CIO Business Intelligence

JULY 22, 2024

IT leader and former CIO Stanley Mwangi Chege has heard executives complain for years about cloud deployments, citing rapidly escalating costs and data privacy challenges as top reasons for their frustrations. They, too, were motivated by data privacy issues, cost considerations, compliance concerns, and latency issues.

Optimization 128

Optimization Strategy IT Cost-Benefit 128

Smart Data Collective

JANUARY 29, 2021

For example, they could maximize their employees’ skills or cut production costs. Although you may not think that this is a big issue, according to a recent study, businesses will pay approximately £650 billion in turnover costs by 2021. From major corporations to SMEs, cost-saving tactics should be an important avenue to explore.

Cost-Benefit 91

Cost-Benefit Data-driven Big Data Forecasting 91

CIO Business Intelligence

NOVEMBER 13, 2024

So for all its vaunted benefits to efficiency, gen AI doesn’t always reduce workloads. JP Morgan Chase president Daniel Pinto says the bank expects to see up to $2 billion in value from its AI use cases, up from a $1.5 billion estimate in May. The use of its API has also doubled since ChatGPT-4o mini was released in July.

IT 138

IT Consulting ROI Cost-Benefit 138

CIO Business Intelligence

AUGUST 2, 2024

For the past year, Malin Fahlén has been IT manager at Karolinska University Hospital, a stark contrast to her previous job as global head of e-commerce platforms for H&M. “I I made a U-turn,” she says. After being there for nine years, I decided I wanted to break new ground.” We have the task of building this infrastructure,” she says.

IT 117

IT Cost-Benefit Data-driven Management 117

CIO Business Intelligence

NOVEMBER 14, 2023

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Cloud costs will often — and rapidly — become large line items on budgets. Cloud costs will often — and rapidly — become large line items on budgets. There are other risks, too.

Strategy 145

Strategy Cost-Benefit IT Key Performance Indicator 145

CIO Business Intelligence

SEPTEMBER 10, 2024

We are embedding AI-powered capabilities across the suite so customers are benefiting from it as soon as they log in,” Evan Goldberg, founder and executive vice president of Oracle NetSuite, said in a statement. “By Bickley cautioned, however, that NetSuite will have to prove value to drive a renewal cost increase for these services.

IT 114

IT Cost-Benefit ROI Enterprise 114

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 119

IT Insurance Consulting Risk 119

CIO Business Intelligence

SEPTEMBER 26, 2024

A key benefit of 2D barcodes is data density and self-correction capabilities, which can enable item-level inventory tracking via serialization, ensuring every item is uniquely identified and tracked as it moves through the retail supply chain,” says Bob Carpenter, president and CEO of GS1 US. The benefits are potentially huge.

IT 124

IT Manufacturing IoT Cost-Benefit 124

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. ExpionIQ Advisor has cut the time to calculate the numbers needed for an RFP to a few hours, instead of days, Kumar says.

Insurance 107

Insurance IT Cost-Benefit Unstructured Data 107

Andrew White

JANUARY 29, 2020

It was titled, “ High Speed Seen Increasing Costs of Stock Trading ”. I guess that tells you all you need to know: There are benefits, and risks, to speed and access to information. I read an interesting article in today’s (Jan 28) US print edition of the WSJ. The article explores what is called “latency arbitrage”.

Cost-Benefit 99

Cost-Benefit Marketing Risk IT 99

CIO Business Intelligence

JULY 23, 2024

As a digital transformation leader and former CIO, I carry a healthy dose of paranoia. Call it survival instincts: Risks that can disrupt an organization from staying true to its mission and accomplishing its goals must constantly be surfaced, assessed, and either mitigated or managed. Is the organization transforming fast enough?

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

SEPTEMBER 19, 2024

Agentic AIs, a form of technology designed to run specific functions within an organization without human intervention, are gaining traction as enterprises look to automate business workflows, augment the output of human workers, and derive value from generative AI. In addition, the power of agentic AIs is still in its infancy, they say.

IT 138

IT Cost-Benefit Consulting Modeling 138

CIO Business Intelligence

JUNE 6, 2024

When it’s done well, every choice is calculated, made mindfully of both its short- and long-run impacts, and of the delicate balance in which it must hold certain key variables — cost, productivity, digital maturity, and the potential to build capabilities that last. Of the latter, 70% to 80% were supplied by strategic partners. “In

Strategy 121

Strategy IT Cost-Benefit Digital Transformation 121

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 78

Cost-Benefit Big Data Data Processing ROI 78

CIO Business Intelligence

JULY 2, 2024

This approach to better information can benefit IT team KPIs in most areas, ranging from e-commerce store errors to security risks to connectivity outages,” he says. Easy access to constant improvement is another AI growth benefit. IT team members tend to have better experiences when they’re working on meaningful activities,” he notes.

IT 143

IT Machine Learning Cost-Benefit Software 143

CIO Business Intelligence

JUNE 13, 2024

But purpose-built small language models (SLMs) and other AI technologies also have their place, IT leaders are finding, with benefits such as fewer hallucinations and a lower cost to deploy. When adopting AI, sometimes the best direction is to go small. It could be a very, very low barrier to entry.”

IT 131

IT Cost-Benefit Machine Learning Testing 131

CIO Business Intelligence

OCTOBER 7, 2024

Much of that research is applicable to other cancers, Smith adds, meaning that a breakthrough in breast cancer research can potentially benefit even more patients diagnosed with other cancers. This third annual benefit concert for Tech Day of Pink , held on Oct. The impact of this research is wide ranging — in 2022 there were 2.3

IT 122

IT Cost-Benefit Technology Sales 122

CIO Business Intelligence

JULY 25, 2024

IT managers are often responsible for not just overseeing an organization’s IT infrastructure but its IT teams as well. To succeed, you need to understand the fundamentals of security, data storage, hardware, software, networking, and IT management frameworks — and how they all work together to deliver business value.

IT 131

IT Management Risk Risk Management 131

CIO Business Intelligence

MAY 24, 2024

This was one area addressed in the HP-sponsored IDC whitepaper on the benefits of integrating managed device services, published in April 2024 [1]. Growing interest in meeting corporate sustainability goals has reframed how organizations think about IT asset usage, life-cycles, and end-of-life disposal practices.

Management 105

Management IT Cost-Benefit Metrics 105

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 101

IT Insurance Consulting Risk 101

CIO Business Intelligence

SEPTEMBER 27, 2024

The PoC was necessary to test the technology’s functioning and contain costs, which, by applying the system to all documents, would have grown significantly. “We In fact, gen AI isn’t currently among the implemented technologies at Euronics because Tesoro doesn’t see use cases functional to the retail activity. “IT

Management 123

Management IT Cost-Benefit Testing 123

CIO Business Intelligence

MAY 21, 2024

And the benefits of MakeShift’s use of AI are beginning to multiply. With the generative AI gold rush in full swing, some IT leaders are finding generative AI’s first-wave darlings — large language models (LLMs) — may not be up to snuff for their more promising use cases. It’s fabulous.”

IT 131

IT Cost-Benefit Experimentation Forecasting 131

Cloudera

OCTOBER 10, 2024

Iceberg has many features that drastically reduce the work required to deliver a high-performance view of the data, but many of these features create overhead and require manual job execution to optimize for performance and costs. Compaction is a process that rewrites small files into larger ones to improve performance.

Optimization 83

Optimization Snapshot Data Lake Cost-Benefit 83

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

MAY 30, 2024

To achieve that, we needed a cost-effective solution that could streamline workflows, provide a robust view of procurement processes in real-time, identify rogue spending, and enable us to audit all agencies by the Dec. The demand is coming from companies [that] have been told by strategy firms that they must cut costs to preserve margins.

IT 140

IT Cost-Benefit Key Performance Indicator Dashboards 140

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 109

Data-driven IT Cost-Benefit Big Data 109

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

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 ROI Digital Transformation 138

CIO Business Intelligence

APRIL 25, 2024

Here, it was believed an LLM would help, as an oft-touted benefit of LLMs is their speed, enabling them to complete complex steps rapidly. Cost considerations One aspect that Bottaro dubbed “a hurdle” was the cost. Again, cost can mean different things in different phases of a project, as LinkedIn’s experience shows. “The

IT 139

IT Experimentation Cost-Benefit Metrics 139

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Those customers should be evaluating if, when and how they will tap into the benefits that AI and GenAI can provide to improve operational and financial performance. With a perception of limited or no benefit, not taking any action can appear attractive and may be the right choice.

Cost-Benefit 130

Cost-Benefit Risk Forecasting Software 130

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

CIO Business Intelligence

NOVEMBER 7, 2024

The layoffs will cost the company somewhere between $11 million and $13 million for “cash expenditures for severance payments, employee benefits, and related costs” according to a US Securities and Exchange Commission (SEC) form 8-K (which must be filed to reveal major events that shareholders should be aware of) that the company filed on Wednesday.

IT 115

IT Cost-Benefit Business Objectives Reporting 115

CIO Business Intelligence

MAY 22, 2024

Difficulties estimating or demonstrating the value of AI technologies to the business have been or will be a top barrier to their implementation, according to a recent Gartner survey of more than 700 IT leaders at organizations that have adopted or plan to adopt AI. Nearly half of respondents pointed to challenges with showing its value.

ROI 143

ROI IT Measurement Cost-Benefit 143

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

Modeling 124

Modeling Cost-Benefit IT ROI 124