CIO Business Intelligence

SEPTEMBER 11, 2023

Translating the CEO’s strategy Another legacy organization, 105-year-old The Teachers Insurance and Annuity Association of America (TIAA), has “a specific focus on elevating data and digital fluency” across the organization, says Sastry Durvasula, CIO and client services officer. You have to get that understanding first.”

Digital Transformation 133

Digital Transformation ROI Strategy Technology 133

CIO Business Intelligence

DECEMBER 5, 2023

CIOs should also periodically review projects in play to reprioritize them based on anticipated ROI and feasibility, says 11:11’s Pratt. Contractors and vendors should be treated like your car insurance,” says Pratt. A major cost-cutting measure we’re undergoing is evaluating and consolidating vendors.

IT 133

IT Cost-Benefit ROI Digital Transformation 133

Alation

NOVEMBER 4, 2022

Perhaps you want to boost your ROI or CAGR, or reduce the time your analysts spend accessing and leveraging data. Yet other goals seem a little aspirational and harder to quantify, but that doesn’t mean they’re not measurable — or achievable. In business, data-based goals tend to be very tangible. But first you need to define them.

Digital Transformation 52

Digital Transformation Cost-Benefit Insurance Machine Learning 52

Smart Data Collective

JULY 26, 2023

Companies using big data reportedly have 115% higher ROIs. Additionally, evaluate how easy it is to use and how it integrates with other systems and security measures. Small businesses must prioritize data security measures that protect physical and digital assets. However, running a data-driven business isn’t always easy.

Data-driven 74

Data-driven Management Sales Big Data 74

CIO Business Intelligence

MARCH 13, 2024

Still, he urges companies to look beyond measurements of coding speed. At Gallagher, a global insurance brokerage, risk management, and consulting services firm, executive search practice managing director Tom Wilson says his team uses gen AI for research and written communications. What if writing code wasn’t the real issue?”

IT 124

IT Consulting Testing Cost-Benefit 124

CIO Business Intelligence

MAY 16, 2022

ITIL 4 contains seven guiding principles that were adopted from the most recent ITIL Practitioner Exam, which covers organizational change management, communication, and measurement and metrics. Nationwide Insurance achieved a 40% reduction in system outages and estimates a $4.3

IT 101

IT Cost-Benefit ROI Risk 101

AWS Big Data

MARCH 7, 2023

It covers how to use a conceptual, logical architecture for some of the most popular gaming industry use cases like event analysis, in-game purchase recommendations, measuring player satisfaction, telemetry data analysis, and more.

Analytics 69

Analytics Data Warehouse Data Lake Metadata 69

IBM Big Data Hub

APRIL 18, 2024

Beyond cost savings, organizations seek tangible ways to measure gen AI’s return on investment (ROI), focusing on factors like revenue generation, cost savings, efficiency gains and accuracy improvements, depending on the use case. A key trend is the adoption of multiple models in production.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

Ontotext

APRIL 3, 2024

So, this is a big driver for the outcome because when you are saving money for the business, you can measure it and see its value. ” Aurelije Zovko : For me, what’s also important is business productivity and one thing is to measure the business processes that bring revenue. Show me the ROI.” They are the best.”

Technology 59

Technology Risk Digital Transformation Measurement 59

CIO Business Intelligence

NOVEMBER 7, 2022

Panorama Consulting Solutions, which regularly surveys businesses on the outcomes of their ERP projects, shows in its 2022 report that 81% of projects met ROI expectations a year or more after go-live. But in early November Asali said the new ERP system had started to deliver better and faster measurement of productivity and KPIs.

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

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. What are you measuring? That’s a lot of money if you want to go across the organization,” she says.

Cost-Benefit 138

Cost-Benefit Metrics Insurance Measurement 138

Occam's Razor

APRIL 25, 2011

I fundamentally believe that having a vibrant bi-directional conversation on a destination you control with policies you set and data you control is not just insurance, it is your duty to your customers. Doing anything on the web without a Web Analytics Measurement Model. Or at least have a plan to measure * something*.

Marketing 126

Marketing Measurement Metrics Testing 126

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Are you seeing any specific issues around the insurance industry at the moment that should concern CDAOs?

Insurance 150

Insurance Risk IoT Cost-Benefit 150

IBM Big Data Hub

NOVEMBER 10, 2023

Since 2021, healthcare insurance companies also known as payers, that set service rates, collect payments, process claims, and pay healthcare provider claims, have the obligation to comply with the interoperability requirements set in 2020. These requirements enable the exchange of important data between healthcare payers and providers.

Cost-Benefit 104

Cost-Benefit Insurance Consulting Unstructured Data 104

datapine

MAY 31, 2022

That’s why it is important to implement a secure BI cloud tool that can leverage proper security measures. In both cases, the return on investment (ROI) is healthy. All of these strategic measures will ensure that the benefits of cloud business intelligence far outweigh the issues. Cost management and containment.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

Jet Global

AUGUST 17, 2020

A finance department Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure used to evaluate a company’s financial performance. Working Capital – This key financial metric is used to measure the amount of money a company has available at their disposal, ready to be put to work.

Finance 98

Finance Metrics KPI Key Performance Indicator 98

IBM Big Data Hub

APRIL 4, 2024

Private cloud security measures include firewall configurations, virtual private networks (VPNs), data encryption, authorization mechanisms and more to help reduce data breaches or cyberattacks. Private clouds also typically include enhanced physical security measures like surveillance cameras and security personnel.

Data Processing 101

Data Processing Cost-Benefit Software Digital Transformation 101

Occam's Razor

FEBRUARY 22, 2011

and what implications are on measurement (loads!). In this blog post I want to talk about just one specific ad unit, the Search / Display click-to-call ad, and how it is cool, useful, and immensely measureable in sexy ways. From a measurement perspective we have four things we can analyze. Couple of quick caveats: 1.

Analytics 113

Analytics Advertising Metrics Measurement 113

Domino Data Lab

FEBRUARY 4, 2019

The ability to measure results (risk-reducing evidence). Given the two points above, that’s okay—there are good ways to direct data exploration toward ROI. Overall, this list describes what prevents organizations from obtaining ROI on data science projects. Instead they require investment, tooling, and time for data collection.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

Occam's Razor

NOVEMBER 2, 2015

For the rest of this post, I'm going to use the first three to capture the essence of social engagement and brand impact, and one to measure impact on the business. I believe the best way to measure success is to measure the above four metrics (actual interaction/action/outcome). Measure all this Social Media activity.

B2B 167

B2B Metrics Testing Recreation/Entertainment 167

Smart Data Collective

JANUARY 7, 2022

However, some organizations are still unsure of what measures they should take to adapt to the cloud. With a cloud-based POS system, your data security has safety insurance. From encryption technology to strong firewalls, cloud-based software takes multiple measures to safeguard your data from the hands of hackers.

Cost-Benefit 104

Cost-Benefit Sales Software Reporting 104

Alation

FEBRUARY 13, 2020

” It’s just turned a corner: Now, thanks in part to things like Gartner telling companies, in the next year, by 2020, if you have a data catalog, you’re going to see twice the ROI from your existing data investments than if you don’t. One of our values at Alation is that we measure our success through customer impact.

ROI 52

ROI Data-driven Finance Data Quality 52

Andrew White

JANUARY 11, 2021

As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. measuring value, prioritizing (where to start), and data literacy? Our operational teams are dissuaded from embracing D&A pilot programs into their operations because the ROI is so small.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

JUNE 24, 2021

A non-profit key performance indicator (KPI) is a numerical measurement that gauges the ability of a non-profit organization in accomplishing its mission. Both structures aim to claim a bigger share of the market; however, most non-profit businesses engage in developing KPIs that measure societal influence as opposed to revenue.

Metrics 98

Metrics Reporting KPI Measurement 98

Jet Global

DECEMBER 20, 2021

Perhaps just as importantly, capital planning software enables organizations to measure and monitor the performance of their capex investments to better understand which assets are performing to expectations and which are not. Will the investment generate positive return on investment (ROI), or is it essential to business operations?

Software 52

Software Recreation/Entertainment ROI Finance 52