IBM Big Data Hub

APRIL 25, 2023

Relational databases were adapted to accommodate the demands of new workloads, such as the data engineering tasks associated with structured and semi-structured data, and for building machine learning models. The rise of cloud object storage has driven the cost of data storage down.

Optimization 57

Optimization Strategy Data Warehouse Cost-Benefit 57

CIO Business Intelligence

JULY 10, 2023

Now, with the infrastructure side of its data house in order, the California-based company is envisioning a bold new future with AI and machine learning (ML) at its core. The company was purchased by Carmax in 2021 for $404 million. The data warehouse is about past data, and models are about future data.

Data Warehouse 98

Data Warehouse Cost-Benefit Unstructured Data Machine Learning 98

erwin

JUNE 7, 2022

Accordingly, data modelers must embrace some new tricks when designing data warehouses and data marts. Data modeling for the cloud: good database design means “right size” and savings. Static over-provisioning or dynamic scaling will run up monthly cloud costs very quickly on a bad design. Machine Learning.

Data Warehouse 52

Data Warehouse Modeling Sales Data Lake 52

CIO Business Intelligence

MAY 11, 2022

Experts estimate that data centers consume approximately 7% of the nation’s total energy, prompting the government to put a ‘temporary pause’ on new data centers in 2021. This results in inflated costs and unwarranted energy consumption. It is now being built into IT consumption models providing capacity-on-demand platforms.

Strategy 98

Strategy Digital Transformation Cost-Benefit Machine Learning 98

Cloudera

AUGUST 30, 2022

Whether it’s the EU’S General Data Protection Regulation (GDPR), China’s Personal Information Protection Law (PIPL) passed in 2021, or state-specific privacy laws in the US, the pressure is on to stay abreast and compliant of multiple regulations across borders. The final step is the choice of the deployment model. Take the first step.

Strategy 104

Strategy Data Strategy ROI Cost-Benefit 104

Cloudera

JANUARY 5, 2023

In the past year, businesses who doubled down on digital transformation during the pandemic saw their efforts coming to fruition in the form of cost savings and more streamlined data management. For example, Singapore’s United Overseas Bank (UOB) used machine learning to operationalize analytics and provide insights to users across the bank.

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

CIO Business Intelligence

MARCH 15, 2022

As the end of 2021 approached, the process of digital acceleration remains in a world turned upside down by a lingering global pandemic. The focal point of the Zero T rust model is that enterprise data needs to be protected at all costs. That said, enjoy reading about what we anticipate you can expect in FY’22!

Software 105

Software Cost-Benefit Digital Transformation Enterprise 105

AWS Big Data

MAY 17, 2023

Credit: Phil Goldstein Jerry Wang, Peloton’s Director of Data Engineering (left), and Evy Kho, Peloton’s Manager of Subscription Analytics, discuss how the company has benefited from using Amazon Redshift. Meanwhile, the company’s subscribers jumped from around 360,000 in 2019 to 2.76 million at the end of 2022.

Data Warehouse 114

Data Warehouse Cost-Benefit Sales Data-driven 114

Smart Data Collective

SEPTEMBER 29, 2022

However, we haven’t discussed the benefits of using AI to distribute apps through app marketplaces in as much detail. In 2021, the number of mobile applications hits around 3 million on Google Play alone, while the App Store has around 3.5 AI technology also helps companies implement more cost-effective marketing strategies.

Technology 126

Technology Advertising Cost-Benefit Publishing 126

Smart Data Collective

MAY 10, 2022

According to fraud detection firm Feedzai, banking fraud attempts soared 159% from the final three months of 2020 to the first quarter of 2021, with the majority performed online. billion to bank fraud in 2021 , up 70% from 2020. If the AI model detects any, it can flag them for further investigation or automatically halt them.

Marketing 110

Marketing Technology Insurance Machine Learning 110

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? Also, that algorithm can be replicated at no cost except for hardware.

Deep Learning 61

Deep Learning Cost-Benefit Insurance Machine Learning 61

Smart Data Collective

NOVEMBER 18, 2021

This is just the beginning of a new era of the manufacturing industry as machine learning and AI become more important. The process became much easier after new advances in machine learning emerged. This is yet another example of the benefits of AI in practice. 3D-Typography bionic orifice. m in diameter and 4.5m

Manufacturing 114

Manufacturing Cost-Benefit Machine Learning Business Intelligence 114

CIO Business Intelligence

SEPTEMBER 14, 2023

Additionally, Peterson says large language models (LLMs) are enabling Nasdaq to “create new kinds of intelligence reports for investors and corporate customers that leverage the company’s proprietary data sets and drive faster, more impactful content creation in Nasdaq’s marketing and communication teams.”

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

Cloudera

MARCH 29, 2022

With that in place, government IT leaders can then apply the kinds of rich data analytics that produce copious benefits, including more informed decision-making, greater transparency, greater efficiency, and reduced costs. Hybrid cloud is the Model of Choice. But that alone is too broad.

Cost-Benefit 95

Cost-Benefit Strategy Data Science Data Processing 95

CIO Business Intelligence

MAY 22, 2023

Quantum-inspired solutions can train Large Language Models (LLMs) faster and cheaper, provide explainability when making credit decisions, and help spot flaws in production lines. But when it runs out of usable qubits due to hardware limits, it runs out of the ability to add parameters or otherwise improve the model.

ROI 52

ROI Machine Learning Optimization Cost-Benefit 52

CIO Business Intelligence

OCTOBER 13, 2022

Rich Gilbert, who joined Aflac in 2019 as chief digital and information officer, now serves as its chief transformation officer and head of individual benefits. He was named the 2021 CIO of the Year by GeorgiaCIO, receiving the ORBIE Award in the Global category for helping reinvent Aflac as a digital-first company.

IT 128

IT Insurance Cost-Benefit Modeling 128

Cloudera

AUGUST 18, 2021

In digital transformation projects, it’s easy to imagine the benefits of cloud, hybrid, artificial intelligence (AI), and machine learning (ML) models. ML models powering AI use cases are becoming more and more ubiquitous in a variety of environments, especially at industrial organizations adopting Industry 4.0

Data Lake 88

Data Lake IoT Internet of Things Data-driven 88

Cloudera

AUGUST 31, 2021

Traditional data warehouse vendors may have maturity in data storage, modeling, and high-performance analysis. Yet, these legacy solutions are showing their age and can no longer meet these new demands in a cost-effective manner. Running on CDW is fully integrated with streaming, data engineering, and machine learning analytics.

Data Warehouse 81

Data Warehouse Cost-Benefit Metadata Data-driven 81

CIO Business Intelligence

MARCH 15, 2022

Synthetic data is artificially generated information that can be used in place of real historic data to train AI models when actual data sets are lacking in quality, volume, or variety. Synthetic data can also lower costs when collecting or buying real-world data is prohibitively expensive. Synthetic data use cases.

Strategy 145

Strategy Testing Modeling Sales 145

DataRobot

MAY 11, 2021

By embracing the code-first data scientist, Zepl broadens our capability to bring AI-powered applications to every area of the business and to the world, allowing DataRobot to continue to build on our self-service offerings in a cost-effective way. And Even More to Come in 2021. But what if I want to work in my favorite tool?

Data Science 98

Data Science Cost-Benefit Data Processing Modeling 98

Smart Data Collective

AUGUST 1, 2022

There are a number of ways that traders can benefit from AI. Some use machine learning technology to create models that more accurately predict price movements. It’s a massive sector, worth $13 billion as of 2021, and yet still growing, projected to witness a compound annual growth rate (CAGR) of 10.5%

Cost-Benefit 109

Cost-Benefit Machine Learning Marketing Strategy 109

IBM Big Data Hub

APRIL 6, 2023

Organizations sourcing, screening, interviewing, hiring or promoting individuals in New York City are required to conduct yearly bias audits on automated employment decision-making tools as per New York City Local Law 144 , which was enacted in December 2021. A holistic approach to AI governance can help.

Cost-Benefit 57

Cost-Benefit Risk Statistics Machine Learning 57

IBM Big Data Hub

FEBRUARY 2, 2023

They provide the backbone for a range of use cases such as business intelligence (BI) reporting, dashboarding, and machine-learning (ML)-based predictive analytics, that enable faster decision making and insights. In 2021, cloud databases accounted for 85% 1 of the market growth in databases.

Data Warehouse 57

Data Warehouse Cost-Benefit Unstructured Data Data Architecture 57

Smart Data Collective

MARCH 23, 2022

One of the overlooked benefits of AI in website optimization pertains to ADA compliance. Use a machine learning tool to automate compliance. You will be able to use AI to learn more about different groups by data mining public records and tailoring your message to them. What is ADA Compliance? It’s as simple as that.

Cost-Benefit 102

Cost-Benefit Data mining Sales Testing 102

CIO Business Intelligence

OCTOBER 1, 2022

P&G) has grown to become one of the world’s largest consumer goods manufacturers, with worldwide revenue of more than $76 billion in 2021 and more than 100,000 employees. Over the past 184 years, The Procter & Gamble Co. (P&G) P&G can now better predict finished paper towel sheet lengths. “We The power of people.

Manufacturing 145

Manufacturing Digital Transformation IoT Internet of Things 145

datapine

SEPTEMBER 27, 2022

Some of these ‘structures’ may include putting all the information; for instance, a structure could be about cars, placing them into tables that consist of makes, models, year of manufacture, and color. Ralph Kimball and Margy Ross co-authored this third edition of Kimball’s classic guide to dimensional modeling.

Business Intelligence 292

Business Intelligence Data Warehouse Data Processing Data mining 292

CIO Business Intelligence

SEPTEMBER 18, 2023

According to the 2023 State of the CIO , IT leaders are looking to shore up competencies in key areas such as cybersecurity (39%), application development (30%), data science/analytics (30%), and AI/machine learning (26%). From a company standpoint, you minimize turnover and search and recruiting costs.”

IT 136

IT Cost-Benefit Technology Business Intelligence 136

Sisense

MARCH 26, 2021

Companies surveyed by Harvard Business Review Analytic Services (HBR) report that two of the most important strategic benefits of using data analytics are (1) identifying new revenue and business models and (2) becoming more innovative. Harvard Business Review Analytics Services Pulse Report for Sisense, March 2021.

Analytics 98

Analytics Data-driven Dashboards Experimentation 98

CIO Business Intelligence

APRIL 7, 2023

Before specializing as a payment solution for developers, Lipana, a Kenyan fintech that balances books for SMEs, started in 2021 as a simple accounting software company managing invoices and tracking expenses, according to Shadrack Apollo, its co-founder and CIO. His role also extends to promoting these solutions to customers and partners.

Management 98

Management Digital Transformation B2B Marketing 98

Cloudera

AUGUST 22, 2021

It seems like there’s always something new to look out for every day, be it new use cases, technology or ways that organizations can benefit. This makes it tougher to understand the app dependencies and accurately assess for feasibility, costs, implementation and ultimately generate ROI. Cloud is ultimately just a vehicle.

Cost-Benefit 104

Cost-Benefit Strategy IoT ROI 104

CIO Business Intelligence

MAY 17, 2022

In particular, the company has low confidence in its ability to address fundamental problems with machine learning and AI applications, according to the document. The AI Act was first proposed in the spring of 2021 and may be approved as soon as 2023. Was the problem in the model, or in its implementation?

Risk 145

Risk Consulting Machine Learning Data Science 145

Cloudera

SEPTEMBER 20, 2022

Scope, motivation, and benefits. The benefit of this task is to lower the labor and skill burden in generating images of a desired quality. Who benefits? Under a capitalist system of values, businesses and individuals that are consumers of art also benefit from increased productivity. Ethical considerations. Why automate?

Deep Learning 87

Deep Learning Cost-Benefit Risk Data-driven 87

Smart Data Collective

SEPTEMBER 12, 2019

Smart devices will account for 46% of the M2M communications market by 2021. Chauhan cited some reasons that machine learning and AI are driving the market. While any home automation upgrade is going to be a smart move, some offer bigger savings or other benefits. Some models include their own built-in voice assistance.

Marketing 78

Marketing Cost-Benefit Machine Learning Big Data 78

datapine

MARCH 31, 2022

billion by the end of 2021. To understand this concept in a practical context, check out this video featuring an explanation from analyst Sonya Fournier: Now that we’ve explored BI in a real-world professional context, let’s look at the benefits of embarking on this occupation. The BI industry is expected to soar to a value of $26.50

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

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. With the size of data and dropping attention spans of online users, digital personalization has become one of the top priorities for companies’ business models. million users.

Enterprise 52

Enterprise Knowledge Discovery Risk Data-driven 52

Ontotext

NOVEMBER 22, 2020

The ability to define the concepts and their relationships that are important to an organization in a way that is understandable to a computer has immense benefits. Ontotext is also on the list of vendors supporting knowledge graph capabilities in their “2021 Planning Guide for Data Analytics and Artificial Intelligence” report.

Metadata 72

Metadata Cost-Benefit Unstructured Data Technology 72

CIO Business Intelligence

APRIL 25, 2022

The benefits of improved business-IT collaboration include things such as projects that better fit business goals, improved change management, and better buy-in for new initiatives. The biggest benefit is greater collaboration, Person says. That also means business leaders better understand their options for managing technology costs.

IT 116

IT Insurance Cost-Benefit Reporting 116