CIO Business Intelligence

APRIL 19, 2024

Companies buying the marketing hype about the benefits of AI need to look for proofs of concept, added Mark McDonald, a distinguished vice president analyst at Gartner. AI promises cost savings, productivity improvements, and better customer experiences, but CIOs need to figure out how to calculate the ROI , McDonald said.

IT 132

IT Software Cost-Benefit ROI 132

CIO Business Intelligence

OCTOBER 17, 2024

For any health insurance company, preventive care management is critical to keeping costs low. The key to keeping costs low is that the number of claims must be low. So how much preventive care can you adopt to take care of your members to keep claims low and to keep costs low? And we’ve already seen a big ROI on this.

Management 111

Management Insurance ROI Cost-Benefit 111

Paul Blogs on BI

JULY 16, 2021

Here are the categories and the winners: The 2021 Best Business Dashboard Award. The Best Business Dashboard award for 2021 was awarded to McKesson for their Drug Distribution dashboard. The 2021 Limitless BI Dashboard Award. The 2021 Most Valuable Dashboard Award. Congratulations!

Dashboards 59

Dashboards Cost-Benefit Metrics ROI 59

CIO Business Intelligence

MARCH 16, 2022

A recent report found that 99% of organizations believe VSM provides key benefits, including accelerated delivery, improved transparency, reduced silos, and more.[1] For example, one team at a multinational automobile manufacturer has moved its projects into value streams and started to see a number of benefits. Conclusion.

Management 98

Management Cost-Benefit Insurance ROI 98

CIO Business Intelligence

MAY 27, 2024

The ROI of Cybersecurity Training Investing in cybersecurity training is not just a defensive measure; it’s a strategic investment that can yield significant returns. According to the Ponemon Institute’s 2023 Cost of Data Breach Report , organizations with extensive incident response planning and testing programs saved $1.49

Cost-Benefit 116

Cost-Benefit Statistics ROI Measurement 116

Cloudera

AUGUST 30, 2022

Whether it’s the EU’S General Data Protection Regulation (GDPR), China’s Personal Information Protection Law (PIPL) passed in 2021, or state-specific privacy laws in the US, the pressure is on to stay abreast and compliant of multiple regulations across borders. We have to embrace the ecosystem approach to renovation.

Strategy 113

Strategy Data Strategy ROI Cost-Benefit 113

CIO Business Intelligence

JUNE 29, 2022

Many CIOs are turning to RPA to streamline enterprise operations and reduce costs. What are the benefits of RPA? RPA provides organizations with the ability to reduce staffing costs and human error. Bots are typically low-cost and easy to implement, requiring no custom software or deep systems integration.

Cost-Benefit 145

Cost-Benefit Software Machine Learning Enterprise 145

Smart Data Collective

OCTOBER 5, 2021

One of the most important benefits of analytics in marketing is with PPC marketing. More companies are using analytics to expand the reach of their PPC campaigns and improve their ROI. PPC marketing would be infeasible in 2021 without analytics. Data analytics is going to be very important for this stage.

Analytics 130

Analytics Marketing ROI Testing 130

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.

Strategy 140

Strategy IT ROI Digital Transformation 140

CIO Business Intelligence

MAY 22, 2023

ROI becomes a waiting game. What if there was a way to get ROI today and still train the workforce for a quantum tomorrow? Since 2021, there have been examples of how these can outperform classical CNNs in some instances. Notably, they can bring cost and performance benefits to the currently expensive methods for training LLMs.

ROI 52

ROI Machine Learning Optimization Cost-Benefit 52

CIO Business Intelligence

FEBRUARY 7, 2023

Yet, it’s not uncommon for executives to cut costs in areas that actually improve customer experiences and also double-down on investments that can minimize them. In its State of Service report, Salesforce research learned that case volumes for 54% of service teams rose between 2021 and 2022.

Uncertainty 116

Uncertainty Cost-Benefit Sales Reporting 116

Smart Data Collective

JANUARY 30, 2023

However, there are other benefits of AI in marketing that get less publicity. As AI continues to change the marketing landscape , marketers will keep looking for new ways to automate various processes, reduce the scope of human error and lower costs. In 2021, the market earned $153 billion in revenue, with Facebook getting 21.5%

Advertising 111

Advertising Cost-Benefit Marketing Strategy 111

Smart Data Collective

NOVEMBER 2, 2022

A growing number of organizations are leveraging big data to get higher ROIs from their organic and paid marketing campaigns. As a result, companies around the world spent over $52 billion on data-driven marketing solutions in 2021. Martech author Allen Martinez talks about the benefits of big data in Fintech marketing.

Marketing 143

Marketing Big Data Data-driven Sales 143

CIO Business Intelligence

APRIL 20, 2023

They cannot secure it; they cannot effectively manage it; and they cannot control the spiraling costs of maintaining a mismatched portfolio of security tools with overlapping capabilities. One approach for organizations looking to counter tool sprawl and reduce costs is to deploy a single, authorized platform to handle multiple functions.

Cost-Benefit 72

Cost-Benefit ROI Digital Transformation Software 72

IBM Big Data Hub

NOVEMBER 10, 2023

Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs.

Cost-Benefit 95

Cost-Benefit Insurance Consulting Unstructured Data 95

CIO Business Intelligence

JULY 5, 2022

This APAC trend reflects what’s happening globally; 92% of enterprises now have a multi-cloud strategy in place, according to the Flexera 2021 State of the Cloud report. A well thought-through IT infrastructure strategy, taking into account a full cloud roadmap, can deliver immense benefits to organisations. Owned hardware assets.

IT 98

IT Data-driven Strategy Cost-Benefit 98

CIO Business Intelligence

MARCH 9, 2022

This APAC trend reflects what’s happening globally; 92% of enterprises now have a multi-cloud strategy in place, according to the Flexera 2021 State of the Cloud report. A well thought-through IT infrastructure strategy, taking into account a full cloud roadmap, can deliver immense benefits to organisations. Owned hardware assets.

IT 98

IT Data-driven Strategy Cost-Benefit 98

Cloudera

AUGUST 22, 2021

It seems like there’s always something new to look out for every day, be it new use cases, technology or ways that organizations can benefit. This makes it tougher to understand the app dependencies and accurately assess for feasibility, costs, implementation and ultimately generate ROI. Cloud is ultimately just a vehicle.

Cost-Benefit 106

Cost-Benefit IoT Strategy ROI 106

CIO Business Intelligence

JUNE 30, 2022

This APAC trend reflects what’s happening globally; 92% of enterprises now have a multi-cloud strategy in place, according to the Flexera 2021 State of the Cloud report. A well thought-through IT infrastructure strategy, taking into account a full cloud roadmap, can deliver immense benefits to organisations. Owned hardware assets.

IT 94

IT Data-driven Strategy Cost-Benefit 94

IBM Big Data Hub

FEBRUARY 12, 2024

A key reason for this hesitancy is the complexity and cost of migrating to a new ERP platform. Since 2021, SAP’s approach to simplifying this was to create a SaaS-based solution for S/4HANA on a single contract called RISE with SAP that includes software, infrastructure and services to migrate to S/4HANA.

Cost-Benefit 67

Cost-Benefit Data Processing Consulting ROI 67

John Wheeler

NOVEMBER 25, 2020

This need for IRM is reflected in our most recent Gartner CEO Survey where CEOs identified risk management as one of their top priorities in 2020 & 2021 (see figure below). It will remain as a new way of conducting business in a cost-optimized, more efficient environment. The current crisis is operationally-centered.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

CIO Business Intelligence

MARCH 21, 2022

Staying razor-focused on business benefits and communicating in a language everyone understands is central to successful IT initiatives, whether the project involves state-of-the-art technology like robotic process automation (RPA) or is a bit more mundane, like upgrading an aging data center. Source: State of the CIO, 2022. Credit: CIO.

IT 131

IT Digital Transformation Consulting Manufacturing 131

Cloudera

JANUARY 17, 2021

I too have enjoyed the benefits digital transformation experiences have brought, but unlike on-line shopping or streaming video services, I seek my entertainment usually outdoors – on the water, whether it be frozen or liquid. Eight miles down the road and a 20 minute car ride, transforms one from 1950 to 2021. and sold 322.1

Digital Transformation 68

Digital Transformation Cost-Benefit Manufacturing Sales 68

DataRobot Blog

APRIL 4, 2022

When this contribution is put against the marketing spend in the particular channel, it produces a reading on the highly coveted return on investment (ROI). ROI gives a standard interpretation of whether a marketing activity was profitable and to compare efficiency across media channels or campaigns. When can you give us the ROI?”.

Machine Learning 52

Machine Learning Sales Measurement ROI 52

Andrew White

JANUARY 9, 2022

I would take a look at our Top Trends for Data and Analytics 2021 for additional AI, ML and related trends. Yet there is no inclusion in the conversation about the costs and issues related to the battery and materials used in the most expensive part of the EV. Here is the 2021 report: What Are Must-Have Roles for Data and Analytics?

Analytics 64

Analytics Measurement Data-driven Modeling 64

Smart Data Collective

OCTOBER 5, 2022

There are clearly many benefits of the cloud , but they are especially significant in the computer science profession. However, the opportunity to connect with clients and employers around the globe is arguably an even bigger benefit. This is one of the biggest benefits for Russian developers. Source: Statista.

Cost-Benefit 125

Cost-Benefit Software Technology IT 125

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. The company’s North American business unit, which accounts for 40% of its revenue, was the first to move to the new system in October 2021.

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

Andrew White

JANUARY 11, 2021

It was titled, The Gartner 2021 Leadership Vision for Data & Analytics Leaders. It is meant to be a desk-reference for that role for 2021. The fill report is here: Leadership Vision for 2021: Data and Analytics. With a success behind you, sell that experience as the kind of benefit you can help improve.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

DataKitchen

JUNE 24, 2021

In May 2021 at the CDO & Data Leaders Global Summit, DataKitchen sat down with the following data leaders to learn how to use DataOps to drive agility and business value. That creates that connectivity of quantifiable benefits to business outcomes.”. Kurt Zimmer, Head of Data Engineering for Data Enablement at AstraZeneca.

ROI 211

ROI Metrics Measurement Cost-Benefit 211

Smart Data Collective

JANUARY 7, 2022

billion on cloud infrastructure in the first quarter of 2021 alone. Many major companies have already moved to the cloud and discovered the benefits of doing so. They might be skeptical of some of the benefits as well. 7 Benefits a cloud-based POS system can give your business in 2022. Reduced costs. Spoiler alert?

Cost-Benefit 118

Cost-Benefit Sales Software Reporting 118

DataRobot

NOVEMBER 12, 2021

Only one in ten companies reports significant financial benefits from implementing AI, according to a recent study by BCG GAMMA, the BCG Henderson Institute, and the MIT Sloan Management Review. Few businesses now benefit from AI because they have not yet fully implemented it throughout their organizations. How can that be?

Cost-Benefit 98

Cost-Benefit Machine Learning Sales ROI 98

Jet Global

MAY 1, 2023

These benefits provide a 360-degree feedback loop. In this new era, users expect to reap the benefits of analytics in every application that they touch. Users are coming to expect sophisticated analytics at little or no cost. 2004: First went public 2021: Annual revenue of $21.25 The market has since evolved.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

Jet Global

JUNE 13, 2022

But the benefits of enhanced functionality, the power of the cloud, and increased ROI are reason enough for organizations across the world to convert every day. According to Gartner’s 2021 Core Financial Magic Quadrant , over 50% of the ERP market is expected to be cloud-based by 2024.

Reporting 52

Reporting Data Lake Sales Operational Reporting 52