy Management Cost-Benefit IoT 71

Cloudera

JANUARY 5, 2021

To enable these business capabilities requires an enterprise data platform to process streaming data at high volume and high scale, to manage and monitor diverse edge applications, and provide data scientists with tools to build, test, refine and deploy predictive machine learning models. .

Forecasting 91

Forecasting Cost-Benefit Sales Unstructured Data 91

IBM Big Data Hub

MARCH 29, 2024

Organizations that succeed at customer retention will benefit by encouraging customer loyalty. For CRMs, they can use AI and machine learning to automate the retrieval and analysis of customer data they’ve collected. Large Brazilian bank Bradesco turned to IBM Watson® to personalize its customer service interactions.

Strategy 59

Strategy Cost-Benefit Key Performance Indicator Marketing 59

IBM Big Data Hub

JUNE 26, 2023

The benefits of AIOps are many. By infusing artificial intelligence (AI) into IT operations , you can leverage the considerable power of natural language processing and machine learning models to automate and streamline operational workflows. The result: reduced costs, less waste and documented ROI for your automation efforts.

Digital Transformation 52

Digital Transformation Cost-Benefit ROI Data-driven 52

IBM Big Data Hub

AUGUST 16, 2023

There are many reasons why organizations have embraced cloud services, including improved efficiencies, cost savings, scalability, flexibility and quicker time-to-market. In addition, companies can run up cloud costs because they provision more resources than necessary for their normal business functions.

Cost-Benefit 64

Cost-Benefit Data Processing Optimization Software 64

CIO Business Intelligence

JANUARY 4, 2023

Moving forward, we will see workflows that are more capable and widely adopted to facilitate edge-core-cloud needs like generating meshes, performing 3D simulations, performing post-simulation data analysis, and feeding data into machine learning models—which support, guide, and in some case replace the need for simulation.

Cost-Benefit 59

Cost-Benefit Machine Learning Modeling Uncertainty 59

CIO Business Intelligence

JANUARY 9, 2023

The need to grow smartly Gil Westrich’s company, ClearML, is benefiting from increased adoption of artificial intelligence and machine learning (ML) technology. Closing our offices made sense to conserve energy costs and give people flexibility to come into the office any day from Tuesday through Thursday,” Phelps says.

IT 145

IT Uncertainty Cost-Benefit Digital Transformation 145

CIO Business Intelligence

APRIL 11, 2022

Major IT trends, including security and privacy protection, cloud computing, machine learning, and remote workforces, as well as complying with an avalanche of regulatory mandates, have elevated the CIO post to a level of importance equal to, or even exceeding, that of fellow C-level executives. Focus on outcomes, not technologies.

Cost-Benefit 119

Cost-Benefit Digital Transformation Strategy Consulting 119