CIO Business Intelligence

APRIL 18, 2024

A new breed of AI assistant has set its sights on the enterprise user in recent months, with Microsoft and other vendors promising huge productivity gains that offset the cost. Its Copilot for Microsoft 365, a high-profile offering among the growing list of AI agents, costs $30 per seat per month, with a 300-seat minimum. No,” he says.

Cost-Benefit 140

Cost-Benefit ROI Sales Enterprise 140

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 Those costs don’t include recurring costs, which can run into the thousands of dollars per user each year. SMBs are particularly vulnerable to these cost increases.”

Risk 131

Risk Cost-Benefit Insurance ROI 131

Jet Global

JUNE 30, 2020

They get a leg up on the competition, launch new innovations, and benefit as the economy moves back in a positive direction. CFOs have an opportunity to play a key role in positioning their companies for a successful rebound by carefully assessing return on investment (ROI) and helping the C-suite make the right capital investments.

ROI 59

ROI Uncertainty Finance Cost-Benefit 59

CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. CFOs have grown comfortable with the traditional project-based approach, through which they believe they get a better handle on spend certainty and a better sense of ROI.

Modeling 124

Modeling Cost-Benefit IT ROI 124

Alation

FEBRUARY 13, 2020

To answer that question, Alation worked with Forrester Consulting and seven of our production customers to conduct a Total Economic Impact (TEI) study. The research examined the potential ROI enterprises realize by deploying Alation. They looked at the benefits, costs and risks associated with a data catalog investment.

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

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 138

IT Consulting ROI Cost-Benefit 138

IBM Big Data Hub

MARCH 14, 2024

However, while embracing hybrid cloud might be intrinsic, clients continually seek to derive business value and higher return on investment (ROI) from their investments. The lack of ROI progress can be attributed to several factors, including slow adoption, unrealized use cases and unaddressed cloud sprawl.

ROI 68

ROI Business Objectives Cost-Benefit Enterprise 68

CIO Business Intelligence

MAY 29, 2024

The ROI for applying artificial intelligence to business processes has been well documented, especially when applied to manual tasks. McKinsey reports that 48% of companies that adopt these tools experience a revenue increase, and 43% say they’ve cut costs with AI tools that automate manual tasks, lessen errors, and speed up processes.

Sales 98

Sales ROI Cost-Benefit Reporting 98

CIO Business Intelligence

SEPTEMBER 9, 2024

Even Goldman Sachs, previously bullish on the AI story, has raised concerns over whether there’ll be positive ROI for many of the investments being made in the technology. But there comes a point in a new technology when its potential benefits become clear even if the exact shape of its evolution is opaque.

Cost-Benefit 131

Cost-Benefit Experimentation ROI Digital Transformation 131

IBM Big Data Hub

AUGUST 8, 2023

We provide current and new clients the unique opportunity to take advantage of the combined value from our technology, cloud, and consulting services alongside our ecosystem of partners to meet ever-evolving business needs. times higher ROI versus public cloud alone. Because we know a hybrid cloud approach brings an average of 2.5

Enterprise 75

Enterprise Consulting ROI Cost-Benefit 75

CIO Business Intelligence

MAY 9, 2023

Like most CIOs you’ve no doubt leaned on ROI, TCO and KPIs to measure the business value of your IT investments. Of late, concerns about the public “cloud-first” approach have emerged to challenge business value and skewer ROI, TCO and KPIs. Others conducted apples-to-apples comparisons of public cloud versus on-premises costs.

ROI 126

ROI Cost-Benefit KPI Uncertainty 126

CIO Business Intelligence

DECEMBER 5, 2023

Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Each dollar of operational cost reduction drips directly to the bottom line.”

IT 138

IT Cost-Benefit ROI Digital Transformation 138

CIO Business Intelligence

SEPTEMBER 30, 2024

Such statistics don’t tell the whole story, though, says Beatriz Sanz Sáiz, EY’s global consulting data and AI leader. Like others, Sanz Sáiz sees AI delivering benefits in productivity, efficiency, experience, safety, automation, and many other areas that are so significant in scale and scope that they’re transformational.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

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. But as models and datasets grow, there’s a stifling effect associated with the escalating compute cost and time. That’s typically due to the exponential growth in dataset size and complexity of AI models. “In

Modeling 97

Modeling Cost-Benefit ROI Data Lake 97

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 139

Cost-Benefit Digital Transformation Consulting Strategy 139

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.

Cost-Benefit 85

Cost-Benefit Insurance Advertising Consulting 85

IBM Big Data Hub

FEBRUARY 12, 2024

A key reason for this hesitancy is the complexity and cost of migrating to a new ERP platform. SAPinsider’s RISE with SAP 2023 report identified the primary benefit as the single contract that enables a cost-effective move 2. As with most enterprise IT modernization programs, there is no one-size-fits-all solution.

Cost-Benefit 67

Cost-Benefit Data Processing Consulting ROI 67

CIO Business Intelligence

AUGUST 14, 2024

The cost of OpenAI is the same whether you buy it directly or through Azure. Organizations typically start with the most capable model for their workload, then optimize for speed and cost. Platform familiarity has advantages for data connectivity, permissions management, and cost control. It’s a very different beast.”

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

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

CIO Business Intelligence

JULY 26, 2024

It also means some individual cloud projects fail, there’s been a change of provider, or there’s some disillusionment regarding costs of new cloud operating models. And more than 22% of respondents are still asking themselves about the benefits or ROI after they’ve started their cloud journey.

Digital Transformation 142

Digital Transformation Cost-Benefit Data Processing Risk 142

IBM Big Data Hub

OCTOBER 25, 2023

First, technology leaders need to estimate the full financial impact of modernization (versus the cost of not modernizing) across the organization. Creating a customized ROI framework In generative AI, ROI calculation methods are not mature or standardized, nor are comparative benchmarks often available.

Cost-Benefit 82

Cost-Benefit ROI Modeling Data-driven 82

Smarten

MARCH 26, 2024

Embedded BI Can Provide Numerous Benefits to the Team and the Enterprise! If you are developing your own solution, you are using in-house resources or engaging IT consultants. When a business invests in technology, either to buy a best-of-breed solution or to develop their own enterprise apps, there is significant expense.

Enterprise 65

Enterprise Cost-Benefit ROI Business Intelligence 65

IBM Big Data Hub

NOVEMBER 10, 2023

Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs.

Cost-Benefit 95

Cost-Benefit Insurance Consulting Unstructured Data 95

CIO Business Intelligence

APRIL 20, 2023

They cannot secure it; they cannot effectively manage it; and they cannot control the spiraling costs of maintaining a mismatched portfolio of security tools with overlapping capabilities. One approach for organizations looking to counter tool sprawl and reduce costs is to deploy a single, authorized platform to handle multiple functions.

Cost-Benefit 72

Cost-Benefit ROI Digital Transformation Software 72

IBM Big Data Hub

NOVEMBER 6, 2023

Through workload optimization, watsonx.data can reduce the cost of an enterprise’s data warehouse by up to 50%. Paired with IBM’s data consulting services, enterprises can leverage watsonx.data to track usage, generate dashboards and ultimately enable strategic decision making.

Cost-Benefit 101

Cost-Benefit Enterprise Data Warehouse ROI 101

CIO Business Intelligence

DECEMBER 7, 2022

million in labor costs (contract or permanent) over a three-year period. Building a business case and defining a clear path to ROI. Balancing short-term and long-term needs and cost-benefits analysis/ROI. Each method has its own benefits and challenges and is best suited to specific scenarios.

ROI 97

ROI Cost-Benefit Data-driven Modeling 97

IBM Big Data Hub

JUNE 2, 2023

IBM Consulting’s Accelerated Incremental Mainframe Modernization Legacy applications, while being the current crown jewels of states’ IT ecosystems, hinder business agility and are expensive and complicated, therefore making any rebuild, refactor or integration attempts risky. Why IBM Consulting and AWS?

Consulting 79

Consulting Cost-Benefit Technology Data Warehouse 79

CIO Business Intelligence

AUGUST 2, 2023

Modernize with purpose Before you begin, it’s essential to tie any app modernization project to the business need that is being addressed, says Aparna Sharma, a managing partner for hybrid cloud services at IBM Consulting. Picking the right approach requires carefully studying all of the available options before making a final selection.

Consulting 98

Consulting Testing Software ROI 98

CIO Business Intelligence

JANUARY 2, 2024

What benefit does AI serve to that department? Chris Bowers,CIO of Boston Consulting Group, puts it this way: “In 2024, we’re going to go after generative AI very aggressively. Having moved IT from a cost center to a business enabler, some now set their sights on making it a “business catalyst.” “In We’re piloting, PoC-ing.

IT 144

IT Cost-Benefit Statistics Consulting 144

Smart Data Collective

MAY 17, 2023

AI has a number of benefits for ERP software: AI technology can improve how ERP software handles and analyzes data. When integrated with an ERP system, AI can identify inefficient processes and suggest cost-cutting solutions. Cloud-based ERPs have a much lower cost of ownership and tend to provide a better return on investment.

Enterprise 100

Enterprise Cost-Benefit Software Data-driven 100

CIO Business Intelligence

MAY 13, 2024

But where the puck is moving to is really around business use cases and identifying use cases where they will see value from their AI investments,” says Dera Nevin, a data lawyer, information risk management expert, and managing director in the technology segment at FTI Consulting. And many aren’t seeing returns after adopting AI.

IT 131

IT Digital Transformation ROI Strategy 131

CIO Business Intelligence

APRIL 22, 2024

As such, Scavuzzo and his team look for technologies that do way more than boost productivity or cut costs. Moreover, Scavuzzo saw an additional business benefit to such an approach, thanks to scale: Using anonymized data, Marcum could analyze and compare client performance and thereby provide better consulting advice to them.

IT 125

IT Data-driven Strategy Consulting 125

CIO Business Intelligence

JUNE 20, 2024

IT teams staff for select domain skills and supplement with their own form of ‘free agents,’ aka consultants. How do you build and invest in these relationships, and what are the benefits? There needs to be an ROI associated with each innovative endeavor. You have your full-time lineup of veteran leaders.

IT 123

IT Risk ROI Cost-Benefit 123

CIO Business Intelligence

APRIL 13, 2023

“If you look at security from a purely technical perspective, it’s easy to get lost in, `I need to have this shiny object because everyone else has it,’” says David Christensen, VP and CISO at benefits administration software provider PlanSource. Christensen further suggests explaining how security can cut costs or increase productivity.

IT 111

IT Cost-Benefit Risk Consulting 111

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. managing risk vs ROI and emerging countries)? Cost Reduction : What can we do to reduce costs while not impacting the business (e.g., M&A, new markets, products and businesses).

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

IBM Big Data Hub

NOVEMBER 22, 2023

Here are some key benefits an enterprise resource planning system can bring when managing all aspects of the business. Improve transparency and insights One of the benefits of ERP is that it offers full access to every business function and process in an organization all in one place. An ERP system could potentially reduce those costs.

Cost-Benefit 60

Cost-Benefit Consulting Software Enterprise 60

Smart Data Collective

JANUARY 27, 2022

They have heard that big data can be useful, so they invest in it without much consideration for their ROI. Not only will this improve productivity, but it can also lead to cost savings down the road. Tip: Be sure to consult with your employees before making any major purchases. And that is always something worth investing in.

Optimization 111

Optimization IT Big Data Cost-Benefit 111