CIO Business Intelligence

AUGUST 27, 2024

Define clear objectives and secure executive buy-in Articulate challenges and benefits: Communicate the challenges posed by legacy applications and the potential benefits of APMR. Quantify ROI: Provide a detailed return on investment (ROI) analysis to gain leadership support.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

datapine

FEBRUARY 22, 2022

Business intelligence implementation is not an easy task, as it requires a lot of preparation work beforehand, gathers many different actors, and will involve expenses. But the rewards outperform by far its costs, and it is well known that business intelligence ROI is real even if it is sometimes hard to quantify.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

Cloudera

OCTOBER 30, 2023

Agility, innovation, and time-to-value are the key differentiators cloud service providers (CSP) claim to help organizations speed up digital transformation projects and business objectives. The FinOps framework is helping organizations to obtain the best ROI for their cloud transformation.

Analytics 79

Analytics Cost-Benefit ROI Business Objectives 79

CIO Business Intelligence

JULY 24, 2024

Data-driven decisions: Leverage data and analytics to assess new technologies’ potential impact and ROI. Cross-functional collaboration: Engage diverse stakeholders and foster external partnerships to align with business goals and stay at the forefront of technological advancements.

Technology 98

Technology Experimentation Cost-Benefit Digital Transformation 98

CIO Business Intelligence

APRIL 19, 2022

Connecting systems with RPA may be trivial, but it has very limited ROI until the business is ready to break the silos and redesign end to end processes. Going after full ROI moves an IA program from a technology play into technology + change management.” – Maxim Ioffe | Global Intelligent Automation Leader, WESCO.

Digital Transformation 111

Digital Transformation Insurance Business Objectives ROI 111

CIO Business Intelligence

MAY 11, 2022

CIOs must also account for the criticality and timing of each business process, from front-office processes such as sales and customer service to back-office processes such as operations, human resources and finance. Idle personnel, employee morale and reputation costs that are not easily definable in dollars can bring down a business.

Management 98

Management Insurance Testing Finance 98

datapine

JANUARY 18, 2023

Rather is the sales department, customer service, logistics, or finances, this specific report type help track and optimize performance on a deeper level. They convey information between team members and departments to keep communication flowing regarding goals and business objectives.

Reporting 201

Reporting Metrics Dashboards Visualization 201

IBM Big Data Hub

JULY 5, 2023

Many organizations approach cloud cost optimization strategy and implementation by employing a cross-functional FinOps team—one with members from IT, finance and engineering—to bring financial accountability to the cloud. Optimize: The second phase is about optimizing the cloud footprint. There are multiple ways to optimize.

Optimization 63

Optimization Forecasting ROI Metrics 63

DataRobot Blog

NOVEMBER 8, 2022

To solve this, we use data science tools to identify the right leading indicators across the different levers that we can pull to support faster decisions—using methods that establish causation to the larger business objectives of their clients.

Predictive Analytics 59

Predictive Analytics Marketing Analytics Data-driven 59

bridgei2i

MAY 19, 2021

So with this data revolution, you know, gaining so much momentum, you know, and everybody investing in analytics, and with ROI also becoming more and more tangible, how is the charter of GICs really changed? Venkat: Got it. Because, you know, it seems like across industries, a lot of enterprises are setting up GICs across the world right.

Enterprise 75

Enterprise Digital Transformation Marketing Cost-Benefit 75

CIO Business Intelligence

JANUARY 12, 2023

One key factor to set up the right automations is to match them to the right business objective. For example, companies looking to automate in order to reduce headcount or labor costs might miss the main objective: to improve customer service and grow the business. Forgetting this can be a big mistake.

Consulting 145

Consulting Technology Reporting Software 145

Occam's Razor

JUNE 28, 2010

The very first slide, "Profit: The Ultimate Client Need", shares the key elements that need to function for the outcome (ROI) that causes companies to remain in business. Zach's effort is awesome for these key reasons: Really clear line of sight from Business Objective to Net Income.

Metrics 111

Metrics Key Performance Indicator Data-driven Marketing 111

CIO Business Intelligence

MARCH 26, 2025

I am a key member of the council responsible for formulating the companys business strategy and setting goals, followed by developing 1-year, 3-year, and 5-year plans. This ensures that our technology roadmap is fully aligned with our overarching business objectives and fosters a continuous cycle of innovation and efficiency.

Business Objectives 103

Business Objectives Finance Digital Transformation Data-driven 103

CIO Business Intelligence

FEBRUARY 18, 2025

By assessing the total cost of ownership (TCO) and the return on investment (ROI) for each system, organizations can make informed decisions about where to allocate resources. To create a successful system roadmap, involve key stakeholders from IT, operations, finance, and leadership to ensure you consider all needs.

Strategy 87

Strategy Digital Transformation ROI Finance 87

CIO Business Intelligence

OCTOBER 29, 2024

On the other hand, there are also many cases of enterprises hanging onto obsolete systems that have long-since exceeded their original ROI. Leaders who adopt a crawl-walk-run approach, with thoughtful risk-taking and a strategic focus on actions and results, maximize the business value from IT modernization.”

IT 139

IT Cost-Benefit Strategy Risk 139

CIO Business Intelligence

MARCH 31, 2025

One of the gifts that automation and AI bring is more time, says Mark Sherwood, executive vice president and CIO of Wolters Kluwer, a provider of information, software, and services for tax, accounting, finance, health, and legal professionals. They free up people so they have more time to invest in innovating.

Digital Transformation 127

Digital Transformation Testing Metrics Technology 127

DataKitchen

NOVEMBER 27, 2024

Benefits and Challenges of The CDE Approach Critical Data Element (CDE)–based data quality dashboards are highly effective in regulated industries such as finance, healthcare, and utilities, where organizations are mandated to monitor and report on the quality of specific data elements.

Data Quality 215

Data Quality Dashboards Metrics Cost-Benefit 215

Timo Elliott

FEBRUARY 7, 2025

Facilitating a business-driven approach to modernization ensuring that technology investments align with business objectives rather than just IT priorities. Mistake #3: Lack of Financial Acumen The Problem: CEOs and CFOs are increasingly focused on maximizing ROI from digital investments.

Enterprise 52

Enterprise IT Digital Transformation Cost-Benefit 52