CIO Business Intelligence

JANUARY 24, 2024

Organizations can’t afford to mess up their data strategies, because too much is at stake in the digital economy. How enterprises gather, store, cleanse, access, and secure their data can be a major factor in their ability to meet corporate goals. Here are some data strategy mistakes IT leaders would be wise to avoid.

Data Strategy 130

Data Strategy Strategy Unstructured Data Data Governance 130

datapine

FEBRUARY 22, 2022

1) What Is A Business Intelligence Strategy? 2) BI Strategy Benefits. 4) How To Create A Business Intelligence Strategy. Over the past 5 years, big data and BI became more than just data science buzzwords. Your Chance: Want to build a successful BI strategy today? Table of Contents.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

datapine

SEPTEMBER 29, 2022

1) What Is Data Quality Management? 4) Data Quality Best Practices. 5) How Do You Measure Data Quality? 6) Data Quality Metrics Examples. 7) Data Quality Control: Use Case. 8) The Consequences Of Bad Data Quality. 9) 3 Sources Of Low-Quality Data. 10) Data Quality Solutions: Key Attributes.

Data Quality 241

Data Quality Metrics Data-driven Management 241

IBM Big Data Hub

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

Strategy 82

Strategy Management Forecasting Cost-Benefit 82

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. That gap is becoming increasingly apparent because of artificial intelligence’s (AI) dependence on effective data management. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

Strategy 100

Strategy Management Key Performance Indicator ROI 100

IBM Big Data Hub

MARCH 6, 2024

Cloud migration is the process of transferring data, applications and on-premises infrastructure to a cloud computing environment. Businesses are increasingly embracing cloud infrastructure due to its scalability, flexibility and cost-effectiveness, among other benefits. Why migrate to the cloud?

Optimization 75

Optimization Strategy Cost-Benefit Testing 75

Smart Data Collective

JULY 20, 2022

Data-driven decision-making has become a major element of modern business. A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Furthermore, only 13% of companies are actually delivering on their data strategy.

Data-driven 123

Data-driven Optimization Big Data Data Strategy 123

Smart Data Collective

JANUARY 10, 2023

More small businesses are leveraging big data technology these days. One of the many reasons that they use big data is to improve their SEO. Data-driven SEO is going to be even more important as the economy continues to stagnate. Data-driven SEO will be one of the most important ways that they can achieve these goals.

Data-driven 103

Data-driven Data mining Big Data Optimization 103

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Global companies spent over $92.5

Data-driven 103

Data-driven Cost-Benefit Data mining Big Data 103

IBM Big Data Hub

SEPTEMBER 6, 2023

Enterprise marketing teams stand to benefit greatly from generative AI, yet introduction of this capability will require new skills and processes. With the right generative AI strategy, marketers can mitigate these concerns. The journey starts with sound data. Thus, the tool has the potential to provide unexpected results.

Marketing 114

Marketing Strategy B2B Cost-Benefit 114

Cloudera

AUGUST 30, 2022

Data-fuelled innovation requires a pragmatic strategy. This blog lays out some steps to help you incrementally advance efforts to be a more data-driven, customer-centric organization. For example, providers can start by including more real-time data streams that can enhance customer interactions.

Strategy 105

Strategy Data Strategy ROI Cost-Benefit 105

Cloudera

DECEMBER 21, 2020

Hybrid cloud is the best of both worlds – it allows low latency in data transfer combined with high data security offered by on-prem with the low TCO of ownership of scalable advanced analytics solutions in the cloud. . Enhancing Online Customer Experience with Data .

Data-driven 91

Data-driven Data Strategy Strategy Cost-Benefit 91

CIO Business Intelligence

OCTOBER 16, 2023

Two significant changes have prompted a reassessment: first, business transformation projects necessitate comprehensive process evaluations, so the two domains can’t be viewed separately anymore; second, the growing emphasis on security has highlighted the substantial risks of using outdated, unmonitored technology.

Manufacturing 126

Manufacturing Strategy Cost-Benefit IoT 126

Smart Data Collective

SEPTEMBER 21, 2021

Retailers around the world are discovering that big data can be incredibly valuable to their bottom lines. A growing number of businesses are starting to look for new data-driven approaches to streamline their business models. Targeting the Right Variables for Your Data-Driven Retail Business Model.

Data-driven 107

Data-driven Metrics Big Data Sales 107

IBM Big Data Hub

SEPTEMBER 11, 2023

The bulk of these uncertainties do not revolve around what software package to pick or whether to migrate to the cloud; they revolve around how exactly to apply these powerful technologies and data with precision and control to achieve meaningful improvements in the shortest time possible.

Data-driven 86

Data-driven IT Measurement Cost-Benefit 86

IBM Big Data Hub

NOVEMBER 14, 2023

Data monetization is a business capability where an organization can create and realize value from data and artificial intelligence (AI) assets. A value exchange system built on data products can drive business growth for your organization and gain competitive advantage.

Strategy 105

Strategy Cost-Benefit Data-driven Measurement 105

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. The complex and ever-evolving nature of logistics makes it an essential use case for big data applications. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

IBM Big Data Hub

APRIL 10, 2023

A well-designed data architecture should support business intelligence and analysis, automation, and AI—all of which can help organizations to quickly seize market opportunities, build customer value, drive major efficiencies, and respond to risks such as supply chain disruptions.

Strategy 87

Strategy Data Architecture Cost-Benefit Reporting 87

CIO Business Intelligence

DECEMBER 13, 2022

Recently, chief information officers, chief data officers, and other leaders got together to discuss how data analytics programs can help organizations achieve transformation, as well as how to measure that value contribution. Supply and consumption are symbiotic principles that together maximize the value of the enterprise data asset.

Data Analytics 88

Data Analytics Strategy Analytics Metrics 88

CIO Business Intelligence

JULY 31, 2023

They note, too, that CIOs — being top technologists within their organizations — will be running point on those concerns as companies establish their gen AI strategies. Here’s a rundown of the top 20 issues shaping gen AI strategies today. says CIOs should apply agile processes to their gen AI strategy.

Strategy 90

Strategy Risk Enterprise Risk Management 90

CIO Business Intelligence

MARCH 21, 2022

It’s especially poignant when we consider the extent to which financial data can steer business strategy for the better. Way back in 1999, his team did a cost-benefit analysis of the free shipping model, which is arguably one of the key drivers of Amazon’s stupendous growth. Poor quality data. billion a year.

Data-driven 98

Data-driven IT Finance Forecasting 98

CIO Business Intelligence

MAY 9, 2024

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. They also need to understand the vitality of quality data for AI success, as well as governance frameworks to ensure responsible and ethical use of AI.

Risk Management 129

Risk Management Risk Cost-Benefit Technology 129

IBM Big Data Hub

FEBRUARY 19, 2024

Data monetization empowers organizations to use their data assets and artificial intelligence (AI) capabilities to create tangible economic value. This value exchange system uses data products to enhance business performance, gain a competitive advantage, and address industry challenges in response to market demand.

Cost-Benefit 64

Cost-Benefit Data-driven Optimization Marketing 64

datapine

OCTOBER 21, 2020

Big data has changed the way we manage, analyze, and leverage data across industries. One of the most notable areas where data analytics is making big changes is healthcare. In this article, we’re going to address the need for big data in healthcare and hospital big data: why and how can it help?

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Smart Data Collective

MARCH 2, 2023

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. However, there are even more important benefits of using big data during a bad economy.

Big Data 81

Big Data Uncertainty Risk Data mining 81

IBM Big Data Hub

JUNE 30, 2022

The rise of data strategy. There’s a renewed interest in reflecting on what can and should be done with data, how to accomplish those goals and how to check for data strategy alignment with business objectives. The evolution of a multi-everything landscape, and what that means for data strategy.

Data Strategy 56

Data Strategy Strategy Business Objectives Data-driven 56

Cloudera

MARCH 22, 2022

The Covid-19 pandemic has resulted in an unprecedented global economic landscape that is dominated by loose monetary policies, low borrowing costs and influx of capital in the equity markets. That technology fragmentation introduces greater architectural complexity, increased maintenance and operational costs (e.g., Introduction.

Strategy 80

Strategy Cost-Benefit Risk Data Processing 80

CIO Business Intelligence

JANUARY 23, 2024

Keep the number of metrics small and manageable, ideally three or four, and at most seven key ones because people cannot focus on multiple pages of data.” Efficiency metrics might show the impacts of automation and data-driven decision-making. He suggests, “Choose what you measure carefully to achieve the desired results.

Measurement 122

Measurement Digital Transformation KPI Metrics 122

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 136

Digital Transformation Unstructured Data Machine Learning Risk Management 136

CIO Business Intelligence

JANUARY 8, 2024

To stay on top of both old and new challenges, IT chiefs should evaluate their current business and technology strategies and, when necessary, adjust them to address rapidly evolving technology, business, and economic practices. As a large enterprise, we have vast amounts of data from disparate sources,” she says.

Cost-Benefit 137

Cost-Benefit Digital Transformation Optimization Measurement 137

IBM Big Data Hub

APRIL 10, 2024

In fact, 83% of IT executives feel that modernization is central to their organization’s strategy, but only 27% say their organizations have modernized the requisite workflows (including applications, data and underlying systems). For example, the cost of the technical debt in US was $1.52 trillion in 2022.

Cost-Benefit 89

Cost-Benefit Software Risk Marketing 89

CIO Business Intelligence

APRIL 11, 2024

Governments cannot put their head in the sand and ignore change, but they operate in a highly complex, data-sensitive environment and can’t afford to take on fundamental business risks in the name of innovation. Governments could leverage community health data to create proactive, targeted wellness campaigns that improve patient care.

Cost-Benefit 84

Cost-Benefit Predictive Analytics Data-driven Risk 84

datapine

JUNE 15, 2023

These analytical tools allow decision-makers to get a sense of their performance in a number of areas and extract valuable insights to inform their future strategies and boost growth. In the past, these reports were used after a month or even a year since the data being displayed was generated. What Is A Performance Report?

Reporting 207

Reporting Dashboards Cost-Benefit Sales 207

CIO Business Intelligence

DECEMBER 6, 2023

Intelligent new services and infrastructure can optimize cost and performance, but the rapidly evolving technology environment also introduces complexity. In fact, more than 70% of NTT DATA’s clients are doubling down on digital initiatives to overcome constraints and mitigate risks.

Technology 100

Technology Digital Transformation Cost-Benefit Data-driven 100

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 124

IT Risk Cost-Benefit Risk Management 124

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. An enterprise starts by using a framework to formalize its processes and procedures, which gets increasingly difficult as data science programs grow. What Is Model Risk? Types of Model Risk.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

DataRobot Blog

SEPTEMBER 28, 2022

A new economic validation report shows the DataRobot AI Cloud platform can transform data science initiatives with a 3.5x In today’s rapidly changing economy, organizations need to see quick time to value from data science experiments and production models. 83% Faster Time to Initial Value – and at a Lower Cost.

ROI 52

ROI Strategy Enterprise Cost-Benefit 52