Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Failure or Delay Risk. Brand Reputation Risk. Competitive Advantage Risk.

Risk 133

Risk Cost-Benefit Risk Management Manufacturing 133

IBM Big Data Hub

JANUARY 19, 2024

Disaster recovery strategies provide the framework for team members to get a business back up and running after an unplanned event. Worldwide, the popularity of disaster recovery strategies is understandably increasing. A disaster recovery strategy lays out how your businesses will respond to a number of unplanned incidents.

Strategy 101

Strategy Cost-Benefit Testing Risk 101

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 89

Strategy Management Forecasting Cost-Benefit 89

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. Unfortunately, the road to data strategy success is fraught with challenges, so CIOs and other technology leaders need to plan and execute carefully. Here are some data strategy mistakes IT leaders would be wise to avoid.

Data Strategy 134

Data Strategy Strategy Unstructured Data Data Governance 134

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services.

Strategy 73

Strategy Cost-Benefit Key Performance Indicator Consulting 73

CIO Business Intelligence

OCTOBER 17, 2023

The cloud market has been a picture of maturity of late. The pecking order for cloud infrastructure has been relatively stable, with AWS at around 33% market share, Microsoft Azure second at 22%, and Google Cloud a distant third at 11%. Here are the top cloud market trends and how they are impacting CIO’s cloud strategies.

Marketing 142

Marketing IT Cost-Benefit Enterprise 142

IBM Big Data Hub

JANUARY 16, 2024

A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes. Why is a strong product development strategy important? Consumers have access to more information than ever to compare products and brands.

Strategy 84

Strategy Cost-Benefit Testing Manufacturing 84

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. Without it, businesses incur steep costs, but the downside, or costs, are often unclear because calculating data management’s return on investment (ROI), or upside, is a murky exercise. Without it, organizations incur a significant opportunity cost.

Strategy 107

Strategy Management Key Performance Indicator ROI 107

datapine

APRIL 21, 2022

Digital transformation of your business is possible when you can use emerging automation, Machine Learning (ML), and Artificial Intelligence (AI) technologies in your marketing. However, when it comes to digital transformation in marketing, there is a larger revolution in how marketers use modern tools and technologies.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

O'Reilly on Data

APRIL 23, 2024

Not to be confused with the ordinary sense of rent as a charge for temporary use of property, economic rents are the income above a competitive market rate that is collected because of asymmetries in ownership, information, or power. But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. It’s not our data.

Advertising 270

Advertising Cost-Benefit Marketing Risk 270

DataKitchen

MAY 10, 2024

It highlights how DataKitchen’s Data Observation solutions equip organizations to enhance their development practices, reduce deployment risks, and increase overall productivity. Each addition or modification poses potential risks that could propagate errors into production environments.

Testing 129

Testing Cost-Benefit Data Quality Dashboards 129

Smart Data Collective

MARCH 23, 2023

Some companies are interested in taking advantage of the benefits of existing AI tools like ChatGPT. The ROI of creating their own AI applications can be massive, but they still need to use them cost-effectively. A study done by Deloitte in late 2022 showed that cost reduction is the top priority for CFOs.

Software 114

Software Strategy Cost-Benefit Testing 114

Cloudera

AUGUST 30, 2022

Data-fuelled innovation requires a pragmatic strategy. The financial sector’s evolution is unleashing myriad demands on firms operating in the market. Streaming market data, news feeds, or sending a budget alert can be introduced to a service without a complete overhaul. Embrace incremental progress.

Strategy 102

Strategy Data Strategy ROI Cost-Benefit 102

O'Reilly on Data

JULY 28, 2020

In this article, we turn our attention to the process itself: how do you bring a product to market? This isn’t always simple, since it doesn’t just take into account technical risk; it also has to account for social risk and reputational damage. Identifying the problem.

Marketing 362

Marketing Experimentation Metrics Testing 362

Smart Data Collective

DECEMBER 15, 2021

Digital marketers work online and leverage online tools to drive sales. They make up an aspect of marketing focused on using the internet and cloud-based technology to promote brands. Marketers all share the same goal: reach the target audience and make more profit. Improved Marketing Campaigns. Increased Customer Growth.

ROI 117

ROI Marketing Data Analytics Analytics 117

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 130

Manufacturing Strategy Cost-Benefit IoT 130

Smart Data Collective

MAY 17, 2023

In most industries, AI is hyped, especially by companies looking to cut costs and minimise risks linked with occupational hazards. And although artificial intelligence is a useful tool that can extend one’s work and capabilities, it must not be included too much in certain sectors, such as marketing.

Marketing 99

Marketing IT B2B Interactive 99

CIO Business Intelligence

JULY 31, 2023

For those companies operating on a calendar year, the end of summer signals the start of annual planning and the mad dash to prepare their IT strategies. Your answers will lay the foundation for your strategy and highlight where your story needs work if you want to avoid fire drills in the eleventh hour. How much will it cost?

Strategy 94

Strategy IT Cost-Benefit Finance 94

IBM Big Data Hub

APRIL 10, 2024

Where and how these applications are deployed will impact time to market and value realization. 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).

Cost-Benefit 99

Cost-Benefit Software Risk Marketing 99

IBM Big Data Hub

JUNE 20, 2023

Here’s what you need to know in order to build a successful strategy. The following are the six stages of asset lifecycle management: Planning: In the first stage of the asset lifecycle, stakeholders assess the need for the asset, its projected value to the organization and its overall cost. What is an asset?

Strategy 79

Strategy Management Cost-Benefit IoT 79

CIO Business Intelligence

APRIL 17, 2024

It encapsulates a transformative shift towards “total monetization” strategies, where businesses increasingly adopt innovative, customer-centric models to ensure sustainable growth. According to Konary, companies’ ability to adapt their monetization strategies to evolving market demands is crucial for achieving sustained and recurrent growth.

Broadcasting 107

Broadcasting Cost-Benefit Strategy Modeling 107

CIO Business Intelligence

FEBRUARY 29, 2024

“Despite economic and political disruptions, offshore and nearshore captive market growth accelerated with many enterprises expanding and setting up new centers,” says Everest Group partner Rohitashwa Agarwal. Captive centers are no longer just means of value creation, providing cost savings and driving process standardization.

Cost-Benefit 107

Cost-Benefit Risk Modeling Strategy 107

Smart Data Collective

MARCH 1, 2022

More companies are using AI technology to automate their social media marketing strategies. We previously mentioned the benefits of using data analytics to make the most of social media marketing. Social media is a highly profitable way to market. It’s arguably the most refined bot on the market today.

Marketing 121

Marketing Data-driven Cost-Benefit ROI 121

Smart Data Collective

SEPTEMBER 12, 2021

One of the biggest benefits of big data has been in the field of investing. Using Big Data to Create a Well Executed Investing Strategy. Most investments have a risk involved and the last thing you want is to lose it without a backup fund. Diversify through Mixed Investments by Using AI Allocation Strategies.

Data-driven 81

Data-driven Strategy Big Data Cost-Benefit 81

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 95

Strategy Data Architecture Cost-Benefit Reporting 95

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. These applications are designed to benefit logistics and shipping companies alike. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

CIO Business Intelligence

AUGUST 1, 2022

Upgrading IT and data security to reduce corporate risk was the No. Without an overall strategy for modernization, companies risk mismanaging their edge-to-cloud data efforts, either overprovisioning, which incurs unnecessary costs, or underprovisioning, which impedes their ability to fully deliver for customers or hit key business goals.

Strategy 87

Strategy Cost-Benefit Risk Management 87

Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 They include; Credit risk assessment. Doing so saves time for the agent and customer and reduces cost. AI in fintech is here to stay.

Marketing 110

Marketing Technology Insurance Machine Learning 110

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. Companies want candidates who can drive innovation, deliver meaningful business results, and work closely with other leaders to manage risks.

Risk Management 133

Risk Management Risk Cost-Benefit Technology 133

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 94

Strategy Risk Enterprise Risk Management 94

Smart Data Collective

MARCH 2, 2023

It helps companies operate more efficiently, tap larger markets of customers, and solve some of their most complex challenges. However, there are even more important benefits of using big data during a bad economy. Big data offers many benefits for companies in any economy. Some of these benefits include the following.

Big Data 81

Big Data Uncertainty Risk Data mining 81

CIO Business Intelligence

OCTOBER 12, 2023

Premium Plus includes access to sustainability insights derived from business processes’ carbon footprints and financial costs (SAP’s “ green ledger ”), new generative AI capabilities accessed through its Joule virtual assistant, improved forecasting, and the ability to create a portal for suppliers to simplify spend management.

Cost-Benefit 121

Cost-Benefit Uncertainty Enterprise Risk 121

FineReport

MAY 9, 2023

A digital marketing report is essential for any business that wants to generate new customers and sales. A successful marketing strategy includes modern business intelligence software and marketing reports that provide detailed data insights. Marketing, sales, and financial management would be impossible without reports.

Reporting 52

Reporting Marketing Advertising Metrics 52

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 129

IT Risk Cost-Benefit Risk Management 129

CIO Business Intelligence

APRIL 4, 2024

The cost of implementing and running AI models can be quite high, so you have to be really careful in assessing the business worthiness of AI use cases,” he says. Webster Bank is following a similar strategy. Production is another area that benefits from AI. “At On-time delivery has improved substantially,” she says.

Enterprise 128

Enterprise Cost-Benefit Forecasting Sales 128

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. Learn more about how to design and implement a data strategy that takes advantage of a hybrid multicloud landscape.

Data Strategy 57

Data Strategy Strategy Business Objectives Data-driven 57

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. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Specific types of sourcing minimize costs in different ways.

Cost-Benefit 87

Cost-Benefit Scorecard Risk Recreation/Entertainment 87