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Where’s the ROI for AI? CIOs struggle to find it

CIO Business Intelligence

I have found very few companies who have found ROI with AI at all thus far,” he adds. The concern about calculating the ROI also rings true to Stuart King, CTO of cybersecurity consulting firm AnzenSage and developer of an AI-powered risk assessment tool for industrial facilities.

ROI 143
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Your Data Won’t Speak Unless You Ask It The Right Data Analysis Questions

datapine

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
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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO Business Intelligence

CIOs rank AI as a top priority alongside cybersecurity for IT departments. However, barriers such as adoption speed and security concerns hinder rapid AI integration, according to a new survey. There is a promising surge in the use of AI technologies across various industries. Today’s CIOs are working in a tornado of innovation.

ROI 136
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How to Set AI Goals

O'Reilly on Data

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.

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Building ROI with cloud migration

CIO Business Intelligence

But not every approach provides the same ROI. Each approach comes with its own benefits, time commitments, and cost. What are the benefits of each of the cloud modernization approaches? How much does each approach cost, in terms of both money and time?

ROI 98
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Writing Business Cases: 6 Things You Should Know About Identifying Project Benefits

BA Learnings

While some companies identify business benefits with the sole intention of getting business cases approved, more mature companies tend to devote their resources to tracking and measuring these business benefits after the projects have been concluded. This is particularly important to note when developing a cost-benefit analysis.

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7 Ways Data Analytics Is Boosting the ROI Of Digital Marketing

Smart Data Collective

But driving sales through the maximization of profit and minimization of cost is impossible without data analytics. Whether marketers intend to reach new customers or persuade the existing ones, here are ways analytics is boosting returns on investment (ROI): 1. Increased Customer Growth. Reduced Risks. Conclusion.

ROI 128