Smart Data Collective

SEPTEMBER 11, 2020

An article in CISCOMAG talks about the benefits of using AI in improving network security. The number of IoT devices is projected to skyrocket from 10 billion to 64 billion between 2018 and 2025. AI will also employ cost-effectiveness in developing and maintaining networking systems. Growing Importance of AI in Networking.

Technology 97

Technology IoT Internet of Things Cost-Benefit 97

Smart Data Collective

JULY 25, 2019

The Global Data Protection Regulation (GDPR) was enacted in May 2018. Since all companies that cater to European consumers must abide by these regulations, consumers outside of the European Union can still benefit from them when accessing global websites. Consumers need to be aware of the risks and take appropriate measures.

Risk 80

Risk Cost-Benefit Data Processing Measurement 80

BizAcuity

JULY 26, 2021

According to the 2019 report by Flexera enterprises with a hybrid strategy grew to 58% in 2019 from 51% in 2018. Reduced costs . Improved security and risk management. Hybrid cloud computing aids businesses with crucial control on their data and improving security by reducing the potential risk of data disclosure.

IT 52

IT Cost-Benefit Data Processing Risk 52

Smart Data Collective

NOVEMBER 6, 2019

Data from water delivery and sewer systems : Cities increasingly rely on data to automate wastewater treatment plants and plan green wastewater retention sites based on areas with the highest risk of flooding during major storms. Some of the measures saved the city as much as $1,200 per ton of CO2. Who Are Smart Cities For?

Cost-Benefit 79

Cost-Benefit Measurement Modeling Technology 79

datapine

OCTOBER 21, 2020

In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. We will then look at 18 big data examples in healthcare that already exist and that medical-based institutions can benefit from.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Cloudera

AUGUST 6, 2018

Only 3 years later, in 2018 the organization has received a total of 75 million messages. For example, researchers from Berkeley used mobile data to predict poverty and wealth of individuals or microregions in Rwanda at a time when measuring poverty in Africa remains a challenge.

Machine Learning 49

Machine Learning Internet of Things Cost-Benefit Data-driven 49

AWS Big Data

DECEMBER 8, 2023

Users could now assess risk, profitability, and cross-sell opportunities not only for piecemeal divisions or products, but also globally for the business as a whole. This means that workloads can be isolated to individual clusters, allowing for a more streamlined schema design, WLM configuration, and right-sizing for cost optimization.

Data Warehouse 69

Data Warehouse Cost-Benefit KPI Risk 69

O'Reilly on Data

APRIL 5, 2023

In 2018, Reuters reported that Amazon had scrapped an AI recruiting tool that had developed a bias against female applicants. The bat, he tells us, costs a dollar more than the ball. How much does the ball cost? What are the benefits and who benefits?’” As human beings, we tend to favor simple solutions.

Cost-Benefit 275

Cost-Benefit Data-driven Measurement Visualization 275

Smart Data Collective

MAY 17, 2021

A mission-critical task like maintenance can be relegated to proactive measures thanks to a steady flow of performance data. What’s more, the same technology can be used for other measures, like monitoring assets and goods, which cuts down on fraud and theft. billion in 2018. Organizations have already realized this.

Big Data 101

Big Data Cost-Benefit IoT Machine Learning 101

IBM Big Data Hub

OCTOBER 16, 2023

While the US doesn’t have a single data privacy law at the federal level, the California Consumer Privacy Act of 2018 is one of the most ambitious data privacy legislation ever enacted in the US, much like European Union’s GDPR. This choice impacts regulatory compliance and mitigates potential risks.

Cost-Benefit 74

Cost-Benefit Data Governance Risk Data-driven 74

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

Based on the decisions being made and how quickly plans can adjust to new forecast updates, what is the cost of forecasting too high or too low? If the costs of prediction error are asymmetric (e.g. What is the reduction in cost of a forecast that was improved by human intervention? 95th percentile).

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

IBM Big Data Hub

FEBRUARY 9, 2024

Prior to the current hype cycle, generative machine learning tools like the “Smart Compose” feature rolled out by Google in 2018 weren’t heralded as a paradigm shift, despite being harbingers of today’s text generating services. Here are some important current AI trends to look out for in the coming year.

Cost-Benefit 108

Cost-Benefit Modeling Data-driven Enterprise 108

O'Reilly on Data

MAY 11, 2020

Regardless of how we think of ourselves, humans aren’t terribly good at trading off short-term stimulus against long-term benefits. YouTube’s algorithm was measuring what kept viewers there the longest, not what they wanted to see, and feeding them more of the same. In a highly specific, short-term sense, possibly.

Modeling 190

Modeling Advertising Recreation/Entertainment Metrics 190