Remove 2024 Remove Metrics Remove ROI
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Enterprises willing to spend up to $250 million on gen AI, but ROI remains elusive

CIO Business Intelligence

Leaders are putting real dollars behind agents, but with mounting pressure to demonstrate ROI, getting the value story right is critical. High expectations, but ROI challenges persist Despite significant investments, only 31% of organizations expect to measure generative AIs return on investment in the next six months.

ROI 81
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The targeted approach to cloud and data CIOs need for ROI gains

CIO Business Intelligence

The rise of the cloud continues Global enterprise spend on cloud infrastructure and storage products for cloud deployments grew nearly 40% year-over-year in Q1 of 2024 to $33 billion, according to IDC estimates.

ROI 119
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Balancing the costs and opportunities of GenAI adoption

CIO Business Intelligence

But alongside its promise of significant rewards also comes significant costs and often unclear ROI. Ineffective cost management: Over 22% of IT executives highlight challenges in managing costs and developing clear ROI methodologies. Lets begin by examining the specific cost-related concerns CIOs face when adopting GenAI technologies.

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5 tips for better business value from gen AI

CIO Business Intelligence

Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. Specify metrics that align with key business objectives Every department has operating metrics that are key to increasing revenue, improving customer satisfaction, and delivering other strategic objectives.

Sales 143
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Rushing for AI ROI? Chances are it will cost you

CIO Business Intelligence

Many organizations have struggled to find the ROI after launching AI projects, but there’s a danger in demanding too much too soon, according to IT research and advisory firm Forrester. Measure everything Looking for ROI too soon is often a product of poor planning, says Rowan Curran, an AI and data science analyst at Forrester.

ROI 131
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What to expect from AI in the enterprise in 2025

CIO Business Intelligence

Controlling costs According to Gartner, more than 90% of CIOs surveyed in 2024 believed that managing costs limited their ability to get value for the enterprise from their AI investments. Measuring AI ROI As the complexity of deploying AI within the enterprise becomes more apparent in 2025, concerns over ROI will also grow.

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When is data too clean to be useful for enterprise AI?

CIO Business Intelligence

If it costs more to detect and remove incorrect phone numbers in your dataset than it costs to make that number of wasted calls or send that many undeliverable text messages, then there’s no ROI in fixing the numbers in advance. “A Even for the same use case, the underlying data can shift over time,” warns Swaminathan. “A