CIO Business Intelligence

JANUARY 2, 2024

What benefit does AI serve to that department? Bring the whole organization on the AI journey CIOs also see the need to bring everyone along on that AI journey, something that takes a well-articulated narrative about the benefits AI can bring to those who are and will be impacted by the technology. We’re piloting, PoC-ing.

IT 144

IT Cost-Benefit Statistics Consulting 144

CIO Business Intelligence

FEBRUARY 5, 2024

Our primary goal has always been to innovate in ways that directly benefit our clients, ensuring that our products and processes, particularly in technology, are tailored to meet their evolving needs and daily demands. Could you share some facts and figures about Mashreq’s digital transformation process over recent years?

IT 119

IT Digital Transformation Cost-Benefit Technology 119

Smart Data Collective

MAY 28, 2019

There are a lot of benefits of using big data to simplify the accounting process. Cloud accounting software has not only made the logistics of bookkeeping less cumbersome but it has also reduced business costs and given business owners easier access to their financial information. The Dynamic Role of Cloud Technology in Accounting.

Cost-Benefit 79

Cost-Benefit Big Data Data Processing ROI 79

Smart Data Collective

SEPTEMBER 25, 2023

While there are many benefits of big data technology, the steep price tag can’t be ignored. We mentioned that data analytics offers a number of benefits with financial planning. In traditional definition, IT budgeting involves planning and tracking all the costs associated with your company’s IT infrastructure.

Data-driven 108

Data-driven IT Cost-Benefit Big Data 108

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

APRIL 23, 2024

One meaning: initiatives that, as outlined above, have potential benefit but a high probability of failure. You can choose to not charter a risky initiative, ignoring and eschewing its potential benefits. You can choose to not charter a risky initiative, ignoring and eschewing its potential benefits.

Risk 116

Risk IT Insurance Risk Management 116

CIO Business Intelligence

APRIL 1, 2024

New tech moves from bleeding edge to mainstream at an ever-increasing pace. Consider how fast generative AI went from avant-garde to ubiquity: At under two years, it may be a record. Luckily, there are ways to slash the timelines on those projects. Here veteran IT leaders and advisers offer eight strategies to speed up IT modernization.

Strategy 140

Strategy IT Digital Transformation ROI 140

CIO Business Intelligence

OCTOBER 17, 2023

AWS also builds its own low-cost AI chips ( Inferentia and Trainium ) in limited volumes; the company is using the chips internally to power its gen AI capabilities, and it is making the chips available to customers. The gen AI gold rush — with little clarity on cost “It’s the year of AI,” declares Forrester Research.

Marketing 144

Marketing IT Cost-Benefit Enterprise 144

CIO Business Intelligence

SEPTEMBER 26, 2023

Leaders who can establish financial- or time-related benefits to mitigate the risk of breaking the rule can show they have thought through the decision’s repercussions and have an objective view of the balance between risk and value, Chowning says. All are established to help the organization meet compliance and achieve essential goals.

IT 141

IT Risk Cost-Benefit Consulting 141

CIO Business Intelligence

JANUARY 11, 2024

In the case of Asana, capitalizing on these will require a commitment to being cost conscious, with an eye toward achieving efficiencies wherever possible, and then strategically deploying the savings that come from reevaluating the company’s operations. “We Amid the restraints, however, Srivastava sees opportunities.

IT 133

IT Uncertainty Cost-Benefit Strategy 133

CIO Business Intelligence

APRIL 19, 2024

Companies buying the marketing hype about the benefits of AI need to look for proofs of concept, added Mark McDonald, a distinguished vice president analyst at Gartner. AI promises cost savings, productivity improvements, and better customer experiences, but CIOs need to figure out how to calculate the ROI , McDonald said.

IT 132

IT Software Cost-Benefit ROI 132

Smart Data Collective

SEPTEMBER 13, 2023

One of the most important yet often overlooked benefits of AI is that it can help businesses bolster their digital security. With that in mind, businesses must do everything to ensure their processes and data are secured, as even the slightest problem can cost them financially. Financial health.

IT 103

IT Cost-Benefit Data Processing Software 103

CIO Business Intelligence

OCTOBER 16, 2023

Instead, failure today means an IT project doesn’t deliver some or all its expected benefits, according to CIOs, project leaders, researchers, and IT consultants. Instead, failure today means an IT project doesn’t deliver some or all its expected benefits, according to CIOs, project leaders, researchers, and IT consultants.

IT 136

IT Cost-Benefit Management Digital Transformation 136

CIO Business Intelligence

MARCH 5, 2024

Today, we have effective, cost-effective IT,” he says. “We Transformation should be completed quickly, without getting lost in the minutiae, says Ingo Elfering, group CIO of Fresenius. It’s better to do it quickly, like taking a Band-Aid off, even if it hurts for a short time,” he summed up at the recent Hamburg IT Strategy Days 2024.

IT 105

IT Digital Transformation Cost-Benefit Strategy 105

CIO Business Intelligence

OCTOBER 23, 2023

Jain says that starts by understanding the definition of “customer,” which Jain defines as “anybody who benefits from your services and products.” As a result, most IT functions have seen budget increases, support for more staff, and higher involvement in shaping enterprise strategy , according to multiple reports.

IT 137

IT Consulting Scorecard Key Performance Indicator 137

CIO Business Intelligence

JANUARY 17, 2023

Then, identify opportunities to reduce run costs and free up funds to invest in transformation and new technology capabilities. So your usage and costs should be elastic, expanding and contracting with workload. That’s a core benefit of cloud. Not necessarily. Remember, you don’t own cloud servers, you just “rent” them.

Cost-Benefit 138

Cost-Benefit IT Uncertainty Optimization 138

CIO Business Intelligence

NOVEMBER 8, 2023

The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. They weren’t communicating enough and it cost them a lot,” he says. in June, 2022, to 3.7% in June, 2022, to 3.7% Here’s how.

IT 133

IT Cost-Benefit Digital Transformation Software 133

CIO Business Intelligence

OCTOBER 5, 2023

While business leaders are highly focused on doing everything possible to maximize the operational and business benefits of their company’s cloud-native efforts, many of those benefits can be easily undermined by an inability to leverage synergies between projects and teams.

IT 124

IT Cost-Benefit Software Digital Transformation 124

CIO Business Intelligence

FEBRUARY 22, 2024

Getting AI off the ground After several years of innovating in AI, Ferrovial can cite many examples of projects and services benefitting from it. “If So projects to analyze huge amounts of data in multiple formats already in production are now considerably more efficient and cost effective.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

CIO Business Intelligence

NOVEMBER 8, 2023

For companies whose business units have traditionally operated independently, centralizing IT operations under one strategy can reap significant benefits — especially when it comes to offering a holistic customer experience and establishing a unified data foundation for leveraging the latest emerging technologies.

IT 124

IT Insurance Machine Learning Cost-Benefit 124

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. for every $1 spent.

IT 128

IT Consulting Testing Cost-Benefit 128

CIO Business Intelligence

OCTOBER 6, 2022

As an IT leader, being able to foster innovation not only benefits the IT itself, with greater efficiency, effectiveness and value, but the organization it serves and you personally, as it illustrates your ability to be an internal agent of change, a true business partner, and an asset at the strategy table. Think specificity.

IT 145

IT Cost-Benefit ROI Software 145

CIO Business Intelligence

JANUARY 25, 2023

To fully harness the benefits of modern network architectures, network operations teams need a deep understanding of how these systems perform. Even by making small advances in this IT arena, teams can deliver large business benefits and demonstrable return on investment (ROI). million per year. Avoiding Downtime Yields $2.5M

IT 98

IT Cost-Benefit ROI Software 98

CIO Business Intelligence

OCTOBER 12, 2023

In the business world, service desks are commonly designated as cost centers, a label that can sometimes limit their access to essential resources and support. Through leveraging these tactics, you can demonstrate how a fully equipped service desk can reduce financial impact and benefit the entire structure of your company.

Strategy 111

Strategy ROI IT Cost-Benefit 111

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT. There are ample reasons why 77% of IT professionals are concerned about shadow IT, according to a report from Entrust.

IT 137

IT Risk Cost-Benefit Risk Management 137

CIO Business Intelligence

JANUARY 2, 2024

That includes maintenance and upgrades deferred in favor of other projects or priorities, which can result in high future costs when those actions can no longer by avoided, often when a solution reaches end-of-life. Here’s where CIOs can rethink their approach to the long-term benefit of their organizations.

Risk 128

Risk IT Risk Management Sales 128

CIO Business Intelligence

DECEMBER 8, 2023

According to the report: “Our qualitative interviews indicated many companies are looking to recycle devices at the end of their lifecycles if they don’t already, and they are open to reducing the time it takes to refresh if it reduces cost over time.” Furthermore, 49% believe outdated hardware hinders employee productivity.

Strategy 104

Strategy IT Cost-Benefit Reporting 104

CIO Business Intelligence

APRIL 21, 2022

That’s a fringe benefit. You might have heard that if you can’t measure you can’t manage. You might have believed it, too. And if you think you need metrics to manage you might be feeling guilty about not having enough of them. Guilt no more. Good metrics are hard to craft, harder to manage, expensive to maintain, and perishable besides.

Metrics 105

Metrics IT Cost-Benefit Measurement 105

Smart Data Collective

SEPTEMBER 9, 2022

By one count, the average cost of handling a support ticket is roughly $1.60 By one count, the average cost of handling a support ticket is roughly $1.60 That means support tickets may cost you about $96 per hour. But if your firm is constantly overwhelmed by so many tickets that it feels like you’re drowning, that’s not normal.

IT 119

IT Cost-Benefit Software Optimization 119

CIO Business Intelligence

JANUARY 9, 2024

IT leaders say they’re discussing everything from the costs of AI implementations to whether AI is the existential threat to humanity some fear. “The CIO is at the nexus of those conversations,” says Tim Crawford, CIO strategic adviser at Los Angeles-based IT advisory firm AVOA. Which business cases actually need AI?

IT 140

IT Risk Cost-Benefit Enterprise 140

CIO Business Intelligence

SEPTEMBER 28, 2023

The first carefully details every type of cost each cost center has incurred, from CPU cycles, to SAN and NAS storage (separate them, of course), to developer hours, to help desk calls billed out in 10-minute increments. What makes IT organizations fail? Tell everyone they’re your customer Looking to fail? You have two alternatives.

IT 126

IT ROI Cost-Benefit Software 126

CIO Business Intelligence

JANUARY 26, 2023

Irrespective of getting a small or a large IT budget, by managing it well, technology decision makers can put their organization’s resources effectively toward delivering great business benefits. Enterprise technology leaders must differentiate between cost and investment if they want to make the most of their limited budgets.

IT 138

IT Cost-Benefit Finance Consulting 138

CIO Business Intelligence

DECEMBER 19, 2023

Service delivery excellence is an attribute that far too many IT leaders fail to prioritize. That’s unfortunate given how much of smooth business operations depends on the efficient delivery of IT services today. But is your organization doing all it can to ensure service delivery excellence? The following nine tips will help get your there.

IT 139

IT Testing Metrics Optimization 139

CIO Business Intelligence

DECEMBER 20, 2023

A key part of building experiences for our customers is doing it quickly and cost-effectively while delivering a great product.” An overall better measurement of how effective developers are is if we can get tools and experiences in our customers’ hands quicker, which will have an overall greater benefit,” he says.

Measurement 124

Measurement Software IT Metrics 124

CIO Business Intelligence

JANUARY 4, 2023

billion, with up to $1 billion of those costs being shouldered by the company in the fourth quarter of 2023. Salesforce said these costs consist of up to $1.4 Salesforce had nearly 80,000 global employees as of February 2022, up from more than 49,000 employees as of January 2020. billion and $2.1

IT 115

IT Cost-Benefit Insurance Measurement 115