Smart Data Collective

FEBRUARY 16, 2023

According to one analysis, companies that used machine learning in their marketing strategies boosted sales by up to 50%. There are a number of ways that companies can boost their marketing strategies with machine learning technology. How Can Machine Learning Boost Your Social Media Marketing ROI?

Machine Learning 119

Machine Learning ROI Marketing Advertising 119

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

FEBRUARY 22, 2023

But not every approach provides the same ROI. Before committing to a migration strategy, organizations must identify the best approach for their business requirements. Each approach comes with its own benefits, time commitments, and cost. What are the benefits of each of the cloud modernization approaches?

ROI 52

ROI Cost-Benefit Strategy Technology 52

CIO Business Intelligence

APRIL 1, 2024

That’s not hyperbole: TEKsystems’ 2024 State of Digital Transformation report found that 53% of organizations classified as digital leaders are confident that their digital investments will meet expected ROIs. Here veteran IT leaders and advisers offer eight strategies to speed up IT modernization.

Strategy 140

Strategy IT ROI Digital Transformation 140

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

CIO Business Intelligence

JULY 5, 2024

So many vendors, applications, and use cases, and so little time, and it permeates everything from business strategy and processes, to products and services. This is why many enterprises are seeing a lot of energy and excitement around use cases, yet are still struggling to realize ROI.

ROI 124

ROI Experimentation Risk Cost-Benefit 124

CIO Business Intelligence

SEPTEMBER 12, 2024

While some enterprises are already reporting AI-driven growth, the complexities of data strategy are proving a big stumbling block for many other businesses. What’s more, it’s only when you have visibility into all that data that you can prioritize what to scan, retain, make more accessible, or destroy.

ROI 110

ROI Cost-Benefit Unstructured Data Metadata 110

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. Improved Marketing Campaigns. Reduced Risks.

ROI 122

ROI Marketing Data Analytics Analytics 122

David Menninger's Analyst Perspectives

NOVEMBER 5, 2024

At its recent analyst conference, Verint laid out the latest steps in its strategy for coping with marketplace changes, including its efforts to pivot from traditional AM tools to software components reflective of its innovations around AI, automation and analytics. Verint’s strategy for bots has been evolving.

ROI 130

ROI Interactive Software Measurement 130

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

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

Cloudera

AUGUST 30, 2022

Data-fuelled innovation requires a pragmatic strategy. The reality is that we cannot take multiple years to realize an ROI as the industry is moving too quickly. Renovating it while realizing incremental ROI — customer or operational benefits — is the pragmatic approach to moving forward. Embrace incremental progress.

Strategy 105

Strategy Data Strategy ROI Cost-Benefit 105

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

Smart Data Collective

MARCH 23, 2023

Some companies are interested in taking advantage of the benefits of existing AI tools like ChatGPT. The ROI of creating their own AI applications can be massive, but they still need to use them cost-effectively. A study done by Deloitte in late 2022 showed that cost reduction is the top priority for CFOs.

Software 117

Software Strategy Cost-Benefit Testing 117

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

Smart Data Collective

DECEMBER 13, 2021

E-commerce Companies Are Using Big Data Technology to Improve the Execution of their Marketing Strategies. This figure will continue to grow as more online retailers discover the benefits of using big data for various purposes, such as marketing. You simply can’t afford to ignore the benefits of using big data in this business.

Data-driven 138

Data-driven Marketing Strategy Big Data 138

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

IBM Big Data Hub

NOVEMBER 20, 2023

An organization is only as strong as its talent pool, so organizations have increasingly embraced talent management as a core component of their overarching strategy. Demonstrate a strong approach during recruitment and onboarding Talent management strategies begin before an organization ever hires someone.

Strategy 97

Strategy Management Cost-Benefit Consulting 97

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 B2B 121

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. Rasmussen says the modernization process should begin by forming a strategy team and directing it to build the business case for why change is needed. “As

IT 139

IT Cost-Benefit Strategy Risk 139

datapine

JULY 3, 2019

Like most digital marketing mediums, there are a number of KPI examples you can associate with these platforms – and if tracked, measured, and analyzed to their maximum capacity, social KPIs will help your business expand its commercial reach while increasing engagement, boosting revenue, and significantly improving your ROI.

Metrics 219

Metrics KPI Strategy ROI 219

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 84

Big Data ROI Marketing Advertising 84

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

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. Big data is the backbone of modern digital marketing strategies.

ROI 88

ROI Big Data Marketing Advertising 88

CIO Business Intelligence

AUGUST 15, 2024

Generative AI has been hyped so much over the past two years that observers see an inevitable course correction ahead — one that should prompt CIOs to rethink their gen AI strategies. Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

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

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

The strategy unfolded through careful planning, leveraging technology to enhance the taxpayer experience and ensuring robust cybersecurity measures. Now, let’s delve into the concrete steps and strategies. Plan: Develop a detailed road map considering dependencies, resources, and risk mitigation strategies.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

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

OCTOBER 17, 2024

It’s a good balance between technology strategy and then applying that technology to operational areas as well. 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. And we’ve already seen a big ROI on this.

Management 111

Management Insurance ROI Cost-Benefit 111

Smart Data Collective

DECEMBER 2, 2021

We have talked about the benefits of using big data in online marketing. However, there are other reasons to use big data to make the most of your marketing strategy. They can be a lot more effective with these strategies if they embrace data analytics, AI and other similar technologies. Marketing via text messaging can do both.

Data-driven 102

Data-driven Marketing Strategy Advertising 102

IBM Big Data Hub

MARCH 29, 2024

An effective customer retention strategy should support the company to maintain a healthy stable of loyal customers and bring in new customers. Organizations that succeed at customer retention will benefit by encouraging customer loyalty. Some of the steps to building an effective customer retention strategy are: 1.

Strategy 58

Strategy Cost-Benefit Key Performance Indicator Marketing 58

IBM Big Data Hub

JUNE 20, 2023

Here’s what you need to know in order to build a successful strategy. The following are the six stages of asset lifecycle management: Planning: In the first stage of the asset lifecycle, stakeholders assess the need for the asset, its projected value to the organization and its overall cost. What is an asset?

Strategy 71

Strategy Management Cost-Benefit IoT 71

datapine

OCTOBER 11, 2023

Every day, more and more businesses realize the value of analyzing their own performance to boost strategies and achieve their goals. Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success. What Is A Warehouse KPI?

Metrics 217

Metrics KPI Management Cost-Benefit 217

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

datapine

SEPTEMBER 6, 2022

Modern content performance reports in the shape of an interactive online dashboard present an intuitive and accessible way to assess your content’s success and its ROI in real-time and in one centralized location. Like this, they define what is working and what isn’t and improve their strategies to succeed.

Dashboards 179

Dashboards Reporting ROI Metrics 179

Smart Data Collective

NOVEMBER 12, 2021

To address newer challenges, security providers have developed new technologies and strategies to combat evolving threats. To get acquainted with the ways security firms are handling the new breed of threats in cyberspace, here’s a rundown of the notable strategies the leading cybersecurity platforms and security firms are offering.

Strategy 135

Strategy Enterprise Testing Cost-Benefit 135