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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.

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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 Ready to evolve your analytics strategy or improve your data quality?

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How generative AI impacts your digital transformation priorities

CIO Business Intelligence

As many CIOs prepare their 2024 budgets and digital transformation priorities, developing a strategy that seeks opportunities to evolve business models, targets near-term operational impacts, prioritizes where employees should experiment, and defines AI-related risk-mitigating plans is imperative.

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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.

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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 a collaborator that never tires and always has the bandwidth to help, he adds.

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PODCAST: AI for Digital Enterprise – Part 2 – Driving AI Adoption in the Manufacturing Industry

bridgei2i

What advice would you give these companies when it comes to adopting AI solutions with an ROI lens? [12:57] I’m your host for today, Ronobijay Bhaumik. This is done across financial services and insurance, consumer packaged goods and manufacturing industries. and data strategy. Transcript Transcript.

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12 Cloud Computing Risks & Challenges Businesses Are Facing In These Days

datapine

Instead of installing software on your own servers, SaaS companies enable you to rent software that’s hosted, this is typically the case for a monthly or yearly subscription fee. We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. Lack of resources/expertise.

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