Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 They include; Credit risk assessment. Doing so saves time for the agent and customer and reduces cost. from 2022 to 2027.

Marketing 109

Marketing Technology Insurance Machine Learning 109

CIO Business Intelligence

FEBRUARY 29, 2024

The ask-an-expert tool enables manufacturers to increase productivity, drive down costs, and improve employees’ work-life balance. Using Microsoft Copilot, workers can also better avoid quality issues that in can cause safety issues and put lives at risk. This can be a major challenge.

Manufacturing 106

Manufacturing Unstructured Data Cost-Benefit Risk 106

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. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Specific types of sourcing minimize costs in different ways.

Cost-Benefit 79

Cost-Benefit Scorecard Risk Recreation/Entertainment 79

CIO Business Intelligence

NOVEMBER 8, 2023

Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. in June, 2022, to 3.7% in June, 2022, to 3.7% They weren’t communicating enough and it cost them a lot,” he says. While inflation challenges have moderated in the US from a high of 9.1% Here’s how.

IT 127

IT Cost-Benefit Digital Transformation Software 127

CIO Business Intelligence

SEPTEMBER 14, 2023

It is already at work in our business — preventing market interruptions, creating new kinds of intelligence for investors, and stopping financial criminals in their tracks,” Peterson says. billion in 2022, derives roughly 30% of its business from its markets, trading, and exchange business — and about 40% from software sales and licensing.

Risk Management 111

Risk Management Risk Marketing Cost-Benefit 111

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics has captured the support of wide range of organizations, with a global market size of $12.49 billion in 2022, according to a research study published by The Insight Partners in August 2022. from 2022 to 2028. Financial services: Develop credit risk models. Forecast financial market trends.

Predictive Analytics 142

Predictive Analytics Analytics Predictive Modeling Forecasting 142

CIO Business Intelligence

MAY 9, 2023

According to the Rocket Software Survey Report 2022: The State of the Mainframe , four out of five IT professionals see the mainframe as critical to business success. Without, it can create security and compliance risks—and be difficult to maintain. Without, it can create security and compliance risks—and be difficult to maintain.

Cost-Benefit 93

Cost-Benefit Software Digital Transformation Risk 93

CIO Business Intelligence

SEPTEMBER 29, 2023

Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. According to MarketResearch.Biz , the financial services market for generative AI reached USD 847 million in 2022 and is poised to grow at a CAGR of 28.1% And the finance industry is investing to do so. billion by 2032.

Finance 132

Finance Unstructured Data Risk Cost-Benefit 132

CIO Business Intelligence

DECEMBER 18, 2023

Developing generative AI implementation strategies will be imperative for technology leaders, prioritizing key areas such as business model building, internal operational improvements, risk mitigation, and overall organizational efficiency. Everyone is talking about GenAI.

Cost-Benefit 93

Cost-Benefit Risk Strategy Manufacturing 93

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. AI enhances operational efficiency.

Predictive Analytics 144

Predictive Analytics Technology Analytics Machine Learning 144

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). Reducing costs: According to IBM’s recent Cost of Data Breach Report , the average cost of a data breach in 2023 was USD 4.45

Strategy 91

Strategy Cost-Benefit Testing Risk 91

Alation

MAY 19, 2022

Alation attended last week’s Gartner Data and Analytics Summit in London from May 9 – 11, 2022. Gartner Data & Analytics Summit 2022: Keynote Highlights. The business benefits of a data fabric are real. The post Gartner Data & Analytics Summit 2022 in London: 3 Key Takeaways appeared first on Alation.

Metadata 52

Metadata Data Analytics Analytics Data Governance 52

CIO Business Intelligence

SEPTEMBER 7, 2023

The second challenge is managing new risks, which stem primarily from the threat of misinformation. Since the consequence of failure is high, the defense industry must strike a deft balance between innovation and risk management. (more about this in my article about accelerating generative AI here ). billion by 2032.

Unstructured Data 108

Unstructured Data Cost-Benefit Risk Data-driven 108

Smart Data Collective

MARCH 23, 2023

Some companies are interested in taking advantage of the benefits of existing AI tools like ChatGPT. The ROI of creating their own AI applications can be massive, but they still need to use them cost-effectively. A study done by Deloitte in late 2022 showed that cost reduction is the top priority for CFOs.

Software 114

Software Strategy Cost-Benefit Testing 114

CIO Business Intelligence

DECEMBER 19, 2022

Why Cloud Platforms Matter to Marketing Leaders According to IDC, 89% of marketing campaign management applications in Europe are now cloud based rather than on premises. Marketing is becoming digitally transformed through the adoption of new cloud-based marketing applications.

Advertising 97

Advertising Cost-Benefit Metrics Marketing 97

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., Obtaining more insight into hidden costs (e.g.,

Cost-Benefit 100

Cost-Benefit Business Objectives ROI Risk 100

IBM Big Data Hub

NOVEMBER 8, 2023

The change, challenge and benefits are here FDA FSMA will have significant global implications for traceability. This data will then be used to create a “traceability chain,” which can be used to quickly identify and remove contaminated food from the market.

Cost-Benefit 107

Cost-Benefit Consulting Risk Reporting 107

IBM Big Data Hub

FEBRUARY 7, 2024

And they could drive economic gains: Research shows markets for carbon-neutral goods and services may be worth $10.3 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.

Reporting 90

Reporting Internet of Things Cost-Benefit Data-driven 90

CIO Business Intelligence

APRIL 20, 2023

Australia and Pakistan have seen communities wrecked by large-scale flooding and continual rain, while in 2022, Europe had its hottest summer on record. CIOs in organizations already with ESG maturity adopt data management, ESG reporting, and risk tools. They can cut costs and generate additional revenue streams.”

Consulting 92

Consulting Insurance Cost-Benefit Finance 92

IBM Big Data Hub

JANUARY 11, 2024

The benefits of business disaster recovery Disasters can cause all kinds of problems for businesses. Reduced costs: According to IBM’s recent Cost of Data Breach Report , the average cost of a data breach last year was USD 4.45 million—a 15% increase over the last 3 years.

Cost-Benefit 94

Cost-Benefit Risk Enterprise Software 94

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 order to appreciate the benefits of using AI to create a new app marketplace, it is important to first address the challenges. Let’s have a look at the main app store alternatives for the App Store in 2022.

Technology 125

Technology Advertising Cost-Benefit Publishing 125

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 126

IT Consulting Testing Cost-Benefit 126

CIO Business Intelligence

AUGUST 7, 2023

The top risk factors influencing CIOs spending decisions are inflation, labor shortages, and recession, the study’s author, Mickey North Rizza, told CIO.com. Sales of public cloud enterprise applications software had already overtaken on-premises, hosted, and private-cloud sales by 2022, representing 51.4% Software sales grew 9.8%

Sales 52

Sales Enterprise Cost-Benefit Software 52

CIO Business Intelligence

FEBRUARY 22, 2024

Getting AI off the ground After several years of innovating in AI, Ferrovial can cite many examples of projects and services benefitting from it. “If Plus, to provide all its businesses with the ability to obtain information in record time, the company has been working with gen AI and LLMs, specifically Azure OpenAI, since December 2022.

IT 99

IT Digital Transformation IoT Cost-Benefit 99

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. SAAS technology is very popular in 2022. Strategies for saving money on SaaS.

Cost-Benefit 108

Cost-Benefit Software Sales Finance 108

Smart Data Collective

JUNE 28, 2022

Technological innovation has proved incredibly useful for this purpose, so we’ve compiled a list of smart energy inventions that are helping us all save energy costs and reduce our reliance on finite resources. Smart grids. We’re starting off big with the smart grid. The impact.

Technology 108

Technology Cost-Benefit Consulting Data-driven 108

CIO Business Intelligence

MAY 23, 2023

Our goal will be to achieve this multi-cloud strategy in a way that is cost-neutral to customers, while allowing them to choose where they want to run applications or workloads. These forward-looking statements are based on current expectations and beliefs of Broadcom management and current market trends and conditions.

Uncertainty 135

Uncertainty Cost-Benefit Risk Technology 135

CIO Business Intelligence

AUGUST 1, 2022

Upgrading IT and data security to reduce corporate risk was the No. 1 CEO priority for respondents to the IDG/Foundry “State of the CIO Study 2022” research , cited by a third of the respondents. They can get the right benefits and insights out of data without managing it or worrying about compliance and security risks.”.

Strategy 93

Strategy Cost-Benefit Risk Management 93

CIO Business Intelligence

NOVEMBER 23, 2022

Only 20% of respondents said that their EA programs allowed for faster innovation and faster time to market, while just 6% claimed that enterprise architects were included in agile teams and had the authority to influence technology decisions. EA, and its goals, however, are constantly evolving.

Enterprise 124

Enterprise Cost-Benefit Digital Transformation Strategy 124

Ontotext

OCTOBER 11, 2023

Scalability – a significant cost reduction for
scale-ups. In addition, he also mentioned the lack of standardized measurements for understanding the impact and the potential harm AI-powered projects have and the risks they bring. Long story short, we wanted to use the power of knowledge graphs for marketing purposes.

Metadata 69

Metadata Cost-Benefit Marketing Modeling 69

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 73

Consulting Cost-Benefit Optimization Machine Learning 73

CIO Business Intelligence

FEBRUARY 13, 2023

“We run factories and help companies run them and optimize them” and AI is used to optimize everything from getting more throughput to better quality to preventative maintenance, productivity, and cost optimization, Nardecchia says. It’s all about uptime and input.

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

SEPTEMBER 14, 2022

IT leaders in EMEA are increasingly leading digital transformation efforts, with 84% of CIOs saying they’re responsible for these efforts, according to the Foundry 2022 State of the CIO study. Yet, there is risk in sidelining these issues and not moving quickly. But significant challenges remain.

IT 81

IT Digital Transformation Cost-Benefit Consulting 81

CIO Business Intelligence

MARCH 15, 2023

Solicit input from trusted deputies and document the risks and implications of specific line items. Build multiple budget scenarios with increasing levels of cost reduction to illustrate the plays you could run in response to various market conditions. Now is the time to hone those skills. CFO, CIO, IT Leadership

Uncertainty 90

Uncertainty Cost-Benefit Forecasting Insurance 90

CIO Business Intelligence

JANUARY 9, 2024

IT leaders say they’re discussing everything from the costs of AI implementations to whether AI is the existential threat to humanity some fear. ChatGPT caused quite a stir after it launched in late 2022, with people clamoring to put the new tech to the test. Which business cases actually need AI?

IT 128

IT Risk Cost-Benefit Enterprise 128

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. leading to poor performance and high cost.

Optimization 109

Optimization Cost-Benefit Consulting Strategy 109

CIO Business Intelligence

AUGUST 17, 2023

But, as with any big new wave, there is a risk of once-promising projects being washed up and there are clear and obvious concerns over governance, quality and security. We ran workshops with every division of our business, educating them on the accelerating innovation in this area, brainstorming opportunities and risks.

Risk 94

Risk Cost-Benefit Strategy Experimentation 94