CIO Business Intelligence

AUGUST 14, 2024

The cost of OpenAI is the same whether you buy it directly or through Azure. Organizations typically start with the most capable model for their workload, then optimize for speed and cost. Platform familiarity has advantages for data connectivity, permissions management, and cost control. This isn’t a new issue.

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

CIO Business Intelligence

NOVEMBER 19, 2024

High costs Failing: The infrastructure and computational costs for training and running GenAI models are significant. Key takeaway: Cost management strategies are crucial for sustainable AI deployment. Key takeaway: A well-planned integration strategy can smooth the transition and maximize AI benefits.

Consulting 114

Consulting Cost-Benefit Experimentation Optimization 114

CIO Business Intelligence

OCTOBER 15, 2024

Together, Van Vreede and Sewell worked to identify the most relevant career experience for Sewell’s resume, shifting its focus to resonate with industries outside the government, and creating a separate executive biography document to highlight her accomplishments as a leader.

IT 119

IT Snapshot Cost-Benefit Data-driven 119

CIO Business Intelligence

AUGUST 21, 2024

Global insurance company A large insurance company adopted a cloud-based document management system to enable paperless operations around the world and simplify regulatory compliance. The organization had some tactical document management systems, but they were siloed and based on slow, outdated technology.

Management 107

Management Enterprise Insurance Cost-Benefit 107

AWS Big Data

SEPTEMBER 26, 2024

Organizations are collecting and storing vast amounts of structured and unstructured data like reports, whitepapers, and research documents. End-users often struggle to find relevant information buried within extensive documents housed in data lakes, leading to inefficiencies and missed opportunities.

Data Lake 102

Data Lake Cost-Benefit Unstructured Data Modeling 102

BA Learnings

MARCH 26, 2020

While some companies identify business benefits with the sole intention of getting business cases approved, more mature companies tend to devote their resources to tracking and measuring these business benefits after the projects have been concluded. This is particularly important to note when developing a cost-benefit analysis.

Key Performance Indicator 207

Key Performance Indicator Cost-Benefit ROI Measurement 207

CIO Business Intelligence

NOVEMBER 19, 2024

The analyst firm Forrester named AI agents as one of its top 10 emerging technologies this year and that it will deliver benefits in the next two to five years. That will help us achieve short-term benefits as we continue to learn and build better solutions. Let’s review a case study and see how we can start to realize benefits now.

Testing 114

Testing Cost-Benefit Interactive ROI 114

Sisense

SEPTEMBER 30, 2020

When creating a resource and community to help developers get the most out of your product, it’s important to empower them to contribute to developer documentation and not just have all your content coming from product or tech writers. Remember, the people who are writing documentation are not necessarily experts at visual design.)

Data Processing 52

Data Processing Experimentation Cost-Benefit Marketing 52

Smart Data Collective

SEPTEMBER 29, 2022

There are a number of benefits of using it to your company’s advantage. A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations. The benefits of big data cannot be overstated. This article reveals all!

Data-driven 135

Data-driven Data Quality Optimization Insurance 135

CIO Business Intelligence

NOVEMBER 11, 2024

Nate Melby, CIO of Dairyland Power Cooperative, says the Midwestern utility has been churning out large language models (LLMs) that not only automate document summarization but also help manage power grids during storms, for example.

ROI 135

ROI Cost-Benefit Experimentation Risk 135

AWS Big Data

NOVEMBER 22, 2024

Benefits of the dbt adapter for Athena We have collaborated with dbt Labs and the open source community on an adapter for dbt that enables dbt to interface directly with Athena. This makes sure your data models are well-documented, versioned, and straightforward to manage within a collaborative environment.

Data Lake 59

Data Lake Data Warehouse Cost-Benefit Data Transformation 59

CIO Business Intelligence

SEPTEMBER 19, 2024

While indispensable for continued growth, these benefits are, crucially, more accessible than ever, even for those without the financial resources of bigger companies. Tedious tasks such as transcriptions, document formatting, and meeting summaries can be quickly accomplished through GenAI.

Cost-Benefit 113

Cost-Benefit Digital Transformation Marketing Optimization 113

CIO Business Intelligence

OCTOBER 10, 2024

If they dump a pilot that’s not meeting expectations too soon, they may miss out on huge benefits down the line, but if they hang on too long, they can waste huge amounts of time, money, and resources. On the one side, Forrester recently warned organizations not to look for AI ROI too soon, because they could miss out on AI’s benefits.

ROI 132

ROI Experimentation Cost-Benefit Metrics 132

AWS Big Data

JULY 25, 2024

With CloudSearch, you can search large collections of data such as webpages, document files, forum posts, or product information. You send your documents to OpenSearch Serverless, which indexes them for search using the OpenSearch REST API. Because OpenSearch Service uses a REST API, numerous methods exist for indexing documents.

Cost-Benefit 120

Cost-Benefit Machine Learning Dashboards Management 120

CIO Business Intelligence

MAY 29, 2024

Keeping and growing an existing customer account is much more cost-effective than prospecting for new ones. For example, documentation automation helps businesses manage unstructured documents, such as PDFs or scanned documents, more efficiently. Kills repeat business. Maintain clear goals.

Cost-Benefit 96

Cost-Benefit Sales Risk ROI 96

Smart Data Collective

OCTOBER 12, 2022

One of the benefits of cloud technology is that it can help make printing easier. After all, you can always print documents at home or order copies from an online shop. Second, what are the benefits of using a cloud printing platform? Perhaps the most obvious benefit is that it can save you money on printer ink and paper costs.

Cost-Benefit 125

Cost-Benefit Testing Technology IT 125

CIO Business Intelligence

MAY 1, 2024

Telcos surveyed by McKinsey demonstrated the same blend of optimism and restraint as other industries, with a majority claiming to have cut costs with gen AI, and seen increases in call center agent productivity and improvement in marketing conversion rates with personalized content — both with models deployed in weeks rather than months.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

OCTOBER 17, 2023

The cost of running old applications and the infrastructure that supports them is problematic. Simply lifting and shifting current code to the cloud doesn’t help and can cost much more. To make a difference, applications must be fundamentally “rebuilt” to gain the desired benefits.

Cost-Benefit 125

Cost-Benefit Testing Risk Enterprise 125

CIO Business Intelligence

AUGUST 30, 2024

As HR technology evolves, professionals in the sector need to understand not only how the solutions function, but how to extract the most benefit from emerging system capabilities. Cost: $445 for both IHRIM members and non-members for exam only.

Cost-Benefit 113

Cost-Benefit Risk Management Strategy Testing 113

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. Adopt modern technologies : Streamline modernization efforts with modern technologies to improve scalability, agility, and cost efficiency.

Cost-Benefit 102

Cost-Benefit Key Performance Indicator ROI Strategy 102

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. Expion hasn’t yet calculated the potential new business created, but the tool will save the company the cost of about 1.5 data analyst FTEs.

Insurance 107

Insurance IT Cost-Benefit Unstructured Data 107

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. This costs me about 1% of what it would cost” to license the technology through Microsoft. MMTech built out data schema extractors for different types of documents such as PDFs.

IT 119

IT Insurance Consulting Risk 119

Smart Data Collective

MAY 7, 2023

Some of them are: Business formation documents Employment records Business asset records Tax returns and supporting documents Sales receipts Ledgers and registers Leases or mortgage documents Shareholder meeting minutes Bank and credit card statements Licenses and permits Insurance policies and records Loan documents.

Insurance 109

Insurance Cost-Benefit Measurement Data Processing 109

AWS Big Data

AUGUST 2, 2024

We’re excited to announce the new lower entry cost for Amazon OpenSearch Serverless. OpenSearch Compute Units (OCUs) for indexing and search workloads, the entry cost is cut in half. The new lower cost of entry benefits all collection types. The minimum cost is approximately $350 per month (four half OCUs).

Cost-Benefit 118

Cost-Benefit Testing Management Software 118

CIO Business Intelligence

OCTOBER 3, 2023

These tools bring benefits beyond automation. Typically these would include: • Process discovery: comprises process mining to identify bottlenecks and inefficiencies and task mining to identify user interactions in process, enabling those processes for which automation will deliver maximum benefits to be given priority.

Cost-Benefit 120

Cost-Benefit Machine Learning Interactive Software 120

Cloudera

OCTOBER 18, 2023

And just as financial services experiences its cycles, this time of year I find myself returning to the topic of cost reduction. These cutting-edge technologies provide lower-cost alternatives for discovering efficiencies within financial operations, all while enhancing the quality of services offered.

Cost-Benefit 78

Cost-Benefit Testing Machine Learning Optimization 78

CIO Business Intelligence

APRIL 18, 2024

A new breed of AI assistant has set its sights on the enterprise user in recent months, with Microsoft and other vendors promising huge productivity gains that offset the cost. Its Copilot for Microsoft 365, a high-profile offering among the growing list of AI agents, costs $30 per seat per month, with a 300-seat minimum. No,” he says.

Cost-Benefit 140

Cost-Benefit ROI Sales Enterprise 140

CIO Business Intelligence

DECEMBER 1, 2023

IT leaders looking for a blueprint for staving off the disruptive threat of generative AI might benefit from a tip from LexisNexis EVP and CTO Jeff Reihl: Be a fast mover in adopting the technology to get ahead of potential disruptors.

Cost-Benefit 127

Cost-Benefit Digital Transformation Machine Learning Deep Learning 127

CIO Business Intelligence

AUGUST 8, 2024

Gen AI offers many opportunities to spend too much and get too little in return when, instead, companies can use their gen AI budgets more strategically, allowing them to reap more benefits from investments and pull ahead of their competitors. Last year, only 3% of respondents said that gen AI implementation cost was a concern.

Cost-Benefit 139

Cost-Benefit Modeling Consulting Enterprise 139

IBM Big Data Hub

MAY 29, 2024

This ground-breaking technology is revolutionizing software development and offering tangible benefits for businesses and enterprises. For instance, creating use cases require meticulous planning and documentation, often involving multiple stakeholders and iterations. In summary, traditional SDLC can be riddled with inefficiencies.

Cost-Benefit 69

Cost-Benefit Testing Software Visualization 69

CIO Business Intelligence

JUNE 12, 2024

Most enterprise data is unstructured and semi-structured documents and code, as well as images and video. For example, gen AI can be used to extract metadata from documents, create indexes of information and knowledge graphs, and to query, summarize, and analyze this data. Plus, it costs more money.

Modeling 140

Modeling Testing Cost-Benefit Metadata 140

CIO Business Intelligence

DECEMBER 1, 2022

Since the early 1980s, the company has used an in-house Policy Administration System (PAS) with what is today Rocket Software’s Mobius Content Services Platform to classify, manage, and grant access along its mainframe to more than 4,000 unique document types. Failure to do so could lead to regulatory sanctions and even legal implications.

Insurance 108

Insurance Management Cost-Benefit Digital Transformation 108

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

JUNE 13, 2024

But purpose-built small language models (SLMs) and other AI technologies also have their place, IT leaders are finding, with benefits such as fewer hallucinations and a lower cost to deploy. SLMs can be trained to serve a specific function with a limited data set, giving organizations complete control over how the data is used.

IT 131

IT Cost-Benefit Machine Learning Testing 131

CIO Business Intelligence

SEPTEMBER 27, 2024

The scanned data, in fact, weren’t readable by software because they were extracted from documents from a hospital that operates in trauma and, therefore, often written in haste with inaccurate and contracted handwriting. “We The next step of the project was to use the digitalized data and analyze it.

Management 123

Management IT Cost-Benefit Testing 123

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. This costs me about 1% of what it would cost” to license the technology through Microsoft. MMTech built out data schema extractors for different types of documents such as PDFs.

IT 101

IT Insurance Consulting Risk 101

CIO Business Intelligence

JANUARY 22, 2024

According to a recent analysis by EXL, a leading data analytics and digital solutions company, healthcare organizations that embrace generative AI will dramatically lower administration costs, significantly reduce provider abrasion, and improve member satisfaction. The timing could not be better.

Cost-Benefit 105

Cost-Benefit Digital Transformation Data-driven Unstructured Data 105