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3 Massive Cost-Saving Benefits of Smart Data for Businesses

Smart Data Collective

For example, they could maximize their employees’ skills or cut production costs. Companies around the world are projected to spend $274 billion on big data by 2022. They can use itto forecast more precisely and streamline operations,and they can also use it to reduce business expenses. Reduce Energy Usage.

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Enterprise Storage Trends That CIOs Need to Grasp for the Remainder of 2022

CIO Business Intelligence

To help make it quick and easy for IT leaders to get a reliable snapshot of the enterprise storage trends, we put together this “trends update” for the second half of 2022. We predicted at the start of 2022 that cyber resilience from the storage estate would be critical this year because of the threats of cyberattacks.

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MRO spare parts optimization

IBM Big Data Hub

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.

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Accenture to lay off 19,000 to cut costs amid economic uncertainty

CIO Business Intelligence

of its workforce, over the next 18 months to reduce costs amid uncertain macroeconomic conditions. The job cuts reflect stabilizing demand, following explosive post-pandemic growth, and prudent cost management, according to Ignacio Rasero, vice president for Moody’s Investors Service. billion to $16.7 billion to $16.7

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Addressing cloud waste: 4 steps to cloud computing cost optimization

CIO Business Intelligence

Now, more than a decade later, business leaders recognize the advantages the cloud offers but are struggling with bloated cloud costs. Andreesen Horowitz coined the phrase the Cloud Paradox in a 2021 article , which posits that the pressure the cloud puts on company margins can start to outweigh the benefits over time.

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What is predictive analytics? Transforming data into future insights

CIO Business Intelligence

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. billion in 2022, according to a research study published by The Insight Partners in August 2022. from 2022 to 2028.

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SAP raises on-prem support costs again to drive cloud adoption

CIO Business Intelligence

First came the carrot of lower costs in the cloud with the bundled Rise with SAP offering. SAP said Thursday it will raise the cost of support for users of its on-premises software for the second year in a row, just days after announcing plans to withhold future innovations in its products from on-prem customers. in October 2022.