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How to calculate TCO for enterprise software

CIO Business Intelligence

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 130
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Key Strategies to Develop AI Software Cost-Effectively

Smart Data Collective

Some companies are interested in taking advantage of the benefits of existing AI tools like ChatGPT. However, others want more control over AI technology, so they are seeking to develop their own AI software. The ROI of creating their own AI applications can be massive, but they still need to use them cost-effectively.

Software 114
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8 strategies for accelerating IT modernization

CIO Business Intelligence

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. Here veteran IT leaders and advisers offer eight strategies to speed up IT modernization.

Strategy 140
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Your Effective Roadmap To Implement A Successful Business Intelligence Strategy

datapine

1) What Is A Business Intelligence Strategy? 2) BI Strategy Benefits. 4) How To Create A Business Intelligence Strategy. In response to this increasing need for data analytics, business intelligence software has flooded the market. Your Chance: Want to build a successful BI strategy today?

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The steep cost of a poor data management strategy

CIO Business Intelligence

Such is the case with a data management strategy. 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. Without it, organizations incur a significant opportunity cost.

Strategy 114
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Proving your worth: Strategies to validate and elevate your IT service department

CIO Business Intelligence

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. Additionally, employ the business case as a tool to tackle potential risks and develop strategies for their mitigation.

Strategy 106
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A 4-pronged strategy to cut SaaS sprawl

CIO Business Intelligence

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. Here are the most important strategies to avoid SaaS bloat.