CIO Business Intelligence

DECEMBER 30, 2024

Generative AI has seen faster and more widespread adoption than any other technology today, with many companies already seeing ROI and scaling up use cases into wide adoption. That means companies can use it on tough code problems, or large-scale project planning where risks have to be compared against each other.

ROI 141

ROI Software Modeling Interactive 141

CIO Business Intelligence

AUGUST 20, 2024

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

Risk Cost-Benefit Insurance ROI 131

CIO Business Intelligence

SEPTEMBER 6, 2023

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

IT ROI Risk Strategy 142

O'Reilly on Data

MARCH 25, 2025

The coordination tax: LLM outputs are often evaluated by nontechnical stakeholders (legal, brand, support) not just for functionality, but for tone, appropriateness, and risk. Hallucination risk : Add stronger grounding in retrieval or prompt modifications. What breaks your app in production isnt always what you tested for in dev!

Testing 174

Testing Data-driven Software Measurement 174

CIO Business Intelligence

APRIL 30, 2025

Im really keen to see how agentic AI is suited for driving sales conversions by enabling sales teams to strategically target clients offering the highest potential returns, adds Rebecca Fox, group CIO at NCC Group, a large cybersecurity consulting firm. Think summarizing, reviewing, even flagging risk across thousands of documents.

IT 139

IT Sales Cost-Benefit Data-driven 139

IBM Big Data Hub

APRIL 25, 2023

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.

Risk Management 78

Risk Management Risk Management Metrics 78

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. 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

ROI Cost-Benefit Experimentation Deep Learning 143

CIO Business Intelligence

AUGUST 6, 2024

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

IT Digital Transformation ROI Consulting 141

Jet Global

JUNE 30, 2020

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 Analysis. Diversification and Risk. In good times, risk tolerance is relatively high.

ROI 59

ROI Uncertainty Finance Cost-Benefit 59

IBM Big Data Hub

MAY 17, 2023

SAP + IBM With our 50-year partnership with SAP, IBM offers the combination of SAP-enabled transformation expertise via IBM Consulting and enterprise-grade cloud platform capabilities that help accelerate our client’s ERP modernization journey no matter where they’re currently deployed.

Consulting 114

Consulting ROI Manufacturing Management 114

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. Maybe you’ve even surpassed expectations in each of these yardsticks.

ROI 126

ROI Cost-Benefit KPI Uncertainty 126

CIO Business Intelligence

APRIL 24, 2024

The announcement comes amid reluctance among some CIOs regarding the ROI of generative AI copilots. The partnership between Cognizant and Microsoft may help ease some of that, as Cognizant’s consulting services can help enterprises find ways to leverage copilots as part of their business processes.

Enterprise 128

Enterprise Digital Transformation Consulting Uncertainty 128

CIO Business Intelligence

AUGUST 30, 2023

Corporate projects are classically evaluated on standard matrices such as return on investment (ROI), break-even period, and capital invested. To capitalize on the gains offered by digital technologies, CIOs are building technology portfolios by allocating diverse investments based on prospective risk, reward, and value.

Digital Transformation 105

Digital Transformation Experimentation ROI Risk 105

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

CIO Business Intelligence

JULY 30, 2024

The risk is very low if we accidentally go in and give away a meal when we should have denied somebody credit for a meal,” he says. Digital assistants Several large IT companies, including Microsoft and Google, have been touting gen AI digital assistants, or copilots, even though CIOs may not be entirely sold on their ROI.

Insurance 144

Insurance Machine Learning Interactive Finance 144

CIO Business Intelligence

JULY 26, 2024

The decisive factors are responsibility for the transformation, mostly locating centrally the downstream management of the new IT operating models, and the inclusion of important departments such as legal, compliance and risk management. The fundamental attitude of companies to the question of cloud or on-premises is also important.

Digital Transformation 143

Digital Transformation Cost-Benefit Data Processing Risk 143

IBM Big Data Hub

JULY 10, 2023

According to a new Forrester Consulting study , the IBM Security Randori platform delivered a 303% ROI over 3 years and paid for itself in less than 6 months by helping to mitigate risk exposure, better prioritize risk response decisions and act faster.

ROI 50

ROI Insurance Consulting Risk 50

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

MAY 9, 2022

While strong ROI is compelling, so is the fact that people issues are one of the top enterprise risks. ISO 30414 reflects the enterprise risks of neglecting the people aspect of corporate activities, and it shines a light on the contributions of an organization’s people. What should companies do now?

Technology 97

Technology ROI Metrics Digital Transformation 97

CIO Business Intelligence

JULY 8, 2024

According to its spring 2024 AI Adoption and Risk Report , 74% of ChatGPT usage at work is through noncorporate accounts, 94% of Google Gemini usage is through noncorporate accounts, and 96% for Bard. Those reasons seem to make sense, Chandrasekaran acknowledges, but they don’t justify the risks that shadow AI creates for the organization.

Risk 136

Risk Strategy Technology Modeling 136

CIO Business Intelligence

SEPTEMBER 30, 2024

CIO.com / Foundry They also cited AI/ML capabilities in specific areas — such as risk management, fraud detection, smart manufacturing, predictive maintenance, quality control, and personalized employee engagement — as fueling transformation.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

erwin

AUGUST 13, 2020

managing risk vs ROI and emerging countries)? As enterprise architects, we need to overcome certain undeniable truths to better serve our organizations: Management does not always rely on EA to make critical decisions: They often hire consultants to come in for six months to make recommendations.

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

CIO Business Intelligence

JUNE 20, 2024

IT teams staff for select domain skills and supplement with their own form of ‘free agents,’ aka consultants. There needs to be an ROI associated with each innovative endeavor. They will be infinitely more focused and committed to finding a solution than you would be, where you have limited risk or upside.

IT 123

IT Risk ROI Cost-Benefit 123

Smart Data Collective

SEPTEMBER 9, 2022

What kind of ROI can big data offer for the ecommerce sector? The good news is that there are migration guidelines that can help minimize the risk of data loss. To get the perfect result, you can consult the team or look for detailed data on the website to understand what to use and how much to pay. Start the processes.

Data-driven 145

Data-driven Big Data ROI Manufacturing 145

CIO Business Intelligence

MAY 11, 2022

Companies that do not anchor to brand purpose run the risk of spending millions on technologies that do not align to what customers care about. Otherwise, risks include lags in response time, a shortfall in anticipating customer needs, a reduction in customer trust and damage to the CX. Implement change enablement. Bryan Comite.

Digital Transformation 105

Digital Transformation ROI Risk Optimization 105

CIO Business Intelligence

DECEMBER 29, 2023

But in 2024, CIOs will shift their focus toward responsible deployment, says Barry Shurkey, CIO at NTT Data, a digital business and IT consulting and services firm. However, one of the questions CIOs have about this disruptive technology is how do they govern generative AI, says Daniel Saroff, group VP for consulting and research at IDC.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going. billion this year.

IT 111

IT Cost-Benefit Risk Consulting 111

CIO Business Intelligence

MAY 13, 2024

The study identified the top CEO priorities as, among others, leading digital transformation, reducing security risk, strengthening collaboration with executive colleagues, and implementing AI. That’s not all, though, says Yang Shim, technology consulting leader with professional services firm EY Americas.

IT 131

IT Digital Transformation ROI Strategy 131

CIO Business Intelligence

JUNE 8, 2023

Here are six things to consider: • Work with the business to identify the most practical use cases that will yield ROI. Keep cyber and resilience as standing board topics, even when not at elevated risks, to create muscle memory and potential energy for when action is required. Recognize that there will be roadblocks and plan for them.

Marketing 111

Marketing Recreation/Entertainment Interactive Risk 111

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?”. Giving the most ROI? Predictive & Prescriptive Analysis – in short, it is based on analyzing current and historical datasets to predict future possibilities, including alternative scenarios and risk assessment.

IT 317

IT Statistics KPI Data-driven 317

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. Ensuring all IT spend is directly tied to business demand acts as an automatic cost optimizer.

IT 138

IT Cost-Benefit Digital Transformation ROI 138

IBM Big Data Hub

AUGUST 3, 2023

In our hundreds of generative AI engagements with clients around the world, enterprises are trying to balance massive value creation with risk mitigation—and they face a shortage of the necessary “AI for business” skills.

Consulting 40

Consulting Data-driven Enterprise ROI 40

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

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 Cost-Benefit 98

CIO Business Intelligence

MAY 9, 2023

With this objective in mind: Determine your organization’s innovation appetite (versus its risk appetite; it is too early to speak of ROI in the metaverse). Successful companies stay focused on delivering products and services in any technology context. Are we trying to improve efficiency? Learn more at vision.protiviti.com/metaverse.

Digital Transformation 105

Digital Transformation Business Objectives ROI Manufacturing 105

CIO Business Intelligence

MARCH 21, 2022

1 directive for CIOs this year was to upgrade IT and data security to reduce corporate risk, cited by a third of survey respondents. Security and risk management is the highest-ranked technology initiative commanding IT investment this year, cited by 45% of respondents. For example, the C-suite’s No.

IT 131

IT Digital Transformation Consulting Manufacturing 131