Smart Data Collective

MARCH 2, 2023

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. However, there are even more important benefits of using big data during a bad economy.

Big Data 82

Big Data Uncertainty Risk Data mining 82

Smart Data Collective

APRIL 10, 2020

Machine learning is helping companies in every sector optimize their business models. Fortunately, new big data technology can address all of them. Big data has made creating custom accounting software easier than ever. Towards Data Science published a blog post discussing similar research on the topic.

Machine Learning 112

Machine Learning Cost-Benefit Big Data Forecasting 112

O'Reilly on Data

APRIL 19, 2021

During the first weeks of February, we asked recipients of our Data & AI Newsletter to participate in a survey on AI adoption in the enterprise. In our 2020 survey, which reached the same audience, we had 1,239 responses. The second-most significant barrier was the availability of quality data. Respondents.

Enterprise 356

Enterprise Modeling Risk Manufacturing 356

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts are often driven by stakeholder expectations, regulatory requirements and the recognition that sustainable business practices can improve the bottom line. 2 For example, some are turning to software solutions that can more easily capture, manage and report ESG data. trillion to the global economy by 2050.

Reporting 101

Reporting Cost-Benefit Internet of Things Data-driven 101

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. PODCAST: COVID 19 | Redefining Digital Enterprises. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

DataRobot Blog

DECEMBER 7, 2019

We believe the history of player performance and free agent signings from prior years has the predictive power to tell us how this off-season will happen, and we put that data to work through AI (artificial intelligence) and machine learning. To do this, we built a series of models that predict the key outcomes of contract negotiations.

Machine Learning 52

Machine Learning Forecasting Metrics Modeling 52

Smart Data Collective

NOVEMBER 3, 2021

They currently spend just under $4 billion in 2020. In this article, we decided to cover the tendencies in banking loan software in 2022 and give a brief market outlook of AI-driven lending software as a whole. The Deloitte report says that in the second quarter of 2020 the largest 100 banks in the USA reported $103.4

Software 121

Software Data-driven Interactive Insurance 121

IBM Big Data Hub

MAY 6, 2024

For instance, the FDA released guidance in November 2020 titled, “Enhancing the diversity of clinical trial populations.” Optimize protocols using historical and synthetic data Complex and stringent protocols are notorious for delaying clinical trials and eroding patient engagement.

Advertising 57

Advertising Data-driven Optimization Strategy 57

erwin

DECEMBER 3, 2020

As the amount of data grows exponentially, organizations turn to data intelligence to reach deeper conclusions about driving revenue, achieving regulatory compliance and accomplishing other strategic objectives. It’s no secret that data has grown in volume, variety and velocity, with 2.5 New products and services.

Metadata 141

Metadata Data Governance Data-driven Digital Transformation 141

CIO Business Intelligence

AUGUST 25, 2022

As organizations shape the contours of a secure edge-to-cloud strategy, it’s important to align with partners that prioritize both cybersecurity and risk management, with clear boundaries of shared responsibility. But outsourcing operational risk is untenable, given the criticality of data-first modernization to overall enterprise success.

Risk Management 116

Risk Management Internet of Things Risk IoT 116

erwin

OCTOBER 16, 2020

It’s certainly no secret that data has been growing in volume, variety and velocity, and most companies are overwhelmed by managing it, let alone harnessing it to put it to work. quintillion bytes of data every day, and 90% of the world’s data volume has been created in the past two years alone. Where is the data?

Internet of Things 145

Internet of Things Data-driven Uncertainty Data Governance 145

CIO Business Intelligence

OCTOBER 24, 2023

As CIOs prepare for the next wave of digital transformation, they must demonstrate shorter-term business impacts from technology investments and achieve larger innovation goals that evolve the organization’s business model. Gartner’s data suggests that, without executive partnership, as many as 88% of CIOs are primed to fall short.

Digital Transformation 145

Digital Transformation Data-driven Business Objectives Strategy 145

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

SEPTEMBER 3, 2020

Why should you integrate data governance (DG) and enterprise architecture (EA)? Data governance provides time-sensitive, current-state architecture information with a high level of quality. Data governance provides time-sensitive, current-state architecture information with a high level of quality.

Data Governance 144

Data Governance Enterprise Risk Data Lake 144

CIO Business Intelligence

JANUARY 17, 2023

Billion in 2020 and is projected to reach USD 131.68 They, too, are adopting new digital thread technologies, commercializing data more than ever before. Aerospace and Defense 2020 SAP Innovation Awards We celebrated a record number of submissions for the 2020 SAP Innovation Award program.

Technology 98

Technology Manufacturing Digital Transformation Data-driven 98

erwin

JULY 12, 2019

In light of recent, high-profile data breaches, it’s past-time we re-examined strategic data governance and its role in managing regulatory requirements. for alleged violations of the European Union’s General Data Protection Regulation (GDPR). Although the CCPA [California Consumer Privacy Act, the U.S. Complexity.

Data Governance 110

Data Governance Management Metadata Risk Management 110

erwin

NOVEMBER 13, 2020

Data Security & Risk Management. Data Center Consolidation. Data Governance (knowing what data you have and where it is). Data-driven business models and information-fueled business ecosystems provide the basis for new, innovative products and services. Digital Transformation.

Enterprise 131

Enterprise Digital Transformation Key Performance Indicator Data-driven 131

erwin

OCTOBER 8, 2020

So if you’re going to move from your data from on-premise legacy data stores and warehouse systems to the cloud, you should do it right the first time. And as you make this transition, you need to understand what data you have, know where it is located, and govern it along the way. Then you must bulk load the legacy data.

Data Governance 145

Data Governance Metadata Testing Data Lake 145

DataRobot

OCTOBER 19, 2021

On average, DataRobot forecasts had a 21 percent lower rate of error than all other published competing models over a six to eight week period. At the time, much of the available data was limited and inaccurate as a result of forecasting based on traditional—and outdated— epidemiological modeling. reporting backlogs).

Forecasting 98

Forecasting Predictive Modeling Optimization Testing 98

IBM Big Data Hub

JUNE 30, 2022

The rise of data strategy. There’s a renewed interest in reflecting on what can and should be done with data, how to accomplish those goals and how to check for data strategy alignment with business objectives. Luckily, today’s data management approaches aren’t limited by traditional constraints like location or data patterns.

Data Strategy 57

Data Strategy Strategy Business Objectives Data-driven 57

Rita Sallam

APRIL 2, 2023

We explored these questions and more at our Bake-Offs and Show Floor Showdowns at our Data and Analytics Summit in Orlando with 4,000 of our closest D&A friends and family. The first featured analytics and BI platform Gartner Magic Quadrant leaders while the other showcased high interest data science and machine learning platforms.

Optimization 52

Optimization Machine Learning Insurance Risk 52

Smart Data Collective

MARCH 28, 2021

Although there are many benefits of moving to the cloud , this decision is not without its risks. On-premise data centers are highly susceptible to cyberattacks as well. Smart companies are overcoming these challenges by using Microsoft Azure to scale up or down and inspire efficient growth and data security amid the global crisis.

Cost-Benefit 138

Cost-Benefit IoT Internet of Things Data-driven 138

CIO Business Intelligence

APRIL 28, 2022

Right from the start, auxmoney leveraged cloud-enabled analytics for its unique risk models and digital processes to further its mission. Particularly in Asia Pacific , revenues for big data and analytics solutions providers hit US$22.6bn in 2020 , with financial services companies ranking among their biggest clients.

Analytics 98

Analytics Insurance Big Data Uncertainty 98

erwin

JANUARY 30, 2020

I’m excited to share the results of our new study with Dataversity that examines how data governance attitudes and practices continue to evolve. Defining Data Governance: What Is Data Governance? . 1 reason to implement data governance. Constructing a Digital Transformation Strategy: How Data Drives Digital.

Data Governance 145

Data Governance Metadata Cost-Benefit Digital Transformation 145

IBM Big Data Hub

AUGUST 7, 2023

Research conducted by the Tufts Center for Study of Drug Development and presented in 2020 found that 23% of trials fail to achieve planned recruitment timelines 1 ; four years later, many of IBM’s clients still share the same struggle. AI can also empower trial managers and executives with the data to make strategic decisions.

Optimization 62

Optimization Forecasting Data-driven Strategy 62

Cloudera

FEBRUARY 18, 2021

We’ve written about the changes forced on the traditionally risk-averse insurance industry by COVID-19. In 2021, with the crisis hopefully fading, insurance will have time to evaluate the changes made in 2020, assessing what worked and what didn’t, and planning a new way forward rather than reacting in real time. .

Insurance 105

Insurance Digital Transformation Risk Data-driven 105

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. It can apply automated reasoning to extract further knowledge and make new connections between different pieces of data. standards modeled in a knowledge graph!

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

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% y/y based on the most recent data available. [1] 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% and +46.6% and +46.6%

Software 52

Software Marketing Reporting Digital Transformation 52

CIO Business Intelligence

AUGUST 9, 2023

Most CEOs (72%) continue to prioritize digital investments, according to the 2022 CEO Outlook report from KPMG, in part due to concerns about emerging and disruptive technology, a top three risk to organizational growth. Other research confirms the imperatives for engaging in digital transformation.

Digital Transformation 137

Digital Transformation Strategy Data-driven Consulting 137

CIO Business Intelligence

JANUARY 23, 2023

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 risk there — aside from making the internet useless to humans — is that it will pollute the very resource needed to train better AIs.

Enterprise 131

Enterprise Deep Learning Recreation/Entertainment Interactive 131

CIO Business Intelligence

AUGUST 17, 2022

In less than five minutes, you can take hold of useful and relevant information that will help you make more insights-driven decisions over the next six months. Trend #1: Critical nature of data and cyber resilience in the face of increasing cyberattacks. Cybercrime cost U.S. businesses more than $6.9

Enterprise 111

Enterprise Cost-Benefit Snapshot Data-driven 111

erwin

AUGUST 20, 2020

It provides a visual blueprint, demonstrating the connection between applications, technologies and data to the business functions they support. Reduced risks and costs. And thanks to data –our need to store and process it, and the insights it provides – such change is happening faster than ever. Data Governance.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

Rita Sallam

JUNE 2, 2023

We explored these questions and more at our Bake-Offs and Show Floor Showdowns at our Data and Analytics Summit in London with 3,700 of our closest D&A friends and family. We did two Bake-Offs at the Gartner Data and Analytics Summit in London last week. What Data Did We Use? The answer to the first question is: I knew it!!

Optimization 52

Optimization Insurance Machine Learning Risk 52

Smart Data Collective

MARCH 10, 2022

Data analytics is giving us more insights into many of the most pressing challenges that we have faced as a society. More policymakers are using data to make more informed decisions. Analytics Insight shared a list of 10 major ways that big data is changing politics. But what should today’s borrowers really expect?

Data Analytics 102

Data Analytics Analytics Big Data Cost-Benefit 102

DataRobot Blog

MARCH 31, 2022

Although too many stories of embarrassing AI failures are about unfair bias, there’s a more common but less recognized barrier to AI-driven success—many AI systems were not designed for resilience in a world that keeps changing! The AI systems had not been trained on data that included pandemics. A Changing World.

Metrics 52

Metrics Risk Data-driven Modeling 52

IBM Big Data Hub

NOVEMBER 30, 2023

Driven by accelerated hybrid cloud adoption and digital transformation efforts, the region is currently a beacon of innovation and a battleground for cyberthreats. Today, these attacks exhibit an unprecedented level of frequency, ingenuity and speed.

Cost-Benefit 75

Cost-Benefit Digital Transformation Data-driven Strategy 75

Ontotext

MARCH 8, 2023

Gartner predicts that graph technologies will be used in 80% of data and analytics innovations by 2025, up from 10% in 2021. Use Case #1: Customer 360 / Enterprise 360 Customer data is typically spread across multiple applications, departments, and regions. Several factors are driving the adoption of knowledge graphs. million users.

Enterprise 52

Enterprise Knowledge Discovery Risk Data-driven 52