CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. CFOs have grown comfortable with the traditional project-based approach, through which they believe they get a better handle on spend certainty and a better sense of ROI.

Modeling 113

Modeling Cost-Benefit IT ROI 113

Smarten

FEBRUARY 20, 2024

Consider the Benefits of Low Code No Code for Augmented Analytics! Low code/no code (LCNC) application development is regarded as an innovative step in the future of software development. Simply put, Low Code software development allows development of enterprise applications with a minimal need for coding.

Cost-Benefit 67

Cost-Benefit ROI Business Intelligence Software 67

datapine

SEPTEMBER 29, 2022

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. Industry-wide, the positive ROI on quality data is well understood. The 5 Pillars of Data Quality Management. 1 – The people.

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

APRIL 19, 2024

Companies buying the marketing hype about the benefits of AI need to look for proofs of concept, added Mark McDonald, a distinguished vice president analyst at Gartner. It takes more than just installing software to make gen AI work,” McDonald said. Everybody is still pretty much at the starting line from an enterprise perspective.”

IT 122

IT Software Cost-Benefit ROI 122

CIO Business Intelligence

JUNE 9, 2023

Without it, businesses incur steep costs, but the downside, or costs, are often unclear because calculating data management’s return on investment (ROI), or upside, is a murky exercise. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

Strategy 104

Strategy Management Key Performance Indicator ROI 104

Jet Global

JUNE 30, 2020

They get a leg up on the competition, launch new innovations, and benefit as the economy moves back in a positive direction. CFOs have an opportunity to play a key role in positioning their companies for a successful rebound by carefully assessing return on investment (ROI) and helping the C-suite make the right capital investments.

ROI 59

ROI Finance Uncertainty Cost-Benefit 59

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

CIO Business Intelligence

OCTOBER 12, 2023

In the business world, service desks are commonly designated as cost centers, a label that can sometimes limit their access to essential resources and support. Realizing ROI and value Identifying the challenges and subsequent quantification of solutions can be a powerful tactic for justifying future projects.

Strategy 95

Strategy ROI IT Cost-Benefit 95

datapine

APRIL 13, 2021

Starting with its definition, following with the benefits of agency reports, a list of tools, and a set of agency dashboard examples. Your Chance: Want to test a powerful agency analytics software? Explore our 14 days free trial & benefit from interactive agency reports! Benefits Of A Modern Agency Report.

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. Patent indemnification protects software users against patent infringement claims.

ROI 52

ROI Cost-Benefit Testing Risk 52

CIO Business Intelligence

JANUARY 25, 2023

Cloud services, software-as-a-service (SaaS) applications, and on-premises infrastructures connected by wired and wireless networks now represent the backbone of modern enterprises. To fully harness the benefits of modern network architectures, network operations teams need a deep understanding of how these systems perform.

IT 81

IT Cost-Benefit ROI Software 81

datapine

OCTOBER 11, 2023

Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success. Now, let’s look at some benefits to keep putting the power of warehouse key performance indicators into perspective. But how do you know which indicators to track?

Metrics 217

Metrics KPI Management Cost-Benefit 217

CIO Business Intelligence

FEBRUARY 28, 2024

However, a transformative technology known as Software-Defined Wide Area Network (SD-WAN) is making significant waves in India and globally. Flexibility, Scalability, and Implementation Challenges The flexibility and scalability of SD-WAN are underscored as crucial benefits for organizations embarking on digital transformation journeys.

Cost-Benefit 94

Cost-Benefit Digital Transformation ROI Strategy 94

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 133

IT Cost-Benefit Digital Transformation ROI 133

CIO Business Intelligence

APRIL 1, 2024

That’s not hyperbole: TEKsystems’ 2024 State of Digital Transformation report found that 53% of organizations classified as digital leaders are confident that their digital investments will meet expected ROIs. Adopt a buy, not build, mindset IT has come a long way since those early years when it built all its own software in-house.

Strategy 139

Strategy IT Digital Transformation ROI 139

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

IBM Big Data Hub

DECEMBER 14, 2023

For example, looking at the IBM Sustainability Software portfolio , you’ll notice that many of these solutions will deliver ROI to your business while also having positive environmental impact. There’s the double benefit of cost-efficiency and sustainability. This doesn’t just relate to big business.

Cost-Benefit 71

Cost-Benefit Advertising ROI Business Objectives 71

Octopai

OCTOBER 5, 2021

Your CFO finally gave the okay to purchase data catalog software. How will you choose the best data catalog software for your company? Does it support automatic harvesting from your other data/BI software? Does the catalog software match your multi-vendor, hybrid BI environment? This is a major investment.

Business Intelligence 84

Business Intelligence Software Cost-Benefit Metadata 84

Smarten

AUGUST 28, 2023

If your business is looking for a competitive edge, and improved user adoption to increase Return on Investment (ROI) and decrease Total Cost of Ownership (TCO), embedded BI and analytics can go a long way toward achieving your goals. In this article, we look at some of the ways embedded BI can assist your business and your team.

ROI 52

ROI Cost-Benefit Business Intelligence Forecasting 52

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

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.

Management 92

Management Analytics Cost-Benefit Analytics Technologies 92

Smarten

DECEMBER 27, 2023

If you are considering business intelligence and self-serve analytics for your organization, it is important to a) focus on the numerous benefits of this approach to data management and decision-making and b) to research and select the right type of business intelligence tools to achieve your goals.

Analytics 62

Analytics Business Intelligence Cost-Benefit ROI 62

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 124

Experimentation Cost-Benefit Data Lake Data Science 124

Smart Data Collective

MAY 17, 2023

The rapid proliferation of ChatGPT has gained a lot of attention over the last few months, but it is not the only form of AI software impacting business. Businesses are also using AI-driven ERP software. This software is a gamechanger for large businesses trying to bolster efficiency.

Enterprise 93

Enterprise Cost-Benefit Software Data-driven 93

datapine

MAY 21, 2019

Armed with BI-based prowess, these organizations are a testament to the benefits of using online data analysis to enhance your organization’s processes and strategies. These past BI issues may discourage them to adopt enterprise-wide BI software. 1) Too expensive and hard to justify the ROI of BI.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards Slice and Dice 183

Smart Data Collective

NOVEMBER 5, 2023

The digital marketing sector is among those most influenced by the benefits of analytics technology. Making sense of such huge data requires data analytics software and techniques to gain useful insights into customer requirements and preferences when it comes to buying trends. The benefits are massive.

Marketing 104

Marketing Analytics ROI Data-driven 104

CIO Business Intelligence

SEPTEMBER 28, 2023

From establishing internal customers to instituting charge-backs to insisting on ROI, a lot of this advice looks plausible when viewed from 50,000 feet or more. Insist on ROI Sure, it’s lovely when a proposed project generates a positive financial return on investment all by itself. You have two alternatives. There’s also no point.

IT 119

IT ROI Cost-Benefit Software 119

datapine

APRIL 12, 2023

In November, while running an advertising campaign that cost $1,500, the retailer sells $20,000 worth of ethical sweaters online. As you’ve learned by now, when done correctly, incremental sales analysis can bring multiple benefits to your company. Explore our sales analytics software for a 14-days free trial today!

Sales 176

Sales KPI Metrics Cost-Benefit 176

Smart Data Collective

JUNE 2, 2022

Companies can invest in specialized cloud software that provides essential data that helps give them real-time access to suppliers, electronic invoices, and other information. The use of such software facilitates many important processes and helps companies make easy comparisons between supplier prices and terms and conditions.

Technology 119

Technology ROI Cost-Benefit Forecasting 119

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. It can improve IT automation by building and executing runbooks and helping users transition to new knowledge bases and software. The first cost factor is the pricing or licensing method.

Cost-Benefit 88

Cost-Benefit ROI Modeling Testing 88

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 108

Cost-Benefit Measurement Optimization Metrics 108

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 134

Data-driven Data Quality Optimization Insurance 134

CIO Business Intelligence

AUGUST 4, 2022

Many companies that begin their AI projects in the cloud often reach a point when cost and time variables become issues. But as models and datasets grow, there’s a stifling effect associated with the escalating compute cost and time. That’s typically due to the exponential growth in dataset size and complexity of AI models. “In

Modeling 77

Modeling Cost-Benefit ROI Data Lake 77

CIO Business Intelligence

MARCH 13, 2024

So based on early results, the three functional areas where companies see the biggest productivity improvements are in customer service, software development, and general creative and knowledge work. But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement.

IT 121

IT Consulting Testing Cost-Benefit 121

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 79

Enterprise Consulting ROI Cost-Benefit 79

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 123

Software Enterprise Cost-Benefit ROI 123

Smarten

OCTOBER 19, 2023

So, it would seem crucial for every business to invest in a solid, feature-rich accounting and finance software solution. But there is something else that is also true of small and medium-sized businesses, and that is that they are always watching their expenses.

Analytics 52

Analytics Cost-Benefit Finance Data mining 52