CIO Business Intelligence

JANUARY 21, 2025

But alongside its promise of significant rewards also comes significant costs and often unclear ROI. Well also examine strategies CIOs can use to address these challenges, ensuring their organizations can recognize the rewards of GenAI without compromising financial stability. million in 2025 to $7.45 million in 2025 to $7.45

Cost-Benefit 98

Cost-Benefit ROI Measurement Strategy 98

CIO Business Intelligence

SEPTEMBER 5, 2024

Yet it’s rare for any business leader not to say they wish they had a better ROI from their cloud spend. As new technologies and delivery models evolve, it’s more important than ever for companies to rely on the expertise of the CIO. because they see where they can adjust their strategies. So why the disconnect?

ROI 126

ROI IT Risk Strategy 126

CIO Business Intelligence

OCTOBER 23, 2024

In a survey of 451 senior technology executives conducted by Gartner in mid-2024, a striking 57% of CIOs reported being tasked with leading AI strategies. 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 17, 2024

Its the year organizations will move their AI initiatives into production and aim to achieve a return on investment (ROI). Like any new technology, organizations typically need to upskill existing talent or work with trusted technology partners to continuously tune and integrate their AI foundation models. Track ROI and performance.

Experimentation 98

Experimentation ROI Risk Data Quality 98

CIO Business Intelligence

NOVEMBER 27, 2024

Data quality for AI needs to cover bias detection, infringement prevention, skew detection in data for model features, and noise detection. Not all columns are equal, so you need to prioritize cleaning data features that matter to your model, and your business outcomes. asks Friedman.

Enterprise 141

Enterprise Data Quality Structured Data Modeling 141

CIO Business Intelligence

NOVEMBER 25, 2024

AI has the potential to transform industries, but without reliable, relevant, and high-quality data, even the most advanced models will fall short. Data quality is about ensuring that what you feed into the model is accurate, consistent, and relevant to the problem you’re trying to solve.

Data Quality 99

Data Quality ROI Interactive Modeling 99

CIO Business Intelligence

DECEMBER 19, 2024

So far, no agreement exists on how pricing models will ultimately shake out, but CIOs need to be aware that certain pricing models will be better suited to their specific use cases. Lots of pricing models to consider The per-conversation model is just one of several pricing ideas.

Cost-Benefit 128

Cost-Benefit Modeling ROI Marketing 128

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. Deploy scalable technology.

ROI 132

ROI IT Sales Consulting 132

O'Reilly on Data

MARCH 31, 2020

This means that the AI products you build align with your existing business plans and strategies (or that your products are driving change in those plans and strategies), that they are delivering value to the business, and that they are delivered on time. Models also become stale and outdated over time.

Management 363

Management Machine Learning Experimentation Metrics 363

CIO Business Intelligence

JANUARY 30, 2025

Chinese AI startup DeepSeek made a big splash last week when it unveiled an open-source version of its reasoning model, DeepSeek-R1, claiming performance superior to OpenAIs o1 generative pre-trained transformer (GPT). That echoes a statement issued by NVIDIA on Monday: DeepSeek is a perfect example of test time scaling.

Modeling 117

Modeling Data-driven Technology Strategy 117

CIO Business Intelligence

NOVEMBER 22, 2024

Guan, along with AI leaders from S&P Global and Corning, discussed the gargantuan challenges involved in moving gen AI models from proof of concept to production, as well as the foundation needed to make gen AI models truly valuable for the business. I think driving down the data, we can come up with some kind of solution.”

Unstructured Data 136

Unstructured Data Testing Modeling Enterprise 136

CIO Business Intelligence

AUGUST 20, 2024

Early on, I observed that business strategy was rarely driving digital transformation, resulting in very little transformation occurring. Enterprises did not rethink their companies or models to thrive in what was quickly becoming a digital-first world. The state of ROI of genAI Business leaders are expecting a lot from AI.

Digital Transformation 144

Digital Transformation Modeling ROI Strategy 144

Smart Data Collective

DECEMBER 13, 2021

More companies are using sophisticated data analytics and AI tools to overhaul their business models. E-commerce Companies Are Using Big Data Technology to Improve the Execution of their Marketing Strategies. More e-commerce companies are leveraging analytics and AI to improve their business strategies.

Data-driven 145

Data-driven Marketing Strategy Big Data 145

O'Reilly on Data

MARCH 25, 2025

Throughout this article, well explore real-world examples of LLM application development and then consolidate what weve learned into a set of first principlescovering areas like nondeterminism, evaluation approaches, and iteration cyclesthat can guide your work regardless of which models or frameworks you choose. Which multiagent frameworks?

Testing 174

Testing Data-driven Software Measurement 174

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.”

Management 124

Management Interactive ROI Software 124

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? We divided the technical challenges into a few areas, none of which focused on an ERP rationalization strategy.

Digital Transformation 116

Digital Transformation Metrics Measurement ROI 116

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. 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 example, smart hospitals employ effective data management strategies.

Strategy 116

Strategy Management Key Performance Indicator Cost-Benefit 116

CIO Business Intelligence

DECEMBER 10, 2024

CIOs have been able to ride the AI hype cycle to bolster investment in their gen AI strategies, but the AI honeymoon may soon be over, as Gartner recently placed gen AI at the peak of inflated expectations , with the trough of disillusionment not far behind. Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

CIO Business Intelligence

JANUARY 7, 2025

To preserve the integrity of their organizations, leaders must evaluate the strategies they use to prioritize investments so that they can optimize spending in preferred technology areas to reach their business goals. ROI quickly becomes DOA. Question #2: How will we make sure that we use AI responsibly?

ROI 52

ROI Business Objectives Technology Optimization 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 Digital Transformation ROI 140

Smart Data Collective

NOVEMBER 18, 2021

In the information, there are companies with big data strategies and those that fall behind. However, the success of a big data strategy relies on its implementation. VentureBeat reports that only 13% of companies are delivering on their big data strategies. This will enable you to optimize your business model accordingly.

Data Strategy 138

Data Strategy B2B Strategy Big Data 138

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 107

Strategy Data Strategy Cost-Benefit ROI 107

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. This blog post will provide an in-depth exploration of these strategies, equipping fund managers with the knowledge to boost their fund performance and investor confidence.

ROI 97

ROI Data Analytics Analytics Risk Management 97

Rocket-Powered Data Science

FEBRUARY 12, 2021

One can automate a very complicated and time-consuming process, even for a one-time bespoke application – the ROI must be worth it, to justify doing this only once. The “Next” part of the report probes organizations’ forward-looking strategies and goals over the next one to two years. The average ROI from RPA/IA deployments is 250%.

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

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

CIO Business Intelligence

APRIL 18, 2022

Today, Doug Laney, innovation fellow of data and analytics strategy at West Monroe, disputes Humby’s assertion on a technicality: “When you use a drop of oil, you can only use it one way at a time,” Laney says. times more likely when they demonstrated ROI on their BI or data analytics investments. A framework for data project ROI.

ROI 116

ROI IT Dashboards Sales 116

CIO Business Intelligence

OCTOBER 18, 2023

That study focused on CIO and CTO satisfaction with their existing IT support and services models for enterprise software. Respondents voiced broad dissatisfaction with their support services and models, including issues with support capabilities, lack of accountability, and lack of personalized expertise.

Modeling 128

Modeling IT ROI Software 128

CIO Business Intelligence

NOVEMBER 2, 2023

Rapid advancements in artificial intelligence (AI), particularly generative AI are putting more pressure on analytics and IT leaders to get their houses in order when it comes to data strategy and data management. If you go out and ask a chief data officer, a head of IT, ‘Is your data strategy aligned?’, I need to know my forecast.

Data Strategy 137

Data Strategy Strategy Sales Data Governance 137

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

FEBRUARY 14, 2023

To succeed with real-time AI, data ecosystems need to excel at handling fast-moving streams of events, operational data, and machine learning models to leverage insights and automate decision-making. It’s clear how these real-time data sources generate data streams that need new data and ML models for accurate decisions.

Data Strategy 116

Data Strategy Strategy Machine Learning Data-driven 116

Smart Data Collective

FEBRUARY 21, 2021

A growing number of marketers are using data analytics technology to optimize their lead generation models. But what lead generation strategies can you use in conjunction with your data analytics tools. You need to know which strategies work for lead generation in order to utilize data analytics effectively.

Data Analytics 118

Data Analytics Strategy Analytics Data-driven 118

CIO Business Intelligence

AUGUST 4, 2023

Software-as-a-service (SaaS) has witnessed explosive growth over the past few years, as vendors, thought leaders, and CIOs have hailed the enhanced efficiency, lower costs, and reduced time to benefit the model can deliver. Here are the most important strategies to avoid SaaS bloat. A business is interested in performance.

Strategy 98

Strategy Cost-Benefit ROI Software 98

Rocket-Powered Data Science

MARCH 10, 2020

And this: perhaps the most powerful node in a graph model for real-world use cases might be “context”. How does one express “context” in a data model? After all, the standard relational model of databases instantiated these types of relationships in its very foundation decades ago: the ERD (Entity-Relationship Diagram).

Metadata 250

Metadata Machine Learning Prescriptive Analytics ROI 250

Smart Data Collective

NOVEMBER 24, 2019

One of the biggest applications is that new predictive analytics models are able to get a better understanding of the relationships between employees and find areas where they break down. Big Data is the Key to Stronger Team Extension Models. Let’s dig deep and find out which model should we pick as a business owner.

Big Data 99

Big Data Modeling ROI Predictive Analytics 99

datapine

SEPTEMBER 29, 2022

There are a lot of strategies that you can use to improve the quality of your information. More generally, low-quality data can impact productivity, bottom line, and overall ROI. No, its ultimate goal is to increase return on investment (ROI) for those business segments that depend upon data. 2 – Data profiling.

Data Quality 241

Data Quality Metrics Data-driven Management 241

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. When we do planning sessions with our clients, two thirds of the solutions they need don’t necessarily fit the generative AI model.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143