IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 71

Risk Modeling Management Metadata 71

IBM Big Data Hub

JANUARY 11, 2024

Successful business owners know how important it is to have a plan in place for when unexpected events shut down normal operations. In this article, we’re going to look at some common threats and how disaster recovery plans (DRPs) and solutions can optimize preparedness.

Cost-Benefit 94

Cost-Benefit Risk Enterprise Software 94

John Wheeler

OCTOBER 21, 2019

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches.

Risk 53

Risk Risk Management Digital Transformation Insurance 53

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Specific types of sourcing minimize costs in different ways.

Cost-Benefit 79

Cost-Benefit Scorecard Risk Recreation/Entertainment 79

CIO Business Intelligence

NOVEMBER 20, 2023

This reduces costs while improving customer experience. Sales optimization In sales, AI can provide account reps with the information they need to close deals. Hotels could dynamically adjust room rates based on traffic forecasts, weather conditions, and events in the area. AI can help every step of the way.

Sales 124

Sales Cost-Benefit Manufacturing Forecasting 124

CIO Business Intelligence

FEBRUARY 10, 2023

Organizations use predictive analytics to sift through current and historical data to detect trends and forecast events and conditions that should occur at a specific time, based on supplied parameters. With predictive analytics, organizations can find and exploit patterns contained within data in order to detect risks and opportunities.

Predictive Analytics 137

Predictive Analytics Analytics Predictive Modeling Forecasting 137

CDW Research Hub

MARCH 2, 2021

Yet for all their potential upside, the full benefits aren’t always achieved, often due to technology complexity, risk, cybersecurity, and execution throughout the M&A life cycle. Industry-leading practices related to digital, applications, data, operations, infrastructure, cybersecurity and risk.

Risk 52

Risk Consulting Cost-Benefit Sales 52

IBM Big Data Hub

JULY 10, 2023

Harmonics : The integer multiples of the fundamental frequency often associated with gear-meshing issues or other cyclical events. This targeted approach can result in significant cost savings and improved equipment reliability.

Optimization 55

Optimization IT Measurement Cost-Benefit 55

Cloudera

OCTOBER 18, 2023

In the ever-evolving landscape of the financial services Industry, change is a constant and transformation is a requirement — to stay at pace with new regulations, risk mitigation, and the technological developments that support transformation.

Cost-Benefit 81

Cost-Benefit Testing Machine Learning Optimization 81

CIO Business Intelligence

MAY 15, 2024

The growing realization of the cost of digital downtime has pushed CIOs into the spotlight, increasing the pressures they face. Many board-level employees can appreciate the benefits of automation but haven’t been educated on how it is used within their organization. The board is placing great expectations on the CIO.

Cost-Benefit 75

Cost-Benefit Risk Optimization Technology 75

IBM Big Data Hub

FEBRUARY 19, 2024

To mitigate these risks , companies need the resources and technology to develop robust contingency plans. Better customer satisfaction : An optimized supply chain allows businesses to make sure products are available when and where people want them—which can improve relationships and loyalty with customers.

Strategy 82

Strategy Management Forecasting Cost-Benefit 82

Jet Global

SEPTEMBER 1, 2023

But we’re also seeing its use expand in other industries, like Financial Services applications for credit risk assessment or Human Resources applications to identify employee trends. Analysts can use predictive analytics to foresee if a change will help them reduce risks, improve operations, and/or increase revenue.

Predictive Analytics 52

Predictive Analytics Risk Analytics Software 52

CDW Research Hub

JULY 9, 2021

Even if you are already familiar with the productivity benefits of Teams—including the ability to place phone calls between Teams clients—did you know you can expand Teams into a full enterprise telephony solution? Improve communication by hosting meetings, group events, or larger virtual conferences with employees or external guests.

Optimization 52

Optimization Cost-Benefit Data Processing Manufacturing 52

Jen Stirrup

FEBRUARY 2, 2024

Alongside strategic conversations, the event will create opportunities for the global energy value chain. The event takes place in Goa, India, on 6 – 9 February 2024. International collaboration between companies brings many benefits, from economic gains to innovative breakthroughs.

Cost-Benefit 52

Cost-Benefit Manufacturing Risk Marketing 52

datapine

AUGUST 19, 2020

In our cutthroat digital economy, massive amounts of data are gathered, stored, analyzed, and optimized to deliver the best possible experience to customers and partners. At the same time, inventory metrics are needed to help managers and professionals in reaching established goals, optimizing processes, and increasing business value.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

IBM Big Data Hub

DECEMBER 13, 2023

That learning is then applied at defined intervals or when an event (anomaly) or trend signifies impending failure. Predictive maintenance can be extremely cost effective and can help reduce maintenance costs, decrease breakdowns and improve response times for breakdowns.

Cost-Benefit 63

Cost-Benefit Optimization Strategy Risk 63

AWS Big Data

DECEMBER 8, 2023

Users could now assess risk, profitability, and cross-sell opportunities not only for piecemeal divisions or products, but also globally for the business as a whole. This means that workloads can be isolated to individual clusters, allowing for a more streamlined schema design, WLM configuration, and right-sizing for cost optimization.

Data Warehouse 68

Data Warehouse Cost-Benefit KPI Risk 68

datapine

MARCH 8, 2021

Explore our 14-day free trial & benefit from great healthcare reports! Healthcare reports, or healthcare reporting, are a data-driven means of benchmarking the performance of specific processes or functions within a healthcare institution, with the primary aim of increasing efficiency, reducing errors, and optimizing healthcare metrics.

Reporting 198

Reporting KPI Management Cost-Benefit 198

IBM Big Data Hub

JUNE 5, 2024

The average lost business cost following a data breach was USD 1.3 million in 2023, according to IBM’s Cost of a Data Breach report. We believe enterprises that prioritize resilience demonstrate their commitment to providing their consumers with a seamless experience in the event of disruption.

Cost-Benefit 46

Cost-Benefit Strategy Enterprise Measurement 46

Ontotext

JULY 6, 2023

M&A events, role changes, etc.) Let’s consider an example about risk and opportunity event detection. So we perform large scale Named Entity Recognition of company, locations and people, and we add some topics/events. The solution brings many business benefits. The business benefits here are also significant.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

IBM Big Data Hub

FEBRUARY 14, 2024

They can also help businesses predict future events and understand why past events occurred. Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). These systems can evaluate vast amounts of data to uncover trends and patterns, and to make decisions.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

Laminar Security

DECEMBER 1, 2023

As more organizations migrate their data to the cloud, they face an increasing range of risks and threats, including data breaches, data leakage, data loss, data misuse, data compliance violations, shadow data and more. According to a recent report by IBM , the average cost of a data breach in 2023 was $4.24

Modeling 52

Modeling Cost-Benefit Risk Data-driven 52

datapine

OCTOBER 21, 2020

In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. We will then look at 18 big data examples in healthcare that already exist and that medical-based institutions can benefit from.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. trillion in economic benefits by 2030. Companies are investing in renewable energy projects and implementing energy-efficient technologies and practices.

Reporting 90

Reporting Internet of Things Cost-Benefit Data-driven 90

AWS Big Data

MAY 16, 2024

In our increasingly interconnected world, where every step we take, every location we visit, and every event we encounter leaves a digital footprint, the volume and complexity of geospatial data are expanding at an astonishing pace. To learn more details about their benefits, see Introduction to Spatial Indexes.

Data Warehouse 108

Data Warehouse Visualization Cost-Benefit Optimization 108

Smart Data Collective

SEPTEMBER 16, 2022

They are using big data technology to offer even bigger benefits to their fintech customers. The use of artificial intelligence technologies allows for improving the quality of service and minimizing costs. Benefits of Decentralized Finance: Transparency. Cost optimization. Benefits of Big Data: Customer focus.

Finance 115

Finance Unstructured Data Cost-Benefit Big Data 115

Smart Data Collective

JULY 19, 2021

When you decide to relocate or broaden your data center, you need to take into account the costs, operational capability, and security. Benefits Of Data Center Colocation. Risk Management. This is probably the second most adored benefit of data center colocation solutions. And of course, it comes at a certain price.

Cost-Benefit 129

Cost-Benefit Risk Management Risk Consulting 129

AWS Big Data

FEBRUARY 1, 2024

Trade quality and optimization – In order to monitor and optimize trade quality, you need to continually evaluate market characteristics such as volume, direction, market depth, fill rate, and other benchmarks related to the completion of trades. The solution should be scalable, cost-efficient, and straightforward to adopt and operate.

Data Warehouse 123

Data Warehouse Dashboards Risk Management Risk 123

Ontotext

APRIL 6, 2023

More and more companies are using them to improve a variety of tasks from product range specification and risk analysis to supporting self-driving cars. This allows companies to model and optimize the interactions between the various computers that make a car run, ensuring everything is operating in sync to meet the desired specifications.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

OCTOBER 13, 2022

More than just generic tweaks to the application stack or a simple lift-and-shift initiative, true app modernization involves holistic process improvements and optimizing the application mix for quantifiable business outcomes. Modernizing the application estate through cloud migration is a key part of any digital transformation strategy.

Cost-Benefit 101

Cost-Benefit Data-driven Optimization Digital Transformation 101

IBM Big Data Hub

NOVEMBER 29, 2023

Creating synthetic test data to expedite testing, optimization and validation of new applications and features. Exploring “what-if” scenarios or new business events using synthetic data synthesized from agent-based simulations. Using synthetic data to prevent the exposure of sensitive data in machine learning algorithms.

Metrics 81

Metrics Machine Learning Statistics Risk 81

IBM Big Data Hub

NOVEMBER 24, 2023

While rebuild results in maximum benefit, there is a need for high degree of investment, whereas rehost is about moving applications and data as such to cloud without any optimization and this requires less investments while value is low. Generative AI also helps generate use cases based on code insights and functional mapping.

Cost-Benefit 90

Cost-Benefit Testing Data-driven Enterprise 90

CIO Business Intelligence

MAY 9, 2023

Others conducted apples-to-apples comparisons of public cloud versus on-premises costs. You might even operate out of a colo facility for the benefits cloud adjacency affords you in reducing latency. Workload placement is based on several factors, including performance, latency, costs, and data governance rules, among other variables.

ROI 110

ROI Cost-Benefit KPI Uncertainty 110

IBM Big Data Hub

JANUARY 18, 2024

Chatbot benefits for customers Your customers enjoy numerous benefits, many of which also benefit your company in return. Benefits for your company AI chatbots respond quickly, accurately process natural human language and automate personalized experiences, offering numerous benefits and new opportunities to your organization.

Cost-Benefit 87

Cost-Benefit Interactive Sales Insurance 87

Smart Data Collective

JUNE 3, 2021

The most obvious benefit of AI in the life insurance sector pertains to actuarial analysis. Banks and insurance firms are deriving high benefits from AI in customer engagements, yet the initiatives are not scaled,” the report states. A growing number of AI features are proving to be tremendously beneficial for life insurance companies.

Insurance 98

Insurance Machine Learning Cost-Benefit Risk 98

Smart Data Collective

SEPTEMBER 30, 2021

Drought Risk Assessment and Prediction. With climate change on the rise, more severe weather events such as drought are becoming more prevalent. Overall, droughts have cost the world $1.5 Overall, droughts have cost the world $1.5 Optimization of Electric Vehicle Charging.

Machine Learning 120

Machine Learning Cost-Benefit Optimization Forecasting 120

AWS Big Data

DECEMBER 21, 2023

smava’s Data Platform team faced the challenge to deliver data to stakeholders with different SLAs, while maintaining the flexibility to scale up and down while staying cost-efficient. The following diagram shows the high-level data platform architecture before the optimizations.

Data Lake 89

Data Lake Data Warehouse Data-driven B2B 89