CIO Business Intelligence

JANUARY 23, 2024

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). He suggests, “Choose what you measure carefully to achieve the desired results.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

CIO Business Intelligence

OCTOBER 23, 2024

To address this, Gartner has recommended treating AI-driven productivity like a portfolio — balancing operational improvements with high-reward, game-changing initiatives that reshape business models. You must understand the cost components and pricing model options, and you need to know how to reduce these costs and negotiate with vendors.

Enterprise 141

Enterprise Cost-Benefit Broadcasting Risk 141

CIO Business Intelligence

DECEMBER 10, 2024

Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. Set clear, measurable metrics around what you want to improve with generative AI, including the pain points and the opportunities, says Shaown Nandi, director of technology at AWS.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

OCTOBER 13, 2022

One of the most important parameters for measuring the success of any technology implementation is the return on investment (ROI). Providing a compelling ROI on technology initiatives also puts CIOs in a stronger position for securing support and funds from the business for future projects. Align projects with business goals.

ROI 132

ROI IT Sales Consulting 132

Occam's Razor

SEPTEMBER 29, 2009

One of the ultimate excuses for not measuring impact of Marketing campaigns is: "Oh, that's just a branding campaign." It is criminal not to measure your direct response campaigns online. I also believe that a massively under appreciated opportunity exists to truly measure impact of branding campaigns online.

Measurement 130

Measurement Metrics Analytics Marketing 130

CIO Business Intelligence

NOVEMBER 20, 2023

Measuring developer productivity has long been a Holy Grail of business. In addition, system, team, and individual productivity all need to be measured. Using tools such as Jira, which measures backlog management, it is possible to spot trends that are damaging to optimization. And like the Holy Grail, it has been elusive.

Measurement 126

Measurement Metrics Testing Software 126

O'Reilly on Data

MARCH 31, 2020

Instead of writing code with hard-coded algorithms and rules that always behave in a predictable manner, ML engineers collect a large number of examples of input and output pairs and use them as training data for their models. The model is produced by code, but it isn’t code; it’s an artifact of the code and the training data.

Management 363

Management Machine Learning Experimentation Metrics 363

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 central to fostering continuous improvement.

Key Performance Indicator 207

Key Performance Indicator Cost-Benefit ROI Measurement 207

CIO Business Intelligence

DECEMBER 18, 2024

Our history is rooted in a traditional distribution model of marketing, selling, and shipping vendor products to our resellers. What were the technical considerations moving from a distribution model to a platform? As a platform company, measurement is crucial to success. This is crucial in a value-driven development model.

Digital Transformation 116

Digital Transformation Metrics Measurement ROI 116

CIO Business Intelligence

NOVEMBER 13, 2024

One is going through the big areas where we have operational services and look at every process to be optimized using artificial intelligence and large language models. But a substantial 23% of respondents say the AI has underperformed expectations as models can prove to be unreliable and projects fail to scale.

IT 141

IT Consulting ROI Cost-Benefit 141

CIO Business Intelligence

NOVEMBER 21, 2024

It’s very easy to get quick success with a prototype, but there is hidden cost involved in making your data AI ready, training your AI models with corporate data, tuning it post deployment, putting the controls to limit abuse, biases, and hallucinations.” The first thing that CIOs need to find is, where are the potential little wins with AI?”

Management 124

Management Interactive ROI Software 124

datapine

SEPTEMBER 29, 2022

5) How Do You Measure Data Quality? In this article, we will detail everything which is at stake when we talk about DQM: why it is essential, how to measure data quality, the pillars of good quality management, and some data quality control techniques. Industry-wide, the positive ROI on quality data is well understood.

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

APRIL 18, 2022

times more likely when they demonstrated ROI on their BI or data analytics investments. It could be a dataset, an ML model, or a report. Product-based thinking means that there’s an owner in the business, managing it strategically with an ROI attitude. A framework for data project ROI.

ROI 116

ROI IT Dashboards Sales 116

Smart Data Collective

JULY 16, 2023

According to a report by Dataversity , a growing number of hedge funds are utilizing data analytics to optimize their rick profiles and increase their ROI. When employing a comprehensive risk management approach, fund managers can proactively take pre-emptive measures to protect their funds.

ROI 97

ROI Data Analytics Analytics Risk Management 97

Occam's Razor

AUGUST 13, 2012

Yehoshua Coren: Best ways to measure user behavior in a multi-touch, multi-device digital world. Yehoshua I've covered this topic in detail in this blog post: Multi-Channel Attribution: Definitions, Models and a Reality Check. What's possible to measure. What's not possible to measure. Let's do this!

Modeling 125

Modeling Metrics Data Quality Data-driven 125

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. Modern digital organisations tend to use an agile approach to delivery, with cross-functional teams, product-based operating models , and persistent funding. CFOs want certainty when it comes to spend.

Modeling 124

Modeling Cost-Benefit IT ROI 124

Corinium

JUNE 6, 2019

Beyond that, we recommend setting up the appropriate data management and engineering framework including infrastructure, harmonization, governance, toolset strategy, automation, and operating model. What do you recommend to organizations to harness this but also show a solid ROI? How fast are the advances you’re seeing in AI now?

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Occam's Razor

FEBRUARY 25, 2013

But we've never stopped to consider this question: What is the return on investment (ROI) of digital analytics? Let's calculate the ROI of digital analytics. In part two, we are going to build on the formula and create a model (ok, spreadsheet :)) that you can use to compute ROA for your own company. So, what is ROI?

Analytics 143

Analytics ROI Marketing Modeling 143

CIO Business Intelligence

MARCH 19, 2025

Developers, data architects and data engineers can initiate change at the grassroots level from integrating sustainability metrics into data models to ensuring ESG data integrity and fostering collaboration with sustainability teams. However, embedding ESG into an enterprise data strategy doesnt have to start as a C-suite directive.

IT 59

IT Data Governance Data-driven Metrics 59

Smart Data Collective

MAY 26, 2022

This means that cities need to measure the air quality at many different locations instead of just a few. For years, the only way to measure air quality was to take samples of the air and send them to a laboratory for analysis. In recent years, sensors that can measure air quality in real-time have been developed.

Technology 142

Technology Cost-Benefit ROI Measurement 142

DataKitchen

JUNE 24, 2021

Chapin also mentioned that measuring cycle time and benchmarking metrics upfront was absolutely critical. “It It takes them out of the craft world of people talking to people and praying, to one where there’s constant monitoring, constant measuring against baseline. [It DataOps Maximizes Your ROI. Design for measurability.

Metrics 211

Metrics ROI Measurement Cost-Benefit 211

datapine

JANUARY 6, 2022

Yet, before any serious data interpretation inquiry can begin, it should be understood that visual presentations of data findings are irrelevant unless a sound decision is made regarding scales of measurement. Interval: a measurement scale where data is grouped into categories with orderly and equal distances between the categories.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

datapine

JANUARY 24, 2021

Additionally, incorporating a decision support system software can save a lot of company’s time – combining information from raw data, documents, personal knowledge, and business models will provide a solid foundation for solving business problems. Giving the most ROI? As Data Dan reminded us, “did the best” is too vague to be useful.

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

AUGUST 15, 2024

Determining the ROI for “ubiquitous” gen AI uses, such as virtual assistants or intelligent chatbots , can be difficult, says Frances Karamouzis, an analyst in the Gartner AI, hyper-automation, and intelligent automation group. However, foundational models will always have a place as the core backbone for the industry.”

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

datapine

JANUARY 31, 2022

For example, in regards to marketing, traditional advertising methods of spending large amounts of money on TV, radio, and print ads without measuring ROI aren’t working like they used to. Business Intelligence And Analytics Lead To ROI. Consumers have grown more and more immune to ads that aren’t targeted directly at them.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

David Menninger's Analyst Perspectives

NOVEMBER 5, 2024

As bots were developed, deployed and improved, Verint took its initial argument about identifying specific, immediately helpful use cases and added the critical element of ROI. 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. Regards, Keith Dawson

ROI 130

ROI Interactive Software Measurement 130

Anmut

MARCH 22, 2023

Data maturity models are a crucial step for any organisation looking to improve their data, informing if your current data practices are helping, or holding back, your business. ? Click the links below to navigate to different sections What are data maturity models? Why do we need data maturity models? It’s like driving a car.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

CIO Business Intelligence

AUGUST 30, 2024

AI agents can, for example, handle customer service issues, such as offering a refund or replacement, autonomously, and they can identify potential threats on an organization’s network and proactively take preventive measures. Agents driving ROI Agentic AI can deliver value to organizations struggling to find the ROI in gen AI, adds Dunaev.

ROI 138

ROI Recreation/Entertainment Machine Learning Interactive 138

IBM Big Data Hub

MAY 17, 2024

Cloud maturity models are a useful tool for addressing these concerns, grounding organizational cloud strategy and proceeding confidently in cloud adoption with a plan. Cloud maturity models (or CMMs) are frameworks for evaluating an organization’s cloud adoption readiness on both a macro and individual service level.

Modeling 96

Modeling Cost-Benefit Optimization Digital Transformation 96

CIO Business Intelligence

MAY 9, 2023

Like most CIOs you’ve no doubt leaned on ROI, TCO and KPIs to measure the business value of your IT investments. Those Three Big Acronyms are still important for fine-tuning your IT operations, but success today is increasingly measured in business outcomes. Maybe you’ve even surpassed expectations in each of these yardsticks.

ROI 126

ROI Cost-Benefit KPI Uncertainty 126

CIO Business Intelligence

DECEMBER 11, 2024

The expectations for AI are high, with 40% of the survey respondents expecting a return of three times or greater ROI, and it is this expectation that is driving investment, with 43% of organisations planning investment increases of over 20% over the next twelve months.

ROI 59

ROI Experimentation Insurance Strategy 59

datapine

NOVEMBER 13, 2019

It doesn’t matter how innovative your brand is or how groundbreaking your business model might be; if your business is ridden with glaring inefficiencies, your potential for growth is eventually going to get stunted. e) Take accurate measurements. That way you can increase your ROI and ensure sustainable business development.

Reporting 158

Reporting KPI Cost-Benefit Dashboards 158

CIO Business Intelligence

SEPTEMBER 23, 2024

Thought leadership can generate tangible ROI In professional services and the technology industry, it’s well known that thought leadership can help brands command a higher premium in the market. They understand marketing, of course, but thought leadership is a lesser known entity and may be viewed with skepticism.

ROI 121

ROI Scorecard Metrics Cost-Benefit 121

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 Cost-Benefit 116

Smart Data Collective

JUNE 26, 2019

Get Rid of Blind Spots in Statistical Models With Machine Learning. Data-related blind spots could also exist in your statistical models. RiskSpan is a company that built a machine learning algorithm that can flag error-prone parts of a statistical model and indicate which associated outputs may be unreliable.

Statistics 111

Statistics ROI Machine Learning Measurement 111

Smart Data Collective

JANUARY 5, 2021

Modeling your sales funnel so you can better target and nurture leads at each layer is critical to increasing your conversion rate. But for accurate modeling, you need lots of reliable data. You need access to quality social data to build a better B2B sales funnel model. These are all great reasons to use big data in marketing.

B2B 144

B2B Sales Big Data Marketing 144

datapine

DECEMBER 11, 2019

SaaS is a software distribution model that offers a lot of agility and cost-effectiveness for companies, which is why it’s such a reliable option for numerous business models and industries. Flexible payment options: Businesses don’t have to go through the expense of purchasing software and hardware. 4) Increased Thought Leadership.

Software 314

Software Cost-Benefit Data-driven Data Processing 314