CIO Business Intelligence

SEPTEMBER 8, 2022

Gathering and processing data quickly enables organizations to assess options and take action faster, leading to a variety of benefits, said Elitsa Krumova ( @Eli_Krumova ), a digital consultant, thought leader and technology influencer.

Cost-Benefit 108

Cost-Benefit Internet of Things Data-driven Data Lake 108

Smart Data Collective

APRIL 7, 2022

These benefits include the following: You can use data analytics to better understand the preferences of your users and provide personalized product recommendations. Predictive analytics tools use market data to forecast trends and ensure e-commerce companies sell products that will be in demand.

B2B 108

B2B Sales Big Data Cost-Benefit 108

IBM Big Data Hub

JULY 27, 2023

More recently, these systems have integrated advanced technologies like Internet of Things (IoT), artificial intelligence (AI) and machine learning (ML) to enable predictive analytics and real-time monitoring. Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs.

Cost-Benefit 60

Cost-Benefit IoT Internet of Things Enterprise 60

Smart Data Collective

JULY 2, 2019

We have heard experts all over the world talk about the benefits of big data in renewable energy. Better distribution, cost savings, technical improvements and, above all, the optimization of resources are some of the spaces that are opened up thanks to new technologies. Most forecasts indicate that it is going to increase.

Data Analytics 76

Data Analytics Internet of Things Analytics Big Data 76

erwin

JUNE 11, 2020

The travel industry has found enhanced quality and range of products and services to provide travelers, as well as optimization of travel pricing strategies for future travel offerings. These hospitals are making use of dashboards that provide summary information on hospital patient trends, treatment costs, and waiting times.

Key Performance Indicator 103

Key Performance Indicator KPI Data-driven Machine Learning 103

IBM Big Data Hub

FEBRUARY 23, 2024

Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends. Organizations across industries increasingly benefit from sophisticated automation that better handles complex queries and predicts user needs.

Enterprise 105

Enterprise Interactive Data-driven Key Performance Indicator 105

Sisense

MARCH 14, 2021

For starters, the rise of the Internet of Things (IoT) has created immense volumes of new data to be analyzed. These rapidly growing datasets present a huge opportunity for companies to glean insights like: Machine diagnostics, failure forecasting, optimal maintenance, and automatic repair parts ordering.

Big Data 52

Big Data IoT Data Warehouse Data-driven 52

IBM Big Data Hub

JUNE 14, 2023

An innovative application of the Industrial Internet of Things (IIoT), SM systems rely on the use of high-tech sensors to collect vital performance and health data from an organization’s critical assets. Optimize workflows by analyzing data from multiple sources (e.g.,

Manufacturing 77

Manufacturing Technology Internet of Things Cost-Benefit 77

IBM Big Data Hub

MAY 31, 2023

Without due care and attention, things break—regardless of whether that’s a transformer in an electricity grid, an axle bearing on a train or a refrigerator in a restaurant. It is suited to low-cost, non-critical assets that don’t pose safety or operational risks if a run-to-failure strategy is deployed.

Cost-Benefit 97

Cost-Benefit Strategy IoT Internet of Things 97

IBM Big Data Hub

JULY 5, 2023

Planning In the first stage of the asset lifecycle, stakeholders assess the need for a new asset, its projected value to the organization and its overall cost. Read this blog post to explore how digital twins can help you optimize your asset performance. The four stages of ALM 1.

Strategy 57

Strategy Management IoT Cost-Benefit 57

IBM Big Data Hub

JUNE 15, 2023

Here are some of the benefits of effective asset management software: Centralized asset information: Maintenance workers need to know where an asset is and how it’s performing at all times. In order to do this, many use a computerized maintenance management system (CMMS) as part of their overall EAM approach.

Management 73

Management Broadcasting Cost-Benefit IoT 73

IBM Big Data Hub

FEBRUARY 6, 2024

Cloud computing enables organizations to use infrastructure and applications over the internet without installing and maintaining them on-premises or in-house. By implementing a PaaS platform, an organization can avoid the cost, complexity and inflexibility of building and maintaining an on-premises platform.

Cost-Benefit 109

Cost-Benefit Digital Transformation Software Modeling 109

Sisense

MAY 11, 2021

The new architecture requires that data be structured in a dimensional model to optimize for BI capabilities, but it also allows for ad hoc analytics with the flexibility to query clean and raw data. Each step of the above is broken out into a separate transformation to optimize for re-usability, performance, and readability.

Modeling 84

Modeling Big Data IoT Data Warehouse 84

IBM Big Data Hub

JUNE 29, 2023

Digitalization has had a profound impact on the manufacturing sector, enabling businesses to optimize processes, improve quality and reduce costs. Artificial intelligence (AI) One of the most significant benefits of artificial intelligence (AI) in manufacturing is its ability to analyze vast amounts of data in real-time.

Manufacturing 59

Manufacturing Internet of Things Cost-Benefit Digital Transformation 59

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

CIO Business Intelligence

APRIL 12, 2022

Specifically, they’re looking at these areas: Centralized supply chain planning Advanced analytics Reskilling the labor force for digital planning and monitoring In the never-ending hunt for maximum efficiency and cost savings, supply chain digitization correlates closely with smart manufacturing processes. Democratization of data.

IoT 103

IoT Analytics Manufacturing Cost-Benefit 103

Alation

AUGUST 2, 2022

To enjoy the benefits of customer centricity, start by implementing the right habits such as these outlined by Gartner. What Are The Benefits Of Customer Centricity? Explore some additional benefits that a customer centric approach can unlock: Customer Acquisition. Reduce customer acquisition costs.

Strategy 52

Strategy Cost-Benefit Metrics Data Lake 52