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. leading to poor performance and high cost.

Optimization 111

Optimization Cost-Benefit Consulting Strategy 111

IBM Big Data Hub

APRIL 25, 2023

Now, let’s chat about why data warehouse optimization is a key value of a data lakehouse strategy. Read our blog on solving today’s challenges with a lakehouse architecture Value of data warehouse optimization Since its introduction over a century ago, the gasoline-powered engine has remained largely unchanged.

Optimization 57

Optimization Strategy Data Warehouse Cost-Benefit 57

CIO Business Intelligence

MAY 8, 2024

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. Now, if the model is drifting away, we get alerted automatically, and we fix it.” In the past, anybody could make a mistake easily.

IT 110

IT Cost-Benefit Insurance Unstructured Data 110

DataRobot

AUGUST 27, 2021

These same benefits could also help universities better serve their students and protect their bottom line. A university can use AI to better manage student applications with a machine learning model that can predict whether a prospective student will apply. Individuals who will identify as at-risk students.

Optimization 97

Optimization Cost-Benefit Machine Learning Risk 97

CIO Business Intelligence

DECEMBER 20, 2022

Deploying data and workloads in this model offers the potential for incredible value, including improved agility, functionality, cost savings, performance, cloud security, compliance, sustainability, disaster recovery—the list goes on. Hybrid multicloud has emerged as the new design center for organizations of all sizes.

Optimization 97

Optimization Cost-Benefit Modeling Risk 97

Smart Data Collective

AUGUST 17, 2021

If your workflows are optimized, then you can save staff time, reduce errors, and function more professionally as a whole. Here are some of the top ways to better optimize enterprise workflows with machine learning and data analytics technology. Optimizing workflows is all about being more productive. Make a Plan.

Data-driven 122

Data-driven Optimization Enterprise Cost-Benefit 122

Timo Elliott

FEBRUARY 8, 2023

New cloud platform technologies have unleashed new opportunities for business model innovation. There are already over 1,000 ventilation systems already using the platform, with benefits of up to 40% energy savings (with corresponding cost and CO2 savings, depending on the source energy used).

Modeling 98

Modeling Cost-Benefit Optimization Machine Learning 98

Cloudera

DECEMBER 20, 2022

With the right insights, energy production from renewable assets can be optimized and better predict the future of supply and demand. Organizations working in traditional energy generation will have to adjust costs by improving the efficiency of these plants. Investment is unavoidable, so the question becomes about smart investment.

Optimization 83

Optimization Data Analytics Analytics Cost-Benefit 83

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

Smart Data Collective

MAY 8, 2022

Their skepticism has waned significantly, as they have finally started to discover the countless benefits that big data has to offer for their industry. Verizon Connect has talked at length about the benefits of using big data to streamline many business operations for fleet management. Keep reading to find out.

Optimization 105

Optimization Data Analytics Management Analytics 105

Smart Data Collective

APRIL 20, 2022

A growing number of companies are discovering the benefits of using analytics as part of their telemarketing strategy. Despite the naysayers emphasizing the importance of shifting towards an online marketing model, they realize it is still an incredible method for finding out what your clients need and how to readily speak to them.

Strategy 104

Strategy Optimization Analytics B2B 104

Smart Data Collective

MAY 2, 2019

Big data has been especially important for optimizing their marketing campaigns. It will cost you, but your business will get the publicity you want. Here are some benefits of hiring a local SEO firm for your business: 1. Big data is vital for helping SEO companies identify and rectify inefficiencies in their models.

Big Data 111

Big Data Optimization Modeling Deep Learning 111

IBM Big Data Hub

JULY 25, 2023

Smart grids turn this model on its head. A smart grid is a digital electricity network that supplies power to consumers using interactive two-way communication, enabling automated, advanced energy delivery and a litany of opportunities for consumers to control their electricity use and costs.

Optimization 60

Optimization Technology Measurement Cost-Benefit 60

CIO Business Intelligence

AUGUST 4, 2022

Many companies that begin their AI projects in the cloud often reach a point when cost and time variables become issues. That’s typically due to the exponential growth in dataset size and complexity of AI models. “In But as models and datasets grow, there’s a stifling effect associated with the escalating compute cost and time. “But

Modeling 96

Modeling Cost-Benefit ROI Data Lake 96

Smart Data Collective

JULY 20, 2022

A growing number of businesses use big data technology to optimize efficiency. This illustrates the benefits of combining big data and lean thinking. While there are various interpretations or models to address such problems, Lean Thinking can contribute to the implementation of more optimal projects for a business.

Data-driven 125

Data-driven Optimization Big Data Data Strategy 125

CIO Business Intelligence

APRIL 10, 2024

Inferencing has emerged as among the most exciting aspects of generative AI large language models (LLMs). Crunching mathematical calculations, the model then makes predictions based on what it has learned during training. Inferencing funneled through RAG must be efficient, scalable, and optimized to make GenAI applications useful.

Cost-Benefit 135

Cost-Benefit Modeling Strategy Interactive 135

IBM Big Data Hub

MARCH 27, 2024

As AI technology advances, the need for high-performance, cost-effective and easily deployable solutions reached unprecedented levels. Programming languages like Java have incompatible object models with today’s database-specific data structures and formats. Low infrastructure costs. Infrastructure costs are skyrocketing.

Cost-Benefit 102

Cost-Benefit Data Processing Optimization Modeling 102

CIO Business Intelligence

JUNE 6, 2023

The calculation can be simplified as: ROI = Net benefits / Cost To keep it simple, if for example the cost of a new analytics tool is $1 million and the data team can run 5 projects this year on it, and the average project value is $1 million, the net benefit would be $4 million for an ROI of 400% in the first year.

Optimization 52

Optimization Cost-Benefit ROI Data-driven 52

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 270

Advertising Cost-Benefit Marketing Risk 270

erwin

JANUARY 9, 2020

For decades, data modeling has been the optimal way to design and deploy new relational databases with high-quality data sources and support application development. Today’s data modeling is not your father’s data modeling software. So here’s why data modeling is so critical to data governance.

Data Governance 144

Data Governance Modeling Metadata Unstructured Data 144

Laminar Security

DECEMBER 1, 2023

According to a recent report by IBM , the average cost of a data breach in 2023 was $4.24 DSPM solutions help organizations achieve data security compliance, reduce data breach risks, optimize cloud costs, and improve data quality, all while enabling data-driven innovation. million, the highest it’s been in 17 years.

Modeling 52

Modeling Cost-Benefit Risk Data-driven 52

CIO Business Intelligence

NOVEMBER 27, 2023

On top of that, Gen AI, and the large language models (LLMs) that power it, are super-computing workloads that devour electricity.Estimates vary, but Dr. Sajjad Moazeni of the University of Washington calculates that training an LLM with 175 billion+ parameters takes a year’s worth of energy for 1,000 US households. Not at all.

Risk 132

Risk Cost-Benefit Modeling Optimization 132

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States.

Risk 64

Risk Modeling Machine Learning Data Quality 64

Smart Data Collective

JANUARY 27, 2022

More businesses than ever are transitioning to data-driven business models. Not only will this improve productivity, but it can also lead to cost savings down the road. While this may seem counterintuitive because it requires an extra investment, the benefits often outweigh the costs. What are you waiting for?

Optimization 107

Optimization IT Big Data Cost-Benefit 107

CIO Business Intelligence

JANUARY 10, 2024

Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. Plus, you need to balance the FinOps team’s need for autonomy against the CIO’s need for centralized control to gain economies of scale and avoid runaway costs. Then there’s housekeeping.

Cost-Benefit 124

Cost-Benefit Measurement Optimization Metrics 124

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. There are a number of huge benefits of using data analytics to identify seasonal trends.

Management 118

Management Analytics Predictive Analytics Cost-Benefit 118

CIO Business Intelligence

JUNE 21, 2023

A common but critical challenge I hear from CIOs, CTOs, and CDOs every day is that they have a difficult time helping the C-suite understand that IT is the very architecture for the future of business, not a cost center. Speak their language: Frame your arguments in terms of business outcomes and financial benefits.

Modeling 105

Modeling Cost-Benefit Digital Transformation ROI 105

IBM Big Data Hub

APRIL 22, 2024

“But it’s important to reap these benefits while minimizing the environmental impact. That means making more sustainable choices about how models are built, trained, and used, where processing occurs, what infrastructure is used, and how open and collaborative we are along the way.”

Cost-Benefit 97

Cost-Benefit Modeling Manufacturing Reporting 97

CIO Business Intelligence

JANUARY 22, 2024

According to a recent analysis by EXL, a leading data analytics and digital solutions company, healthcare organizations that embrace generative AI will dramatically lower administration costs, significantly reduce provider abrasion, and improve member satisfaction. The timing could not be better.

Cost-Benefit 105

Cost-Benefit Digital Transformation Data-driven Interactive 105

CIO Business Intelligence

MAY 23, 2022

Enterprises moving their artificial intelligence projects into full scale development are discovering escalating costs based on initial infrastructure choices. Many companies whose AI model training infrastructure is not proximal to their data lake incur steeper costs as the data sets grow larger and AI models become more complex.

Experimentation 137

Experimentation Cost-Benefit Data Lake Data Science 137

CDW Research Hub

AUGUST 23, 2022

Many people are examining the benefits of storage as a service model, but why? The adoption of Storage as a Service (STaaS) is growing rapidly, and many reasons illustrate why businesses are choosing this model. question, check out these three benefits of adopting Storage as a Service (STaaS): 1. Consumption.

Modeling 52

Modeling Cost-Benefit Internet of Things IoT 52

CIO Business Intelligence

OCTOBER 17, 2023

The frenzy created by the public release of OpenAI’s ChatGPT has triggered an arms race among hyperscalers to differentiate themselves by developing their own large language models (LLMs), building platforms that enable enterprises to create generative AI applications, and integrating generative AI throughout their portfolios of service offerings.

Marketing 144

Marketing IT Cost-Benefit Enterprise 144

Smart Data Collective

APRIL 20, 2023

There are many ways businesses are using big data to make better decisions and operate more efficiently Organizations can use big data to optimize expenses and reduce costs. One of the many ways big data is helping companies operate more cost-effectively is through the construction of smart buildings.

Internet of Things 133

Internet of Things Cost-Benefit Big Data Data-driven 133

CIO Business Intelligence

JANUARY 17, 2023

Optimize cloud spend It’s a good time for CIOs to conduct a financial health check on their technology budget. Then, identify opportunities to reduce run costs and free up funds to invest in transformation and new technology capabilities. So your usage and costs should be elastic, expanding and contracting with workload.

Cost-Benefit 138

Cost-Benefit IT Uncertainty Optimization 138

CIO Business Intelligence

NOVEMBER 20, 2023

If you look at the advances we have seen in AI, with the large amounts of data that large language models can process, we can safely hand off various decisions to machines,” says Prasad Ramakrishnan, CIO & SVP of IT at Freshworks. This reduces costs while improving customer experience. AI can help every step of the way.

Sales 131

Sales Cost-Benefit Manufacturing Forecasting 131

CIO Business Intelligence

SEPTEMBER 14, 2023

In a rapidly evolving business landscape, where innovation and cost efficiency are paramount, the launch of VMware Cross-Cloud managed services at VMware Explore 2023 Las Vegas is a pivotal moment. Flexibility: Organizations can now choose the cloud environments that best suit their specific needs.

Management 90

Management Cost-Benefit Optimization ROI 90