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

AWS Big Data

MARCH 12, 2024

Our commitment to efficiency is unwavering, and we’ve undertaken an exciting initiative to optimize our batch processing jobs. By early 2022, we successfully migrated our big data workloads to EMR on EC2. For example, Adaptive Query Execution in Spark 3 brings significant performance and cost improvements.

Cost-Benefit 89

Cost-Benefit Optimization Big Data Metrics 89

Timo Elliott

MAY 27, 2022

First, data is by default, and by definition, a liability , because it costs money and has risks associated with it. I was at the Gartner Data & Analytics conference in London a couple of weeks ago and I’d like to share some thoughts on what I think was interesting, and what I think I learned….

Data Analytics 123

Data Analytics Analytics Recreation/Entertainment Data Lake 123

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. With predictive analytics, organizations can find and exploit patterns contained within data in order to detect risks and opportunities. Financial services: Develop credit risk models.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

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 99

Reporting Cost-Benefit Internet of Things Data-driven 99

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 133

IT Cost-Benefit Digital Transformation Software 133

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. At the same time, innovation and modernization are imperative for business survival.

Cost-Benefit 105

Cost-Benefit Software Digital Transformation Risk 105

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 119

Unstructured Data Cost-Benefit Risk Data-driven 119

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 105

IT Digital Transformation IoT Cost-Benefit 105

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 105

Cost-Benefit Business Objectives ROI Risk 105

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. It extends and optimizes cloud stacks to dedicated IT environments, so organizations can run workloads where and how they want.

Strategy 98

Strategy Cost-Benefit Optimization Modeling 98

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 145

Predictive Analytics Technology Analytics Machine Learning 145

CIO Business Intelligence

SEPTEMBER 7, 2023

Nearly 95% of organizations say hybrid work has led them to invest more in data protection and security, according to NTT’s 2022–23 Global Network Report. Adopting Prisma SASE reduces cost and risk while speeding up your digital transformation. But a SASE transformation is not always as straightforward as it seems. The solution?

IT 111

IT Data Lake Cost-Benefit Digital Transformation 111

IBM Big Data Hub

MAY 26, 2023

Cloud computing offers the potential to redefine and personalize customer relationships, transform and optimize operations, improve governance and transparency, and expand business agility and capability. Of these breaches, 45% were cloud-based, costing USD 10.10M on an average, per breach.

Consulting 80

Consulting Cost-Benefit Optimization Machine Learning 80

IBM Big Data Hub

DECEMBER 12, 2023

Let’s explore how the IBM® Maximo® Application Suite (MAS) can help you optimize the efficiency of your assets through operational emissions management. To manage these byproducts effectively, focus on optimizing your assets and identifying emerging issues early on.

Management 77

Management Cost-Benefit Optimization Strategy 77

IBM Big Data Hub

JANUARY 11, 2024

In this article, we’re going to look at some common threats and how disaster recovery plans (DRPs) and solutions can optimize preparedness. The benefits of business disaster recovery Disasters can cause all kinds of problems for businesses. million—a 15% increase over the last 3 years.

Cost-Benefit 104

Cost-Benefit Risk Enterprise Software 104

CIO Business Intelligence

DECEMBER 8, 2022

The negative impact of legacy networks can be substantial: increased operational costs, restricted potential for digital transformation and difficulty responding to the demands of the business. You can actually achieve the same benefit with ZTNA features that are readily available.” Networking.

Cost-Benefit 128

Cost-Benefit Digital Transformation Strategy Risk 128

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 97

IT Digital Transformation Cost-Benefit Consulting 97

Smart Data Collective

DECEMBER 13, 2021

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. Here are five marketing strategies you need to use to grow your e-commerce store in 2022.

Data-driven 136

Data-driven Marketing Strategy Big Data 136

CIO Business Intelligence

FEBRUARY 27, 2023

Forrester’s Infrastructure Cloud Survey 2022 reveals that cloud decision-makers have implemented containerized applications that account for half of the total workloads in their organizations. The growth of Kubernetes, and the benefits it brings to organizations, is not something that is going away.

Cost-Benefit 145

Cost-Benefit Digital Transformation Strategy Software 145

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. The push for elevated cybersecurity protections is also filtering down into storage and data management requirements.

Strategy 98

Strategy Cost-Benefit Risk Management 98

Smart Data Collective

JUNE 28, 2022

Although this is a structural problem, it’s vital for individuals, families and businesses to optimize their energy consumption, both to mitigate the staggering prices and initiate a widespread move towards more mindful and responsible energy consumption. The impact.

Technology 111

Technology Cost-Benefit Consulting Data-driven 111

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

Cloudera

JANUARY 5, 2023

In the past year, businesses who doubled down on digital transformation during the pandemic saw their efforts coming to fruition in the form of cost savings and more streamlined data management. The results are higher revenues, lower risks, and increased productivity for the bank. 1- Treating data as a strategic business asset .

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

Cloudera

OCTOBER 6, 2022

Gartner : “Digital transformation can refer to anything from IT modernization (for example, cloud computing), to digital optimization, to the invention of new digital business models.”. A major goal of these projects is cost reduction; it’s not sexy, it’s pragmatic. Cost savings opportunities. Strategies to maximize impact.

Digital Transformation 89

Digital Transformation Cost-Benefit Data Lake Machine Learning 89

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. growth in 2022, according to Gartner. It’s all about uptime and input.

IT 145

IT Insurance Machine Learning Marketing 145

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

IBM Big Data Hub

JULY 19, 2023

The exponential leap in generative AI is already transforming many industries: optimizing workflows , helping human teams focus on value added tasks and accelerating time to market. Supply Chain: Demand forecasting, supply chain optimization, risk assessment and mitigation.

Consulting 65

Consulting Machine Learning Manufacturing Optimization 65

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

APRIL 19, 2022

Meanwhile, the “ 2022 State of Enterprise Tech Employment ” report from Motion Recruitment found that 42% of the total workforce are 1099 workers, independent contractors, or freelancers and that 90% of companies are moving to a blend of full-time and freelance employees. The university extends employee benefits to contract workers.

IT 98

IT Cost-Benefit Strategy Consulting 98

CIO Business Intelligence

OCTOBER 1, 2022

In summer 2022, P&G sealed a multiyear partnership with Microsoft to transform P&G’s digital manufacturing platform. Cretella says P&G will make manufacturing smarter by enabling scalable predictive quality, predictive maintenance, controlled release, touchless operations, and manufacturing sustainability optimization.

Manufacturing 145

Manufacturing Digital Transformation IoT Internet of Things 145

IBM Big Data Hub

JUNE 2, 2023

Our approach focuses on business data domain-centric initiatives that can deliver value in the short term and create a development ecosystem conducive to incremental optimization—instead of a risky big-bang application and infrastructure update. 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

JULY 27, 2023

As of 2022, the EAM market was valued at nearly $6 billion , with a compound annual growth rate of 16.9% Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs. through 2030. It can also significantly increase uptime and lifespan.

Cost-Benefit 60

Cost-Benefit IoT Internet of Things Enterprise 60

CIO Business Intelligence

JANUARY 20, 2023

In 2022, the percentage of remote workdays in the US soared above the pre-pandemic levels of 5 percent to reach 30 percent. [1] In 2022, the percentage of remote workdays in the US soared above the pre-pandemic levels of 5 percent to reach 30 percent. [1] Additionally, VDI can reduce operational costs in two ways.

Technology 59

Technology Cost-Benefit Deep Learning Modeling 59

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. 1 IDC, MLOps – Where ML Meets DevOps, doc #US48544922, March 2022. Request a Demo.

Metrics 145

Metrics Statistics Modeling Data Science 145

CIO Business Intelligence

SEPTEMBER 8, 2022

In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years. Businesses are facing a rapidly evolving set of threats from supply chain constraints, rising fuel costs, and shipping delays.

Cost-Benefit 122

Cost-Benefit Internet of Things Data-driven Data Lake 122

Ontotext

AUGUST 17, 2023

These failures are at least partly due to the absence of graph technologies, at the center of those transformations, allowing companies to “connect the dots” across their data to drive optimal outcomes. ” (See “Market Guide for Graph Database Management Systems”, Published 30 August 2022, by Merv Adrian and Afraz Jaffri).

Digital Transformation 52

Digital Transformation IT Cost-Benefit Consulting 52