Smart Data Collective

FEBRUARY 14, 2023

Businesses around the world spent over $545 billion on cloud technology last year. 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? An estimated 94% of enterprises rely on cloud computing.

Risk 97

Risk Cost-Benefit Software Technology 97

Smart Data Collective

AUGUST 30, 2022

The market for cloud technology is booming. The sudden growth is not surprising, because the benefits of the cloud are incredible. Enterprise cloud technology applications are the future industry standard for corporations. Cloud technology results in lower costs, quicker service delivery, and faster network data streaming.

Technology 133

Technology Enterprise Cost-Benefit Testing 133

Ontotext

FEBRUARY 26, 2024

If one can figure out how to effectively reuse rockets, just like airplanes, the cost of access to space will be reduced by as much as a factor of a hundred.” ” Elon Musk SpaceX succeeded in building reusable rockets, drastically reducing the cost of sending them into orbit or taking astronauts to the International Space Station.

Technology 52

Technology Cost-Benefit Data-driven Metadata 52

CIO Business Intelligence

DECEMBER 19, 2023

Their steady income stream and relatively low risk compared to equities make them an especially important component of pension and retirement planning. Each type of issuer presents a different level of risk and tax treatment. Bonds are issued by different entities such as governments, municipalities, and corporations.

Risk 52

Risk Cost-Benefit Unstructured Data Data-driven 52

CIO Business Intelligence

APRIL 4, 2024

Amazon’s technology is present in 130 third-party locations, the company said, which will be unaffected by the move to the Dash Cart in the company’s own stores. Just walk out” will remain available in the company’s smaller Amazon Go stores in the UK, and to third-party customers that use the technology.

Technology 52

Technology IT Cost-Benefit Sales 52

CIO Business Intelligence

AUGUST 16, 2023

But today, Svevia is driving cross-sector digitization projects where new technology for increased safety for road workers and users is tested. This leads to environmental benefits and fewer transports. Digital alerts Another project deals with slow-moving vehicles, something that increases the risk of accidents on the roads.

Risk 92

Risk Cost-Benefit Digital Transformation Internet of Things 92

O'Reilly on Data

APRIL 23, 2024

The answer can be found in the theory of economic rents, and in particular, in the kinds of rents that are collected by companies during different stages of the technology business cycle. But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. What Is Economic Rent? They start to collect robber baron rents.

Advertising 252

Advertising Cost-Benefit Marketing Risk 252

Smart Data Collective

JUNE 28, 2022

The growth of smart technology is one of the most beneficial trends brought on by advances in AI. Smart technology is also being used by businesses and government institutions around the world. Many factors are driving the demand for smart technology. Fortunately, data scalability has made smart technology more accessible.

Technology 109

Technology Cost-Benefit Consulting Data-driven 109

CIO Business Intelligence

MARCH 6, 2024

Operational technology (OT) organizations face increasing challenges when it comes to cybersecurity. continues to roll out, the internet of things (IoT) is expanding, and manufacturing organizations are using the latest technologies to scale. Attacks against OT systems pose risks beyond financial losses. As Industry 4.0

ROI 121

ROI Manufacturing Cost-Benefit IoT 121

IBM Big Data Hub

APRIL 10, 2024

Organizations must keep up with the technology of today so they can innovate and satisfy the ever-changing needs of the customers. Many organizations have disappeared from the technology map because of failing to adapt and adopt innovation quickly. For example, the cost of the technical debt in US was $1.52 trillion in 2022.

Cost-Benefit 95

Cost-Benefit Software Risk Marketing 95

Smart Data Collective

AUGUST 9, 2022

The risk of data breaches is rising sharply. Fortunately, new technology can help enhance cybersecurity. Big data technology is becoming more important in the field of cybersecurity. However, Agile technology defies this rule of thumb, especially when developers leverage big data effectively. Categorizing data.

Big Data 111

Big Data Technology Testing Cost-Benefit 111

Smart Data Collective

OCTOBER 13, 2021

The market for AI technology is growing remarkably. While marketing remains relevant and essential, AI technology provides endless opportunities that create a massive edge between you and your competitors. AI technology helps businesses respond to change and new business opportunities effectively. Leverage innovation.

Technology 121

Technology Cost-Benefit Experimentation Machine Learning 121

Smart Data Collective

SEPTEMBER 29, 2022

AI has become one of the most important gamechangers for businesses and customers relying on mobile technology. This is one of the reasons companies are spending over $328 billion on AI technology. However, we haven’t discussed the benefits of using AI to distribute apps through app marketplaces in as much detail.

Technology 125

Technology Advertising Cost-Benefit Publishing 125

CIO Business Intelligence

DECEMBER 19, 2023

Portland Opportunities Industrial Center and Rosemary Anderson High School (POIC + RAHS) has a long name, but a simple, powerful mission: helping at-risk youth and adults be safe and successful. And Verizon field personnel provide expertise and assistance that help the organization get the most impact and value from Verizon technology.

Risk 52

Risk Cost-Benefit Data Processing Technology 52

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Let’s dive into greater detail on the second lever – Manage Risk Better.

Insurance 69

Insurance Risk Technology Management 69

Smart Data Collective

JUNE 2, 2022

Cloud technology is becoming an increasingly important part of modern business. One of the biggest reasons cloud technology is becoming important is that it is helping companies make e-procurement possible. This is all made possible with cloud technology. E-procurement technology gives you an opportunity to enhance your ROI.

Technology 119

Technology ROI Cost-Benefit Forecasting 119

CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. Continuous and dependable funding facilitates IT leaders’ ability to deliver leading-edge technology solutions while not increasing technical debt. How does persistent funding reduce risk?

Modeling 119

Modeling Cost-Benefit IT ROI 119

IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 75

Risk Modeling Management Metadata 75

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 145

Risk Consulting Machine Learning Data Science 145

Smart Data Collective

SEPTEMBER 7, 2021

Technologies became a crucial part of achieving success in the increasingly competitive market, including big data and analytics. Top technologies helping organisations accomplish business goals. Here’s a brief overview of the top benefits it brings: A better understanding of the customer. Source: Statista.

Big Data 124

Big Data Technology Cost-Benefit Predictive Analytics 124

John Wheeler

APRIL 16, 2021

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. This exploration includes a review of current customer case stories from over 40 IRM technology providers that highlight the innovative uses of their products.

Risk Management 59

Risk Management Risk Management Internet of Things 59

CIO Business Intelligence

DECEMBER 14, 2023

AI can help with all of these challenges via manufacturing-specific use cases that benefit manufacturers, their employees, and their customers. Process optimization In manufacturing, process optimization that maximizes quality, efficiency, and cost-savings is an ever-present goal. Here’s how.

Manufacturing 140

Manufacturing Cost-Benefit Unstructured Data Optimization 140

CIO Business Intelligence

JUNE 2, 2022

Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. Almost 33% of respondents claim that machine learning can lead to improved customer experience. 5G aids customer service.

Predictive Analytics 145

Predictive Analytics Technology Analytics Machine Learning 145

Smart Data Collective

MARCH 27, 2020

With the technology available today, there’s even more data to draw from. Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Demographics. This includes: Age. This includes: Age. Telematics.

Insurance 107

Insurance Measurement Risk Cost-Benefit 107

Smart Data Collective

APRIL 3, 2022

One of the ways to make money through the use of AI technology is with algorithmic trading. This is a huge market driven by AI technology that is expected to be worth $19 billion by 2024. As AI technology has improved, algorithmic trading has become more effective and given traders the opportunity to realize higher ROIs.

Technology 95

Technology Cost-Benefit ROI Strategy 95

IBM Big Data Hub

MAY 9, 2023

” These large models have lowered the cost and labor involved in automation. But these powerful technologies also introduce new risks and challenges for enterprises. Today, we announced watsonx.ai , IBM’s gateway to the latest AI tools and technologies on the market today. Learn more about watsonx.ai

Enterprise 132

Enterprise Technology Modeling Cost-Benefit 132

CIO Business Intelligence

MARCH 30, 2022

In today’s transformative business environment, emerging technology has a decisive role to play in an organization’s innovations, customer experience and overall success. These technologies can help companies create powerful transformations to drive revenue and outshine the competition. Visualize for Value.

Technology 96

Technology Internet of Things ROI IoT 96

CIO Business Intelligence

APRIL 11, 2024

Digital communications like video and chat, automation and AI, mobility, and so much more are now expected, especially after the pandemic: 94% of state technology leaders agree that COVID increased the demand for digital government services. What are the business benefits of innovation in government? Innovation isn’t just a buzzword.

Cost-Benefit 92

Cost-Benefit Predictive Analytics Data-driven Risk 92

IBM Big Data Hub

AUGUST 1, 2023

Risk-based application patching helps IT pros discover vulnerable apps and automatically patch them based on the criticality of the situation. ” What is risk-based application patching? Modern unified endpoint management (UEM) solutions include laptop management.

Risk 57

Risk Management Machine Learning IoT 57

Smart Data Collective

MAY 10, 2022

One of the critical industries AI is making strides in is the financial technology “fintech” industry. For example, banks now apply AI to assess credit risks with high accuracy. They include; Credit risk assessment. Doing so saves time for the agent and customer and reduces cost. Cybersecurity.

Marketing 109

Marketing Technology Insurance Risk 109

CIO Business Intelligence

JANUARY 20, 2023

To adapt to this new “new normal,” organizations will need to reinforce their workforces with technologies that can keep pace. Companies benefit by keeping or acquiring geographically-dispersed top talent often attracted to a flexible work environment. Additionally, VDI can reduce operational costs in two ways.

Technology 56

Technology Cost-Benefit Deep Learning Modeling 56

Smart Data Collective

MARCH 2, 2023

Big data technology used to be a luxury for small business owners. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology.

Big Data 81

Big Data Uncertainty Risk Data mining 81

Smart Data Collective

DECEMBER 9, 2021

It’s no secret that big data technology has transformed almost every aspect of our lives — and that’s especially true in business, which has become more tech-driven and sophisticated than ever. A lot of recent technology, such as cloud computing, automation, and SEO , are already in practice. billion last year. Remote Work.

Technology 123

Technology Big Data Machine Learning Deep Learning 123

Smart Data Collective

SEPTEMBER 11, 2020

Savvy technology evangelists recognize the importance of AI in the 21 st Century, especially as Internet technology continues to evolve. An article in CISCOMAG talks about the benefits of using AI in improving network security. IoT is the technology that enhances communication by connecting network devices and collecting data.

Technology 97

Technology IoT Internet of Things Cost-Benefit 97

CIO Business Intelligence

APRIL 25, 2024

There is a promising surge in the use of AI technologies across various industries. This transition has propelled AI and machine learning to the forefront, with 51% of CIOs identifying these technologies as among their most urgent priorities, alongside cybersecurity, highlighting their crucial role in driving organizational success.

ROI 106

ROI Cost-Benefit Machine Learning Technology 106

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 110

Cost-Benefit Risk Modeling Strategy 110

CIO Business Intelligence

NOVEMBER 14, 2023

“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 144

Strategy Cost-Benefit IT Key Performance Indicator 144