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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 Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0

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12 data science certifications that will pay off

CIO Business Intelligence

The US Bureau of Labor Statistics (BLS) forecasts employment of data scientists will grow 35% from 2022 to 2032, with about 17,000 openings projected on average each year. You should also have experience with pattern detection, experimentation in business optimization techniques, and time-series forecasting.

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Run Spark SQL on Amazon Athena Spark

AWS Big Data

At AWS re:Invent 2022, Amazon Athena launched support for Apache Spark. Running SQL on data lakes is fast, and Athena provides an optimized, Trino- and Presto-compatible API that includes a powerful optimizer. With this launch, Amazon Athena supports two open-source query engines: Apache Spark and Trino.

Data Lake 101
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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

DSS vs. decision intelligence Research firm, Gartner, declared decision intelligence a top strategic technology trend for 2022. These DSS include systems that use accounting and financial models, representational models, and optimization models. Optimization analysis models. Forecasting models. Model-driven DSS.

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3 technology trends set to revolutionize retail

CIO Business Intelligence

As per RBR London’s Mobile Self-Scanning and Checkout-Free 2022 study , there has been a threefold increase in the number of stores leveraging checkout-free technology worldwide. From 250 such stores in 2021, the study forecasts the number to touch 12,000 by 2027.

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Five ways to reduce your public cloud spend with IBM Turbonomic

IBM Big Data Hub

A recent survey 1 found that cloud over-spending was higher in 2022 than in the previous year: 56% of companies surveyed admitted that spending on public cloud was significantly over budget, some by over 20% to 30% of their intended spend. Eliminate cloud waste through optimization Figure 3: IBM Turbonomic cloud cost optimization.

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How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

While we are at it, Gartner’s 2022 report on business composability further pushes the need for analytics. The answers captured above further enable a CIO to create a top-level view and evaluate how optimal is the spending, how progressive is the pipeline and ultimately how on track are the committed deliverables. . Conclusion.