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

CIO Business Intelligence

OCTOBER 29, 2024

When addressed properly , application and platform modernization drives immense value and positions organizations ahead of their competition, says Anindeep Kar, a consultant with technology research and advisory firm ISG. Kar advises taking a measured approach to system modernization.

IT 139

IT Cost-Benefit Strategy Risk 139

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

Occam's Razor

JULY 6, 2015

There is a ton of pressure to show ROI, in 24 hours (!!). We can talk about Content AND Marketing AND Measurement. Once you have a critical-enough marketing budget (this could be $10k, really the bar is quite low), you should have measurement strategy. and measurement (soon after!) Thing One. Everything through one lens.

Measurement 159

Measurement Marketing Metrics Strategy 159

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 126

ROI Cost-Benefit KPI Uncertainty 126

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

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

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

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

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

DataKitchen

NOVEMBER 27, 2024

For example, metrics like the percentage of missing values help measure completeness, while deviations from authoritative sources gauge accuracy. Another significant advantage is the ability of these dashboards to provide ROI-driven insights. Timeliness can be assessed by tracking the alignment of data updates with business timelines.

Data Quality 164

Data Quality Dashboards Metrics Cost-Benefit 164

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

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

Occam's Razor

SEPTEMBER 29, 2009

One of the ultimate excuses for not measuring impact of Marketing campaigns is: "Oh, that's just a branding campaign." It is criminal not to measure your direct response campaigns online. I also believe that a massively under appreciated opportunity exists to truly measure impact of branding campaigns online.

Measurement 130

Measurement Metrics Analytics Marketing 130

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 ROI Digital Transformation 138

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

MARCH 26, 2024

While ESG seeks to provide standard methods and approaches to measuring across environmental, social and governance KPIs, and holds organizations accountable for that performance, sustainability is far broader. How is sustainability managed—as an annual measuring exercise or an ongoing effort that supports business transformation?

Measurement 60

Measurement Metrics Strategy Reporting 60

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 Consulting Unstructured Data 95

Paul Blogs on BI

MAY 3, 2023

In addition, the more we measure and monitor our contribution and show the difference it is making, the more likely we are to not just continue to do it but improve on it as well. Just like we measure our health and how many steps we take each day.

Metrics 52

Metrics ROI Measurement Visualization 52

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

IBM Big Data Hub

NOVEMBER 20, 2023

Watch the webinar: The Future of HR and talent in the age of generative AI Building an effective talent management strategy Organizations cannot approach talent management initiatives with half-measures. Ultimately, prioritizing talent management strategy is an organizational decision that, done right, will deliver ROI on any program costs.

Strategy 97

Strategy Management Cost-Benefit Consulting 97

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

IBM Big Data Hub

JULY 6, 2023

Leaders point to factors such as struggling to manage manual data , unclear ROI and economic benefits, lack of insights from data, and regulatory barriers as the top three biggest challenges in achieving sustainability objectives. CEOs cite environmental sustainability as their top challenge over the next three years.

Cost-Benefit 52

Cost-Benefit Business Driver Consulting ROI 52

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

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

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 111

IT Cost-Benefit Risk Consulting 111

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 114

Optimization IT Big Data Cost-Benefit 114

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

IBM Big Data Hub

NOVEMBER 30, 2023

Measure impact: Use analytics and metrics to assess the effectiveness of branding efforts. Application and hiring metrics: Utilize metrics such as application completion rates, time-to-hire, cost-per-hire and quality of hire to measure the effectiveness of the recruitment strategy. Analyze the cost and benefits associated with each.

Strategy 61

Strategy Cost-Benefit Consulting Data-driven 61

Anmut

APRIL 6, 2023

What does a Data Maturity Assessment Measure? The definition of a data maturity assessment is a measurement of the reliability, effectiveness, and efficiency of an organisation’s data management. What does a Data Maturity Assessment Measure? What are the Benefits of Doing a Data Maturity Assessment?

Cost-Benefit 52

Cost-Benefit Data Quality Data Governance Measurement 52

IBM Big Data Hub

OCTOBER 18, 2022

Most admit uncertainty around ROI and nearly half struggle with adequate insights from their data. Fewer than 1 in 4 agree that sustainability requires financial tradeoffs, but many acknowledge the need to redefine and re-calibrate how they measure performance.

Uncertainty 52

Uncertainty Strategy Measurement ROI 52

Smart Data Collective

JULY 13, 2023

However, you may not realize that it can also help your company choose the best SEO consultant. How do you measure success? If you want the greatest chance at receiving game-changing results and achieving a sustainable ROI, you need to hold your SEO agency to an exceptional standard. What strategies will you use?

Predictive Analytics 79

Predictive Analytics Marketing ROI Strategy 79

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 105

IT Internet of Things Digital Transformation Data Architecture 105

IBM Big Data Hub

NOVEMBER 22, 2023

This tailor-made approach lets the business measure whichever KPIs they find most important and track performance of different business components. Neste worked with IBM Consulting™ for SAP to roll out the SAP S/4HANA solution on the Microsoft Azure cloud across most of its operations, including its renewables supply chains.

Cost-Benefit 60

Cost-Benefit Consulting Software Enterprise 60

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 102

Data Warehouse Cost-Benefit Dashboards Optimization 102

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

Alation

JANUARY 10, 2023

So, the true value of a data catalog is difficult to quantify because there are many use cases that can’t be measured. Alation conducted a Total Economic Impact ™ (TEI) study to find the answer to those questions in collaboration with Forrester Consulting and seven of our production clients.

ROI 52

ROI Data Lake Strategy Data-driven 52