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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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Generative AI is electrifying. Charge ahead or get shocked.

CIO Business Intelligence

But today, every customer and prospect I speak with is thinking about how generative AI (GenAI) can benefit their business. Enterprises are racing to provide this human level of interaction with their customers. Chet successfully took Apigee public before the company was acquired by Google in 2016. The bottom line?

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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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Microsoft’s latest OpenAI investment opens way to new enterprise services

CIO Business Intelligence

Microsoft stands to benefit from its investment in three ways. As OpenAI’s exclusive cloud provider it will see additional revenue for its Azure services, as one of OpenAI’s biggest costs is providing the computing capacity to train and run its AI models. That app, Microsoft Designer , is currently in closed beta test.

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Big Data Creates Massive Changes for the Game of Golf

Smart Data Collective

The objective of this cheaper golf simulator cost was to help golf be more accessible to fans and also to help golfers improve their game through data all over the world. A study was held in 2016 that saw Big Data come into the scene. Other than direct benefits to the player, technology has also led to the golf grounds improvement.

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Data Privacy in the Digital Age: A Right or a Luxury?

Smart Data Collective

The current digital economy runs on our data, and allowing these companies to collect it and process it for their benefit seems to be the cost of entry. In 2016, the European Union adopted the GDPR – General Data Protection Regulation – which sets the standards for personal data protection.

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PODCAST: COVID19 | Redefining Digital Enterprises – Episode 6: The Impact of COVID-19 on Supply Chain Management

bridgei2i

It is even more essential now that supply chains are empowered with a high standard of data and analytics sophistication to be able to cost-effectively serve the company’s purpose and combat risks at the same time. And I’m sure our listeners will benefit from this. Anushruti: Perfect. Love the simile, by the way.