CIO Business Intelligence

FEBRUARY 24, 2023

To keep ahead of cybercriminals, organizations must remain agile, pivoting to embrace new strategies and technologies whenever necessary in order to outrun attacks. For example, suppose an organization has multiple teams or departments responsible for different parts of its cybersecurity strategy.

Strategy 105

Strategy ROI Consulting Technology 105

CIO Business Intelligence

SEPTEMBER 6, 2023

The value of addressing cybersecurity issues through ongoing discussions is getting corporate alignment on effective and robust strategies, says Roger Albrecht, co-lead of the cybersecurity unit at technology research and advisory firm ISG. Are our systems adequately modernized for security? What would be the next steps?

IT 142

IT ROI Risk Strategy 142

Occam's Razor

MARCH 10, 2015

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. Find it inside your company, then become BFFs, or find it with an external certified consultant.

Strategy 153

Strategy Analytics Measurement Business Analysis 153

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. 1) Too expensive and hard to justify the ROI of BI. They also need these tools to generate a true ROI. And the success stories are seemingly endless.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards ROI 183

IBM Big Data Hub

NOVEMBER 20, 2023

An organization is only as strong as its talent pool, so organizations have increasingly embraced talent management as a core component of their overarching strategy. Demonstrate a strong approach during recruitment and onboarding Talent management strategies begin before an organization ever hires someone.

Strategy 97

Strategy Management Cost-Benefit Consulting 97

CIO Business Intelligence

OCTOBER 10, 2024

On the one side, Forrester recently warned organizations not to look for AI ROI too soon, because they could miss out on AI’s benefits. One challenge with setting KPIs is measuring the results, adds Kathy Gersch, chief growth and commercial officer at Kotter International, a change management consulting firm.

ROI 135

ROI Experimentation Cost-Benefit Metrics 135

datapine

JANUARY 24, 2021

It is not just important to gather all the existing information, but to consider the preparation of data and utilize it in the proper way, has become an indispensable value in developing a successful business strategy. For example, you need to develop a sales strategy and increase revenue. Giving the most ROI? Driving revenue?

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

AUGUST 15, 2024

Generative AI has been hyped so much over the past two years that observers see an inevitable course correction ahead — one that should prompt CIOs to rethink their gen AI strategies. As the gen AI hype subsides, Stephenson sees IT leaders reevaluating their strategies in favor of other AI technologies. What comes up must come down.”

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

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. the ROI of other things’, you say. 'The

Analytics 143

Analytics ROI Marketing Modeling 143

Smart Data Collective

FEBRUARY 21, 2021

But what lead generation strategies can you use in conjunction with your data analytics tools. You need to know which strategies work for lead generation in order to utilize data analytics effectively. It can be a list of tips, a free sample, a book, a set of templates, a webinar, a guide, personal consultancy, etc.

Strategy 100

Strategy Data Analytics Analytics Data-driven 100

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. Recent events have underscored the importance of factoring in uncertainty for ROI calculations.

ROI 59

ROI Uncertainty Finance Cost-Benefit 59

O'Reilly on Data

FEBRUARY 11, 2020

Executives bring a different, transcendent , perspective to bear in assessing data quality, particularly with respect to its impact on business operations and strategy. Executives see the big picture, not only vis-à-vis operations and strategy, but also with respect to problems—and, especially, complaints —in the units that report to them.

Data Quality 309

Data Quality Metadata Data Governance Publishing 309

CIO Business Intelligence

FEBRUARY 13, 2024

To name a few — products and services that are delivered on time and on budget, and overall IT ROI.” Avila observes that many IT leaders will default to ROI as the most important metric because there’s strong belief that a good ROI is necessary to get the most out of the technology spend. IT Leadership, IT Strategy

Metrics 140

Metrics IT ROI Measurement 140

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

CIO Business Intelligence

JUNE 27, 2022

Too often, technology companies pay consulting or analyst firms to create metrics based on the best characteristics of their offerings,” says Judith Hurwitz, CEO of Hurwitz Strategies, an emerging technology consulting firm. If so, will it help determine a business strategy, a technology selection, or some other need?

Metrics 133

Metrics KPI IT Consulting 133

CIO Business Intelligence

NOVEMBER 26, 2024

Here, we explore the key factors impeding IT modernization and provide recommendations to overcome them (with real-world illustrations of strategies). For instance, Capital One successfully transitioned from mainframe systems to a cloud-first strategy by gradually migrating critical applications to Amazon Web Services (AWS).

IT 122

IT Consulting Recreation/Entertainment Data-driven 122

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

DECEMBER 29, 2023

Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In 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.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

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

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

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

MAY 13, 2024

Corporate and IT strategy are one, and technology is the tool to deliver strategic objectives. The Conference Board’s C-Suite Outlook 2024 , which surveyed 1,200-plus global executives, found that investing in AI is a top strategy for enabling long-term revenue growth, innovation, and digital transformation.

IT 131

IT Digital Transformation ROI Strategy 131

IBM Big Data Hub

JANUARY 16, 2024

From building AI readiness with a thoughtful hybrid cloud approach, to scaling AI across core business functions and industry needs, to embedding AI into the heart of your enterprise strategy, you’ll hear best practices, see them come to life and connect with the technology experts and business pioneers to help you succeed.

Experimentation 96

Experimentation ROI Consulting Enterprise 96

erwin

AUGUST 13, 2020

Here are some of the issues and questions being raised: Growth : How do we define growth strategies (e.g., managing risk vs ROI and emerging countries)? Customer Engagement : How can we better engage with customers including brand, loyalty, customer acquisition and product strategy? big data, analytics and insights)?

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 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. The bad news, however, is that IT system modernization requires significant financial and time investments.

IT 139

IT Cost-Benefit Strategy Risk 139

CIO Business Intelligence

APRIL 22, 2024

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. Historically business puts strategies together and the enabling functions come behind that.

IT 126

IT Data-driven Strategy Consulting 126

Alation

FEBRUARY 13, 2020

Hundreds to thousands of employees at more than 130 enterprises are using Alation to do everything from create a data culture to drive a customer-first strategy. To answer that question, Alation worked with Forrester Consulting and seven of our production customers to conduct a Total Economic Impact (TEI) study.

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

DataKitchen

NOVEMBER 27, 2024

A Guide to the Six Types of Data Quality Dashboards Poor-quality data can derail operations, misguide strategies, and erode the trust of both customers and stakeholders. Another significant advantage is the ability of these dashboards to provide ROI-driven insights. However, not all data quality dashboards are created equal.

Data Quality 219

Data Quality Dashboards Metrics Cost-Benefit 219

Smart Data Collective

FEBRUARY 15, 2022

Small business owners may need to use it even more, because the high ROI can help stretch their limited budgets. Companies with well-thought out data strategies are likely to beat the odds. The brand building process, customer outreach strategies and many other tasks can be accelerated and automated through using online channels.

Marketing 117

Marketing Data Analytics Analytics Big Data 117

Smart Data Collective

SEPTEMBER 9, 2022

As we stated before, data-driven marketing strategies are extremely valuable for ecommerce companies. What kind of ROI can big data offer for the ecommerce sector? 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 143

Data-driven Big Data ROI Manufacturing 143

Smart Data Collective

OCTOBER 15, 2021

This is where data-driven marketing strategies come into play. However, before you can create a data-driven SEO strategy, you should understand the benefits of SEO in the first place. You will need to use data analytics tools like Google Analytics or Hootsuite to optimize, automate and improve your social media strategy.

Big Data 143

Big Data Marketing Advertising Data-driven 143

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

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

CIO Business Intelligence

APRIL 11, 2022

Gone are the days of the CIO being a back-office IT cost manager,” declares Chris Scheefer, vice president of intelligent industry at technology services and consulting firm Capgemini Americas. From front office to back office, the CIO needs to operationalize strategy and be a change agent , driving new skills and talent into the business.

Cost-Benefit 119

Cost-Benefit Digital Transformation Strategy Consulting 119

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. Analyzing metrics and KPIs along the transformation journey helps guide decision-making towards the stated strategy. Create opportunities to talk about the digital transformation, frequently. What should companies do now?

Technology 97

Technology ROI Metrics Digital Transformation 97

Smart Data Collective

JANUARY 27, 2022

Research has shown that companies with big data strategies are 19 times more likely to become profitable. Unfortunately, some businesses have made poor decisions when instituting a data strategy. They have heard that big data can be useful, so they invest in it without much consideration for their ROI.

Optimization 119

Optimization IT Big Data Cost-Benefit 119

IBM Big Data Hub

MARCH 29, 2024

An effective customer retention strategy should support the company to maintain a healthy stable of loyal customers and bring in new customers. Steps to create an effective customer retention strategy Effective customer retention strategies begin the moment a first-time customer makes a purchase.

Strategy 58

Strategy Cost-Benefit Key Performance Indicator Marketing 58