erwin

SEPTEMBER 25, 2020

Understanding the benefits of data modeling is more important than ever. Data modeling is the process of creating a data model to communicate data requirements, documenting data structures and entity types. In this post: What Is a Data Model? Why Is Data Modeling Important? What Is a Data Model?

Modeling 111

Modeling Cost-Benefit Visualization Metadata 111

CIO Business Intelligence

MAY 17, 2022

Even if the AI apocalypse doesn’t come to pass, shortchanging AI ethics poses big risks to society — and to the enterprises that deploy those AI systems. The following real-world implementation issues highlight prominent risks every IT leader must account for in putting together their company’s AI deployment strategy.

Risk 142

Risk Consulting Machine Learning Data Science 142

CIO Business Intelligence

FEBRUARY 29, 2024

Captive centers are no longer just means of value creation, providing cost savings and driving process standardization. As companies have grown comfortable with offshore and nearshore delivery, the captive model offers the opportunity to tap larger populations of lower-cost talent without handing the reins to a third party.

Cost-Benefit 108

Cost-Benefit Risk Modeling Strategy 108

Rocket-Powered Data Science

FEBRUARY 15, 2023

While generative AI has been around for several years , the arrival of ChatGPT (a conversational AI tool for all business occasions, built and trained from large language models) has been like a brilliant torch brought into a dark room, illuminating many previously unseen opportunities. So, if you have 1 trillion data points (g.,

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

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

MAY 30, 2024

Creating new business models Gen AI is also unique in that it can generate useful business models. Plus, it’s used to speed up procurement analysis and insights into negotiation strategies, and reduce hiring costs with resume screening and automated candidate profile recommendations. AI is the future for us,” says Maffei.

Cost-Benefit 111

Cost-Benefit Sales Modeling Experimentation 111

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 82

Cost-Benefit Testing Machine Learning Optimization 82

CIO Business Intelligence

MARCH 5, 2024

India’s Ministry of Electronics and Information Technology (MeitY) has caused consternation with its stern reminder to makers and users of large language models (LLMs) of their obligations under the country’s IT Act, after Google’s Gemini model was prompted to make derogatory remarks about Indian Prime Minister Narendra Modi.

Testing 122

Testing Modeling Cost-Benefit Reporting 122

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

O'Reilly on Data

OCTOBER 22, 2020

Taking the time to work this out is like building a mathematical model: if you understand what a company truly does, you don’t just get a better understanding of the present, but you can also predict the future. Since I work in the AI space, people sometimes have a preconceived notion that I’ll only talk about data and models.

Consulting 297

Consulting Risk Cost-Benefit Modeling 297

DataKitchen

SEPTEMBER 20, 2021

We call this approach “ Lean DataOps ” because it delivers the highest return of DataOps benefits for any given level of investment. The best way to ensure error-free execution of data production is through automated testing and monitoring. Start with just a few critical tests and build gradually.

Testing 246

Testing Metrics Measurement Dashboards 246

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. Subsequent phases are build and test and deploy to production.

Cost-Benefit 90

Cost-Benefit Testing Data-driven Enterprise 90

Cloudera

MARCH 26, 2024

How do you adapt a foundational model to your specific needs? How much is all this really going to cost? Cloudera has had an in-house expertise in Machine Learning and has been helping customers deliver machine learning applications, build ML models, and deliver ML ops for the past decade.

Cost-Benefit 86

Cost-Benefit Machine Learning Enterprise Modeling 86

CIO Business Intelligence

DECEMBER 11, 2023

“This regulation aims to ensure that fundamental rights, democracy, the rule of law and environmental sustainability are protected from high risk AI, while boosting innovation and making Europe a leader in the field,” said the press release issued by European Parliament. It is a myth that the AI Act will hamper innovation.

Risk 109

Risk Testing Insurance Cost-Benefit 109

DataKitchen

JULY 27, 2023

Azure HDInsight: A fully managed cloud service that makes processing massive amounts of data easy, fast, and cost-effective. Data warehousing with Azure Synapse Analytics and Power BI : Data from various sources can be ingested into Azure Synapse Analytics, where it can be transformed and modeled to suit the needs of your analysis.

Machine Learning 130

Machine Learning Cost-Benefit Data Transformation Testing 130

DataKitchen

JUNE 19, 2023

The spiritual benefits of letting go may be profound, but finding and fixing the problem at its root is, as Samuel Florman writes, “ existential joy.” Failures on the Data Journey cost organizations millions of dollars. Our customers start looking at the data in dashboards and models and then find many issues.

Testing 130

Testing Cost-Benefit Metrics Data Quality 130

IBM Big Data Hub

OCTOBER 25, 2023

Hybrid cloud allows them to take advantage of powerful open-source large language models (LLMs), use public data and computing resources to train their own models and securely fine-tune their models while keeping their proprietary insights private. Start small, test and scale.

Cost-Benefit 83

Cost-Benefit ROI Modeling Testing 83

Smart Data Collective

AUGUST 30, 2022

The sudden growth is not surprising, because the benefits of the cloud are incredible. Cloud technology results in lower costs, quicker service delivery, and faster network data streaming. The model enables easy transfer of cloud services between different geographic regions, either onshore or offshore. Testing new programs.

Technology 133

Technology Enterprise Cost-Benefit Testing 133

Cloudera

DECEMBER 19, 2023

In fact, most of the public servants I spoke with were predominantly cautious about the current limitations of generative AI, and underscored the need to ensure that models are used responsibly and ethically. As also expected, most had experimented on their own with large language models (LLM) and image generators.

Optimization 93

Optimization Cost-Benefit Unstructured Data Risk 93

CIO Business Intelligence

JUNE 6, 2024

The overhype of generative AI was unavoidable last year, yet despite all the distraction, unproven benefits, and potential pitfalls, Dana-Farber Cancer Institute CIO Naomi Lenane didn’t want to ban the technology outright. And training an LLM from scratch was too cost prohibitive. But it was a little too flowery for me.

Cost-Benefit 109

Cost-Benefit Software IT Testing 109

CIO Business Intelligence

DECEMBER 19, 2023

Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control. Many technology investments are merely transitionary, taking something done today and upgrading it to a better capability without necessarily transforming the business or operating model.

Digital Transformation 141

Digital Transformation Unstructured Data Machine Learning Risk Management 141

IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

Cost-Benefit 56

Cost-Benefit Risk Management Risk Digital Transformation 56

DataKitchen

AUGUST 8, 2023

Finally, the article states that Data Observability can bring tremendous benefits and time savings by helping IT and business teams be more proactive in their data management and engineering activities. However, there are potential risks and challenges in adopting Data Observability. Are problems with data tests? Did it fail?

Data Quality 130

Data Quality Testing Snapshot Reporting 130

CIO Business Intelligence

MAY 9, 2023

When deciding which modernization path to take, some companies choose to scrap their mainframe, a costly endeavor that increases the risk of downtime and sacrifices its powerful benefits. Without, it can create security and compliance risks—and be difficult to maintain. Success hinges on development support.

Cost-Benefit 89

Cost-Benefit Software Digital Transformation Risk 89

Jen Stirrup

FEBRUARY 24, 2024

Artificial Intelligence revolutionizes large and small businesses with automation, data analysis, and improved customer experiences, offering cost savings and a competitive edge. Artificial Intelligence is transforming industries and everyday lives, but how can it benefit small businesses? What is AI?

Cost-Benefit 71

Cost-Benefit Data-driven Testing Sales 71

Smart Data Collective

AUGUST 9, 2022

The risk of data breaches is rising sharply. Cybersecurity experts are using data analytics and AI to identify warning signs that a firewall has been penetrated, conduct risk scoring analyses and perform automated cybersecurity measures. They can take advantage of the benefits of Agile to create data-driven cybersecurity solutions.

Big Data 110

Big Data Technology Testing Cost-Benefit 110

Decision Management Solutions

APRIL 23, 2019

, in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate. Let’s dive into greater detail on the second lever – Manage Risk Better. Insurers can also manage risk more effectively through continuous improvement.

Insurance 69

Insurance Risk Technology Management 69

IBM Big Data Hub

NOVEMBER 29, 2023

With the emergence of new advances and applications in machine learning models and artificial intelligence, including generative AI, generative adversarial networks, computer vision and transformers, many businesses are seeking to address their most pressing real-world data challenges using both types of synthetic data: structured and unstructured.

Metrics 81

Metrics Machine Learning Statistics Risk 81

IBM Big Data Hub

FEBRUARY 13, 2024

This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Generative adversarial networks (GANs) or variational autoencoders (VAEs) are used for images, videos, 3D models and music. Autoregressive models or large language models (LLMs) are used for text and language.

Enterprise 118

Enterprise Modeling Testing Data-driven 118

CIO Business Intelligence

JUNE 28, 2023

Belcorp operates under a direct sales model in 14 countries. As Belcorp considered the difficulties it faced, the R&D division noted it could significantly expedite time-to-market and increase productivity in its product development process if it could shorten the timeframes of the experimental and testing phases in the R&D labs.

Digital Transformation 86

Digital Transformation Cost-Benefit Informatics Data mining 86

CIO Business Intelligence

NOVEMBER 6, 2023

However, while cloud computing offers benefits like improved efficiency, scalability, and accessibility, it poses new security challenges. A Defense in Depth strategy is essential because it helps businesses stay ahead of these risks by implementing multiple lines of defense.

Risk 125

Risk Measurement Cost-Benefit Strategy 125

CIO Business Intelligence

SEPTEMBER 7, 2023

That’s why, around the world, governments and the defense industry as a whole are now investing and exploring generative artificial intelligence (AI), or large language models (LLMs), to better understand what’s possible. The second challenge is managing new risks, which stem primarily from the threat of misinformation.

Unstructured Data 105

Unstructured Data Cost-Benefit Risk Data-driven 105

CIO Business Intelligence

JUNE 9, 2023

It’s a time-tested truth: Getting a head start improves outcomes. 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

IBM Big Data Hub

NOVEMBER 6, 2023

With 89% of digital businesses investing in personalization to enhance the customer digital experience , those that fail to do so risk falling behind. To ensure uptake of products, service providers must have the appropriate tech tools to help SMBs understand the value of these products and to help with testing and implementation.

Cost-Benefit 102

Cost-Benefit Enterprise ROI Data Warehouse 102

O'Reilly on Data

JULY 28, 2020

Product Managers are responsible for the successful development, testing, release, and adoption of a product, and for leading the team that implements those milestones. You must detect when the model has become stale, and retrain it as necessary. The Core Responsibilities of the AI Product Manager. The AI Product Development Process.

Marketing 362

Marketing Experimentation Metrics Testing 362

Smart Data Collective

MARCH 23, 2022

There are a lot of benefits of utilizing AI technology in the automotive sector. Many companies are using AI to create more energy efficient and cost-effective vehicles. Although there are many benefits of embedding AI in these cars, one of the biggest selling points is that it makes vehicles safer.

IoT 108

IoT Internet of Things Testing Cost-Benefit 108

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