Cloudera

FEBRUARY 24, 2021

2021 is going to be the year when the financial services industry reckons with how these changes will play out, impacting business operations, processes, new technologies, and, of course, new regulations. Trend #1: The Crossroads of Risk Management and Emerging Technology. Trend #3: Fighting Fraud with Data and Machine Learning.

Risk Management 58

Risk Management Risk Recreation/Entertainment Machine Learning 58

IBM Big Data Hub

JANUARY 25, 2024

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 regulations, undergoing digital transformation and the need for cost-cutting. A 40% reduction in inventory costs.

Optimization 79

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 79

Smart Data Collective

MAY 19, 2023

billion in 2021 and is growing at a rate of 16.5% It can help banks reduce costs while improving customer service and accuracy. billion in 2021, which means it is growing at an annual rate of 3%. However, the financial industry has been affected more than most others. billion in 2026, growing at a yearly rate of 32.7%.

Analytics 80

Analytics Cost-Benefit Predictive Analytics Marketing 80

CIO Business Intelligence

DECEMBER 11, 2023

“This regulation aims to ensure that fundamental rights, democracy, the rule of law and environmental sustainability are protected from high risk AI, while boosting innovation and making Europe a leader in the field,” said the press release issued by European Parliament. EU was the first region to start working on legislation on AI in 2021.

Risk 115

Risk Testing Insurance Cost-Benefit 115

IBM Big Data Hub

NOVEMBER 8, 2023

The change, challenge and benefits are here FDA FSMA will have significant global implications for traceability. They will be able to: Utilize reporting to identify trends and risks within the product supply chain for mitigation and improvement.

Cost-Benefit 112

Cost-Benefit Consulting Risk Reporting 112

CIO Business Intelligence

MAY 9, 2023

Others conducted apples-to-apples comparisons of public cloud versus on-premises costs. You might even operate out of a colo facility for the benefits cloud adjacency affords you in reducing latency. Workload placement is based on several factors, including performance, latency, costs, and data governance rules, among other variables.

ROI 119

ROI Cost-Benefit KPI Uncertainty 119

IBM Big Data Hub

FEBRUARY 5, 2024

This need for robust security underscored by Executive Order 14028 , published in May 2021, calls for enhancing the nation’s cybersecurity posture. A key part of identity management is governance, which guides ICAM functions and activities, including analytics to identify security risks and non-compliance.

Risk 93

Risk Cost-Benefit Measurement Management 93

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. In 2021, There Were 44.7

Data Analytics 101

Data Analytics Analytics Big Data Cost-Benefit 101

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. billion in 2021, and only 43% of businesses feel financially prepared to face a cyberattack in 2022.

Enterprise 105

Enterprise Cost-Benefit Snapshot Data-driven 105

CIO Business Intelligence

MAY 16, 2023

Many found these environments difficult to manage, govern and modernize, all while controlling costs. All these challenges limited the benefits the multicloud model was supposed to unlock. What is multicloud by design? There’s another way to approach the challenge of the multicloud operating model.

Strategy 90

Strategy Cost-Benefit Optimization Modeling 90

CIO Business Intelligence

APRIL 12, 2022

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. They can benefit from having office space in many ways, including team building, increased security, and supporting your local community.

Cost-Benefit 89

Cost-Benefit Risk Measurement Modeling 89

CIO Business Intelligence

SEPTEMBER 14, 2023

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently. The company, which reported net revenues of $3.6

Risk Management 113

Risk Management Risk Marketing Cost-Benefit 113

CIO Business Intelligence

OCTOBER 17, 2023

The attack surface now extends to home offices, cloud applications, and public clouds, and there is an ever-increasing risk of lateral threat movement within highly interconnected hub-and-spoke networks protected by castle-and-moat security models. Today, they’ve realized this approach is inefficient and expensive.

Digital Transformation 139

Digital Transformation B2B IoT Cost-Benefit 139

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. Leverage cloud where it makes sense, not because it’s fashionable.

Strategy 101

Strategy Data Strategy ROI Cost-Benefit 101

CDW Research Hub

DECEMBER 2, 2021

Together, we will have the ability to broaden our reach and deliver even more value to our customers, who we expect to benefit substantially from the accelerated services and solutions mix, scale and efficiency of the combined company.”. For the trailing twelve months ended September 30, 2021, CDW generated Net sales of over $20 billion.

Uncertainty 93

Uncertainty Cost-Benefit Finance Risk 93

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

DECEMBER 20, 2022

In a 2021 survey , 95% of respondents agreed that a hybrid cloud is critical for success, and 86% plan to invest more in hybrid multicloud. However, enjoying the benefits of hybrid multicloud requires organizations to first overcome a variety of challenges. Regardless, you need a plan in place before you make this transition.

Optimization 87

Optimization Cost-Benefit Modeling Risk 87

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 Some of them are listed below: Mitigate app security risks. Help with marketing.

Technology 125

Technology Advertising Cost-Benefit Publishing 125

Smart Data Collective

SEPTEMBER 22, 2021

We have frequently talked about the benefits of using big data to make the most of your online marketing efforts. Businesswire talked about some of the benefits of using big data in print services. There are a number off benefits of big data in any business. AI and data analytics is a true gamechanger in this sector.

Management 98

Management Cost-Benefit Big Data Data-driven 98

Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. 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. AI in fintech is here to stay. Cybersecurity.

Marketing 110

Marketing Technology Insurance Machine Learning 110

CIO Business Intelligence

AUGUST 1, 2022

Upgrading IT and data security to reduce corporate risk was the No. Almost half (49%) called out increasing cybersecurity protections as the top business initiative driving IT investments this year, up from 34% in 2021. The push for elevated cybersecurity protections is also filtering down into storage and data management requirements.

Strategy 93

Strategy Cost-Benefit Risk Management 93

Smart Data Collective

SEPTEMBER 13, 2022

One of the biggest benefits of big data has been the development of ACH payment processing. Many businesses can benefit from it if they use it correctly. Here are some of the benefits that data-driven ACH systems have created for small businesses. ACH payments were so popular in 2021 that the network saw over $72.6

Big Data 78

Big Data Cost-Benefit Risk Management Data-driven 78

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

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. Toews, These Are The Startups Applying AI To Tackle Climate Change (2021), Forbes. [2]

Machine Learning 121

Machine Learning Cost-Benefit Optimization Forecasting 121

IBM Big Data Hub

FEBRUARY 2, 2022

Artificial intelligence (AI) is an essential instrument for reshaping businesses both now and in the future, with three in four organizations deploying or ramping up their AI efforts, according to Morning Consult’s April 2021 research. Other benefits mention cost reductions, operational efficiencies and a 6.3% and +46.6%

Software 52

Software Marketing Reporting Digital Transformation 52

Smart Data Collective

MARCH 27, 2023

billion on AI in 2021 , but small businesses may spend even more on AI-driven financial management software. Some of the benefits of AI in banking include: Banks use AI bots to onboard clients and analyze borrower risk. Software is now typically a monthly recurring cost. It sounds expensive.

Software 88

Software Finance Cost-Benefit Data-driven 88

CIO Business Intelligence

OCTOBER 1, 2022

For IT, this means mapping the total end-to-end flow of material, tasks, and costs from product/service design to ultimate customer delivery. But before rearchitecting the entire supply chain, CIOs and their C-suite colleagues need to collect estimates regarding how much will more money resilient supply chains will actually cost.

Cost-Benefit 110

Cost-Benefit Manufacturing Forecasting Metrics 110

Cloudera

AUGUST 31, 2021

Yet, these legacy solutions are showing their age and can no longer meet these new demands in a cost-effective manner. It outperforms other data warehouses on all sizes and types of data, including structured and unstructured, while scaling cost-effectively past petabytes. Copyright © 2021 Accenture. Copyright © 2021 Accenture.

Data Warehouse 80

Data Warehouse Cost-Benefit Metadata Data-driven 80

CIO Business Intelligence

NOVEMBER 7, 2022

In November 2021 it turned on a new ERP system intended to support international growth with improved operational visibility and financial reporting capabilities. While we weren’t naïve to the risk of disruption to the business, the extent and magnitude was greater than we anticipated.” million in implementation costs.

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

Smart Data Collective

DECEMBER 20, 2022

In fact, FastSpring estimates that 37% of vendors increased what they were charging between Q1 2021 and Q1 2022, driving up software costs for the average customer. There are a lot of benefits and risks of using artificial intelligence. Software developers face a number of challenges when creating AI software businesses.

Cost-Benefit 109

Cost-Benefit Software Sales Finance 109

Ontotext

AUGUST 17, 2023

The use cases span all the things near and dear to most C-level executives’ hearts – driving more revenue, improving operational efficiency, reducing risk, or increasing innovation and agility. If context and relationships between things are important, then graph technologies should be at the center of the solution.

Digital Transformation 52

Digital Transformation IT Cost-Benefit Consulting 52

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 57

Deep Learning Cost-Benefit Insurance Machine Learning 57

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. It’s no secret that the cloud has become the go-to infrastructure foundation for a modern data strategy.

Cost-Benefit 93

Cost-Benefit Strategy Data Science Data Processing 93

CIO Business Intelligence

APRIL 19, 2022

million in 2021. The university extends employee benefits to contract workers. Using contract workers can be more cost effective when you have ad-hoc needs that need to be addressed,” Markow adds. Rather, it’s another reason to be strategic, so CIOs can minimize the negatives and optimize the benefits. Best practices.

IT 98

IT Cost-Benefit Strategy Consulting 98

CIO Business Intelligence

OCTOBER 24, 2023

In May of 2021 VMware unveiled VMware Zero Carbon Committed , an initiative to encourage partners to power their data centers with renewable energy sources by 2030. For me it’s about the obligation to ensure our kids enjoy the safe, stable climate we’ve benefited from and that we are not denying them a healthy and thriving future.

Cost-Benefit 110

Cost-Benefit Strategy Advertising Risk 110

CIO Business Intelligence

DECEMBER 16, 2022

Sovereign clouds not only provide control and privacy for customers, but they can also benefit citizens and local economies in a number of ways. This trusted ecosystem can even be utilized by other trusted groups, such as sharing anonymized or encrypted data, without risking a privacy breach from foreign entities. million people.

Cost-Benefit 52

Cost-Benefit Metadata Risk Enterprise 52

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. The results are higher revenues, lower risks, and increased productivity for the bank.

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52