David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

Infor’s Embedded Experiences allows users to create first drafts of text for specific business purposes and summarize insights as well as quickly analyze and interact with data. The main shortcoming I found in the software is that it does not take costs into account in its optimizing routines, but I expect that will be added shortly.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

Rocket-Powered Data Science

MAY 21, 2024

To see this, look no further than Pure Storage , whose core mission is to “ empower innovators by simplifying how people consume and interact with data.” Pure Storage’s Announcements at GTC 2024 The preceding examples are industry-leading and exemplary, and yet there’s still more.

Cost-Benefit 239

Cost-Benefit Unstructured Data Enterprise Technology 239

CIO Business Intelligence

DECEMBER 10, 2024

Bogdan Raduta, head of AI at FlowX.AI, says, Gen AI holds big potential for efficiency, insight, and innovation, but its also absolutely important to pinpoint and measure its true benefits. That gives CIOs breathing room, but not unlimited tether, to prove the value of their gen AI investments.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

DECEMBER 30, 2024

According to a Bank of America survey of global research analysts and strategists released in September, 2024 was the year of ROI determination, and 2025 will be the year of enterprise AI adoption. Anshu Bhardwaj, SVP and COO at Walmart Global Technology says that consumers arent the only ones who stand to benefit from mobile AI.

Software 141

Software ROI Modeling Interactive 141

AWS Big Data

MARCH 13, 2025

At AWS re:Invent 2024, we announced the next generation of Amazon SageMaker , the center for all your data, analytics, and AI. In this post, we explore the benefits of SageMaker Unified Studio and how to get started. We are excited to announce the general availability of SageMaker Unified Studio.

Analytics 114

Analytics Data Lake Data Warehouse Data-driven 114

AWS Big Data

MAY 31, 2024

We’re thrilled to announce that AWS has been named a Leader in the IDC MarketScape: Worldwide Analytic Stream Processing Software 2024 Vendor Assessment (doc #US51053123, March 2024). There are no servers and clusters to manage, and there is no compute and storage infrastructure to set up. You pay only for the resources you use.

Software 111

Software Analytics Cost-Benefit Data-driven 111

datapine

NOVEMBER 27, 2019

Spreadsheets finally took a backseat to actionable and insightful data visualizations and interactive business dashboards. According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. Over the past decade, business intelligence has been revolutionized.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

AWS Big Data

NOVEMBER 26, 2024

Moreover, they can be combined to benefit from individual strengths. In later pipeline stages, data is converted to Iceberg, to benefit from its read performance. Traditionally, this conversion required time-consuming rewrites of data files, resulting in data duplication, higher storage, and increased compute costs.

Metadata 105

Metadata Data Lake Snapshot Data Warehouse 105

CIO Business Intelligence

FEBRUARY 12, 2024

On one hand, 76% of IT leaders agree that genAI will be significant if not transformative in boosting productivity, streamlining processes and reducing costs for their organizations, according to a Dell survey. Even as organizations plan to boost spending on genAI in 2024. 3 Accenture 2024: Pulse of Change Index, Accenture, Jan.

IT 137

IT Consulting Cost-Benefit Uncertainty 137

David Menninger's Analyst Perspectives

NOVEMBER 5, 2024

We have seen tremendous innovation and expansion of the available technologies for running centers and optimizing the performance of the human labor pool, as well as an explosion of tools built to automate customer interactions. In Verint’s telling, this sequence could significantly reduce average call duration.

ROI 130

ROI Interactive Software Measurement 130

David Menninger's Analyst Perspectives

OCTOBER 29, 2024

For example, chatbots and virtual assistants that raise the containment rate affect the content and quantity of interactions that ultimately reach agents, changing the nature of the skills they need and the key performance indicators that measure success.

Key Performance Indicator 130

Key Performance Indicator Cost-Benefit Interactive Measurement 130

CIO Business Intelligence

JULY 1, 2024

1 IDC’s Tom Mainelli, group vice president, Devices and Consumer Research, says: “Promises around enhanced user productivity via faster performance, plus lower inferencing costs, and the benefit of on-device privacy and security, have driven strong IT decision-maker interest in AI PCs. Content-based and storage limitations apply.

Cost-Benefit 110

Cost-Benefit Manufacturing Optimization Interactive 110

CIO Business Intelligence

SEPTEMBER 26, 2024

Called “FioriDAST,” the in-house project uses advanced automation to scan the company’s web-based applications while they are running and mimic the interactions of both end-users and attackers. With FioriDAST, we’re setting a new standard for application security with SAP,” says Vladislav Dexheimer, SAP Architect Expert. “We

Cost-Benefit 110

Cost-Benefit Testing Interactive Machine Learning 110

CIO Business Intelligence

MARCH 5, 2024

That’s one of the main themes from IDC’s recent predictions report, “IDC FutureScape: Worldwide Artificial Intelligence and Automation 2024 Top 10 Predictions”. But that’s about to change, said Fleming, as executive leadership seeks to understand how AI and automation benefit the bottom line. It’s time to get to business.

Key Performance Indicator 116

Key Performance Indicator Cost-Benefit KPI Software 116

CIO Business Intelligence

APRIL 10, 2024

Yet the calculus may not be so simple when one considers the costs to operate there as well as the fact that GenAI systems sometimes produce outputs that even data engineers, data scientists, and other data-obsessed individuals struggle to understand. Cost concerns aren’t the only reason to conduct inferencing on premises.

Cost-Benefit 135

Cost-Benefit Modeling Strategy Interactive 135

CIO Business Intelligence

MAY 8, 2024

AI-powered data integration solutions are particularly effective in handling complex, unstructured data sources, such as social media feeds, sensor data, and customer interactions. Their AI engine can automatically learn data structures and relationships, simplifying the integration process and minimising the need for manual configuration.

Data Integration 102

Data Integration IoT Cost-Benefit Machine Learning 102

CIO Business Intelligence

SEPTEMBER 24, 2024

“A typical candidate for the CAIO role is someone with a proven track record of leading successful innovation programs and with a clear understanding of AI,” says David Weldon, adjunct research advisor with IDC’s Executive Programs (IEP) in IDC PlanScape: Chief AI Officer Role (May 2024).

IT 130

IT Insurance Cost-Benefit Risk 130

CIO Business Intelligence

AUGUST 8, 2024

Gen AI offers many opportunities to spend too much and get too little in return when, instead, companies can use their gen AI budgets more strategically, allowing them to reap more benefits from investments and pull ahead of their competitors. Last year, only 3% of respondents said that gen AI implementation cost was a concern.

Cost-Benefit 140

Cost-Benefit Modeling Consulting Enterprise 140

CIO Business Intelligence

SEPTEMBER 13, 2024

The key objective was to accelerate our delivery time, increase accuracy, optimize costs, and reduce the touch process.” Hari Jayaram, CVP and CIO, Applied Materials Hari Jayaram / Applied Materials The benefits of modernization But it was no easy task. That’s the magnanimity of this particular project.”

Manufacturing 123

Manufacturing Cost-Benefit Testing Interactive 123

CIO Business Intelligence

SEPTEMBER 18, 2024

Two thirds of the CX practitioners, service leaders, analysts, and consultants from around the world who took part in CX Network’s Global State of CX 2024 agreed or strongly agreed they’re increasingly concerned about the ethical use of AI and its future development.

Interactive 128

Interactive Cost-Benefit Measurement Testing 128

CIO Business Intelligence

AUGUST 28, 2024

In addition, he said, “it is more accurate in errand resolution, leading to a 25% drop in repeat inquiries, it’s available in 23 markets, 24/7, and communicates in more than 35 languages (and) it’s estimated to drive a $40 million profit improvement to Klarna in 2024.”

Testing 115

Testing Cost-Benefit Reporting Marketing 115

CIO Business Intelligence

DECEMBER 19, 2023

This is aligned with research firm Gartner’s predictions that the software and IT services segments will both see double-digit growth in 2024, largely driven by cloud spending. Cloud service providers (CSPs) like Microsoft, Amazon, and Google are pouring billions to revolutionize how customers interact with their data.

ROI 111

ROI Cost-Benefit Data-driven Enterprise 111

CIO Business Intelligence

APRIL 11, 2024

Far from just gimmicks, these use cases will usher in a new era of smart stores that boost customer experience while increasing staff efficiency to drive down costs. The result is fewer mistakes, lower costs, happier customers, and less stressed employees. RFID tags have been around for decades and now cost just pennies.

Cost-Benefit 124

Cost-Benefit Technology Sales Visualization 124

IBM Big Data Hub

SEPTEMBER 19, 2023

Infusing generative AI into these interactions helps support the shift to more proactive care that has the potential to improve customer satisfaction and unlock new revenue streams. Chatbot technology can also be applied to phone interactions, driving additional refinement to the customer care process.

Cost-Benefit 108

Cost-Benefit Optimization Interactive Enterprise 108

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. An investment in the tools and infrastructure to combat such threats is likely to occur in 2024.

Insurance 48

Insurance Risk Management Cost-Benefit Risk 48

FineReport

APRIL 21, 2024

Industries benefit significantly from embedded analytics, driving operational efficiency and deeper customer understanding. Limited Interactivity Even after overcoming logistical and analytical hurdles to deploy embedded dashboards, the challenges persist. What Are the Main Benefits of Embedded BI Tools?

Dashboards 52

Dashboards Visualization Interactive Business Intelligence 52

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

CIO Business Intelligence

MAY 30, 2024

According to Forrester’s 2024 predictions, 60% of skeptics will overcome their gen AI doubts by the end of the year and appreciate it for its uses in conversational assistants, and its ability to translate and synthesize content. On the cost side, however, he didn’t have to ask to buy more GPUs, because it adopted AI as-a-service.

Cost-Benefit 119

Cost-Benefit Sales Modeling Experimentation 119

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. trillion in 2019?

Advertising 111

Advertising Sales Cost-Benefit ROI 111

CIO Business Intelligence

JUNE 6, 2024

The overhype of generative AI was unavoidable last year, yet despite all the distraction, unproven benefits, and potential pitfalls, Dana-Farber Cancer Institute CIO Naomi Lenane didn’t want to ban the technology outright. There’s also a Dana-Farber front end, so employees aren’t interacting with the OpenAI chatbot directly.

Cost-Benefit 131

Cost-Benefit Software Testing Interactive 131

FineReport

MARCH 31, 2024

In 2024, business intelligence (BI) software has undergone significant advancements, revolutionizing data management and decision-making processes. These tools offer a host of invaluable benefits: Centralized Data: Best BI tools consolidate data from diverse sources, providing a unified and comprehensive view of organizational operations.

Dashboards 52

Dashboards Visualization Data mining Data-driven 52

CIO Business Intelligence

JANUARY 16, 2024

Consequently, one of the CIO’s top priorities for 2024 is discovering and uncovering the added value human workers can concretely achieve using LLMs — and much of this remains unknown. More benefit may come from a process or technology improvement instead of broad application of AI to ‘fix’ problems,” he says.

Cost-Benefit 130

Cost-Benefit Unstructured Data Enterprise Technology 130

Jen Stirrup

MAY 22, 2024

In this blog post about Microsoft Build 2024, I will focus on AI Search and RAG modelling. The Microsoft Build Conference, which will take place from May 21 to 23, 2024 , is a platform for Microsoft to unveil a range of innovations and announcements. RAG use case example Let’s take a look at a use case.

Cost-Benefit 45

Cost-Benefit Risk Modeling Business Objectives 45

AWS Big Data

AUGUST 20, 2024

When you use Amazon OpenSearch Service for time-bound data like server logs, service logs, application logs, clickstreams, or event streams, storage cost is one of the primary drivers for the overall cost of your solution. Carefully examine your requirements for latency, durability, availability, and cost.

Cost-Benefit 113

Cost-Benefit Optimization Manufacturing Management 113

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

IBM Big Data Hub

FEBRUARY 26, 2024

With this expanded observability, incidents can be prevented in the design phase or identified in the implementation and testing phase to reduce maintenance costs and achieve higher productivity. Efficient cloud migrations McKinsey predicts that $8 out of every $10 for IT hosting will go toward the cloud by 2024. Don’t wait.

Cost-Benefit 90

Cost-Benefit Metadata Data Governance Reporting 90

CIO Business Intelligence

MARCH 15, 2022

According to Gartner analyst Svetlana Sicular, by 2024, 60% of the data used for the development of AI and analytics solutions will be synthetically generated, up from 1% in 2021. Synthetic data can also lower costs when collecting or buying real-world data is prohibitively expensive. Synthetic data use cases.

Strategy 145

Strategy Testing Sales Modeling 145