CIO Business Intelligence

DECEMBER 9, 2024

Measuring AI ROI As the complexity of deploying AI within the enterprise becomes more apparent in 2025, concerns over ROI will also grow. However, we might expect to see a more nuanced approach to calculating ROI in the coming year. Part of the problem is the lack of common standards for measuring returns.

Enterprise 116

Enterprise Cost-Benefit ROI Measurement 116

CIO Business Intelligence

MAY 22, 2024

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.

ROI 143

ROI IT Measurement Cost-Benefit 143

CIO Business Intelligence

APRIL 25, 2024

Additionally, traditional security measures often fall short of addressing the unique demands of AI technologies. The ROI dilemma IT leaders also face the ongoing challenge of demonstrating and calculating the return on investment (ROI) of technology initiatives.

ROI 136

ROI Cost-Benefit Machine Learning Technology 136

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

O'Reilly on Data

SEPTEMBER 15, 2020

Customer stakeholders are the people and companies that advertise on the platform, and are most concerned with ROI on their ad spend. Technical sophistication: Sophistication measures a team’s ability to use advanced tools and techniques (e.g., automated retirement portfolio rebalancing and maximized ROI).

Advertising 359

Advertising Cost-Benefit ROI Machine Learning 359

CIO Business Intelligence

JANUARY 21, 2025

But alongside its promise of significant rewards also comes significant costs and often unclear ROI. Ineffective cost management: Over 22% of IT executives highlight challenges in managing costs and developing clear ROI methodologies. Prioritize high-impact use cases: Identify projects with measurable benefits that can give quick wins.

Cost-Benefit 98

Cost-Benefit ROI Measurement Strategy 98

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

CIO Business Intelligence

AUGUST 1, 2024

Nowadays, management wants return on investment (ROI) calculations as part of any AI proposal. But how do you calculate ROI on something completely new and different—or on something as complex as AI, which brings with it lots of issues such as data privacy concerns, regulatory compliance complications, and all-new security risks?

ROI 105

ROI Metrics Measurement Risk 105

Smart Data Collective

FEBRUARY 16, 2023

How Can Machine Learning Boost Your Social Media Marketing ROI? It’s easy to measure the success of your campaign with AI-driven analytics tools Measurement of success is essential for social media marketing. If you can’t measure it, how will you know if your actions are working?

Machine Learning 140

Machine Learning ROI Marketing Advertising 140

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

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. ROI and Metrics, Software Development

Measurement 126

Measurement Metrics Testing Software 126

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

OCTOBER 23, 2024

Every enterprise must assess the return on investment (ROI) before launching any new initiative, including AI projects,” Abhishek Gupta, CIO of India’s leading satellite broadcaster DishTV said. AI costs spiral beyond control The second, and perhaps most pressing, issue is the rising cost of AI implementation.

Enterprise 141

Enterprise Cost-Benefit Broadcasting Risk 141

datapine

JULY 3, 2019

In a hyper-connected digital world driven by data, there has never been a better time for businesses to gather meaningful insights on their target prospects, in addition to measuring ongoing levels of commercial growth and performance. Social media KPIs are values that measure the performance of social media marketing (SMM) campaigns.

Metrics 219

Metrics KPI Strategy ROI 219

CIO Business Intelligence

APRIL 18, 2022

times more likely when they demonstrated ROI on their BI or data analytics investments. 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. It could be a dataset, an ML model, or a report.

ROI 116

ROI IT Dashboards Sales 116

CIO Business Intelligence

DECEMBER 18, 2024

Resilience frameworks have measurable ROI, but they require a holistic, platform-based approach to curtail threats and guide the safe use of AI, he adds. However, CIOs must still demonstrate measurable outcomes and communicate these imperatives to senior leadership to secure investment.

Risk 105

Risk Risk Management Cost-Benefit Measurement 105

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

O'Reilly on Data

MARCH 25, 2025

How will you measure success? So now we have a user persona, several scenarios, and a way to measure success. Business value : Align outputs with business metrics and optimize workflows to achieve measurable ROI. Every AI system feature is an experimentyou just might not be measuring it yet.

Testing 174

Testing Data-driven Software Measurement 174

CIO Business Intelligence

NOVEMBER 5, 2024

Pursuing measurable results: Success with environmental sustainability requires making the organizational and cultural changes necessary to succeed and realize the potential financial and non-financial benefits. Scope 3 shock: Scope 3 emissions make up 60% to 95% of the total carbon impact for most organizations.

Uncertainty 98

Uncertainty Measurement ROI Reporting 98

CIO Business Intelligence

NOVEMBER 21, 2024

Gartner’s prediction that CIOs can underestimate AI costs by 1,000% should be a wake-up call to CIOs to figure out how to measure and prioritize the AI projects that can provide value , Miller says. “The first thing that CIOs need to find is, where are the potential little wins with AI?” The cost “just compounds exponentially,” he adds. “It

Management 124

Management Interactive ROI Software 124

Corinium

JULY 19, 2020

The number one question we’re asked at InMoment: “How do I prove the value or return on investment (ROI) of my customer experience program?”. Get Creative When Measuring Profitability. Consider what sort of revenue or profit proxies can be identified and measured. Interested in learning more about measuring CX profitability?

Snapshot 195

Snapshot Measurement ROI Testing 195

CIO Business Intelligence

DECEMBER 30, 2024

Generative AI has seen faster and more widespread adoption than any other technology today, with many companies already seeing ROI and scaling up use cases into wide adoption. Massive growth in proven use cases This year, weve seen some use cases proven to have ROI, says Monteiro.

ROI 141

ROI Software Modeling Interactive 141

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

TDAN

MAY 16, 2023

The difficulty is convincing decision makers to invest in data when measures of data’s value either do not exist or feel too ambiguous to estimate. As digital transformation accelerates, interest in frameworks for linking data to monetary measures grows.Connecting data […] For data managers, the struggle is especially familiar.

Measurement 59

Measurement ROI Digital Transformation Management 59

CIO Business Intelligence

DECEMBER 18, 2024

We also created a digital operations group called DigiOps, which is responsible to ensure our digital investments drive ROI. As a platform company, measurement is crucial to success. We have a very tight way to govern and measure our efforts so we dont focus on things that dont deliver value. All of this is intertwined.

Digital Transformation 116

Digital Transformation Metrics Measurement ROI 116

O'Reilly on Data

MARCH 31, 2020

Measurement, tracking, and logging is less of a priority in enterprise software. Many consumer internet companies invest heavily in analytics infrastructure, instrumenting their online product experience to measure and improve user retention. What delivers the greatest ROI? How do you select what to work on?

Management 363

Management Machine Learning Experimentation Metrics 363

datapine

SEPTEMBER 6, 2022

That said, measuring the success of your those efforts is another great part of the job, and on many occasions, it can prove to be overwhelming as you need to use multiple tools to gather the data. Enter modern content reports. This is a great way to maximize your time and resources using real-time data.

Dashboards 179

Dashboards Reporting Metrics ROI 179

Corinium

JUNE 6, 2019

A properly set framework will ensure quality, timeliness, scalability, consistency, and industrialization in measuring and driving the return on investment. What do you recommend to organizations to harness this but also show a solid ROI? It is also important to have a strong test and learn culture to encourage rapid experimentation.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Smart Data Collective

AUGUST 23, 2023

One of the benefits is that data analytics helps measure the ROI of trade show marketing more effectively. One of the biggest ways that brands are using big data is by optimizing their approach to trade show marketing. IBISWorld has shown that big data can be extremely beneficial for companies relying on trade shows.

Big Data 98

Big Data ROI Marketing Advertising 98

CIO Business Intelligence

FEBRUARY 13, 2024

IT leaders are drowning in metrics, with many finding themselves up to their KPIs in a seemingly bottomless pool of measurement tools. To name a few — products and services that are delivered on time and on budget, and overall IT ROI.” You have to have a good measure of which teams need to move fast and what they are really achieving.”

Metrics 140

Metrics IT ROI Measurement 140

datapine

MAY 21, 2019

1) Too expensive and hard to justify the ROI of BI. They also need these tools to generate a true ROI. The right business intelligence tool is a much easier ROI to sell. The ROI alone from hours saved and reduced costs of producing current reports will improve your bottom line. 2) Lack of company-wide adoption.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards ROI 183

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

datapine

FEBRUARY 14, 2021

The shorter the conversion cycle the better, and this invaluable supply chain metric will help you take the right measures to ensure that you can run your business with less money tied up in operations. The days sales outstanding (DSO) KPI measures how swiftly you are able to collect or generate revenue from your customers.

Metrics 260

Metrics KPI Dashboards Sales 260

CIO Business Intelligence

NOVEMBER 13, 2024

Managers tend to incentivize activity metrics and measure inputs versus outputs,” she adds. So in the short term, employees will have to deal with getting used to a new, limited technology, and companies will have to deal with uncertain ROI. “There’s a never-ending list of busywork that has to get done,” she says.

IT 141

IT Consulting ROI Cost-Benefit 141