CIO Business Intelligence

MARCH 4, 2025

From AI models that boost sales to robots that slash production costs, advanced technologies are transforming both top-line growth and bottom-line efficiency. An IDC study found that usage of generative AI jumped from 55% of surveyed companies in 2023 to 75% in 2024. Crucially, the time and cost to implement AI have fallen.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

CIO Business Intelligence

OCTOBER 22, 2024

Organizations that deploy AI to eliminate middle management human workers will be able to capitalize on reduced labor costs in the short-term and long-term benefits savings,” Gartner stated. “AI By 2028, 40% of large enterprises will deploy AI to manipulate and measure employee mood and behaviors, all in the name of profit. “AI

Enterprise 135

Enterprise Risk IoT Cost-Benefit 135

CIO Business Intelligence

DECEMBER 19, 2024

Below, I recap my virtual event conversation with two IT leaders, who shared their first-hand experience of the benefits that BMC Helix solutions have delivered in respective use cases. They automated remediation and significantly improved MTTR and overall service quality.

IT 98

IT Insurance Cost-Benefit Optimization 98

CIO Business Intelligence

JANUARY 11, 2024

To get back in front, IT leaders will have to transform lessons learned from 2023 into actionable, adaptable processes, as veteran technology pros have been remarkably consistent in identifying global and economic uncertainties as key challenges for IT leaders to anticipate in 2024 as well.

IT 133

IT Uncertainty Cost-Benefit Strategy 133

CIO Business Intelligence

MARCH 5, 2025

Top impacts of digital friction included: increased costs (41%)increased frustration while conducting work (34%) increased security risk (31%) decreased efficiency (30%) lack of data for quality decision-making (30%) are top impacts. AI-driven asset information management has the potential to generate even greater results.

Management 86

Management Data-driven Cost-Benefit Risk 86

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 109

Software Analytics Cost-Benefit Data-driven 109

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 338

Advertising Cost-Benefit Marketing Risk 338

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.

ROI 141

ROI Software Modeling Interactive 141

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. Complexity of measuring ROI : Unlike traditional business metrics, sustainability initiatives are often difficult to quantify in direct financial terms.

IT 59

IT Data Governance Data-driven Metrics 59

IBM Big Data Hub

FEBRUARY 7, 2024

In 2024, sustainability is taking center stage. These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. trillion in economic benefits by 2030. trillion to the global economy by 2050.

Reporting 88

Reporting Internet of Things Cost-Benefit Data-driven 88

CIO Business Intelligence

JANUARY 22, 2024

Remote work began as a temporary measure during the pandemic but has long been a permanent fixture in our new way of working. McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

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

JULY 2, 2024

CIOs face the daunting challenge of driving innovation while managing costs and ensuring practical implementation in a rapidly advancing digital landscape. This article presents essential strategies for CIOs to strike the optimal balance among innovation, value, cost, and practicality in tech investments.

Technology 111

Technology Cost-Benefit Digital Transformation Optimization 111

David Menninger's Analyst Perspectives

OCTOBER 29, 2024

And apps related to measuring quality, coaching, training and other in-center actions. 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

MAY 29, 2024

By moving to RISE with SAP, Accenture was able to simplify its IT landscape, reduce its total cost of ownership, and gain access to the latest innovations and best practices from SAP. Beyond that, re-solutioning legacy custom code to leverage extensibility has provided its own benefits.

Cost-Benefit 126

Cost-Benefit Finance Strategy Risk 126

CIO Business Intelligence

MAY 8, 2024

This approach offers several benefits, including scalability, cost-efficiency, and reduced maintenance overhead, as the cloud provider handles the infrastructure management and scaling. Ensure the DIaaS platform employs robust security measures like rest and transit encryption, access controls, and regular security audits.

Data Integration 102

Data Integration IoT Cost-Benefit Machine Learning 102

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

AUGUST 27, 2024

The strategy unfolded through careful planning, leveraging technology to enhance the taxpayer experience and ensuring robust cybersecurity measures. IDC, 2024 Implement these phases: Inventory: Maintain an up-to-date application inventory and set objectives. Now, let’s delve into the concrete steps and strategies.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

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 The company said it expects to complete most of the employee restructuring plan by the end of fiscal year 2024, and to finish its real-estate restructuring in fiscal 2026.

IT 115

IT Cost-Benefit Insurance Measurement 115

David Menninger's Analyst Perspectives

NOVEMBER 5, 2024

At that early stage, Verint’s approach was to identify specific use cases that could benefit from AI-based automation, and incrementally developed bots as a definitive solution to those problems. Agent management in 2024 is more focused on analytics and automation than on enabling shift trading or optimized scheduling.

ROI 130

ROI Interactive Software Measurement 130

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

AUGUST 13, 2024

Here are some key hurdles and strategies to overcome them: Foster an automation culture by involving employees early and showcasing benefits. Apply business-centric thinking: Manage deep automation as a business transformation, prioritizing agility and resilience over mere cost optimization.

Data-driven 130

Data-driven Metrics Optimization Machine Learning 130

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 1, 2024

Looking ahead to the next 12-18 months, two top priorities emerge for IT leaders: developing a strong business case for AI infrastructure spending (cited by 35% of respondents to IDC’s Future Enterprise Resiliency and Spending Survey, Wave 3 , March 2024) and increasing cyber resilience and security (34%).

Cost-Benefit 98

Cost-Benefit Measurement Data-driven Marketing 98

CIO Business Intelligence

JUNE 3, 2024

However, amidst the allure of newfound technology lies a profound duality—the stark contrast between the benefits of AI-driven software development and the formidable security risks it introduces. AI-powered applications are vast and varied, but with them also comes significant risk.

Testing 124

Testing Risk Data-driven Cost-Benefit 124

CIO Business Intelligence

JULY 30, 2024

IDC’s Worldwide Sustainability predictions suggest that in 2024 some 35% of organizations will generate sustainability benefits, using AI to generate sustainability-driven cost benefits and competitive advantages. Partnership experts suggest that 50% of business partnerships fail.

Strategy 105

Strategy Scorecard Measurement Cost-Benefit 105

CIO Business Intelligence

SEPTEMBER 25, 2024

It can measure the materials used, how measurements change over time, and how materials influence tax and sustainability KPIs. The solution gives the family business deeper insights through a lifecycle view of costs along with the environmental impacts of design choices.

Cost-Benefit 120

Cost-Benefit Measurement Software Optimization 120

CIO Business Intelligence

SEPTEMBER 26, 2024

As a result, SAP is always evolving its security measures to stay ahead of cyber threats. More secure applications benefit the whole company Since its deployment in July of 2022, the FioriDAST project has improved the company’s overall security posture.

Cost-Benefit 110

Cost-Benefit Testing Interactive Machine Learning 110

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

MAY 30, 2024

To achieve that, we needed a cost-effective solution that could streamline workflows, provide a robust view of procurement processes in real-time, identify rogue spending, and enable us to audit all agencies by the Dec. The demand is coming from companies [that] have been told by strategy firms that they must cut costs to preserve margins.

IT 140

IT Cost-Benefit Key Performance Indicator Dashboards 140

CIO Business Intelligence

SEPTEMBER 19, 2024

But edge computing is unexplored territory for many and requires ongoing evaluation of performance and cost-effectiveness. According to IDC research, edge computing is growing worldwide at 15% annually and will reach $232 billion in 2024. Although edge implementations can cost more, eliminating latency can be worth the expense.

ROI 119

ROI Cost-Benefit IoT Digital Transformation 119

CIO Business Intelligence

MAY 13, 2024

“We know what we’re trying to achieve, because we know the business goals and objectives,” We want to grow substantially, and we want to do that with speed,” says Bilker, whose clarity on IT’s business objectives mirror the top directives CEOs are giving their CIOs, according to the 2024 State of the CIO Study from Foundry, publisher of CIO.com.

IT 131

IT Digital Transformation ROI Strategy 131

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

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. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 96

Cost-Benefit Risk Digital Transformation Risk Management 96

Jen Stirrup

OCTOBER 13, 2024

I attended Commvault SHIFT in London on 8th October 2024. Commvault SHIFT 2024 LondonKey Takeaways Moving to Cyber Resilience Companies often only consider data properly once there is an issue. Plus, we get the added benefit of having access to Commvault’s SaaS offerings with full support for both cloud and on-premises infrastructure.

Machine Learning 52

Machine Learning Strategy Risk Enterprise 52

DataRobot Blog

SEPTEMBER 1, 2022

The latest McKinsey Global Survey on AI proves that AI adoption continues to grow and that the benefits remain significant. But in the COVID-19 pandemic’s first year, many felt more strongly about the cost-savings front than the top line. At the same time, AI remains complex and out of reach for many.

Metrics 145

Metrics Statistics Modeling Data Science 145

CIO Business Intelligence

JULY 17, 2024

Pioneering digital leaders help organizations make the most out of emerging technologies, but to be successful, they must keep up with the fast pace of change and deliver the right solutions at the right time, and at the right cost. Innovation, in short, must come with a side order of business benefits.

Digital Transformation 132

Digital Transformation Technology Cost-Benefit Insurance 132