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. Sam Altman, OpenAI CEO, forecasts that agentic AI will be in our daily lives by 2025. Let’s review a case study and see how we can start to realize benefits now.

Testing 135

Testing Cost-Benefit Interactive ROI 135

David Menninger's Analyst Perspectives

DECEMBER 31, 2024

Enterprises that adopt RPA report reductions in process cycle times and operational costs. Companies implementing task orchestration tools can quickly generate new ideas and optimize existing processes to drive significant innovation.

Cost-Benefit 130

Cost-Benefit Data-driven Enterprise Business Objectives 130

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

by THOMAS OLAVSON Thomas leads a team at Google called "Operations Data Science" that helps Google scale its infrastructure capacity optimally. ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective.

Forecasting 115

Forecasting Data Science Statistics Uncertainty 115

BizAcuity

FEBRUARY 21, 2025

Forecast trends and act strategically : Integration with advanced analytics and AI-powered insights helps businesses not only predict trends but also take proactive steps to stay ahead of competitors. Finance benefiting from automated forecasting, which reduces errors and ensures more accurate financial predictions.

Dashboards 52

Dashboards Optimization Finance Sales 52

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. SaaS Industry is forecasted to reach $55 billion by 2026. Our second forecast for SaaS trends in 2020 is Vertical SaaS. 2) Vertical SaaS.

Software 314

Software Cost-Benefit Data-driven Data Processing 314

datapine

JUNE 5, 2019

Business intelligence (BI) is a term that relates to the applications, infrastructure, practices, and tools that empower businesses to access a broad range of analytical data for improvement, campaign optimization , and enhanced decision-making that maximizes performance. The Top 10 Benefits Of Data Dashboards. They Are Customizable.

Dashboards 316

Dashboards KPI Sales Visualization 316

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

CIO Business Intelligence

APRIL 5, 2022

First, Optimas is using data analytics internally for a number of functions, including material acquisition for manufacturing; forecasting of production and customer demand; improving efficiency and accuracy with ordering from suppliers; and managing its inventory. Analytics is also helping the company better predict demand and consumption.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. Marsh McLennan has been using ML algorithms for several years for forecasting, anomaly detection, and image recognition in claims processing. This costs me about 1% of what it would cost” to license the technology through Microsoft.

IT 122

IT Insurance Consulting Risk 122

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. leading to poor performance and high cost.

Optimization 111

Optimization Cost-Benefit Consulting Strategy 111

datapine

OCTOBER 11, 2023

Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success. Now, let’s look at some benefits to keep putting the power of warehouse key performance indicators into perspective. But how do you know which indicators to track?

Metrics 217

Metrics KPI Management Cost-Benefit 217

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

OCTOBER 29, 2024

So much so that it cites the US Bureau of Labor Statistics which forecasts that nearly two million healthcare workers will be needed each year to keep up with domestic demand.

Cost-Benefit 89

Cost-Benefit Statistics Enterprise Forecasting 89

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. There are a number of huge benefits of using data analytics to identify seasonal trends.

Management 130

Management Analytics Predictive Analytics Cost-Benefit 130

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. Marsh McLellan has been using ML algorithms for several years for forecasting, anomaly detection, and image recognition in claims processing. This costs me about 1% of what it would cost” to license the technology through Microsoft.

IT 105

IT Insurance Consulting Risk 105

IBM Big Data Hub

JANUARY 25, 2024

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0

Optimization 73

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 73

Smart Data Collective

OCTOBER 13, 2021

Data virtualization is becoming more popular due to its huge benefits. What benefits does it bring to businesses? Physically moving and storing the same data in different repositories multiplies costs and slows down processes when IT changes need to be made. How is Data Virtualization performance optimized?

Visualization 145

Visualization Cost-Benefit Big Data Prescriptive Analytics 145

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. Collecting Relevant Data for Conversion Rate Optimization Here is some vital data that e-commerce businesses need to collect to improve their conversion rates. One report found that global e-commerce brands spent over $16.7 billion on analytics last year.

Optimization 97

Optimization Data Analytics Analytics Data-driven 97

CIO Business Intelligence

NOVEMBER 18, 2022

But when not managed strategically in the long run, cloud spending can quickly escalate and impact margins, cost of goods sold (COGS), and cost of revenue (COR). To optimize cloud investments, C-level executives are increasingly adopting cloud financial operations (FinOps).

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

CIO Business Intelligence

SEPTEMBER 7, 2023

The first is forecasting, where AI is used to make predictions about downstream demand or upstream shortages. Ultimately, AI will optimize supply chains to meet specific customer needs for any given situation. In the meantime, many companies continue to reap the benefits of improved forecasting and inspection.

Management 138

Management Forecasting Manufacturing Cost-Benefit 138

datapine

JUNE 15, 2023

Keep reading to find a definition, benefits, examples, and some key best practices to generate them successfully! Let’s dive deeper into the benefits below. On the contrary, organizations that fail to implement online data analysis tools to track and optimize their performance will simply stay behind.

Reporting 207

Reporting Dashboards Cost-Benefit Sales 207

CIO Business Intelligence

FEBRUARY 10, 2023

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. Benefits of predictive analytics Predictive analytics makes looking into the future more accurate and reliable than previous tools.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

DECEMBER 14, 2023

The timing for these advancements is optimal as the industry grapples with skilled labor shortages, supply chain challenges, and a highly competitive global marketplace. AI can help with all of these challenges via manufacturing-specific use cases that benefit manufacturers, their employees, and their customers. Here’s how.

Manufacturing 143

Manufacturing Cost-Benefit Unstructured Data Optimization 143

CIO Business Intelligence

DECEMBER 20, 2024

With a wide range of services, including virtual machines, Kubernetes clusters, and serverless computing, Azure requires advanced management strategies to ensure optimal performance, enhanced security, and cost efficiency. Enterprises must focus on resource provisioning, automation, and monitoring to optimize cloud environments.

Management 59

Management Cost-Benefit Optimization Metrics 59

DataRobot

OCTOBER 18, 2021

” Since some consumers receive noneconomic benefits from bargaining, organizations should think twice before implementing rigid processes where staff and customers have no control over the outcomes. There is a wealth of research showing again and again that evidence-based algorithms are more accurate than forecasts made by humans.

Forecasting 145

Forecasting Digital Transformation Cost-Benefit Data-driven 145

Smart Data Collective

AUGUST 29, 2022

There are a lot of benefits of using analytics to help run a business. However, the rapidly changing business environment requires more sophisticated analytical tools in order to quickly make high-quality decisions and build forecasts for the future. Most of these companies have found that is is very useful. Let’s dig deeper.

Analytics 132

Analytics Predictive Analytics Machine Learning Insurance 132

Smart Data Collective

DECEMBER 16, 2019

In the search for a solution that will access, organize, and cleanse their data, enterprises have no alternative but to invest in high-end data optimization software. This can only be achieved by having a system that will easily optimize data on your cloud and on-premises IT infrastructure resources.

Optimization 75

Optimization Enterprise Internet of Things Cost-Benefit 75

Cloudera

DECEMBER 20, 2022

With the right insights, energy production from renewable assets can be optimized and better predict the future of supply and demand. Organizations working in traditional energy generation will have to adjust costs by improving the efficiency of these plants. Investment is unavoidable, so the question becomes about smart investment.

Optimization 81

Optimization Data Analytics Analytics Cost-Benefit 81

Smart Data Collective

SEPTEMBER 28, 2021

Benefits of AI and IoT in Businesses. The advantages of IoT and AI could be combined to reap the full benefits of both. IoT implementation simplifies your organization and aids in creating precise forecasts, both of which are critical for increasing corporate efficiency.

IoT 145

IoT Internet of Things Cost-Benefit Consulting 145

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 19, 2025

While energy savings and waste reduction efforts may provide tangible cost benefits, the long-term reputational and regulatory advantages of ESG alignment are harder to measure. Demonstrate business value : Frame sustainability initiatives as cost-saving measures that enhance operational efficiency.

IT 59

IT Data Governance Data-driven Metrics 59

datapine

APRIL 12, 2023

In November, while running an advertising campaign that cost $1,500, the retailer sells $20,000 worth of ethical sweaters online. As you’ve learned by now, when done correctly, incremental sales analysis can bring multiple benefits to your company. In the end, your marketing efforts are only as valuable as their profitability.

Sales 176

Sales KPI Metrics Cost-Benefit 176

Jedox

NOVEMBER 23, 2021

The goal is to adopt an entrepreneurial mindset, make proactive decisions and to optimally support this with a professional, fully integrated S&OP solution. 5 steps to optimize S&OP performance. Step 1 – Product portfolio optimization based on strategic company goals. Figure 3: Top-down vs. bottom-Up product planning.

Optimization 74

Optimization Forecasting Sales Dashboards 74

CIO Business Intelligence

NOVEMBER 13, 2023

1 But despite some of the benefits of online sales, this isn’t all good news for retailers. Retailers that successfully harness edge data to deliver seamless omnichannel customer experiences will benefit from the win/win combination of increasing sales and decreasing costs for a powerful boost to the bottom line. May 2022. [2]

Cost-Benefit 131

Cost-Benefit Sales Data-driven Statistics 131

datapine

JANUARY 18, 2023

With the use of the right BI reporting tool businesses can generate various types of analytical reports that include accurate forecasts via predictive analytics technologies. Businesses use this type of report to spot any issues and define their solutions, or to identify improvement opportunities to optimize their operational efficiency.

Reporting 201

Reporting Metrics Dashboards Visualization 201

Smart Data Collective

JUNE 16, 2022

Until now, they were proactively involved to maximize IT efficiencies and accelerate cost savings in general. Having cost-effective and high-quality business analytics tools such as Atlassian, MS Visio, Business Process Modeller, Balsamiq, and similar BA tools is essential for org initiative improvement. Extract Value From Customer.

Business Analytics 135

Business Analytics Analytics Forecasting Business Analysis 135

CIO Business Intelligence

MAY 21, 2024

“We were using LLMs for chat support for administrators and employees, but when you get into vector data, and large graphical structures with a couple of hundred million rows of inter-related data and you want to optimize towards a predictive model for the future, you can’t get anywhere with LLMs,” says MakeShift CTO Danny McGuinness.

IT 131

IT Cost-Benefit Experimentation Forecasting 131