CIO Business Intelligence

DECEMBER 10, 2024

Still, CIOs have reason to drive AI capabilities and employee adoption, as only 16% of companies are reinvention ready with fully modernized data foundations and end-to-end platform integration to support automation across most business processes, according to Accenture. Gen AI holds the potential to facilitate that.

Sales 143

Sales Metrics Data-driven Measurement 143

CIO Business Intelligence

JANUARY 15, 2025

As a consequence, these businesses experience increased operational costs and find it difficult to scale or integrate modern technologies. 1] Retaining outdated technology may seem like a cautious approach but there are mounting inherent dangers. NTT DATAs Coding with Azure OpenAI is a prime example of just such a solution.

Cost-Benefit 124

Cost-Benefit Data-driven Enterprise Risk 124

CIO Business Intelligence

DECEMBER 19, 2024

Agentic AI, the more focused alternative to general-purpose generative AI, is gaining momentum in the enterprise, with Forrester having named it a top emerging technology for 2025 in June. The technology is in its early days, and several questions remain open chief among them, how AI agents will be priced.

Cost-Benefit 128

Cost-Benefit Modeling ROI Marketing 128

CIO Business Intelligence

JANUARY 21, 2025

CIOs were given significant budgets to improve productivity, cost savings, and competitive advantages with gen AI. CIOs feeling the pressure will likely seek more pragmatic AI applications, platform simplifications, and risk management practices that have short-term benefits while becoming force multipliers to longer-term financial returns.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

CIO Business Intelligence

DECEMBER 9, 2024

Large language models (LLMs) are very good at spotting patterns in data of all types, and then creating artefacts in response to user prompts that match these patterns. Despite these limitations and concerns among CIOs over AI costs, real progress has been made this year and we can expect to see this grow further in 2025.

Enterprise 116

Enterprise ROI Cost-Benefit Measurement 116

Smart Data Collective

SEPTEMBER 29, 2022

OCR is the latest new technology that data-driven companies are leveraging to extract data more effectively. There are a number of benefits of using it to your company’s advantage. OCR and Other Data Extraction Tools Have Promising ROIs for Brands. Big data is changing the state of modern business.

Data-driven 145

Data-driven Data Quality Optimization Insurance 145

CIO Business Intelligence

JANUARY 5, 2025

Research from Gartner, for example, shows that approximately 30% of generative AI (GenAI) will not make it past the proof-of-concept phase by the end of 2025, due to factors including poor data quality, inadequate risk controls, and escalating costs. [1]

Enterprise 124

Enterprise Cost-Benefit Unstructured Data Data Quality 124

Smart Data Collective

SEPTEMBER 14, 2022

A growing number of organizations are resorting to the use of big data. They have found that big data technology offers a number of benefits. However, utilizing big data is more difficult than it might seem. Companies must be aware of the different ways that data can be collected, aggregated and applied.

Data-driven 141

Data-driven Big Data Cost-Benefit Data Collection 141

Smart Data Collective

JULY 21, 2022

Data analytics is incredibly valuable for helping people. More institutions are recognizing this, so the market for data analytics in education is projected to be worth over $57 billion by 2030. We have previously talked about the many ways that big data is disrupting education.

Data-driven 145

Data-driven Big Data Cost-Benefit Data Analytics 145

CIO Business Intelligence

NOVEMBER 19, 2024

Taking too long on AI projects Extracting value from AI is a key CEO priority today , and many IT leaders have in turn reshaped their IT agendas to emphasize projects centered on the technology. AI technology is changing so fast that projects taking more than a month can end up built on out-of-date technology, he says.

Cost-Benefit 133

Cost-Benefit Risk Business Objectives Data-driven 133

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

Infor’s Embedded Experiences allows users to create first drafts of text for specific business purposes and summarize insights as well as quickly analyze and interact with data. And its GenAI knowledge hub uses retrieval-augmented generation to provide immediate access to knowledge, potentially from multiple data sources.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

CIO Business Intelligence

NOVEMBER 19, 2024

If expectations around the cost and speed of deployment are unrealistically high, milestones are missed, and doubt over potential benefits soon takes root. The right tools and technologies can keep a project on track, avoiding any gap between expected and realized benefits. But this scenario is avoidable.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

David Menninger's Analyst Perspectives

DECEMBER 31, 2024

This shift not only reduces the chances of human error but also elevates the quality of outputs across various departments, which reflects a broader trend of harnessing technology to drive meaningful transformation in the workplace. Enterprises that adopt RPA report reductions in process cycle times and operational costs.

Cost-Benefit 130

Cost-Benefit Data-driven Enterprise Business Objectives 130

Smart Data Collective

SEPTEMBER 25, 2023

Companies are investing more in big data than ever before. Last year, global businesses spent over $271 billion on big data. While there are many benefits of big data technology, the steep price tag can’t be ignored. We mentioned that data analytics offers a number of benefits with financial planning.

Data-driven 124

Data-driven IT Cost-Benefit Big Data 124

CIO Business Intelligence

NOVEMBER 18, 2024

As the study’s authors explain, these results underline a clear trend toward more personalized services, data-driven decision-making, and agile processes. Even beyond customer contact, bankers see generative AI as a key transformative technology for their company.

Digital Transformation 141

Digital Transformation Consulting Cost-Benefit Marketing 141

AWS Big Data

JANUARY 15, 2025

For container terminal operators, data-driven decision-making and efficient data sharing are vital to optimizing operations and boosting supply chain efficiency. Together, these capabilities enable terminal operators to enhance efficiency and competitiveness in an industry that is increasingly data driven.

IoT 111

IoT Machine Learning Metadata Data-driven 111

Smart Data Collective

JULY 20, 2022

Data-driven decision-making has become a major element of modern business. A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Furthermore, only 13% of companies are actually delivering on their data strategy.

Data-driven 133

Data-driven Optimization Big Data Data Strategy 133

CIO Business Intelligence

JANUARY 9, 2025

In 2024, squeezed by the rising cost of living, inflationary impact, and interest rates, they are now grappling with declining consumer spending and confidence. However, successful AI implementation requires more than cutting-edge technology. The disruption isnt in the technology itself but in how it can transform buying behaviours.

B2B 105

B2B Cost-Benefit Data-driven Sales 105

CIO Business Intelligence

DECEMBER 9, 2024

They are using the considerable power of this fast-evolving technology to tackle the common challenges of cloud modernization, particularly in projects that involve the migration and modernization of legacy applications a key enabler of digital and business transformation.

Cost-Benefit 98

Cost-Benefit Optimization Data-driven Marketing 98

Smart Data Collective

JANUARY 10, 2023

More small businesses are leveraging big data technology these days. One of the many reasons that they use big data is to improve their SEO. Data-driven SEO is going to be even more important as the economy continues to stagnate. Data-Driven SEO Strategies Should Focus on Improving Traffic to Location Pages.

Data-driven 126

Data-driven Data mining Big Data Optimization 126

CIO Business Intelligence

NOVEMBER 1, 2024

His first order of business was to create a singular technology organization called MMTech to unify the IT orgs of the company’s four business lines. Re-platforming to reduce friction Marsh McLennan had been running several strategic data centers globally, with some workloads on the cloud that had sprung up organically.

IT 122

IT Insurance Consulting Risk 122

O'Reilly on Data

APRIL 30, 2024

It’s difficult to argue with David Collingridge’s influential thesis that attempting to predict the risks posed by new technologies is a fool’s errand. We ought to heed Collingridge’s warning that technology evolves in uncertain ways. It’s also about ensuring that value from AI is widely shared by preventing premature consolidation.

Risk 264

Risk Advertising Cost-Benefit Sales 264

AWS Big Data

MARCH 13, 2025

At AWS re:Invent 2024, we announced the next generation of Amazon SageMaker , the center for all your data, analytics, and AI. It enables teams to securely find, prepare, and collaborate on data assets and build analytics and AI applications through a single experience, accelerating the path from data to value.

Analytics 93

Analytics Data Lake Data Warehouse Data-driven 93

datapine

JUNE 5, 2019

“It is a capital mistake to theorize before one has data.”– Data is all around us. Data has changed our lives in many ways, helping to improve the processes, initiatives, and innovations of organizations across sectors through the power of insight. Let’s kick things off by asking the question: what is a data dashboard?

Dashboards 316

Dashboards KPI Sales Visualization 316

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It’s a hot topic, and as technologies continue to evolve at a rapid pace, the scope of the cloud continues to expand. These servers are busy storing, managing, and processing data that enables users to expand or upgrade their infrastructure and retrieve files on demand. Table of Contents.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

Smart Data Collective

OCTOBER 3, 2023

Cloud technology is starting to have a huge impact on the field of academia. Cloud technology has taken over all aspects of our lives, and schools are no exception. Increased connectivity and technology promote innovation and out-of-the-box thinking. Cloud computing lowers IT infrastructural costs.

Technology 127

Technology Cost-Benefit Data-driven Software 127

CIO Business Intelligence

JANUARY 3, 2025

But many enterprises have yet to start reaping the full benefits that AIOps solutions provide. An increasingly complex technology landscape makes it more difficult to resolve issues. At the same time, the scale of observability data generated from multiple tools exceeds human capacity to manage.

IT 105

IT Cost-Benefit Data Science Data-driven 105

datapine

APRIL 12, 2019

Also, implementing effective management reports will create a data-driven approach to making business decisions and obtaining sustainable business success. Here, we explain the fundamental dynamics of project dashboard software, explore the benefits of project dashboards, and ask the question: what is a project dashboard?

Dashboards 233

Dashboards Management KPI Cost-Benefit 233

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. The complex and ever-evolving nature of logistics makes it an essential use case for big data applications. Did you know?

Big Data 275

Big Data Internet of Things Cost-Benefit Optimization 275

DataKitchen

DECEMBER 7, 2021

Back by popular demand, we’ve updated our data nerd Gift Giving Guide to cap off 2021. We’ve kept some classics and added some new titles that are sure to put a smile on your data nerd’s face. Fail Fast, Learn Faster: Lessons in Data-Driven Leadership in an Age of Disruption, Big Data, and AI, by Randy Bean.

Data-driven 246

Data-driven Data Governance Big Data Data Science 246

AWS Big Data

NOVEMBER 22, 2024

Organizations run millions of Apache Spark applications each month on AWS, moving, processing, and preparing data for analytics and machine learning. Data practitioners need to upgrade to the latest Spark releases to benefit from performance improvements, new features, bug fixes, and security enhancements. Original code (Glue 2.0)

Cost-Benefit 105

Cost-Benefit Data-driven Software Testing 105

datapine

DECEMBER 11, 2019

“Software as a service” (SaaS) is becoming an increasingly viable choice for organizations looking for the accessibility and versatility of software solutions and online data analysis tools without the need to rely on installing and running applications on their own computer systems and data centers. SaaS: The Key Characteristics.

Software 314

Software Cost-Benefit Data-driven Data Processing 314

CIO Business Intelligence

DECEMBER 6, 2023

Intelligent new services and infrastructure can optimize cost and performance, but the rapidly evolving technology environment also introduces complexity. Business transformation is a journey Great modern enterprises are only as good as their technology, which must keep pace with changing business demands.

Technology 116

Technology Digital Transformation Cost-Benefit Data-driven 116

Smart Data Collective

AUGUST 4, 2022

A growing number of businesses are relying on big data technology to improve productivity and address some of their most pressing challenges. Global companies are projected to spend over $297 billion on big data by 2030. Data technology has proven to be remarkably helpful for many businesses. Problem Statement.

Data-driven 136

Data-driven Big Data Cost-Benefit Management 136

Rocket-Powered Data Science

FEBRUARY 15, 2023

Third, any commitment to a disruptive technology (including data-intensive and AI implementations) must start with a business strategy. 3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)?

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

O'Reilly on Data

APRIL 5, 2023

That’s because AI algorithms are trained on data. By its very nature, data is an artifact of something that happened in the past. Data is a relic–even if it’s only a few milliseconds old. When we decide which data to use and which data to discard, we are influenced by our innate biases and pre-existing beliefs.

Cost-Benefit 297

Cost-Benefit Data-driven Measurement Visualization 297

CIO Business Intelligence

NOVEMBER 1, 2024

His first order of business was to create a singular technology organization called MMTech to unify the IT orgs of the company’s four business lines. Re-platforming to reduce friction Marsh McLellan had been running several strategic data centers globally, with some workloads on the cloud that had sprung up organically.

IT 105

IT Insurance Consulting Risk 105