David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Those customers should be evaluating if, when and how they will tap into the benefits that AI and GenAI can provide to improve operational and financial performance. With a perception of limited or no benefit, not taking any action can appear attractive and may be the right choice.

Cost-Benefit 130

Cost-Benefit Risk Forecasting Software 130

CIO Business Intelligence

JULY 5, 2024

The landscape of data center infrastructure is shifting dramatically, influenced by recent licensing changes from Broadcom that are driving up costs and prompting enterprises to reevaluate their virtualization strategies. Clients are seeing increased costs with on-premises virtualization with Broadcom’s acquisition of VMware.

Cost-Benefit 124

Cost-Benefit Data Processing Reporting Enterprise 124

Rocket-Powered Data Science

MAY 21, 2024

And also in the past, it was sufficient for AI to be relegated to academic researchers or R&D departments of big organizations who mostly produced research reports or journal papers, and not much else. 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

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 109

IT Metrics Cost-Benefit Measurement 109

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). You can read the full report from IDC. There are no servers and clusters to manage, and there is no compute and storage infrastructure to set up.

Software 88

Software Analytics Cost-Benefit Data-driven 88

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

The origins of Capital One Slingshot began with the need to develop internal tooling to ensure that the company realized potential business value improvements by managing costs and automating governance processes. Failure to make the most efficient use of cloud infrastructure can result in unexpected costs.

Data Warehouse 130

Data Warehouse Cost-Benefit Data Lake Software 130

CIO Business Intelligence

OCTOBER 23, 2024

CIOs are under increasing pressure to deliver meaningful returns from generative AI initiatives, yet spiraling costs and complex governance challenges are undermining their efforts, according to Gartner. While some of the surveyed employees in the US, the UK, Australia, India, and China reported saving an average of 3.6

Enterprise 141

Enterprise Cost-Benefit Broadcasting Risk 141

CIO Business Intelligence

SEPTEMBER 9, 2024

According to IDC’s Worldwide AI and Generative AI Spending Guide (August 2024) , the global AI market is expected to surge from US$235 billion in 2024 to US$632 billion by 2028. Tencent Cloud stands to benefit, particularly in APAC, where market size is predicted to grow from US$45.4

Marketing 122

Marketing Cost-Benefit Digital Transformation Data-driven 122

FineReport

APRIL 21, 2024

Embedded BI platforms deliver real-time reporting and advanced analytics within users’ workflow context, enabling all users to make informed decisions regardless of their analytic skills. Industries benefit significantly from embedded analytics, driving operational efficiency and deeper customer understanding.

Dashboards 52

Dashboards Visualization Interactive Business Intelligence 52

CIO Business Intelligence

NOVEMBER 14, 2024

Challenge: Consumers want to shop on their own terms Recent research shows that 77% of consumers today buy through a mix of digital and physical shopping, while just 17% buy only online or only in physical stores (IDC Retail Insights: Consumer Sentiment Survey, 2024 — Findings and Implications, July 2024). IDC, June 2024).

IT 64

IT Cost-Benefit Manufacturing Sales 64

CIO Business Intelligence

JULY 11, 2024

Manufacturers are implementing generative AI initiatives slower than anticipated due to accuracy concerns, according to a report from Lucidworks. The study surveyed over 2,500 global AI decision-makers and found that 58% of manufacturing leaders plan to increase AI spending in 2024, down from 93% in 2023.

Manufacturing 124

Manufacturing Cost-Benefit Data Quality Modeling 124

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

The trade-off is capability and flexibility versus cost and time to value since third-party tools deal with end-to-end processes that span multiple applications in ways the Infor’s currently cannot. The average expected spend for 2024 is 3.7% Having a vertical industry focus in its cloud suites adds context for process analytics.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

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

CIO Business Intelligence

MAY 8, 2024

According to a recent report by InformationWeek , enterprises with a strong AI strategy are 3 times more likely to report above-average data integration success. According to a report by Statista , the global IoT market size is projected to surpass $1.6

Data Integration 102

Data Integration IoT Cost-Benefit Internet of Things 102

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 22, 2024

IT leader and former CIO Stanley Mwangi Chege has heard executives complain for years about cloud deployments, citing rapidly escalating costs and data privacy challenges as top reasons for their frustrations. They, too, were motivated by data privacy issues, cost considerations, compliance concerns, and latency issues.

Optimization 128

Optimization Strategy IT Cost-Benefit 128

CIO Business Intelligence

JULY 23, 2024

For example, in the 2024 CISO Burnout Report , 80% of CISOs classify themselves as “ highly stressed ,” 63% say they receive little to no support managing their roles, and 50% report losing team members because of workplace stress. Now, add data, ML, and AI to the areas driving stress across the organization.

Risk 142

Risk IT Risk Management Cost-Benefit 142

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

OCTOBER 16, 2024

Analysts predict the incoming phase of enterprise AI will herald agentic systems that require minimal human intervention, with 75% of CIOs increasing their AI budgets during this year alone, according to a recent report from Gartner. Edge computing can reduce latency, lower cost, and lower data exposure risks.”

Cost-Benefit 143

Cost-Benefit Manufacturing Data-driven Optimization 143

CIO Business Intelligence

JULY 1, 2024

The global cyber threat landscape continues to become a concern for organizations, with the number of reported attacks growing consistently. These details are from the Check Point 2024 Cyber Security Report , which paints a combination of grim prospects and optimism.

Cost-Benefit 128

Cost-Benefit Optimization Reporting Software 128

CIO Business Intelligence

JANUARY 22, 2024

McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5 Organizations across all industries can benefit from secure practices to limit their remote access exposures.

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

CIO Business Intelligence

OCTOBER 3, 2024

GenAI budget increases were significant, with 12% of respondents reporting an increase of more than 300% compared to the previous year. Similar to large companies, GenAI budgets are healthy and on the rise just a size down, with 36% of respondents reporting a budget increase of 50-100%. They also have the means to back it up.

Testing 129

Testing Cost-Benefit Experimentation Risk 129

CIO Business Intelligence

AUGUST 14, 2024

That interest is in turn spurring the Big 3 cloud vendors to accelerate AI offerings in hopes of winning even larger portions of the global cloud market, even as CIOs seek to sharpen strategies to curb costs and maximize their return from the cloud. Still, hyperscalers continue to increase their offerings for the trending technology.

Cost-Benefit 121

Cost-Benefit Marketing Sales Enterprise 121

CIO Business Intelligence

SEPTEMBER 24, 2024

Both Wiedenbeck and the new CIO report to the executive office, consisting of the CEO and the president/COO. To that end, Wiedenbeck and his team are tackling “unit cost,” or the expense of specific products and services, such as writing a policy, servicing a claim, or handling a customer request.

IT 130

IT Insurance Cost-Benefit Risk 130

CIO Business Intelligence

SEPTEMBER 30, 2024

In fact, IT’s embrace of AI is nearly ubiquitous, with 89% of IT decision-makers surveyed for Foundry’s 2024 CIO Tech Priorities study saying they’re researching, piloting, or currently using AI-enabled technologies — up from 72% in 2023.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

CIO Business Intelligence

NOVEMBER 19, 2024

In 2024, a new trend called agentic AI emerged. The analyst firm Forrester named AI agents as one of its top 10 emerging technologies this year and that it will deliver benefits in the next two to five years. That will help us achieve short-term benefits as we continue to learn and build better solutions.

Testing 122

Testing Cost-Benefit Interactive ROI 122

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 122

IT Insurance Consulting Risk 122

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

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. Moreover, the report underscores the critical need for organizations to prioritize security in their AI-driven development initiatives.

Testing 124

Testing Risk Data-driven Cost-Benefit 124

CIO Business Intelligence

SEPTEMBER 26, 2024

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. User friendly for developers: FioriDAST was designed to require minimal configuration by default, making it easy for developers to incorporate into their existing workflows.

Cost-Benefit 107

Cost-Benefit Testing Interactive Machine Learning 107

CIO Business Intelligence

SEPTEMBER 6, 2024

This shifting mindset in hiring is quickly growing in popularity for technical roles, according to a report from Test Gorilla, with 88% of tech companies reporting they’re using skills-based hiring to recruit new talent, and 89% of tech employers saying they’re satisfied with skills-based hires made in the past 12 months.

Cost-Benefit 134

Cost-Benefit Strategy Reporting IT 134

CIO Business Intelligence

AUGUST 28, 2024

A published report Wednesday indicated that Swedish fintech company Klarna is “seeking to get rid of almost half of its employees in the coming years through efficiencies it says arise out of its investment in AI.” If you want to make AI adoption projects successful and viable , you need to focus on humans first and AI second.”

Testing 115

Testing Cost-Benefit Reporting Marketing 115

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

MAY 17, 2024

And in the adjustment to a post-pandemic workforce, employees and employers have found a new battleground, with IT pros continuing to seek remote and flexible work opportunities, while companies grapple with the cost of following through with return-to-office mandates.

IT 136

IT Insurance Reporting Manufacturing 136

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 Impactful AI insights will at first seem like a minority report that doesn’t reflect the majority view of board members,” said Plummer.

IoT 135

IoT Risk Enterprise Cost-Benefit 135

CIO Business Intelligence

SEPTEMBER 3, 2024

Ransomware attacks continue to be a mainline threat, with 60% of surveyed organizations reporting a business disruption in the last 12 months due to ransomware, according to IDC’s What Do Four Recurring Surveys Tell Us About Trends in Ransomware Incidents? Cyberattacks challenge all organizations.

Consulting 128

Consulting Cost-Benefit Marketing Management 128

CIO Business Intelligence

AUGUST 29, 2024

IDC’s North American Tools/Vendors Consolidation Survey, November 2023; number of tools/vendors n = 508, plans to consolidate n = 592 Cost, frustration, and security issues Having dozens or hundreds of security tools with overlapping functionality creates more than just confusion. They can also identify redundant applications or licenses.

Cost-Benefit 124

Cost-Benefit Enterprise Software Marketing 124