CIO Business Intelligence

AUGUST 16, 2023

“Waterfall projects may seem easier to understand from an overall point of view, but if it’s about ongoing innovation together with a customer to bring out new effects and benefits, then we need to be iterative even in complex projects,” she says. “At This leads to environmental benefits and fewer transports.

Risk 98

Risk Cost-Benefit Internet of Things Digital Transformation 98

datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Over the past 5 years, big data and BI became more than just data science buzzwords. In response to this increasing need for data analytics, business intelligence software has flooded the market. The costs of not implementing it are more damaging, especially in the long term.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

CIO Business Intelligence

MARCH 19, 2025

Additionally, Deloittes ESG Trends Report highlights fragmented ESG data, inconsistent reporting frameworks and difficulties in measuring sustainability ROI as primary challenges preventing organizations from fully leveraging their data for ESG initiatives.

IT 59

IT Data Governance Data-driven Metrics 59

CIO Business Intelligence

SEPTEMBER 26, 2024

Retailers are preparing their technology systems to scan 2D barcodes and ingest the data, an initiative known as Sunrise 2027. The benefits are potentially huge. This also helps prevent stockouts, improve customer satisfaction, and control labor costs.

IT 131

IT Manufacturing IoT Cost-Benefit 131

BizAcuity

NOVEMBER 13, 2024

As businesses increasingly rely on data for competitive advantage, understanding how business intelligence consulting services foster data-driven decisions is essential for sustainable growth. Business intelligence consulting services offer expertise and guidance to help organizations harness data effectively.

Consulting 52

Consulting Data-driven Cost-Benefit Business Intelligence 52

Smart Data Collective

MARCH 28, 2021

Although there are many benefits of moving to the cloud , this decision is not without its risks. Smart companies are overcoming these challenges by using Microsoft Azure to scale up or down and inspire efficient growth and data security amid the global crisis. Reduced Costs and Downtime. Convenience all the way!

Cost-Benefit 139

Cost-Benefit IoT Internet of Things Data-driven 139

CIO Business Intelligence

JULY 15, 2022

While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security. Benefits of vendor management. Building that relationship and foundation is one of the main goals and benefits of vendor management. Vendor management certifications.

Management 122

Management Cost-Benefit Risk Software 122

Smart Data Collective

MAY 28, 2021

Data security and data collection are both much more important than ever. Every organization needs to invest in the right big data tools to make sure that they collect the right data and protect it from cybercriminals. One tool that many data-driven organizations have started using is Microsoft Azure.

Data-driven 139

Data-driven Cost-Benefit Big Data Data Processing 139

Smart Data Collective

JUNE 2, 2022

Since information on suppliers is usually readily available in the cloud, they can tap this data and make timely decisions. This arguably one of the most important benefits of cloud technology in the modern economy. You can get some better insights by studying case studies of companies that have benefited with cloud computing.

Technology 144

Technology ROI Cost-Benefit Data-driven 144

datapine

APRIL 21, 2022

For instance, when it comes to Human Resources, a digital transformation entails streamlining operations and digitizing personnel data. An accounting department may consider leveraging electronic contracts, data collecting, and reporting as a part of the digital transition. Refine Digital Channels. Social Media Marketing.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives. Establishing a Data Foundation.

Data Governance 145

Data Governance IT Data Lake Risk 145

CIO Business Intelligence

OCTOBER 2, 2024

Data management, when done poorly, results in both diminished returns and extra costs. Hallucinations, for example, which are caused by bad data, take a lot of extra time and money to fix — and they turn users off from the tools. For us, it’s all part of data governance.

Management 141

Management Data Governance Cost-Benefit Structured Data 141

CIO Business Intelligence

FEBRUARY 10, 2023

With predictive analytics, organizations can find and exploit patterns contained within data in order to detect risks and opportunities. Benefits of predictive analytics Predictive analytics makes looking into the future more accurate and reliable than previous tools. Financial services: Develop credit risk models.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

JANUARY 3, 2024

This can often lead to improvements in efficiency, performance, and cost savings by way of a holistic view of building operations. To make the business case compared to the status quo, it’s important to itemize all of these and ensure the full benefits of the digital twin can be articulated and understood.

Cost-Benefit 136

Cost-Benefit ROI Manufacturing Optimization 136

Smart Data Collective

APRIL 30, 2020

Going over budget is quite common for data analytics, so the companies providing data are pressured into charging more for the services as well. Doing it on your own also comes down to big costs. Then, all that data needs to be properly stored, which is another expense. The workforce managing this also costs money.

Big Data 125

Big Data Cost-Benefit Risk Data Analytics 125

Smart Data Collective

DECEMBER 11, 2019

-Kobielus points out that every vertical is finding ways to use big data to improve its competitive advantages. Integrated business systems provide a centralized repository where those benefits can be executed. The Importance of Big Data in Integrated Business Systems in the 21st Century. Reduce the Risk of Errors.

Big Data 103

Big Data Cost-Benefit Software Risk 103

CIO Business Intelligence

JANUARY 9, 2023

When the world’s largest healthcare company by revenue went looking for a technology solution that could improve quality of care while reducing costs, the search took ten years. They are also perfect for storing and visualizing large healthcare data models so it can be quickly processed and analyzed. 1] [link] [2] [link].

Analytics 104

Analytics Cost-Benefit Visualization Risk 104

IBM Big Data Hub

SEPTEMBER 12, 2023

The consortium ran a pilot that provided the government with additional supply chain data for 700,000 consignments. Through the pilots, the UK government found that novel, digital, risk-based methods for border control can provide higher quality data and could decrease decision-making time for goods entering Britain by 17%.

Testing 83

Testing Modeling Cost-Benefit Consulting 83

BizAcuity

FEBRUARY 21, 2025

Beyond Data Collection: Why Dynamics 365 Integration is Critical Most businesses today use Dynamics 365 for managing sales, finance, customer service, or operations. With Dynamics 365 integration with your external systems, you can develop a unified BI dashboard that consolidates data from all departments.

Dashboards 52

Dashboards Optimization Finance Sales 52

Smart Data Collective

SEPTEMBER 11, 2020

An article in CISCOMAG talks about the benefits of using AI in improving network security. By mimicking human intelligence and analyzing data with inbuilt algorithms, this technology is revolutionizing users’ networking experience. AI will also employ cost-effectiveness in developing and maintaining networking systems.

Technology 111

Technology IoT Internet of Things Cost-Benefit 111

CIO Business Intelligence

SEPTEMBER 8, 2022

Most organizations understand the profound impact that data is having on modern business. In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years.

Cost-Benefit 122

Cost-Benefit Internet of Things Data-driven Data Lake 122

Smart Data Collective

JUNE 29, 2022

Let’s talk about AI’s benefits in fintech , especially in terms of app development and how you can use it to maximize the success of your business. AI can benefit financial technology in a number of ways. From these benefits ultimately come cost savings. From these benefits ultimately come cost savings.

Cost-Benefit 111

Cost-Benefit Predictive Analytics Finance Forecasting 111

Alation

JULY 15, 2022

I recently led an online session, Data Monetisation and Governance , looking at the evolution of data governance , defining data ethics (from the Turing Institute ), and touching on the balancing act between using data to monetise (by increasing revenue, decreasing spend, or mitigating risk) and meeting ethical obligations.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

Smart Data Collective

MAY 8, 2022

When you combine big data with AI, you can help your users extract highly-valuable insights from data, foster data literacy across your company or organization, and take advantage of the many other benefits it offers. Improves decision making and reduces costs. High-performance data systems and MapReduce.

Big Data 122

Big Data Data Analytics Analytics Statistics 122

CIO Business Intelligence

MARCH 24, 2023

The Business Application Research Center (BARC) warns that data governance is a highly complex, ongoing program, not a “big bang initiative,” and it runs the risk of participants losing trust and interest over time.

Data Governance 142

Data Governance Management Metadata Data Quality 142

CIO Business Intelligence

APRIL 12, 2022

Specifically, they’re looking at these areas: Centralized supply chain planning Advanced analytics Reskilling the labor force for digital planning and monitoring In the never-ending hunt for maximum efficiency and cost savings, supply chain digitization correlates closely with smart manufacturing processes.

IoT 105

IoT Analytics Manufacturing Internet of Things 105

erwin

JULY 17, 2019

EA and BP modeling squeeze risk out of the digital transformation process by helping organizations really understand their businesses as they are today. Once you’ve determined what part(s) of your business you’ll be innovating — the next step in a digital transformation strategy is using data to get there. The Right Tools.

Digital Transformation 98

Digital Transformation Strategy Metadata Data-driven 98

CIO Business Intelligence

SEPTEMBER 19, 2023

Organizations all around the globe are implementing AI in a variety of ways to streamline processes, optimize costs, prevent human error, assist customers, manage IT systems, and alleviate repetitive tasks, among other uses. And with the rise of generative AI, artificial intelligence use cases in the enterprise will only expand.

Enterprise 141

Enterprise Cost-Benefit Optimization Deep Learning 141

BA Learnings

AUGUST 7, 2021

In addition to that, the risk assessment will not be carried out properly, and you won’t know what pitfalls lie ahead until you’re already knee-deep in the problem. However, after putting in place infrastructure for this database, you realize you need to improve your data collection methods. If not, you should.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

IBM Big Data Hub

SEPTEMBER 20, 2023

Such services can empower citizens and help restore trust in public entities by improving workforce efficiency and reducing operational costs in the public sector. Or they can stay on the sidelines and risk missing out on AI’s ability to help agencies more effectively meet their objectives.

Cost-Benefit 99

Cost-Benefit Digital Transformation Technology Modeling 99

CIO Business Intelligence

DECEMBER 19, 2022

Different cloud platforms mean unproductive time spent cobbling together and homogenising data. Using this data collection method, the window of maximum campaign opportunity will close before a campaign is even started. In times of scarce digital and marketing skills availability, this is a seriously important benefit.

Advertising 97

Advertising Cost-Benefit Metrics Marketing 97

CIO Business Intelligence

OCTOBER 4, 2022

As Warren Jenson, LiveRamp President, said, failing to do this first can be counter-intuitive to the company’s data goals. For internal stakeholders, identity strengthens customer intelligence, improves ROI and generates new revenue streams across sales, marketing, IT and other departments, among many other benefits.”

Cost-Benefit 105

Cost-Benefit Strategy Digital Transformation ROI 105

Smart Data Collective

MAY 17, 2021

The current digital economy runs on our data, and allowing these companies to collect it and process it for their benefit seems to be the cost of entry. For instance, Facebook’s decision to buy WhatsApp in 2014 was based on data collected via the Onavo VPN.

Cost-Benefit 104

Cost-Benefit Advertising Data Collection Data-driven 104

CIO Business Intelligence

SEPTEMBER 27, 2024

The data is then re-transported when the line is available. This doesn’t detract from the fact it’s a very advanced clinical data collection system since it’s digital, in real time, and secure because the data is encrypted on VPN and sent to Emergency’s central data center in Milan.

Management 128

Management IT Cost-Benefit Testing 128

Cloudera

MARCH 29, 2022

To capitalize on the opportunities that data creates for the public good, state and local CIOs must harness data in motion with a cohesive strategy and platform. It’s no secret that the cloud has become the go-to infrastructure foundation for a modern data strategy. But that alone is too broad.

Cost-Benefit 97

Cost-Benefit Strategy Data Science Data Processing 97

CIO Business Intelligence

JANUARY 24, 2024

At Vanguard, “data and analytics enable us to fulfill on our mission to provide investors with the best chance for investment success by enabling us to glean actionable insights to drive personalized client experiences, scale advice, optimize investment and business operations, and reduce risk,” Swann says.

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

CIO Business Intelligence

SEPTEMBER 18, 2024

Build a humane team Many organizations think of using AI in customer support in the context of cutting costs. We can scan unusual transactional activity and identify patterns and instances deemed to be high-risk so the bank can investigate and take action,” says Luiz Pizzato, AI Labs Centre of Excellence lead at CBA.

Interactive 128

Interactive Cost-Benefit Measurement Testing 128