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. Attacks against OT systems pose risks beyond financial losses.

ROI 126

ROI Manufacturing Cost-Benefit IoT 126

Smart Data Collective

DECEMBER 15, 2021

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. Reduced Risks. Increased Customer Growth.

ROI 122

ROI Marketing Data Analytics Analytics 122

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 64

ROI Cost-Benefit Metrics Strategy 64

Andrew White

DECEMBER 19, 2022

Demographics and labor costs have both provided an ample reservoir for many years, helping to keep global costs down. As we have all come to experience low interest rates for 30 years, with all the associated benefits such as low inflation, we will now need to learn to survive with the reverse. Your Next ROI.

ROI 52

ROI Cost-Benefit Strategy Data-driven 52

CIO Business Intelligence

OCTOBER 29, 2024

It all comes down to cost benefit, and having a set of priorities. To make the process consistent and repeatable, I like to use a well-defined and balanced set of voting criteria, which helps place each idea into a cost-benefit matrix, often called a project prioritization matrix.

Cost-Benefit 122

Cost-Benefit ROI Finance Sales 122

CIO Business Intelligence

OCTOBER 29, 2024

On the other hand, there are also many cases of enterprises hanging onto obsolete systems that have long-since exceeded their original ROI. Leaders who adopt a crawl-walk-run approach, with thoughtful risk-taking and a strategic focus on actions and results, maximize the business value from IT modernization.”

IT 139

IT Cost-Benefit Strategy Risk 139

CIO Business Intelligence

NOVEMBER 11, 2024

While the ROI of any given AI project remains uncertain , one thing is becoming clear: CIOs will be spending a whole lot more on the technology in the years ahead. This is the easiest way to start benefiting from AI without needed the skills to develop your own models and applications.”

ROI 136

ROI Cost-Benefit Experimentation Risk 136

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. CFOs have grown comfortable with the traditional project-based approach, through which they believe they get a better handle on spend certainty and a better sense of ROI.

Modeling 124

Modeling Cost-Benefit IT ROI 124

CIO Business Intelligence

NOVEMBER 21, 2024

CIOs must build strong relationships with other executives to ensure IT is seen not as a cost center but as a critical enabler of business success. Not all IT projects have equal value and identifying the initiatives that will deliver the most significant benefits requires rigorous assessment.

Strategy 122

Strategy IT Business Objectives Cost-Benefit 122

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.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

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

Alation

FEBRUARY 14, 2023

And a data breach poses more than just a PR risk — by violating regulations like GDPR , a data leak can impact your bottom line, too. All of these above metrics track how well governed your organization’s data is, but not the benefit of doing so. What are the benefits of reducing duplicate data?

Data Governance 52

Data Governance ROI Metrics Cost-Benefit 52

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 ROI 116

DataRobot Blog

SEPTEMBER 28, 2022

The new findings from industry analyst ESG, The Economic Benefits of DataRobot AI Cloud , detail how ESG models predict improved operational efficiencies, reduced risk, and improves business outcomes with the DataRobot platform for artificial intelligence and machine learning. ROI in a timeframe that’s up to 90% to 98% faster.

ROI 52

ROI Strategy Enterprise Cost-Benefit 52

CIO Business Intelligence

OCTOBER 12, 2023

In the business world, service desks are commonly designated as cost centers, a label that can sometimes limit their access to essential resources and support. Additionally, employ the business case as a tool to tackle potential risks and develop strategies for their mitigation.

Strategy 111

Strategy ROI IT Cost-Benefit 111

CIO Business Intelligence

AUGUST 27, 2024

A staged approach enables risk mitigation and resource optimization and ensures modernization efforts bolster operational efficiency and competitive advantage. Plan: Develop a detailed road map considering dependencies, resources, and risk mitigation strategies. Emphasize the long-term benefits of a modernized application portfolio.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

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 299

Advertising Cost-Benefit ROI Machine Learning 299

CIO Business Intelligence

SEPTEMBER 24, 2024

Organizationally, Wiedenbeck is a member of Ameritas’ AI steering committee, called the “mission team,” which includes the legal and risk officers, along with the CIO. See IDC PlanScape: Unit-Based Costing to Optimize IT Performance for an exploration of how unit cost can be applied to digital products and services.)

IT 130

IT Insurance Cost-Benefit Risk 130

Smarten

DECEMBER 20, 2022

SO…when considering options for business intelligence and augmented analytics, your business must satisfy the needs and expectations of your team, or it risks investing in products and solutions that will reap poor return on investment (ROI), poor total cost of ownership (TCO) and poor user adoption.

ROI 52

ROI Cost-Benefit Data-driven Business Intelligence 52

CIO Business Intelligence

SEPTEMBER 10, 2024

“We are embedding AI-powered capabilities across the suite so customers are benefiting from it as soon as they log in,” Evan Goldberg, founder and executive vice president of Oracle NetSuite, said in a statement. “By Bickley cautioned, however, that NetSuite will have to prove value to drive a renewal cost increase for these services. “It

IT 116

IT Cost-Benefit ROI Enterprise 116

Alation

FEBRUARY 13, 2020

The research examined the potential ROI enterprises realize by deploying Alation. They looked at the benefits, costs and risks associated with a data catalog investment. It reveals both quantitative and qualitative benefits from data catalog adoption including a 364% return on investment (ROI), $2.7

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

CIO Business Intelligence

SEPTEMBER 12, 2024

The cost of compliance These challenges are already leading to higher costs and greater operational risk for enterprises. Clearly, compliance poses a significant operational risk that can only be overcome by robust systems and processes. According to figures from the Cato Institute, U.S firms spend on average 1.3% ‒ 3.3%

Data-driven 106

Data-driven Management Cost-Benefit Risk 106

CIO Business Intelligence

OCTOBER 2, 2024

And Doug Shannon, automation and AI practitioner, and Gartner peer community ambassador, says the vast majority of enterprises are now focused on two categories of use cases that are most likely to deliver positive ROI. Data management, when done poorly, results in both diminished returns and extra costs.

Management 141

Management Data Governance Cost-Benefit Structured Data 141

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 10, 2023

These, in turn, have brought with them an increase in new threats, risks, and cybercrime. As organizations emerge post-pandemic, many of the risks and uncertainties manifested during that period will persist, including the hybrid workforce, supply chain risk, and other cybersecurity challenges.

Digital Transformation 143

Digital Transformation Cost-Benefit ROI Risk 143

DataKitchen

NOVEMBER 27, 2024

Benefits and Challenges of The Data Quality Dimension Approach Data quality dimensions are often heralded as foundational principles for evaluating and improving data quality. For instance, a bank might use a CDE dashboard to monitor the accuracy of customer credit scores, which are vital for regulatory compliance and effective risk modeling.

Data Quality 164

Data Quality Dashboards Metrics Cost-Benefit 164

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

CIO Business Intelligence

JULY 24, 2024

Data-driven decisions: Leverage data and analytics to assess new technologies’ potential impact and ROI. Key strategies for evolution: Maintain flexible architecture: Maintain the modularity and scalability of solutions to enable cost-effective capability expansions as requirements evolve. This phase maximizes long-term value.

Technology 98

Technology Experimentation Cost-Benefit ROI 98

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.” If there are tools that are vetted, safe, and don’t pose security risks, and I can play around with them at my discretion, and if it helps me do my job better — great,” Woolley says.

IT 141

IT Consulting ROI Cost-Benefit 141

CIO Business Intelligence

MAY 9, 2023

Like most CIOs you’ve no doubt leaned on ROI, TCO and KPIs to measure the business value of your IT investments. Of late, concerns about the public “cloud-first” approach have emerged to challenge business value and skewer ROI, TCO and KPIs. Others conducted apples-to-apples comparisons of public cloud versus on-premises costs.

ROI 126

ROI Cost-Benefit KPI Uncertainty 126

CIO Business Intelligence

MAY 29, 2024

Despite technological advances, many companies continue to use manual processes, which create risks and are time-consuming. Keeping and growing an existing customer account is much more cost-effective than prospecting for new ones. They must recognize the challenges of implementing them, even as they reap the benefits of their use.

Cost-Benefit 98

Cost-Benefit Sales Risk ROI 98

Alation

FEBRUARY 20, 2020

With a cloud deployment, enterprises can leverage a “pay as you go” model; reducing the burden of incurring capital costs. Not only can resources be quickly provisioned and optimized for different workloads and processing needs, but it can be done cost effectively. The Problem with Hybrid Cloud Environments. Conclusion.

Data Lake 52

Data Lake ROI Metadata Cost-Benefit 52

CIO Business Intelligence

JANUARY 3, 2024

This can often lead to improvements in efficiency, performance, and cost savings by way of a holistic view of building operations. To make the business case compared to the status quo, it’s important to itemize all of these and ensure the full benefits of the digital twin can be articulated and understood.

Cost-Benefit 136

Cost-Benefit ROI Manufacturing Optimization 136

CIO Business Intelligence

APRIL 29, 2024

However, to truly take advantage of modern Java, apps built for the ecosystem must be constantly maintained to maximize performance and minimize exposure to risks and security vulnerabilities. The reality is that there is no better ROI than being on the latest version of any given software.

Cost-Benefit 122

Cost-Benefit Software ROI Enterprise 122

CIO Business Intelligence

JULY 26, 2024

It also means some individual cloud projects fail, there’s been a change of provider, or there’s some disillusionment regarding costs of new cloud operating models. And more than 22% of respondents are still asking themselves about the benefits or ROI after they’ve started their cloud journey.

Digital Transformation 142

Digital Transformation Cost-Benefit Data Processing Risk 142

Smart Data Collective

SEPTEMBER 30, 2021

Big data and the artificial intelligence technologies used to leverage it can go beyond market predictions, and you can use data to improve working processes and optimize your return on investment (ROI). In this post, we’ll explore how organizations can leverage big data and AI instruments to improve their ROI.

Big Data 134

Big Data B2B ROI Finance 134

CIO Business Intelligence

MAY 9, 2024

Driving business benefits Companies seeking CAIOs are looking to reap myriad benefits from AI adoption, ranging from improved decision-making, to increased efficiency of business processes, higher-quality services, profitability, talent management, customer experience, and innovation.

Risk Management 138

Risk Management Cost-Benefit Risk Technology 138