CIO Business Intelligence

OCTOBER 30, 2023

And this goes for government organizations as well as private corporations, as adaptability enables improved mission effectiveness, improved citizen service, increased operational efficiency, faster response times, the ability to do more with less, and reduced costs.

Digital Transformation 143

Digital Transformation Risk Management IoT Cost-Benefit 143

CIO Business Intelligence

SEPTEMBER 24, 2024

To that end, Wiedenbeck and his team are tackling “unit cost,” or the expense of specific products and services, such as writing a policy, servicing a claim, or handling a customer request. 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

CIO Business Intelligence

SEPTEMBER 19, 2024

But edge computing is unexplored territory for many and requires ongoing evaluation of performance and cost-effectiveness. Although edge implementations can cost more, eliminating latency can be worth the expense. To that end, IT leaders should perform a careful analysis of ROI before, during, and after an edge implementation.

ROI 119

ROI Cost-Benefit IoT Digital Transformation 119

CIO Business Intelligence

DECEMBER 8, 2022

This is designed to help manufacturing, transportation and other industries accelerate sustainability initiatives and make data-driven decisions to reduce their carbon footprint and become more efficient through the intelligent use of IoT connectivity. For example: NTT is leveraging computer vision to reduce waste in a logistics warehouse.

IoT 101

IoT ROI Cost-Benefit Risk 101

Smart Data Collective

JUNE 16, 2022

Until now, they were proactively involved to maximize IT efficiencies and accelerate cost savings in general. However, the rapid technology change, the increasing demand for user-centric processes and the adoption of blockchain & IoT have all positioned business analytics (BA) as an integral component in an enterprise CoE.

Business Analytics 135

Business Analytics Analytics Forecasting Business Analysis 135

CIO Business Intelligence

AUGUST 9, 2024

Building this single source of truth was the only way the airport would have the capacity to augment the data with a digital twin, IoT sensor data, and predictive analytics, he says. Applying AI to elevate ROI Pruitt and Databricks recently finished a pilot test with Microsoft called Smart Flow.

Data Transformation 126

Data Transformation Machine Learning Data Lake Dashboards 126

Smart Data Collective

JULY 17, 2019

New IOT devices will facilitate in-home senior care. The benefits of this are threefold: Artificial intelligence-driven robots reduce the need for human workers. This reduces the costs involved. Cutting marketing costs. Caring Senior Advisor has shared some ways that AI will re-define the future of senior care.

Machine Learning 106

Machine Learning Cost-Benefit Advertising IoT 106

CIO Business Intelligence

MARCH 30, 2022

Emerging technologies such as artificial intelligence (AI), machine learning (ML), augmented reality (AR), the Internet of Things (IoT) and quantum computing can help organizations scale on demand, improve resiliency, minimize infrastructure investments and deploy solutions rapidly and securely. Enrich to Empower.

Technology 98

Technology Internet of Things ROI IoT 98

CIO Business Intelligence

FEBRUARY 22, 2024

Since its creation over five years ago, the Digital Hub has included a team of experts in innovation, technologies, and trends — such as IoT, big data, AI, drones, 3D printing, or advances in customer experience — who work in concert with other business units to identify and execute new opportunities.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

CIO Business Intelligence

JANUARY 23, 2024

For example, manufacturers should capture how predictive maintenance tied to IoT and machine learning saves money and reduces outages. We track KPIs on execution (on-time delivery, cycle time for adoption), risks, outcomes for benefits (time to market, change failures, major incidents), and costs (TCO before and after adoption).”

Measurement 141

Measurement Digital Transformation KPI Metrics 141

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

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

AWS Big Data

OCTOBER 26, 2023

times lower cost per user and up to 7.9 times lower cost per user and up to 7.9 Read on to understand why price-performance matters and how Amazon Redshift price-performance is a measure of how much it costs to get a particular level of workload performance, namely performance ROI (return on investment).

Data Warehouse 119

Data Warehouse Cost-Benefit Dashboards Optimization 119

IBM Big Data Hub

JUNE 20, 2023

The following are the six stages of asset lifecycle management: Planning: In the first stage of the asset lifecycle, stakeholders assess the need for the asset, its projected value to the organization and its overall cost. Reduced maintenance costs and downtime: Monitor assets in real time, regardless of complexity.

Strategy 71

Strategy Management Cost-Benefit IoT 71

IBM Big Data Hub

SEPTEMBER 11, 2023

Forrester’s 2022 Total Economic Impact Report for Data Management highlights the impact Db2 and the IBM data management portfolio is having for customers: Return on investment (ROI) of 241% and payback <6 months. This helps remove unnecessary network and infrastructure latencies and reduce cost and security vulnerabilities.

Machine Learning 85

Machine Learning Cost-Benefit IoT Data Warehouse 85

IBM Big Data Hub

JUNE 29, 2023

When a critical asset like an expensive piece of machinery or infrastructure breaks unexpectedly, it affects customers and can cost companies millions. Enterprises are constantly looking for new ways to optimize performance, increase reliability and extend asset lifespans—all without adding unnecessary costs. What is an asset?

Cost-Benefit 80

Cost-Benefit Measurement Predictive Analytics Management 80

IBM Big Data Hub

JUNE 30, 2023

Machinery, equipment, facilities and vehicles provide economic value or benefit operations. Organizations can’t work effectively if they don’t invest to keep their assets running cost-effectively throughout their lifecycle. Most organizations can’t run without physical assets. Let’s explore these in more depth.

Management 60

Management Cost-Benefit Enterprise IoT 60

Sisense

MARCH 13, 2019

It’s a wise decision, as the substantial benefits have become increasingly self-evident, such as faster decision-making, increased ROI, accelerated development, reduced time-to-market, lower TCO, lower burden on IT, and more empowered users, whatever their background and level of technical know-how. Customization and Open APIs.

Analytics 69

Analytics Business Intelligence ROI Cost-Benefit 69

IBM Big Data Hub

AUGUST 30, 2023

It is an enterprise cloud-based asset management platform that leverages artificial intelligence (AI) , the Internet of Things (IoT) and analytics to help optimize equipment performance, extend asset lifecycles and reduce operational downtime and costs. IBM Maximo customers will be required to move to IBM MAS when Maximo 7.x

Data Processing 66

Data Processing Cost-Benefit Internet of Things Enterprise 66

Alation

AUGUST 2, 2022

To enjoy the benefits of customer centricity, start by implementing the right habits such as these outlined by Gartner. What Are The Benefits Of Customer Centricity? Explore some additional benefits that a customer centric approach can unlock: Customer Acquisition. Reduce customer acquisition costs.

Cost-Benefit 52

Cost-Benefit Metrics Strategy Data Lake 52

BizAcuity

JULY 22, 2019

This is the era of IoT (the Internet of Things). This data is gathered by the Internet of Things (IoT) devices. The Benefits of Fleet Management Optimization. It also allows flexible route planning, which can reduce operational costs, increase productivity, ROI and reduce environmental impact.

IoT 93

IoT Management Internet of Things Optimization 93

Corinium

APRIL 25, 2019

And more recently, we have also seen innovation with IOT (Internet Of Things). Most enterprises in the 21st century regard data as an incredibly valuable asset – Insurance is no exception - to know your customers better, know your market better, operate more efficiently and other business benefits. That’s the reward.

Insurance 150

Insurance Risk IoT Data-driven 150

CIO Business Intelligence

JANUARY 8, 2025

This involves the integration of digital technologies into its planning and operations like adopting cloud computing to sustain and scale infrastructure seamlessly, using AI to improve user experience through natural language communication, enhancing data analytics for data-driven decision making and building closed-loop automated systems using IoT.

Experimentation 111

Experimentation Digital Transformation Cost-Benefit ROI 111

CIO Business Intelligence

MARCH 6, 2025

Related technologies headed into the trough include NFTs, Web3, decentralized exchanges, and blockchain for IoT. Lacking benefits at scale Fowler is not alone in his skepticism about blockchain. It hasnt yet delivered practical benefits at scale, says Salome Mikadze, co-founder at software development firm Movadex.

Insurance 131

Insurance Cost-Benefit Experimentation Technology 131