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. See also: Gen AI in 2025: Playtime is over, time to get practical.

Cost-Benefit 98

Cost-Benefit ROI Measurement Strategy 98

CIO Business Intelligence

DECEMBER 30, 2024

Generative AI has seen faster and more widespread adoption than any other technology today, with many companies already seeing ROI and scaling up use cases into wide adoption. Our custom models are already starting to power experiences that aid freelancers in creating better proposals, or businesses in evaluating candidates, he says.

ROI 141

ROI Software Modeling Interactive 141

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

CIO Business Intelligence

APRIL 25, 2024

Protecting sensitive data and ensuring the integrity of AI models against cyber threats, such as adversarial attacks, are key concerns for CIOs,” he said. The ROI dilemma IT leaders also face the ongoing challenge of demonstrating and calculating the return on investment (ROI) of technology initiatives.

ROI 136

ROI Cost-Benefit Machine Learning Technology 136

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

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

CIO Business Intelligence

DECEMBER 10, 2024

Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. 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.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

datapine

SEPTEMBER 29, 2022

More generally, low-quality data can impact productivity, bottom line, and overall ROI. No, its ultimate goal is to increase return on investment (ROI) for those business segments that depend upon data. Industry-wide, the positive ROI on quality data is well understood. The 5 Pillars of Data Quality Management. 1 – The people.

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. Modern digital organisations tend to use an agile approach to delivery, with cross-functional teams, product-based operating models , and persistent funding. CFOs want certainty when it comes to spend.

Modeling 124

Modeling Cost-Benefit IT ROI 124

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

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. It is fast and slow.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

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

FEBRUARY 1, 2024

When organizations buy a shiny new piece of software, attention is typically focused on the benefits: streamlined business processes, improved productivity, automation, better security, faster time-to-market, digital transformation. It can help uncover hidden costs that could come back to bite you down the road.

Software 131

Software Enterprise Cost-Benefit ROI 131

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

CIO Business Intelligence

AUGUST 4, 2022

Many companies that begin their AI projects in the cloud often reach a point when cost and time variables become issues. That’s typically due to the exponential growth in dataset size and complexity of AI models. “In But as models and datasets grow, there’s a stifling effect associated with the escalating compute cost and time. “But

Modeling 97

Modeling Cost-Benefit ROI Data Lake 97

CIO Business Intelligence

SEPTEMBER 12, 2024

Recent research by Vanson Bourne for Iron Mountain found that 93% of organizations are already using genAI in some capacity, while Gartner research suggests that genAI early adopters are experiencing benefits including increases in revenue (15.8%), cost savings (15.2%) and productivity improvements (22.6%), on average.

ROI 110

ROI Cost-Benefit Unstructured Data Metadata 110

CIO Business Intelligence

AUGUST 15, 2024

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. Gen AI projects can cost millions of dollars to implement and incur huge ongoing costs, Gartner notes. For example, a gen AI virtual assistant can cost $5 million to $6.5

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

CIO Business Intelligence

JULY 5, 2024

This is why many enterprises are seeing a lot of energy and excitement around use cases, yet are still struggling to realize ROI. So, to maximize the ROI of gen AI efforts and investments, it’s important to move from ad-hoc experimentation to a more purposeful strategy and systematic approach to implementation.

ROI 124

ROI Experimentation Risk Cost-Benefit 124

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

CIO Business Intelligence

AUGUST 20, 2024

Many AI projects have huge upfront costs — up to $200,000 for coding assistants, $1 million to embed generative AI in custom apps, $6.5 million to fine-tune gen AI models, and $20 million to build custom models from scratch, according to recent estimates from Gartner. SMBs are particularly vulnerable to these cost increases.”

Risk 131

Risk Cost-Benefit Insurance ROI 131

CIO Business Intelligence

MARCH 6, 2024

Multiple attacks on well-known manufacturers have ended with huge expenses, including Austrian aerospace parts maker, FACC AG, which lost $61 million thanks to a phishing scam , and Norsk-Hydro , which was hit by a ransomware attack that cost $75 million. The first is the ability to get to ROI faster.

Manufacturing 126

Manufacturing Cost-Benefit ROI IoT 126

datapine

JANUARY 6, 2022

Before any serious data analysis can begin, the scale of measurement must be decided for the data as this will have a long-term impact on data interpretation ROI. More often than not, it involves the use of statistical modeling such as standard deviation, mean and median. Variables are exclusive and exhaustive. minimal growth).

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

CIO Business Intelligence

JUNE 9, 2023

Without it, businesses incur steep costs, but the downside, or costs, are often unclear because calculating data management’s return on investment (ROI), or upside, is a murky exercise. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

Strategy 116

Strategy Management Key Performance Indicator Cost-Benefit 116

Occam's Razor

AUGUST 13, 2012

Yehoshua I've covered this topic in detail in this blog post: Multi-Channel Attribution: Definitions, Models and a Reality Check. I explain three different models (Online to Store, Across Multiple Devices, Across Digital Channels) and for each I've highlighted: 1. What's possible to measure. That is the solution.

Modeling 125

Modeling Metrics Data Quality Data-driven 125

CIO Business Intelligence

MAY 23, 2022

Enterprises moving their artificial intelligence projects into full scale development are discovering escalating costs based on initial infrastructure choices. Many companies whose AI model training infrastructure is not proximal to their data lake incur steeper costs as the data sets grow larger and AI models become more complex.

Experimentation 137

Experimentation Cost-Benefit Data Lake Data Science 137

CIO Business Intelligence

AUGUST 16, 2022

Elaborating on some points from my previous post on building innovation ecosystems, here’s a look at how digital twins , which serve as a bridge between the physical and digital domains, rely on historical and real-time data, as well as machine learning models, to provide a virtual representation of physical objects, processes, and systems.

Visualization 145

Visualization Cost-Benefit IoT Digital Transformation 145

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

Smart Data Collective

MAY 26, 2022

Environmental data companies are now using fluid dynamics models to fill in these gaps and predict air quality for any point. Measure ROI of air quality sensors. There are many different air quality measurement technologies available, and each has its own benefits and drawbacks. ROI can be measured in different ways.

Technology 142

Technology ROI Cost-Benefit Measurement 142

datapine

APRIL 21, 2022

In other words, it means employing technology to constantly improve the whole company model, including its offerings, customer service, and operations. When you have set KPIs and got the right digital marketing tools at your disposal, your business will benefit from the following: 3. Approach To Digital Marketing.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

Smart Data Collective

OCTOBER 13, 2021

Over time, it is true that artificial intelligence and deep learning models will be help process these massive amounts of data (in fact, this is already being done in some fields). Data virtualization is becoming more popular due to its huge benefits. What benefits does it bring to businesses? Maximizing customer engagement.

Visualization 145

Visualization Cost-Benefit Big Data Prescriptive Analytics 145

datapine

NOVEMBER 13, 2019

It doesn’t matter how innovative your brand is or how groundbreaking your business model might be; if your business is ridden with glaring inefficiencies, your potential for growth is eventually going to get stunted. The price of light is less than the cost of darkness.” – Arthur C. And procurement reporting is no exception to this.

Reporting 158

Reporting KPI Cost-Benefit Dashboards 158

CIO Business Intelligence

OCTOBER 2, 2024

According to Kari Briski, VP of AI models, software, and services at Nvidia, successfully implementing gen AI hinges on effective data management and evaluating how different models work together to serve a specific use case. Data management, when done poorly, results in both diminished returns and extra costs.

Management 141

Management Data Governance Cost-Benefit Structured Data 141

CIO Business Intelligence

SEPTEMBER 9, 2024

Enterprises want to enjoy genAI’s many advantages and gain a competitive edge, but they need guidance on putting genAI to work and reassurance that it delivers tangible business benefits. Some of the most promising early applications address common enterprise pain points, including overburdened staff and escalating operational costs.

Cost-Benefit 126

Cost-Benefit ROI Enterprise Data-driven 126

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. Or even better: “Which marketing campaign that I did this quarter got the best ROI, and how can I replicate its success?”. Giving the most ROI?

IT 317

IT Statistics KPI Data-driven 317

Jet Global

JUNE 30, 2020

They get a leg up on the competition, launch new innovations, and benefit as the economy moves back in a positive direction. CFOs have an opportunity to play a key role in positioning their companies for a successful rebound by carefully assessing return on investment (ROI) and helping the C-suite make the right capital investments.

ROI 59

ROI Uncertainty Finance Cost-Benefit 59

CIO Business Intelligence

SEPTEMBER 23, 2024

While corporate departments such as innovation may be easy targets and considered “overhead” for cost cutting, this can be a serious mistake since innovation is a strategic investment in the future of the company. And hear out new thought leadership topics that may come from left field, which could benefit customers.

ROI 121

ROI Scorecard Metrics Cost-Benefit 121

CIO Business Intelligence

JANUARY 25, 2023

To fully harness the benefits of modern network architectures, network operations teams need a deep understanding of how these systems perform. Even by making small advances in this IT arena, teams can deliver large business benefits and demonstrable return on investment (ROI). million and an ROI of 160%.

IT 98

IT Cost-Benefit ROI Software 98