Smart Data Collective

DECEMBER 13, 2021

Big data has become a highly invaluable aspect of modern business. More companies are using sophisticated data analytics and AI tools to overhaul their business models. Some industries have become more dependent on big data than others. The e-commerce sector has been one of the most affected by major advances in data technology.

Data-driven 135

Data-driven Marketing Strategy Big Data 135

CIO Business Intelligence

SEPTEMBER 12, 2024

Enterprises must reimagine their data and document management to meet the increasing regulatory challenges emerging as part of the digitization era. The cost of compliance These challenges are already leading to higher costs and greater operational risk for enterprises. One particular challenge lies in managing “dark data” (i.e.,

Data-driven 91

Data-driven Management Cost-Benefit Risk 91

CIO Business Intelligence

JANUARY 3, 2024

Organizations considering value stream management (VSM) must look at several deciding factors, not the least of which is the potential return on investment (ROI). In fact, VSM has been shown to deliver significant organizational benefits and quantifiable, financial ROI. Organizational Alignment that reduces costs.

Management 131

Management ROI Cost-Benefit Data-driven 131

Smart Data Collective

DECEMBER 15, 2021

But driving sales through the maximization of profit and minimization of cost is impossible without data analytics. Data analytics is the process of drawing inferences from datasets to understand the information they contain. Personalization is among the prime drivers of digital marketing, thanks to data analytics.

ROI 119

ROI Marketing Data Analytics Analytics 119

Smart Data Collective

DECEMBER 2, 2021

Big data is a gamechanger for the marketing sector. We have talked about the benefits of using big data in online marketing. However, there are other reasons to use big data to make the most of your marketing strategy. One often overlooked opportunity to leverage big data is in the context of SMS marketing.

Data-driven 101

Data-driven Marketing Strategy Advertising 101

CIO Business Intelligence

OCTOBER 23, 2024

CIOs are under increasing pressure to deliver meaningful returns from generative AI initiatives, yet spiraling costs and complex governance challenges are undermining their efforts, according to Gartner. hours per week by integrating generative AI into their workflows, these benefits are not felt equally across the workforce.

Enterprise 141

Enterprise Cost-Benefit Broadcasting Risk 141

Andrew White

DECEMBER 19, 2022

Demographics and labor costs have both provided an ample reservoir for many years, helping to keep global costs down. As we have all come to experience low interest rates for 30 years, with all the associated benefits such as low inflation, we will now need to learn to survive with the reverse. AI-driven Customer Experience.

ROI 52

ROI Cost-Benefit Strategy Data-driven 52

IBM Big Data Hub

SEPTEMBER 11, 2023

The bulk of these uncertainties do not revolve around what software package to pick or whether to migrate to the cloud; they revolve around how exactly to apply these powerful technologies and data with precision and control to achieve meaningful improvements in the shortest time possible.

Data-driven 85

Data-driven IT Measurement Cost-Benefit 85

CIO Business Intelligence

FEBRUARY 1, 2024

When organizations buy a shiny new piece of software, attention is typically focused on the benefits: streamlined business processes, improved productivity, automation, better security, faster time-to-market, digital transformation. It can help uncover hidden costs that could come back to bite you down the road.

Software 131

Software Enterprise Cost-Benefit ROI 131

CIO Business Intelligence

NOVEMBER 21, 2024

CIOs must build strong relationships with other executives to ensure IT is seen not as a cost center but as a critical enabler of business success. Customer-centric thinking In today’s customer-driven economy, adopting a customer-centric approach to IT strategy is crucial for business success.

Strategy 100

Strategy IT Business Objectives Cost-Benefit 100

Smart Data Collective

SEPTEMBER 1, 2021

As we have stated before, big data is becoming vital to modern marketing strategies. However, it is becoming abundantly clear that big data technology is also rapidly transforming many traditional marketing practices as well. Doing Research Before Investing in Data-Driven Digital Signage Solutions.

Data-driven 110

Data-driven Advertising Big Data Cost-Benefit 110

CIO Business Intelligence

AUGUST 20, 2024

Many AI projects have huge upfront costs — up to $200,000 for coding assistants, $1 million to embed generative AI in custom apps, $6.5 Those costs don’t include recurring costs, which can run into the thousands of dollars per user each year. SMBs are particularly vulnerable to these cost increases.”

Risk 128

Risk Cost-Benefit Insurance ROI 128

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. That gap is becoming increasingly apparent because of artificial intelligence’s (AI) dependence on effective data management. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

Strategy 115

Strategy Management Key Performance Indicator ROI 115

Smart Data Collective

JANUARY 13, 2021

Big data is playing a very key role in the future of email communications. A growing number of companies are finding more innovative ways to use data technology to streamline communications and build more personalized relationships between various stakeholders. Big Data is Making Email Verification Much Easier.

Data-driven 95

Data-driven Big Data Cost-Benefit ROI 95

CIO Business Intelligence

SEPTEMBER 9, 2024

Enterprises want to enjoy genAI’s many advantages and gain a competitive edge, but they need guidance on putting genAI to work and reassurance that it delivers tangible business benefits. Some of the most promising early applications address common enterprise pain points, including overburdened staff and escalating operational costs.

Cost-Benefit 126

Cost-Benefit ROI Enterprise Data-driven 126

DataRobot Blog

SEPTEMBER 28, 2022

A new economic validation report shows the DataRobot AI Cloud platform can transform data science initiatives with a 3.5x ROI in a timeframe that’s up to 90% to 98% faster. In today’s rapidly changing economy, organizations need to see quick time to value from data science experiments and production models. return on investment.

ROI 52

ROI Strategy Enterprise Cost-Benefit 52

CIO Business Intelligence

MAY 29, 2024

The truth — and there’s data to back it up — is that outdated technology is the foundation for out-of-step workflows. Sure, technology costs money, and your margins are slim. But there’s a cost to being left behind. Can order management automation provide the ROI you need to justify the investment?

Management 94

Management ROI IT Cost-Benefit 94

Smarten

DECEMBER 20, 2022

Technology research firm, Gartner, states that, ‘80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance.’ Does the team need more training and, if so, how much will it cost? Which products are selling and in what regions?

ROI 52

ROI Cost-Benefit Data-driven Business Intelligence 52

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. Gen AI projects can cost millions of dollars to implement and incur huge ongoing costs, Gartner notes. What comes up must come down.”

ROI 142

ROI Cost-Benefit Experimentation Deep Learning 142

Smart Data Collective

NOVEMBER 5, 2023

The digital marketing sector is among those most influenced by the benefits of analytics technology. Data analytics has become a useful field that is helping businesses across the globe achieve their targets and objectives within a given budget. The benefits are massive.

Marketing 109

Marketing Analytics ROI Data-driven 109

Smart Data Collective

OCTOBER 21, 2020

The concept of email marketing predates the big data phenomenon by at least 20 years. However, data-driven insights have clearly played a profound role in the future of email marketing. Companies need to find new ways to use big data to embrace new email strategies. The Evolution of Email in the Age of Big Data.

Data-driven 84

Data-driven Big Data Machine Learning Metrics 84

CIO Business Intelligence

MAY 30, 2024

Despite these concerns, CIOs are bullish on the value of AI, though only half say the most important gains will include cost reductions. Instead, productivity gains (83%) are far and away the top expected benefit, followed by increased competitiveness (77%). Today’s CIOs are working in a tornado of innovation.

ROI 110

ROI Digital Transformation Cost-Benefit Measurement 110

Smart Data Collective

SEPTEMBER 30, 2021

Data has become an essential asset for companies everywhere. By interpreting and analyzing the data, organizations can understand and predict trends, improve security and make data-driven decisions. In this post, we’ll explore how organizations can leverage big data and AI instruments to improve their ROI.

Big Data 131

Big Data B2B ROI Finance 131

CIO Business Intelligence

JANUARY 25, 2023

To fully harness the benefits of modern network architectures, network operations teams need a deep understanding of how these systems perform. Even by making small advances in this IT arena, teams can deliver large business benefits and demonstrable return on investment (ROI). million and an ROI of 160%.

IT 93

IT Cost-Benefit ROI Software 93

CIO Business Intelligence

SEPTEMBER 19, 2024

Putting hardware, software, and network technology at the edge, where data originates, can speed responsiveness, enable compute-hungry AI processing, and greatly improve both employee and customer experience. But edge computing is unexplored territory for many and requires ongoing evaluation of performance and cost-effectiveness.

ROI 101

ROI Cost-Benefit IoT Digital Transformation 101

IBM Big Data Hub

MARCH 14, 2024

However, while embracing hybrid cloud might be intrinsic, clients continually seek to derive business value and higher return on investment (ROI) from their investments. The lack of ROI progress can be attributed to several factors, including slow adoption, unrealized use cases and unaddressed cloud sprawl.

ROI 68

ROI Business Objectives Cost-Benefit Enterprise 68

CIO Business Intelligence

MAY 27, 2024

To bridge the gap between CISOs and stakeholders, CISOs must adopt a strategic approach that combines financial impact data, relevant case studies, and compelling narratives. Case Study: Capital One Data Breach In 2019, Capital One experienced a data breach that exposed the personal information of over 100 million customers.

Cost-Benefit 114

Cost-Benefit Statistics ROI Measurement 114

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

JULY 24, 2024

Data-driven decisions: Leverage data and analytics to assess new technologies’ potential impact and ROI. Key strategies for evolution: Maintain flexible architecture: Maintain the modularity and scalability of solutions to enable cost-effective capability expansions as requirements evolve.

Technology 97

Technology Experimentation Cost-Benefit ROI 97

datapine

MAY 21, 2019

“BI is about providing the right data at the right time to the right people so that they can take the right decisions” – Nic Smith. Data analytics isn’t just for the Big Guys anymore; it’s accessible to ventures, organizations, and businesses of all shapes, sizes, and sectors. And the success stories are seemingly endless.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards ROI 183

CIO Business Intelligence

AUGUST 9, 2024

At Atlanta’s Hartsfield-Jackson International Airport, an IT pilot has led to a wholesale data journey destined to transform operations at the world’s busiest airport, fueled by machine learning and generative AI. He is a very visual person, so our proof of concept collects different data sets and ingests them into our Azure data house.

Data Transformation 97

Data Transformation Machine Learning Data Lake Dashboards 97

CIO Business Intelligence

OCTOBER 30, 2023

We’re in a data-intensive tech field that moves faster than a project plan or traditional roadmaps,” said Jason Newman, senior manager, systems engineering, Connected Solutions Group strategy and operations at Verizon. Newman’s team leverages the VSM platform’s intelligence to “consume data and help contribute to decision-making.”

Management 144

Management Digital Transformation Cost-Benefit ROI 144

datapine

APRIL 13, 2021

Starting with its definition, following with the benefits of agency reports, a list of tools, and a set of agency dashboard examples. Explore our 14 days free trial & benefit from interactive agency reports! Agencies benefit from interactive dashboard tools to prove the success of their strategies and campaigns to clients.

Dashboards 256

Dashboards Reporting Analytics Cost-Benefit 256

IBM Big Data Hub

OCTOBER 25, 2023

Here’s how CTOs and CIOs can evaluate their technology and data estates, assess the opportunity and chart a path forward. First, technology leaders need to estimate the full financial impact of modernization (versus the cost of not modernizing) across the organization.

Cost-Benefit 82

Cost-Benefit ROI Modeling Data-driven 82

CIO Business Intelligence

DECEMBER 19, 2023

New data from Synergy Research Group shows that in Q3 2023 enterprise spending on cloud infrastructure services was over $68 billion worldwide, up by $10.5 New data from Synergy Research Group shows that in Q3 2023 enterprise spending on cloud infrastructure services was over $68 billion worldwide, up by $10.5

ROI 110

ROI Cost-Benefit Data-driven Enterprise 110

datapine

APRIL 22, 2020

“Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway.” – Geoffrey Moore. And, as a business, if you use your data wisely, you stand to reap great rewards. Data brings a wealth of invaluable insights that could significantly boost the growth and evolution of your business.

Dashboards 189

Dashboards Key Performance Indicator Visualization Sales 189

CIO Business Intelligence

JUNE 6, 2023

As we move further into the digital age, we continue to see a growing emphasis on data-driven decision-making. And as a result, there has been a surge in the development of new products, tools, and platforms competing to help businesses analyze and utilize more data, more effectively. What if this creates a new data silo, etc.?

Optimization 52

Optimization Cost-Benefit ROI Data-driven 52