CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Here, we detail those and others that comprise eight of the top priorities for CIOs in 2024. Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

DECEMBER 10, 2024

Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. 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.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

DECEMBER 30, 2024

Generative AI has seen faster and more widespread adoption than any other technology today, with many companies already seeing ROI and scaling up use cases into wide 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

JANUARY 7, 2025

In todays fast-paced digital landscape, the cloud has emerged as a cornerstone of modern business infrastructure, offering unparalleled scalability, agility, and cost-efficiency. This serves as a baseline to drive cloud adoption and getting started with a shifting mindset on how to make money with cloud and not just cost savings alone.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

CIO Business Intelligence

MARCH 11, 2024

Although there are signs of general economic recovery including lower inflation & interest rates and higher growth as we navigate early 2024, there’s little evidence to suggest that buyers will suddenly return to their old ways. This translates to higher productivity, improved decision-making, and ultimately, higher ROI.

Manufacturing 106

Manufacturing Cost-Benefit Finance Marketing 106

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

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. It will be interesting to see how Verint quantifies Genie’s value in ROI terms, as it does for the rest of the bot portfolio.

ROI 130

ROI Interactive Software Measurement 130

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

AUGUST 27, 2024

The imperative for APMR According to IDC’s Future Enterprise Resiliency and Spending Survey, Wave 1 (January 2024), 23% of organizations are shifting budgets toward GenAI projects, potentially overlooking the crucial role of application portfolio modernization and rationalization (APMR). Employ AI and ML to assist in processes.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

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. She also sees AI transforming how work happens — an area that yields particularly disruptive results.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

CIO Business Intelligence

JULY 24, 2024

Yet, according to IDC’s March 2024 Future Enterprise Resiliency and Spending Survey, Wave 3 , 60% of organizations consider their digital infrastructure spending poorly aligned with expected business results. Data-driven decisions: Leverage data and analytics to assess new technologies’ potential impact and ROI.

Technology 98

Technology Experimentation Cost-Benefit Digital Transformation 98

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

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

APRIL 1, 2024

That’s not hyperbole: TEKsystems’ 2024 State of Digital Transformation report found that 53% of organizations classified as digital leaders are confident that their digital investments will meet expected ROIs. In contrast, only 27% of those categorized as DX laggards say as much.

Strategy 140

Strategy IT Digital Transformation ROI 140

Smart Data Collective

MAY 21, 2021

Benefits of Remote Work. It is thought that remote work is here to stay long-term because it can bring so many benefits, especially to the business. The business can greatly reduce its costs and even go without a central office, recruit from a much greater talent pool, keep staff happy and much more. Investing in AI.

Big Data 122

Big Data Cost-Benefit ROI Technology 122

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

Smart Data Collective

APRIL 3, 2022

This is a huge market driven by AI technology that is expected to be worth $19 billion by 2024. As AI technology has improved, algorithmic trading has become more effective and given traders the opportunity to realize higher ROIs. This figure appears to have improved as AI helped boost their ROI. Reduced cost. Advantages.

Technology 119

Technology Cost-Benefit ROI Strategy 119

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

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

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

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

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

IBM Big Data Hub

FEBRUARY 12, 2024

A key reason for this hesitancy is the complexity and cost of migrating to a new ERP platform. SAPinsider’s RISE with SAP 2023 report identified the primary benefit as the single contract that enables a cost-effective move 2. As with most enterprise IT modernization programs, there is no one-size-fits-all solution.

Cost-Benefit 67

Cost-Benefit Data Processing Consulting ROI 67

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 89

Cost-Benefit Manufacturing Modeling Interactive 89

CIO Business Intelligence

APRIL 4, 2023

In one Forrester study and financial analysis, it was found that AI-enabled organizations can gain an ROI of 183% over three years. This architecture is important because, to reap the full benefits of AI, it must be built to scale across an enterprise versus individual AI applications. 1 But this is changing rapidly. MB every second.

Data Architecture 52

Data Architecture Data Lake Data Warehouse Cost-Benefit 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. Here too is a blog ( By 2024, 60% of the data used for the de­vel­op­ment of AI and an­a­lyt­ics projects will be syn­thet­i­cally gen­er­ated ) of mine on the topic.

Analytics 64

Analytics Measurement Data-driven Modeling 64

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. This tendency to silo security tools and inefficiency creates vulnerabilities and unnecessary costs. million and an ROI of 264%.

ROI 111

ROI Cost-Benefit Data-driven Enterprise 111

CIO Business Intelligence

JANUARY 7, 2025

But this year three changes are likely to drive CIOs operating model transformations and digital strategies: In 2024, enterprise SaaS embedded AI agents to drive workflow evolutions , and leading-edge organizations began developing their own AI agents.

Digital Transformation 143

Digital Transformation Experimentation Cost-Benefit Strategy 143

CIO Business Intelligence

AUGUST 7, 2024

The following 10 award-winning projects showcase the impressive power of IT in the enterprise today and the ingenuity of modern CIOs and their teams, serving as representatives for the cohort of 2024 honorees. Now fully deployed, TCS is seeing the benefits. The project is really about a whole new way of doing business,” Waheed says.

IT 119

IT Insurance Cost-Benefit Testing 119

FineReport

APRIL 3, 2024

Benefits of BI Dashboard Tools Business intelligence dashboards are now essential tools, making complex data accessible to non-technical users. These well-designed dashboards offer several business benefits: Empowering informed decisions and strategic planning for business executives. Assess upfront costs and long-term expenses.

Dashboards 52

Dashboards Visualization Metrics Interactive 52

Smarten

FEBRUARY 13, 2022

The world-renowned technology research firm, Gartner, predicts that, ‘through 2024, 50% of organizations will adopt modern data quality solutions to better support their digital business initiatives’. Combine Traditional BI with Modern BI and Analytics to Improve User Adoption and Gain Advantage !

Analytics 52

Analytics Key Performance Indicator Business Intelligence ROI 52

DataKitchen

NOVEMBER 27, 2024

Benefits and Challenges of The Data Quality Dimension Approach Data quality dimensions are often heralded as foundational principles for evaluating and improving data quality. While these dimensions provide a ‘scientific’ way to assess data, they can be overly general when applied to real-world data quality problems. “The

Data Quality 215

Data Quality Dashboards Metrics Cost-Benefit 215

CIO Business Intelligence

FEBRUARY 5, 2025

Half of CFOs say they plan to cut AI funding if it doesnt show measurable ROI within a year, according to a global survey from accounts payable automation firm Basware, which included 400 CFOs and finance leaders. CIOs are under pressure to validate AI investments and assure CFOs of a clear path of implementation that will ensure ROI.

Cost-Benefit 117

Cost-Benefit ROI Metrics Measurement 117

CIO Business Intelligence

MARCH 6, 2025

Gartners last hype cycle for blockchain , released in July 2024, had most blockchain-related technologies moving past the peak of inflated expectations and headed into the trough of disillusionment. Lacking benefits at scale Fowler is not alone in his skepticism about blockchain. We understand why its not being taken up.

Insurance 131

Insurance Cost-Benefit Experimentation Technology 131

CIO Business Intelligence

JANUARY 15, 2025

The technology is changing quickly, so investing a lot of money in the wrong platform could end up costing a lot of money. So how do you reconcile the high failure rates of AI projects and reports of business benefit by early adopters? But, until then, itll be able to reap the benefits of its early investments. We cant wait.

Cost-Benefit 141

Cost-Benefit ROI Reporting Software 141

CIO Business Intelligence

JANUARY 13, 2025

Shift AI experimentation to real-world value Generative AI dominated the headlines in 2024, as organizations launched widespread experiments with the technology to assess its ability to enhance efficiency and deliver new services. Most of all, the following 10 priorities should be at the top of your 2025 to-do list.

Experimentation 140

Experimentation Strategy ROI Digital Transformation 140

Ontotext

DECEMBER 6, 2024

Introduction While 2023 was all about ChatGPT and large language modes (LLMs), in 2024 the rage has shifted to Retrieval Augmented Generation (RAG). KPIs around RAG applications like latency and relevance of results incur a high TCO (total cost of ownership) when transitioning from prototype to production. GraphDBs v 10.8

Modeling 59

Modeling Cost-Benefit Experimentation Optimization 59