Remove Cost-Benefit Remove ROI Remove Software
article thumbnail

What to expect from AI in the enterprise in 2025

CIO Business Intelligence

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. To benefit from this wider range of RAG services, organizations need to ensure their data is AI-ready. I see this taking shape in 5 key areas.

article thumbnail

Deep tech disruption: How advanced technologies are transforming businesses

CIO Business Intelligence

From AI models that boost sales to robots that slash production costs, advanced technologies are transforming both top-line growth and bottom-line efficiency. Artificial intelligence: Driving ROI across the board AI is the poster child of deep tech making a direct impact on business performance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to talk to your board about tech debt

CIO Business Intelligence

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
article thumbnail

How will AI agents be priced? CIOs need to pay attention

CIO Business Intelligence

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.

article thumbnail

How to calculate TCO for enterprise software

CIO Business Intelligence

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
article thumbnail

Where’s the ROI for AI? CIOs struggle to find it

CIO Business Intelligence

I have found very few companies who have found ROI with AI at all thus far,” he adds. The concern about calculating the ROI also rings true to Stuart King, CTO of cybersecurity consulting firm AnzenSage and developer of an AI-powered risk assessment tool for industrial facilities. “I

ROI 143
article thumbnail

Key Strategies to Develop AI Software Cost-Effectively

Smart Data Collective

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