CIO Business Intelligence

JUNE 20, 2023

Taking any consultant’s guidance at face value is risky and potentially enterprise and career damaging. Before embracing any external advice on any IT or business issue, check out the following eight ways to determine whether a consultant is truly on track.

Consulting 111

Consulting IT Cost-Benefit ROI 111

CIO Business Intelligence

NOVEMBER 1, 2024

Paul Beswick, CIO of Marsh McLellan, served as a general strategy consultant for most of his 23 years at the firm but was tapped in 2019 to relaunch the risk, insurance, and consulting services powerhouse’s global digital practice. It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized.

IT 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

JANUARY 3, 2025

But many enterprises have yet to start reaping the full benefits that AIOps solutions provide. Understanding the root cause of issues is one situational benefit of AIOps. In addition to making IT systems more resilient, these operational improvements lower IT costs, enable innovation, and bolster the customer experience.

IT 106

IT Cost-Benefit Data Science Data-driven 106

DataKitchen

JANUARY 6, 2021

Thirty-six percent of the total time of a ten-person team, based on a full-time employee (FTE) cost of $156,000 amounts to $561,000. If your company spends millions on consulting fees and outside contractors, DataOps automation could make a significant contribution to the bottom line. Cost of Slow Decision Making.

Cost-Benefit 246

Cost-Benefit Testing Strategy Metrics 246

CIO Business Intelligence

NOVEMBER 13, 2024

So for all its vaunted benefits to efficiency, gen AI doesn’t always reduce workloads. Steve Ross, director of cybersecurity for the Americas at S-RM Intelligence and Risk Consulting, says gen AI can reduce a day’s worth of research to a single hour, but not without a catch. “It

IT 141

IT Consulting ROI Cost-Benefit 141

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. These applications are designed to benefit logistics and shipping companies alike. Did you know?

Big Data 275

Big Data Internet of Things Cost-Benefit Optimization 275

DataKitchen

NOVEMBER 4, 2021

Automation provides a way to accomplish this without hiring expensive teams of consultants. DataOps eliminates bottlenecks and delays by putting everything related to analytics under the control of the internal data team and reducing the need for outside consultants. Table 1: DataKitchen Platform process hub features and benefits.

Data Processing 246

Data Processing Data Lake Cost-Benefit Testing 246

DataKitchen

FEBRUARY 1, 2021

These benefits are hugely important for data professionals, but if you made a pitch like this to a typical executive, you probably wouldn’t generate much enthusiasm. They need to grow sales, pursue new business opportunities, or reduce costs. Stakeholders have hired consultants or shadow teams to do data work.

Business Objectives 245

Business Objectives Cost-Benefit Measurement Metrics 245

Smart Data Collective

SEPTEMBER 28, 2021

Benefits of AI and IoT in Businesses. The advantages of IoT and AI could be combined to reap the full benefits of both. A good example of this is Google’s drop in data center cooling costs, which they may achieve through the use of AI and IoT. Also, IoT consulting services might help companies reach their full potential.

IoT 145

IoT Internet of Things Cost-Benefit Consulting 145

CIO Business Intelligence

JANUARY 7, 2025

In todays fast-paced digital landscape, the cloud has emerged as a cornerstone of modern business infrastructure, offering unparalleled scalability, agility, and cost-efficiency. This serves as a baseline to drive cloud adoption and getting started with a shifting mindset on how to make money with cloud and not just cost savings alone.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

CIO Business Intelligence

DECEMBER 30, 2024

Anshu Bhardwaj, SVP and COO at Walmart Global Technology says that consumers arent the only ones who stand to benefit from mobile AI. Today, AI agents are relatively expensive, and inference costs can add up quickly for companies looking to deploy massive systems. But thats going to shift, he says.

ROI 141

ROI Software Modeling Interactive 141

CIO Business Intelligence

APRIL 30, 2025

The study found better oversight of business workflows to be the top perceived benefit of it. She sees potential in using agents to schedule client work and match client requirements with the best-skilled and cost-effective resources. Many organizations are in the process of moving AI hype into calculated action.

IT 90

IT Sales Cost-Benefit Data-driven 90

Smart Data Collective

AUGUST 30, 2022

That figure is expected to grow as more businesses discover its benefits. Prices must account for the company’s key value metric, cost structure, buyer personas, and other factors like competition. Cost-Plus Pricing. In this model, you create a cost structure for your product, then add a required profit margin.

B2B 145

B2B Analytics Cost-Benefit Metrics 145

CIO Business Intelligence

JULY 18, 2024

“It’s very reminiscent of the early days of cloud when it was ‘weapons-free’ on spending with everyone trying to implement cloud — and now genAI — everywhere but with little to no cost control or governance,” he says. We’ve already seen the cost of AI really start to negatively impact cloud budgets,” he says. “In

Cost-Benefit 136

Cost-Benefit Experimentation Consulting Modeling 136

CIO Business Intelligence

JANUARY 3, 2024

In fact, VSM has been shown to deliver significant organizational benefits and quantifiable, financial ROI. In November 2023, Forrester Consulting conducted a Total Economic Impact™ (TEI) study, commissioned by Broadcom, which found organizations using ValueOps, a dedicated VSM solution, can realize significant financial benefits.

Management 133

Management Cost-Benefit ROI Data-driven 133

datapine

MAY 21, 2019

Armed with BI-based prowess, these organizations are a testament to the benefits of using online data analysis to enhance your organization’s processes and strategies. Many are also overwhelmed by where to start, worried about cost and effort, and discouraged by stories of BI failures. “Up And the success stories are seemingly endless.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards ROI 183

AWS Big Data

NOVEMBER 22, 2024

This persistent session model provides the following key benefits: The ability to create temporary tables that can be referenced across the entire session lifespan. Calls to the Data API are asynchronous.

Data Warehouse 105

Data Warehouse Recreation/Entertainment Cost-Benefit Data-driven 105

CIO Business Intelligence

MARCH 5, 2025

Top impacts of digital friction included: increased costs (41%)increased frustration while conducting work (34%) increased security risk (31%) decreased efficiency (30%) lack of data for quality decision-making (30%) are top impacts. But this same data holds the key to increasing safety, improving project execution, and boosting uptime.

Management 86

Management Data-driven Cost-Benefit Risk 86

CIO Business Intelligence

MARCH 25, 2025

Companies should therefore already be taking concrete steps to implement the EU AI Act and the EU Data Act, explains Daniel Andernach , Associated Partner at MHP , an international management and IT consultancy. Through needs-based shoring, the company can benefit from additional efficiency gains.

IT 95

IT Key Performance Indicator Risk Reporting 95

CIO Business Intelligence

AUGUST 9, 2024

Companies eager to harness these benefits can leverage ready-made, budget-friendly models and customize them with proprietary business data to quickly tap into the power of AI. But first, they need to consider where it fits in their organization, which processes will benefit the most, whether to buy or build it, and what it’ll cost.

Cost-Benefit 140

Cost-Benefit Data Governance Interactive Modeling 140

CIO Business Intelligence

JULY 22, 2024

IT leader and former CIO Stanley Mwangi Chege has heard executives complain for years about cloud deployments, citing rapidly escalating costs and data privacy challenges as top reasons for their frustrations. They, too, were motivated by data privacy issues, cost considerations, compliance concerns, and latency issues.

Optimization 128

Optimization Strategy IT Cost-Benefit 128

CIO Business Intelligence

SEPTEMBER 19, 2024

Companies that fail to build their own AI agents will turn to outside AI consulting firms to build custom agents for them, or they will use agents embedded in software from their current vendors, write Forrester analysts Jayesh Chaurasia and Sudha Maheshwari. “We Kumar adds.

IT 138

IT Cost-Benefit Consulting Modeling 138

CIO Business Intelligence

JULY 10, 2024

They correlate to a low AI maturity and typically bring limited benefits. They correlate to a moderate AI maturity and can bring moderate benefits. They correlate to a high AI maturity and can bring big benefits. We examine the risks of rapid GenAI implementation and explain how to manage it.

Risk 111

Risk Strategy Consulting Cost-Benefit 111

CIO Business Intelligence

NOVEMBER 14, 2023

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Cloud costs will often — and rapidly — become large line items on budgets. Cloud costs will often — and rapidly — become large line items on budgets. Are we taking advantage of cloud-native benefits?

Strategy 145

Strategy Cost-Benefit IT Key Performance Indicator 145

Smart Data Collective

MARCH 23, 2023

AI technology offers a number of major benefits of small businesses and freelancers. However, one of the other benefits of AI is that it can help with your taxes! Advanced AI algorithms can reduce costs, save time, and improve ROI. You can also deduct the cost of your AI-driven tax preparation software. trillion by 2030.

Cost-Benefit 113

Cost-Benefit Insurance Advertising Consulting 113

DataKitchen

AUGUST 27, 2021

Arguably the most agile and effective data analytics capability in the pharmaceutical industry was accomplished cost-effectively, with a data engineering team of seven and another 10-12 data analysts. Some features and benefits of the DataKitchen DataOps Platform are shown in the table below.

Analytics 246

Analytics Sales Testing Cost-Benefit 246

CIO Business Intelligence

AUGUST 8, 2024

Gen AI offers many opportunities to spend too much and get too little in return when, instead, companies can use their gen AI budgets more strategically, allowing them to reap more benefits from investments and pull ahead of their competitors. Last year, only 3% of respondents said that gen AI implementation cost was a concern.

Cost-Benefit 140

Cost-Benefit Modeling Consulting Enterprise 140

Smart Data Collective

MAY 1, 2022

One of the benefits of leveraging machine learning is that it can help with develop employee compensation schemes. She talked about the benefits of ensuring employees are paid based on their respective value, rather than their position. The leisure and hospitality businesses rely largely on tronc benefits.

Machine Learning 136

Machine Learning Management Cost-Benefit Insurance 136

CIO Business Intelligence

JANUARY 11, 2023

As technology projects, budgets, and staffing grew over the past few years, the focus was on speed to market to maximize opportunity, says Troy Gibson, CIO services leader at business and IT advisory firm Centric Consulting. Avila believes there will be a significant focus on cost optimization via technology in 2023.

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

datapine

APRIL 16, 2019

Data driven decision making (DDDM) is a process that involves collecting data based on measurable goals or KPIs, analyzing patterns and facts from these insights, and utilizing them to develop strategies and activities that benefit the business in a number of areas. The cost of waiting to see what happens is well documented….

Data-driven 287

Data-driven Dashboards Visualization Cost-Benefit 287

CIO Business Intelligence

MARCH 19, 2025

The company has significantly reduced costs by shifting to more effective self-service support channels. With tens of thousands of employees and consultants requiring assistance, service teams were handling an overwhelming number of repetitive and routine inquiries, leaving little time for resolving more complex issues.

Cost-Benefit 52

Cost-Benefit Finance Interactive Consulting 52

Smart Data Collective

JULY 19, 2021

When you decide to relocate or broaden your data center, you need to take into account the costs, operational capability, and security. Benefits Of Data Center Colocation. This is probably the second most adored benefit of data center colocation solutions. On the other hand, retail providers deal with smaller spaces.

Cost-Benefit 133

Cost-Benefit Risk Management Risk Consulting 133

CIO Business Intelligence

APRIL 5, 2022

As consulting firm Deloitte notes, the free movement and operation of people, raw materials, finished goods, and factory operations have been stymied. Second, Optimas is using data analytics to help better collaborate with its business customers to reduce costs and better manage their inventories.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

datapine

JANUARY 24, 2021

An average business user and cross-departmental communication will increase its effectiveness, decreasing time to make actionable decisions and, consequently, provide a cost-effective solution. We have used a marketing example, but every department and industry can benefit from a proper data preparation process.

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

FEBRUARY 12, 2024

On one hand, 76% of IT leaders agree that genAI will be significant if not transformative in boosting productivity, streamlining processes and reducing costs for their organizations, according to a Dell survey. This will reduce infrastructure overhead while helping you manage costs. Execute the strategy You’re ready to begin building.

IT 137

IT Consulting Cost-Benefit Uncertainty 137

CIO Business Intelligence

SEPTEMBER 3, 2024

On the other hand, shareholders and owners who see the value of the organization diminish while it responds to the attack will expect a timely response and business resumption in a cost-benefit manner. Babin has extensive experience as a senior management consultant at two global consulting firms.

Consulting 128

Consulting Cost-Benefit Marketing Management 128

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.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation. Our focus is on curating reusable data and AI insights,” she says.

Cost-Benefit 140

Cost-Benefit Digital Transformation Consulting Strategy 140