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. But this same data holds the key to increasing safety, improving project execution, and boosting uptime.

Management 86

Management Data-driven Cost-Benefit Risk 86

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 110

Management IT Cost-Benefit Metrics 110

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

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 Deep Learning 130

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. Here the DataRobot view shows that the Challenger beats the Champion on some metrics, but not all.

Metrics 145

Metrics Statistics Modeling Data Science 145

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. 9) Data Automation.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Jen Stirrup

FEBRUARY 23, 2024

Data observability is similar to observability in software engineering, which focuses on scanning and understanding the state of systems and applications through logs, metrics, and traces. In this blog post, we will explore the key trends that will shape the landscape of data observability in 2024.

Data-driven 75

Data-driven Data Governance Data Quality Cost-Benefit 75

AWS Big Data

SEPTEMBER 27, 2024

We have launched job worker metrics in Amazon CloudWatch for EMR Serverless. This feature allows you to monitor vCPUs, memory, ephemeral storage, and disk I/O allocation and usage metrics at an aggregate worker level for your Spark and Hive jobs. This post is part of a series about EMR Serverless observability.

Dashboards 106

Dashboards Metrics Testing Optimization 106

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

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

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

APRIL 22, 2024

As such, Scavuzzo and his team look for technologies that do way more than boost productivity or cut costs. Moreover, Scavuzzo saw an additional business benefit to such an approach, thanks to scale: Using anonymized data, Marcum could analyze and compare client performance and thereby provide better consulting advice to them.

IT 126

IT Data-driven Strategy Consulting 126

IBM Big Data Hub

MAY 17, 2024

Organizations face increased pressure to move to the cloud in a world of real-time metrics, microservices and APIs, all of which benefit from the flexibility and scalability of cloud computing. Most “lifted and shifted” apps can operate in a cloud environment but might not to reap the full benefits of cloud.

Modeling 96

Modeling Cost-Benefit Optimization Digital Transformation 96

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? Hint: Be ready to explain any increase in this metric. Remember, too, that not all objectives will link directly to commercial endeavors. Explain why certain projects were prioritized over others.

Strategy 98

Strategy IT Cost-Benefit Finance 98

AWS Big Data

DECEMBER 4, 2024

The company is looking for an efficient, scalable, and cost-effective solution to collecting and ingesting data from ServiceNow, ensuring continuous near real-time replication, automated availability of new data attributes, robust monitoring capabilities to track data load statistics, and reliable data lake foundation supporting data versioning.

Data Integration 97

Data Integration Data Lake Statistics Data-driven 97

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

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. Selecting the appropriate models and prompting strategies is a critical step in confirming the quality of the generated content, while also achieving low costs and low latencies.

Metadata 101

Metadata Metrics Data-driven Contextual Data 101

AWS Big Data

AUGUST 21, 2024

This post also includes example SQLs, which you can run on your own Redshift Serverless data warehouse to experience the benefits of this feature. By moving the slider, you can choose between optimized for cost, balanced performance and cost, or optimized for performance. Balanced – Offers balance between performance and cost.

Optimization 88

Optimization Data Lake Data Warehouse Cost-Benefit 88

AWS Big Data

SEPTEMBER 5, 2024

Built on the integration of Amazon Redshift and Aurora storage layers, zero-ETL boasts simple setup, data filtering, automated observability, auto-recovery, and integration with either Amazon Redshift provisioned clusters or Amazon Redshift Serverless workgroups.

IoT 106

IoT Data Warehouse Cost-Benefit Reporting 106

AWS Big Data

JANUARY 9, 2024

It similarly codes the query as a vector and then uses a distance metric to find nearby vectors in the multi-dimensional space to find matches. However, not all customers who have the opportunity to benefit from k-NN have adopted it, due to the significant engineering effort and resources required to do so.

Visualization 106

Visualization Cost-Benefit Modeling Machine Learning 106

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. Benefits: Improved efficiency Reduced cost Enhanced transparency Customer relationship management (CRM) BPR is a pivotal strategy for organizations that want to overhaul their customer relationship management (CRM) processes.

Cost-Benefit 57

Cost-Benefit Finance Optimization Key Performance Indicator 57

IBM Big Data Hub

DECEMBER 12, 2023

Unlocking the benefits of emissions management Emissions management is not only about tracking greenhouse gases; it also involves controlling and overseeing a wide range of emissions released into the atmosphere during industrial processes. An efficient, sustainable, and responsible enterprise reaps the benefits of a healthy culture.

Management 68

Management Cost-Benefit Optimization Strategy 68

IBM Big Data Hub

FEBRUARY 2, 2024

It often entails efforts like fair trade practices, investing in local economies, ensuring safe working conditions and adherence to ESG (Environmental, Social, and Governance) metrics. 2 Sustainability , United Nations, January 2024.

Optimization 85

Optimization Cost-Benefit Strategy Reporting 85

FineReport

APRIL 21, 2024

Why SaaS BI Tools Matter The Shift to Cloud-Based Data Analysis The global market for SaaS-based Business Intelligence is experiencing significant growth, driven by factors such as cost-effectiveness, scalability, and real-time data access.

Business Intelligence 52

Business Intelligence Visualization Dashboards Data-driven 52

FineReport

APRIL 3, 2024

Dashboards offer succinct overviews of performance metrics, catering to stakeholders requiring swift insights. Benefits of BI Dashboard Tools Business intelligence dashboards are now essential tools, making complex data accessible to non-technical users. Making complex data and analytics metrics understandable for non-analyst users.

Dashboards 52

Dashboards Visualization Metrics Interactive 52

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

Andrew White

JANUARY 9, 2022

Yet there is no inclusion in the conversation about the costs and issues related to the battery and materials used in the most expensive part of the EV. This is the same for scope, outcomes/metrics, practices, organization/roles, and technology. Internal would inherently impact the external with less cost to a company.

Analytics 64

Analytics Measurement Data-driven Modeling 64

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 334

Advertising Cost-Benefit Marketing Risk 334

CIO Business Intelligence

MARCH 18, 2024

billion in 2024 to $521.0 When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. To find promising use cases, Webster Bank canvassed several dozen proposals and decided to start with three that could deliver tangible benefits. billion on 2027.

Risk 133

Risk Cost-Benefit Data Processing Testing 133

Jet Global

MARCH 23, 2024

The constituents cannot hold their government responsible without having access to periodic reporting on key performance metrics. They indicate the expected level of performance by attaching a target to each metric. Cross-sectional metrics : Ensure that you have KPIs for every department within the organization.

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

Artificial Intelligence The benefits of AI, such as accounting support, anomaly detection, and financial analysis are undeniable. Shaping the Future: Conquering Finance Challenges in 2024 Download Now Cloud Adoption While cloud adoption isn’t a new trend at this point, its also nowhere near becoming old news.

Finance 52

Finance Reporting Cost-Benefit Software 52

DataKitchen

NOVEMBER 27, 2024

For example, metrics like the percentage of missing values help measure completeness, while deviations from authoritative sources gauge accuracy. These metrics are typically visualized through tools such as heatmaps, pie charts, or bar graphs, making it easy for stakeholders to understand compliance levels across different dimensions.

Data Quality 215

Data Quality Dashboards Metrics Cost-Benefit 215

CIO Business Intelligence

OCTOBER 24, 2024

But recent research by Ivanti reveals an important reason why many organizations fail to achieve those benefits: rank-and-file IT workers lack the funding and the operational know-how to get it done. There are enormous benefits in improving digital employee experience, and DEX remains an area that executive leaders are optimistic about.

IT 119

IT Metrics Cost-Benefit Measurement 119

CIO Business Intelligence

FEBRUARY 24, 2025

Most telling could be a 2024 report from IBM. Similarly, they set metrics that dont have room for CIOs and their staff to exceed. The way we measure IT cant be uptime and availability and cost reduction. Find metrics where theres no limit, he says. Yet, many IT departments arent earning high grades. Natarajan agrees.

IT 140

IT Measurement Metrics Cost-Benefit 140

CIO Business Intelligence

FEBRUARY 5, 2025

Around 60% of global CIOs believe that increased revenue alone justifies the cost of AI, and a similar proportion says time savings are sufficient to validate the investment. Also in 2024, 42% of companies reported that their gen AI initiatives have yet to deliver meaningful results.

Cost-Benefit 117

Cost-Benefit ROI Metrics Measurement 117