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Eyes on Data: An Approach to Measure Data ROI

TDAN

For data managers, the struggle is especially familiar. The difficulty is convincing decision makers to invest in data when measures of data’s value either do not exist or feel too ambiguous to estimate. Justifying any significant business investment is challenging.

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The steep cost of a poor data management strategy

CIO Business Intelligence

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 116
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How data, AI and automation can transform the enterprise

IBM Big Data Hub

Only from this foundation can data leaders foster a data-driven culture, where the entire organization is empowered to take advantage of automation and AI technologies to improve ROI. Building the foundation: data architecture. Collecting, organizing, managing, and storing data is a complex challenge.

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Think Your Company Doesn’t Need a Chief Data Officer? Here Are 7 Reasons Why It Does

Cloudera

As a result, the data strategy may not get the focus it deserves, and may even be treated as an afterthought. If this happens, a company cannot truly become data-driven. CDO ties data strategy to ROI Data-related decisions should be made with ROI in mind.

IT 76
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Belcorp reimagines R&D with AI

CIO Business Intelligence

The initial stage involved establishing the data architecture, which provided the ability to handle the data more effectively and systematically. “We To support this, we provided data-backed evidence and examples that demonstrated the positive impact of utilizing these technologies.”

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National Grid’s energy transformation is fueled by IT

CIO Business Intelligence

Modernizing a utility’s data architecture. We’re very mature in our data architecture and what we want. Not all data will be migrated off premises — just the data that makes sense running in the cloud, she says. “I It’s gone up 30% to 40%,” she says. “I It’s getting close.”.

IT 105
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What Stands Between IT and Business Success? Data Complexity

CIO Business Intelligence

Most organizations (81%) don’t have an enterprise data strategy that enables them to fully capitalize on their data assets, according to Accenture. IT funding might be on the rise, but the ROI for the business from technology investments isn’t as high as it should be. DataStax.

IT 135