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. Data errors can cause compliance risks.

Metrics 120

Metrics Software Cost-Benefit Testing 120

CIO Business Intelligence

MAY 5, 2023

The combination of CarMax’s revolutionary digital business model applied to the used-car business with revolutionary AI tools available to all makes for powerful and profitable business outcomes. Despite the current overall economic slowdown, CarMax’s Q4 2022 revenues rose 48.8% We were able to do this literally in a matter of hours.”

Digital Transformation 145

Digital Transformation Cost-Benefit Business Driver Data Lake 145

CIO Business Intelligence

FEBRUARY 29, 2024

The tool enables businesses to extract intelligence from across a diversity of different data sources using large language models (LLMs – a type of generative AI capable of producing human-like text). The ask-an-expert tool enables manufacturers to increase productivity, drive down costs, and improve employees’ work-life balance.

Manufacturing 110

Manufacturing Unstructured Data Cost-Benefit Risk 110

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 do you adapt a foundational model to your specific needs? How much is all this really going to cost? Companies must act now in order to stay in the AI Race. What about security, privacy, and trust concerns?

Cost-Benefit 78

Cost-Benefit Machine Learning Enterprise Modeling 78

CIO Business Intelligence

APRIL 17, 2024

billion in 2022. By 2026, more than 80% of enterprises will have used GenAI-based APIs or models, and/or deployed GenAI-enabled applications in production environments, up from less than 5% in 2023, according to Gartner. MuleSoft, acquired by Salesforce in 2018 for $5.7 What Informatica has to gain or lose? billion and $1.6

Cost-Benefit 128

Cost-Benefit B2B Marketing Enterprise 128

CIO Business Intelligence

JUNE 21, 2023

In 2022, companies were still reeling from the rapid digital transformation efforts to survive the pandemic. A common but critical challenge I hear from CIOs, CTOs, and CDOs every day is that they have a difficult time helping the C-suite understand that IT is the very architecture for the future of business, not a cost center.

Modeling 105

Modeling Cost-Benefit Digital Transformation ROI 105

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. This is data that’s artificially produced to mimic and model real events: It retains the structure of the original data but is not the same as real data. What a week!

Metadata 52

Metadata Data Analytics Analytics Data Governance 52

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. Better quality code. Here are some of the key things to look for.

Digital Transformation 141

Digital Transformation Cost-Benefit Data Processing Software 141

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. billion in 2022, according to a research study published by The Insight Partners in August 2022.

Predictive Analytics 143

Predictive Analytics Analytics Predictive Modeling Forecasting 143

CIO Business Intelligence

DECEMBER 18, 2023

This year, GenAI and Large Language Models, such as ChatGPT, are positioned as vectors of change. 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.

Cost-Benefit 97

Cost-Benefit Risk Strategy Manufacturing 97

CIO Business Intelligence

FEBRUARY 22, 2024

There’s no defined hierarchical structure, but the Hub is based on a transversal and collaborative model where groups are created, and employees from all areas work on specific projects along with external experts. One of the main strategic transversal areas is AI. With this in mind, the AI ​​CoE acts along two clear lines at a global level.

IT 101

IT Digital Transformation IoT Cost-Benefit 101

CIO Business Intelligence

MAY 16, 2023

Many found these environments difficult to manage, govern and modernize, all while controlling costs. All these challenges limited the benefits the multicloud model was supposed to unlock. There’s another way to approach the challenge of the multicloud operating model. What is multicloud by design?

Strategy 91

Strategy Cost-Benefit Optimization Modeling 91

CIO Business Intelligence

OCTOBER 23, 2023

In today’s uncertain economic landscape, it is no surprise that organizations are driven to optimize business costs. It’s a win-win scenario when moving to an as-a-service model. 1 Based on an ESG whitepaper commissioned by Dell: Economic Validation Understanding the Economic Benefits of Dell Technologies APEX, July 2022.

Cost-Benefit 96

Cost-Benefit Uncertainty Digital Transformation Optimization 96

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. Because of the development of open DevOps/AppDev solutions, businesses can deliver applications to market faster, at lower cost, and with less risk. Modernizing in place.

Cost-Benefit 96

Cost-Benefit Software Digital Transformation Risk 96

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 2022, 55% of organizations will be boosting resiliency, as well as improving profitability, innovation rates, and cost efficiencies by more than 20% compared to their peers.

Digital Transformation 102

Digital Transformation Cost-Benefit Uncertainty Technology 102

CIO Business Intelligence

SEPTEMBER 7, 2023

That’s why, around the world, governments and the defense industry as a whole are now investing and exploring generative artificial intelligence (AI), or large language models (LLMs), to better understand what’s possible. MarketResearch.biz forecasts generative AI’s growth in defense at 21% CAGR from 2022-2032, creating a market size of $2.91

Unstructured Data 112

Unstructured Data Cost-Benefit Risk Risk Management 112

CIO Business Intelligence

MARCH 8, 2023

Another report found that between 2018 and 2022, the percentage of NetOps teams that are successful with their overall missions has declined from 47% to 27%. Public cloud Public cloud services are popular because they offer organizations flexibility, lower costs, and more rapid deployments.

Digital Transformation 95

Digital Transformation Cost-Benefit Data-driven Reporting 95

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 119

Cost-Benefit Measurement Optimization Metrics 119

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 103

Cost-Benefit Business Objectives ROI Risk 103

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. Circular economy: When waste is a resource Waste not, want not: the circular economy model, which aims to minimize unnecessary waste and make the most of resources, is booming.

Reporting 99

Reporting Cost-Benefit Internet of Things Data-driven 99

DataRobot Blog

SEPTEMBER 1, 2022

The latest McKinsey Global Survey on AI proves that AI adoption continues to grow and that the benefits remain significant. But in the COVID-19 pandemic’s first year, many felt more strongly about the cost-savings front than the top line. Your model was accurate yesterday, but what about today? How can I get a better model fast?

Metrics 145

Metrics Statistics Modeling Data Science 145

Smart Data Collective

JANUARY 27, 2022

More businesses than ever are transitioning to data-driven business models. This blog post will explore 5 ways to make the most of your IT budget while creating a data strategy in 2022. #1 Not only will this improve productivity, but it can also lead to cost savings down the road. 3 Upgrade Your Network Infrastructure.

Optimization 106

Optimization IT Big Data Cost-Benefit 106

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 110

Data Warehouse Cost-Benefit Sales Data-driven 110

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. in 2022 to $623 billion globally. AI enhances operational efficiency. Gartner highlights AI trend in banking.

Predictive Analytics 144

Predictive Analytics Technology Analytics Machine Learning 144

IBM Big Data Hub

MAY 26, 2023

Leading life science companies are leveraging cloud for innovation around operational, revenue and business models. 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.

Consulting 80

Consulting Cost-Benefit Optimization Machine Learning 80

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. Models are retrained approximately once per business quarter.

Cost-Benefit 98

Cost-Benefit Machine Learning Metrics Marketing 98

CIO Business Intelligence

FEBRUARY 14, 2023

Of course, his predecessor knew that too, and so the consolidation of the two SAP systems was under discussion for almost a decade by the time Grayling finally convinced his fellow executives that the cost of consolidation would be less than continuing with separate systems. “It It was easier to do with a strong financial benefit, for sure.”

Data Processing 98

Data Processing Cost-Benefit Testing Modeling 98

CIO Business Intelligence

SEPTEMBER 29, 2023

That’s because generative AI large language models (LLMs) have prowess in text-based generation, readily finding language and word patterns. 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% during the next decade to exceed USD 9.48

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

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

Ontotext

OCTOBER 11, 2023

These delved deep into the transformative potential of Large Language Models (LLMs) and the need for semantic technologies to ensure high-quality training data for these models. Scalability – a significant cost reduction for
scale-ups. Are LLMs Knowledgeable?

Metadata 69

Metadata Cost-Benefit Marketing Modeling 69

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 128

IT Consulting Testing Cost-Benefit 128

CIO Business Intelligence

NOVEMBER 17, 2022

Have you planned for an operating model that is sustainable from a budget standpoint? Transmitting data to edge processing points and central data centres also needs to be both high-performing and cost-efficient. If none are suitable, can you create a department dedicated to it? Do you have a digital and data strategy in place?

Digital Transformation 95

Digital Transformation IoT Cost-Benefit Technology 95

CIO Business Intelligence

SEPTEMBER 14, 2023

Additionally, Peterson says large language models (LLMs) are enabling Nasdaq to “create new kinds of intelligence reports for investors and corporate customers that leverage the company’s proprietary data sets and drive faster, more impactful content creation in Nasdaq’s marketing and communication teams.” Not just the technology group.”

Risk Management 114

Risk Management Risk Marketing Cost-Benefit 114

CIO Business Intelligence

AUGUST 1, 2022

1 CEO priority for respondents to the IDG/Foundry “State of the CIO Study 2022” research , cited by a third of the respondents. Gartner research shows that 60% of all enterprises will require storage products to have integrated ransomware defense and mitigation mechanisms by 2025, up from 10% in 2022. Partner Ecosystem at Work.

Strategy 94

Strategy Cost-Benefit Risk Management 94

CIO Business Intelligence

DECEMBER 7, 2022

When businesses migrate to public cloud, they expect to enjoy greater agility, resiliency, scalability, security, and cost-efficiency. Indeed, 39% surveyed cited concerns about controlling costs. But cost-efficiencies from public-cloud adoption can be undermined if organizations overspend to get there.

Cost-Benefit 92

Cost-Benefit Business Objectives Business Driver Data Processing 92

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 135

Data-driven Marketing Strategy Big Data 135

Smart Data Collective

DECEMBER 20, 2022

Many of these buyers are enamored with the idea of using AI to improve their business models, but don’t make sure that they are getting the right value from it. 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.

Cost-Benefit 109

Cost-Benefit Software Sales Finance 109