CIO Business Intelligence

FEBRUARY 21, 2023

If you think you’re keeping up, think again: One recent study from research firm Gartner found that the majority of CEOs (59%) say digital initiatives take too long and 52% take too long to realize value. The pressure is on to accelerate digital transformation, according to CIOs, researchers, and analysts.

Digital Transformation 145

Digital Transformation Marketing Technology Business Driver 145

CIO Business Intelligence

DECEMBER 10, 2024

Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. Bogdan Raduta, head of AI at FlowX.AI, says, Gen AI holds big potential for efficiency, insight, and innovation, but its also absolutely important to pinpoint and measure its true benefits.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

DECEMBER 18, 2024

With the increasing sophistication of cyber threats and the accelerated pace of digital transformation, organizations must be more proactive in identifying and mitigating risks. Resilience frameworks have measurable ROI, but they require a holistic, platform-based approach to curtail threats and guide the safe use of AI, he adds.

Risk 105

Risk Risk Management Cost-Benefit Measurement 105

CIO Business Intelligence

APRIL 30, 2025

The study found better oversight of business workflows to be the top perceived benefit of it. She sees potential in using agents to schedule client work and match client requirements with the best-skilled and cost-effective resources. These areas were chosen for their clear ROI potential.

IT 139

IT Sales Cost-Benefit Data-driven 139

CIO Business Intelligence

OCTOBER 30, 2023

In today’s digitally transforming world, time is of the essence. As you seek to boost agility and speed your organization’s digital transformation, there are some proven principles you can apply. In the process, they can break down the silos that stifle digital transformation. Digital Transformation

Management 144

Management Digital Transformation Cost-Benefit ROI 144

CIO Business Intelligence

MARCH 10, 2023

Digital transformation has brought significant adoption of new technology and business models, including cloud solutions, e-commerce platforms, smart devices, and a significantly more distributed workforce. The result is a more efficient, cost-effective, and productive cyber workforce.

Digital Transformation 143

Digital Transformation Cost-Benefit ROI Risk 143

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

MARCH 6, 2024

While time is of the essence for companies in this transformation process, cybersecurity must not be an afterthought. An explosion of OT assets As digital transformation has built momentum, manufacturers have rapidly increased the number of OT assets connected to their internal networks.

Manufacturing 126

Manufacturing Cost-Benefit ROI IoT 126

CIO Business Intelligence

JANUARY 7, 2025

In todays fast-paced digital landscape, the cloud has emerged as a cornerstone of modern business infrastructure, offering unparalleled scalability, agility, and cost-efficiency. This serves as a baseline to drive cloud adoption and getting started with a shifting mindset on how to make money with cloud and not just cost savings alone.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

CIO Business Intelligence

JULY 5, 2024

This is why many enterprises are seeing a lot of energy and excitement around use cases, yet are still struggling to realize ROI. So, to maximize the ROI of gen AI efforts and investments, it’s important to move from ad-hoc experimentation to a more purposeful strategy and systematic approach to implementation.

ROI 124

ROI Experimentation Risk Cost-Benefit 124

Smarten

MARCH 6, 2022

What happens is that your return on investment (ROI) plummets and your total cost of ownership (TCO) goes way up. So, how does one improve ROI and TCO for business intelligence and augmented analytics? But, there are worse things than user dissatisfaction; namely what happens when your users do not adopt the software.

Business Intelligence 76

Business Intelligence ROI Analytics Digital Transformation 76

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.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

CIO Business Intelligence

AUGUST 16, 2022

Due to the cloud-based, platform business model, possibilities will open up not only for operations and maintenance services around core digital twin models, but for value-added digital services wrapped around these twins such as visualization, collaboration, physical and cybersecurity, data analytics, and AI-enabled preventative maintenance.

Visualization 145

Visualization Cost-Benefit IoT Digital Transformation 145

Alation

NOVEMBER 4, 2022

Perhaps you want to boost your ROI or CAGR, or reduce the time your analysts spend accessing and leveraging data. 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?

Digital Transformation 52

Digital Transformation Cost-Benefit Insurance Machine Learning 52

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 111

ROI Digital Transformation Cost-Benefit Measurement 111

Cloudera

JANUARY 17, 2021

s digital transformation of the manufacturing industry, which in itself is pretty remarkable. The last two years have seen remarkable acceleration of digital transformation in a whole host of segments. The Digital Experience Benefits. Most blogs in my history are very focused on Industry 4.0’s

Digital Transformation 65

Digital Transformation Cost-Benefit Manufacturing Sales 65

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. Others conducted apples-to-apples comparisons of public cloud versus on-premises costs.

ROI 126

ROI Cost-Benefit KPI Uncertainty 126

DataKitchen

JUNE 24, 2021

At Astrazeneca, Kurt Zimmer explained that data, “ provides a massive opportunity to drive all sorts of levers, such as to lower cost and to drive things like speed of execution, which has a tremendous impact on the ability to bring life-saving medicines to the marketplace.” Some of the numbers are pretty astounding.” . That’s plenty.”.

Metrics 211

Metrics ROI Measurement Cost-Benefit 211

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

JANUARY 3, 2024

It’s important to think about how a digital twin may be able to integrate these existing elements for a common operating picture and single system of record. This can often lead to improvements in efficiency, performance, and cost savings by way of a holistic view of building operations.

Cost-Benefit 136

Cost-Benefit ROI Manufacturing Optimization 136

CIO Business Intelligence

AUGUST 27, 2024

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. Quantify ROI: Provide a detailed return on investment (ROI) analysis to gain leadership support. Employ AI and ML to assist in processes.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

CIO Business Intelligence

FEBRUARY 28, 2024

Flexibility, Scalability, and Implementation Challenges The flexibility and scalability of SD-WAN are underscored as crucial benefits for organizations embarking on digital transformation journeys. SD-WAN is not a one-size-fits-all solution, and aligning the technology with a comprehensive digital strategy is crucial.

Cost-Benefit 98

Cost-Benefit Digital Transformation ROI Strategy 98

datapine

DECEMBER 11, 2019

SaaS is a software distribution model that offers a lot of agility and cost-effectiveness for companies, which is why it’s such a reliable option for numerous business models and industries. This results in more flexibility and upselling opportunities, and lower customer acquisition costs. 3) The Growing Need For API Connections.

Software 314

Software Cost-Benefit Data-driven Data Processing 314

CIO Business Intelligence

AUGUST 3, 2022

I often hear CIOs say that they do not believe the cost benefits of a cloud-based infrastructure are worthwhile, but they are missing the point. The cloud is about more than managing costs. Transformational leadership. The cloud. The cloud is an enabler for all that will come. Usable data.

Finance 145

Finance IoT Digital Transformation Sales 145

CIO Business Intelligence

JULY 26, 2024

Despite digital transformation being a highly effective way to further develop the long-term business model, it can be a very drawn-out and arduous process. It also means some individual cloud projects fail, there’s been a change of provider, or there’s some disillusionment regarding costs of new cloud operating models.

Digital Transformation 143

Digital Transformation Cost-Benefit Data Processing Risk 143

CIO Business Intelligence

DECEMBER 5, 2023

But as digital transformation efforts have intensified in recent years, CIOs have had fewer opportunities to pause and reevaluate IT’s financial situation. That means taking a long hard look at costs and ensuring their spend is focused on the future and not just maintaining the past,” says Jay Upchurch, EVP and CIO at SAS.

IT 138

IT Cost-Benefit Digital Transformation ROI 138

CIO Business Intelligence

JANUARY 24, 2024

Karen Higgins-Carter, previously CIO of Webster Bank, joined Gilbane just over a year ago as CDIO with the responsibility of digitally transforming this 153-year-old business. We’re in an industry that is ripe for transformation,” says Higgins-Carter, pictured above, center. So they’ll be patient when it comes to ROI.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

CIO Business Intelligence

SEPTEMBER 24, 2024

To that end, Wiedenbeck and his team are tackling “unit cost,” or the expense of specific products and services, such as writing a policy, servicing a claim, or handling a customer request. See IDC PlanScape: Unit-Based Costing to Optimize IT Performance for an exploration of how unit cost can be applied to digital products and services.)

IT 130

IT Insurance Cost-Benefit Risk 130

CIO Business Intelligence

SEPTEMBER 19, 2024

But edge computing is unexplored territory for many and requires ongoing evaluation of performance and cost-effectiveness. Although edge implementations can cost more, eliminating latency can be worth the expense. To that end, IT leaders should perform a careful analysis of ROI before, during, and after an edge implementation.

ROI 119

ROI Cost-Benefit IoT Digital Transformation 119

CIO Business Intelligence

FEBRUARY 16, 2024

For most organizations, a shift to the cloud brings scalability, access to innovative tools, and the possibility of cost savings. When you’re introducing many new applications, the ease of getting them up and running and lowered costs [on the cloud] is tremendously beneficial,” he says. An early partner of Amazon, the Roseburg, N.J.-based

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

CIO Business Intelligence

DECEMBER 29, 2023

With the merging of operational efficiency and embracing new technologies, today’s CIOs are under increasing pressure to do more with less and become both technologists and business leaders, says Sunny Azadeh, CIO at digital services company GlobalLogic. “In

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

JULY 24, 2024

According to IDC’s April 2024 Future Enterprise Resiliency and Spending Survey, Wave 4 , companies are increasingly allocating budgets to explore technologies like generative AI, with 53% increasing IT budgets and 30% shifting budgets from digital transformation. Use minimum viable products (MVPs) to validate concepts.

Technology 98

Technology Experimentation Cost-Benefit Digital Transformation 98

CIO Business Intelligence

OCTOBER 3, 2023

With demand for low-cost energy ever increasing, along with competition from renewable sources of energy, ConocoPhillips is leveraging digital twins to optimize the safety and efficiency of its assets. This makes sense because it helps with safety, costs, and ultimately GHG [greenhouse gas] emissions.” billion to construct.

Digital Transformation 122

Digital Transformation Cost-Benefit Data Processing Optimization 122

CIO Business Intelligence

SEPTEMBER 11, 2023

This “positions us to adapt effectively to the shifting business landscape, making the most of digital transformation and remote work arrangements.” Anderson believes, though, that once they see the value of digital literacy, it will be “very well received.”

Digital Transformation 135

Digital Transformation ROI Strategy Data Science 135

CIO Business Intelligence

JUNE 28, 2023

The second stage focused on building algorithms and models to predict and simulate intricate biological conditions, accelerate discoveries, reduce risks, and optimize the cost-benefit ratio of technological developments using AI solutions. The team leaned on data scientists and bio scientists for expert support.

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

CIO Business Intelligence

FEBRUARY 22, 2024

Getting AI off the ground After several years of innovating in AI, Ferrovial can cite many examples of projects and services benefitting from it. “If So projects to analyze huge amounts of data in multiple formats already in production are now considerably more efficient and cost effective.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

CIO Business Intelligence

OCTOBER 12, 2022

The benefits of adopting Apple devices extend well beyond just ensuring employees’ satisfaction: With an increase in cyberattacks against corporate networks, understanding Apple platform security is key. Cost: Mac ownership also costs less than PC ownership in the long run, since Mac users are less likely to need computer support.

Cost-Benefit 98

Cost-Benefit Digital Transformation Enterprise ROI 98