CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. Continuous and dependable funding facilitates IT leaders’ ability to deliver leading-edge technology solutions while not increasing technical debt. CFOs want certainty when it comes to spend.

Modeling 124

Modeling Cost-Benefit IT ROI 124

CIO Business Intelligence

OCTOBER 12, 2023

This involves analyzing key metrics like resolution times, ticket volumes, knowledge base usage, and call data. These metrics offer invaluable insights for continuous improvement. Additionally, employ the business case as a tool to tackle potential risks and develop strategies for their mitigation.

Strategy 111

Strategy ROI IT Cost-Benefit 111

CIO Business Intelligence

MAY 1, 2024

One of the main ones was ensuring seamless integration of AI technology into its existing systems and processes. This involved not only the acquisition and implementation of appropriate technologies, but also careful planning and coordination between the HR and digital transformation teams,” she adds.

Digital Transformation 105

Digital Transformation ROI Metrics Measurement 105

IBM Big Data Hub

MARCH 4, 2024

Generative AI (gen AI) introduces transformative innovation to all aspects of a business; from the front to the back office, through ongoing technology modernization, and into new product and service development. times higher ROI. times higher ROI.

Enterprise 105

Enterprise ROI Risk Strategy 105

IBM Big Data Hub

SEPTEMBER 6, 2023

From customized content creation to task automation and data analysis, AI has seemingly endless applications when it comes to marketing, but also some potential risks. Today, AI technologies are being used more widely than ever to generate content, improve customer experiences and deliver more accurate results. What is AI marketing?

Marketing 84

Marketing Technology Advertising ROI 84

CIO Business Intelligence

JUNE 9, 2023

But head starts don’t need to take years to make a difference, especially in the fast-moving world of technology where the window of opportunity is much shorter. In technology, hesitate, and you may not be able to catch up to your competitors. Data management’s ROI Customers often ask me how to “make the case” for data management.

Strategy 116

Strategy Management Key Performance Indicator ROI 116

datapine

MARCH 15, 2019

explore data intelligence technologies, glance at information intelligence, and consider how these activities offer continued value in a real-life business context. A recent study suggests that the use of predictive analytics in business can result in an ROI of up to 25%. In this post, we ask “what is data intelligence?”,

Technology 143

Technology Cost-Benefit KPI Dashboards 143

CIO Business Intelligence

MARCH 23, 2023

As the world continues to experience economic uncertainty, IT leaders look to tighten budgets, consolidate tools and resources, and generally become more risk-averse when evaluating new investments. So how can you request a new investment from your decision-makers while ensuring minimal costs and maximum ROI this year?

Scorecard 59

Scorecard Cost-Benefit ROI IT 59

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going. billion this year.

IT 111

IT Cost-Benefit Risk Consulting 111

CIO Business Intelligence

JUNE 21, 2023

Not since the iPhone have we witnessed a technology change the course of human behavior and the imagination of people everywhere practically overnight. If work and technology are to serve the purpose of making businesses better in this digital renaissance, the question is, better for who? And what does better look like?

Modeling 105

Modeling Cost-Benefit ROI Digital Transformation 105

O'Reilly on Data

MARCH 31, 2020

Because it’s so different from traditional software development, where the risks are more or less well-known and predictable, AI rewards people and companies that are willing to take intelligent risks, and that have (or can develop) an experimental culture. What delivers the greatest ROI? How do you select what to work on?

Management 332

Management Machine Learning Experimentation Metrics 332

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. But it also updates the framework to accommodate and answer to modern technology, tools, and software.

IT 105

IT Cost-Benefit ROI Risk 105

IBM Big Data Hub

SEPTEMBER 6, 2023

It continues to change, shaped by technological advancements, shifts in consumer preferences and new challenges. Why budgeting feels like a marathon Just like marathon training takes months of preparation, crafting a budget involves a lot of data collection, metrics analysis, resource allocation and collaboration.

Forecasting 89

Forecasting Marketing Risk Sales 89

CIO Business Intelligence

NOVEMBER 29, 2023

The cost of migrating is simply too high, says Sid Nag, VP of cloud services and technology at Gartner. Minimize lock-in risks You need to carefully weigh the tradeoffs when it comes to leveraging each vendor’s cloud-native services. “If First, evaluate the subscription model to make sure it aligns with your ROI goals.

Recreation/Entertainment 124

Recreation/Entertainment Testing Strategy Risk 124

IBM Big Data Hub

JUNE 29, 2023

In order to take a proactive approach to asset reliability, maintenance managers rely on two widely used metrics: mean time between failure, (MTBF) and mean time to repair (MTTR). How does asset reliability work? Both KPIs help predict how assets will perform and assist managers in planning preventive and predictive maintenance.

Cost-Benefit 85

Cost-Benefit Measurement Management Predictive Analytics 85

BA Learnings

AUGUST 7, 2021

In addition to that, the risk assessment will not be carried out properly, and you won’t know what pitfalls lie ahead until you’re already knee-deep in the problem. New technologies, especially those that incorporate artificial intelligence , require specialized help for successful implementation into your business.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

Smart Data Collective

JUNE 14, 2022

Big data technology is disrupting almost every industry in the modern economy. You want to educate yourself on the possibilities, so you can make the most of this remarkable new technology. Check Your Metrics. Data analytics tools can help you monitor these metrics much more easily.

Big Data 104

Big Data Data mining Metrics Sales 104

CIO Business Intelligence

APRIL 11, 2022

Gone are the days of the CIO being a back-office IT cost manager,” declares Chris Scheefer, vice president of intelligent industry at technology services and consulting firm Capgemini Americas. This means becoming more than a mechanism for technology project delivery and management,” he notes. Focus on outcomes, not technologies.

Cost-Benefit 119

Cost-Benefit Digital Transformation Strategy Consulting 119

IBM Big Data Hub

JUNE 20, 2023

Digital twin technology: A digital twin is a virtual representation of an asset a company intends to acquire that assists organizations in their decision-making process. We’ll go deeper into EAMs, the technologies underpinning them and their implications for asset lifecycle management strategy in another section.

Strategy 76

Strategy Management Cost-Benefit IoT 76

CIO Business Intelligence

MARCH 13, 2024

Even though generative AI is a relatively new technology, it’s now difficult to imagine a world without it, given the impact it’s making, and the business value it can create. We’re seeing a 15 to 20% uplift of productivity across the board,” says Matt Barrington, EY’s Americas emerging technologies leader. for every $1 spent.

IT 128

IT Consulting Testing Cost-Benefit 128

CIO Business Intelligence

AUGUST 9, 2023

Most CEOs (72%) continue to prioritize digital investments, according to the 2022 CEO Outlook report from KPMG, in part due to concerns about emerging and disruptive technology, a top three risk to organizational growth. Digital transformation is the integration of digital technologies into all aspects of business operations.

Digital Transformation 137

Digital Transformation Strategy Data-driven Consulting 137

Smart Data Collective

NOVEMBER 29, 2021

Companies that neglect to use data analytics, AI and other forms of big data technology risk falling behind to their competitors. Data Technology Makes Email Marketing Automation Far More Feasible. Key performance metrics are identified and measured. Stand out in the subscribers’ inbox.

Data-driven 107

Data-driven Marketing Big Data Sales 107

Juice Analytics

JANUARY 9, 2023

The Last Mile of Data is less about technology and more about people-to-people communication. If there are too many choices, we risk them just walking away, so we want to keep their list of relevant reports as lean as we can. Don’t wait for senior leadership to start asking these challenging ROI questions.

Analytics 64

Analytics Dashboards ROI Reporting 64

Smart Data Collective

SEPTEMBER 4, 2020

However, big data technology is only a viable tool for business decision-making if it is utilized appropriately. Far too many businesses fail to develop a sensible data strategy, so their ROI from their data collection methodologies is often subpar. Keep in Mind Metrics and KPIs.

Data-driven 86

Data-driven Big Data Metrics Strategy 86

datapine

NOVEMBER 5, 2019

By harnessing the insights, information, and metrics that are most valuable to key aspects of your business and understanding how to take meaningful actions from your data, you will ensure your business remains robust, resilient, and competitive. If you fail to do so, you risk damages in your productivity and costs.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

Jet Global

JUNE 16, 2020

For years now, the challenge at the top of everyone’s list is the quick pace at which business, technology, and innovation are all moving. I don’t subscribe to the notion that automation is always a good thing, and one of the challenges for CFOs is evaluating the ROI for a technology.

Finance 52

Finance Cost-Benefit Metrics Data-driven 52

BizAcuity

FEBRUARY 22, 2019

The emergence of new business models, the changing needs of the traditional financial departments of event industry and advancements in technology have all led to the need for financial analytics. In addition, it needs to have powerful analytics technology for its event revenue measurement.

Analytics 75

Analytics Cost-Benefit Finance Sales 75

CIO Business Intelligence

MAY 9, 2022

Enterprise transformation demands technology to work and people to adopt it. If people within the organization are given the right tools and are enabled and empowered to use them, they can achieve the desired intent of technology transformations. Stakeholders must be in initial conversations about technology transformation.

Technology 97

Technology ROI Metrics Digital Transformation 97

CIO Business Intelligence

JULY 20, 2023

The inability to communicate IT’s value effectively is contributing to many of the frustrations technology organizations are dealing with today — from not being involved early in the strategic decision-making process, to lack of financial support for key initiatives, to low employee engagement. Each conversation leaves an impression.

Marketing 75

Marketing Technology Strategy ROI 75

Sisense

SEPTEMBER 3, 2020

They also put together custom database queries to answer the questions of business users, implement new metrics from existing data, strive to improve data quality, and contribute to correct acquisition of new data. This includes database modeling, metrics definition, dashboard design , and creating and publishing executive reports.

Statistics 97

Statistics Metrics Visualization Finance 97

datapine

JANUARY 6, 2022

Before any serious data analysis can begin, the scale of measurement must be decided for the data as this will have a long-term impact on data interpretation ROI. A recent data study performed by Deloitte vividly demonstrates this in finding that data analysis ROI is driven by efficient cost reductions.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Sisense

JUNE 24, 2021

The proliferation of information, data, technology, and digital platforms means that the ability to leverage learning and education solutions has evolved dramatically in recent years. A recent study by Learning Pool revealed 76% of mature metrics practices are enabled by technology that integrates data from multiple sources.

Analytics 83

Analytics Measurement Dashboards Optimization 83

Jet Global

FEBRUARY 18, 2020

Knowing that technologies like AI and machine learning were coming, many companies started storing data preemptively even before they knew when or how technology would turn it into something valuable. Now that executives can and must prove performance with hard numbers, we should see a lot more automated technologies become mainstream.

Data-driven 64

Data-driven Machine Learning Cost-Benefit ROI 64

Anmut

MARCH 22, 2023

Stage 2: Risk While there is a general awareness of the benefits of data governance , roles are poorly understood. Sadly, this lack of senior data ownership means technology investments are often confused with data investments. This stage is typical for organisations that are just starting to develop their data strategy.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

datapine

OCTOBER 10, 2019

And if you’re looking to make a dashboard to outline return on marketing investment (ROMI), your visualizations, design, and metrics would be very different from those featured in a marketing channel engagement report. If you don’t, you run the risk of creating a dashboard that nobody actually uses, wasting your time. Media Example.

Dashboards 146

Dashboards Visualization Sales Metrics 146

CIO Business Intelligence

JANUARY 23, 2024

For example, McKinsey suggests five metrics for digital CEOs , including the financial return on digital investments, the percentage of leaders’ incentives linked to digital, and the percentage of the annual tech budget spent on bold digital initiatives. As a result, outcome-based metrics should be your guide.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

CIO Business Intelligence

MAY 1, 2024

For example, a quarter of IT decision-makers in Foundry’s 2023 AI Priorities Study are piloting gen AI technologies, but only 20% have moved on to deployment. This is an incredible technology that can raise productivity, save time, and be a great human assistant,” says Gownder. Now nearly half of code suggestions are accepted.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143