CIO Business Intelligence

NOVEMBER 1, 2024

One of the firm’s recent reports, “Political Risks of 2024,” for instance, highlights AI’s capacity for misinformation and disinformation in electoral politics, something every client must weather to navigate their business through uncertainty, especially given the possibility of “electoral violence.”

IT 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

DECEMBER 18, 2023

As we approach the year 2024, Jyoti Lalchandani discusses with CIO Middle East 2024’s top tech trends and future CIO challenges. What do you forecast to be 2024’s top tech trends or emerging topics in the Middle East and what’s driving these trends? How can CIOs benefit from these new regions in 2024?

Cost-Benefit 110

Cost-Benefit Risk Strategy Manufacturing 110

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

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

MAY 8, 2024

According to a recent forecast by Grand View Research, the global serverless computing market is expected to reach a staggering $21.4 This approach offers several benefits, including scalability, cost-efficiency, and reduced maintenance overhead, as the cloud provider handles the infrastructure management and scaling.

Data Integration 102

Data Integration IoT Cost-Benefit Machine Learning 102

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.

Insurance 111

Insurance IT Cost-Benefit Unstructured Data 111

CIO Business Intelligence

JULY 10, 2024

As organizations worldwide prepare to spend over $40 billion in core IT (technology budgeted and overseen by central IT) on GenAI in 2024 (per IDC’s Worldwide Core IT Spending for GenAI Forecast, 2023-2027 , January 2024), there’s an urgent need to manage the risks associated with these investments.

Risk 111

Risk Strategy Consulting Cost-Benefit 111

CIO Business Intelligence

MARCH 19, 2025

Similarly, Deloittes 2024 CxO Survey highlights that while CDOs prioritize AI and business efficiency, sustainability remains a secondary focus. While energy savings and waste reduction efforts may provide tangible cost benefits, the long-term reputational and regulatory advantages of ESG alignment are harder to measure.

IT 59

IT Data Governance Data-driven Metrics 59

David Menninger's Analyst Perspectives

OCTOBER 29, 2024

Finally, the third group is very clearly aimed at reducing the time-costing burden of after-call work, supervisor evaluation, shift trading and agent self-management. When we look at the way AI has been rolled out in contact center tools and platforms, we see an increasing focus on identifying the immediate benefits and return on investment.

Key Performance Indicator 130

Key Performance Indicator Cost-Benefit Interactive Measurement 130

CIO Business Intelligence

MARCH 21, 2022

Way back in 1999, his team did a cost-benefit analysis of the free shipping model, which is arguably one of the key drivers of Amazon’s stupendous growth. Research by DataRails showed that inefficient data processes and dysfunctional financial reporting costs US businesses a staggering $7.8 Inaccurate forecasts.

Data-driven 116

Data-driven IT Finance Forecasting 116

CIO Business Intelligence

JUNE 12, 2024

For some organizations, shifting to the cloud has been a relatively quick race toward highly publicized benefits, such as scalability. The migration of approved workloads and applications to the cloud is set to be completed by October 2024 and has thus far been completed without any business disruption, he says. “I

Digital Transformation 116

Digital Transformation Cost-Benefit Forecasting Metrics 116

CIO Business Intelligence

SEPTEMBER 12, 2024

Called “Copilot Actions” when released, these were a library of preprogrammed capabilities to help sellers benefit from conversational AI in Sales Cloud. The cost of the using the service starts at $2 per conversation, though the company said standard volume discounts may apply.

Sales 143

Sales Enterprise Optimization Cost-Benefit 143

CIO Business Intelligence

OCTOBER 24, 2024

In February 2024, Bjorn Jesch, CIO at German asset management and investment firm DWS , posted a video of his own AI-built avatar providing a glimpse of how he saw the market developing in the near- to mid-term. And the business benefit, of course, resulted from a timely deliverable.

Cost-Benefit 131

Cost-Benefit Data-driven Enterprise Software 131

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 97

Cost-Benefit Statistics Data Processing Forecasting 97

CIO Business Intelligence

SEPTEMBER 10, 2024

billion in 2024 and is forecast to reach nearly $300 billion in 2025, according to Gartner. Many SaaS solutions have some capabilities for backing up customer data, but its primary purpose is not for the direct benefit of the client to restore data from customer-related or -inflicted issues.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

IBM Big Data Hub

SEPTEMBER 19, 2023

This has potential for helping reduce churn, improve revenue-per-user and lower the cost of subscriber acquisition. Through live data analysis and predictive forecasting, AI tools can help employees working in network operations centers and network engineers to mitigate congestion and downtime.

Cost-Benefit 108

Cost-Benefit Optimization Interactive Enterprise 108

Smart Data Collective

JUNE 15, 2022

trillion in 2024, up from roughly $5.47 Following is a detailed look at some of the benefits of taking a data-driven approach in a retail business. Retailers of all sizes may benefit from current analytics systems’ capacity to take enormous volumes of data and provide relevant insights. Forecast customer behavior.

Advertising 111

Advertising Sales Cost-Benefit ROI 111

CIO Business Intelligence

JULY 31, 2023

Aim to define three to five objectives that together envelop projects proposed for 2024, ongoing and new. How much will it cost? Borrow revenue projections from FP&A, then layer in projected IT run-rate spend, IT project spend for each year in the forecast, and summarize total IT spend as a percentage of revenue.

Strategy 98

Strategy IT Cost-Benefit Finance 98

FineReport

APRIL 9, 2024

Evolving BI Tools in 2024 Significance of Business Intelligence In 2024, the role of business intelligence software tools is more crucial than ever, with businesses increasingly relying on data analysis for informed decision-making.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

IBM Big Data Hub

FEBRUARY 6, 2024

A prime benefit of cloud computing for business is its flexibility for quickly and efficiently scaling resources to meet business demands, freeing organizations from investing time and expense into expanding their own physical IT infrastructure. Automation Automation tools are a significant feature of cloud-based infrastructure.

Cost-Benefit 98

Cost-Benefit Digital Transformation Software Internet of Things 98

CIO Business Intelligence

JULY 11, 2022

According to a recent study published by Dell’Oro Group, the worldwide sales of SD-WAN technologies are forecasted to grow at double-digit rates over each of the next five years to surpass $3.2 billion in 2024.

Risk 98

Risk Cost-Benefit Enterprise Optimization 98

CIO Business Intelligence

AUGUST 7, 2023

IDC forecasts the growth rate of enterprise applications software sales will pick up in 2024, and remain steady through 2027, despite a dip this year as a result of CIOs continuing to pull back on spending due to economic headwinds. this year, before picking up again in 2024 and averaging 9.6% Software sales grew 9.8%

Sales 52

Sales Enterprise Cost-Benefit Forecasting 52

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. billion in 2024, up from $563.6 Uncontrolled costs: More clouds and cloud services translate into more cloud bills.

Strategy 91

Strategy Cost-Benefit Risk Optimization 91

Jedox

NOVEMBER 17, 2022

By the same time, 30% of planning applications will be made based on their advanced Extended Planning & Analysis (xP&A) capabilities and the same percentage of organizations will be using AI in combination with their financial management solutions by 2024 as well. Skill #2: Embracing increased collaboration.

Finance 77

Finance Cost-Benefit Forecasting Reporting 77

Jen Stirrup

FEBRUARY 24, 2024

Artificial Intelligence revolutionizes large and small businesses with automation, data analysis, and improved customer experiences, offering cost savings and a competitive edge. Artificial Intelligence is transforming industries and everyday lives, but how can it benefit small businesses? What is AI?

Cost-Benefit 72

Cost-Benefit Data-driven Testing Sales 72

Jet Global

MAY 31, 2023

Pillar Two requirements, improving financial planning with consistent, correct tax payments and reliable tax forecasting. Inconsistent data integrity leads to errors in tax reporting and forecasting, which can result in enormous financial and legal costs for organizations. Pillar Two offering can help immediately.”

Finance 59

Finance Forecasting Reporting Cost-Benefit 59

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. For example, predictive analytics can be used to forecast demand and optimize inventory levels, while blockchain technology can enhance transparency and traceability in the supply chain.

Cost-Benefit 57

Cost-Benefit Finance Optimization Key Performance Indicator 57

AWS Big Data

APRIL 2, 2024

In March 2024, we announced the general availability of the generative artificial intelligence (AI) generated data descriptions in Amazon DataZone. For instance, a dataset designated for testing might mistakenly be used for financial forecasting, resulting in poor predictions.

Metadata 102

Metadata Metrics Data-driven Contextual Data 102

IBM Big Data Hub

JUNE 10, 2024

Projections by the US Census Bureau list the 2024 global population at around 8 billion people. Healthcare Nearly every type of industry benefits because of the fast speeds CPUs achieve, but none as importantly as healthcare, where lives literally hang in the balance and timing is a critical concern. There are approximately 7.8

Manufacturing 64

Manufacturing Forecasting Data-driven Internet of Things 64

FineReport

APRIL 9, 2024

Benefits of Healthcare Business Intelligence Tools Improved Decision-Making: Healthcare BI tools enable informed decision-making by providing real-time data analysis and predictive insights. Optimized Operational Efficiency: These tools streamline processes and resource allocation, leading to cost savings and improved resource utilization.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

CIO Business Intelligence

JANUARY 12, 2024

From market shifts to IT strategies, here are the hot CRM trends for 2024. Industry CRMs heed the call The increased verticalization of CRM is a key trend for 2024, says Forrester’s Leggett. This enables organizations to get up and running quicky and to realize the benefits quickly, says Leggett. “It

Sales 128

Sales Marketing Data-driven Interactive 128

Jet Global

JUNE 17, 2024

Cash flow projections (also known as cash flow forecasting ) is the process of estimating and predicting the cash inflows, cash outflows, and cash balance a business can expect over a specific period of time, typically in the short- to medium-term.

Forecasting 52

Forecasting Finance Sales Cost-Benefit 52

Jet Global

DECEMBER 12, 2024

2024 has been an exciting year in the world of embedded analytics and business intelligence. Here, we share our embedded analytics highlights from 2024. Self service allows for a variety of benefits such as improved decision-making, simplified data understanding, and increased efficiency.

Analytics 52

Analytics Reporting Dashboards Business Intelligence 52

Jet Global

MARCH 23, 2024

Your KPIs should be a mix of: Leading and lagging metrics : Ensure that you have both predictive (leading) and corrective (lagging) measures to forecast and report performance, respectively. Personnel and admin cost ratio : This government KPI is the ratio of personnel and admin cost to the operating cost of the public entity.

Reporting 52

Reporting KPI Metrics Measurement 52

Jet Global

NOVEMBER 25, 2024

If the operating theme for finance teams in 2024 was “automate workflows and optimize costs to drive value,” then the operating theme for 2025 is shaping up to be, “stay the course.” The enhancements will come with a price increase, but the added cost will be worth it. Inflation may be receding slowly, but it is receding.

Reporting 52

Reporting Finance Dashboards Cost-Benefit 52

Jet Global

JANUARY 14, 2025

2025 is forecast to be as impactful as any of the last few years, with continuing advancements in financial and business reporting technology promising to help organizations enhance their operational efficiency and effectiveness. Let’s delve into the biggest financial reporting trends that we expect to define the year.

Finance 52

Finance Reporting Cost-Benefit Software 52

Jet Global

MARCH 4, 2024

The CSRD and the ESRS will be implemented in 4 stages, the first of which will enter into force in 2025 and will apply to the financial year 2024. Phase Effective Date Scope Reporting Requirement Deadline 1 January 1, 2024 Companies subject to the NFRD, including large non-EU companies (>500 employees) listed in the EU.

Reporting 52

Reporting Management Cost-Benefit Publishing 52