article thumbnail

5 tips for maximizing ROI of IT projects

CIO Business Intelligence

One of the most important parameters for measuring the success of any technology implementation is the return on investment (ROI). Providing a compelling ROI on technology initiatives also puts CIOs in a stronger position for securing support and funds from the business for future projects. Deploy scalable technology.

ROI 130
article thumbnail

NLP Isn’t Enough. Leading Financial Services Companies Are Now Moving to Conversational AI.

CIO Business Intelligence

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. billion, and for insurance, the savings will approach $1.3 But most of these tools fall far short of organization’s goals for the technology.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Enterprise Storage Solution Provider of Choice: The Case Studies

CIO Business Intelligence

Insurance companies also see Infinidat as a storage vendor of choice. One that has spoken out publicly, like Salem Five, is Clientèle Life Insurance, a well-respected insurance company in South Africa. Clientèle Life Insurance reduced risk by choosing Infinidat as its storage solution provider.

article thumbnail

Maximize Tax Deductions as a Business Owner with AI

Smart Data Collective

Advanced AI algorithms can reduce costs, save time, and improve ROI. Health and Business Insurance Deductions If you are reluctant to pay for your family or business insurance plans, consider them as a business expense with applicable limits. Similarly, you can lower the tax bill by deducting the business insurance costs.

article thumbnail

Networking tips for IT leaders: A guide to building connections

CIO Business Intelligence

Choose your groups carefully Generally, Duty attends meetings that are relevant to insurance, leadership, women in technology, or those hosted by consulting groups she wants to get to know better. His counsel: “Pick one, and don’t look for an immediate ROI on your investment of time. He’s also active on LinkedIn.

IT 114
article thumbnail

Getting ready for artificial general intelligence with examples

IBM Big Data Hub

According to Andreessen Horowitz (link resides outside IBM.com ) , in 2023, the average spend on foundation model application programming interfaces (APIs), self-hosting and fine-tuning models across surveyed companies reached USD 7 million. A key trend is the adoption of multiple models in production.

article thumbnail

3 areas where gen AI improves productivity — until its limits are exceeded

CIO Business Intelligence

Today, SAP has dozens of different gen AI tools, hosted in a company-wide platform, that allow employees to create content, graphics, and more. Artificial Intelligence, CIO, Generative AI, IT Leadership, ROI and Metrics, Software Development It’s not about reducing headcount, he adds.

IT 127