Smart Data Collective

FEBRUARY 16, 2023

One of the biggest benefits involves using machine learning to improve the performance of their social media marketing strategies. How Can Machine Learning Boost Your Social Media Marketing ROI? In this article, we will discuss a few of the many benefits social media can provide for your company and how machine learning can help.

Machine Learning 118

Machine Learning ROI Marketing Advertising 118

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

Dataiku

APRIL 2, 2024

And what other cost savings and benefits does Dataiku drive? More than 600 companies worldwide use Dataiku, bringing together experts from across their organizations for faster time to value on data and AI projects. But how much faster is faster? Forrester: The Total Economic Impact™ Of Dataiku has quantified answers.

ROI 52

ROI Cost-Benefit 52

Smarten

SEPTEMBER 21, 2022

How Can I Improve ROI for Tally ERP? As with any software solution, IT teams and executives constantly look for the tools that will give them the most benefit and value for the least investment. So, Return on Investment (ROI) is paramount! Business users can monitor and manage cost center balances. It’s Simple!

ROI 52

ROI Slice and Dice Analytics Cost-Benefit 52

Smarten

JANUARY 5, 2023

By embedding BI, you can improve the user adoption rate, lower TCO and improve ROI. But what if you could improve the return on investment (ROI) and total cost of ownership (TCO) results of your new augmented analytics solution and your enterprise apps and software – all at the same time?

ROI 52

ROI Business Intelligence Cost-Benefit Software 52

Smart Data Collective

MAY 28, 2019

There are a lot of benefits of using big data to simplify the accounting process. Cloud accounting software has not only made the logistics of bookkeeping less cumbersome but it has also reduced business costs and given business owners easier access to their financial information. Save Money With Cloud Accounting.

Cost-Benefit 79

Cost-Benefit Big Data Data Processing ROI 79

Smarten

FEBRUARY 6, 2023

Embedded BI Improves ROI and TCO for Existing Technology and Benefits Business Users! One of the often-overlooked advantages of this strategy is the improvement of return on investment (ROI) and total cost of ownership (TCO).

ROI 52

ROI Business Intelligence Cost-Benefit Software 52

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. Increased Customer Growth. Reduced Risks.

ROI 121

ROI Marketing Data Analytics Analytics 121

CIO Business Intelligence

JANUARY 3, 2024

Organizations considering value stream management (VSM) must look at several deciding factors, not the least of which is the potential return on investment (ROI). In fact, VSM has been shown to deliver significant organizational benefits and quantifiable, financial ROI. Organizational Alignment that reduces costs.

Management 133

Management ROI Cost-Benefit Data-driven 133

CIO Business Intelligence

OCTOBER 10, 2024

If they dump a pilot that’s not meeting expectations too soon, they may miss out on huge benefits down the line, but if they hang on too long, they can waste huge amounts of time, money, and resources. On the one side, Forrester recently warned organizations not to look for AI ROI too soon, because they could miss out on AI’s benefits.

ROI 135

ROI Experimentation Cost-Benefit Metrics 135

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

Smarten

MARCH 6, 2022

What happens is that your return on investment (ROI) plummets and your total cost of ownership (TCO) goes way up. So, how does one improve ROI and TCO for business intelligence and augmented analytics? But, there are worse things than user dissatisfaction; namely what happens when your users do not adopt the software.

Business Intelligence 78

Business Intelligence ROI Analytics Digital Transformation 78

Smart Data Collective

AUGUST 23, 2023

One of the benefits is that data analytics helps measure the ROI of trade show marketing more effectively. This is one of the many benefits of big data in marketing. Cost-Effective Impact: Building trade show booths and installing them may be expensive projects.

Big Data 83

Big Data ROI Marketing Advertising 83

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

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

David Menninger's Analyst Perspectives

NOVEMBER 5, 2024

At that early stage, Verint’s approach was to identify specific use cases that could benefit from AI-based automation, and incrementally developed bots as a definitive solution to those problems. It will be interesting to see how Verint quantifies Genie’s value in ROI terms, as it does for the rest of the bot portfolio.

ROI 130

ROI Interactive Software Measurement 130

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. To learn more, visit us here.

ROI 126

ROI Manufacturing Cost-Benefit IoT 126

CIO Business Intelligence

MAY 22, 2023

ROI becomes a waiting game. What if there was a way to get ROI today and still train the workforce for a quantum tomorrow? Notably, they can bring cost and performance benefits to the currently expensive methods for training LLMs. Enter quantum-inspired approaches.

ROI 52

ROI Machine Learning Optimization Cost-Benefit 52

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 Strategy 124

Smart Data Collective

MAY 28, 2019

They are able to use analytics and other data insights to bolster customer service, reduce marginal operating costs and scale production. One of the biggest benefits of big data is in the arena of digital marketing. Big Data Drives the ROI of Digital Marketing. Cost-effectiveness. Here are some factors to be aware of.

ROI 88

ROI Big Data Marketing Advertising 88

Alation

FEBRUARY 14, 2023

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? To learn more about how Alation can help you show ROI from your date governance, schedule a personalized demo today. The post What’s Your Data Governance ROI?

Data Governance 52

Data Governance ROI Metrics Cost-Benefit 52

CIO Business Intelligence

OCTOBER 23, 2024

CIOs are under increasing pressure to deliver meaningful returns from generative AI initiatives, yet spiraling costs and complex governance challenges are undermining their efforts, according to Gartner. hours per week by integrating generative AI into their workflows, these benefits are not felt equally across the workforce.

Enterprise 141

Enterprise Cost-Benefit Broadcasting Risk 141

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

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

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

CIO Business Intelligence

OCTOBER 17, 2024

For any health insurance company, preventive care management is critical to keeping costs low. The key to keeping costs low is that the number of claims must be low. So how much preventive care can you adopt to take care of your members to keep claims low and to keep costs low? And we’ve already seen a big ROI on this.

Management 111

Management Insurance ROI Cost-Benefit 111

CIO Business Intelligence

MAY 29, 2024

Sure, technology costs money, and your margins are slim. But there’s a cost to being left behind. Can order management automation provide the ROI you need to justify the investment? The ROI of automation It’s true that automation solves the labor-intensive tasks that slow us down. Are your customers starting to notice?

Management 98

Management ROI IT Cost-Benefit 98

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 120

ROI Scorecard Metrics Cost-Benefit 120

CIO Business Intelligence

APRIL 18, 2024

A new breed of AI assistant has set its sights on the enterprise user in recent months, with Microsoft and other vendors promising huge productivity gains that offset the cost. Its Copilot for Microsoft 365, a high-profile offering among the growing list of AI agents, costs $30 per seat per month, with a 300-seat minimum. No,” he says.

Cost-Benefit 140

Cost-Benefit ROI Sales Enterprise 140

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

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

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 Those costs don’t include recurring costs, which can run into the thousands of dollars per user each year. SMBs are particularly vulnerable to these cost increases.”

Risk 131

Risk Cost-Benefit Insurance ROI 131

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

AUGUST 27, 2024

Define clear objectives and secure executive buy-in Articulate challenges and benefits: Communicate the challenges posed by legacy applications and the potential benefits of APMR. Quantify ROI: Provide a detailed return on investment (ROI) analysis to gain leadership support. Employ AI and ML to assist in processes.

Cost-Benefit 109

Cost-Benefit Key Performance Indicator ROI Strategy 109

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

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 19, 2024

The analyst firm Forrester named AI agents as one of its top 10 emerging technologies this year and that it will deliver benefits in the next two to five years. Investments in AI agent projects are expected to yield orders of magnitude in ROI and business value if companies select high-impact use cases. Did this need to be an agent?

Testing 122

Testing Cost-Benefit Interactive ROI 122