Remove 2022 Remove Cost-Benefit Remove Forecasting Remove Prescriptive Analytics
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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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Create an end-to-end data strategy for Customer 360 on AWS

AWS Big Data

In 2022, AWS commissioned a study conducted by the American Productivity and Quality Center (APQC) to quantify the Business Value of Customer 360. Data storage Structured, semi-structured, or unstructured batch data is stored in an object storage because these are cost-efficient and durable.

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Biggest Trends in Data Visualization Taking Shape in 2022

Smart Data Collective

Data virtualization is becoming more popular due to its huge benefits. Big Data analytics has immense potential to help companies in decision making and position the company for a realistic future. There is little use for data analytics without the right visualization tool. What benefits does it bring to businesses?