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New Research Finds Data Quality Chasm Looms as Organizations Strive for Data Fluency

Jet Global

Report from insightsoftware and Hanover Research reveals the gaps that need to be bridged to reach data fluency, noting challenges in data quality and connection. According to the report, the first hurdle for businesses is a lack of data quality. Many organizations are not there, yet. About insightsoftware.

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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 2 Unless your demand forecasting is accurate, adopting a reactive approach might prove less efficient. Results may vary.

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IBM named a leader in ESG reporting and data management software by independent research firm

IBM Big Data Hub

In reviewing IBM’s capabilities in ESG Reporting and Data Management, the Verdantix report notes that IBM has strengths in: Data quality control and enhancement, including “easy-to-understand reports to better analyze data quality.

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Why Finance Teams are Struggling with Efficiency in 2023

Jet Global

And on the other, internal pressures like the need for more frequent, accurate forecasting force CFOs to re-evaluate their existing tools and processes. This year’s survey highlighted a significant drop in teams expecting to grow in 2023 down to 64%, compared to 73% in 2022. The Result? Struggling With Skills Shortages?

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Better, faster decisions: Why businesses thrive on real-time data

CIO Business Intelligence

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. The ability to pivot quickly to address rapidly changing customer or market demands is driving the need for real-time data.

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3 Massive Cost-Saving Benefits of Smart Data for Businesses

Smart Data Collective

Another way in which businesses can reduce their expenses is by using smart data. Companies around the world are projected to spend $274 billion on big data by 2022. One of the reasons that the market is growing so rapidly is that smart data is improving the quality of data-driven business models.

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The Rise of Unstructured Data

Cloudera

Most of that data will be unstructured, and only about 10% will be stored. Seagate Technology forecasts that enterprise data will double from approximately 1 to 2 Petabytes (one Petabyte is 10^15 bytes) between 2020 and 2022. Data curation. Less will be analysed.