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. million in 2026, covering infrastructure, models, applications, and services.

Cost-Benefit 98

Cost-Benefit ROI Measurement Strategy 98

CIO Business Intelligence

JANUARY 23, 2024

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). He suggests, “Choose what you measure carefully to achieve the desired results.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

Smart Data Collective

MARCH 27, 2020

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. It goes without saying that more expensive cars cost more to insure. Insurance companies have access to stats on what make and model of car is stolen more often or involved in more crashes. Demographics. This includes: Age.

Insurance 137

Insurance Measurement Risk Cost-Benefit 137

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 By 2028, 40% of large enterprises will deploy AI to manipulate and measure employee mood and behaviors, all in the name of profit. “AI

Enterprise 135

Enterprise Risk IoT Cost-Benefit 135

BA Learnings

MARCH 26, 2020

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.

Key Performance Indicator 207

Key Performance Indicator Cost-Benefit ROI Measurement 207

CIO Business Intelligence

DECEMBER 30, 2024

Small language models and edge computing Most of the attention this year and last has been on the big language models specifically on ChatGPT in its various permutations, as well as competitors like Anthropics Claude and Metas Llama models.

ROI 141

ROI Software Modeling Interactive 141

O'Reilly on Data

JULY 28, 2020

These measures are commonly referred to as guardrail metrics , and they ensure that the product analytics aren’t giving decision-makers the wrong signal about what’s actually important to the business. When a measure becomes a target, it ceases to be a good measure ( Goodhart’s Law ). Any metric can and will be abused.

Marketing 364

Marketing Experimentation Metrics Testing 364

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. Operational efficiency: Logistics firms employ AI route optimization, cutting fuel costs and improving delivery times. Thats a remarkably short horizon for ROI.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

O'Reilly on Data

OCTOBER 22, 2020

Taking the time to work this out is like building a mathematical model: if you understand what a company truly does, you don’t just get a better understanding of the present, but you can also predict the future. Since I work in the AI space, people sometimes have a preconceived notion that I’ll only talk about data and models.

Consulting 363

Consulting Risk Cost-Benefit Modeling 363

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. These applications are designed to benefit logistics and shipping companies alike. Did you know?

Big Data 275

Big Data Internet of Things Cost-Benefit Optimization 275

datapine

JUNE 18, 2019

A data-driven finance report is also an effective means of remaining updated with any significant progress or changes in the status of your finances, and help you measure your financial results, cash flow, and financial position. Exclusive Bonus Content: Reap the benefits of the top reports in finance! b) Measure Revenue Loss.

Reporting 251

Reporting Metrics KPI Finance 251

CIO Business Intelligence

NOVEMBER 13, 2024

One is going through the big areas where we have operational services and look at every process to be optimized using artificial intelligence and large language models. But a substantial 23% of respondents say the AI has underperformed expectations as models can prove to be unreliable and projects fail to scale.

IT 141

IT Consulting ROI Cost-Benefit 141

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 334

Advertising Cost-Benefit Marketing Risk 334

datapine

SEPTEMBER 29, 2022

5) How Do You Measure Data Quality? In this article, we will detail everything which is at stake when we talk about DQM: why it is essential, how to measure data quality, the pillars of good quality management, and some data quality control techniques. These needs are then quantified into data models for acquisition and delivery.

Data Quality 241

Data Quality Metrics Data-driven Management 241

DataKitchen

SEPTEMBER 20, 2021

We call this approach “ Lean DataOps ” because it delivers the highest return of DataOps benefits for any given level of investment. For example, data cleansing, ETL, running a model, or even provisioning cloud infrastructure. Benefits of Development Testing. Testing produces many benefits. Measurement DataOps.

Testing 246

Testing Metrics Measurement Dashboards 246

datapine

OCTOBER 7, 2020

Identifying what is working and what is not is one of the invaluable management practices that can decrease costs, determine the progress a business is making, and compare it to organizational goals. What gets measured gets done.” – Peter Drucker. Who will measure it? What is the time interval between measuring?

KPI 269

KPI Metrics Sales Visualization 269

O'Reilly on Data

MAY 27, 2020

Using the new scores, Apgar and her colleagues proved that many infants who initially seemed lifeless could be revived, with success or failure in each case measured by the difference between an Apgar score at one minute after birth, and a second score taken at five minutes. How can those costs be minimized?

Risk 361

Risk Testing Reporting Measurement 361

AWS Big Data

JANUARY 15, 2025

EUROGATEs data science team aims to create machine learning models that integrate key data sources from various AWS accounts, allowing for training and deployment across different container terminals. Insights from ML models can be channeled through Amazon DataZone to inform internal key decision makers internally and external partners.

IoT 107

IoT Machine Learning Metadata Data-driven 107

O'Reilly on Data

APRIL 22, 2020

For example, payday lending businesses are no doubt compliant with the law, but many aren’t models for good corporate citizenship. Compliance functions are powerful because legal violations result in clear financial costs. The era in which fines were merely a cost of doing business appears to be ending.

Cost-Benefit 320

Cost-Benefit Finance Data-driven Strategy 320

CIO Business Intelligence

JANUARY 30, 2025

When organizations build and follow governance policies, they can deliver great benefits including faster time to value and better business outcomes, risk reduction, guidance and direction, as well as building and fostering trust. The benefits far outweigh the alternative. But in reality, the proof is just the opposite. AI governance.

Testing 93

Testing Metrics Cost-Benefit Modeling 93

datapine

OCTOBER 21, 2020

In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. We will then look at 18 big data examples in healthcare that already exist and that medical-based institutions can benefit from. 3) Real-Time Alerting.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Rocket-Powered Data Science

FEBRUARY 15, 2023

While generative AI has been around for several years , the arrival of ChatGPT (a conversational AI tool for all business occasions, built and trained from large language models) has been like a brilliant torch brought into a dark room, illuminating many previously unseen opportunities.

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

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

MARCH 5, 2025

Some organizations, like imaging and laser printer company Lexmark, have found ways of fencing in the downside potential so they can benefit from the huge upside. The next thing is to make sure they have an objective way of testing the outcome and measuring success. Make sure you know if they use predictive versus generative models.

Testing 99

Testing Measurement Technology Experimentation 99

CIO Business Intelligence

MARCH 25, 2024

Modern digital organisations tend to use an agile approach to delivery, with cross-functional teams, product-based operating models , and persistent funding. But to deliver transformative initiatives, CIOs need to embrace the agile, product-based approach, and that means convincing the CFO to switch to a persistent funding model.

Modeling 124

Modeling Cost-Benefit IT ROI 124

datapine

JANUARY 6, 2022

Yet, before any serious data interpretation inquiry can begin, it should be understood that visual presentations of data findings are irrelevant unless a sound decision is made regarding scales of measurement. Interval: a measurement scale where data is grouped into categories with orderly and equal distances between the categories.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

CIO Business Intelligence

MARCH 19, 2025

Developers, data architects and data engineers can initiate change at the grassroots level from integrating sustainability metrics into data models to ensuring ESG data integrity and fostering collaboration with sustainability teams. However, embedding ESG into an enterprise data strategy doesnt have to start as a C-suite directive.

IT 59

IT Data Governance Data-driven Metrics 59

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. We have used a marketing example, but every department and industry can benefit from a proper data preparation process.

IT 317

IT Statistics KPI Data-driven 317

datapine

DECEMBER 11, 2019

SaaS is a software distribution model that offers a lot of agility and cost-effectiveness for companies, which is why it’s such a reliable option for numerous business models and industries. This results in more flexibility and upselling opportunities, and lower customer acquisition costs.

Software 314

Software Cost-Benefit Data-driven Data Processing 314

Smart Data Collective

MARCH 14, 2022

Data analytics technology is becoming a more important aspect of business models in all industries. The importance of customer loyalty and customer service has become increasingly well-known and companies have needed to adapt their business models accordingly to gain a competitive edge. SaaS companies are no exception.

Modeling 124

Modeling Analytics Key Performance Indicator Sales 124

Corinium

JUNE 6, 2019

For instance, for a variety of reasons, in the short term, CDAOS are challenged with quantifying the benefits of analytics’ investments. Also, design thinking should play a large role in analytics in terms of how it will benefit the organization and exactly how people will react to and adopt the resulting insights.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Timo Elliott

FEBRUARY 8, 2023

New cloud platform technologies have unleashed new opportunities for business model innovation. There are already over 1,000 ventilation systems already using the platform, with benefits of up to 40% energy savings (with corresponding cost and CO2 savings, depending on the source energy used).

Modeling 98

Modeling Cost-Benefit Machine Learning Optimization 98

Smart Data Collective

AUGUST 30, 2022

That figure is expected to grow as more businesses discover its benefits. Prices must account for the company’s key value metric, cost structure, buyer personas, and other factors like competition. Analytics can use existing data to model scenarios where customers will respond to different prices. Cost-Plus Pricing.

B2B 145

B2B Analytics Cost-Benefit Metrics 145

Rocket-Powered Data Science

DECEMBER 15, 2018

Many unsupervised learning models can converge more readily and be more valuable if we know in advance which parameterizations are best to choose. If we cannot know that ( i.e., because it truly is unsupervised learning), then we would like to know at least that our final model is optimal (in some way) in explaining the data.

Machine Learning 171

Machine Learning Optimization Metrics Modeling 171

Smart Data Collective

MAY 26, 2022

This means that cities need to measure the air quality at many different locations instead of just a few. For years, the only way to measure air quality was to take samples of the air and send them to a laboratory for analysis. In recent years, sensors that can measure air quality in real-time have been developed.

Technology 142

Technology ROI Cost-Benefit Measurement 142

IBM Big Data Hub

MAY 17, 2024

Cloud maturity models are a useful tool for addressing these concerns, grounding organizational cloud strategy and proceeding confidently in cloud adoption with a plan. Cloud maturity models (or CMMs) are frameworks for evaluating an organization’s cloud adoption readiness on both a macro and individual service level.

Modeling 96

Modeling Cost-Benefit Optimization Digital Transformation 96

CIO Business Intelligence

MAY 1, 2024

Gen AI takes us from single-use models of machine learning (ML) to AI tools that promise to be a platform with uses in many areas, but you still need to validate they’re appropriate for the problems you want solved, and that your users know how to use gen AI effectively.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143