Smart Data Collective

SEPTEMBER 29, 2022

There are a number of benefits of using it to your company’s advantage. OCR and Other Data Extraction Tools Have Promising ROIs for Brands. A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations.

Data-driven 145

Data-driven Data Quality Optimization Insurance 145

CIO Business Intelligence

SEPTEMBER 24, 2024

This is a significant change moment,” says Rich Wiedenbeck, CAIO of Ameritas, an insurance and financial services company headquartered in Lincoln, Nebraska. 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

erwin

FEBRUARY 7, 2019

The banking, financial services and insurance industry typically deals with higher data velocity and tighter regulations than most. ROI on the automation solutions was realized within the first year. On the whole, the implementation resulted in extraordinary time savings and a total cost reduction of 60 percent.

Metadata 96

Metadata Insurance Data-driven Cost-Benefit 96

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

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Are you seeing any specific issues around the insurance industry at the moment that should concern CDAOs?

Insurance 150

Insurance Risk IoT Data-driven 150

Smart Data Collective

MARCH 23, 2023

AI technology offers a number of major benefits of small businesses and freelancers. However, one of the other benefits of AI is that it can help with your taxes! Advanced AI algorithms can reduce costs, save time, and improve ROI. You can also deduct the cost of your AI-driven tax preparation software.

Cost-Benefit 113

Cost-Benefit Insurance Advertising Consulting 113

CIO Business Intelligence

MAY 1, 2024

Ready to roll It’s shorter to make a list of organizations that haven’t announced their gen AI investments, pilots, and plans, but relatively few are talking about the specifics of any productivity gains or ROI. The costs for individual gen AI tasks can be pennies, but even small costs add up.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

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. Infinidat provided unmatched performance, availability, flexibility and lower total cost of ownership that the bank needed to maintain their edge in the marketplace.

Enterprise 97

Enterprise Insurance Cost-Benefit ROI 97

Alation

FEBRUARY 13, 2020

The research examined the potential ROI enterprises realize by deploying Alation. They looked at the benefits, costs and risks associated with a data catalog investment. It reveals both quantitative and qualitative benefits from data catalog adoption including a 364% return on investment (ROI), $2.7

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

CIO Business Intelligence

DECEMBER 5, 2023

Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Each dollar of operational cost reduction drips directly to the bottom line.”

IT 138

IT Cost-Benefit Digital Transformation ROI 138

CIO Business Intelligence

MARCH 16, 2022

A recent report found that 99% of organizations believe VSM provides key benefits, including accelerated delivery, improved transparency, reduced silos, and more.[1] For example, one team at a multinational automobile manufacturer has moved its projects into value streams and started to see a number of benefits. Conclusion.

Management 98

Management Cost-Benefit Insurance Business Objectives 98

CIO Business Intelligence

JUNE 13, 2022

Today, most banks, insurance companies, and other kinds of financial services firms have deployed natural language processing (NLP) tools to address some of their customer service needs. Juniper Research forecasts that in 2023 the global operational cost savings from chatbots in banking will reach $7.3

Deep Learning 105

Deep Learning Data Processing Insurance Cost-Benefit 105

Alation

FEBRUARY 20, 2020

With a cloud deployment, enterprises can leverage a “pay as you go” model; reducing the burden of incurring capital costs. Not only can resources be quickly provisioned and optimized for different workloads and processing needs, but it can be done cost effectively. Data that needs to be tightly controlled (e.g. Conclusion.

Data Lake 52

Data Lake ROI Metadata Cost-Benefit 52

CIO Business Intelligence

APRIL 19, 2022

But the real value bonanza comes from maturing a platform that gives business flexibility, operational adaptability, strategic options and resilience at a relatively low cost. Connecting systems with RPA may be trivial, but it has very limited ROI until the business is ready to break the silos and redesign end to end processes.

Digital Transformation 111

Digital Transformation Insurance Business Objectives ROI 111

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

IT 106

IT Cost-Benefit ROI Risk 106

IBM Big Data Hub

NOVEMBER 10, 2023

Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs.

Cost-Benefit 95

Cost-Benefit Insurance Unstructured Data Consulting 95

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. These HCM services include applicant tracking, compensation, talent, and learning management, as well as insurance and retirement services. An early partner of Amazon, the Roseburg, N.J.-based

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

Smart Data Collective

AUGUST 3, 2023

Its implementation offers numerous benefits and applications that streamline operations and enhance efficiency. Fleet managers increasingly turn to cutting-edge technologies to boost productivity and save costs. Look at the top blockchain benefits and how they improve fleet management.

Technology 98

Technology Management Cost-Benefit Manufacturing 98

CIO Business Intelligence

SEPTEMBER 11, 2023

Translating the CEO’s strategy Another legacy organization, 105-year-old The Teachers Insurance and Annuity Association of America (TIAA), has “a specific focus on elevating data and digital fluency” across the organization, says Sastry Durvasula, CIO and client services officer.

Digital Transformation 135

Digital Transformation ROI Strategy Data Science 135

CIO Business Intelligence

APRIL 20, 2023

They cannot secure it; they cannot effectively manage it; and they cannot control the spiraling costs of maintaining a mismatched portfolio of security tools with overlapping capabilities. One approach for organizations looking to counter tool sprawl and reduce costs is to deploy a single, authorized platform to handle multiple functions.

Cost-Benefit 73

Cost-Benefit Digital Transformation ROI Software 73

CIO Business Intelligence

APRIL 22, 2024

As such, Scavuzzo and his team look for technologies that do way more than boost productivity or cut costs. Moreover, Scavuzzo saw an additional business benefit to such an approach, thanks to scale: Using anonymized data, Marcum could analyze and compare client performance and thereby provide better consulting advice to them.

IT 126

IT Data-driven Strategy Consulting 126

Cloudera

AUGUST 22, 2021

It seems like there’s always something new to look out for every day, be it new use cases, technology or ways that organizations can benefit. This makes it tougher to understand the app dependencies and accurately assess for feasibility, costs, implementation and ultimately generate ROI. Cloud is ultimately just a vehicle.

Cost-Benefit 105

Cost-Benefit IoT Strategy Digital Transformation 105

IBM Big Data Hub

FEBRUARY 14, 2024

Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). AIOps is one of the fastest ways to boost ROI from digital transformation investments. Here are some of the industries that are benefiting now from the added power of AI.

Cost-Benefit 82

Cost-Benefit Insurance Machine Learning Unstructured Data 82

Jet Global

AUGUST 17, 2020

It calculates how much money is left from the revenue after removing the cost of goods sold and expresses it as a percentage of revenue. Gross Profit Margin = (Net Sales – Cost of Goods Sold) / Net Sales. These expenses include rent, inventory costs, insurance, payroll, research and development, etc.

Finance 98

Finance Metrics Key Performance Indicator KPI 98

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. Employee benefits: By empowering people to work from home. But first you need to define them.

Digital Transformation 52

Digital Transformation Cost-Benefit Insurance Machine Learning 52

John Wheeler

OCTOBER 21, 2019

These plans help inform the decision to purchase cyber insurance and determine the amount of coverage needed. Rather than simply looking at a cost/benefit analysis to determine the potential for loss minimization, CROs need to understand the technological risks behind a digital product or service in quantitative terms.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 89

Cost-Benefit Manufacturing Modeling Interactive 89

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. Anshu Bhardwaj, SVP and COO at Walmart Global Technology says that consumers arent the only ones who stand to benefit from mobile AI.

ROI 141

ROI Software Modeling Interactive 141

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. As organizations increasingly migrate to the cloud, however, CIOs face the daunting challenge of navigating a complex and rapidly evolving cloud ecosystem.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

IBM Big Data Hub

APRIL 4, 2024

Private cloud combines the main benefits of cloud computing—chiefly on-demand access to computing resources (e.g., For instance, IT teams can tailor specific data storage and backup needs, boosting overall efficiency and cost-effectiveness. SaaS, or Software-as-a-Service , is on-demand access to ready-to-use software apps (e.g.,

Data Processing 91

Data Processing Cost-Benefit Software Digital Transformation 91

CIO Business Intelligence

MARCH 13, 2024

But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. In February, McKinsey released the results of a survey showing that 84% of telcos using gen AI for customer services were seeing cost savings, and 45% of them reduced costs by 6% or more. But that was for tasks that the AI was good at.

IT 128

IT Consulting Testing Cost-Benefit 128

CIO Business Intelligence

NOVEMBER 7, 2022

Panorama Consulting Solutions, which regularly surveys businesses on the outcomes of their ERP projects, shows in its 2022 report that 81% of projects met ROI expectations a year or more after go-live. million in implementation costs. million in implementation costs. million over the following nine months.

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

Occam's Razor

NOVEMBER 2, 2015

The benefits are numerous. Economic Value (EcV) is the value of short and long-term revenue and cost savings. The way it works is that you compute the total cost of your Social Media program: SM employee salaries and benefits, agency fees, content acquisition/production costs, analyst salaries, executive time invested etc.

B2B 167

B2B Metrics Recreation/Entertainment Testing 167

Smart Data Collective

JANUARY 7, 2022

Many major companies have already moved to the cloud and discovered the benefits of doing so. They might be skeptical of some of the benefits as well. 7 Benefits a cloud-based POS system can give your business in 2022. One of the biggest benefits of cloud technology is that is helps remove workloads from local servers.

Cost-Benefit 126

Cost-Benefit Sales Software Reporting 126

CIO Business Intelligence

AUGUST 7, 2024

Now fully deployed, TCS is seeing the benefits. The framework “has revolutionized enterprise API development,” says CIO Milind Wagle, who cites several transformative benefits, including improved speed to market and a two- to threefold improvement in developer productivity when building APIs within industry and Equinix standards.

IT 120

IT Insurance Cost-Benefit Testing 120

Andrew White

JANUARY 11, 2021

With a success behind you, sell that experience as the kind of benefit you can help improve. As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. That may well be tied to how IT is classically managed: as a cost center.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

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 135

ROI Experimentation Cost-Benefit Metrics 135