CIO Business Intelligence

JUNE 2, 2022

Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. Interest in microservices remains relatively low compared to AI and analytics, however. 5G aids customer service.

Predictive Analytics 144

Predictive Analytics Technology Analytics Machine Learning 144

DataKitchen

MARCH 12, 2024

Key Success Metrics, Benefits, and Results for Data Observability Using DataKitchen Software Lowering Serious Production Errors Key Benefit Errors in production can come from many sources – poor data, problems in the production process, being late, or infrastructure problems. Director, Data Analytics Team “We had some data issues.

Metrics 120

Metrics Software Cost-Benefit Testing 120

Smart Data Collective

JUNE 16, 2022

Analytics is becoming more important than ever in the world of business. Over 70% of global businesses use some form of analytics. For both reasons, the role of CIOs has to embrace automation and analytical thinking in strategizing the organization’s initiatives. They are using analytics to help drive business growth.

Business Analytics 124

Business Analytics Analytics Forecasting Business Analysis 124

Jet Global

DECEMBER 22, 2022

December 22, 2022 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today announced its Logi solutions have ranked #1 in the latest #1 in the latest Embedded Business Intelligence (BI) Market Study by Dresner Advisory Services. “As Raleigh, N.C, About insightsoftware. Ashley Yakopec.

Business Intelligence 52

Business Intelligence Marketing Cost-Benefit Reporting 52

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

AWS Big Data

MARCH 12, 2024

We share our benchmarking results and methodology, and insights into the cost-effectiveness of EMR Serverless vs. fixed capacity Amazon EMR on EC2 transient clusters on our data workflows orchestrated using Amazon Managed Workflows for Apache Airflow (Amazon MWAA). By early 2022, we successfully migrated our big data workloads to EMR on EC2.

Cost-Benefit 88

Cost-Benefit Optimization Big Data Metrics 88

IBM Big Data Hub

SEPTEMBER 12, 2023

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023. The models also reduce private sector customs data collection costs by 40%.

Testing 91

Testing Modeling Cost-Benefit Consulting 91

Jet Global

DECEMBER 3, 2021

As the cost benefit ratio of BI has become more and more attractive, the pace of global business has also accelerated. Let’s look at some of the ways that BI will drive value in 2022, making it a compelling proposition for CFOs and other key members of the finance team, as well as the rest of the C-suite.

Business Intelligence 52

Business Intelligence Sales OLAP Data Warehouse 52

Cloudera

MARCH 26, 2024

The release of LLMs surged by 136% in 2023 compared to 2022, and this upward trend is projected to continue in 2024. How much is all this really going to cost? This release will remove the complexity from getting started with AI, delivered as a cost-effective bundle to deliver immediate business value.”

Cost-Benefit 84

Cost-Benefit Machine Learning Enterprise Modeling 84

IBM Big Data Hub

APRIL 22, 2024

“But it’s important to reap these benefits while minimizing the environmental impact. According to the European Union’s 2023 Energy Efficiency Directive , Europe’s data center electricity consumption is expected to grow 28% from 2018 to 2030, exemplifying the environmental costs of AI usage.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Reporting 95

CIO Business Intelligence

NOVEMBER 5, 2023

But it is only one of the many benefits, and there are more to take into account: Reduced Development Costs. The same Forrester report notes that organisations using low-code can realise cost savings of up to 90 percent in application development and maintenance. Reporting and analytics. Better quality code. Expertise.

Digital Transformation 140

Digital Transformation Cost-Benefit Data Processing Software 140

Smart Data Collective

JANUARY 27, 2022

This blog post will explore 5 ways to make the most of your IT budget while creating a data strategy in 2022. #1 1 Equip Your Employees with the Right Data Analytics Tools. One of the best ways to make the most of your IT budget is by equipping your employees with the right data analytics tools. 5 Create a Data-Centric Culture.

Optimization 107

Optimization IT Big Data Cost-Benefit 107

AWS Big Data

NOVEMBER 27, 2023

Today, we’re excited to bring the benefits of Graviton3 to Kafka workloads, with Amazon MSK now offering M7g instances for new MSK provisioned clusters. These performance improvements, along with M7g’s lower prices provide up to 24% in compute cost savings over M5 instances. Gbps up to 10 Gbps M7g.xlarge 4 16 GiB up to 12.5

Cost-Benefit 93

Cost-Benefit Optimization Management Testing 93

CIO Business Intelligence

OCTOBER 23, 2023

Equinix and Dell Technologies have a longstanding partnership built around solving the real challenges modern companies face—from infrastructure performance to costs, security, and speed of deployment. 1] Enterprise Strategy Group, The Role of ESG Programs in IT Decision Making , 2022. [2]

Digital Transformation 122

Digital Transformation Cost-Benefit Optimization Metrics 122

Smart Data Collective

DECEMBER 13, 2021

More companies are using sophisticated data analytics and AI tools to overhaul their business models. This figure will continue to grow as more online retailers discover the benefits of using big data for various purposes, such as marketing. You simply can’t afford to ignore the benefits of using big data in this business.

Data-driven 136

Data-driven Marketing Strategy Big Data 136

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Such analysis and decision-making are often optimized with the help of various technologies, including artificial intelligence tools and data analytics platforms.

Cost-Benefit 84

Cost-Benefit Scorecard Risk Recreation/Entertainment 84

CIO Business Intelligence

JANUARY 10, 2024

Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. Plus, you need to balance the FinOps team’s need for autonomy against the CIO’s need for centralized control to gain economies of scale and avoid runaway costs. Then there’s housekeeping.

Cost-Benefit 118

Cost-Benefit Measurement Optimization Metrics 118

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. million at the end of 2022. Meanwhile, the company’s subscribers jumped from around 360,000 in 2019 to 2.76

Data Warehouse 108

Data Warehouse Cost-Benefit Sales Data-driven 108

CIO Business Intelligence

SEPTEMBER 7, 2023

Nearly 95% of organizations say hybrid work has led them to invest more in data protection and security, according to NTT’s 2022–23 Global Network Report. You need comprehensive monitoring, analytics and reporting, often delivered through artificial intelligence for IT operations (AIOps) to gain insights into network and security performance.

IT 107

IT Data Lake Cost-Benefit Digital Transformation 107

CIO Business Intelligence

OCTOBER 21, 2022

The contact center software market is expected to grow at a 21% compound annual growth rate ( CAGR ) from 2022 to 2030. But, with all this growth comes new potential costs. Amid a fast-changing landscape, contact center executives have a critical task: Keep pace and grow while also reducing costs and driving efficiency.

Cost-Benefit 81

Cost-Benefit Testing Metrics Marketing 81

CIO Business Intelligence

APRIL 5, 2022

According to 2022 State of the CIO study , 85% of CIOs are focusing on transformational initiatives with pre-pandemic levels of technology budget growth. By 2024, enhanced analytics and automatic remediation capabilities will refocus 30% of IT operations efforts from support to continuous engineering.

Digital Transformation 102

Digital Transformation Cost-Benefit Uncertainty Technology 102

IBM Big Data Hub

FEBRUARY 12, 2024

As IDC stated: as of 2022, 36% of IT leaders identified the use of technologies to achieve real-time decision-making as critical for business success, and 45% of IT leaders reported a general shortage of skilled personnel for real-time use cases.

Data-driven 84

Data-driven Cost-Benefit Uncertainty Technology 84

CIO Business Intelligence

MARCH 13, 2024

So it’s no surprise that companies continue to heavily invest in it since the release of Dall-E 2 and ChatGPT in late 2022, where they expect to see the greatest value in increased productivity, with some estimates showing improvements of 5% or more over the next 12 months, and headcounts to reduce by at least 5% as well. for every $1 spent.

IT 127

IT Consulting Testing Cost-Benefit 127

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Obtaining more insight into hidden costs (e.g., IT Leadership

Cost-Benefit 102

Cost-Benefit Business Objectives ROI Risk 102

CIO Business Intelligence

DECEMBER 18, 2023

The cost of developing and running GenAI-enabled business use cases will be among the key inhibitors of this technology in the short run. Many of them are still in the exploration phase and they are trying to understand how they can benefit from this technology and make the most out of it.

Cost-Benefit 96

Cost-Benefit Risk Strategy Manufacturing 96

CIO Business Intelligence

OCTOBER 23, 2023

In today’s uncertain economic landscape, it is no surprise that organizations are driven to optimize business costs. 1 Based on an ESG whitepaper commissioned by Dell: Economic Validation Understanding the Economic Benefits of Dell Technologies APEX, July 2022. Visit our Dell APEX Sustainability page to discover more.

Cost-Benefit 95

Cost-Benefit Uncertainty Digital Transformation Optimization 95

CIO Business Intelligence

DECEMBER 19, 2022

Combating the Cycle of Distrust Edelman called its 2022 trust survey The Cycle of Distrust. In times of scarce digital and marketing skills availability, this is a seriously important benefit. Using this data collection method, the window of maximum campaign opportunity will close before a campaign is even started.

Advertising 97

Advertising Cost-Benefit Metrics Marketing 97

IBM Big Data Hub

SEPTEMBER 29, 2023

They can also help quickly adjust to shifting market dynamics and external factors affecting business operations, like changes in levels of demand, costs and more. And these benefits shouldn’t be available only to highly technical teams.

Data-driven 107

Data-driven Uncertainty Cost-Benefit Marketing 107

IBM Big Data Hub

NOVEMBER 8, 2023

The change, challenge and benefits are here FDA FSMA will have significant global implications for traceability. We saw this happen between Dole and Walmart in 2022 when a particular brand of lettuce—Ocean Mist Farms brand Romaine Hearts—had to be recalled.

Cost-Benefit 113

Cost-Benefit Consulting Risk Reporting 113

IBM Big Data Hub

MAY 26, 2023

Leading life sciences companies are discovering the power of cloud in enabling analytics and artificial intelligence (AI) , shrinking innovation cycles, and standardizing processes across global operations, among other benefits. Of these breaches, 45% were cloud-based, costing USD 10.10M on an average, per breach.

Consulting 79

Consulting Cost-Benefit Optimization Machine Learning 79

CIO Business Intelligence

JANUARY 11, 2023

As the economic pendulum shifts to cost control, CIOs will have to find ways to continue achieving the same results but with less margin for error,” he notes. CIOs will be looking to rationalize their technology estate to reduce unnecessary cost and maintenance, and to minimize their security attack surface and privacy exposure.”

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

Smart Data Collective

DECEMBER 22, 2021

More video messaging services are dependent on data analytics, as the analytics in video market is growing over 20% a year. This is important, because there are a lot of benefits of cloud computing based video streaming. AI Technology Has Made Video Messaging a Far More Effective Form of Technology in 2022.

Optimization 114

Optimization Cost-Benefit Technology Strategy 114

IBM Big Data Hub

AUGUST 14, 2023

The Cost of a Data Breach 2023 global survey found that extensively using artificial intelligence (AI) and automation benefited organizations by saving nearly USD 1.8 million in data breach costs and accelerated data breach identification and containment by over 100 days, on average.

Cost-Benefit 59

Cost-Benefit Machine Learning Consulting Data mining 59

Smart Data Collective

APRIL 25, 2022

A digital adoption platform (DAP) is a software solution that helps facilitate learning of new systems through the use of data analytics and ensure the simplification of processes and step-by-step guidance. trillion in 2022 and $2.8 Big Data is the Foundation of Digital Adoption. What is a digital adoption platform? trillion by 2025.

Big Data 113

Big Data Cost-Benefit Digital Transformation Technology 113

CIO Business Intelligence

APRIL 19, 2022

Meanwhile, the “ 2022 State of Enterprise Tech Employment ” report from Motion Recruitment found that 42% of the total workforce are 1099 workers, independent contractors, or freelancers and that 90% of companies are moving to a blend of full-time and freelance employees. The university extends employee benefits to contract workers.

IT 98

IT Cost-Benefit Strategy Consulting 98

CIO Business Intelligence

SEPTEMBER 8, 2023

Operating rooms are a significant source of revenue for healthcare organizations — and a main contributor to costs. As such, any cost savings in operating rooms can have broad financial impact on a healthcare facility’s bottom line.

Cost-Benefit 98

Cost-Benefit Machine Learning Metrics Marketing 98

Smart Data Collective

JANUARY 30, 2023

In 2022, one of the biggest breakthroughs ever was the emergence of AI art. However, there are other benefits of AI in marketing that get less publicity. As AI continues to change the marketing landscape , marketers will keep looking for new ways to automate various processes, reduce the scope of human error and lower costs.

Advertising 99

Advertising Cost-Benefit Marketing Strategy 99