CIO Business Intelligence

APRIL 12, 2022

By May 2020, up to 70 percent of employees were working from home. In the world of tech, some companies are choosing to forgo a physical office in an effort to reduce costs, but most major tech companies are choosing to retain their office spaces, and for good reason. Benefit: Encourages Team and Culture Building.

Cost-Benefit 96

Cost-Benefit Risk Measurement Modeling 96

Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. billion in 2020. They include; Credit risk assessment. Credit risk assessment entails estimating the probability of a prospective borrower failing to repay a loan. billion to bank fraud in 2021 , up 70% from 2020. Customer Support.

Marketing 110

Marketing Technology Insurance Machine Learning 110

Smart Data Collective

MARCH 28, 2021

Although there are many benefits of moving to the cloud , this decision is not without its risks. Reduced Costs and Downtime. For instance, Azure Digital Twins allows companies to create digital models of environments. Introduction of New Business Models. 2021 is an extension of the uncertain times of 2020.

Cost-Benefit 138

Cost-Benefit IoT Internet of Things Data-driven 138

CIO Business Intelligence

FEBRUARY 14, 2023

Of course, his predecessor knew that too, and so the consolidation of the two SAP systems was under discussion for almost a decade by the time Grayling finally convinced his fellow executives that the cost of consolidation would be less than continuing with separate systems. “It It was easier to do with a strong financial benefit, for sure.”

Data Processing 98

Data Processing Cost-Benefit Testing Modeling 98

Cloudera

AUGUST 3, 2021

January 2020 is a distant memory, but for most, the early days of the pandemic was a time that will be ingrained in memories for decades, if not generations. Consider that e-commerce’s acceleration due to the pandemic saw retailers’ digital sales penetration realize 10 years of growth in just the first three months of 2020 alone. .

Analytics 109

Analytics Digital Transformation Risk Forecasting 109

erwin

AUGUST 20, 2020

Benefits of Enterprise Architecture. Through EA, organizations benefit from a context-rich, top-down and holistic perspective of their structure, including its limitations and potential. Benefits of Enterprise Architecture. The benefits of EA include: Better decision-making. Reduced risks and costs.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

Ontotext

APRIL 6, 2023

Knowledge graphs are changing the game A knowledge graph is a data model that uses semantics to represent real-world entities and the relationships between them. This model is used in various industries to enable seamless data integration, unification, analysis and sharing. standards modeled in a knowledge graph!

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

erwin

JANUARY 30, 2020

The 2020 State of Data Governance and Automation (DGA) report is a follow-up to an initial survey we commissioned two years ago to explore data governance ahead of the European Union’s General Data Protection Regulation (GDPR) going into effect. Top Five: Benefits of An Automation Framework for Data Governance. Stop Wasting Your Time.

Data Governance 145

Data Governance Metadata Cost-Benefit Digital Transformation 145

CIO Business Intelligence

AUGUST 17, 2022

The 2022 KPMG Fraud Outlook report “A Triple Threat Across the Americas” affirmed the increasing challenges; 77% of respondents to the KPMG survey say their cyber risk will grow over the next year. Cybercrime cost U.S. Cybercrime cost U.S. businesses more than $6.9 businesses more than $6.9

Enterprise 110

Enterprise Cost-Benefit Snapshot Data-driven 110

Jet Global

NOVEMBER 23, 2020

In this model, your monthly income is split into the following categories: 50 percent for needs, 30 percent for wants, 20 percent for debts and savings. As a CFO, it is your job to address the financial risk of your business. It is viewed as a burden that costs companies money. Podcasts for the CFO on the Go.

KPI 52

KPI Finance Dashboards Data Processing 52

IBM Big Data Hub

JUNE 23, 2023

Insurers are also struggling with high, mostly fixed costs and the complexities of maintaining legacy systems, which makes current variable cost-based alternatives more attractive. Insurers want to shift from fixed to variable, “pay-as-you-go” operating costs.

Insurance 63

Insurance Cost-Benefit Digital Transformation Marketing 63

CIO Business Intelligence

APRIL 4, 2022

Much of Clean Harbors’ customer data remains on premises in roughly 50 Oracle databases that are integrated with AI ML models through APIs and with RPA bots — a hybrid approach increasingly familiar to IT leaders looking to take strategic advantage of cloud capabilities while also retaining control over key systems and data.

Digital Transformation 98

Digital Transformation Snapshot Cost-Benefit Modeling 98

IBM Big Data Hub

NOVEMBER 30, 2023

IBM’s 2023 Cost of a Data Breach report reveals that the average cost of a data breach in India has increased to an all-time high of INR 179 million in 2023, which is approximately a 28% increase since 2020. These attacks have an exponentially ascending impact on the reputation and bottom line of businesses.

Cost-Benefit 75

Cost-Benefit Digital Transformation Data-driven Strategy 75

IBM Big Data Hub

JULY 11, 2023

Artificial intelligence is used in healthcare for everything from answering patient questions to assisting with surgeries and developing new pharmaceuticals, benefitting both patients and healthcare systems. How does artificial intelligence benefit healthcare? AI can also improve accessibility. According to the U.S.

Deep Learning 61

Deep Learning Cost-Benefit Insurance Machine Learning 61

IBM Big Data Hub

FEBRUARY 2, 2022

In the latest IDC market share report, IBM was ranked #1 in AI Life-Cycle Software , with the largest 2020 market share at 13.7% In the latest IDC market share report, IBM was ranked #1 in AI Life-Cycle Software , with the largest 2020 market share at 13.7% Other benefits mention cost reductions, operational efficiencies and a 6.3%

Software 52

Software Marketing Reporting Digital Transformation 52

Jet Global

JANUARY 6, 2021

There are certainly a number of benefits to making the move to cloud ERP. Also, with the shift to more remote working in 2020 , it’s easier to provide access to critical business software via the cloud than for organizations to manage VPNs and security on their own to support distributed teams.

Cost-Benefit 98

Cost-Benefit Testing Finance Reporting 98

Smart Data Collective

SEPTEMBER 30, 2021

Drought Risk Assessment and Prediction. Overall, droughts have cost the world $1.5 Unfortunately, going through footage manually takes a tremendous amount of time and can delay actions that would benefit local flora and fauna. The United States alone in 2020 produced around 68 million tons of pollution 4.

Machine Learning 121

Machine Learning Cost-Benefit Optimization Forecasting 121

Cloudera

FEBRUARY 24, 2021

Trend #1: The Crossroads of Risk Management and Emerging Technology. One shift the financial services industry will have to come to terms with is the fact that 2020 may have made risk management models of the past outdated or obsolete , particularly credit risk models.

Risk Management 60

Risk Management Risk Recreation/Entertainment Machine Learning 60

Smart Data Collective

MARCH 10, 2022

The biggest benefits relate to using big data to understand voters and create models of voting patterns in various districts. Coupled with higher interest rates and the whopping amount of student debt, the rising cost of education is taking a toll on students’ hopes for their financial futures.

Data Analytics 102

Data Analytics Analytics Big Data Cost-Benefit 102

IBM Big Data Hub

JUNE 30, 2022

While the share of IT spend dedicated to public cloud is expected to decline by 4% between 2020 and 2023, hybrid and multicloud spend is expected to increase up to 17%. Competition plays harder, and every day, new business models and alternatives driven by data and digitalization surface in almost every industry.

Data Strategy 57

Data Strategy Strategy Business Objectives Data-driven 57

CIO Business Intelligence

MARCH 14, 2022

Decisions are often made under some degree of uncertainty; 100% certainty is generally impossible, not necessary, and can be prohibitively expensive in terms of cost or time. So, it follows that there’s an optimal level of data where collecting further information won’t be worth the added cost. I call this point data saturation.

Uncertainty 102

Uncertainty Measurement Cost-Benefit Optimization 102

Domino Data Lab

JULY 28, 2021

There are many software packages that allow anyone to build a predictive model, but without expertise in math and statistics, a practitioner runs the risk of creating a faulty, unethical, and even possibly illegal data science application. All models are not made equal. After cleaning, the data is now ready for processing.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

Cloudera

OCTOBER 21, 2020

Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Along the way, tried and tested models and processes are proving unreliable, triggering an evolution in the insurance industry. COVID-19 COMPLICATIONS AND MORE.

Insurance 72

Insurance Unstructured Data Digital Transformation Cost-Benefit 72

Cloudera

JANUARY 26, 2022

In 1991, the World Wide Web (WWW) launched, and distributed computing in the form of the client-server model started to take shape. As cloud offerings grew, so did the demand for higher agility, speed, and cost efficiency. billion in 2020 and is expected to reach $145 billion by 2026. In 2008, Cloudera was born.

Data Processing 85

Data Processing IoT Cost-Benefit Digital Transformation 85

IBM Big Data Hub

JULY 19, 2023

The industry is under tremendous pressure to accelerate drug development at an optimal cost, automate time- and labor-intensive tasks like document or report creation to preserve employee morale, and accelerate delivery. Supply Chain: Demand forecasting, supply chain optimization, risk assessment and mitigation.

Consulting 66

Consulting Machine Learning Manufacturing Optimization 66

Jedox

OCTOBER 8, 2020

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. Though only twelve years ago, it truly highlighted the difference between possibility and probability and the danger and impact of tail risk.

Uncertainty 75

Uncertainty Cost-Benefit Unstructured Data Data-driven 75

CIO Business Intelligence

JANUARY 23, 2023

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. The deal, announced by OpenAI and Microsoft on Jan.

Enterprise 131

Enterprise Deep Learning Recreation/Entertainment Interactive 131

CIO Business Intelligence

APRIL 19, 2022

million in 2020 to 51.1 The university extends employee benefits to contract workers. They’re in a more reactive mode, using contract and freelance talent reluctantly as a stopgap measure “and not strategically seeing how they can fit in with the workforce model they’re using.”. million in 2021.

IT 98

IT Cost-Benefit Strategy Consulting 98

Smart Data Collective

FEBRUARY 2, 2021

In 2020, the size of the global Big Data market reached 56 billion, and it’s on track to exceed 103 billion by 2027. However, some industries have more to benefit from Big Data than others and have reached impressive milestones because data science and data analytics have helped them streamline their operations. Healthcare.

Big Data 85

Big Data Recreation/Entertainment Cost-Benefit Finance 85

Ontotext

APRIL 21, 2021

In the autumn 2020, one of the ‘Too Big To Fail’ global brands in finance learned a new way to lose a billion dollars in finance. The problem was the left hand had no way of knowing the systemic issues around data governance, risk management and compliance framework. Manage Regulation, Manage Risk.

Metadata 59

Metadata Finance Cost-Benefit Data Quality 59

bridgei2i

JUNE 3, 2020

CTD’s growth over the last two decades was aided by technological innovation and the steady drop of electronics components’ costs, driven by economies of scale. Driving customers to unassisted support can improve customer experience (CX) while reducing costs. Apple launched an iPhone version almost every three months.

Technology 92

Technology Digital Transformation Recreation/Entertainment Manufacturing 92

CIO Business Intelligence

AUGUST 8, 2022

This includes, but is not limited to: Cyber security While digital acceleration provides serious benefits, it’s imperative that your cloud services are secure and protected from cyber threats. The risks can be mitigated however, with a managed firewall, endpoint security, good policies, and user training.

Sales 69

Sales Cost-Benefit Digital Transformation Enterprise 69

Jet Global

JULY 23, 2020

Such tools have benefits beyond this crisis, however. F&A should be monitoring receivables closely, understanding which customers may be at risk, and taking an aggressive stance on collections. Above all, F&A teams should model cash flow scenarios on a regular basis and evaluate potential short, medium, and long-term outcomes.

Uncertainty 95

Uncertainty Finance Cost-Benefit Reporting 95

Smart Data Collective

JULY 2, 2019

We have heard experts all over the world talk about the benefits of big data in renewable energy. One of the greatest challenges facing modern society is turning the page on current energy models. Between 2020 and 2025, it will increase again by 43%, reaching almost 2,000 TWh. Here are some of their findings. ” Conclusion.

Data Analytics 76

Data Analytics Internet of Things Analytics Big Data 76

Jet Global

SEPTEMBER 1, 2020

But the potential for misuse exists if a company charges above or below the market price and transfers profits and costs to other divisions to reduce their tax burden. Weigh The Benefits Of Data Scientists. This article originally appeared in Forbes on August 5, 2020.

Cost-Benefit 69

Cost-Benefit Manufacturing Risk Marketing 69

CDW Research Hub

JANUARY 31, 2020

Everyone from Gartner to ZDNet, and nearly every technology vendor in between, has been busy forecasting the top trends for cybersecurity in 2020. Sirius partners with technology providers like Imperva that can provide platform defense in the cloud, on-premises, or with hybrid models. How app security benefits the organization.

IT 52

IT IoT Cost-Benefit Testing 52

Jet Global

JUNE 22, 2023

It is viewed as a burden that costs companies money. This strategy will help cut costs and give you a competitive edge against your rivals. Recommended Post: [link] As a CFO, it is your job to address the financial risk of your business. Strategize your hiring practices using real-time insights from a headcount ratio model.

KPI 105

KPI Finance Dashboards Digital Transformation 105