CIO Business Intelligence

JANUARY 7, 2025

To do so, we need to first ask ourselves three key questions: Question #1: How will we use AI to meet our specific business objectives? ROI quickly becomes DOA. Lets promise ourselves that this will be the year that we adopt a pragmatic approach to harnessing the vast potential of AI.

ROI 52

ROI Business Objectives Technology Optimization 52

CIO Business Intelligence

JULY 5, 2024

This is why many enterprises are seeing a lot of energy and excitement around use cases, yet are still struggling to realize ROI. So, to maximize the ROI of gen AI efforts and investments, it’s important to move from ad-hoc experimentation to a more purposeful strategy and systematic approach to implementation.

ROI 124

ROI Experimentation Risk Cost-Benefit 124

CIO Business Intelligence

DECEMBER 10, 2024

Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. Instead, CIOs must partner with CMOs and other business leaders to help quantify where gen AI can drive other strategic impacts especially those directly connected to the bottom line. Below are five examples of where to start.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

MARCH 19, 2025

Additionally, Deloittes ESG Trends Report highlights fragmented ESG data, inconsistent reporting frameworks and difficulties in measuring sustainability ROI as primary challenges preventing organizations from fully leveraging their data for ESG initiatives.

IT 59

IT Data Governance Data-driven Metrics 59

CIO Business Intelligence

AUGUST 23, 2022

Technology that minimizes operational risk and provides advanced data management and protection that spans the entire edge-to-core continuum. Transitioning to Business Value . The transition from purchasing based on price and features requires a new approach, one that is focused on business challenges, outcomes, and value.

Cost-Benefit 105

Cost-Benefit Business Objectives ROI Risk 105

CIO Business Intelligence

MARCH 30, 2022

Combining the insights of business leaders with the technical expertise of the CIO leads to synergistic decision-making that differentiates organizations and brings prized marketplace disruption. Power business decisions with enriched data. Chief Risk Officer (CRO) – Emerging technology brings new risks.

Technology 98

Technology Internet of Things ROI IoT 98

CIO Business Intelligence

AUGUST 27, 2024

A staged approach enables risk mitigation and resource optimization and ensures modernization efforts bolster operational efficiency and competitive advantage. Plan: Develop a detailed road map considering dependencies, resources, and risk mitigation strategies. Now, let’s delve into the concrete steps and strategies.

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

Rocket-Powered Data Science

JULY 21, 2023

as likely to say that their ROI on observability tools far exceeded expectations. From these data streams, real-time actionable insights can feed decision-making and risk mitigations at the moment of need. Leaders are 7.9x I call that “digital resilience for the win!” Splunk AI Assistant – Boom!

Machine Learning 190

Machine Learning Metrics Internet of Things Reporting 190

CIO Business Intelligence

FEBRUARY 7, 2024

With more APIs, additional effort is required to maintain design consistency and reduce scalability and end-user experience concerns — not to mention the added security risks stemming from a widened surface area. “It Governance practices guide the organization and its tools to achieve all of these objectives with confidence.”

Business Objectives 124

Business Objectives Cost-Benefit Strategy Data-driven 124

CIO Business Intelligence

NOVEMBER 2, 2023

Salesforce found that 41% of line-of-business leaders feel their organization’s data strategy has little or no alignment with business objectives, while 37% of analytics and IT leaders feel the same way. The study suggests that a lack of shared KPIs may be a root cause of this issue.

Data Strategy 137

Data Strategy Strategy Sales Data Governance 137

CIO Business Intelligence

OCTOBER 8, 2024

At what scale do they provide a positive ROI?” Knowledge Graph SAP also unveiled SAP Knowledge Graph, a new solution that SAP’s Alam said “will unlock the full value of SAP data by connecting it with the rich business context captured in SAP applications.” “SAP What prerequisites are required to deploy these autonomous workflows?

Business Objectives 130

Business Objectives ROI Finance Sales 130

Smart Data Collective

NOVEMBER 29, 2021

Companies that neglect to use data analytics, AI and other forms of big data technology risk falling behind to their competitors. Email marketing automation begins with establishing the set of business objectives that you intend to achieve with email marketing automation. Stand out in the subscribers’ inbox.

Data-driven 134

Data-driven Marketing Big Data Sales 134

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

MAY 9, 2023

With this objective in mind: Determine your organization’s innovation appetite (versus its risk appetite; it is too early to speak of ROI in the metaverse). Align on a business objective for the metaverse: Are we trying to engage a specific customer population? Are we trying to improve efficiency?

Digital Transformation 105

Digital Transformation Business Objectives ROI Manufacturing 105

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

JUNE 21, 2023

Align with business goals: Clearly articulate how IT initiatives can directly support the broader business objectives of the company and help gain competitive advantages. Show the short-term and long-term benefits, along with the associated costs and risks. Also spotlight the other side of ROI (return on ignorance).

Modeling 105

Modeling Cost-Benefit Business Objectives Digital Transformation 105

CIO Business Intelligence

MAY 11, 2022

Chief Risk Officer (CRO) – Complying with regulatory guidelines may be challenging during times of disruption, especially in heavily regulated industries. Commercial insurance is another critical risk-mitigation tool used to reduce operational risks. Director, Risk Assessment. Connect with the authors: Matthew Watson.

Management 98

Management Insurance Testing Finance 98

Cloudera

NOVEMBER 25, 2021

Protect: security needs including risk management, fraud detection and cybersecurity initiatives through risk modelling and analysis, regulatory compliance, and financial crime prevention. . Connect: connecting multiple data sources to deliver a more complete understanding of a business and its customer and partner relationships.

Machine Learning 90

Machine Learning IoT Risk Business Objectives 90

Jen Stirrup

OCTOBER 28, 2019

They also need to consider their ROI over their data; their Risk of Incarceration (thank you to Karen Lopez for that one!). Without data governance, it is hard to have robust business intelligence, data science and artificial intelligence. ’ in order to understand how it ties to business objectives.

IT 85

IT Business Intelligence Data Governance Data Science 85

CIO Business Intelligence

JUNE 28, 2023

“The key objectives of this initiative can be summed up as first aiming to reduce our product development timeline by 20%,” Gopalan says. Finally, our goal is to diminish consumer risk evaluation periods by 80% without compromising the safety of our products.” This allowed us to derive insights more easily.”

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

erwin

NOVEMBER 6, 2020

The clear benefit is that data stewards spend less time building and populating the data governance framework and more time realizing value and ROI from it. . agging sensitive information to accelerate compliance efforts and reduce data-related risks.

Data Governance 97

Data Governance Metadata Data-driven Visualization 97

datapine

DECEMBER 17, 2019

They have to align with the company’s strategic objectives and priorities, therefore, their realization needs to be thought out. The purpose is not to track every statistic possible, as you risk being drowned in data and losing focus. This is why it is highly important to report correctly.

Reporting 173

Reporting IT Key Performance Indicator Dashboards 173

IBM Big Data Hub

MAY 6, 2024

More than 50% of respondents are concerned about unpredictable risks impacting generative AI initiatives and fear they will create increased potential for business disruption. AI that strays from what it was operationally designed to do can introduce new risks with unforeseen business impacts.

Enterprise 65

Enterprise Risk Strategy Business Objectives 65

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

JUNE 12, 2023

In 2012, COBIT 5 was released and in 2013, the ISACA released an add-on to COBIT 5, which included more information for businesses regarding risk management and information governance. The framework gives CIOs and other IT executives a way to demonstrate the ROI on an IT project and how it will help reach key business objectives.

Risk Management 94

Risk Management Strategy Digital Transformation Enterprise 94

IBM Big Data Hub

AUGUST 11, 2023

Consider the potential return on investment (ROI) based on improved productivity, reduced downtime and enhanced efficiency. Reduce risk, maintain compliance and increase ROI with applications built on 30+ years of market-leading technology.

Software 68

Software Manufacturing Internet of Things Cost-Benefit 68

datapine

JANUARY 18, 2023

They convey information between team members and departments to keep communication flowing regarding goals and business objectives. Project Reports Projects are key to keeping a business moving in the right direction while keeping innovation and evolution at the forefront of every plan, communication, or campaign.

Reporting 201

Reporting Metrics Dashboards Visualization 201

IBM Big Data Hub

AUGUST 30, 2023

However, there are a few risks to take into consideration when choosing a SaaS option. By understanding the strengths and limitations of each option, customers can choose the deployment option that meets their business objectives. IBM Maximo customers will be required to move to IBM MAS when Maximo 7.x

Data Processing 66

Data Processing Cost-Benefit Internet of Things Enterprise 66

IBM Big Data Hub

JUNE 23, 2023

Well-trained models can ensure that you adhere to predefined rules, standards and guidelines, reducing the risk of errors and eliminating inconsistencies in these narratives. Start with a pilot project that addresses a specific business problem or challenge. Refine your approach further and scale up to other use cases gradually.

Finance 58

Finance Reporting Cost-Benefit Modeling 58

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. Establishing a Reliable Data Layer and Breaking Down Silos is the First Step.

Predictive Analytics 59

Predictive Analytics Marketing Analytics Data-driven 59

CIO Business Intelligence

JANUARY 17, 2025

According to a recent survey from IBM, many IT leaders appear to be favoring one approach at the risk of missing out on the other. And while organizations have begun to see ROI on AI implementations, those focused on innovation dont expect to see positive financial results from AI projects anytime soon, IBM found.

ROI 131

ROI Consulting Strategy Business Objectives 131

CIO Business Intelligence

NOVEMBER 21, 2024

In our fast-changing digital world, it’s essential to sync IT strategies with business objectives for lasting success. Technology has shifted from a back-office function to a core enabler of business growth, innovation, and competitive advantage.

Strategy 122

Strategy IT Business Objectives Cost-Benefit 122

CIO Business Intelligence

JANUARY 6, 2025

A PMOs real job, at any level in the organization, is to accelerate strategy delivery in a way that maximizes ROI, not just manage tasks and timelines. Without this upfront alignment, even the best-executed projects risk falling short of delivering meaningful business outcomes. What should an EPMO do?

Strategy 111

Strategy ROI Measurement Risk 111

CIO Business Intelligence

DECEMBER 31, 2024

As AI technologies evolve, organizations can utilize frameworks to measure short-term ROI from AI initiatives against key performance indicators (KPIs) linked to business objectives, says Soumendra Mohanty, chief strategy officer at data science and AI solutions provider Tredence.

Management 139

Management Key Performance Indicator Business Objectives Digital Transformation 139

CIO Business Intelligence

MARCH 17, 2025

Without buy-in, AI risks being underutilized or outright rejected, rendering investments ineffective. Without clear guidelines for responsible AI use, organizations risk deploying biased algorithms, mishandling sensitive data, or pursuing problematic use cases that can trigger regulatory penalties and reputation damage, he says.

Measurement 129

Measurement Strategy Risk ROI 129

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