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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO Business Intelligence

One of the main difficulties is calculating ROI to convince CFOs to approve budgets, and this challenge is also present when considering AI adoption, according to Abhishek Gupta, CIO of Dish TV. Quantifying tangible benefits such as cost savings, productivity improvements, and top-line growth is relatively straightforward.

Survey 342
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11 ways to reduce your IT costs now

CIO Business Intelligence

IT leaders have always needed to exercise fiscal responsibility while meeting business demands for technology. The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.” But it’s not the only one.

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Value stream management (VSM) delivered $81M in savings

CIO Business Intelligence

Based on the experience of a Broadcom customer, the study found the organization achieved a 471% return on investment (ROI) and a net present value (NPV) of $81.63M over three years, with payback of the initial investment in just nine months. Additionally, access to real-time data reduces the need for so many meetings, saving everyone time.

Study 334
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How Kimberly-Clark’s Zack Hicks heeds the call for innovation

CIO Business Intelligence

We are seeing a huge net improvement in sales based on leveraging real-time shelf analytics with consumers. You can vote with your budget. I also try to keep an open mind when Im meeting with suppliers and vendors to ask them those same questions about whats happening. Were doing real-time shelf analytics, which is interesting.

Strategy 279
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Accelerate Sustainable Digital Transformation in the Oil & Gas Industry

CIO Business Intelligence

In response, oil and gas majors are making headway in terms of carbon reporting, net-zero targets, and accountability. Many companies have budget or purchasing policy constraints or do not need the latest top-performing equipment. Many have even spun up renewable energy arms. Innovation underpins corporate sustainability efforts.

Industry 246
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Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax

GeekWire

Now the city is using the surplus to help close major gaps in its budget. ” Seattle already faced operating deficits of $141 million for 2023 and $152 million for 2024 before the budget planning process began this fall. . (GeekWire Photo / Kurt Schlosser). million in its first year — $48.1 million more than projected.

Budget 103
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Australian businesses need new servers to drive sustainability and innovation

CIO Business Intelligence

Australian businesses need to transition to sustainable IT solutions to support these emerging technologies while staying in line with Australia’s new commitment to an emissions reduction target of 43 per cent and net zero emissions by 2050. It’s not just the public sector pushing companies to change.

Dell 275