Smart Data Collective

SEPTEMBER 13, 2023

One of the most important yet often overlooked benefits of AI is that it can help businesses bolster their digital security. With that in mind, businesses must do everything to ensure their processes and data are secured, as even the slightest problem can cost them financially. Financial health.

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IT Cost-Benefit Data Processing Software 99

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 137

IT Risk Cost-Benefit Risk Management 137

CIO Business Intelligence

FEBRUARY 12, 2024

A host of new product and feature launches, questions about SAP’s plans for managing commitments to legacy platform customers, and the acceleration of generative AI in popular products such as SAP RISE are just a few of the major issues enterprise SAP customers will need to keep on top of in the year ahead.

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Consulting Cost-Benefit Strategy Modeling 118

IBM Big Data Hub

FEBRUARY 6, 2024

Organizations that neglect to develop reliable cyber and disaster recovery strategies expose themselves to a broad range of threats that can have devastating consequences. Reduced costs from unplanned events: Cyber and disaster recovery can be expensive, with critical assets like employees, data and infrastructure being threatened.

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Cost-Benefit Testing Risk Strategy 89

CIO Business Intelligence

DECEMBER 21, 2023

An AI solution that excels in scalability ensures that it can effortlessly expand to meet the global organization’s requirements, maintaining pace with the surge in data traffic and morphing attack strategies across diverse regions. 300% more early detection for malicious hosts. unique users and 49.75

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Data-driven Risk Enterprise Cost-Benefit 105

DataRobot Blog

MAY 26, 2022

In this post, we will dive deeper into how members from both the first and second line of defense within a financial institution can adapt their model validation strategies in the context of modern ML methods. The decreasing default risk with increasing salary suggests that higher income applicants pose less credit risk to the bank.

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Risk Modeling Metrics Business Objectives 52

Smart Data Collective

SEPTEMBER 13, 2022

In today’s more competitive, technology-driven corporate environment, all firms seeking to increase activity and productivity are reaping the benefits of the software world. ” Software as a service (SaaS) is a software licensing and delivery paradigm in which software is licensed on a subscription basis and is hosted centrally.

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Cost-Benefit Data Processing Software Data-driven 102

IBM Big Data Hub

JANUARY 11, 2024

Failover and failback both use data replication and are widely used in DR strategies for data centers and communication networks. The benefits of business disaster recovery Disasters can cause all kinds of problems for businesses. million—a 15% increase over the last 3 years.

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Cost-Benefit Risk Enterprise Software 94

datapine

MARCH 8, 2021

Explore our 14-day free trial & benefit from great healthcare reports! The Benefits Of A Healthcare Report. By tracking key healthcare data reporting insights and setting the right key performance indicators, your healthcare organization stands to benefit a great deal. Cutting down unnecessary costs.

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Reporting KPI Management Cost-Benefit 198

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. Lacking a clear strategy determined by business objectives.

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Optimization Cost-Benefit Consulting Strategy 111

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. the average cost of a data breach was at its highest, reaching $9.48M. In the U.S., In the U.S.,

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Cost-Benefit Testing Strategy Risk Management 74

CIO Business Intelligence

JUNE 22, 2022

Unfortunately, many organizations find themselves susceptible to the tactics used by consultants to manage their risk and optimize a commercial arrangement to their benefit. Consultants will also leverage their confidence with senior leadership to strengthen their ability to expose program risks and mitigate risk to their firm. .

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Consulting Uncertainty Cost-Benefit Risk 128

CIO Business Intelligence

MARCH 9, 2023

IT leaders may find that prices are going up without an accompanying increase in benefits, with technology providers — less dependent on any one industry or geography — taking a harder line on deals, says Achint Arora, a partner in the pricing assurance practice at Everest Group. What’s more, technology contracts are often multilayered.

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Cost-Benefit Risk Uncertainty Technology 116

IBM Big Data Hub

FEBRUARY 7, 2024

1 In pursuit of net zero, organizations will focus their sustainability efforts on two paths in 2024: Clean energy : The transition from fossil fuels to renewable energy sources is central to sustainability strategies and net zero initiatives, and was a central issue last year at the United Nations’ COP28 climate summit.

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Reporting Internet of Things Cost-Benefit Data-driven 90

IBM Big Data Hub

OCTOBER 25, 2023

First, technology leaders need to estimate the full financial impact of modernization (versus the cost of not modernizing) across the organization. Look for relatively discrete and low-risk opportunities to explore proof-of-concept implementations. The first cost factor is the pricing or licensing method.

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Cost-Benefit ROI Modeling Testing 83

IBM Big Data Hub

AUGUST 14, 2023

However, while the benefits of such a migration are substantial, there are critical considerations that must not be overlooked. Failure to do so can result in unforeseen costs and performance issues that can lead to downtime, poor end-user experiences and blown IT budgets. re-hosting) and “optimized” modes of migration.

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Cost-Benefit Optimization Strategy Digital Transformation 57

O'Reilly on Data

APRIL 22, 2020

These strategies contribute to perceptions of trust. Compliance functions are powerful because legal violations result in clear financial costs. The era in which fines were merely a cost of doing business appears to be ending. But ethics strategies have major limitations leaders must address. Compliance and ethics.

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Cost-Benefit Finance Strategy Data-driven 248

IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications.

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Unstructured Data Cost-Benefit Experimentation Machine Learning 91

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

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Risk Cost-Benefit Business Intelligence Data-driven 237

Cloudera

MARCH 29, 2022

To capitalize on the opportunities that data creates for the public good, state and local CIOs must harness data in motion with a cohesive strategy and platform. It’s no secret that the cloud has become the go-to infrastructure foundation for a modern data strategy. The pandemic did nothing to stifle hybrid cloud strategies, either.

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Cost-Benefit Strategy Data Science Data Processing 99

datapine

SEPTEMBER 29, 2022

There are a lot of strategies that you can use to improve the quality of your information. Paired to this, it can also: Improved decision-making process: From customer relationship management, to supply chain management , to enterprise resource planning, the benefits of effective DQM can have a ripple impact on an organization’s performance.

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Data Quality Metrics Data-driven Management 241

IBM Big Data Hub

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

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Risk Cost-Benefit Digital Transformation Risk Management 70

datapine

NOVEMBER 5, 2019

Studies suggest that businesses that adopt a data-driven marketing strategy are likely to gain an edge over the competition and in turn, increase profitability. If you fail to do so, you risk damages in your productivity and costs. Key Benefits Of Performance Dashboards. Key Benefits Of Performance Dashboards.

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Dashboards Cost-Benefit Sales Metrics 220

Smart Data Collective

JULY 20, 2022

However, companies that have a formal data strategy are still in the minority. Only 32% of executives have officially laid out a data strategy to drive their organization. Furthermore, only 13% of companies are actually delivering on their data strategy. This illustrates the benefits of combining big data and lean thinking.

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Data-driven Optimization Big Data Data Strategy 123

CIO Business Intelligence

AUGUST 7, 2023

The top risk factors influencing CIOs spending decisions are inflation, labor shortages, and recession, the study’s author, Mickey North Rizza, told CIO.com. Sales of public cloud enterprise applications software had already overtaken on-premises, hosted, and private-cloud sales by 2022, representing 51.4% Software sales grew 9.8%

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Sales Enterprise Cost-Benefit Software 52

Alation

DECEMBER 9, 2021

Then, we’ll dive into the strategies that form a successful and efficient cloud transformation strategy, including aligning on business goals, establishing analytics for monitoring and optimization, and leveraging a robust data governance solution. What Are the Benefits of Cloud Transformation? Enhanced Cost Management.

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Cost-Benefit Data Governance Optimization Data Processing 52

CIO Business Intelligence

JULY 13, 2023

As technology innovators, we all must take responsibility and develop strategies to impact meaningful change. This area of sustainable IT concentrates on green infrastructure, implementing circular technology strategies and reducing emissions to achieve carbon neutrality. Environment. Governance. Adopt sustainable practices.

IT 98

IT Internet of Things Strategy IoT 98

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 90

Cost-Benefit Modeling Manufacturing Interactive 90

Cloudera

JANUARY 26, 2022

According to 451 Research , 96% of enterprises are actively pursuing a hybrid IT strategy. At the time, the architecture typically included two tiers, where cloud providers hosted the backend and clients sent their requests via web applications. . In 2008, Cloudera was born. Modern Day and the Future.

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Data Processing IoT Cost-Benefit Digital Transformation 90

Jet Global

JUNE 22, 2023

It is viewed as a burden that costs companies money. This strategy will help cut costs and give you a competitive edge against your rivals. Recommended Post: [link] As a CFO, it is your job to address the financial risk of your business. But, what if you could turn compliance into a competitive advantage?

KPI 105

KPI Finance Dashboards Digital Transformation 105

IBM Big Data Hub

MAY 26, 2023

Leading life sciences companies are discovering the power of cloud in enabling analytics and artificial intelligence (AI) , shrinking innovation cycles, and standardizing processes across global operations, among other benefits. Of these breaches, 45% were cloud-based, costing USD 10.10M on an average, per breach.

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Consulting Cost-Benefit Optimization Machine Learning 73

IBM Big Data Hub

DECEMBER 18, 2023

As enterprises look to address these requirements and achieve growth while adopting innovative AI and hybrid cloud technologies, IBM will continue to meet clients wherever they are in their journeys by helping them make workload placement decisions based on resiliency, performance, security, compliance and cost.

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Digital Transformation Risk Data Processing Enterprise 63

IBM Big Data Hub

JANUARY 10, 2024

Hybrid cloud has become the dominant approach for enterprise cloud strategies , but it comes with complexity and concerns over integration, security and skills. To address these concerns the industry is embracing container runtime environments to abstract away infrastructure.

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Data Processing Risk Modeling Cost-Benefit 71

datapine

MARCH 15, 2019

At present, 53% of businesses are in the process of adopting big data analytics as part of their core business strategy – and it’s no coincidence. The Benefits Of Data Intelligence. Now, let’s look at the primary benefits of data intelligence tools and practices in the world of business.

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Technology Cost-Benefit KPI Dashboards 143

Cloudera

SEPTEMBER 2, 2020

Recently, Cloudera announced the release of Cloudera CDP Private Cloud, delivering the final component of our hybrid cloud strategy. CDP Private Cloud offers benefits of a public cloud architecture—autoscaling, isolation, agile provisioning, etc.—in There’s nothing comparable to it in the industry. in an on-premise environment.

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Cost-Benefit Data Warehouse Data Lake Machine Learning 70

BizAcuity

JULY 26, 2021

According to the 2019 report by Flexera enterprises with a hybrid strategy grew to 58% in 2019 from 51% in 2018. Reduced costs . Improved security and risk management. Hybrid cloud computing aids businesses with crucial control on their data and improving security by reducing the potential risk of data disclosure.

IT 52

IT Cost-Benefit Data Processing Risk 52

CIO Business Intelligence

AUGUST 7, 2023

Doing so requires developing use cases based on a deep understanding of the unit economics of gen AI, the resources needed to capture those benefits, and the feasibility of executing the work given existing capabilities. Because of the cost and complexity, this will be the least-common archetype.

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Modeling Sales Cost-Benefit Data Processing 98