CIO Business Intelligence

JANUARY 4, 2023

Cloud, sustainability, scale, and exponential data growth—these major factors that set the tone for high performance computing (HPC) in 2022 will also be key in driving innovation for 2023. Fortunately, the HPC community is both collaborative and transparent in our work to apply and advance supercomputing technologies.

Cost-Benefit 59

Cost-Benefit Machine Learning Modeling Uncertainty 59

IBM Big Data Hub

APRIL 22, 2024

“But it’s important to reap these benefits while minimizing the environmental impact. According to the European Union’s 2023 Energy Efficiency Directive , Europe’s data center electricity consumption is expected to grow 28% from 2018 to 2030, exemplifying the environmental costs of AI usage.

Cost-Benefit 88

Cost-Benefit Modeling Manufacturing Reporting 88

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? So it’s Monday, and you lead a data analytics team of perhaps 30 people. Like most leaders of data analytic teams, you have been doing very little to quantify your team’s success. There are four main benefits of reducing errors. Introduction. You’ve got a new boss.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

Jen Stirrup

AUGUST 18, 2023

AI can help here in various ways, notably to support optimization in exploration and production efforts with a view on sustainability. AI can optimize drilling and production processes by analyzing enormous amounts of data at speed, such as seismic data, well logs, and reservoir simulation data.

Optimization 96

Optimization Cost-Benefit IoT Data-driven 96

IBM Big Data Hub

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. This blog outlines some BPR examples that benefit from a BPM methodology.

Cost-Benefit 57

Cost-Benefit Finance Optimization Key Performance Indicator 57

IBM Big Data Hub

FEBRUARY 19, 2024

The challenges continue: one 2023 survey found 44% of companies had to make changes in the past year due to issues with their supply chain footprint, and 49% said supply chain disruptions had caused planning problems.

Strategy 81

Strategy Management Forecasting Cost-Benefit 81

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 84

Testing Modeling Cost-Benefit Consulting 84

CIO Business Intelligence

APRIL 11, 2024

In 2023, nearly one-third of U.S. Better operational efficiency Nearly all ( 89%) of IT decision makers agree that data analytics is the lifeblood of modern government. Because AI can crunch down and produce actionable data in seconds to significantly improve operational efficiency, cost optimization, service delivery, and compliance.

Cost-Benefit 88

Cost-Benefit Predictive Analytics Data-driven Risk 88

AWS Big Data

NOVEMBER 27, 2023

Today, we’re excited to bring the benefits of Graviton3 to Kafka workloads, with Amazon MSK now offering M7g instances for new MSK provisioned clusters. These performance improvements, along with M7g’s lower prices provide up to 24% in compute cost savings over M5 instances. Gbps up to 10 Gbps M7g.xlarge 4 16 GiB up to 12.5

Cost-Benefit 97

Cost-Benefit Optimization Testing Management 97

AWS Big Data

NOVEMBER 20, 2023

These pipelines pull data from various sources, transform it, and load it into destination systems for analytics and reporting. As a result, you gain the benefit of higher availability, better performance, and lower cost for your AWS Glue for Apache Spark workload. workerUtilization showed 1.0 Check it out!

Metrics 95

Metrics Data Lake Cost-Benefit Dashboards 95

CIO Business Intelligence

FEBRUARY 13, 2023

The economy may be looking uncertain, but technology continues to drive the business and CIOs are investing big in 2023. This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). in 2023, the firm says.

IT 145

IT Insurance Machine Learning Marketing 145

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. The new instance … was a great feature for us,” Wang says. “It

Data Warehouse 111

Data Warehouse Cost-Benefit Sales Data-driven 111

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. Such analysis and decision-making are often optimized with the help of various technologies, including artificial intelligence tools and data analytics platforms.

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation. Our focus is on curating reusable data and AI insights,” she says.

Cost-Benefit 129

Cost-Benefit Digital Transformation Consulting Strategy 129

CIO Business Intelligence

NOVEMBER 8, 2023

Maintaining them through upgrades and ensuring compatibility with core systems was draining, costing too much time and money. By optimizing and standardizing processes and operations, it is easier to take advantage of new innovations constantly being offered with applications. Union Pacific had over 100 custom applications.

Cost-Benefit 109

Cost-Benefit Digital Transformation Data-driven Finance 109

IBM Big Data Hub

OCTOBER 17, 2023

In a research brief defining “5 trends for 2023,” the IBM Institute for Business Value reports, “In 2023, rapid response is the new baseline. To meet these objectives, business and data professionals need to go beyond cookie-cutter business intelligence, data visualization dashboards and data analytics tools.

Data-driven 77

Data-driven Cost-Benefit Uncertainty Dashboards 77

CIO Business Intelligence

SEPTEMBER 7, 2023

As the index shows, the benefits of such an approach are widely celebrated. Introduced in April 2023, VMware Cross-Cloud managed services feature a portfolio of highly refined prescriptive services designed to address the most important requirements of organizations embracing a multi-cloud approach.

Enterprise 83

Enterprise Management Cost-Benefit Optimization 83

Laminar Security

DECEMBER 1, 2023

According to a recent report by IBM , the average cost of a data breach in 2023 was $4.24 Laminar’s State of Cloud Data Security Report 2023 revealed that three out of four respondents acknowledged that their cloud environments were breached in the previous year. million, the highest it’s been in 17 years.

Modeling 52

Modeling Cost-Benefit Risk Data-driven 52

AWS Big Data

MAY 31, 2024

This encompasses tasks such as integrating diverse data from various sources with distinct formats and structures, optimizing the user experience for performance and security, providing multilingual support, and optimizing for cost, operations, and reliability. Molly Wu is an Associate Cloud Developer at AWS.

Metadata 107

Metadata Management Testing Data-driven 107

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 74

Consulting Cost-Benefit Optimization Machine Learning 74

CIO Business Intelligence

MARCH 19, 2024

According to NTT DATA’s 2023 Global Employee Experience Trends Report , nearly 60% of employees around the world are now working remotely all or some of the time – and India is no exception. By using less space more efficiently, they can reduce rental, maintenance and utility costs as well as their carbon footprint.

Cost-Benefit 69

Cost-Benefit Reporting Technology Optimization 69

CIO Business Intelligence

JANUARY 20, 2023

Companies benefit by keeping or acquiring geographically-dispersed top talent often attracted to a flexible work environment. Notably, businesses are adopting virtual desktop infrastructure (VDI) as a way to keep data secure, teams collaborative, and staff productive while reducing costs.

Technology 59

Technology Cost-Benefit Deep Learning Modeling 59

CIO Business Intelligence

JUNE 13, 2022

Juniper Research predicts that chatbots will account for 79% of successful mobile banking interactions in 2023. And the chatbot would be able to understand what you were asking, run analytics on your purchases, and give you a total. And that not only benefits customers, but it can also increase morale among the employees.

Data Processing 83

Data Processing Deep Learning Insurance Cost-Benefit 83

IBM Big Data Hub

JUNE 30, 2023

Automation will enable organizations to identify and resolve critical supply chain issues faster with end-to-end visibility , advanced analytics and actionable workflows. Optimize your maintenance inventory. As an added benefit, this can reduce working capital tied up to carrying high M&R part inventory levels.

Consulting 67

Consulting Cost-Benefit Manufacturing B2B 67

CIO Business Intelligence

OCTOBER 21, 2022

But, with all this growth comes new potential costs. Amid a fast-changing landscape, contact center executives have a critical task: Keep pace and grow while also reducing costs and driving efficiency. Let’s look at four key decisions that can fuel effective cost management in contact centers. billion by 2030, a CAGR of 24.8%.

Cost-Benefit 71

Cost-Benefit Testing Metrics Marketing 71

CIO Business Intelligence

DECEMBER 22, 2023

To tackle that, businesses are turning their budgets toward the cloud, with two out of every three IT decision-makers planning to increase cloud budgets in 2024, and nearly a third (31%) reporting that 31% of their IT budget is earmarked for cloud computing, according to the 2023 Cloud Computing Study from CIO.com parent company Foundry.

Consulting 116

Consulting Software Business Objectives Optimization 116

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.

Cost-Benefit 87

Cost-Benefit Machine Learning Metrics Marketing 87

IBM Big Data Hub

AUGUST 15, 2023

In 2023, TCS was selected to FORTUNE® magazine’s list of the World’s Most Admired Companies. Our partnership benefits from IBM’s expertise in cloud computing , artificial intelligence (AI) and analytics, and TCS’s experience in digital transformation, consulting and cloud-engineering services.

Consulting 58

Consulting Cost-Benefit Digital Transformation Testing 58

AWS Big Data

MARCH 10, 2023

Moreover, many customers are looking for an architecture where they can combine the benefits of a data lake and a data warehouse in the same storage location. EMR Serverless is a serverless option that makes it easy for data analysts and engineers to run Spark-based analytics without configuring, managing, and scaling clusters or servers.

Data Lake 102

Data Lake Sales Data Warehouse Snapshot 102

CIO Business Intelligence

FEBRUARY 17, 2023

The blueprint of that transformation, which is based on Google Cloud Platform and its core microservices, was designed roughly two years ago but its implementation — which first involves migrating data to the cloud and then implementing analytics — has just begun. Today, the company uses Tableau and PowerBI for analytics.

Digital Transformation 105

Digital Transformation IoT Manufacturing Sales 105

DataKitchen

FEBRUARY 21, 2023

On 24 January 2023, Gartner released the article “ 5 Ways to Enhance Your Data Engineering Practices.” Or, as one of our customers put it, “How do I increase the total amount of team insight generated without continually adding more staff (and cost)?” Staff turnover, stress, and unhappiness. And that code creates complexity.

Data-driven 130

Data-driven Testing Risk Cost-Benefit 130

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 89

Cost-Benefit Modeling Manufacturing Interactive 89

CIO Business Intelligence

MAY 16, 2022

To reap the benefits, organizations need to modernize with a decentralized data strategy that delivers the speed and flexibility necessary for driving smarter outcomes for the business. The concept of the edge is not new, but its role in driving data-first business is just now emerging. IDC estimates that there will be 55.7

IoT 77

IoT Data Warehouse Internet of Things Machine Learning 77

Smart Data Collective

JANUARY 11, 2021

A number of manufacturers are relying more on analytics technology to streamline their operations. Cloud computing is also helping manufacturing companies to reduce costs, innovate, and increase their competitiveness. There are three major benefits that we highlighted here. Can Help to Provide Better Quality.

Manufacturing 100

Manufacturing Cost-Benefit Internet of Things Big Data 100

IBM Big Data Hub

JUNE 30, 2023

Chamber of Commerce , there were more than 10 million job openings in the spring of 2023, but only 5.7 That puts workers at an advantage, allowing them to negotiate for higher pay, better benefits and conditions that create a more favorable work-life balance. According to the U.S. million unemployed workers in the U.S.

Cost-Benefit 54

Cost-Benefit Consulting Machine Learning Strategy 54

CIO Business Intelligence

JANUARY 4, 2023

In its Worldwide Sustainability/ESG 2023 Predictions , analyst firm IDC sees digital and sustainability transformations converging. This should not just be a discussion about costs; sustainability should be considered as a business outcome.” This will drive down your cost and have a positive impact on sustainability at the same time.”

IT 119

IT Internet of Things Reporting Cost-Benefit 119

IBM Big Data Hub

NOVEMBER 8, 2023

At the beginning of the year, we laid out a new strategy for IBM Power under the leadership of Ken King, who will be retiring by the end of 2023 after forty years with IBM. Oracle will be releasing Oracle Database 23c on Power , as part of their next Long Term Release as reported in April 2023.

Strategy 93

Strategy Data-driven Cost-Benefit Digital Transformation 93