Timo Elliott

MAY 8, 2023

You can see the company’s winning submission document here , with lots of details about the business goals, technical infrastructure, benefits, and SAP products used. Petrobras works with mission critical industrial equipment to run operations at the Buzios field in Brazil, the world’s largest deep water reservoir.

IoT 104

IoT Cost-Benefit Machine Learning Risk 104

CIO Business Intelligence

JULY 11, 2024

The study surveyed over 2,500 global AI decision-makers and found that 58% of manufacturing leaders plan to increase AI spending in 2024, down from 93% in 2023. Security worries have tripled, accuracy concerns have grown fivefold, and transparency issues have quadrupled since 2023.”

Manufacturing 122

Manufacturing Cost-Benefit Data Quality Modeling 122

CIO Business Intelligence

JANUARY 23, 2023

Companies and governments are aware of the benefits of new technologies and digitization: optimizing costs and operating resources, ensuring customer satisfaction, attracting new customers, and gaining a competitive advantage through digital adoption. LEAP 2023 will be held from February 6-9 in Riyadh Front Expo Centre, Saudi Arabia.

IoT 111

IoT Strategy Cost-Benefit Digital Transformation 111

Ontotext

DECEMBER 1, 2023

So, KGF 2023 proved to be a breath of fresh air for anyone interested in topics like data mesh and data fabric , knowledge graphs, text analysis , large language model (LLM) integrations, retrieval augmented generation (RAG), chatbots, semantic data integration , and ontology building.

Metadata 78

Metadata Sales Consulting Machine Learning 78

CIO Business Intelligence

JANUARY 9, 2023

The need to grow smartly Gil Westrich’s company, ClearML, is benefiting from increased adoption of artificial intelligence and machine learning (ML) technology. Closing our offices made sense to conserve energy costs and give people flexibility to come into the office any day from Tuesday through Thursday,” Phelps says.

IT 145

IT Uncertainty Cost-Benefit Digital Transformation 145

CIO Business Intelligence

NOVEMBER 13, 2023

1 But despite some of the benefits of online sales, this isn’t all good news for retailers. Retailers that successfully harness edge data to deliver seamless omnichannel customer experiences will benefit from the win/win combination of increasing sales and decreasing costs for a powerful boost to the bottom line. May 2022. [2]

Cost-Benefit 124

Cost-Benefit Sales Data-driven Statistics 124

Timo Elliott

NOVEMBER 30, 2022

My role was to talk about the trends and opportunities for 2023, for customers, SAP, and our partners. IDC calls it the Future Enterprise , Forrester talks about Future Fit organizations, and Gartner explains the benefits of the Composable Enterprise. Innovating Faster. Analysis to Action. It’s all about profits AND purpose.

Recreation/Entertainment 98

Recreation/Entertainment Metadata Data Warehouse Cost-Benefit 98

CIO Business Intelligence

JULY 22, 2024

IT leader and former CIO Stanley Mwangi Chege has heard executives complain for years about cloud deployments, citing rapidly escalating costs and data privacy challenges as top reasons for their frustrations. They, too, were motivated by data privacy issues, cost considerations, compliance concerns, and latency issues.

Optimization 127

Optimization Strategy IT Cost-Benefit 127

Cloudera

JANUARY 5, 2023

In the past year, businesses who doubled down on digital transformation during the pandemic saw their efforts coming to fruition in the form of cost savings and more streamlined data management. However, a significant amount of this spend is wasted as organizations struggle to optimize costs effectively. .

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

Jet Global

JUNE 22, 2023

Some of our most popular CFO backed posts: Best CFO KPIs and Dashboards for the 2023 CFO The Remote CFO’s Guide to Closing the Books from Home Crisis Planning for the Short and Long Term: Advice from Leading CFOs Generation CFO Link: [link] Generation CFO is not interested in the traditional operational structure of corporations.

KPI 105

KPI Finance Dashboards Digital Transformation 105

CIO Business Intelligence

JUNE 19, 2024

And that means cooling costs are also growing. In fact, according to the International Energy Agency, by 2026 the AI industry is expected to have grown exponentially to consume at least ten times its electricity demand in 2023. But, he added, “A final thought — depending on cost, it might be difficult to get business leaders to care.

Cost-Benefit 115

Cost-Benefit Enterprise Technology Reporting 115

CIO Business Intelligence

OCTOBER 23, 2024

The demand of GenAI will help nearly triple server sales from 2023 to 2028.” But not all employees get the same degree of benefit from using GenAI. More than 90% of CIOs said that managing cost limits their ability to get value from AI for their enterprise, according to a Gartner survey of over 300 CIOs in June and July 2024.

Enterprise 134

Enterprise IT Cost-Benefit Measurement 134

CIO Business Intelligence

NOVEMBER 12, 2024

For those paying close attention, substantive changes were foreshadowed in 2023 when it was quietly noted that perpetual software maintenance licenses would not be renewed upon expiration. Involve them early in the process to both gain feedback and demonstrate the expected benefits.

Software 100

Software Cost-Benefit Modeling Sales 100

CIO Business Intelligence

JANUARY 3, 2024

In fact, VSM has been shown to deliver significant organizational benefits and quantifiable, financial ROI. In November 2023, Forrester Consulting conducted a Total Economic Impact™ (TEI) study, commissioned by Broadcom, which found organizations using ValueOps, a dedicated VSM solution, can realize significant financial benefits.

Management 131

Management ROI Cost-Benefit Data-driven 131

CIO Business Intelligence

JULY 5, 2024

Intel® Core™ Ultra processors featuring NPU engines also mean these HP AI PCs, such as the EliteBook 1000 series, can extend battery life, boost productivity, and enhance collaboration, packing a powerful punch of added benefits. Myth 5: Not all businesses can benefit from AI Waiting to implement AI could be a costly mistake.

Cost-Benefit 119

Cost-Benefit Optimization Technology IT 119

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. This is possibly the most important benefit of using AI for PPC advertising.

Advertising 101

Advertising Cost-Benefit Marketing Strategy 101

CIO Business Intelligence

AUGUST 29, 2024

According to IDC’s North American Tools/Vendors Consolidation Survey (November 2023), organizations plan to add even more security tools to their arsenals over time. Unnecessary costs: Every tool requires a subscription or upfront cost along with maintenance and upgrades, integrations, and training. The short answer is “no.”

Cost-Benefit 124

Cost-Benefit Enterprise Software Marketing 124

CIO Business Intelligence

FEBRUARY 12, 2024

An arrow for the right: This way lies calculating the cost of IT assets versus their business value. And frankly it’s the difference between being viewed as a cost center or as a value generator. Multicloud estates heighten cost complexity However, the IT landscape has become far more distributed of late.

Cost-Benefit 113

Cost-Benefit Optimization Strategy Software 113

CIO Business Intelligence

JANUARY 4, 2023

Cloud, sustainability, scale, and exponential data growth—these major factors that set the tone for high performance computing (HPC) in 2022 will also be key in driving innovation for 2023. As a community, we keep sharing information and we stay on top of developments to realize the maximum benefits of HPC.

Cost-Benefit 59

Cost-Benefit Machine Learning Uncertainty Modeling 59

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. But talking to IT teams like the AI professionals in Intel’s 2023 ML Insider survey suggests only 10% of organizations put gen AI solutions into production in 2023.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

NOVEMBER 8, 2023

It is estimated by the end of 2023, 31% of organizations expect to run 75% of their workloads 2 in the cloud. 1 The rapid migration to the public cloud comes with numerous benefits, such as scalability, cost-efficiency, and enhanced collaboration. 6 On top of that, the average cost of a data breach is over $4.4

Cost-Benefit 134

Cost-Benefit Risk Digital Transformation Reporting 134

CIO Business Intelligence

APRIL 19, 2024

No company got out of 2023 without having a story about how much better their company was going to be, how much better their products were going to be, how much better their customers’ lives were going to be because of generative AI,” he said. growth in 2023. Another big change from 2023 comes in the devices category, which saw a 9.1%

IT 131

IT Software Cost-Benefit ROI 131

CIO Business Intelligence

MAY 27, 2024

A study by Verizon in their 2023 Data Breach Investigations Report found that 68% of breaches involved a human element, such as social engineering, misuse of privileges, or simple mistakes. The incident cost Maersk over $300 million in losses. But it isn’t a question of ”if” an organization will be targeted, but “when.”

Cost-Benefit 114

Cost-Benefit Statistics ROI Measurement 114

CIO Business Intelligence

MAY 24, 2024

This was one area addressed in the HP-sponsored IDC whitepaper on the benefits of integrating managed device services, published in April 2024 [1]. Register here to read the full HP-sponsored IDC whitepaper on the benefits of integrating managed device services. [1]

Management 102

Management IT Cost-Benefit Metrics 102

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

The trade-off is capability and flexibility versus cost and time to value since third-party tools deal with end-to-end processes that span multiple applications in ways the Infor’s currently cannot. ISG Research finds that , on average, organizations spent 2% of IT budgets on AI in 2023. The average expected spend for 2024 is 3.7%

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

CIO Business Intelligence

MARCH 23, 2023

of its workforce, over the next 18 months to reduce costs amid uncertain macroeconomic conditions. The job cuts reflect stabilizing demand, following explosive post-pandemic growth, and prudent cost management, according to Ignacio Rasero, vice president for Moody’s Investors Service. billion to $16.7

Uncertainty 97

Uncertainty Cost-Benefit Consulting Digital Transformation 97

CIO Business Intelligence

JUNE 6, 2024

When it’s done well, every choice is calculated, made mindfully of both its short- and long-run impacts, and of the delicate balance in which it must hold certain key variables — cost, productivity, digital maturity, and the potential to build capabilities that last. Among such leaders is Barry Perkins. So how do you forge a different path?

Strategy 120

Strategy IT Cost-Benefit Digital Transformation 120

Ontotext

DECEMBER 30, 2022

This makes 2023 both a very challenging and exciting year! GraphDB 10 brings smarter and simpler cluster architecture enabling, among other benefits, best in class resilience and reduced infrastructure costs. As we enter 2023, we are looking forward to doing more to deliver value for our customers and future clients.

Enterprise 52

Enterprise Sales Cost-Benefit Marketing 52

CIO Business Intelligence

NOVEMBER 14, 2024

IDC’s Global Retail Survey (July 2023) found that 36% plan to invest in robotics for guest and store services in the next 36 months. Competing on a level playing field with the biggest e-retail successes requires agility, with visibility into automated, digitized supply chains. And they are making progress.

IT 64

IT Cost-Benefit Manufacturing Sales 64

DataKitchen

MARCH 12, 2024

Key Success Metrics, Benefits, and Results for Data Observability Using DataKitchen Software Lowering Serious Production Errors Key Benefit Errors in production can come from many sources – poor data, problems in the production process, being late, or infrastructure problems. Data errors can cause compliance risks.

Metrics 118

Metrics Software Cost-Benefit Testing 118

CIO Business Intelligence

MARCH 6, 2024

Manufacturing in particular has become a bigger target for bad actors; in fact, it was one of the sectors most impacted by extortion attacks, according to Palo Alto Networks’ 2023 Unit 42 Extortion and Ransomware Report. The second business benefit is cost savings. The third benefit is the reduction of downtime.

ROI 126

ROI Manufacturing Cost-Benefit IoT 126

CIO Business Intelligence

MAY 5, 2023

x for business value even before ChatGPT became a household name. That is why the omnichannel used-car retailer earned a coveted spot on the 2023 CIO 100 Award list: for its early, innovative use of a nascent AI technology that led to a spike in page views as well as higher SEO ranking and placement that drove substantial business growth.

Digital Transformation 145

Digital Transformation Cost-Benefit Business Driver Machine Learning 145

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. Expion hasn’t yet calculated the potential new business created, but the tool will save the company the cost of about 1.5 data analyst FTEs.

IT 104

IT Insurance Cost-Benefit Unstructured Data 104

CIO Business Intelligence

JULY 27, 2023

First came the carrot of lower costs in the cloud with the bundled Rise with SAP offering. SAP said Thursday it will raise the cost of support for users of its on-premises software for the second year in a row, just days after announcing plans to withhold future innovations in its products from on-prem customers. Bucking the trend?

Cost-Benefit 88

Cost-Benefit Statistics Data Processing Forecasting 88

FineReport

APRIL 26, 2023

Cost Savings : Big data tools such as FineReport , Hadoop, Spark, and Apache can assist businesses in saving costs by storing and handling huge amounts of data more efficiently. One of the key benefits of FineReport is its ease of use. Another key benefit of FineReport is its flexibility.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

Modeling 124

Modeling Cost-Benefit IT ROI 124