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 105

IT Cost-Benefit Data Science Data-driven 105

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 new paradigm of the operating model is the hallmark of successful organizational transformation. How difficult can it be, after all?

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

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

CIO Business Intelligence

APRIL 8, 2025

These strategies, such as investing in AI-powered cleansing tools and adopting federated governance models, not only address the current data quality challenges but also pave the way for improved decision-making, operational efficiency and customer satisfaction. When customer records are duplicated or incomplete, personalization fails.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

CIO Business Intelligence

MARCH 25, 2024

Modern digital organisations tend to use an agile approach to delivery, with cross-functional teams, product-based operating models , and persistent funding. But to deliver transformative initiatives, CIOs need to embrace the agile, product-based approach, and that means convincing the CFO to switch to a persistent funding model.

Modeling 124

Modeling Cost-Benefit IT ROI 124

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. Analytics can use existing data to model scenarios where customers will respond to different prices. Cost-Plus Pricing.

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

Smart Data Collective

AUGUST 4, 2022

There are many benefits of leveraging analytics in healthcare. Hospitals and individual healthcare providers are using analytics tools to predict the likelihood a patient will develop a disease, minimize medical error rates, reduce costs of delivering treatment and provide a better overall patient experience.

Data-driven 130

Data-driven Modeling Cost-Benefit Big Data 130

IBM Big Data Hub

SEPTEMBER 12, 2023

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023. The models also reduce private sector customs data collection costs by 40%.

Testing 83

Testing Modeling Cost-Benefit Consulting 83

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

Smart Data Collective

MAY 2, 2019

Going in alone might be hard, for the inexperienced but with a local SEO firm like MRC SEO Consulting. It will cost you, but your business will get the publicity you want. Here are some benefits of hiring a local SEO firm for your business: 1. You just have to do it right, in order to see the results. Knowledge of the market.

Big Data 112

Big Data Optimization Modeling Deep Learning 112

CIO Business Intelligence

AUGUST 4, 2022

Many companies that begin their AI projects in the cloud often reach a point when cost and time variables become issues. That’s typically due to the exponential growth in dataset size and complexity of AI models. “In But as models and datasets grow, there’s a stifling effect associated with the escalating compute cost and time. “But

Modeling 97

Modeling Cost-Benefit ROI Data Lake 97

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. In addition, the power of agentic AIs is still in its infancy, they say.

IT 138

IT Cost-Benefit Consulting Modeling 138

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

CIO Business Intelligence

OCTOBER 10, 2024

The growing importance of ESG and the CIO’s role As business models become more technology-driven, the CIO must assume a leadership role, actively shaping how technologies like AI, genAI and blockchain contribute to meeting ESG targets. Vipin also led consulting practices at Accenture, Microsoft and HPE, advising Fortune 100 firms and U.S.

Metrics 124

Metrics Optimization Strategy Technology 124

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

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. High-quality data will be the oil that makes your models hum. Some of this will hinge on what you want your model to do.

IT 137

IT Consulting Cost-Benefit Uncertainty 137

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

AUGUST 20, 2024

Many AI projects have huge upfront costs — up to $200,000 for coding assistants, $1 million to embed generative AI in custom apps, $6.5 million to fine-tune gen AI models, and $20 million to build custom models from scratch, according to recent estimates from Gartner. SMBs are particularly vulnerable to these cost increases.”

Risk 131

Risk Cost-Benefit Insurance ROI 131

CIO Business Intelligence

JULY 10, 2024

Google had to pause its Gemini AI model due to inaccuracies in historical images. The graphic below describes AI maturity levels as defined by IDC’s MaturityScape model. They correlate to a low AI maturity and typically bring limited benefits. They correlate to a moderate AI maturity and can bring moderate benefits.

Risk 111

Risk Strategy Consulting Cost-Benefit 111

Smarten

MARCH 19, 2025

As you discuss AI opportunities with your team and your IT consultant, be sure you understand the terminology. To function, GenAI models must be trained, using large datasets. Tools like DALL-E, Stable Diffusion, and ChatGPT are based on multimodal models. It uses a large volume of data and parameters to train the model.

Cost-Benefit 52

Cost-Benefit Digital Transformation Manufacturing Machine Learning 52

CIO Business Intelligence

SEPTEMBER 25, 2024

A complete list of AI-related vocabulary would be thousands of entries long, but for the sake of urgent relevance, these are the terms heard most among CIOs, analysts, consultants, and other business executives. Agentic systems An agent is an AI model or software program capable of autonomous decisions or actions.

Cost-Benefit 143

Cost-Benefit Modeling Enterprise Contextual Data 143

CIO Business Intelligence

FEBRUARY 12, 2024

Companies that are skeptical of SAP’s intent should look no further than SAP’s recent press conference where CEO Christian Kline spoke of the consent SAP has received from 30,000 customers to leverage their data to inform SAP’s foundational models for the purpose of solving complex business problems.

Consulting 118

Consulting Cost-Benefit Strategy Modeling 118

CIO Business Intelligence

AUGUST 15, 2024

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. Gen AI projects can cost millions of dollars to implement and incur huge ongoing costs, Gartner notes. For example, a gen AI virtual assistant can cost $5 million to $6.5

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

FineReport

JUNE 18, 2024

Unlock the power of data visualization in your decision-making process by partnering with a data visualization consultant. Discover the pivotal role these consultants play in enhancing your business strategies and operations. In the realm of data visualization consulting, identifying key challenges is paramount to success.

Consulting 52

Consulting Visualization Cost-Benefit Dashboards 52

CIO Business Intelligence

NOVEMBER 17, 2023

Managed service provider business model Managed service providers structure their business to offer technology services cheaper than what it would cost an enterprise to perform the work itself, at a higher level of quality, and with more flexibility and scalability.

Management 130

Management IT IoT Cost-Benefit 130

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

CIO Business Intelligence

OCTOBER 17, 2023

The frenzy created by the public release of OpenAI’s ChatGPT has triggered an arms race among hyperscalers to differentiate themselves by developing their own large language models (LLMs), building platforms that enable enterprises to create generative AI applications, and integrating generative AI throughout their portfolios of service offerings.

Marketing 144

Marketing IT Cost-Benefit Enterprise 144

CIO Business Intelligence

AUGUST 14, 2024

It’s embedded in the applications we use every day and the security model overall is pretty airtight. The cost of OpenAI is the same whether you buy it directly or through Azure. Its model catalog has over 1,600 options, some of which are also available through GitHub Models. That’s risky.”

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

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 92

Data Warehouse Recreation/Entertainment Cost-Benefit Data-driven 92

CIO Business Intelligence

AUGUST 16, 2023

ChatGPT is capable of doing many of these tasks, but the custom support chatbot is using another model called text-embedding-ada-002, another generative AI model from OpenAI, specifically designed to work with embeddings—a type of database specifically designed to feed data into large language models (LLM).

Modeling 98

Modeling Enterprise Cost-Benefit Data Science 98

CIO Business Intelligence

OCTOBER 3, 2024

Rather than pull away from big iron in the AI era, Big Blue is leaning into it, with plans in 2025 to release its next-generation Z mainframe , with a Telum II processor and Spyre AI Accelerator Card, positioned to run large language models (LLMs) and machine learning models for fraud detection and other use cases.

Machine Learning 140

Machine Learning Experimentation Insurance Modeling 140

datapine

MARCH 31, 2022

To understand this concept in a practical context, check out this video featuring an explanation from analyst Sonya Fournier: Now that we’ve explored BI in a real-world professional context, let’s look at the benefits of embarking on this occupation. BI consultant. It’s Flexible. A well-crafted business intelligence resume.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

erwin

AUGUST 13, 2020

Today, enterprises are trying to grow and innovate – while cutting costs and managing compliance – in the midst of a global pandemic. Cost Reduction : What can we do to reduce costs while not impacting the business (e.g., balance growth goals with cost reduction, forecast resources needs vs. revenue)?

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

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

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.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

erwin

SEPTEMBER 26, 2019

The benefits of Data Vault automation from the more abstract – like improving data integrity – to the tangible – such as clearly identifiable savings in cost and time. Benefits of Data Vault Automation – A Case Study … Global Pharma Company Saves Considerable Time and Money with Data Vault Automation.

Data Warehouse 108

Data Warehouse Cost-Benefit Data Integration Consulting 108