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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

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

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The Fellowship of the Metaverse: CIO, CMO, CCO and CHRO

CIO Business Intelligence

Currently, equipment costs are high while comfort is low (even the most hardened gamers need a break after an hour or so fully kitted up), and accessible computing power is nowhere near where it will need to be. Feasibility is perhaps the simplest of these three lenses, as it’s fairly consistent across business types and sizes.

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Cloud Technology Makes Virtual Assistants More Beneficial than Ever

Smart Data Collective

They are discovering the benefits of using the cloud to utilize data and facilitate communications between employees, customers, contractors and other stakeholders. One of the underappreciated benefits of cloud technology is that it makes it easier to work with virtual assistants. Some fo the biggest benefits are listed below.

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India’s advisory on LLM usage causes consternation

CIO Business Intelligence

“Adjustments to release processes, increased transparency, and ongoing monitoring to meet regulatory standards could cause delays and increase operational costs. A stricter examination of AI models may limit innovation and market expansion, potentially resulting in missed opportunities,” Giri said.

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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

It goes without saying that more expensive cars cost more to insure. For instance, the 2000 Honda Civic is the most stolen car in America and the Mitsubishi Mirage (in the 2013-2017 model range) has the most fatal crashes. However, that’s not the only thing insurers look at. Telematics. It’s a win-win situation for both parties.

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What is ITIL? Your guide to the IT Infrastructure Library

CIO Business Intelligence

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

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Pros and Cons of Buying Cryptocurrency with Blockchain ATMs

Smart Data Collective

One of the benefits of new advances in blockchain has been with the development of bitcoin ATMs. Introduced in 2013 , Bitcoin Teller Machines (BTMs) are getting increasingly adopted, and the amount of their physical placements is expected to increase dramatically in the near future. The Pros of Using BTMs. Also Availability.