CIO Business Intelligence

APRIL 18, 2024

AI technology is moving so fast, and the ROI is still murky, making it difficult to commit to one AI assistant, he says. The ROI of AI assistants is also difficult to measure for many jobs, she adds. We’re still a ways away from clearly understanding who might be winners and losers in this space,” he adds. No,” he says.

Cost-Benefit 134

Cost-Benefit ROI Sales Enterprise 134

CIO Business Intelligence

APRIL 4, 2024

In total, it took the CIO’s team and agency a little over two years to convert 160 million documents into a transformed, revamped, and people-centric system, built on the Salesforce CRM, that tells their stories and focuses on people outcomes, not case outcomes.

Digital Transformation 109

Digital Transformation Data Lake ROI Modeling 109

CIO Business Intelligence

MAY 1, 2024

As Empath-IA took shape, Ingesan allocated 5% of the innovation budget to implement it and to explore other opportunities — an investment already with measurable ROI. Artificial Intelligence, CIO, Digital Transformation, Generative AI, Human Resources, IT Leadership, ROI and Metrics

Digital Transformation 92

Digital Transformation ROI Metrics Measurement 92

CIO Business Intelligence

MAY 29, 2024

For example, documentation automation helps businesses manage unstructured documents, such as PDFs or scanned documents, more efficiently. If your data is inaccurate, inconsistent, or incomplete, you won’t get the ROI that you’re seeking from intelligent automation.

Cost-Benefit 59

Cost-Benefit Sales Risk ROI 59

Smart Data Collective

SEPTEMBER 29, 2022

OCR and Other Data Extraction Tools Have Promising ROIs for Brands. One study by Think With Google shows that marketing leaders are 130% as likely to have a documented data strategy. Optical Character Recognition, or OCR, is a technology for reading documents and extracting data. Each data point is linked to its reference.

Data-driven 135

Data-driven Data Quality Optimization Insurance 135

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. Data Quality Management Best Practices.

Data Quality 241

Data Quality Metrics Data-driven Management 241

Rocket-Powered Data Science

FEBRUARY 12, 2021

One can automate a very complicated and time-consuming process, even for a one-time bespoke application – the ROI must be worth it, to justify doing this only once. The average ROI from RPA/IA deployments is 250%. Robotic Process Automation is for “more than once” automation.

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

CIO Business Intelligence

MAY 1, 2024

Ready to roll It’s shorter to make a list of organizations that haven’t announced their gen AI investments, pilots, and plans, but relatively few are talking about the specifics of any productivity gains or ROI. In life sciences, one customer uses the platform for clinical trial documentation, compliance, and data exploration. “It

Cost-Benefit 139

Cost-Benefit Metrics Insurance Measurement 139

Corinium

JULY 19, 2020

The number one question we’re asked at InMoment: “How do I prove the value or return on investment (ROI) of my customer experience program?”. Before launching a CX program, try to document an accurate view of your business’s current state of play. How is your organisation currently performing in terms of call centre efficiencies?

Snapshot 195

Snapshot Measurement ROI Testing 195

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. In contrast, only 27% of those categorized as DX laggards say as much. That’s the black swan for gen AI,” Gupta says.

Strategy 140

Strategy IT ROI Digital Transformation 140

CIO Business Intelligence

MARCH 3, 2024

The Foundry survey found three significant challenges forcing security leaders to redirect their focus: meeting governance and compliance regulations; budgetary constraints/demonstrating RoI and employee awareness and training issues. The administrator can also restrict duplication of documents containing keywords.

IT 100

IT Measurement Risk Testing 100

CIO Business Intelligence

JANUARY 17, 2023

In fact, by switching from a legacy PDF editor to a lower cost alternative, organizations saw a three-year ROI of 284%. For instance, Kazan Law, a California-based law firm specializing in asbestos litigation, previously used Adobe Acrobat for document redaction, an important capability for their business. Digital Transformation.

ROI 52

ROI Digital Transformation Risk Consulting 52

datapine

JULY 14, 2022

Reports affirm that companies can achieve 40% more ROI by personalizing customer experiences. Short sales cycles thus save time and help companies close more deals, thereby resulting in high ROI and gaining a competitive edge. So, implement these practices to leverage the power of data and maximize your ROI and profits.

Sales 171

Sales Strategy Metrics ROI 171

Smart Data Collective

JUNE 2, 2022

E-procurement is all about automated document management. ROI-Driven Concept. E-procurement technology gives you an opportunity to enhance your ROI. Each of them directly helps in saving your money while improving your ROI and profitability. Meticulous Implementation of Procurement Strategy. In Conclusion.

Technology 120

Technology ROI Cost-Benefit Forecasting 120

IBM Big Data Hub

SEPTEMBER 21, 2023

is the first enterprise-grade LLM offering that brings trustworthy, scalable, and transparent AI that can be delivered on timelines and maintained at costs that align with industry leading return on investment (ROI).” . “IBM’s watsonx.ai Integrating watsonx.ai

ROI 108

ROI Software Enterprise Modeling 108

CIO Business Intelligence

OCTOBER 6, 2022

They have clearly defined deadlines, specific cost estimates and deliverables, and calculated and expected ROI. As a result, with R&D type projects, ROI can’t be reliably calculated; deliverables, other than status and budget reports, can’t be predicted; and total cost to implementation can’t be effectively estimated.

IT 145

IT ROI Cost-Benefit Software 145

datapine

APRIL 15, 2020

Working software over comprehensive documentation. The agile BI implementation methodology starts with light documentation: you don’t have to heavily map this out. But before production, you need to develop documentation, test driven design (TDD), and implement these important steps: Actively involve key stakeholders once again.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

CIO Business Intelligence

DECEMBER 7, 2022

Building a business case and defining a clear path to ROI. These team members may belong to other organizations, for example, a System Integrator, which could mean the knowledge of the IT support function is not documented locally. Balancing short-term and long-term needs and cost-benefits analysis/ROI.

ROI 79

ROI Cost-Benefit Modeling Data-driven 79

CIO Business Intelligence

MAY 9, 2022

While strong ROI is compelling, so is the fact that people issues are one of the top enterprise risks. When the cascade of vision, strategic objectives and metrics align, organizations are well-positioned for optimized ROI. Create opportunities to talk about the digital transformation, frequently. What should companies do now?

Technology 77

Technology ROI Metrics Digital Transformation 77

IBM Big Data Hub

DECEMBER 16, 2022

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. Document processing to read your documents, extract data, and refine and store the data for use. Building the foundation: data architecture.

Enterprise 52

Enterprise Data Architecture Data-driven ROI 52

Paul Blogs on BI

JANUARY 7, 2021

Salesforce set out to build a Business Value Marketing tool that would provide their salespeople with an easy way to accurately show the Return On Investment (ROI) to prospects looking to subscribe to their software solutions. They created separate tabs for the value drivers, the IT expenses, the benefits, the proposed solution and the ROI.

ROI 69

ROI Dashboards Business Intelligence Cost-Benefit 69

DataRobot Blog

DECEMBER 15, 2022

By simplifying Time Series Forecasting models and accelerating the AI lifecycle, DataRobot can centralize collaboration across the business—especially data science and IT teams—and maximize ROI. Generate Model Compliance Documentation. Make predictions, deliver value, and unlock ROI. DataRobot Blueprint—from data to predictions.

Forecasting 81

Forecasting Modeling ROI Machine Learning 81

AWS Big Data

MARCH 30, 2023

Solution overview Lucene Analyzers are Java libraries that are used to analyze text while indexing and searching documents. In this post, we demonstrate how to perform accent-insensitive search using OpenSearch to handle diacritics. These analyzers consist of tokenizers and filters.

ROI 76

ROI Testing Machine Learning Software 76

IBM Big Data Hub

NOVEMBER 29, 2023

In 2023, the IBM® Institute for Business Value (IBV) surveyed 2,500 global executives and found that best-in-class companies are reaping a 13% ROI from their AI projects—more than twice the average ROI of 5.9%. Event endpoint management : Describe and document events easily according to the Async API specification.

Unstructured Data 87

Unstructured Data Data-driven ROI Machine Learning 87

Smart Data Collective

DECEMBER 17, 2021

Data digitization involves taking an existing document or dataset and converting it into digital format, typically using optical scanning or data entry. These interactive documents aim to provide more insight into data, making it easier for companies to make strategic decisions. What is the ROI of BI Solutions in 2022?

Business Intelligence 93

Business Intelligence Cost-Benefit Dashboards Interactive 93

CIO Business Intelligence

JANUARY 16, 2024

The company recently released a generative AI platform that enables legal editors using its Westlaw service to produce document summarization of legal research in minutes that used to take days or weeks to complete, says Shawn Malhotra, head of engineering at Thomson Reuters. For CIOs and CTOs, it’s a balancing act of cost vs ROI.

Cost-Benefit 112

Cost-Benefit Enterprise Unstructured Data Technology 112

erwin

AUGUST 13, 2020

managing risk vs ROI and emerging countries)? With more governance around the information and processes we use to document that information, we can produce more accurate and robust analyses for a true “as-is” view of the entire organization for better decision-making. M&A, new markets, products and businesses).

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

CIO Business Intelligence

MAY 16, 2023

It helps automate notices of process delays and supports swift document retrieval. The HR department also shortened its document processing from 90 days to less than 10 days. Problems include a lack of coordination across departments, a lengthy document lead time of 30 to 90 days, and an absence of embedded business rules.

IT 52

IT Cost-Benefit ROI Digital Transformation 52

erwin

OCTOBER 29, 2020

They told us their number one challenge is documenting complete data lineage (62%), followed by understanding the quality of the data source (58%). These custom software solutions document all the traversing and transformations of data and populate the erwin DI’s Metadata Manager with the technical metadata.

Data Governance 105

Data Governance Metadata ROI Digital Transformation 105

datapine

FEBRUARY 22, 2022

But the rewards outperform by far its costs, and it is well known that business intelligence ROI is real even if it is sometimes hard to quantify. They can govern the implementation with a documented business case and be responsible for changes in scope. On the flip side, document everything that isn’t working.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

Smart Data Collective

JULY 26, 2023

Companies using big data reportedly have 115% higher ROIs. For instance, can your team members share and comment on documents in real time? Make sure your team can share documents in real-time. It allows them to comment on documents quickly and track changes easily. You are going to need the right infrastructure in place.

Data-driven 74

Data-driven Management Sales Big Data 74

Smart Data Collective

AUGUST 30, 2021

Knowledge management metrics help you monitor the performance and ROI of your tech investment. Continuing your investment in a knowledge management tool makes sense only when your employees use your KB regularly to resolve workplace issues and find business-related documents. With a knowledge worker spending 2.5 If so, why?

Management 134

Management Analytics Metrics Measurement 134

erwin

OCTOBER 8, 2020

And you can’t risk false starts or delayed ROI that reduces the confidence of the business and taint this transformational initiative. But even with the “need for speed” to market, new applications must be modeled and documented for compliance, transparency and stakeholder literacy.

Data Governance 145

Data Governance Metadata Testing Data Lake 145

IBM Big Data Hub

AUGUST 11, 2023

Consider the potential return on investment (ROI) based on improved productivity, reduced downtime and enhanced efficiency. Reduce risk, maintain compliance and increase ROI with applications built on 30+ years of market-leading technology.

Software 70

Software Manufacturing Cost-Benefit ROI 70

IBM Big Data Hub

OCTOBER 4, 2022

Today, AI presents an enormous opportunity to turn data into insights and actions, to amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. This includes capturing of the metadata, tracking provenance and documenting the model lifecycle. It is an imperative.

Metadata 99

Metadata Risk Risk Management Experimentation 99

CIO Business Intelligence

MAY 30, 2022

It’s an extensive document — but you don’t have to adopt every part of TOGAF. Organizations can start with the core fundamentals, and then pick and choose parts to adopt from the extended guidance portion of the document. The Open Group also streamlined the documentation, removing anything redundant or outdated.

Enterprise 92

Enterprise Software ROI Digital Transformation 92

CIO Business Intelligence

JANUARY 24, 2024

We’re piloting a way to do automated payments to subcontractors based on work in place that’s been identified with photo and video documentation,” Higgins-Carter says. So they’ll be patient when it comes to ROI. There’s also investment in robotics to automate data feeds into virtual models and business processes.

Risk Management 99

Risk Management Risk Management Digital Transformation 99