CIO Business Intelligence

SEPTEMBER 3, 2024

Looking ahead to the 2025 budget season my futurist colleagues forecast a drama-rich street fight for enterprise IT resources. With 2025 budgets expected to be tight, IT must have its “value story” ready. To wit, the average cost of a 30-second ad spot at Super Bowl LVIII was $7 million. Is this too much to ask?

Cost-Benefit 128

Cost-Benefit Measurement Advertising Statistics 128

datapine

JULY 17, 2019

Experts predict that by 2025, around 175 Zettabytes of data will be generated annually, according to research from Seagate. KPI is a value measured to assess how effective a project or company is at achieving its business objectives. Let’s start by considering what KPIs are and what they mean in a business context. What Is A KPI?

KPI 223

KPI Reporting Key Performance Indicator Dashboards 223

CIO Business Intelligence

AUGUST 15, 2024

Gartner also recently predicted that 30% of current gen AI projects will be abandoned after proof-of-concept by 2025. Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

Smart Data Collective

FEBRUARY 22, 2022

E-commerce startups are investing most heavily in big data, which is why the e-commerce analytics market will be worth over $22 billion by 2025. Fortunately, new e-commerce companies are in a good position to benefit from data. 1 – Customer acquisition costs. They must make every penny count. 4 – Gross margins.

Data-driven 131

Data-driven Metrics Big Data Sales 131

CIO Business Intelligence

OCTOBER 23, 2024

If you have modest AI ambitions, in an industry that isn’t being remastered by AI yet, you can afford to go at a more measured pace. CIOs will begin to spend on GenAI, beyond proof-of-concept work, starting in 2025. But not all employees get the same degree of benefit from using GenAI. This is an AI-steady pace.

Enterprise 135

Enterprise IT Cost-Benefit Measurement 135

CIO Business Intelligence

DECEMBER 18, 2024

Resilience frameworks have measurable ROI, but they require a holistic, platform-based approach to curtail threats and guide the safe use of AI, he adds. However, CIOs must still demonstrate measurable outcomes and communicate these imperatives to senior leadership to secure investment.

Risk 105

Risk Risk Management Cost-Benefit Measurement 105

CIO Business Intelligence

JUNE 29, 2022

Many CIOs are turning to RPA to streamline enterprise operations and reduce costs. What are the benefits of RPA? RPA provides organizations with the ability to reduce staffing costs and human error. Bots are typically low-cost and easy to implement, requiring no custom software or deep systems integration.

Cost-Benefit 145

Cost-Benefit Software Machine Learning Enterprise 145

CIO Business Intelligence

MARCH 14, 2022

In How to Measure Anything , Douglas Hubbard offers an alternative definition of “measurement” to the Oxford English Dictionary’s “the size, length, or amount of something.” Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. but how deep is that coverage?

Uncertainty 105

Uncertainty Measurement Cost-Benefit Optimization 105

Smart Data Collective

MAY 17, 2021

A mission-critical task like maintenance can be relegated to proactive measures thanks to a steady flow of performance data. What’s more, the same technology can be used for other measures, like monitoring assets and goods, which cuts down on fraud and theft. billion by the end of 2025 , up from $3.8 billion in 2018.

Big Data 103

Big Data Cost-Benefit IoT Machine Learning 103

CIO Business Intelligence

MAY 28, 2022

The benefits? Drive cost efficiencies and make headway on meeting corporate environmental, social, and governance (ESG) targets, for starters. It may not drive them to many new behaviors, but it gives them additional support for initiatives that have sustainability benefits as well, such as power and thermal monitoring.”.

Cost-Benefit 103

Cost-Benefit Optimization Metrics Measurement 103

CIO Business Intelligence

JANUARY 22, 2024

Remote work began as a temporary measure during the pandemic but has long been a permanent fixture in our new way of working. McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

Smart Data Collective

JUNE 23, 2019

This benefits you, and it also helps the city and community have fewer cars on the road during heavy-traffic times resulting in both convenience and less pollution. There are expected to be 29 smart cities by 2025. Through the collection of data , patterns of traffic congestion are produced to give you the best route. Conclusion.

Big Data 109

Big Data Cost-Benefit Measurement Management 109

Smart Data Collective

APRIL 25, 2022

trillion by 2025. It will also help in onboarding new staff so they can hit the ground running and provide a system where you can monitor, measure, and improve the overall user experience. The benefits of digital adoption to your employees trickle down to your customers. The benefits are many, and its effects profound.

Big Data 118

Big Data Cost-Benefit Digital Transformation Technology 118

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

CIO Business Intelligence

MAY 26, 2022

The benefits? Drive cost efficiencies and make headway on meeting corporate environmental, social, and governance (ESG) targets, for starters. It may not drive them to many new behaviors, but it gives them additional support for initiatives that have sustainability benefits as well, such as power and thermal monitoring.”.

Cost-Benefit 97

Cost-Benefit Optimization Metrics Measurement 97

CIO Business Intelligence

JUNE 23, 2023

CIOs should prioritize an adaptable technology infrastructure that eliminates data silos, ensures security and governance, and embraces a unified horizontal platform for streamlined data management, reducing integration complexities, skilled workforce requirements, and costs.

Data Strategy 116

Data Strategy Strategy Visualization Consulting 116

CIO Business Intelligence

MAY 8, 2024

billion by 2025. This approach offers several benefits, including scalability, cost-efficiency, and reduced maintenance overhead, as the cloud provider handles the infrastructure management and scaling. trillion by 2025, highlighting the continued growth and importance of IoT devices.

Data Integration 102

Data Integration IoT Cost-Benefit Machine Learning 102

Smart Data Collective

SEPTEMBER 11, 2020

An article in CISCOMAG talks about the benefits of using AI in improving network security. The number of IoT devices is projected to skyrocket from 10 billion to 64 billion between 2018 and 2025. AI will also employ cost-effectiveness in developing and maintaining networking systems. Growing Importance of AI in Networking.

Technology 97

Technology IoT Internet of Things Cost-Benefit 97

CIO Business Intelligence

AUGUST 14, 2024

The cost of OpenAI is the same whether you buy it directly or through Azure. It’s aggressively deploying those to Azure data centers, which won’t require any changes by customers, and expects these investments to come closer to meeting demand by mid 2025. Implementation is a huge portion of actually achieving success,” he adds.

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

Smart Data Collective

SEPTEMBER 30, 2021

One of the biggest benefits of AI is that it has helped streamline many workplace functions. According to the analysis of Cybersecurity Ventures, the yearly cost of cybercrime is expected to reach $10.5 trillion , and ransomware damage costs will reach $20 billion by 2025. AI is going to be more important than ever.

Optimization 115

Optimization IoT Data-driven Cost-Benefit 115

Smart Data Collective

SEPTEMBER 6, 2020

A growing number of ecommerce platforms have expressed the benefits of data analytics technology and incorporated them into their solutions. billion on big data by 2025. Essential Benefits of Big Data in Ecommerce Applications. There’s more to the total cost of ownership than the cost of licensing.

B2B 111

B2B Data Analytics Analytics Cost-Benefit 111

IBM Big Data Hub

FEBRUARY 6, 2024

A prime benefit of cloud computing for business is its flexibility for quickly and efficiently scaling resources to meet business demands, freeing organizations from investing time and expense into expanding their own physical IT infrastructure. Automation Automation tools are a significant feature of cloud-based infrastructure.

Cost-Benefit 98

Cost-Benefit Digital Transformation Software Internet of Things 98

Smart Data Collective

NOVEMBER 6, 2019

city employed an emerging discipline called “carbon economics” and data gathered at the local level to map out carbon emissions and deploy carbon abatement measures. Some of the measures saved the city as much as $1,200 per ton of CO2. By 2025, close to one-third of this information will be real-time data.

Cost-Benefit 80

Cost-Benefit Measurement Modeling Technology 80

CIO Business Intelligence

APRIL 19, 2022

The university extends employee benefits to contract workers. They’re in a more reactive mode, using contract and freelance talent reluctantly as a stopgap measure “and not strategically seeing how they can fit in with the workforce model they’re using.”. Pros and cons of contract staffing. Best practices.

IT 98

IT Cost-Benefit Strategy Reporting 98

CIO Business Intelligence

AUGUST 21, 2024

It wasn’t just a single measurement of particulates,” says Chris Mattmann, NASA JPL’s former chief technology and innovation officer. “It It was many measurements the agents collectively decided was either too many contaminants or not.” They also had extreme measurement sensitivity.

Risk 136

Risk Insurance Cost-Benefit Software 136

Smart Data Collective

FEBRUARY 22, 2021

billion on big data solutions in 2025. It’s invaluable in the production process as it can detect if a car part is fitted incorrectly, as well as assess how safe the vehicle is and suggest required measures to make it safer. CIO talked about these benefits a couple of years ago and the benefits have compounded since.

Analytics 89

Analytics Big Data Cost-Benefit Finance 89

CIO Business Intelligence

JUNE 25, 2024

ICT is a key driver in Asia Pacific’s digital economy, with a strong CAGR of 13% from 2020 to 2025 , ahead of other regions. The telecoms industry is at a crossroad As the digital economy wave sweeps our shores, telecom operators—suppliers of ICT infrastructure—face equal measures of challenges and opportunities.

Digital Transformation 110

Digital Transformation Internet of Things IoT Cost-Benefit 110

CIO Business Intelligence

SEPTEMBER 23, 2022

Sovereign Cloud business estimated TAM is $60B by 2025, in no small part due to the rapid increase of data privacy laws (currently 145 countries have data privacy laws) and the complexity of compliance in highly regulated industries.?. Public clouds offer large scale at low cost. VMware Sovereign Cloud providers are….

Data Processing 98

Data Processing Metadata Cost-Benefit Risk Management 98

CIO Business Intelligence

NOVEMBER 13, 2024

So for all its vaunted benefits to efficiency, gen AI doesn’t always reduce workloads. Managers tend to incentivize activity metrics and measure inputs versus outputs,” she adds. Customizing AI models can cost more than $5 million, and building a custom model from scratch can cost a company up to $20 million.

IT 141

IT Consulting ROI Cost-Benefit 141

Smart Data Collective

FEBRUARY 23, 2021

Companies around the world are projected to spend $33 billion on business intelligence by 2025. Consider Long-Term Benefits. Your business intelligence algorithms need to focus on the long-term benefits associated with gamification. Nevertheless, like already mentioned, you need to be measured and careful with your approach.

Business Intelligence 89

Business Intelligence Cost-Benefit Strategy Measurement 89

Smart Data Collective

JULY 9, 2023

The market for public cloud computing services is projected to reach $800 billion by the end of 2025. We mentioned that many big businesses have moved to the cloud , but smaller businesses are benefiting from it as well. Cost and Scalability The cost and scalability of RDP and VPN solutions can vary significantly.

Cost-Benefit 75

Cost-Benefit Risk Measurement Software 75

CIO Business Intelligence

NOVEMBER 27, 2024

Despite that since April 1, there are no longer simplified remote working measures in Italy requiring employers to accommodate this, the number of remote employees this year remained virtually unchanged, at 3.5 million in 2023, and is expected to grow by 5% in 2025, equal to 3.75 million compared to about 3.6 Talents must be paid.

Cost-Benefit 126

Cost-Benefit Strategy Marketing Advertising 126

Jet Global

MARCH 6, 2020

by 2025, and 90 ZB of this data will be from IoT devices. In fact, according to a recent survey , two-thirds of manufacturing leaders indicated they had not maximized the potential benefits of analytics for operational insights and decision making. . Increasing this number reduces scrap and rework costs. .

Manufacturing 75

Manufacturing Data-driven Finance KPI 75

IBM Big Data Hub

APRIL 27, 2023

Those who have committed to closing the green gap have embraced sustainability-focused processes and are reaping the benefits. Enabled organizations use ERP to establish standard environmental measures across ecosystems 39% more often than Reluctant (organizations that do not view environmental sustainability as important to their success).

Metrics 79

Metrics Cost-Benefit Reporting Manufacturing 79

IBM Big Data Hub

MAY 15, 2024

According to a Gartner report , cloud operational expenses are expected to surpass traditional IT spending, reflecting the ongoing transformation in expenditure patterns by 2025. To maximize benefits and realize the potential of FinOps, organizations must forge a clear path and avoid common mistakes.

Key Performance Indicator 56

Key Performance Indicator Cost-Benefit Forecasting Finance 56

Smart Data Collective

MAY 30, 2022

Companies are expected to spend over $24 billion on customers analytics technology by 2025. The benefits of analytics to understand the customer journey cannot be overstated. These systems necessitated significant human capital investment as well as ongoing maintenance costs. Advantages of CCaaS for Customer Analytics.

Customer Analytics 112

Customer Analytics Management Analytics Data Processing 112

IBM Big Data Hub

AUGUST 18, 2023

DORA establishes technical standards that financial entities and their critical third-party technology service providers must implement in their ICT systems by January 17, 2025. Entities will also be expected to put appropriate cybersecurity protection measures in place. DORA applies to all financial institutions in the EU. In the U.S.,

Cost-Benefit 74

Cost-Benefit Testing Strategy Risk Management 74