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

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 114

Cost-Benefit Optimization Strategy Software 114

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. increase in IT spending this year, and it measured a 3.3% growth in 2023.

IT 131

IT Software Cost-Benefit ROI 131

CIO Business Intelligence

AUGUST 8, 2024

CFOs like the fact that open source is often free or low in cost. IT teams benefit from the sprawling, dynamic support communities that surround major open source projects. For many stakeholders, there is plenty to love about open source software. Yet, for CISOs, open source is more likely in many cases to inspire fear than love.

Software 123

Software Enterprise Cost-Benefit Risk 123

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. A budget review allows you to measure the effectiveness of your strategy.

Advertising 101

Advertising Cost-Benefit Marketing Strategy 101

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

FEBRUARY 15, 2024

Graded’s Ardolino says that when he presents a project to top management, he starts with a descriptive overview and then combines KPIs that can measure the estimated positive impact in different business areas, for example reduction in man hours or the benefits of data retrieval.

Strategy 121

Strategy Digital Transformation Cost-Benefit Forecasting 121

CIO Business Intelligence

MAY 5, 2023

While enterprise IT orgs by and large are taking a measured approach , some early movers are showing impressive results. First-mover AI benefits CarMax’s IT leaders and IT staff were experimenting with OpenAI’s GPT-3.x CarMax’s IT team, for one, has been working with Microsoft and OpenAI to leverage GPT-3.x billion overall.

Digital Transformation 145

Digital Transformation Cost-Benefit Business Driver Machine Learning 145

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

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

SEPTEMBER 24, 2024

IDC Quick Poll, September 2023 From CIO to CAIO Wiedenbeck took on the CAIO’s role at Ameritas in January, shifting from his position as CIO and making room for another executive to take the CIO’s reins. Like unit cost reduction, the agentic AI work is focused on efficiency and productivity.

IT 123

IT Insurance Cost-Benefit Risk 123

CIO Business Intelligence

MARCH 5, 2024

In 2023, enterprises worldwide spent $166 billion on AI solutions (AI software, hardware, and services), but that spending is expected to grow 27% per year to $423 billion by 2027, according to IDC’s report. But that’s about to change, said Fleming, as executive leadership seeks to understand how AI and automation benefit the bottom line.

Key Performance Indicator 114

Key Performance Indicator Cost-Benefit KPI Software 114

CIO Business Intelligence

APRIL 18, 2024

A new breed of AI assistant has set its sights on the enterprise user in recent months, with Microsoft and other vendors promising huge productivity gains that offset the cost. Its Copilot for Microsoft 365, a high-profile offering among the growing list of AI agents, costs $30 per seat per month, with a 300-seat minimum. No,” he says.

Cost-Benefit 139

Cost-Benefit ROI Sales Enterprise 139

CIO Business Intelligence

AUGUST 15, 2024

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. Gen AI projects can cost millions of dollars to implement and incur huge ongoing costs, Gartner notes. For example, a gen AI virtual assistant can cost $5 million to $6.5

ROI 142

ROI Cost-Benefit Experimentation Deep Learning 142

CIO Business Intelligence

JANUARY 11, 2024

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. We have to make sure everyone understands what they are doing, why they are doing it, and — most importantly — how success will be measured.”

IT 131

IT Uncertainty Cost-Benefit Strategy 131

CIO Business Intelligence

SEPTEMBER 12, 2024

While his statement long predates the incredible generative AI explosion of 2023, his point is even more relevant in the case of free online generative AI tools. If the code isn’t appropriately tested and validated, the software in which it’s embedded may be unstable or error-prone, presenting long-term maintenance issues and costs.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

CIO Business Intelligence

MAY 30, 2024

One of our key directives was to audit procurement for all state agencies by the end of the calendar year 2023,” McIntosh says. “To The demand is coming from companies [that] have been told by strategy firms that they must cut costs to preserve margins. ALPI) is also benefiting from process mining. 31 deadline.”

IT 140

IT Cost-Benefit Key Performance Indicator Dashboards 140

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. These objectives should be broken down into measurable analytical goals, and the chosen tool should be able to meet those goals.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

CIO Business Intelligence

NOVEMBER 17, 2023

Managed service provider business model Managed service providers structure their business to offer technology services cheaper than what it would cost an enterprise to perform the work itself, at a higher level of quality, and with more flexibility and scalability.

Management 130

Management IT IoT Cost-Benefit 130

CIO Business Intelligence

JULY 24, 2024

In fact, by 2027, more than 50% of the GenAI models used by large businesses are predicted to be designed specifically for focused industry or business process functions – up from about 1% in 2023, according to Gartner. By focusing and training our models based on that specific goal, we were able to quickly drive measurable value.

Modeling 75

Modeling Insurance Cost-Benefit Unstructured Data 75

CIO Business Intelligence

FEBRUARY 27, 2024

Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024. The resulting infrastructure of choice — a combination of on-premises and hybrid-cloud platforms — will aim to reduce cost overruns, contain cloud chaos, and ensure adequate funding for generative AI projects.

Strategy 144

Strategy Cost-Benefit Data Processing Data-driven 144

CIO Business Intelligence

JANUARY 4, 2023

billion, with up to $1 billion of those costs being shouldered by the company in the fourth quarter of 2023. Salesforce said these costs consist of up to $1.4 In a filing with the Securities and Exchange Commission on Wednesday, the company disclosed that its restructuring plan calls for the company to incur charges between $1.4

IT 111

IT Cost-Benefit Insurance Measurement 111

Timo Elliott

FEBRUARY 8, 2023

ActoVent in Germany is a great example of this trend, and has explained the technical and business opportunities in their entry to the SAP Innovation Awards 2023. This has helped guarantee high quality air while reducing energy costs by more than 20% — with further cost cutting opportunities expected in the future.

Modeling 98

Modeling Cost-Benefit Optimization Machine Learning 98

CIO Business Intelligence

NOVEMBER 14, 2023

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Cloud costs will often — and rapidly — become large line items on budgets. Cloud costs will often — and rapidly — become large line items on budgets. Are we taking advantage of cloud-native benefits?

Strategy 144

Strategy Cost-Benefit IT Key Performance Indicator 144

CIO Business Intelligence

AUGUST 13, 2024

Indeed, according to the 2023 survey (September 2023), 71.1% Here are some key hurdles and strategies to overcome them: Foster an automation culture by involving employees early and showcasing benefits. The IDC CIO Sentiment Survey has consistently shown automation climbing the priority list since 2020.

Data-driven 123

Data-driven Metrics Optimization Deep Learning 123

CIO Business Intelligence

SEPTEMBER 25, 2023

According to TEKsystems’ 2023 State of Digital Transformation , 41% of organizations’ digital transformation (DX) initiatives have failed to achieve their desired outcomes. Infosys’ Digital Radar 2023 report found that only 5% of enterprises currently have or are implementing a live data approach. Adya says many executives answer no.

Digital Transformation 145

Digital Transformation Measurement Data-driven Metrics 145

CIO Business Intelligence

JULY 6, 2023

One thing is for sure – meeting ESG goals can drive value if it can be done consistently, with automation and minimal costs. Automation, integration and consistency make it flow By the end of 2023, companies in Germany with more than 3,000 employees must have implemented the due diligence obligations under SCDDA.

Cost-Benefit 84

Cost-Benefit Risk Digital Transformation Risk Management 84

CIO Business Intelligence

FEBRUARY 27, 2023

Since then, Barioni has taken control of the situation, putting into action a multi-year plan to move over half of Reale Group’s core applications and services to just two public clouds in a quest for cost optimization and innovation. Only 2% had a single cloud provider. Why build a multicloud infrastructure?

Cost-Benefit 143

Cost-Benefit Insurance Optimization Enterprise 143

IBM Big Data Hub

MAY 28, 2024

A data protection strategy is a set of measures and processes to safeguard an organization’s sensitive information from data loss and corruption. According to IBM’s Cost of a Data Breach , the global average cost to remediate a data breach in 2023 was USD 4.45 What is a data protection strategy?

Strategy 81

Strategy Measurement Risk Cost-Benefit 81

IBM Big Data Hub

MAY 31, 2024

Driving innovation for tax agencies with trust in mind Tax or revenue management agencies are a part of the public sector that might likely benefit from the use of responsible AI tools. The use of these AI assistants also helps streamline fast, accurate answers that deliver elevated experiences with measurable cost savings.

Cost-Benefit 98

Cost-Benefit Risk Risk Management Reporting 98

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

NOVEMBER 10, 2022

This decision (layoffs) was based on cost-reduction initiatives intended to reduce operating expenses and sharpen Zendesk’s focus on key growth priorities,” the company wrote in the SEC filing. Out of the total estimated cost, the company expects to incur $8 million in the fourth quarter of 2022.

Cost-Benefit 98

Cost-Benefit Insurance Software Finance 98

CIO Business Intelligence

AUGUST 14, 2024

Microsoft itself claims half of Fortune 500 companies use its Copilot tools and the number of daily users doubled in Q4 2023, although without saying how widely they’re deployed in those organizations. The cost of OpenAI is the same whether you buy it directly or through Azure. Although competitors have similar model gardens, at 13.8%

Enterprise 135

Enterprise Cost-Benefit Experimentation Modeling 135

CIO Business Intelligence

APRIL 28, 2022

According to a Deloitte report , 73% of respondents said their organizations have embarked on a path to intelligent automation and they predict that robotic process automation (RPA) will reach almost universal adoption sometime in 2023. Understand the cost. How much labor will be saved with the implementation of automation?

Cost-Benefit 93

Cost-Benefit Insurance Metrics Software 93

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? Gartner attempted to list every metric under the sun in their recent report , “T oolkit: Delivery Metrics for DataOps, Self-Service Analytics, ModelOps, and MLOps, ” published February 7, 2023. Under Velocity, the Mean Time to Deliver Data metric measures the time it takes to deliver data.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

CIO Business Intelligence

SEPTEMBER 13, 2023

Indeed, 50% of C-suite execs surveyed for a 2023 report on digital transformation from fintech company Broadridge admitted they struggle to balance innovation with daily tasks. Failing to tie innovation to business value If innovation is happening on the company’s dime, company heads want to know how it could benefit them.

IT 136

IT Digital Transformation Risk Cost-Benefit 136

IBM Big Data Hub

APRIL 4, 2024

In a report from Technavio (link resides outside ibm.com), the private cloud services market size is estimated to grow at a CAGR of 26.71% between 2023 and 2028, and it is forecast to increase by USD 619.08 Private cloud combines the main benefits of cloud computing—chiefly on-demand access to computing resources (e.g.,

Data Processing 91

Data Processing Cost-Benefit Software Digital Transformation 91