CIO Business Intelligence

MARCH 8, 2023

Fundamentally, if customers find it too difficult to engage digitally with your business, they’ll engage elsewhere. Digital transformation: The implications for network operations Meeting heightened customer expectations is basically what digital transformation is all about. Digital Transformation

Digital Transformation 98

Digital Transformation Cost-Benefit Data-driven Reporting 98

CIO Business Intelligence

JULY 22, 2024

We know upskilling and reskilling are critical to digital transformation and thriving in the future of work. Yet, despite the investments in IT training, we have a chronic skills shortage that’s causing, on average, digital transformations to fall behind by five months.

Digital Transformation 111

Digital Transformation IT Cost-Benefit Software 111

CIO Business Intelligence

JULY 11, 2022

Digital transformation goes well beyond reducing physical assets to bits. Digital transformation leverages software to re-invent the entire LBGUPS (Learn, Buy, Get, Use, Pay & Support) business value chain. What’s fueling accelerated digital transformation? Cloud and edge computing.

Digital Transformation 111

Digital Transformation Cost-Benefit Software IoT 111

CIO Business Intelligence

AUGUST 21, 2023

Atos earns the 2023 VMware Partner Worldwide Lifecycle Services Award for enabling end-to-end digital transformations True transformation is often a team effort. No matter what type of transformation, working with a trusted partner can make all the difference.

Digital Transformation 98

Digital Transformation Cost-Benefit Software Manufacturing 98

IBM Big Data Hub

JANUARY 8, 2024

Organizations are increasingly investing in digital transformation as a way to maintain or grow a competitive advantage. A tried-and-true way to approach digital transformation is to understand the relationship customers have with the product and the brand, where that relationship currently falls short, and how it can be improved.

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Digital Transformation Strategy Key Performance Indicator Cost-Benefit 60

Alation

NOVEMBER 4, 2022

In this blog we’ll describe digital transformation: how it can be achieved as well as how it can benefit your business. What does it mean to undergo a digital transformation? At its core, digital transformation is simply incorporating digital technology into one’s business.

Digital Transformation 52

Digital Transformation Cost-Benefit Insurance Machine Learning 52

CIO Business Intelligence

APRIL 5, 2022

The pandemic has put digital transformation up front and center on the CIO’s agenda over the past few years. According to 2022 State of the CIO study , 85% of CIOs are focusing on transformational initiatives with pre-pandemic levels of technology budget growth. Complexity, the key barrier to digital transformation.

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Digital Transformation Cost-Benefit Uncertainty Technology 105

IBM Big Data Hub

SEPTEMBER 13, 2023

The term digital transformation gets so much play these days that it’s almost become a cliché But experts from Frost & Sullivan believe that for most organizations, there’s a sizeable gap between dream and reality. Dublin-based Glen Dimplex has sales, manufacturing and distribution facilities around the world.

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Digital Transformation Consulting Unstructured Data Recreation/Entertainment 88

Cloudera

OCTOBER 6, 2022

Digital transformation. Everyone has their own ideas about what digital transformation means, so I decided to look up a few definitions. . CIO blog post : “Digital transformation is a foundational change in how an organization delivers value to its customers.”. Cost savings opportunities.

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Digital Transformation Cost-Benefit Data Lake Machine Learning 90

CIO Business Intelligence

APRIL 14, 2022

For the past decade, the Amazon.com effect has spread digital disruption to every corner of the B2C world, spurring incumbent, consumer-facing enterprises to undertake massive digital transformation initiatives as a matter of survival. Murali Bandaru, chief information and digital officer, ATD.

B2B 98

B2B Digital Transformation Data Lake Sales 98

bridgei2i

AUGUST 2, 2020

Intelligent Operations: The engine behind Digital Transformation. Yet, claims need to be settled, now more than ever and the cost of a single mistake is high, both the customer and the insurer. This moment of truth is now getting shifted irremovably. Enter, the role of Intelligent Operations. Author: Prithvijit Roy.

Digital Transformation 95

Digital Transformation Insurance Unstructured Data Cost-Benefit 95

IBM Big Data Hub

MAY 17, 2024

Cloud maturity models are a useful tool for addressing these concerns, grounding organizational cloud strategy and proceeding confidently in cloud adoption with a plan. Cloud maturity models (or CMMs) are frameworks for evaluating an organization’s cloud adoption readiness on both a macro and individual service level.

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Modeling Cost-Benefit Optimization Digital Transformation 96

CIO Business Intelligence

SEPTEMBER 7, 2023

The vision was to enable a digital transformation by building a highly skilled engineering workforce, supporting discipline and employee experience, embracing extreme automation, enforcing a single agile way of working, and optimizing our technology and reliability. When we do one, the others benefit. Digital Transformation

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Digital Transformation Technology Cost-Benefit Software 59

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

CIO Business Intelligence

SEPTEMBER 25, 2023

To do so, Nardecchia and his team sought to incorporate “digital threads” into the company’s hardware and thereby expand its business model beyond manufacturing into software-as-a-service. “We Finally, the third and most challenging pillar, Nardecchia says, was to develop a new business operating model and subscription-based services.

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Modeling Manufacturing Digital Transformation Cost-Benefit 105

CIO Business Intelligence

OCTOBER 14, 2024

Taylor adds that functional CIOs tend to concentrate on business-as-usual facets of IT such as system and services reliability; cost reduction and improving efficiency; risk management/ensuring the security and reliability of IT systems; and ongoing support of existing technology and tracking daily metrics.

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Digital Transformation Experimentation Cost-Benefit Risk 131

CIO Business Intelligence

SEPTEMBER 17, 2024

Moreover, undertaking digital transformation and technology modernization programs without an architect can lead to delays, technical debt , higher costs, and security vulnerabilities. Product managers then propose digital KPIs and other metrics highlighting the business benefits delivered.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

CIO Business Intelligence

JANUARY 23, 2024

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). As a result, outcome-based metrics should be your guide.

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Measurement Digital Transformation KPI Metrics 141

CIO Business Intelligence

SEPTEMBER 9, 2024

Tencent Cloud stands to benefit, particularly in APAC, where market size is predicted to grow from US$45.4 AI-driven initiatives across key sectors AI is becoming a vital driver of digital transformation, improving operational efficiency, cost management, and productivity. billion in 2024 to over US$110 billion by 2028.

Marketing 122

Marketing Cost-Benefit Digital Transformation Data-driven 122

Smarten

JANUARY 10, 2024

So, while Grok claims to offer a competitive advantage with its real-time approach, users must have an X account to enjoy the benefits of Grok and they must pay a premium which is comparable to the real-time premium version of OpenAI that is currently available to the public. with a 175 billion parameter training model and GPT 4 with 1.76

Marketing 52

Marketing Modeling IT Digital Transformation 52

CIO Business Intelligence

MAY 5, 2023

The combination of CarMax’s revolutionary digital business model applied to the used-car business with revolutionary AI tools available to all makes for powerful and profitable business outcomes. First-mover AI benefits CarMax’s IT leaders and IT staff were experimenting with OpenAI’s GPT-3.x billion overall. billion overall.

Digital Transformation 145

Digital Transformation Cost-Benefit Business Driver Machine Learning 145

CIO Business Intelligence

JULY 2, 2024

CIOs face the daunting challenge of driving innovation while managing costs and ensuring practical implementation in a rapidly advancing digital landscape. This article presents essential strategies for CIOs to strike the optimal balance among innovation, value, cost, and practicality in tech investments.

Technology 111

Technology Cost-Benefit Digital Transformation Optimization 111

CIO Business Intelligence

JUNE 12, 2024

For some organizations, shifting to the cloud has been a relatively quick race toward highly publicized benefits, such as scalability. Following the merger, the energy company began its digital transformation by unifying the three networks under one ERP system, SAP, with plans to eventually evolve to SAP’s S/4HANA SaaS-based model.

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Digital Transformation Cost-Benefit Forecasting Metrics 116

CIO Business Intelligence

SEPTEMBER 20, 2023

With the new strategy, instead of implementing corporate assets in countries so they’re managed locally, what we want, through the cloud model, is to develop an asset as a service that countries can use. This change in platform also entails a data governance model and operational changes. The third pillar of our strategy is data.

Modeling 98

Modeling Insurance IT Cost-Benefit 98

CIO Business Intelligence

AUGUST 27, 2024

Furthermore, the growing importance of AI necessitates the modernization of AI models and data pipelines to prevent issues like model drift and bias. Define clear objectives and secure executive buy-in Articulate challenges and benefits: Communicate the challenges posed by legacy applications and the potential benefits of APMR.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

CIO Business Intelligence

FEBRUARY 15, 2024

In the age of digital transformation, the CIO’s role is increasingly central to business, focused on driving growth and establishing a new digital culture across the organization. But without the full support of the CEO, a CIO’s innovation and digital transformation agenda will only go so far.

Strategy 134

Strategy Digital Transformation Cost-Benefit Forecasting 134

CIO Business Intelligence

APRIL 2, 2024

Over the past decade, CIOs have invested significantly in digital transformation initiatives in an effort to improve customer experiences, build data analytics capabilities, and deliver productivity enhancements with automation. Unfortunately, the business impact of many digital transformations continues to fall short of expectations.

Management 140

Management Digital Transformation Testing Experimentation 140

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. Now, if the model is drifting away, we get alerted automatically, and we fix it.” In the past, anybody could make a mistake easily.

Insurance 111

Insurance IT Cost-Benefit Unstructured Data 111

CIO Business Intelligence

JUNE 6, 2024

When it’s done well, every choice is calculated, made mindfully of both its short- and long-run impacts, and of the delicate balance in which it must hold certain key variables — cost, productivity, digital maturity, and the potential to build capabilities that last. Among such leaders is Barry Perkins.

Strategy 122

Strategy IT Cost-Benefit Digital Transformation 122

Jedox

AUGUST 20, 2018

Digitalization is tactical – automating activities, for example, while Digital Transformation is strategic – focusing on improving overall business processes and increasing business value. Digital transformation is much more than a buzz word. Self-Check – Maturity level. Business (planning) logic.

Digital Transformation 44

Digital Transformation Business Driver Sales Cost-Benefit 44

CIO Business Intelligence

SEPTEMBER 19, 2024

The challenge is that these architectures are convoluted, requiring multiple models, advanced RAG [retrieval augmented generation] stacks, advanced data architectures, and specialized expertise.” The goal at Goldcast is to link all these AI models and turn them into agents that do their assigned tasks without human prompts, she says.

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IT Cost-Benefit Consulting Modeling 138

CIO Business Intelligence

DECEMBER 6, 2023

However, this partnership model cannot keep pace with an always-changing technology landscape in which the skill gaps and lack of resources are increasing. The new models recognise this, drawing tech vendors to shift toward innovation-focused roles and become partners in the client’s success.

Digital Transformation 116

Digital Transformation Software Cost-Benefit Manufacturing 116

CIO Business Intelligence

AUGUST 8, 2023

billion through this model, which enhances efficiency and slashes labor costs by reducing the number of touchpoints. The business team wanted to introduce new concepts and try out new business models and this device became a bottleneck for all those ideas,” he says. “The

Modeling 98

Modeling IT Sales Cost-Benefit 98

Cloudera

NOVEMBER 19, 2018

Sustainable development benefits corporations that embrace it as well as benefitting the world-wide community. Cloudera’s customers and partners are among the corporations that are successfully implementing digital transformation initiatives with sustainability in mind.

Digital Transformation 40

Digital Transformation IoT Cost-Benefit Uncertainty 40

CIO Business Intelligence

SEPTEMBER 9, 2024

But there comes a point in a new technology when its potential benefits become clear even if the exact shape of its evolution is opaque. There’ll be further bumps in the road but there are now enough deployments and use cases for us to see the potential for a range of digital transformations across businesses and the public sector.

Cost-Benefit 131

Cost-Benefit Experimentation ROI Digital Transformation 131

CIO Business Intelligence

JUNE 21, 2023

In 2022, companies were still reeling from the rapid digital transformation efforts to survive the pandemic. A common but critical challenge I hear from CIOs, CTOs, and CDOs every day is that they have a difficult time helping the C-suite understand that IT is the very architecture for the future of business, not a cost center.

Modeling 105

Modeling Cost-Benefit ROI Business Objectives 105

CIO Business Intelligence

JANUARY 17, 2024

Digital transformation is not a new concept for Ipsos,” says global CIO Humair Mohammed. Its digital transformation process can be divided into several stages, according to Mohammed, each with its own objectives and challenges. The initiative follows agile methodologies to offer faster and better results to its clients.

Digital Transformation 119

Digital Transformation Dashboards Reporting Data Science 119