CIO Business Intelligence

APRIL 29, 2024

However, to truly take advantage of modern Java, apps built for the ecosystem must be constantly maintained to maximize performance and minimize exposure to risks and security vulnerabilities. The reality is that there is no better ROI than being on the latest version of any given software.

Cost-Benefit 122

Cost-Benefit Software ROI Enterprise 122

datapine

SEPTEMBER 29, 2022

Reporting being part of an effective DQM, we will also go through some data quality metrics examples you can use to assess your efforts in the matter. More generally, low-quality data can impact productivity, bottom line, and overall ROI. Industry-wide, the positive ROI on quality data is well understood. 1 – The people.

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

DECEMBER 4, 2023

According to State of Java Survey and Report 2023 , an independently run study of more than 2,000 Java users, Java users have taken notice. Organizations can stay up to date from a security perspective and also minimize the risk of an expensive regression by updating to stabilized Java builds each quarter.

ROI 52

ROI Cost-Benefit Testing Risk 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

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

MARCH 23, 2023

As the world continues to experience economic uncertainty, IT leaders look to tighten budgets, consolidate tools and resources, and generally become more risk-averse when evaluating new investments. So how can you request a new investment from your decision-makers while ensuring minimal costs and maximum ROI this year?

Scorecard 59

Scorecard Cost-Benefit ROI IT 59

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 126

ROI Cost-Benefit KPI Uncertainty 126

IBM Big Data Hub

NOVEMBER 7, 2023

For business leaders exploring ways to apply generative AI within their companies, it can be difficult to discern where to start, what will scale easily and what will deliver the greatest ROI. The study found that 8 out of 10 C-suite executives agree that the benefits of generative AI are worth the potential risks.

Digital Transformation 93

Digital Transformation ROI Cost-Benefit Reporting 93

FineReport

MAY 9, 2023

A digital marketing report is essential for any business that wants to generate new customers and sales. A successful marketing strategy includes modern business intelligence software and marketing reports that provide detailed data insights. Marketing, sales, and financial management would be impossible without reports.

Reporting 52

Reporting Marketing Advertising Metrics 52

Smart Data Collective

JANUARY 25, 2023

While a growing number of construction companies are starting to appreciate the importance of analytics technology, some are still unaware of the benefits. Deloitte released a report on trends in the construction industry, which includes the benefits of analytics. In fact, financial analytics is a booming field.

Management 95

Management Analytics Cost-Benefit Analytics Technologies 95

datapine

APRIL 21, 2022

An accounting department may consider leveraging electronic contracts, data collecting, and reporting as a part of the digital transition. Several marketing dashboard tools allow you to generate automated online dashboards and reports to track your most relevant KPIs in one place. Refine Digital Channels.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

CIO Business Intelligence

OCTOBER 6, 2022

As an IT leader, being able to foster innovation not only benefits the IT itself, with greater efficiency, effectiveness and value, but the organization it serves and you personally, as it illustrates your ability to be an internal agent of change, a true business partner, and an asset at the strategy table. It doesn’t work that way.

IT 145

IT Cost-Benefit ROI Software 145

CIO Business Intelligence

AUGUST 23, 2022

According to a IDC 1 , 71 percent of organizations report their long-term planning cycles have shortened due to COVID-19, with 82 percent of the same participants stating that long-term planning cycles have been reduced to two years or less. . Obtaining more insight into hidden costs (e.g., Transitioning to Business Value .

Cost-Benefit 105

Cost-Benefit Business Objectives ROI Risk 105

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. Look for relatively discrete and low-risk opportunities to explore proof-of-concept implementations. The first cost factor is the pricing or licensing method.

Cost-Benefit 90

Cost-Benefit ROI Modeling Testing 90

Alation

JULY 15, 2022

I recently led an online session, Data Monetisation and Governance , looking at the evolution of data governance , defining data ethics (from the Turing Institute ), and touching on the balancing act between using data to monetise (by increasing revenue, decreasing spend, or mitigating risk) and meeting ethical obligations. Data Value.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

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

JUNE 21, 2023

One report estimates that 4,000 positions were eliminated by AI in May alone. At the same time, the tech sector is facing a severe skills shortage, with The Financial Times reporting managers having a harder, not easier, time finding the talent they need despite all the headlines of layoffs.

Modeling 105

Modeling Cost-Benefit Digital Transformation ROI 105

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

datapine

NOVEMBER 5, 2019

All areas of your modern-day business – from supply chain success to improved reporting processes and communications, interdepartmental collaboration, and general organization innovation – can benefit significantly from the use of analytics, structured into a live dashboard that can improve your data management efforts.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

CIO Business Intelligence

OCTOBER 4, 2022

A recent report from LiveRamp outlines the four steps that can bring a company to data maturity. Stephan Zimmerman, a Senior Partner at McKinsey & Company, confirms this sentiment in the LiveRamp report. The four steps to data advantage. 1) Match the tech strategy to the business strategy. 2) Invest in an identity solution.

Cost-Benefit 105

Cost-Benefit Strategy Digital Transformation ROI 105

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

IT 105

IT Cost-Benefit ROI Risk 105

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. A key trend is the adoption of multiple models in production.

Cost-Benefit 96

Cost-Benefit Modeling Manufacturing Interactive 96

Smart Data Collective

JUNE 3, 2021

The most obvious benefit of AI in the life insurance sector pertains to actuarial analysis. Banks and insurance firms are deriving high benefits from AI in customer engagements, yet the initiatives are not scaled,” the report states. One way that it can help is when customers need a lump-sum cash payment.

Insurance 98

Insurance Machine Learning Cost-Benefit Risk 98

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. Phadke : I think if some retailers choose to ignore this technology, they risk falling behind.

Cost-Benefit 98

Cost-Benefit Sales Visualization ROI 98

CIO Business Intelligence

MARCH 13, 2024

According to a research report IDC released in November, based on a survey of over 2,100 business leaders and decision makers with responsibility for AI transformation, 71% of companies already using AI are seeing returns on their AI investments within 14 months, averaging $3.50 for every $1 spent.

IT 128

IT Consulting Testing Cost-Benefit 128

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

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

datapine

JANUARY 24, 2021

An average business user and cross-departmental communication will increase its effectiveness, decreasing time to make actionable decisions and, consequently, provide a cost-effective solution. Or even better: “Which marketing campaign that I did this quarter got the best ROI, and how can I replicate its success?”. Giving the most ROI?

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

FEBRUARY 22, 2023

The recent attacks on NFPs would seem to highlight many of the security risks being posed by the migration to the cloud. Do you feel that the pressure to migrate to the cloud and take advantage of the usability and cost benefits, is exposing you to cyber security risks? Business teams needs to be up to speed and vigilant.

Risk 105

Risk Cost-Benefit ROI Strategy 105

Smart Data Collective

DECEMBER 17, 2021

We talked about the benefits of Zero Trust , but there are other data protection measures that you must take too. Benefits of cloud backup. In addition to the security required by certification, most providers can also provide 7×24 monitoring, management and reporting. What is backup? Reduce recovery time.

Cost-Benefit 106

Cost-Benefit Measurement Big Data ROI 106

DataKitchen

MARCH 16, 2023

All you had to do was to write a few bullet points every week in the text for your report for last your boss. Where is your metrics report? What should be in that report about your data team? There are four main benefits of reducing errors. It is the enabling of deployment with low risk as well.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

IBM Big Data Hub

FEBRUARY 14, 2024

Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). AIOps is one of the fastest ways to boost ROI from digital transformation investments. Here are some of the industries that are benefiting now from the added power of AI.

Cost-Benefit 89

Cost-Benefit Insurance Unstructured Data Machine Learning 89

Smart Data Collective

JANUARY 13, 2021

One of the most important benefits of big data lies with email verification. This helps in a number of ways, including bolstering email security and improving the ROI of email-related business funnels. This is one of the biggest benefits of big data technology. Some of the major benefits of email verification are; 1.

Data-driven 94

Data-driven Big Data Cost-Benefit ROI 94

BA Learnings

AUGUST 7, 2021

In addition to that, the risk assessment will not be carried out properly, and you won’t know what pitfalls lie ahead until you’re already knee-deep in the problem. According to a PMI report, 37% of projects fail because of unset or unclear goals. Digital transformation offers many benefits for your business. If not, you should.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

CIO Business Intelligence

NOVEMBER 7, 2022

Panorama Consulting Solutions, which regularly surveys businesses on the outcomes of their ERP projects, shows in its 2022 report that 81% of projects met ROI expectations a year or more after go-live. While we weren’t naïve to the risk of disruption to the business, the extent and magnitude was greater than we anticipated.”

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

IBM Big Data Hub

JUNE 23, 2023

For F&A leaders, this means that it may have the ability to transform financial data, such as business performance reports, commentary and narratives. Financial reporting narratives (as well as commentary) play a pivotal role in providing meaningful insights and contextual understanding of a company’s financial performance.

Finance 65

Finance Reporting Cost-Benefit Modeling 65

Anmut

APRIL 6, 2023

What are the Benefits of Doing a Data Maturity Assessment? What are the Benefits of Doing a Data Maturity Assessment? Here are some of the benefits of doing a data maturity assessment: 1. Who views reports or outputs from that data? Ready to unlock the benefits of a Data Maturity Assessment? Who analyses that data?

Cost-Benefit 52

Cost-Benefit Data Quality Data Governance Measurement 52