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 104

Modeling Cost-Benefit ROI Digital Transformation 104

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 110

Cost-Benefit Measurement Optimization Metrics 110

datapine

JUNE 7, 2022

From political issues to sports statistics and the recent report you received on the ROI of your company blog, the internet as well as informational reports are flooded with examples of misleading data visualization. But, by knowing what to look for, you can avoid connecting with metrics that will lead your organization down the wrong path.

Visualization 267

Visualization Metrics Statistics Dashboards 267

datapine

JULY 26, 2022

Enter small business dashboards and metrics. What Are Small Business Metrics? Small business metrics are performance measurements that provide insights into the progress of different activities and company goals. To get you started on the topic, you can take a look at our post on KPIs vs metrics. Let’s look at some KPIs.

Dashboards 151

Dashboards KPI Metrics Sales 151

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

Smart Data Collective

JUNE 16, 2022

Until now, they were proactively involved to maximize IT efficiencies and accelerate cost savings in general. Having cost-effective and high-quality business analytics tools such as Atlassian, MS Visio, Business Process Modeller, Balsamiq, and similar BA tools is essential for org initiative improvement.

Business Analytics 123

Business Analytics Analytics Forecasting Business Analysis 123

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. Also, design thinking should play a large role in analytics in terms of how it will benefit the organization and exactly how people will react to and adopt the resulting insights. It is fast and slow.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

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 86

Cost-Benefit Measurement Management Predictive Analytics 86

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. More often than not, it involves the use of statistical modeling such as standard deviation, mean and median. Variables are exclusive and exhaustive. minimal growth).

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

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. Christensen further suggests explaining how security can cut costs or increase productivity.

IT 111

IT Cost-Benefit Risk Consulting 111

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. But that was for tasks that the AI was good at.

IT 124

IT Consulting Testing Cost-Benefit 124

Smart Data Collective

JUNE 14, 2022

While many industries benefit from the growing use of big data, online businesses are among those most affected. There are many practical benefits of using big data to grow your online business. Check Your Metrics. Data analytics tools can help you monitor these metrics much more easily.

Big Data 106

Big Data Data mining Metrics Sales 106

FineReport

MAY 9, 2023

As a result, you’ll be able to understand key metrics better and lay the groundwork for increasing conversions as a result. Tracking campaign performance Another benefit of marketing reporting is campaign tracking. Then, close with a statement about how the changes will benefit the organization in the upcoming months.

Reporting 52

Reporting Marketing Advertising Metrics 52

CIO Business Intelligence

JANUARY 4, 2023

Here are the shifts we noted: Delivery Models : Moving from an almost strictly on-premises systems approach (with some remote access services), HPC is embracing remote delivery models. Due to the rapid growth in data sizes, there’s an increased need for HPC solutions that can run large training models.

Cost-Benefit 59

Cost-Benefit Machine Learning Modeling Uncertainty 59

CIO Business Intelligence

APRIL 11, 2022

Gone are the days of the CIO being a back-office IT cost manager,” declares Chris Scheefer, vice president of intelligent industry at technology services and consulting firm Capgemini Americas. In this way you are in a much better position to control scope and deliver real benefits faster and in phases.”. Build business value.

Cost-Benefit 116

Cost-Benefit Digital Transformation Strategy Consulting 116

BizAcuity

FEBRUARY 22, 2019

The emergence of new business models, the changing needs of the traditional financial departments of event industry and advancements in technology have all led to the need for financial analytics. It should check out the fundamental ways of revenue tracking/ revenue allocation that can benefit from.

Analytics 75

Analytics Cost-Benefit Finance Sales 75

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 135

IT ROI Cost-Benefit Technology 135

FineReport

MAY 31, 2023

In this article, we will explore the concept of a financial dashboard, highlight its numerous benefits, and provide various kinds of financial dashboard examples for you to employ and explore. Working capital serves as a metric that evaluates a company’s liquidity, operational efficiency, and short-term financial well-being.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

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 115

IT ROI Cost-Benefit Technology 115

Sisense

JULY 8, 2020

This is mostly due to the rise of data warehouses, decrease in cost for data storage, and modern ETL tools that make storing and accessing data more approachable than ever before. Marketing teams want better visibility into their ad performance across different platforms and the ROI on their spend. The ETL process and data warehouses.

Data Warehouse 90

Data Warehouse Data Lake Data-driven Cost-Benefit 90

IBM Big Data Hub

AUGUST 28, 2023

Text mining —also called text data mining—is an advanced discipline within data science that uses natural language processing (NLP) , artificial intelligence (AI) and machine learning models, and data mining techniques to derive pertinent qualitative information from unstructured text data. What is text mining?

Data mining 57

Data mining Machine Learning Deep Learning Marketing 57

CIO Business Intelligence

MAY 1, 2024

Gen AI takes us from single-use models of machine learning (ML) to AI tools that promise to be a platform with uses in many areas, but you still need to validate they’re appropriate for the problems you want solved, and that your users know how to use gen AI effectively.

Cost-Benefit 138

Cost-Benefit Metrics Insurance Measurement 138

Jet Global

JUNE 16, 2020

I don’t subscribe to the notion that automation is always a good thing, and one of the challenges for CFOs is evaluating the ROI for a technology. Along with tracking the amount of cash on hand, what metrics are CFOs obsessing over right now? How have the challenges changed after the outbreak?

Finance 52

Finance Cost-Benefit Metrics Data-driven 52

CIO Business Intelligence

FEBRUARY 1, 2024

When organizations buy a shiny new piece of software, attention is typically focused on the benefits: streamlined business processes, improved productivity, automation, better security, faster time-to-market, digital transformation. It can help uncover hidden costs that could come back to bite you down the road.

Software 125

Software Enterprise Cost-Benefit ROI 125

CIO Business Intelligence

JANUARY 23, 2024

For example, McKinsey suggests five metrics for digital CEOs , including the financial return on digital investments, the percentage of leaders’ incentives linked to digital, and the percentage of the annual tech budget spent on bold digital initiatives. As a result, outcome-based metrics should be your guide.

Measurement 127

Measurement Digital Transformation KPI Metrics 127

datapine

NOVEMBER 13, 2019

It doesn’t matter how innovative your brand is or how groundbreaking your business model might be; if your business is ridden with glaring inefficiencies, your potential for growth is eventually going to get stunted. The price of light is less than the cost of darkness.” – Arthur C. And procurement reporting is no exception to this.

Reporting 158

Reporting KPI Cost-Benefit Metrics 158

DataRobot Blog

SEPTEMBER 28, 2022

The new findings from industry analyst ESG, The Economic Benefits of DataRobot AI Cloud , detail how ESG models predict improved operational efficiencies, reduced risk, and improves business outcomes with the DataRobot platform for artificial intelligence and machine learning. ROI in a timeframe that’s up to 90% to 98% faster.

ROI 52

ROI Strategy Enterprise Cost-Benefit 52

BA Learnings

MARCH 26, 2020

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.

Key Performance Indicator 207

Key Performance Indicator Cost-Benefit ROI Measurement 207

bridgei2i

MAY 19, 2021

They touch upon the role of GICs in driving the digital transformation agenda, the high visibility it brings to all functional areas of an organization, and the part it plays in bridging the gap between growth inefficiencies and cost management. This industry initially was, of course, everybody came to India and played a cost arbitrage game.

Enterprise 75

Enterprise Digital Transformation Marketing Cost-Benefit 75

Jet Global

MAY 15, 2020

A financial Key Performance Indicator (KPI) or metric is a quantifiable measure that a company uses to gauge its financial performance over time. These three statements are data rich and full of financial metrics. The Fundamental Finance KPIs and Metrics – Cash Flow. What is a Financial KPI? Current Ratio. View Guide Now.

Metrics 98

Metrics Finance Reporting KPI 98

datapine

FEBRUARY 4, 2020

Structure your metrics. As with any report you might need to create, structuring and implementing metrics that will tell an interesting and educational data-story is crucial in our digital age. That way you can choose the best possible metrics for your case. Regularly monitor your data. 1) Marketing CMO report.

Reporting 280

Reporting Marketing Advertising Metrics 280

datapine

DECEMBER 11, 2019

SaaS is a software distribution model that offers a lot of agility and cost-effectiveness for companies, which is why it’s such a reliable option for numerous business models and industries. This results in more flexibility and upselling opportunities, and lower customer acquisition costs.

Software 314

Software Cost-Benefit Data Processing Data-driven 314

CIO Business Intelligence

APRIL 22, 2024

As such, Scavuzzo and his team look for technologies that do way more than boost productivity or cut costs. Moreover, Scavuzzo saw an additional business benefit to such an approach, thanks to scale: Using anonymized data, Marcum could analyze and compare client performance and thereby provide better consulting advice to them.

IT 99

IT Data-driven Strategy Consulting 99

Smart Data Collective

JUNE 10, 2021

Salesforce marketing tools also have a feature for reporting on fundamental metrics. They include ROI data analysis, click-through rate, the number of leads and closed deals, the cost per click, and other relevant metrics. For such a model of partnership, lead nurturing is indispensable.

Marketing 138

Marketing Sales Metrics Machine Learning 138

datapine

APRIL 15, 2020

No matter if you need to develop a comprehensive online data analysis process or reduce costs of operations, agile BI development will certainly be high on your list of options to get the most out of your projects. In the traditional model communication between developers and business users is not a priority.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

IBM Big Data Hub

NOVEMBER 22, 2023

Here are some key benefits an enterprise resource planning system can bring when managing all aspects of the business. Improve transparency and insights One of the benefits of ERP is that it offers full access to every business function and process in an organization all in one place.

Cost-Benefit 67

Cost-Benefit Consulting Software Enterprise 67

Occam's Razor

JANUARY 24, 2011

After following a structured process to create a Web Analytics Measurement Model most companies find that they are able to identify the goals for their web business. Surely not using horrible metrics like Page Views, right? One great benefit: I get detailed reports from Amazon that tell me clicks and conversion rates!

Analytics 122

Analytics Finance B2B ROI 122