Smart Data Collective

DECEMBER 13, 2021

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. Most ecommerce marketing strategies depend on your market, competitors, and your business goals. billion on big data by 2025.

Data-driven 145

Data-driven Marketing Strategy Big Data 145

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

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 125

ROI Experimentation Risk Cost-Benefit 125

CIO Business Intelligence

OCTOBER 12, 2023

The following are strategies you can leverage as a team to change this attitude: Leveraging data for impact One key strategy is using data to demonstrate the service desk’s influence on your organization’s bottom line. To illustrate the real-world impact of these strategies, let’s focus on Wodonga TAFE.

Strategy 111

Strategy ROI IT Cost-Benefit 111

CIO Business Intelligence

JANUARY 24, 2024

Our analytics capabilities identify potentially unsafe conditions so we can manage projects more safely and mitigate risks.” Elevating IT To modernize Gilbane’s architecture, Higgins-Carter and her peers had to elevate innovation and technology as a core strategy for the company. So they’ll be patient when it comes to ROI.

Risk Management 119

Risk Management Risk Management Digital Transformation 119

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. The Imperative of Risk Mitigation A crucial element in the world of financial investments is effective hedge fund management.

ROI 97

ROI Data Analytics Analytics Risk Management 97

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 143

Strategy Enterprise Testing Cost-Benefit 143

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. Longer buying cycles, more risk, and larger transactions.

Data Strategy 138

Data Strategy B2B Strategy Big Data 138

CIO Business Intelligence

NOVEMBER 12, 2024

By Bryan Kirschner, Vice President, Strategy at DataStax From the Wall Street Journal to the World Economic Forum , it seems like everyone is talking about the urgency of demonstrating ROI from generative AI (genAI). GenAI itself can report week-on-week progress, putting it to work across your organization–including the ROI.

ROI 73

ROI Metrics Uncertainty Testing 73

Smart Data Collective

NOVEMBER 24, 2020

Big data is central to the success of modern marketing strategies. Marketing teams can use data analytics to optimize their scheduling to squeeze a higher ROI from their strategies. Marketing teams can use data analytics to optimize their scheduling to squeeze a higher ROI from their strategies. Set a limit.

Marketing 132

Marketing Optimization Strategy Big Data 132

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

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

Smart Data Collective

MARCH 23, 2023

The ROI of creating their own AI applications can be massive, but they still need to use them cost-effectively. Automations reduce the risk of human error, leading to higher accuracy and reliability. This means you run less of a risk of bugs or other issues, which can easily escape the notice of a human.

Software 142

Software Strategy Cost-Benefit Testing 142

CIO Business Intelligence

AUGUST 22, 2024

That spectrum of budget adjustments is being met by a range of strategies by IT leaders seeking to make the most of their 2025 IT spend. Even with global economic uncertainties, organizations that aren’t investing in AI risk getting left behind, he adds. The promise of AI outweighs concerns about interest rates and global conflict. “We

Strategy 134

Strategy IT Uncertainty Software 134

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. Data is what economists would call a non-rival risk, non-depleting progenitor of assets,” Laney says.

ROI 116

ROI IT Dashboards Sales 116

CIO Business Intelligence

DECEMBER 15, 2022

Additionally, striving for continuous improvement, we were looking for a solution to take our existing mechanical integrity program and strategies and integrate them with our maintenance and business processes.” About four years ago, IVL expanded the use of risk acceptance at its PNO facility in Texas to establish next-inspection plans.

Risk 98

Risk Digital Transformation Software ROI 98

CIO Business Intelligence

SEPTEMBER 6, 2023

The value of addressing cybersecurity issues through ongoing discussions is getting corporate alignment on effective and robust strategies, says Roger Albrecht, co-lead of the cybersecurity unit at technology research and advisory firm ISG. Are our systems adequately modernized for security? What would be the next steps?

IT 142

IT ROI Risk Strategy 142

CIO Business Intelligence

MARCH 4, 2025

As a business executive who has led ventures in areas such as space technology or data security and helped bridge research and industry, Ive seen first-hand how rapidly deep tech is moving from the lab into the heart of business strategy. The takeaway is clear: embrace deep tech now, or risk being left behind by those who do.

Technology 118

Technology ROI Cost-Benefit Manufacturing 118

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. AI product estimation strategies.

Management 341

Management Machine Learning Experimentation Metrics 341

CIO Business Intelligence

MARCH 12, 2024

With greater scrutiny on margins and ROI, CIOs must spend wisely, making today’s economic environment a more difficult one for selling preemptive projects that don’t produce immediate ROI. Here are three strategies for getting it done. When these additional costs appear, the original ROI prognosticators get unhappy.

ROI 122

ROI IT Manufacturing Metrics 122

CIO Business Intelligence

JANUARY 10, 2025

Leaders are putting real dollars behind agents, but with mounting pressure to demonstrate ROI, getting the value story right is critical. High expectations, but ROI challenges persist Despite significant investments, only 31% of organizations expect to measure generative AIs return on investment in the next six months.

ROI 82

ROI Enterprise Broadcasting Metrics 82

CIO Business Intelligence

FEBRUARY 24, 2023

To keep ahead of cybercriminals, organizations must remain agile, pivoting to embrace new strategies and technologies whenever necessary in order to outrun attacks. For example, suppose an organization has multiple teams or departments responsible for different parts of its cybersecurity strategy.

Strategy 106

Strategy ROI Consulting Technology 106

CIO Business Intelligence

JANUARY 25, 2024

Two-thirds of risk executives surveyed by Gartner consider gen AI a top emerging risk. McAfee counters that such risks are manageable. These risks are things you have to worry about with any other large-scale database technology project—but they’re not terrifying, and you have a great deal to gain,” says McAfee.

Strategy 110

Strategy Risk ROI Sales 110

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.

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. 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

Corinium

JUNE 6, 2019

Regulations and compliance requirements, especially around pricing, risk selection, etc., Beyond that, we recommend setting up the appropriate data management and engineering framework including infrastructure, harmonization, governance, toolset strategy, automation, and operating model. In addition, the traditional challenges remain.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

IBM Big Data Hub

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge.

Risk Management 78

Risk Management Risk Management Metrics 78

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 125

Modeling Cost-Benefit IT ROI 125

CIO Business Intelligence

OCTOBER 23, 2024

Despite AI’s potential to transform businesses, many senior technology leaders find themselves wrestling with unpredictable expenses, uneven productivity gains, and growing risks as AI adoption scales, Gartner said. This creates new risks around data privacy, security, and consistency, making it harder for CIOs to maintain control.

Enterprise 141

Enterprise Cost-Benefit Broadcasting Risk 141

Jet Global

JUNE 30, 2020

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 Analysis. Diversification and Risk. In good times, risk tolerance is relatively high.

ROI 59

ROI Uncertainty Finance Cost-Benefit 59

CIO Business Intelligence

NOVEMBER 18, 2024

To fully leverage AI and analytics for achieving key business objectives and maximizing return on investment (ROI), modern data management is essential. It’s impossible,” says Shadi Shahin, Vice President of Product Strategy at SAS. Trying to clean the data and make it perfect is not going to work.

Data-driven 111

Data-driven Machine Learning ROI Uncertainty 111

datapine

JANUARY 24, 2021

It is not just important to gather all the existing information, but to consider the preparation of data and utilize it in the proper way, has become an indispensable value in developing a successful business strategy. For example, you need to develop a sales strategy and increase revenue. Giving the most ROI? Driving revenue?

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

DECEMBER 2, 2024

Business risk (liabilities): “Our legacy systems increase our cybersecurity exposure by 40%.” Suboptimal integration strategies are partly to blame, and on top of this, companies often don’t have security architecture that can handle both people and AI agents working on IT systems.

ROI 137

ROI Cost-Benefit Metrics Strategy 137

Smart Data Collective

JANUARY 30, 2023

So, how can one create software with as little risk as possible? When used appropriately, it can significantly improve your overall ROI. The official announcement on CISA’s website clearly outlines the increased risks of cyber attacks. Cryptocurrency prices have plummeted — another clear indicator of turbulent times.

Software 124

Software Strategy Testing Advertising 124

Smart Data Collective

SEPTEMBER 19, 2022

They can also anticipate industry trends, assess risks, and make strategic steps to elevate the customer experience. Improving Risk Assessment. Data analytics fintech provides crucial information financial institutions need to build a robust risk assessment strategy. Improving Security. Better UI/UX based on A/B testing.

Big Data 145

Big Data ROI Measurement Machine Learning 145

CIO Business Intelligence

MARCH 6, 2024

Attacks against OT systems pose risks beyond financial losses. Colonial Pipeline, and the Ukraine power grid , to name a few, all led to potential health risks and operational shutdown of critical facilities. The first is the ability to get to ROI faster. We hear about these types of attacks with distressing regularity.

Manufacturing 127

Manufacturing ROI Cost-Benefit IoT 127

Smart Data Collective

JULY 7, 2022

Data Analytics Helps Investors Create More Profitable Strategies. Unfortunately, coming up with a good stock market strategy can be challenging due to the efficient market hypothesis. If you really want to make the most of your investing strategy, then you are going to want to utilize data analytics to the best of your ability.

Marketing 145

Marketing Data Analytics Analytics Data mining 145