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The Java migration imperative: Why your business should upgrade now

CIO Business Intelligence

The downside here is that while an application may run well enough on older versions, businesses with upgrade inertia are leaving themselves both vulnerable to the pitfalls of old software and unable to tap into the cost savings and improved performance that can better position them for success in competitive markets.

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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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CarMax drives business value with GPT-3.5

CIO Business Intelligence

First-mover AI benefits CarMax’s IT leaders and IT staff were experimenting with OpenAI’s GPT-3.x As a pioneer, CarMax is reaping the early benefits of what will likely be a major business driver across the globe, one analyst says. “As Mohammed started the cloud journey and digital transformation when he became CIO of CarMax in 2014.

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Developments in AI and IMF Positions Can Make Bitcoin Legally Tender

Smart Data Collective

We have discussed some of the benefits of AI technology in mainstream financial sectors like banking. Before we get into the details of the potential benefits of AI in the bitcoin market, we would like to explore the new position of the IMF. In July 2014, the IMF itself recognized Bitcoin as a “convertible virtual currency.”

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The current state of data storytelling and its analytical requirements

BI-Survey

T he ultimate goal of data-driven decision support is to gain tangible benefits from analytics. The value of information and how it is used to save costs (e.g., Compared to BARC’s 2014 survey on Information Culture, a greater proportion of respondents in 2016 agreed with all but one of the statements in Figure 1.

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12 famous ERP disasters, dustups and disappointments

CIO Business Intelligence

The company was forced to develop new processes to keep information flowing around the business, and hire a third-party consultant to sort out the ERP system at a cost of $3.8 Attributing an exact cost to the ERP failure is difficult, as the company faced additional challenges from a poor avocado harvest in Mexico around the same time.

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The New Normal for FP&A: Scenario Planning

Jedox

It’s about the preparation for a range of possible outcomes, the likelihood of each outcome, and developing corresponding strategies to maximize the long-term benefit. The oil collapse of 2014 is another example of the importance of scenario planning. Think about the organizations that didn’t and were negatively impacted.