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What is business intelligence? Transforming data into business insights

CIO

Business intelligence definition Business intelligence (BI) is a set of strategies and technologies enterprises use to analyze business information and transform it into actionable insights that inform strategic and tactical business decisions.

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How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

Analytics is becoming more important than ever in the world of business. Over 70% of global businesses use some form of analytics. They are using analytics to help drive business growth. While we are at it, Gartner’s 2022 report on business composability further pushes the need for analytics. is at the doorstep.

Business 308
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The AI continuum

CIO

AI’s broad applicability and the popularity of LLMs like ChatGPT have IT leaders asking: Which AI innovations can deliver business value to our organization without devouring my entire technology budget? How you use AI will vary based on the nature of your business, what you produce, and the value you can create with AI technologies.

Algorithm 650
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Competitor Benchmarking: What It Is & How It Works

Netbasequid

We are going to detail some of these opportunities, as well as what competitor benchmarking is, how it’s used, as well as some best practices. But first, let’s take a look at these reveling stats: 90% of Fortune 500 companies already use competitive intelligence to enhance their competitive edge. What is Competitor Benchmarking?

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Introduction To The Basic Business Intelligence Concepts

Datapine Blog

In a world dominated by data, it’s more important than ever for businesses to understand how to extract every drop of value from the raft of digital insights available at their fingertips. This concept is known as business intelligence. Introduction To Business Intelligence Concepts. Learn here!

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4 Ways to Use Analytics to Measure and Optimize Business Growth

Smart Data Collective

Data analytics has upended the world of business in countless ways. A growing number of businesses are discovering new applications for data analytics technology as they strive to streamline operations and boost their bottom lines. Data Analytics Can Help Businesses Meet their Growth Objectives. Clarify Your Business Metrics.

Business 303
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Why CIOs should invest in digital through economic headwinds

CIO

Approximately 34% are increasing investment in artificial intelligence (AI) and 24% in hyper-automation as well. Investing in ICI would supposedly increase growth for cities and businesses, and improve the lives of citizens. Gartner is benchmarking 16 ODMs that organisations can use to compare their protection levels to their peers.