CIO Business Intelligence

DECEMBER 30, 2024

Generative AI has seen faster and more widespread adoption than any other technology today, with many companies already seeing ROI and scaling up use cases into wide adoption. Vendors are adding gen AI across the board to enterprise software products, and AI developers havent been idle this year either.

ROI 141

ROI Software Modeling Interactive 141

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. Investments in AI agent projects are expected to yield orders of magnitude in ROI and business value if companies select high-impact use cases. Did this need to be an agent?

Testing 135

Testing Cost-Benefit Interactive ROI 135

CIO Business Intelligence

APRIL 25, 2024

According to a separate study on the AI readiness of Indian enterprises conducted by EY and Indian IT industry body Nasscom, enterprises are also holding back the deployment of AI due to concerns about data security, privacy, brand reputation, and the safety and security of people and equipment.

ROI 136

ROI Cost-Benefit Machine Learning Technology 136

erwin

AUGUST 13, 2020

For enterprise architecture, success is often contingent on having clearly defined business goals. This is especially true in modern enterprise architecture, where value-adding initiatives are favoured over strictly “foundational,” “keeping the lights on,” type duties.

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

CIO Business Intelligence

APRIL 30, 2025

Agentic AI is the new frontier in AI evolution, taking center stage in todays enterprise discussion. 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.

IT 128

IT Sales Cost-Benefit Data-driven 128

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

DECEMBER 11, 2024

Travel and expense management company Emburse saw multiple opportunities where it could benefit from gen AI. Both types of gen AI have their benefits, says Ken Ringdahl, the companys CTO. Another benefit is that with open source, Emburse can do additional model training. You get more control over your costs.

Cost-Benefit 115

Cost-Benefit Modeling Marketing Sales 115

CIO Business Intelligence

DECEMBER 10, 2024

According to AI at Wartons report on navigating gen AIs early years, 72% of enterprises predict gen AI budget growth over the next 12 months but slower increases over the next two to five years. Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

DECEMBER 18, 2024

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. Why risk management is vital Risks in enterprise IT have significantly evolved in the past year, demanding an emphasis on short- and long-term resilience plans spanning multiple areas.

Risk 105

Risk Risk Management Cost-Benefit Measurement 105

CIO Business Intelligence

AUGUST 14, 2024

Between building gen AI features into almost every enterprise tool it offers, adding the most popular gen AI developer tool to GitHub — GitHub Copilot is already bigger than GitHub when Microsoft bought it — and running the cloud powering OpenAI, Microsoft has taken a commanding lead in enterprise gen AI.

Enterprise 136

Enterprise Cost-Benefit Experimentation Modeling 136

CIO Business Intelligence

NOVEMBER 13, 2024

So for all its vaunted benefits to efficiency, gen AI doesn’t always reduce workloads. There’s already more low-quality AI content flooding search results, and this can hurt employees looking for information both on the public web and in enterprise knowledge repositories.

IT 141

IT Consulting ROI Cost-Benefit 141

datapine

SEPTEMBER 29, 2022

More generally, low-quality data can impact productivity, bottom line, and overall ROI. No, its ultimate goal is to increase return on investment (ROI) for those business segments that depend upon data. Industry-wide, the positive ROI on quality data is well understood. The 5 Pillars of Data Quality Management. 1 – The people.

Data Quality 241

Data Quality Metrics Data-driven Management 241

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. An enterprise with a strong global footprint is better off pursuing a multi-cloud strategy.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

Corinium

JUNE 6, 2019

Lack of clear, unified, and scaled data engineering expertise to enable the power of AI at enterprise scale. For instance, for a variety of reasons, in the short term, CDAOS are challenged with quantifying the benefits of analytics’ investments. What do you recommend to organizations to harness this but also show a solid ROI?

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

datapine

JANUARY 21, 2020

As a result, BI can benefit the overall evolution as well as the profitability of a company, regardless of niche or industry. Download here the top benefits cheat sheet, and start reporting! Benefits Of Business Intelligence And Reporting. Let’s see what the crucial benefits are: 1. What Is BI Reporting?

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

datapine

JANUARY 31, 2022

Because things are changing and becoming more competitive in every sector of business, the benefits of business intelligence and proper use of data analytics are key to outperforming the competition. It will ultimately help them spot new business opportunities, cut costs, or identify inefficient processes that need reengineering.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

CIO Business Intelligence

JUNE 18, 2024

Enterprise resource planning (ERP) is ripe for a major makeover thanks to generative AI, as some experts see the tandem as a perfect pairing that could lead to higher profits at enterprises that combine them. It’s difficult to estimate cost savings at Runmic because the company embraced AI early in its short history, Kouhlani says.

Enterprise 134

Enterprise Forecasting Unstructured Data Reporting 134

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

datapine

MAY 21, 2019

Armed with BI-based prowess, these organizations are a testament to the benefits of using online data analysis to enhance your organization’s processes and strategies. These past BI issues may discourage them to adopt enterprise-wide BI software. 1) Too expensive and hard to justify the ROI of BI.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards ROI 183

Smart Data Collective

NOVEMBER 12, 2021

BAS is one of the top features in security posture management platforms for enterprises. It is not only able to check whether or not security controls are working the way they should; it also maximizes the ROI on these controls. CART has a pronounced edge over traditional red teaming because of its consciousness.

Strategy 143

Strategy Enterprise Testing Cost-Benefit 143

Smart Data Collective

MAY 17, 2023

AI-Driven ERP Tools Are Becoming More Important than Ever AI tools are becoming more common in enterprise software. ERP systems have been stagnant for decades in managing and processing enterprise data. AI has a number of benefits for ERP software: AI technology can improve how ERP software handles and analyzes data.

Enterprise 116

Enterprise Cost-Benefit Software Data-driven 116

datapine

JULY 1, 2020

We will explain the ad hoc reporting meaning, benefits, uses in the real world, but first, let’s start with the ad hoc reporting definition. Your Chance: Want to benefit from modern ad hoc reporting? The Benefits Of Ad Hoc Reporting And Analysis. Try our professional reporting software for 14 days, completely free!

Reporting 260

Reporting Dashboards Cost-Benefit Visualization 260

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

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.

Cost-Benefit 140

Cost-Benefit ROI Sales Enterprise 140

Smarten

FEBRUARY 26, 2025

It may be difficult to understand how such complex systems can benefit from the no code, low code approach, since the very concept of this approach seems at odds with the complexity of an analytical solution, but nothing could be further from the truth. Read our free article, The Benefits Of Low-Code No-Code in Augmented Analytics.

Analytics 64

Analytics Cost-Benefit Visualization ROI 64

CIO Business Intelligence

SEPTEMBER 12, 2024

While some enterprises are already reporting AI-driven growth, the complexities of data strategy are proving a big stumbling block for many other businesses. Another Gartner survey found that nearly half (49%) of the organizations surveyed had difficulty estimating and demonstrating the value of their AI projects.

ROI 110

ROI Cost-Benefit Unstructured Data Metadata 110

CIO Business Intelligence

MARCH 6, 2024

Multiple attacks on well-known manufacturers have ended with huge expenses, including Austrian aerospace parts maker, FACC AG, which lost $61 million thanks to a phishing scam , and Norsk-Hydro , which was hit by a ransomware attack that cost $75 million. The first is the ability to get to ROI faster. To learn more, visit us here.

Manufacturing 126

Manufacturing Cost-Benefit ROI IoT 126

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 78

Business Intelligence ROI Analytics Digital Transformation 78

CIO Business Intelligence

AUGUST 15, 2024

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. Gen AI projects can cost millions of dollars to implement and incur huge ongoing costs, Gartner notes. For example, a gen AI virtual assistant can cost $5 million to $6.5

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

datapine

JANUARY 6, 2022

Based on that amount of data alone, it is clear the calling card of any successful enterprise in today’s global world will be the ability to analyze complex data, produce actionable insights and adapt to new market needs… all at the speed of thought. So… what are a few of the business benefits of digital age data analysis and interpretation?

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

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

CIO Business Intelligence

SEPTEMBER 9, 2024

Enterprises want to enjoy genAI’s many advantages and gain a competitive edge, but they need guidance on putting genAI to work and reassurance that it delivers tangible business benefits. Some of the most promising early applications address common enterprise pain points, including overburdened staff and escalating operational costs.

Cost-Benefit 126

Cost-Benefit ROI Enterprise Data-driven 126

datapine

NOVEMBER 5, 2019

All areas of your modern-day business – from supply chain success to improved reporting processes and communications, interdepartmental collaboration, and general organization innovation – can benefit significantly from the use of analytics, structured into a live dashboard that can improve your data management efforts. Instant insights.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

CIO Business Intelligence

SEPTEMBER 13, 2022

For the evolution of its enterprise storage infrastructure, Petco had stringent requirements to significantly improve speed, performance, reliability, and cost efficiency. This bank needed to upgrade its enterprise storage infrastructure as part of a major upgrade of online banking applications with a third-party provider.

Enterprise 97

Enterprise Insurance Cost-Benefit ROI 97

CIO Business Intelligence

MARCH 19, 2025

However, embedding ESG into an enterprise data strategy doesnt have to start as a C-suite directive. Complexity of measuring ROI : Unlike traditional business metrics, sustainability initiatives are often difficult to quantify in direct financial terms.

IT 59

IT Data Governance Data-driven Metrics 59

CIO Business Intelligence

OCTOBER 2, 2024

And Doug Shannon, automation and AI practitioner, and Gartner peer community ambassador, says the vast majority of enterprises are now focused on two categories of use cases that are most likely to deliver positive ROI. Data management, when done poorly, results in both diminished returns and extra costs.

Management 141

Management Data Governance Cost-Benefit Structured Data 141

datapine

JANUARY 24, 2021

An average business user and cross-departmental communication will increase its effectiveness, decreasing time to make actionable decisions and, consequently, provide a cost-effective solution. Or even better: “Which marketing campaign that I did this quarter got the best ROI, and how can I replicate its success?”. Giving the most ROI?

IT 317

IT Statistics KPI Data-driven 317