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Gen AI without the risks

CIO Business Intelligence

Developing and deploying successful AI can be an expensive process with a high risk of failure. How can CIOs deliver accurate, trustworthy AI without the energy costs and carbon footprint of a small city? Train overnight when data center demand is low for better performance and lower costs. But do be careful.

Risk 132
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MRO spare parts optimization

IBM Big Data Hub

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0

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Expion Health revamps its RFP process with AI

CIO Business Intelligence

Process automation and improvement is a perennial CIO agenda item, and the call for business process optimization is only getting louder — especially for those processes directly tied to the bottom line. We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.”

IT 111
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Optimizing PCI compliance in financial institutions

CIO Business Intelligence

How can implementing a CCA benefit financial institutions and their various business units in their quest for PCI security compliance? That, in turn, reduces IT cost, the time it takes staff to learn the environment, and the time to market. The architect chooses and orders the patterns available in the portfolio to meet the end goal.

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Understanding the Benefits And Risks Of Relying on AI

Smart Data Collective

As humanity makes more and more progress with AI there is constant debate underway whether AI will turn on us in the future or they will benefit us. Let’s talk about some benefits and risks of artificial intelligence. Benefits of Artificial Intelligence: Reducing human error. Training and operation cost reduction.

Risk 141
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10 cloud strategy questions every IT leader must answer

CIO Business Intelligence

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Without a clear cloud strategy and broad leadership support, even value-adding cloud investments may be at risk. Cloud costs will often — and rapidly — become large line items on budgets.

Strategy 145
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Businesses Must Cope with the Benefits and Risks of Cloud Computing

Smart Data Collective

A growing number of companies are discovering that it offers tremendous benefits, but there are also some downsides to it. What Are the Benefits of Cloud Computing for Businesses? It is becoming increasingly popular among businesses due to its cost-effective nature and scalability.

Risk 97