Remove Consulting Remove Risk Remove ROI
article thumbnail

Where’s the ROI for AI? CIOs struggle to find it

CIO Business Intelligence

“I have found very few companies who have found ROI with AI at all thus far,” he adds. The concern about calculating the ROI also rings true to Stuart King, CTO of cybersecurity consulting firm AnzenSage and developer of an AI-powered risk assessment tool for industrial facilities.

ROI 143
article thumbnail

5 tips for maximizing ROI of IT projects

CIO Business Intelligence

One of the most important parameters for measuring the success of any technology implementation is the return on investment (ROI). Providing a compelling ROI on technology initiatives also puts CIOs in a stronger position for securing support and funds from the business for future projects. Align projects with business goals.

ROI 132
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

At risk of being left behind on AI, SMBs focus on the art of the possible

CIO Business Intelligence

The barrier to entry The big issue for SMBs is the cost of the computing power and related expenses needed to run modern AI models, says Tony Fernandes, CEO and chief AI officer at HumanFocused.AI, an AI consulting firm. It is too risky, and its ROI is unproven.” SMBs need to get over those concerns or risk being left behind, he says.

Risk 131
article thumbnail

7 tough IT security discussions every IT leader must have

CIO Business Intelligence

The discussions address changing regulatory and compliance requirements, and reveal vulnerabilities and threats for risk mitigation.” Ongoing IT security strategy conversations should address the organization’s cyber risk and arrive at strategic objectives, Albrecht says. Are we achieving maximum ROI on our security investments?

IT 142
article thumbnail

4 steps to improving your ESG risk management to increase financial performance

IBM Big Data Hub

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. 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. Conduct ESG assessments.

article thumbnail

Is the gen AI bubble due to burst? CIOs face rethink ahead

CIO Business Intelligence

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. CIOs need to be able to articulate the business value and expected ROI of each project. For example, a gen AI virtual assistant can cost $5 million to $6.5

ROI 143
article thumbnail

Aware of what tech debt costs them, CIOs still can’t make it an IT priority

CIO Business Intelligence

Therefore, always-lurking tech debt gets put on the backburner, says Daniel Saroff, group vice president for consulting and research at IDC. For big projects, ROI is incremental, Beerman notes, with little savings building up over a series of months or quarters. It’s not a sexy subject,” he says.

IT 141