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. By leveraging large language models and platforms like Azure Open AI, for example, organisations can transform outdated code into modern, customised frameworks that support advanced features.

Cost-Benefit 124

Cost-Benefit Data-driven Enterprise Risk 124

CIO Business Intelligence

NOVEMBER 19, 2024

From obscurity to ubiquity, the rise of large language models (LLMs) is a testament to rapid technological advancement. Just a few short years ago, models like GPT-1 (2018) and GPT-2 (2019) barely registered a blip on anyone’s tech radar. That will help us achieve short-term benefits as we continue to learn and build better solutions.

Testing 135

Testing Cost-Benefit Interactive ROI 135

O'Reilly on Data

NOVEMBER 28, 2023

And everyone has opinions about how these language models and art generation programs are going to change the nature of work, usher in the singularity, or perhaps even doom the human race. As of November 2023: Two-thirds (67%) of our survey respondents report that their companies are using generative AI.

Enterprise 339

Enterprise Testing Modeling Reporting 339

CIO Business Intelligence

MARCH 19, 2025

In a report released in early January, Accenture predicts that AI agents will replace people as the primary users of most enterprise systems by 2030. Still, enterprises are already reporting success deploying AI agents for several use cases. And thats just the beginning. Devin scored nearly 14%.

Software 143

Software Risk Enterprise Cost-Benefit 143

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 Impactful AI insights will at first seem like a minority report that doesn’t reflect the majority view of board members,” said Plummer.

Enterprise 135

Enterprise Risk IoT Cost-Benefit 135

CIO Business Intelligence

DECEMBER 10, 2024

According to AI at Wartons report on navigating gen AIs early years, 72% of enterprises predict gen AI budget growth over the next 12 months but slower increases over the next two to five years. That doesnt mean investments will dry up overnight. Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

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

datapine

NOVEMBER 27, 2019

The development of business intelligence to analyze and extract value from the countless sources of data that we gather at a high scale, brought alongside a bunch of errors and low-quality reports: the disparity of data sources and data types added some more complexity to the data integration process. 3) Artificial Intelligence.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

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

CIO Business Intelligence

APRIL 8, 2025

These strategies, such as investing in AI-powered cleansing tools and adopting federated governance models, not only address the current data quality challenges but also pave the way for improved decision-making, operational efficiency and customer satisfaction. When financial data is inconsistent, reporting becomes unreliable.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

CIO Business Intelligence

JANUARY 9, 2025

Generative artificial intelligence ( genAI ) and in particular large language models ( LLMs ) are changing the way companies develop and deliver software. The commodity effect of LLMs over specialized ML models One of the most notable transformations generative AI has brought to IT is the democratization of AI capabilities.

Software 128

Software Enterprise Key Performance Indicator Machine Learning 128

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. This costs me about 1% of what it would cost” to license the technology through Microsoft. This costs me about 1% of what it would cost” to license the technology through Microsoft.

IT 122

IT Insurance Consulting Risk 122

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. A Betterbuys report reveals that the specific expenditure in the U.S. SaaS Industry is forecasted to reach $55 billion by 2026.

Software 314

Software Cost-Benefit Data-driven Data Processing 314

AWS Big Data

JANUARY 15, 2025

In the following section, two use cases demonstrate how the data mesh is established with Amazon DataZone to better facilitate machine learning for an IoT-based digital twin and BI dashboards and reporting using Tableau. The applications are hosted in dedicated AWS accounts and require a BI dashboard and reporting services based on Tableau.

IoT 100

IoT Machine Learning Metadata Data-driven 100

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. This costs me about 1% of what it would cost” to license the technology through Microsoft. This costs me about 1% of what it would cost” to license the technology through Microsoft.

IT 105

IT Insurance Consulting Risk 105

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. Try our professional reporting software for 14 days, completely free! What gets measured gets done.” – Peter Drucker.

KPI 269

KPI Metrics Sales Visualization 269

datapine

JANUARY 31, 2022

Because things are changing and becoming more competitive in every sector of business, the benefits of business intelligence and proper use of data analytics are key to outperforming the competition. It will ultimately help them spot new business opportunities, cut costs, or identify inefficient processes that need reengineering.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

CIO Business Intelligence

JANUARY 7, 2025

In todays fast-paced digital landscape, the cloud has emerged as a cornerstone of modern business infrastructure, offering unparalleled scalability, agility, and cost-efficiency. This new paradigm of the operating model is the hallmark of successful organizational transformation. How difficult can it be, after all?

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

O'Reilly on Data

SEPTEMBER 19, 2023

.” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” And harder to sell a data-related product unless it spoke to Hadoop.

Machine Learning 334

Machine Learning Testing Modeling Cost-Benefit 334

CIO Business Intelligence

OCTOBER 10, 2024

The growing importance of ESG and the CIO’s role As business models become more technology-driven, the CIO must assume a leadership role, actively shaping how technologies like AI, genAI and blockchain contribute to meeting ESG targets. Similarly, blockchain technologies have faced scrutiny for their energy consumption.

Metrics 124

Metrics Optimization Strategy Technology 124

datapine

APRIL 15, 2020

It’s necessary to say that these processes are recurrent and require continuous evolution of reports, online data visualization , dashboards, and new functionalities to adapt current processes and develop new ones. In the traditional model communication between developers and business users is not a priority.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

CIO Business Intelligence

JANUARY 9, 2025

In 2024, squeezed by the rising cost of living, inflationary impact, and interest rates, they are now grappling with declining consumer spending and confidence. Salesforces recent State of Commerce report found that 80% of eCommerce businesses already leverage AI solutions. But 2025 and 2026 will bear good news, according to Deloitte.

B2B 105

B2B Cost-Benefit Data-driven Sales 105

datapine

SEPTEMBER 29, 2022

Reporting being part of an effective DQM, we will also go through some data quality metrics examples you can use to assess your efforts in the matter. Now that you have a more clear understanding of the benefits you can reap from implementing data quality processes into your organization, let’s explore the concept in more detail.

Data Quality 241

Data Quality Metrics Data-driven Management 241

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

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

datapine

SEPTEMBER 4, 2019

Well-built, focused dashboards easily serve up summaries and reports of the BI that’s most critical to the organization. By integrating these key performance indicators (KPIs) and goals into their dashboards, companies can proactively identify issues, minimize costs and strive to exceed performance expectations.

Dashboards 263

Dashboards Analytics Key Performance Indicator Sales 263

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

Rocket-Powered Data Science

MAY 21, 2024

And also in the past, it was sufficient for AI to be relegated to academic researchers or R&D departments of big organizations who mostly produced research reports or journal papers, and not much else. Second question: What about technical debt and the cost of “lift and shift” to these new AI-ready architectures?

Cost-Benefit 239

Cost-Benefit Unstructured Data Enterprise Technology 239

CIO Business Intelligence

JULY 5, 2024

The landscape of data center infrastructure is shifting dramatically, influenced by recent licensing changes from Broadcom that are driving up costs and prompting enterprises to reevaluate their virtualization strategies. Clients are seeing increased costs with on-premises virtualization with Broadcom’s acquisition of VMware.

Cost-Benefit 124

Cost-Benefit Data Processing Reporting Enterprise 124

datapine

MARCH 25, 2022

While some experts try to underline that BA focuses, also, on predictive modeling and advanced statistics to evaluate what will happen in the future, BI is more focused on the present moment of data, making the decision based on current insights. We already saw earlier this year the benefits of Business Intelligence and Business Analytics.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

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

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. Eighty percent of companies surveyed reported five or more errors per month. Thirty percent of respondents reported more than 11 errors per month. Benefits of Development Testing.

Testing 246

Testing Metrics Measurement Dashboards 246

DataKitchen

AUGUST 3, 2021

This post (1 of 5) is the beginning of a series that explores the benefits and challenges of implementing a data mesh and reviews lessons learned from a pharmaceutical industry data mesh example. DDD divides a system or model into smaller subsystems called domains. Benefits of a Domain. The post What is a Data Mesh?

Data Architecture 246

Data Architecture Data Lake Cost-Benefit Data Warehouse 246

datapine

APRIL 21, 2022

An accounting department may consider leveraging electronic contracts, data collecting, and reporting as a part of the digital transition. In other words, it means employing technology to constantly improve the whole company model, including its offerings, customer service, and operations. Approach To Digital Marketing.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

datapine

NOVEMBER 11, 2021

1) Benefits Of Business Intelligence Software. d) Reporting Features. Taking all these into consideration, it is impossible to ignore the benefits that your business can endure from implementing BI tools into their data management process. Benefits Of Business Intelligence Software. Table of Contents.

Business Intelligence 213

Business Intelligence Dashboards Interactive Visualization 213

CIO Business Intelligence

SEPTEMBER 25, 2023

To do so, Nardecchia and his team sought to incorporate “digital threads” into the company’s hardware and thereby expand its business model beyond manufacturing into software-as-a-service. “We We knew we had to reinvent ourselves and that our business model wasn’t going to be sustained with so many companies moving to software as a service.

Modeling 105

Modeling Manufacturing Digital Transformation Cost-Benefit 105

CIO Business Intelligence

JULY 11, 2024

Manufacturers are implementing generative AI initiatives slower than anticipated due to accuracy concerns, according to a report from Lucidworks. George pointed out that while commercial LLMs offer better support, the costs can be prohibitive for some organizations. The rest use a mix of both.

Manufacturing 124

Manufacturing Cost-Benefit Data Quality Modeling 124