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. How do you convince decision-makers to collaborate on linking IT strategy with business strategy?

Modeling 105

Modeling Cost-Benefit ROI Digital Transformation 105

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. From our perspective, the debate over architecture is over.

Cost-Benefit 91

Cost-Benefit ROI Modeling Testing 91

CIO Business Intelligence

MAY 9, 2024

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. For companies with a central strategy function, the CAIO will be a key partner in driving success.”

Risk Management 128

Risk Management Risk Cost-Benefit Technology 128

datapine

SEPTEMBER 29, 2022

There are a lot of strategies that you can use to improve the quality of your information. 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. 1 – The people.

Data Quality 241

Data Quality Metrics Data-driven Management 241

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 124

ROI Cost-Benefit KPI Uncertainty 124

CIO Business Intelligence

JANUARY 10, 2024

Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. FinOps is part of the equation, but from a CIO perspective, you need a top-down view that starts with the strategy before you talk about the components of it,” McMasters says.

Cost-Benefit 122

Cost-Benefit Measurement Optimization Metrics 122

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. However, many other small businesses find ways to use data to boost their marketing strategies as well. Landscaping companies are a prime example.

Data-driven 100

Data-driven Marketing Advertising Big Data 100

DataRobot

NOVEMBER 24, 2021

Reduce its operational costs? Whatever its requirements, applying data-driven AI strategies can help. 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. How AI Benefits Business Leaders.

Cost-Benefit 98

Cost-Benefit ROI Data-driven Predictive Modeling 98

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

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 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

FEBRUARY 22, 2024

With the aim to accelerate innovation and transform its digital infrastructures and services, Ferrovial created its Digital Hub to serve as a meeting point where research and experimentation with digital strategies could, for example, provide new sources of income and improve company operations.

IT 104

IT Digital Transformation IoT Cost-Benefit 104

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 115

Digital Transformation Experimentation Cost-Benefit Machine Learning 115

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

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). In this article, I’ll explore common cloud optimization and FinOps challenges and strategies for overcoming them.

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

CIO Business Intelligence

FEBRUARY 7, 2024

Carter Busse, CIO of no-code enabled automation platform company Workato, adds that APIs are now important connective tissue to integrate and interact with large language models (LLMs) within business processes. “If However, much excitement is centered around the prospect of AI and how it’ll catalyze more API adoption.

Business Objectives 124

Business Objectives Cost-Benefit Strategy Data-driven 124

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 79

Analytics Cost-Benefit ROI Business Objectives 79

CIO Business Intelligence

SEPTEMBER 11, 2023

In tandem with his job as chief digital officer and senior vice president of strategy at Hussman, Seals got a Ph.D. Digital-first and data/AI are the two key pillars of TIAA’s business strategy and a core part of its broad tech transformation. He initiated the creation of a comprehensive operating model. At his company, anyway.

Digital Transformation 135

Digital Transformation ROI Strategy Technology 135

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

CIO Business Intelligence

MAY 2, 2023

GenAI technologies offer significant potential benefits for retail organizations, including speedy price adjustments, customized behavior-based incentives, and personalized recommendations in response to searches and customer preferences. How can Generative AI speed innovation in retail? Caton : CarMax reviews millions of vehicles.

Cost-Benefit 96

Cost-Benefit Sales Visualization ROI 96

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. Most experts categorize it as a powerful, but narrow AI model. A key trend is the adoption of multiple models in production.

Cost-Benefit 97

Cost-Benefit Modeling Manufacturing Interactive 97

CIO Business Intelligence

JANUARY 2, 2024

What benefit does AI serve to that department? Bring the whole organization on the AI journey CIOs also see the need to bring everyone along on that AI journey, something that takes a well-articulated narrative about the benefits AI can bring to those who are and will be impacted by the technology. Statistics can be very misleading.

IT 144

IT Cost-Benefit Statistics Consulting 144

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. Towards Data Science published an article titled How Renaissance beat the markets with Machine Learning , which emphasized the major benefits of AI in their trading. Reduced cost. Advantages.

Technology 96

Technology Cost-Benefit ROI Strategy 96

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

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 98

Digital Transformation Cost-Benefit Informatics Data mining 98

IBM Big Data Hub

AUGUST 8, 2023

It’s about providing joint solutions companies seek to improve costs, productivity and resilience by accelerating their hybrid cloud and AI journeys. times higher ROI versus public cloud alone. And trailblazers investing in AI are seeing a revenue uplift of 3 to 15 percent and a sales ROI uplift of 10 to 20 percent.

Enterprise 84

Enterprise Consulting ROI Cost-Benefit 84

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. Once you know why digital transformation is necessary for business growth, a successful digital marketing team can help a business evolve with the right strategy.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

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 88

Cost-Benefit Measurement Management Predictive Analytics 88

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. Here are some of the issues and questions being raised: Growth : How do we define growth strategies (e.g., managing risk vs ROI and emerging countries)? big data, analytics and insights)?

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

Smart Data Collective

NOVEMBER 2, 2022

A growing number of organizations are leveraging big data to get higher ROIs from their organic and paid marketing campaigns. The industry has access to massive amounts of data, so it should leverage them to make the most of their customer outreach and support strategies. website design or content strategy). More traffic?

Marketing 137

Marketing Big Data Data-driven Sales 137

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.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

CIO Business Intelligence

JANUARY 16, 2024

In the rush to establish technical strategies for making good on the promise of generative AI, many CIOs find themselves running headlong into what may be their most challenging task yet: preparing their organization’s end-users — from knowledge workers and assembly line laborers to doctors, accountants, and lawyers — to co-exist with generative AI.

Cost-Benefit 124

Cost-Benefit Enterprise Unstructured Data Technology 124

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

Smart Data Collective

JANUARY 27, 2022

More businesses than ever are transitioning to data-driven business models. Research has shown that companies with big data strategies are 19 times more likely to become profitable. Unfortunately, some businesses have made poor decisions when instituting a data strategy. In the world of IT, change is constant.

Optimization 106

Optimization IT Big Data Cost-Benefit 106

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. From front office to back office, the CIO needs to operationalize strategy and be a change agent , driving new skills and talent into the business.

Cost-Benefit 119

Cost-Benefit Digital Transformation Strategy Consulting 119

Smart Data Collective

SEPTEMBER 1, 2021

As we have stated before, big data is becoming vital to modern marketing strategies. We have mentioned that it has been instrumental in virtually all digital marketing strategies in recent years, such as PPC advertising. One of the most remarkable benefits of big data technology has been with using digital signage to promote branding.

Data-driven 110

Data-driven Advertising Big Data Cost-Benefit 110

datapine

JANUARY 24, 2021

It is not just important to gather all the existing information, but to consider the preparation of data and utilize it in the proper way, has become an indispensable value in developing a successful business strategy. For example, you need to develop a sales strategy and increase revenue. Today, big data is about business disruption.

IT 317

IT Statistics KPI Data-driven 317