CIO Business Intelligence

NOVEMBER 13, 2024

So for all its vaunted benefits to efficiency, gen AI doesn’t always reduce workloads. And we’re at risk of being burned out.” 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.

IT 141

IT Consulting ROI Cost-Benefit 141

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

DECEMBER 19, 2024

Below, I recap my virtual event conversation with two IT leaders, who shared their first-hand experience of the benefits that BMC Helix solutions have delivered in respective use cases. What if artificial intelligence (AI) could prevent 1,000 potential outages and improve IT service health and delivery by more than 75%?

IT 98

IT Insurance Cost-Benefit Optimization 98

CIO Business Intelligence

NOVEMBER 1, 2024

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 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

JULY 23, 2024

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. While security risks are daunting, therapists remind us to avoid overly stressing out in areas outside our control.

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

JANUARY 3, 2025

But many enterprises have yet to start reaping the full benefits that AIOps solutions provide. Understanding the root cause of issues is one situational benefit of AIOps. Research respondents believe AI will positively impact IT complexity and improve business outcomes. Beneath the surface, however, are some crucial gaps.

IT 105

IT Cost-Benefit Data Science Data-driven 105

CIO Business Intelligence

MARCH 25, 2025

CIOs perennially deal with technical debts risks, costs, and complexities. While the impacts of legacy systems can be quantified, technical debt is also often embedded in subtler ways across the IT ecosystem, making it hard to account for the full list of issues and risks.

Risk 121

Risk Cost-Benefit Data-driven Digital Transformation 121

CIO Business Intelligence

NOVEMBER 19, 2024

This year, many CIOs have focused on getting AI prototypes up and running without fully considering the long-term operating costs , he says. Gartner recently estimated that organizations that don’t understand how their generative AI costs scale could make a 500% to 1,000% calculation error, he notes. That’s not where you want to be.”

Cost-Benefit 133

Cost-Benefit Risk Business Objectives Data-driven 133

CIO Business Intelligence

MARCH 4, 2025

From AI models that boost sales to robots that slash production costs, advanced technologies are transforming both top-line growth and bottom-line efficiency. The takeaway is clear: embrace deep tech now, or risk being left behind by those who do. Crucially, the time and cost to implement AI have fallen.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

CIO Business Intelligence

MARCH 25, 2025

Through needs-based shoring, the company can benefit from additional efficiency gains. With the Digital Agenda , the European Union is creating clear and uniform rules for the responsible use of data and artificial intelligence. In this context, clear responsibilities lie primarily with IT, legal, compliance and data protection departments.

IT 95

IT Key Performance Indicator Risk Reporting 95

CIO Business Intelligence

JANUARY 21, 2025

CIOs were given significant budgets to improve productivity, cost savings, and competitive advantages with gen AI. CIOs feeling the pressure will likely seek more pragmatic AI applications, platform simplifications, and risk management practices that have short-term benefits while becoming force multipliers to longer-term financial returns.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

CIO Business Intelligence

DECEMBER 19, 2024

It also has the benefit that as underlying AI costs drop over time service providers can extract more margin for this work. It also has the benefit that as underlying AI costs drop over time service providers can extract more margin for this work. Generally, its a fair trade for the customer and provider.

Cost-Benefit 128

Cost-Benefit Modeling ROI Marketing 128

CIO Business Intelligence

NOVEMBER 27, 2024

To fully benefit from AI, organizations must take bold steps to accelerate the time to value for these applications. Operational AI offers organizations significant benefits, including time and cost savings, and critical competitive advantages in today’s business landscape. This is where Operational AI comes into play.

Data Architecture 128

Data Architecture Cost-Benefit Machine Learning Experimentation 128

CIO Business Intelligence

MARCH 19, 2025

There are risks around hallucinations and bias, says Arnab Chakraborty, chief responsible AI officer at Accenture. The next evolution of AI has arrived, and its agentic. AI agents are powered by the same AI systems as chatbots, but can take independent action, collaborate to achieve bigger objectives, and take over entire business workflows.

Software 141

Software Risk Enterprise Cost-Benefit 141

CIO Business Intelligence

JULY 25, 2024

It also highlights the downsides of concentration risk. What is concentration risk? Looking to the future, IT leaders must bring stronger focus on “concentration risk”and how these supply chain risks can be better managed. In layman’s terms, it simply means putting all your eggs in one basket.

Risk 144

Risk Cost-Benefit Strategy Enterprise 144

CIO Business Intelligence

JANUARY 15, 2025

As a consequence, these businesses experience increased operational costs and find it difficult to scale or integrate modern technologies. Maintaining, updating, and patching old systems is a complex challenge that increases the risk of operational downtime and security lapse.

Cost-Benefit 124

Cost-Benefit Data-driven Enterprise Risk 124

CIO Business Intelligence

DECEMBER 11, 2024

Travel and expense management company Emburse saw multiple opportunities where it could benefit from gen AI. Both types of gen AI have their benefits, says Ken Ringdahl, the companys CTO. Another benefit is that with open source, Emburse can do additional model training. Its possible to opt-out, but there are caveats.

Cost-Benefit 115

Cost-Benefit Modeling Marketing Sales 115

CIO Business Intelligence

APRIL 23, 2024

As CIO, you’re in the risk business. Or rather, every part of your responsibilities entails risk, whether you’re paying attention to it or not. There are, for example, those in leadership roles who, while promoting the value of risk-taking, also insist on “holding people accountable.” You can’t lose.

Risk 116

Risk IT Insurance Risk Management 116

CIO Business Intelligence

DECEMBER 2, 2024

While CIOs understand the crushing weight of technical debt — now costing US companies $2.41 The more strategic concern isn’t just the cost— it’s that technical debt is affecting companies’ abilities to create new business, and saps the means to respond to shifting market conditions. You’re not alone.

ROI 136

ROI Cost-Benefit Metrics Strategy 136

CIO Business Intelligence

NOVEMBER 11, 2024

This is the easiest way to start benefiting from AI without needed the skills to develop your own models and applications.” For the global risk advisor and insurance broker that includes use cases for drafting emails and documents, coding, translation, and client research. Only 13% plan to build a model from scratch.

ROI 137

ROI Cost-Benefit Risk Experimentation 137

CIO Business Intelligence

DECEMBER 9, 2024

Despite these limitations and concerns among CIOs over AI costs, real progress has been made this year and we can expect to see this grow further in 2025. Assuming a technology can capture these risks will fail like many knowledge management solutions did in the 90s by trying to achieve the impossible.

Enterprise 116

Enterprise ROI Cost-Benefit Measurement 116

datapine

JANUARY 24, 2021

An average business user and cross-departmental communication will increase its effectiveness, decreasing time to make actionable decisions and, consequently, provide a cost-effective solution. In our cutthroat digital age, the importance of setting the right data analysis questions can define the overall success of a business.

IT 317

IT Statistics KPI Data-driven 317

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

O'Reilly on Data

OCTOBER 22, 2020

“ On peut interroger n’importe qui, dans n’importe quel état; ce sont rarement les réponses qui apportent la vérité, mais l’enchaînement des questions. “ “ You can interrogate anyone, no matter what their state of being. “ – Inspector Pastor in La Fée Carabine, by Daniel Pennac. And that’s fine.

Consulting 358

Consulting Risk Cost-Benefit Modeling 358

CIO Business Intelligence

OCTOBER 22, 2024

Organizations that deploy AI to eliminate middle management human workers will be able to capitalize on reduced labor costs in the short-term and long-term benefits savings,” Gartner stated. “AI New security and risk solutions will be necessary as AI agents significantly increase the already invisible attack surface at enterprises.

Enterprise 135

Enterprise Risk IoT Cost-Benefit 135

O'Reilly on Data

SEPTEMBER 15, 2020

AI Benefits and Stakeholders. AI is a field where value, in the form of outcomes and their resulting benefits, is created by machines exhibiting the ability to learn and “understand,” and to use the knowledge learned to carry out tasks or achieve goals. AI-generated benefits can be realized by defining and achieving appropriate goals.

Advertising 357

Advertising Cost-Benefit ROI Machine Learning 357

CIO Business Intelligence

JANUARY 5, 2025

Research from Gartner, for example, shows that approximately 30% of generative AI (GenAI) will not make it past the proof-of-concept phase by the end of 2025, due to factors including poor data quality, inadequate risk controls, and escalating costs. [1] AI in action The benefits of this approach are clear to see.

Enterprise 124

Enterprise Cost-Benefit Unstructured Data Data Quality 124

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 204

Cost-Benefit Risk Forecasting Software 204

CIO Business Intelligence

JANUARY 21, 2025

But alongside its promise of significant rewards also comes significant costs and often unclear ROI. For CIOs tasked with managing IT budgets while driving technological innovation, balancing these costs against the benefits of GenAI is essential.

Cost-Benefit 98

Cost-Benefit ROI Measurement Strategy 98

CIO Business Intelligence

JANUARY 21, 2025

Wei also noted that chemical supply costs in the US are substantially higher, citing the need to ship sulfuric acid from Taiwan to Los Angeles and then transport it to Arizona by truck. Supply chain constraints, such as higher material costs and logistical challenges, further increase expenses.

Manufacturing 116

Manufacturing Cost-Benefit Recreation/Entertainment Technology 116

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

The results can be used to uncover the source of bottlenecks, delays, unseen risks and unnecessary workloads that, in turn, allows organizations to institute improvements. I recently attended Infor’s Velocity Summit , designed to showcase the latest versions of its CloudSuite ERP software. It also offered a chatbot that utilized Amazon Lex.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Why is it that Google, a company once known for its distinctive “Do no evil” guideline, is now facing the same charges of “surveillance capitalism” as Facebook, a company that never made such claims? What Is Economic Rent?

Advertising 338

Advertising Cost-Benefit Marketing Risk 338

CIO Business Intelligence

NOVEMBER 27, 2023

Developing and deploying successful AI can be an expensive process with a high risk of failure. How can CIOs deliver accurate, trustworthy AI without the energy costs and carbon footprint of a small city? Train overnight when data center demand is low for better performance and lower costs. But do be careful.

Risk 132

Risk Cost-Benefit Modeling Optimization 132

CIO Business Intelligence

MAY 24, 2024

GRC certifications validate the skills, knowledge, and abilities IT professionals have to manage governance, risk, and compliance (GRC) in the enterprise. Enter the need for competent governance, risk and compliance (GRC) professionals. Why are GRC certifications important? Is GRC certification worth it?

Risk 119

Risk Risk Management Management Enterprise 119

CIO Business Intelligence

DECEMBER 10, 2024

Bogdan Raduta, head of AI at FlowX.AI, says, Gen AI holds big potential for efficiency, insight, and innovation, but its also absolutely important to pinpoint and measure its true benefits. That gives CIOs breathing room, but not unlimited tether, to prove the value of their gen AI investments.

Sales 143

Sales Metrics Data-driven Measurement 143

CIO Business Intelligence

AUGUST 21, 2024

The previous state-of-the-art sensors cost tens of thousands of dollars, adds Mattmann, who’s now the chief data and AI officer at UCLA. Adding smarter AI also adds risk, of course. “At The big risk is you take the humans out of the loop when you let these into the wild.” And, yes, enterprises are already deploying them.

Risk 136

Risk Insurance Cost-Benefit Software 136

AWS Big Data

JANUARY 9, 2025

Our experiments are based on real-world historical full order book data, provided by our partner CryptoStruct , and compare the trade-offs between these choices, focusing on performance, cost, and quant developer productivity. Data management is the foundation of quantitative research.

Metadata 111

Metadata Snapshot Cost-Benefit Optimization 111