CIO Business Intelligence

NOVEMBER 13, 2024

Managers tend to incentivize activity metrics and measure inputs versus outputs,” she adds. 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 21, 2019

1) Too expensive and hard to justify the ROI of BI. Also, limited resources make looking for qualified professionals such as data science experts, IT infrastructure professionals and consulting analysts impractical and worrisome. They also need these tools to generate a true ROI. 2) Lack of company-wide adoption.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards ROI 183

CIO Business Intelligence

FEBRUARY 13, 2024

IT leaders are drowning in metrics, with many finding themselves up to their KPIs in a seemingly bottomless pool of measurement tools. To name a few — products and services that are delivered on time and on budget, and overall IT ROI.” You have to have a good measure of which teams need to move fast and what they are really achieving.”

Metrics 140

Metrics IT ROI Measurement 140

Occam's Razor

FEBRUARY 25, 2013

But we've never stopped to consider this question: What is the return on investment (ROI) of digital analytics? Let's calculate the ROI of digital analytics. Businesses, by and large, don’t understand the ROI of analytics… the Return on Analytics , if you will. get measured by their Return on Ad Spend.

Analytics 143

Analytics ROI Marketing Modeling 143

datapine

JANUARY 24, 2021

Or even better: “Which marketing campaign that I did this quarter got the best ROI, and how can I replicate its success?”. Once you have your data analytics questions, you need to have some standard KPIs that you can use to measure them. Giving the most ROI? This quote might sound a little dramatic. Driving revenue?

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

SEPTEMBER 6, 2023

Rahul Mahna, partner and outsourced IT services leader at management consulting firm Eisner Advisory Group, believes that scenario-playing with teams and management colleagues can spur useful security insights. Are we achieving maximum ROI on our security investments? Do we address cyber scenarios to the extent that we should?

IT 142

IT ROI Risk Strategy 142

CIO Business Intelligence

AUGUST 15, 2024

Determining the ROI for “ubiquitous” gen AI uses, such as virtual assistants or intelligent chatbots , can be difficult, says Frances Karamouzis, an analyst in the Gartner AI, hyper-automation, and intelligent automation group. CIOs need to be able to articulate the business value and expected ROI of each project.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

Occam's Razor

AUGUST 22, 2011

Key To Your Digital Success: Web Analytics Measurement Model. " Measuring Incrementality: Controlled Experiments to the Rescue! Barriers To An Effective Web Measurement Strategy [+ Solutions!]. Measuring Online Engagement: What Role Does Web Analytics Play? "Engagement" How Do I Measure Success?

KPI 125

KPI Metrics Measurement ROI 125

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. Those Three Big Acronyms are still important for fine-tuning your IT operations, but success today is increasingly measured in business outcomes. Maybe you’ve even surpassed expectations in each of these yardsticks.

ROI 127

ROI Cost-Benefit KPI Uncertainty 127

CIO Business Intelligence

APRIL 18, 2024

AI technology is moving so fast, and the ROI is still murky, making it difficult to commit to one AI assistant, he says. Mike Mason, chief AI officer at IT consulting firm Thoughtworks, has arrived at a similar wait-and-see spot as Gunkel has, even though Mason is a self-described “AI optimist.”

Cost-Benefit 140

Cost-Benefit ROI Sales Enterprise 140

Occam's Razor

MARCH 23, 2010

Part of it fueled by some Consultants. Too many new things are happening too fast and those of us charged with measuring it have to change the wheels while the bicycle is moving at 30 miles per hour (and this bicycle will become a car before we know it – all while it keeps moving, ever faster). Part of it fueled by Vendors.

Analytics 119

Analytics Consulting Metrics Experimentation 119

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 125

Modeling Cost-Benefit IT ROI 125

CIO Business Intelligence

SEPTEMBER 25, 2023

To that end, CIO.com asked a half-dozen longtime IT leaders — current and former CIOs as well as consultants and executive advisers — to share the questions they think CIOs should ask themselves to determine whether they’re sailing to success or about to dash onto the rocks. The question to ask is, ‘Am I measuring value and how am I doing it?’”

Digital Transformation 145

Digital Transformation Measurement Data-driven Metrics 145

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

Anmut

MARCH 22, 2023

A data maturity model helps your company measure its data and business health. The Anmut 5-step data maturity model At Anmut, we’ve created a data maturity model in consultation with data managers, academics, and business leaders. Monitoring data performance Once you’re able to measure and invest in your data, you need to monitor it.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

CIO Business Intelligence

MAY 9, 2022

While strong ROI is compelling, so is the fact that people issues are one of the top enterprise risks. When the cascade of vision, strategic objectives and metrics align, organizations are well-positioned for optimized ROI. Create opportunities to talk about the digital transformation, frequently. What should companies do now?

Technology 97

Technology ROI Metrics Digital Transformation 97

CIO Business Intelligence

APRIL 18, 2022

While it’s critical for tech leaders to communicate throughout a digital project, it’s also important to communicate appropriately, says Rich Nanda, US strategy and analytics offerings leader, at Deloitte Consulting. Rich Nanda, US strategy and analytics offerings leader, Deloitte Consulting. Deloitte Consulting. “In

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

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. Tip: Be sure to consult with your employees before making any major purchases. Tip: When it comes to network upgrades, be sure to consult with your IT team before making any moves. 2 Invest in Cloud Computing.

Optimization 124

Optimization IT Big Data Cost-Benefit 124

CIO Business Intelligence

DECEMBER 5, 2023

Companies taking a multicloud approach can experience ballooning OpEx numbers, says Barrett Schrader, managing director of the technology consulting group at Protiviti: “Organizations can take advantage of volume discounts with reduced complexity. A major cost-cutting measure we’re undergoing is evaluating and consolidating vendors.

IT 138

IT Cost-Benefit Digital Transformation ROI 138

BA Learnings

AUGUST 7, 2021

Boston Consulting Group conducted a digital transformation study in 2020 to find out why such projects are missing the mark. You can measure the number of click-throughs your products are getting by using web analytics tools like Bitly, for example, to determine if the website is generating the right buzz.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

Occam's Razor

MARCH 10, 2015

Universal Analytics: T3: Measurement Protocol! Measurement Protocol – all your data are belong to us! Think about the deep understanding you can get of your customers, and the profound implications on marketing ROI and where you spend your budgets, content creation, multi-channel touch-points, and everything I'm forgetting.

Strategy 153

Strategy Analytics Measurement Business Analysis 153

datapine

MAY 11, 2022

Moreover, a business intelligence strategy with visualization capabilities boasts a ROI of $13.01 This financial analytics metric measures the value of a company’s shares compared to an industry benchmark (second variable). Keep them short and concise and always add the units of measurement. back on every dollar spent.

Visualization 252

Visualization Dashboards Key Performance Indicator Sales 252

Occam's Razor

APRIL 25, 2011

Hire smart consultants. Doing anything on the web without a Web Analytics Measurement Model. Bring a structured approach to your measurement strategy, bring some process, let a Web Analytics Measurement Model be the foundation of your program. Or at least have a plan to measure * something*. The 10/90 rule.

Marketing 127

Marketing Metrics Measurement Testing 127

Occam's Razor

DECEMBER 9, 2013

They find the closest industry leader (L'Oreal, Booking, Zyrtec, Innocent Drinks, CSC Consulting). To learn more about the Do in stage one please review my See-Think-Do-Coddle framework for content, marketing and measurement.]. Bonus: Facebook Marketing: Best Metrics, ROI, Business Value ]. " If you hear that, run.

Marketing 165

Marketing Analytics Key Performance Indicator Optimization 165

BizAcuity

FEBRUARY 21, 2025

Marketing gaining precise insights into ROI, allowing them to optimize ad spend and refine campaign strategies With such integration, you can expect measurable improvements, as decisions are made based on a single, reliable source of truth rather than disconnected reports.

Dashboards 52

Dashboards Optimization Finance Sales 52

Smart Data Collective

MAY 15, 2021

You will have a higher ROI from using AI to help focus on long-term SEO strategies instead. Business owners must therefore remain proactive and put up measures to avoid penalization. Before hiring a search engine optimization agency or consultant, ensure that the quality offered marries with your business quality.

Advertising 123

Advertising Optimization Marketing Strategy 123

CIO Business Intelligence

JUNE 29, 2022

Bold claims about RPA from vendors and implementation consultants haven’t helped. The RPA center of excellence develops business cases, calculating potential cost optimization and ROI, and measures progress against those goals. Quick wins are possible with RPA, but propelling RPA to run at scale is a different animal.

Cost-Benefit 145

Cost-Benefit Software Machine Learning Enterprise 145

Occam's Razor

APRIL 21, 2014

I am having issues prioritizing 1) recommending fixing on site issues affecting real traffic levels versus 2) correcting significant configuration issues in Analytics measuring current site traffic. Even the worst analytics configuration in the world will most likely allow you to measure cart and checkout abandonment rate.

Marketing Analytics 132

Marketing Analytics Marketing Analytics Metrics 132

Smart Data Collective

SEPTEMBER 6, 2020

All software will require some degree of customization, but to control costs and speed time to ROI you want to minimize the amount of customization that’s necessary. Remember to consider costs associated with implementation, consultants, maintenance, hosting, and data security costs. Then consider costs to upgrade and update too.

B2B 135

B2B Data Analytics Analytics Cost-Benefit 135

CIO Business Intelligence

APRIL 13, 2023

A new definition of value Aligning security with the business goes beyond traditional methods of justifying security spend, such as warning of consequences from hacks or trying to prove ROI. We also look at generic cloud security solutions that provide multiple sets of protections, versus addressing one particular use case,” he says.

IT 112

IT Cost-Benefit Risk Consulting 112

IBM Big Data Hub

NOVEMBER 10, 2023

When combined with artificial intelligence (AI), an interoperable healthcare data platform has the potential to bring about one of the most transformational changes in history to US healthcare, moving from a system in which events are currently understood and measured in days, weeks, or months into a real-time inter-connected ecosystem.

Cost-Benefit 95

Cost-Benefit Insurance Unstructured Data Consulting 95

CIO Business Intelligence

MAY 20, 2022

And in so many cases, it’s not pure ROI and cost savings but it’s removing hidden costs and shared costs of managing technical debt, like not having to do upgrades. All of that together is how we’re measuring the value of going to the cloud.”. “All of our investments are about value. It’s about increased security to the state.

IT 106

IT Internet of Things Digital Transformation Data Architecture 106

IBM Big Data Hub

APRIL 25, 2023

However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge. A 2023 IBM IBV study showed that organizations that are seen as ESG leaders are 43% more likely to outperform their peers on profitability.

Risk Management 78

Risk Management Risk Management Metrics 78

IBM Big Data Hub

SEPTEMBER 11, 2023

How to quantify the impact : Quantify, articulate and measure the expected long-term benefit of a capability to justify the investment. Each recommendation was grounded in the user research conducted and validated to render significant return on investment (ROI) to the business mission of AZDCS. time (how much time is lost?)

Data-driven 85

Data-driven IT Measurement Cost-Benefit 85

Occam's Razor

DECEMBER 20, 2010

It helps us get data-gasms, improve ROI for our web efforts and get our bosses promoted. For good measure there is also a tutorial on regular expressions at the end (no good analyst can live without regex!). The challenge in measuring social media impact on your business is two-fold. Now you know how to measure it!

Analytics 119

Analytics Reporting Measurement Data-driven 119

Occam's Razor

JANUARY 24, 2011

After following a structured process to create a Web Analytics Measurement Model most companies find that they are able to identify the goals for their web business. other things are all currently being justified via, often faith-based, financial ROI models. Sorry, OOD. Let that sink in. Stunning, right? Use the exact same numbers.

Analytics 123

Analytics Finance B2B Reporting 123

AWS Big Data

OCTOBER 26, 2023

Read on to understand why price-performance matters and how Amazon Redshift price-performance is a measure of how much it costs to get a particular level of workload performance, namely performance ROI (return on investment). Amazon Redshift delivers up to 4.9 times lower cost per user and up to 7.9

Data Warehouse 119

Data Warehouse Cost-Benefit Dashboards Optimization 119