CIO Business Intelligence

FEBRUARY 22, 2023

Organizations are racing to modernize their legacy technology, architecture, infrastructure, and databases. But not every approach provides the same ROI. Each approach comes with its own benefits, time commitments, and cost. Each approach comes with its own benefits, time commitments, and cost.

ROI 52

ROI Cost-Benefit Strategy Technology 52

Smart Data Collective

JUNE 2, 2022

Cloud technology is becoming an increasingly important part of modern business. One of the biggest reasons cloud technology is becoming important is that it is helping companies make e-procurement possible. This is all made possible with cloud technology. ROI-Driven Concept. Cloud Automation Helps.

Technology 123

Technology ROI Cost-Benefit Forecasting 123

Smart Data Collective

MAY 26, 2022

However, few people realize that data technology is helping solve environmental issues. Big data technology has helped us make these findings. As cities wrestle with the problem of air pollution, some are looking to cutting-edge technology for help. Measure ROI of air quality sensors. It will also help develop solutions.

Technology 132

Technology ROI Cost-Benefit Measurement 132

Smart Data Collective

AUGUST 3, 2023

As the logistics sector continues to expand and evolve, blockchain technology is becoming an integral part of supply chain procedures. Its implementation offers numerous benefits and applications that streamline operations and enhance efficiency. Look at the top blockchain benefits and how they improve fleet management.

Technology 87

Technology Management Cost-Benefit Manufacturing 87

David Menninger's Analyst Perspectives

NOVEMBER 5, 2024

Verint is operating in quite a different marketplace for contact center and agent management technology than existed five years ago. 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.

ROI 130

ROI Interactive Software Measurement 130

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

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

As a disruptive technology, it’s being felt in terms of both its magnitude and frequency of change. One of the unusual challenges with gen AI as a technology, however, is it’s currently in mainstream adoption yet still at the peak of the hype cycle. Here are five best practices to get the most business benefit from gen AI.

ROI 124

ROI Experimentation Risk Cost-Benefit 124

Smart Data Collective

MAY 28, 2019

There are a lot of benefits of using big data to simplify the accounting process. New cloud technology has made big data even more versatile. The Dynamic Role of Cloud Technology in Accounting. Unfortunately, they are not using cloud technology to its full effectiveness. Cloud computing has been around for a few years.

Cost-Benefit 80

Cost-Benefit Big Data Data Processing ROI 80

CIO Business Intelligence

OCTOBER 29, 2024

When it comes to identifying and prioritizing opportunities for business value across the enterprise, gen AI use cases, specifically, are arguably no different than any other technology-related ones. It all comes down to cost benefit, and having a set of priorities. Both of these types of opportunities are good, however.

Cost-Benefit 122

Cost-Benefit ROI Finance Sales 122

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

Smart Data Collective

SEPTEMBER 28, 2022

Last year, HubSpot published an article on the benefits of using AI for call center management. This is why a growing number of businesses are leveraging AI technology to automate their outbound calls. Though automated outbound calling holds a lot of benefits like low time expenditure and low costs, is it really effective?

Technology 127

Technology Cost-Benefit Advertising Marketing 127

CIO Business Intelligence

MARCH 6, 2024

Operational technology (OT) organizations face increasing challenges when it comes to cybersecurity. continues to roll out, the internet of things (IoT) is expanding, and manufacturing organizations are using the latest technologies to scale. The first is the ability to get to ROI faster. As Industry 4.0 As Industry 4.0

ROI 126

ROI Manufacturing Cost-Benefit IoT 126

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

Smart Data Collective

DECEMBER 15, 2021

They make up an aspect of marketing focused on using the internet and cloud-based technology to promote brands. But driving sales through the maximization of profit and minimization of cost is impossible without data analytics. At reduced costs and efforts, they can make more sales and boost returns on investment. Reduced Risks.

ROI 122

ROI Marketing Data Analytics Analytics 122

Smart Data Collective

AUGUST 23, 2023

Big data technology has rapidly changed the state of modern marketing. 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. An inexpensive approach to create a significant impact is using inflatables.

Big Data 84

Big Data ROI Marketing Advertising 84

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

NOVEMBER 21, 2024

Technology has shifted from a back-office function to a core enabler of business growth, innovation, and competitive advantage. Senior business leaders and CIOs must navigate a complex web of competing priorities, such as managing stakeholder expectations, accelerating technological innovation, and maintaining operational efficiency.

Strategy 122

Strategy IT Business Objectives Cost-Benefit 122

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 17, 2024

So, my primary job as senior VP of health plan operations as well as being the CIO is to take care of technology and cybersecurity. It’s a good balance between technology strategy and then applying that technology to operational areas as well. The key to keeping costs low is that the number of claims must be low.

Management 111

Management Insurance ROI Cost-Benefit 111

Smarten

MARCH 6, 2022

To do that, the business must build a foundation of business processes, policies, technology and software that will support goals and objectives and make it easier, more timely and more efficient to perform tasks and complete activities. So, how does one improve ROI and TCO for business intelligence and augmented analytics?

Business Intelligence 77

Business Intelligence ROI Analytics Digital Transformation 77

CIO Business Intelligence

MAY 29, 2024

Unfortunately, many of their problems start with outdated technology. The truth — and there’s data to back it up — is that outdated technology is the foundation for out-of-step workflows. Sure, technology costs money, and your margins are slim. Sure, technology costs money, and your margins are slim.

Management 98

Management ROI IT Cost-Benefit 98

CIO Business Intelligence

JUNE 9, 2023

But head starts don’t need to take years to make a difference, especially in the fast-moving world of technology where the window of opportunity is much shorter. In technology, hesitate, and you may not be able to catch up to your competitors. Without it, organizations incur a significant opportunity cost.

Strategy 116

Strategy Management Key Performance Indicator ROI 116

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

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. Learn more about our emerging technology solutions.

ROI 52

ROI Machine Learning Optimization Cost-Benefit 52

CIO Business Intelligence

MARCH 30, 2022

In today’s transformative business environment, emerging technology has a decisive role to play in an organization’s innovations, customer experience and overall success. These technologies can help companies create powerful transformations to drive revenue and outshine the competition. Enrich to Empower.

Technology 98

Technology Internet of Things ROI IoT 98

CIO Business Intelligence

AUGUST 27, 2024

The strategy unfolded through careful planning, leveraging technology to enhance the taxpayer experience and ensuring robust cybersecurity measures. Many organizations face challenges with outdated applications that are expensive to maintain, lack flexibility, pose security threats, and hinder the adoption of modern technologies.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

Smart Data Collective

APRIL 3, 2022

One of the ways to make money through the use of AI technology is with algorithmic trading. This is a huge market driven by AI technology that is expected to be worth $19 billion by 2024. As AI technology has improved, algorithmic trading has become more effective and given traders the opportunity to realize higher ROIs.

Technology 102

Technology Cost-Benefit ROI Strategy 102

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

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. Research firm IDC projects worldwide spending on technology to support AI strategies will reach $337 billion in 2025 — and more than double to $749 billion by 2028.

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. Continuous and dependable funding facilitates IT leaders’ ability to deliver leading-edge technology solutions while not increasing technical debt. CFOs want certainty when it comes to spend.

Modeling 124

Modeling Cost-Benefit IT ROI 124

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

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

CIO Business Intelligence

OCTOBER 29, 2024

Technology continues to advance at a furious pace. When addressed properly , application and platform modernization drives immense value and positions organizations ahead of their competition, says Anindeep Kar, a consultant with technology research and advisory firm ISG. Kar advises taking a measured approach to system modernization.

IT 139

IT Cost-Benefit Strategy Risk 139

CIO Business Intelligence

SEPTEMBER 9, 2024

Enterprises want to enjoy genAI’s many advantages and gain a competitive edge, but they need guidance on putting genAI to work and reassurance that it delivers tangible business benefits. Some of the most promising early applications address common enterprise pain points, including overburdened staff and escalating operational costs.

Cost-Benefit 126

Cost-Benefit ROI Enterprise Data-driven 126

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

Smarten

DECEMBER 20, 2022

Technology research firm, Gartner, states that, ‘80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance.’ Every business user is also a consumer of technology and every business user expects easy access to information on mobile devices.

ROI 52

ROI Cost-Benefit Data-driven Business Intelligence 52