Smart Data Collective

DECEMBER 13, 2021

Big data has become a highly invaluable aspect of modern business. More companies are using sophisticated data analytics and AI tools to overhaul their business models. Some industries have become more dependent on big data than others. New advances in data technology have been especially beneficial for marketing.

Data-driven 136

Data-driven Marketing Strategy Big Data 136

IBM Big Data Hub

APRIL 10, 2024

Value delivery and reduced business cost Decreasing production costs helps drive agility by realigning with new business goals sooner. Beyond traditional cost reduction methods, addressing sustainability has emerged as an essential part of modern cost reduction approaches. trillion in 2022.

Cost-Benefit 97

Cost-Benefit Software Risk Marketing 97

Alation

MAY 19, 2022

Alation attended last week’s Gartner Data and Analytics Summit in London from May 9 – 11, 2022. Coming off the heels of Data Innovation Summit in Stockholm, it’s clear that in-person events are back with a vengeance, and we’re thrilled about it. Gartner Data & Analytics Summit 2022: Keynote Highlights.

Metadata 52

Metadata Data Analytics Analytics Data Governance 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 80

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 80

CIO Business Intelligence

FEBRUARY 22, 2024

Since its creation over five years ago, the Digital Hub has included a team of experts in innovation, technologies, and trends — such as IoT, big data, AI, drones, 3D printing, or advances in customer experience — who work in concert with other business units to identify and execute new opportunities.

IT 97

IT Digital Transformation IoT Cost-Benefit 97

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 97

Cost-Benefit Modeling Manufacturing Reporting 97

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 93

Testing Modeling Cost-Benefit Consulting 93

Jet Global

DECEMBER 3, 2021

It is able to draw from a broader array of data stores, including traditional relational databases, robust data warehouses, and cloud-based data lakes. As the cost benefit ratio of BI has become more and more attractive, the pace of global business has also accelerated. Discover Meaning Amid All That Data.

Business Intelligence 52

Business Intelligence Sales OLAP Data Warehouse 52

Smart Data Collective

OCTOBER 14, 2022

Data security has become a paramount concern for most businesses. In the second quarter of 2022, there were over 52 million data breaches. As a result, companies are doing more to safeguard their data than ever before. They are looking for new data security measures , such as investing in VPNs.

Big Data 114

Big Data Cost-Benefit Measurement Risk 114

AWS Big Data

NOVEMBER 27, 2023

Amazon Managed Streaming for Apache Kafka (Amazon MSK) is a fully managed service that enables you to build and run applications that use Apache Kafka to process streaming data. 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.

Cost-Benefit 96

Cost-Benefit Optimization Management Testing 96

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 86

Cost-Benefit Scorecard Risk Recreation/Entertainment 86

AWS Big Data

APRIL 3, 2024

Snowflake integrates with AWS Glue Data Catalog to access the Iceberg table catalog and the files on Amazon S3 for analytical queries. This greatly improves performance and compute cost in comparison to external tables on Snowflake , because the additional metadata improves pruning in query plans. Nidhi Gupta is a Sr.

Data Lake 94

Data Lake Snapshot Metadata Data Architecture 94

Smart Data Collective

MARCH 28, 2022

There are many ways that you can use big data to create a profitable business. One of the smartest ways for entrepreneurs to utilize data is by creating an ecommerce business. SellerApp author Dilip Vamanan wrote a great article on the merits of using data analytics as an Amazon seller. Amazon uses big data to boost UX.

Data-driven 108

Data-driven Big Data Advertising Cost-Benefit 108

CIO Business Intelligence

FEBRUARY 10, 2023

billion in 2022, according to a research study published by The Insight Partners in August 2022. from 2022 to 2028. Organizations use predictive analytics to sift through current and historical data to detect trends and forecast events and conditions that should occur at a specific time, based on supplied parameters.

Predictive Analytics 140

Predictive Analytics Analytics Predictive Modeling Forecasting 140

CIO Business Intelligence

DECEMBER 19, 2023

Frost & Sullivan, a global research and consulting firm, recently released the Emerging Asia-Pacific Hybrid Cloud Market Report 2022 report. Huawei Cloud Stack has also provided AI, big data, and other innovative cloud services for Dhiraagu, which has helped them slash their total cost of ownership (TCO). •

Marketing 98

Marketing B2B Finance Consulting 98

Smart Data Collective

DECEMBER 17, 2021

Business Intelligence is the collection, storage, analysis, and reporting of data to make better business decisions. It can refer to predictive analytics or even “big data.” Business Intelligence (BI) is all about making big data work for you, not the other way around.

Business Intelligence 95

Business Intelligence Cost-Benefit Dashboards Interactive 95

IBM Big Data Hub

FEBRUARY 12, 2024

Companies and executives are realizing how they need to stay ahead by deriving actionable insights from the sheer amount of data generated every minute in their digital operations. This trend grows stronger as organizations realize the benefits that come from the power of real-time data streaming.

Data-driven 86

Data-driven Cost-Benefit Uncertainty Technology 86

IBM Big Data Hub

JANUARY 19, 2024

Last year, companies spent USD 219 billion on cybersecurity and solutions alone, a 12% increase from 2022, according to a recent report by the International Data Corporation (IDC) (link resides outside ibm.com). When an unplanned incident disrupts business operations, it can cost millions.

Strategy 100

Strategy Cost-Benefit Testing Risk 100

AWS Big Data

APRIL 25, 2024

This can be attributed to factors such as inefficient data layout, resulting in excessive data scanning and inefficient use of compute resources. To address this challenge, common practices like partitioning and bucketing can significantly improve query performance and reduce computation costs.

Optimization 67

Optimization Data Lake Cost-Benefit Reporting 67

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. trillion in economic benefits by 2030. Companies are investing in renewable energy projects and implementing energy-efficient technologies and practices.

Reporting 98

Reporting Cost-Benefit Internet of Things Data-driven 98

IBM Big Data Hub

MARCH 27, 2024

Other leaders remind you that the company’s primary allegiance is to the bottom line and that your solution needs to be cost-effective and “thread the needle” by providing the most return for the least investment possible. Development costs to survey the land, clear the site and prepare it for construction.

Cost-Benefit 108

Cost-Benefit Internet of Things Recreation/Entertainment Marketing 108

IBM Big Data Hub

NOVEMBER 8, 2023

By capturing new data, they can harness this information not only to fulfill FSMA requirements but also to offer stakeholders and the public greater transparency. The change, challenge and benefits are here FDA FSMA will have significant global implications for traceability.

Cost-Benefit 114

Cost-Benefit Consulting Risk Reporting 114

AWS Big Data

JUNE 23, 2023

QuickSight offers SPICE, an in-memory, cloud-native data store that allows end-users to interactively explore data. The pricing model for Redshift Serverless is based on storage utilization and the run of queries; idle compute resources have no associated cost. You simply load the data to tables you create and start working.

Data Lake 67

Data Lake Cost-Benefit Dashboards Data Warehouse 67

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. In 2022, it began renting bikes as well as selling them.

Data Warehouse 111

Data Warehouse Cost-Benefit Sales Data-driven 111

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 109

Data-driven Uncertainty Cost-Benefit Marketing 109

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

AWS Big Data

APRIL 19, 2023

Many customers run big data workloads such as extract, transform, and load (ETL) on Apache Hive to create a data warehouse on Hadoop. Instead, we can use automation to speed up the process of migration and reduce heavy lifting tasks, costs, and risks. Apache Hive has performed pretty well for a long time.

Metadata 77

Metadata Testing Data Lake Consulting 77

IBM Big Data Hub

JANUARY 11, 2024

Some enterprises tolerate zero RPO by constantly performing data backup to a remote data center to ensure data integrity in case of a massive breach. The benefits of business disaster recovery Disasters can cause all kinds of problems for businesses. billion in 2022 and was poised to grow by 22% percent in 2023.

Cost-Benefit 103

Cost-Benefit Risk Enterprise Software 103

IBM Big Data Hub

JUNE 13, 2023

Manual attack surface management costs time Staying ahead of an expanding enterprise attack surface is almost impossible with manual or disconnected processes. A 2022 analysis of Fortune 500 companies found that the average organization has around 476 common vulnerabilities and exposures (CVEs) in its external attack surface.

Management 92

Management Cost-Benefit Risk Data Processing 92

Smart Data Collective

JUNE 16, 2022

Until now, they were proactively involved to maximize IT efficiencies and accelerate cost savings in general. While we are at it, Gartner’s 2022 report on business composability further pushes the need for analytics. CIOs, in collaboration with such groups, can categorize their practice building into 3 focus areas: .

Business Analytics 123

Business Analytics Analytics Forecasting Business Analysis 123

IBM Big Data Hub

JUNE 2, 2023

At re:Invent 2022, IBM Consulting was awarded the Global Innovation Partner of the Year and the GSI Partner of the Year for Latin America, cementing client and AWS trust in IBM Consulting as a trusted partner of choice, when it comes to AWS. In 2022, IBM Consulting leveraged AIMM and worked with another major U.S.

Consulting 88

Consulting Cost-Benefit Technology ROI 88

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 60

Cost-Benefit Machine Learning Consulting Data mining 60

IBM Big Data Hub

DECEMBER 14, 2022

Conversational AI solutions for customer service have come a long way, helping organizations meet customer expectations while reducing containment rates, complexity, and costs. It starts with bringing AI into the mix and ends with more cost-efficient operations and more satisfied customers. Reduced operational costs.

Cost-Benefit 86

Cost-Benefit Interactive Machine Learning Consulting 86

IBM Big Data Hub

DECEMBER 12, 2023

Unlocking the benefits of emissions management Emissions management is not only about tracking greenhouse gases; it also involves controlling and overseeing a wide range of emissions released into the atmosphere during industrial processes. An efficient, sustainable, and responsible enterprise reaps the benefits of a healthy culture.

Management 76

Management Cost-Benefit Optimization Strategy 76

IBM Big Data Hub

NOVEMBER 30, 2022

It starts with bringing AI into the mix and ends with more cost-efficient operations and more satisfied customers. According to a Gartner® report, in 2031, conversational AI chatbots and virtual assistants will handle 30% of interactions that would have otherwise been handled by a human agent, up from 2% in 2022. per contained call.

Cost-Benefit 52

Cost-Benefit Interactive Machine Learning Consulting 52

IBM Big Data Hub

MAY 16, 2023

According to an Everest Group® study , offshore MMS centers increased over 50% from 2019 to 2022. This complexity translates into higher costs and makes it difficult for marketing teams to keep up. What’s more, the number of offshore full-time equivalent employees (FTE) jumped 115%. What are managed marketing services (MMS)?

Marketing 74

Marketing Management Optimization Cost-Benefit 74

IBM Big Data Hub

JULY 12, 2023

With reporting more than 200 billion transactions at the end of 2022, CaixaBank understands how critical it is to scale securely, increase operational efficiency and accelerate time to market to optimize digital banking experiences—all while safeguarding customers’ data.

Digital Transformation 52

Digital Transformation Finance Cost-Benefit Data Processing 52