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. Maintaining, updating, and patching old systems is a complex challenge that increases the risk of operational downtime and security lapse.

Cost-Benefit 124

Cost-Benefit Data-driven Enterprise Risk 124

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

I recently attended Infor’s Velocity Summit , designed to showcase the latest versions of its CloudSuite ERP software. The company provides industry-specific enterprise software that enhances business performance and operational efficiency. This includes customer facing, financial, supply chain and workforce software.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Artificial intelligence-enabled business applications have advanced considerably over the past year as software providers have added a steady stream of capabilities. This includes customer facing, financial, supply chain and workforce software. Most importantly, doing nothing may have a better cost/benefit ratio.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

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 New security and risk solutions will be necessary as AI agents significantly increase the already invisible attack surface at enterprises.

Enterprise 135

Enterprise Risk IoT Cost-Benefit 135

Smart Data Collective

MARCH 23, 2023

Some companies are interested in taking advantage of the benefits of existing AI tools like ChatGPT. However, others want more control over AI technology, so they are seeking to develop their own AI software. The ROI of creating their own AI applications can be massive, but they still need to use them cost-effectively.

Software 142

Software Strategy Cost-Benefit Testing 142

CIO Business Intelligence

JULY 25, 2024

But the outage has also raised questions about enterprise cloud strategies and resurfaced debate about overly privileged software , as IT leaders look for takeaways from the disastrous event. It also highlights the downsides of concentration risk. What is concentration risk? Still, we must.

Risk 144

Risk Cost-Benefit Strategy Enterprise 144

CIO Business Intelligence

DECEMBER 19, 2024

It also has the benefit that as underlying AI costs drop over time service providers can extract more margin for this work. A third way that AI agents could be priced is by calculating the underlying costs and charging a small markup, he says. Potentially good for customers, but maybe not for shareholder returns.

Cost-Benefit 128

Cost-Benefit Modeling ROI Marketing 128

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. The takeaway is clear: embrace deep tech now, or risk being left behind by those who do. Crucially, the time and cost to implement AI have fallen.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

CIO Business Intelligence

JULY 23, 2024

Call it survival instincts: Risks that can disrupt an organization from staying true to its mission and accomplishing its goals must constantly be surfaced, assessed, and either mitigated or managed. While security risks are daunting, therapists remind us to avoid overly stressing out in areas outside our control.

Risk 142

Risk IT Risk Management Cost-Benefit 142

Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Failure or Delay Risk. Brand Reputation Risk. Competitive Advantage Risk.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

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.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

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 136

ROI Cost-Benefit Metrics Strategy 136

CIO Business Intelligence

DECEMBER 11, 2024

Travel and expense management company Emburse saw multiple opportunities where it could benefit from gen AI. Both types of gen AI have their benefits, says Ken Ringdahl, the companys CTO. Weve developed our software such that the LLM open source or proprietary can be swapped in or out via configuration.

Cost-Benefit 115

Cost-Benefit Modeling Marketing Sales 115

CIO Business Intelligence

DECEMBER 9, 2024

Despite these limitations and concerns among CIOs over AI costs, real progress has been made this year and we can expect to see this grow further in 2025. Assuming a technology can capture these risks will fail like many knowledge management solutions did in the 90s by trying to achieve the impossible.

Enterprise 116

Enterprise ROI Cost-Benefit Measurement 116

CIO Business Intelligence

NOVEMBER 19, 2024

If expectations around the cost and speed of deployment are unrealistically high, milestones are missed, and doubt over potential benefits soon takes root. The right tools and technologies can keep a project on track, avoiding any gap between expected and realized benefits. But this scenario is avoidable.

Analytics 97

Analytics Cost-Benefit Finance Data-driven 97

CIO Business Intelligence

AUGUST 8, 2024

For many stakeholders, there is plenty to love about open source software. CFOs like the fact that open source is often free or low in cost. IT teams benefit from the sprawling, dynamic support communities that surround major open source projects. The age-old question: How secure is open source software?

Software 126

Software Enterprise Cost-Benefit Risk 126

CIO Business Intelligence

DECEMBER 19, 2024

Below, I recap my virtual event conversation with two IT leaders, who shared their first-hand experience of the benefits that BMC Helix solutions have delivered in respective use cases. About the author: Stela Udovicic is the senior director, solutions marketing management at BMC Software

IT 98

IT Insurance Cost-Benefit Optimization 98

CIO Business Intelligence

JANUARY 21, 2025

In todays fast-paced digital landscape, organizations are under constant pressure to adopt new technologies quickly, manage costs effectively, and maintain robust security and compliance standards. Procuring through AWS Marketplace has a number of benefits.

Cost-Benefit 98

Cost-Benefit Optimization Software Management 98

CIO Business Intelligence

JULY 18, 2024

A Rocket Software survey found that over half (51%) of IT leaders rely on mainframe systems to handle all, or nearly all, core business applications. According to Gartner , IT security software is the top purchase category (28%) for those buying IT-related software.

Risk 124

Risk Software Insurance Cost-Benefit 124

CIO Business Intelligence

DECEMBER 30, 2024

Vendors are adding gen AI across the board to enterprise software products, and AI developers havent been idle this year either. Anshu Bhardwaj, SVP and COO at Walmart Global Technology says that consumers arent the only ones who stand to benefit from mobile AI.

ROI 141

ROI Software Modeling Interactive 141

Smart Data Collective

FEBRUARY 14, 2023

A growing number of companies are discovering that it offers tremendous benefits, but there are also some downsides to it. What Are the Benefits of Cloud Computing for Businesses? Cloud computing is a term used to describe the use of computing resources, such as software, hardware, and storage, over the internet.

Risk 119

Risk Cost-Benefit Software Technology 119

CIO Business Intelligence

NOVEMBER 27, 2023

Developing and deploying successful AI can be an expensive process with a high risk of failure. How can CIOs deliver accurate, trustworthy AI without the energy costs and carbon footprint of a small city? Train overnight when data center demand is low for better performance and lower costs.

Risk 132

Risk Cost-Benefit Modeling Optimization 132

CIO Business Intelligence

AUGUST 21, 2024

It can also be a software program or another computational entity — or a robot. The previous state-of-the-art sensors cost tens of thousands of dollars, adds Mattmann, who’s now the chief data and AI officer at UCLA. Adding smarter AI also adds risk, of course. “At Most of us in AI are software engineers,” he says.

Risk 136

Risk Insurance Cost-Benefit Software 136

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

AUGUST 19, 2020

In the matter, data analysis and dashboard designer software is a precious ally. Explore our modern reporting software for 14 days, completely free! Among other things, they help in improving on-time deliveries, in reducing operating costs, in increasing customer satisfaction, or in optimizing transport. Inventory turnover.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

CIO Business Intelligence

JANUARY 21, 2025

And if youre moving from versions older than Oracle Database 19c, get ready for a multi-step upgrade marathon at a substantial cost. New features in any software often come with risks, bugs and performance issues that take time to work out. Additionally, Oracle Database 23ai no longer supports the classic non-CDB architecture.

Cost-Benefit 97

Cost-Benefit ROI Data-driven Risk 97

datapine

AUGUST 12, 2020

Knowing how to prepare and create one with the help of an online data analysis tool can reduce costs and time to decide on a relevant course of action. In the process, we will use an online data visualization software that lets us interact with, and drill deeper into bits and pieces of relevant data. Let’s get started.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

CIO Business Intelligence

MAY 24, 2024

GRC certifications validate the skills, knowledge, and abilities IT professionals have to manage governance, risk, and compliance (GRC) in the enterprise. Enter the need for competent governance, risk and compliance (GRC) professionals. What are GRC certifications? Why are GRC certifications important?

Risk 119

Risk Risk Management Management Enterprise 119

O'Reilly on Data

NOVEMBER 28, 2023

Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing. 54% of AI users expect AI’s biggest benefit will be greater productivity. The second most common reason was concern about legal issues, risk, and compliance (18% for nonusers, 20% for users).

Enterprise 339

Enterprise Testing Modeling Reporting 339

CIO Business Intelligence

MARCH 4, 2025

This approach will help businesses maximize the benefits of agentic AI while mitigating risks and ensuring responsible deployment. Abhas Ricky, chief strategy officer of Cloudera, recently noted on LinkedIn the cost challenges involved in managing AI agents.

Management 119

Management IT Cost-Benefit Enterprise 119

O'Reilly on Data

APRIL 22, 2020

However, a well-known software developer tweeted that he was given 20x the credit line offered to his wife, despite the fact that they have been filing joint tax returns and live in a community property state. Compliance functions are powerful because legal violations result in clear financial costs.

Cost-Benefit 320

Cost-Benefit Finance Data-driven Strategy 320

Smart Data Collective

MARCH 27, 2023

billion on AI in 2021 , but small businesses may spend even more on AI-driven financial management software. Some of the benefits of AI in banking include: Banks use AI bots to onboard clients and analyze borrower risk. Many small businesses are investing in AI-driven financial management software. It sounds expensive.

Software 118

Software Finance Cost-Benefit Data-driven 118

CIO Business Intelligence

DECEMBER 14, 2023

As CIOs seek to achieve economies of scale in the cloud, a risk inherent in many of their strategies is taking on greater importance of late: consolidating on too few if not just a single major cloud vendor. This is the kind of risk that may increasingly keep CIOs up at night in the year ahead.

Risk 131

Risk Cost-Benefit Strategy Risk Management 131

CIO Business Intelligence

DECEMBER 10, 2024

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. That gives CIOs breathing room, but not unlimited tether, to prove the value of their gen AI investments.

Sales 143

Sales Metrics Data-driven Measurement 143

CIO Business Intelligence

JANUARY 2, 2024

That includes maintenance and upgrades deferred in favor of other projects or priorities, which can result in high future costs when those actions can no longer by avoided, often when a solution reaches end-of-life. Here’s where CIOs can rethink their approach to the long-term benefit of their organizations.

Risk 128

Risk IT Risk Management Sales 128

O'Reilly on Data

MAY 27, 2020

Most algorithms in the news these days are calculated by software. So the state calculates and publishes a “Risk Adjusted Mortality Ratio”—a comparison between the actual number of observed deaths and the number that would be statistically expected, on average, for patients medically similar to those each doctor actually operated on.

Risk 361

Risk Testing Reporting Measurement 361

CIO Business Intelligence

OCTOBER 8, 2024

The typical reaction is to ban any use of it until you can figure out what it is, what it does, how it will benefit your business and how you can safely and securely deploy it. Do you really benefit by awaiting others to figure it out for you and then sell you their services — when they know little to nothing about your business?

Risk 124

Risk Technology Cost-Benefit Internet of Things 124