article thumbnail

5 hot IT budget investments — and 2 going cold

CIO

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). CIOs anticipate an increased focus on cybersecurity (70%), data analysis (55%), data privacy (55%), AI/machine learning (55%), and customer experience (53%).

Budget 363
article thumbnail

Data Architect: Role Description, Skills, Certifications and When to Hire

Altexsoft

Data is now one of the most valuable assets for any kind of business. The 11th annual survey of Chief Data Officers (CDOs) and Chief Data and Analytics Officers reveals 82 percent of organizations are planning to increase their investments in data modernization in 2023. Feel free to enjoy it. Feel free to enjoy it.

Data 87
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

This KPI also helps categorize your suppliers. So, this group of KPIs show how effective your cost and procurement strategie are and what the impact on the company’s bottom line is. Cost reduction KPI is measured by comparing the old and current cost for the purchased goods and services. Inventory-related KPIs.

article thumbnail

How to Successfully Implement HR Analytics and People Analytics in a Company

Altexsoft

In January 2018, The US Bureau of Labor Statistics conducted an employee tenure survey. If you already use custom KPIs or you want to introduce some, document them in addition to standard HR metrics. When documenting a custom KPI or metric, describe in detail: What measure it expresses. How it’s calculated/generated.