CIO Business Intelligence

NOVEMBER 5, 2024

IDC’s Sustainability Readiness Index Survey (August 2024) found that 32% of businesses have created strategic road maps, while 26% have begun embedding sustainability into their operations and 20% say that sustainability has become the “new normal.” There is no denying that environmental sustainability is top of mind for many companies today.

Uncertainty 98

Uncertainty Measurement ROI Reporting 98

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

JANUARY 7, 2025

The question, then, is not whether you will shift toward more AI-influenced operations in 2024 but how and, more importantly, why. Organizations without a clear vision of what they want to accomplish in 2024 will find plenty of AI bells and whistles but very little direction. ROI quickly becomes DOA.

ROI 52

ROI Business Objectives Technology Optimization 52

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. That means companies can use it on tough code problems, or large-scale project planning where risks have to be compared against each other.

ROI 141

ROI Software Modeling Interactive 141

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

DECEMBER 10, 2024

Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. To drive gen-AI top-line revenue impacts, CIOs should review their data governance priorities and consider proactive data governance and dataops practices that go beyond risk management objectives.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

DECEMBER 11, 2024

Newly released research from SASs Data and AI Pulse Survey 2024 Asia Pacific finds that only 18% of organisations can be categorised as AI leaders, where the organisation has an AI strategy and long-term investment plans in place. These ROI expectations exist despite many surveyed organisations not having a clear AI strategy.

ROI 59

ROI Experimentation Insurance Strategy 59

CIO Business Intelligence

MARCH 12, 2024

And 2024 looks to be that kind of year, with John-David Lovelock, distinguished VP analyst, reporting that “IT spending will be driven by more traditional forces, such as profitability, labor, and dragged down by a continued wave of change fatigue.” When these additional costs appear, the original ROI prognosticators get unhappy.

ROI 122

ROI IT Manufacturing Metrics 122

CIO Business Intelligence

JULY 8, 2024

According to its spring 2024 AI Adoption and Risk Report , 74% of ChatGPT usage at work is through noncorporate accounts, 94% of Google Gemini usage is through noncorporate accounts, and 96% for Bard. Most organizations want to avoid shadow AI because the risks are enormous,” he says. What could go wrong?

Risk 136

Risk Strategy Technology Modeling 136

CIO Business Intelligence

DECEMBER 11, 2024

Other companies are also finding that open source gen AI models can offer more flexibility, security, and cost advantages, although there are risks. Yet its too early to officially calculate ROI, he says, which will require more data points over a long time period. You get more control over your costs.

Cost-Benefit 115

Cost-Benefit Modeling Marketing Sales 115

CIO Business Intelligence

MARCH 3, 2024

And only 45 percent of CISOs were very or somewhat concerned about the risks of unsecured printers, compared to 72 percent of CIOs. Quocirca said this disconnect between the views of CIOs and CISOs on print security could prevent companies from determining the true level of risk. Using zero trust.

IT 111

IT Measurement Risk Reporting 111

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. If sustainability-related data projects fail to demonstrate a clear financial impact, they risk being deprioritized in favor of more immediate business concerns.

IT 59

IT Data Governance Data-driven Metrics 59

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

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

CIO Business Intelligence

OCTOBER 8, 2024

SAP’s promised collaboration between its AI copilot, Joule, and other agents will become reality in the fourth quarter of 2024, the company announced at its 2024 TechEd conference Tuesday. At what scale do they provide a positive ROI?” What prerequisites are required to deploy these autonomous workflows?

Business Objectives 130

Business Objectives ROI Finance Sales 130

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).

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

CIO Business Intelligence

AUGUST 20, 2024

Organizations today risk falling into a similar scenario known as Shadow AI , where teams turn to public clouds or API service providers in their rush to build or adopt AI solutions. Over time, many organizations found themselves grappling with issues concerning costs, security, and governance that had them rethinking the underlying model.

Strategy 138

Strategy ROI Data-driven Data Processing 138

CIO Business Intelligence

SEPTEMBER 24, 2024

Organizationally, Wiedenbeck is a member of Ameritas’ AI steering committee, called the “mission team,” which includes the legal and risk officers, along with the CIO. To avoid this risk, Ameritas is not yet applying AI to either underwriting or direct customer interaction. “We Here is your chance to be that leader.”

IT 130

IT Insurance Cost-Benefit Risk 130

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

AUGUST 22, 2024

increase in IT spending overall in 2024, compared to 4% in 2023, software spending growth suggests CIOs need to adjust their budgets downward elsewhere. Earlier this year, Forrester competitor Gartner projected a worldwide IT spending increase of 8% in 2024. through 2027. With Forrester projecting a 5.3%

Strategy 134

Strategy IT Uncertainty Software 134

Cloudera

NOVEMBER 16, 2020

million by 2024, a CAGR of 25.8% from 2019 to 2024. Fraud is one of the use cases where technology has made a huge, measurable difference: focusing on fraud detection and prevention, Emerj reports insurers have seen ROIs of up to 400% on their investments in fraud technology. . million in 2019 to $7.9

Insurance 101

Insurance ROI Marketing Machine Learning 101

IBM Big Data Hub

MARCH 4, 2024

In 2024, companies confront significant disruption, requiring them to redefine labor productivity to prevent unrealized revenue, safeguard the software supply chain from attacks, and embed sustainability into operations to maintain competitiveness. times higher ROI. times higher ROI.

Enterprise 96

Enterprise ROI Risk Strategy 96

CIO Business Intelligence

NOVEMBER 2, 2023

Salesforce’s findings gibe with IDC’s Worldwide C-Suite Survey 2023-2024 , released in September. Aytay notes the sales team might want to automate their outbound communications with customers, but using off-the-shelf gen AI could risk leaking proprietary company data into public large language models (LLMs). “If

Data Strategy 137

Data Strategy Strategy Sales Data Governance 137

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. What is algorithmic trading?

Technology 119

Technology Cost-Benefit ROI Strategy 119

CIO Business Intelligence

JULY 23, 2024

A record number of S&P 500 companies, 199 of them, mentioned AI in their earnings calls covering the first quarter of 2024, according to analysis by document search firm FactSet. It’s a scary level of uncertainty and risk, and that makes it difficult to use as a rip and replace for existing technologies.”

Uncertainty 131

Uncertainty Machine Learning Business Intelligence Marketing 131

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 This tailored method outperforms allocating advertising expenditures over a variety of channels without analyzing each channel’s performance in terms of ROI and client acquisition cost. One of the secrets to attracting and retaining customers is to become more data-centric.

Advertising 111

Advertising Sales Cost-Benefit ROI 111

CIO Business Intelligence

FEBRUARY 24, 2023

As a result, it’s hard to calculate its ROI, but knowing cybercrime rates are likely to rise during tight economic times, these leaders understand that cutting cybersecurity expenditures could, in fact, cost more than they had anticipated. Cyber budgets must be spent wisely, often without increasing costs or targeting the most likely risks.

Strategy 105

Strategy ROI Consulting Technology 105

IBM Big Data Hub

APRIL 18, 2024

Nearly all respondents reported promising early results from gen AI experiments and planned to increase their spending in 2024 to support production workloads. 46% of survey respondents in 2024 showed a preference for open source models. A key trend is the adoption of multiple models in production.

Cost-Benefit 89

Cost-Benefit Manufacturing Modeling Interactive 89

CIO Business Intelligence

AUGUST 9, 2023

Most CEOs (72%) continue to prioritize digital investments, according to the 2022 CEO Outlook report from KPMG, in part due to concerns about emerging and disruptive technology, a top three risk to organizational growth.

Digital Transformation 137

Digital Transformation Data-driven Strategy Consulting 137

CIO Business Intelligence

DECEMBER 9, 2024

With AI playing a central role in decision-making across industries, ensuring transparency, fairness, and accountability is essential to build trust and mitigate risks, explains George. The first is responsible AI development. Data privacy and security follow closely behind.

Data Governance 52

Data Governance Data-driven Risk Digital Transformation 52

Ontotext

APRIL 3, 2024

Nimit Mehta: I think that 2024 is going to be a buckle-down year, but, at the same time, we’ll see a rapid explosion of experimentation. Nimit Mehta : You are talking about the three big ones: cost, revenue, and risk. And, when you get to the top, it’s about risks and existential threats to the business. Show me the ROI.”

Technology 45

Technology Risk Digital Transformation Measurement 45

Andrew White

JANUARY 9, 2022

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. We have various tools, best practices and techniques to help explore the ROI for a range of D&A investments. – Not sure I fully grasp the question.

Analytics 64

Analytics Measurement Data-driven Modeling 64

CIO Business Intelligence

JANUARY 14, 2025

The 2024 Board of Directors Survey from Gartner , for example, found that 80% of non-executive directors believe their current board practices and structures are inadequate to effectively oversee AI. The time for experimentation and seeing what it can do was in 2023 and early 2024. What ROI will AI deliver?

Strategy 141

Strategy ROI Experimentation Risk 141

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. Instead of investing in separate tools to protect the cloud, CNAPPs provide a holistic view of risk in the cloud. million and an ROI of 264%.

ROI 111

ROI Cost-Benefit Data-driven Enterprise 111

CIO Business Intelligence

JANUARY 7, 2025

Regardless of the driver of transformation, your companys culture, leadership, and operating practices must continuously improve to meet the demands of a globally competitive, faster-paced, and technology-enabled world with increasing security and other operational risks.

Digital Transformation 143

Digital Transformation Experimentation Cost-Benefit Strategy 143

CIO Business Intelligence

JULY 30, 2024

IT analyst Forrester listed gen AI for language and AI agents as two of its top 10 emerging technologies for 2024. The risk is very low if we accidentally go in and give away a meal when we should have denied somebody credit for a meal,” he says. Gen AI at Credibly is being used to give our underwriters superpowers,” he says. “As

Insurance 144

Insurance Machine Learning Interactive Finance 144