Remove Cost-Benefit Remove Optimization Remove Risk Remove Technology
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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.

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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4 smart technologies modernizing sourcing strategy

IBM Big Data Hub

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits.

Strategy 106
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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. One of the significant advantages of a CCA is the potential for cost reduction.

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LLMOps for Your Data: Best Practices to Ensure Safety, Quality, and Cost

Speaker: Shreya Rajpal, Co-Founder and CEO at Guardrails AI & Travis Addair, Co-Founder and CTO at Predibase

However, productionizing LLMs comes with a unique set of challenges such as model brittleness, total cost of ownership, data governance and privacy, and the need for consistent, accurate outputs. Large Language Models (LLMs) such as ChatGPT offer unprecedented potential for complex enterprise applications.

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Supply Chain Optimization: Business scenarios and architecture

IBM Big Data Hub

Chief Supply Chain Officers (CSCO) and other executives seek to optimize their supply chain by infusing AI, modernizing their technology and addressing sustainability goals. In addition, there can be financial benefits, such as a solution cost savings of 10%, reduced holding costs and improved gross margin return on investment.

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How Svevia connects roads, risk, and refuse through the cloud

CIO Business Intelligence

But today, Svevia is driving cross-sector digitization projects where new technology for increased safety for road workers and users is tested. Since the route optimization came into place, fewer emptyings are required, he notes. This leads to environmental benefits and fewer transports.

Risk 98