CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized.

IT 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

MARCH 5, 2025

Top impacts of digital friction included: increased costs (41%)increased frustration while conducting work (34%) increased security risk (31%) decreased efficiency (30%) lack of data for quality decision-making (30%) are top impacts. But organizations within the energy industry are in an especially precarious situation.

Management 86

Management Data-driven Cost-Benefit Risk 86

CIO Business Intelligence

DECEMBER 19, 2024

Below, I recap my virtual event conversation with two IT leaders, who shared their first-hand experience of the benefits that BMC Helix solutions have delivered in respective use cases. They automated remediation and significantly improved MTTR and overall service quality.

IT 98

IT Insurance Cost-Benefit Optimization 98

CIO Business Intelligence

NOVEMBER 18, 2024

According to the study, key areas where banks are currently focusing on gen AI include: Transactional use cases: Three out of five (61%) banks use the technology for transactional use cases such as credit analysis, portfolio management, risk assessment, legal contracts, offers, tenders, and pitch documents.

Digital Transformation 141

Digital Transformation Consulting Cost-Benefit Marketing 141

CIO Business Intelligence

AUGUST 21, 2024

The previous state-of-the-art sensors cost tens of thousands of dollars, adds Mattmann, who’s now the chief data and AI officer at UCLA. Adding smarter AI also adds risk, of course. “At The big risk is you take the humans out of the loop when you let these into the wild.” They also had extreme measurement sensitivity.

Risk 136

Risk Insurance Cost-Benefit Software 136

CIO Business Intelligence

JULY 10, 2024

We examine the risks of rapid GenAI implementation and explain how to manage it. These examples underscore the severe risks of data spills, brand damage, and legal issues that arise from the “move fast and break things” mentality. Effective partnering requires transparency and clear documentation from vendors.

Risk 111

Risk Strategy Consulting Cost-Benefit 111

O'Reilly on Data

NOVEMBER 28, 2023

Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing. 54% of AI users expect AI’s biggest benefit will be greater productivity. The second most common reason was concern about legal issues, risk, and compliance (18% for nonusers, 20% for users).

Enterprise 339

Enterprise Testing Modeling Reporting 339

Smart Data Collective

FEBRUARY 14, 2023

A growing number of companies are discovering that it offers tremendous benefits, but there are also some downsides to it. What Are the Benefits of Cloud Computing for Businesses? It is becoming increasingly popular among businesses due to its cost-effective nature and scalability.

Risk 119

Risk Cost-Benefit Software Technology 119

CIO Business Intelligence

JANUARY 14, 2025

Documentation and diagrams transform abstract discussions into something tangible. Technical foundation Conversation starter : Are we maintaining reliable roads and utilities, or are we risking gridlock? DevSecOps maturity Conversation starter : Are our daily operations stuck in manual processes that slow us down or expose us to risks?

Enterprise 119

Enterprise Technology Metrics Measurement 119

CIO Business Intelligence

APRIL 8, 2025

Fragmented systems, inconsistent definitions, legacy infrastructure and manual workarounds introduce critical risks. The decisions you make, the strategies you implement and the growth of your organizations are all at risk if data quality is not addressed urgently. Manual entries also introduce significant risks.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

datapine

APRIL 15, 2020

No matter if you need to develop a comprehensive online data analysis process or reduce costs of operations, agile BI development will certainly be high on your list of options to get the most out of your projects. Working software over comprehensive documentation. Finalize documentation, where necessary. Finalize testing.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

CIO Business Intelligence

JANUARY 3, 2024

The goal, he says, is to understand how AI will benefit Rich’s business overall. “We The risk of going out of business is just one of many disaster scenarios that early adopters have to grapple with. And it’s not just start-ups that can expose an enterprise to AI-related third-party risk. He’s not the only one.

Risk 131

Risk Enterprise Modeling Marketing 131

CIO Business Intelligence

JANUARY 24, 2024

In my view, companies that split up these functions are seeing second-order consequences around communication, costs, and conflict, and are bringing these roles back together. We’re piloting a way to do automated payments to subcontractors based on work in place that’s been identified with photo and video documentation,” Higgins-Carter says.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

CIO Business Intelligence

FEBRUARY 6, 2025

As Windows 10 nears its end of support, some IT leaders, preparing for PC upgrade cycles, are evaluating the possible cloud cost savings and enhanced security of running AI workloads directly on desktop PCs or laptops. Melby points out there are numerous benefits and claims there is potential for AI PCs to disrupt some SaaS markets.

Cost-Benefit 91

Cost-Benefit Modeling Marketing Enterprise 91

CIO Business Intelligence

JANUARY 30, 2025

These changes can expose businesses to risks and vulnerabilities such as security breaches, data privacy issues and harm to the companys reputation. The benefits far outweigh the alternative. It also includes managing the risks, quality and accountability of AI systems and their outcomes. What is governance? AI governance.

Testing 93

Testing Metrics Cost-Benefit Modeling 93

datapine

AUGUST 12, 2020

Knowing how to prepare and create one with the help of an online data analysis tool can reduce costs and time to decide on a relevant course of action. Benefit from great business reports today! Benefit from great business reports today! These reports also enable data collection by documenting the progress you make.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

CIO Business Intelligence

AUGUST 9, 2024

With generative AI businesses can now boost productivity and reduce costs, fundamentally changing how they work. Enterprises have tons of proprietary data in private documents and platforms like Snowflake Data Cloud or Oracle Cloud ERP, crucial for business operations. Take healthcare, for instance.

Interactive 143

Interactive Cost-Benefit Modeling Machine Learning 143

datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Without real-time insight into their data, businesses remain reactive, miss strategic growth opportunities, lose their competitive edge, fail to take advantage of cost savings options, don’t ensure customer satisfaction… the list goes on. Benefits Of Implementing a BI Strategy. Table of Contents.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

DataKitchen

NOVEMBER 5, 2024

The Medallion architecture offers several benefits, making it an attractive choice for data engineering teams. Finally, the challenge we are addressing in this document – is how to prove the data is correct at each layer.? Documentation and analysis become natural outcomes, not barriers to progress.

Data Quality 195

Data Quality Testing Metrics Reporting 195

erwin

AUGUST 20, 2020

Benefits of Enterprise Architecture. Through EA, organizations benefit from a context-rich, top-down and holistic perspective of their structure, including its limitations and potential. As a practice, EA involves the documentation, analysis, design and implementation of an organization’s assets and structure.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

Smart Data Collective

DECEMBER 21, 2020

We previously talked about the benefits of data analytics in the insurance industry. Key benefits of AI include recognizing speech, identifying objects in an image, and analyzing natural or unstructured data forms. Capturing data from documents. Estimation of vehicle repair costs. billion from the insurance industry.

Insurance 142

Insurance Cost-Benefit Big Data Unstructured Data 142

datapine

SEPTEMBER 29, 2022

Paired to this, it can also: Improved decision-making process: From customer relationship management, to supply chain management , to enterprise resource planning, the benefits of effective DQM can have a ripple impact on an organization’s performance. These processes could include reports, campaigns, or financial documentation.

Data Quality 241

Data Quality Metrics Data-driven Management 241

erwin

SEPTEMBER 17, 2020

It’s paramount that organizations understand the benefits of automating end-to-end data lineage. Here are six benefits of automating end-to-end data lineage: Reduced Errors and Operational Costs. Business terms and data policies should be implemented through standardized and documented business rules.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

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. According to figures from the Cato Institute, U.S

Data-driven 106

Data-driven Management Cost-Benefit Risk 106

Rocket-Powered Data Science

FEBRUARY 15, 2023

3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? (2) Why should your organization be doing it and why should your people commit to it? (3) In short, you must be willing and able to answer the seven WWWWWH questions (Who?

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

Cloudera

JUNE 1, 2021

Cloudera will benefit from the operating capabilities, capital support and expertise of Clayton, Dubilier & Rice (CD&R) and KKR – two of the most experienced and successful global investment firms in the world recognized for supporting the growth strategies of the businesses they back. Wrapping it up. What a day. 650-644-3900.

Uncertainty 144

Uncertainty Cost-Benefit Risk Strategy 144

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. Mounting technical debt and extending the life of legacy systems are key risks CIOs should be paranoid about.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

erwin

MARCH 25, 2021

And with many competing projects and activities vying for people’s time, it must be clear to people why choosing data governance activities will have a direct benefit to them. Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We

Data Governance 109

Data Governance Cost-Benefit IT Risk 109

O'Reilly on Data

SEPTEMBER 19, 2023

.” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” A single document may represent thousands of features.

Machine Learning 336

Machine Learning Testing Modeling Cost-Benefit 336

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

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 135

Insurance Cost-Benefit Measurement Data Processing 135

CIO Business Intelligence

MAY 23, 2023

Our goal will be to achieve this multi-cloud strategy in a way that is cost-neutral to customers, while allowing them to choose where they want to run applications or workloads. That’s what this is all about – ensuring customer choice and flexibility in managing their data and workloads. To learn more, visit Broadcom.

Uncertainty 145

Uncertainty Cost-Benefit Risk Enterprise 145

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

datapine

JUNE 29, 2022

Explore our 14 day free trial & benefit from great accounting reports! We will cover this more in detail later in the post with a few financial dashboard examples, but first, let’s look at the main benefits coming from these analytical tools. Your Chance: Want to test accounting reporting software for free? General Ledger.

Visualization 200

Visualization Reporting Cost-Benefit Snapshot 200

erwin

FEBRUARY 27, 2020

With effective change management, organizations usually realize faster implementations and lower costs. Organizations looking to adopt such an approach to change management would benefit from erwin Evolve – a solution addressing both enterprise architecture and business process modeling and analysis use cases.

Management 137

Management Enterprise Cost-Benefit Business Objectives 137

Smart Data Collective

SEPTEMBER 22, 2021

We have frequently talked about the benefits of using big data to make the most of your online marketing efforts. Businesswire talked about some of the benefits of using big data in print services. There are a number off benefits of big data in any business. AI and data analytics is a true gamechanger in this sector.

Management 116

Management Big Data Cost-Benefit Data-driven 116

erwin

JANUARY 30, 2020

Without a comprehensive and automated data governance framework, enterprises put themselves at high risk of conducting business based on poor metadata management and data intelligence processes, introducing unnecessary slowdowns and inaccuracies in their analytics. Top Five: Benefits of An Automation Framework for Data Governance.

Data Governance 145

Data Governance Metadata Cost-Benefit Digital Transformation 145