CIO Business Intelligence

JANUARY 24, 2024

The product — a building or bridge — might be physical but it can be represented digitally, through virtual design and construction, she says, with elements of automation that can optimize and streamline entire business processes for how physical products are delivered to clients. So they’ll be patient when it comes to ROI.

Risk Management 110

Risk Management Risk Management Digital Transformation 110

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. Optimize your time.

Data-driven 135

Data-driven Data Quality Optimization Insurance 135

CIO Business Intelligence

NOVEMBER 18, 2022

But when not managed strategically in the long run, cloud spending can quickly escalate and impact margins, cost of goods sold (COGS), and cost of revenue (COR). To optimize cloud investments, C-level executives are increasingly adopting cloud financial operations (FinOps).

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

Smart Data Collective

DECEMBER 15, 2021

But driving sales through the maximization of profit and minimization of cost is impossible without data analytics. Whether marketers intend to reach new customers or persuade the existing ones, here are ways analytics is boosting returns on investment (ROI): 1. Enhanced Supply Management. Increased Customer Growth.

ROI 116

ROI Marketing Data Analytics Analytics 116

Smart Data Collective

AUGUST 3, 2023

Its implementation offers numerous benefits and applications that streamline operations and enhance efficiency. Fleet administration includes vehicle maintenance, fuel tracking, and driver management. Fleet managers increasingly turn to cutting-edge technologies to boost productivity and save costs.

Technology 84

Technology Management Cost-Benefit Manufacturing 84

Smarten

MARCH 6, 2022

Business managers, owners and senior executives really want to do the right thing! A business manager, IT team or executive team knows well how difficult it is to engender change in the organization and, if you are asking a team member to learn a difficult, new software product, it is not likely you will be successful.

Business Intelligence 76

Business Intelligence ROI Analytics Digital Transformation 76

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 54

Optimization Cost-Benefit Machine Learning ROI 54

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. Then there’s housekeeping.

Cost-Benefit 120

Cost-Benefit Measurement Optimization Metrics 120

CIO Business Intelligence

JANUARY 3, 2024

These objections often include, “But we’ve always done it this way” (resistance to change), “It works just fine as is” (accepting the status quo which may be a sub-optimal solution), “Let’s wait until post-build” (pushing things off until later), “Let’s start with the metaverse” (being distracted by shiny objects), and more.

Cost-Benefit 130

Cost-Benefit ROI Manufacturing Optimization 130

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. They buy according to customer value, that is, the difference between the benefits a company gives customers and the price it charges. Value is all about the cost/benefit analysis.

Optimization 52

Optimization Cost-Benefit ROI Data-driven 52

CIO Business Intelligence

FEBRUARY 28, 2024

The traditional method of managing routers at each branch is replaced by a central controller overseeing all routers. SD-WAN emerges as a game-changer in this context, offering intelligent traffic management and enhanced high availability.

Cost-Benefit 97

Cost-Benefit Digital Transformation ROI Strategy 97

IBM Big Data Hub

MARCH 14, 2024

However, while embracing hybrid cloud might be intrinsic, clients continually seek to derive business value and higher return on investment (ROI) from their investments. The lack of ROI progress can be attributed to several factors, including slow adoption, unrealized use cases and unaddressed cloud sprawl.

ROI 76

ROI Business Objectives Cost-Benefit Enterprise 76

IBM Big Data Hub

JUNE 20, 2023

Whether you’re a small enterprise with only a few assets or a large-scale corporation with offices spanning the globe, asset lifecycle management, or ALM, is a fundamental part of your operations. What is asset lifecycle management? Here’s what you need to know in order to build a successful strategy. What is an asset?

Strategy 77

Strategy Management Cost-Benefit IoT 77

Smart Data Collective

MAY 28, 2019

They are able to use analytics and other data insights to bolster customer service, reduce marginal operating costs and scale production. One of the biggest benefits of big data is in the arena of digital marketing. Big Data Drives the ROI of Digital Marketing. Cost-effectiveness. Here are some factors to be aware of.

ROI 87

ROI Big Data Marketing Advertising 87

IBM Big Data Hub

MAY 17, 2024

” Given the statistics—82% of surveyed respondents in a 2023 Statista study cited managing cloud spend as a significant challenge—it’s a legitimate concern. Optimized: Cloud environments are now working efficiently and every new use case follows the same foundation set forth by the organdization.

Modeling 96

Modeling Cost-Benefit Optimization Digital Transformation 96

Smarten

MAY 17, 2024

The organization looks for a solution that is easy enough for its business users and intuitive enough to produce clear results; one that also provides sophisticated functionality and features and will produce a suitable Return on Investment (ROI) and Total Cost of Ownership (TCO). It also optimizes its resources, knowledge and time.

Analytics 52

Analytics Predictive Modeling ROI Cost-Benefit 52

Smarten

DECEMBER 20, 2022

SO…when considering options for business intelligence and augmented analytics, your business must satisfy the needs and expectations of your team, or it risks investing in products and solutions that will reap poor return on investment (ROI), poor total cost of ownership (TCO) and poor user adoption.

ROI 52

ROI Cost-Benefit Data-driven Business Intelligence 52

CIO Business Intelligence

DECEMBER 5, 2023

Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Each dollar of operational cost reduction drips directly to the bottom line.”

IT 138

IT Cost-Benefit ROI Digital Transformation 138

datapine

APRIL 13, 2021

But how do you manage all your new clients while still focusing on giving them a good service and their expected results? Starting with its definition, following with the benefits of agency reports, a list of tools, and a set of agency dashboard examples. Explore our 14 days free trial & benefit from interactive agency reports!

Dashboards 256

Dashboards Reporting Analytics Cost-Benefit 256

CIO Business Intelligence

DECEMBER 4, 2023

Companies typically change Java providers to reduce their total cost of ownership, but they often realize unanticipated benefits including enhanced security readiness, improved performance, and often cloud cost optimization. Application Management Do you provide indemnification in case of patent litigation?

ROI 52

ROI Cost-Benefit Testing Risk 52

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 132

Experimentation Cost-Benefit Data Lake Data Science 132

Smart Data Collective

JANUARY 27, 2022

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. The same principle applies to other types of software as well including HR management systems and accounting tools.

Optimization 104

Optimization IT Big Data Cost-Benefit 104

CIO Business Intelligence

NOVEMBER 15, 2023

The benefits are worth it though: “In this case, ERP can quickly be enhanced with AI, yielding more intelligent insights, an ability for employees to quickly navigate and respond faster, improving their decisions and in turn boosting an organization’s performance,” she writes. Not everyone concedes the benefits of AI and ERP, she says.

Digital Transformation 129

Digital Transformation Cost-Benefit ROI Manufacturing 129

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 122

ROI Cost-Benefit KPI Uncertainty 122

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. Besides the advantages and changes in the technical aspects cloud brings, it imposes a paradigm shift from the traditional way of managing costs and procurement. Why FinOps?

Analytics 75

Analytics Cost-Benefit ROI Business Objectives 75

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 137

Risk Management Risk Cost-Benefit Technology 137

CIO Business Intelligence

AUGUST 4, 2023

Software-as-a-service (SaaS) has witnessed explosive growth over the past few years, as vendors, thought leaders, and CIOs have hailed the enhanced efficiency, lower costs, and reduced time to benefit the model can deliver. Any IT leader has to think about developing advanced digital capabilities that make the organization better off.

Strategy 98

Strategy Cost-Benefit ROI Software 98

CIO Business Intelligence

MAY 1, 2024

Ready to roll It’s shorter to make a list of organizations that haven’t announced their gen AI investments, pilots, and plans, but relatively few are talking about the specifics of any productivity gains or ROI. million annually, principal program manager for Microsoft Copilot AI Noa Ghersin says.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

JUNE 1, 2023

That’s why democratizing HPC via the cloud—known as Cloud for HPC—can provide significant benefits to all of humankind. The ROI of HPC-driven innovations HPC provides value to most organizations, regardless of industry. Beyond its ROI, HPC is revolutionary for scientists and engineers. HPC Product Manager, Dell Technologies. “In

ROI 103

ROI Cost-Benefit Machine Learning Testing 103

CIO Business Intelligence

OCTOBER 30, 2023

And this goes for government organizations as well as private corporations, as adaptability enables improved mission effectiveness, improved citizen service, increased operational efficiency, faster response times, the ability to do more with less, and reduced costs.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

Smarten

MAY 5, 2023

Embedded BI Goes Beyond Technology ROI to Improve Clarity, Agility and Productivity! If your organization hasn’t considered Embedded Business Intelligence (BI), it may be time for you to acknowledge the benefits and begin the process of integrating Embedded BI into your technology and business process strategy.

ROI 67

ROI Cost-Benefit Software Reporting 67

Smart Data Collective

DECEMBER 16, 2019

Most importantly, as the data which enterprises rely on increases, it has become necessary to embrace better techniques for managing all this information. Data management is, therefore, the bedrock of business IT systems as it offers a channel that gives meaning to all the information in a database.

Optimization 54

Optimization Enterprise Internet of Things Cost-Benefit 54

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation.

Cost-Benefit 138

Cost-Benefit Digital Transformation Consulting Strategy 138

DataRobot Blog

AUGUST 18, 2022

Challenges in inventory management, demand forecasting, price optimization, and more can result in missed opportunities and lost revenue. AI in Supply Chain Management. According to McKinsey & Company, organizations that implement AI improve logistics costs by 15%, inventory levels by 35%, and service levels by 65% 2.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

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 90

Cost-Benefit ROI Modeling Testing 90

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? The only hitch is that effective IT management takes work. million in labor costs (contract or permanent) over a three-year period. Top-down or bottom-up?

ROI 88

ROI Cost-Benefit Modeling Data-driven 88

CIO Business Intelligence

JULY 17, 2023

Professional investors factor in certain financial targets and risk tolerance as they pursue maximum ROI. Like investors, they seek optimal outcomes while minimizing risks. This includes migrating to different tools, based on changing requirements such as performance, latency, resiliency, and security, as well as cost efficiency.

Cost-Benefit 84

Cost-Benefit Optimization ROI Strategy 84