CIO Business Intelligence

JUNE 12, 2024

For some organizations, shifting to the cloud has been a relatively quick race toward highly publicized benefits, such as scalability. Following the merger, the energy company began its digital transformation by unifying the three networks under one ERP system, SAP, with plans to eventually evolve to SAP’s S/4HANA SaaS-based model.

Digital Transformation 102

Digital Transformation Cost-Benefit Forecasting Marketing 102

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 279

Advertising Cost-Benefit Marketing Risk 279

CIO Business Intelligence

APRIL 24, 2023

Generative AI (Artificial Intelligence) and its underlying foundation models represent a paradigm shift in innovation, significantly impacting enterprises exploring AI applications. These foundation models are trained on vast amounts of data. The model can then predict or classify new, previously unseen data.

Enterprise 52

Enterprise Deep Learning Modeling Machine Learning 52

FineReport

APRIL 26, 2023

Cost Savings : Big data tools such as FineReport , Hadoop, Spark, and Apache can assist businesses in saving costs by storing and handling huge amounts of data more efficiently. For example, a computer manufacturing company could develop new models or add features to products that are in high demand.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

CIO Business Intelligence

FEBRUARY 26, 2024

There simply aren’t enough people with the right skills, and at the right cost within a single location, to support the innovation and operational demands of a modern organization. Many global technology leaders continue to struggle to find a balance between cost efficiencies, team productivity, and the human aspects of employment.

Cost-Benefit 88

Cost-Benefit Measurement Modeling Strategy 88

O'Reilly on Data

SEPTEMBER 19, 2023

.” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” And harder to sell a data-related product unless it spoke to Hadoop.

Machine Learning 256

Machine Learning Testing Modeling Cost-Benefit 256

BizAcuity

MAY 10, 2022

Despite cost-cutting being the main reason why most companies shift to the cloud, that is not the only benefit they walk away with. While that allows easy access to users, and saves costs, the cloud is much more and beyond that. The primary benefit is cost-savings over using multiple physical computers.

Data-driven 52

Data-driven IoT Unstructured Data Data Lake 52