Timo Elliott

FEBRUARY 8, 2023

New cloud platform technologies have unleashed new opportunities for business model innovation. ActoVent in Germany is a great example of this trend, and has explained the technical and business opportunities in their entry to the SAP Innovation Awards 2023. Over 70% is for the energy costs of the filter.

Modeling 98

Modeling Cost-Benefit Optimization Machine Learning 98

AWS Big Data

NOVEMBER 8, 2023

Save the date: AWS re:Invent 2023 is happening from November 27 to December 1 in Las Vegas, and you cannot miss it. To derive meaningful insights and ensure the optimal performance of machine learning (ML) and generative AI models, data needs to be ingested and processed in real time. Reserve your seat now!

Data-driven 87

Data-driven Data Lake Machine Learning Cost-Benefit 87

CIO Business Intelligence

SEPTEMBER 14, 2023

In a rapidly evolving business landscape, where innovation and cost efficiency are paramount, the launch of VMware Cross-Cloud managed services at VMware Explore 2023 Las Vegas is a pivotal moment. Flexibility: Organizations can now choose the cloud environments that best suit their specific needs.

Management 85

Management Cost-Benefit Optimization ROI 85

CIO Business Intelligence

NOVEMBER 8, 2023

It is estimated by the end of 2023, 31% of organizations expect to run 75% of their workloads 2 in the cloud. 1 The rapid migration to the public cloud comes with numerous benefits, such as scalability, cost-efficiency, and enhanced collaboration. 6 On top of that, the average cost of a data breach is over $4.4

Cost-Benefit 135

Cost-Benefit Risk Digital Transformation Reporting 135

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. 3- Continued move to the public cloud and hybrid cloud, optimizing deployments. 1- Treating data as a strategic business asset .

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

CIO Business Intelligence

NOVEMBER 27, 2023

On top of that, Gen AI, and the large language models (LLMs) that power it, are super-computing workloads that devour electricity.Estimates vary, but Dr. Sajjad Moazeni of the University of Washington calculates that training an LLM with 175 billion+ parameters takes a year’s worth of energy for 1,000 US households. Not at all.

Risk 132

Risk Cost-Benefit Modeling Optimization 132

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

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 270

Advertising Cost-Benefit Marketing Risk 270

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. Due to the rapid growth in data sizes, there’s an increased need for HPC solutions that can run large training models.

Cost-Benefit 59

Cost-Benefit Machine Learning Modeling Uncertainty 59

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

AWS Big Data

MAY 1, 2024

Currently, we have approximately 120,000 employees worldwide (as of March 2023), including group companies. To provide a variety of products, services, and solutions that are better suited to customers and society in each region, we have built business processes and systems that are optimized for each region and its market.

Dashboards 111

Dashboards Data-driven Publishing Cost-Benefit 111

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 97

Strategy Cost-Benefit Optimization Modeling 97

Ontotext

DECEMBER 30, 2022

This makes 2023 both a very challenging and exciting year! GraphDB 10 brings smarter and simpler cluster architecture enabling, among other benefits, best in class resilience and reduced infrastructure costs. Have a cup of tea or a glass of wine and enjoy the story! Typical memory usage is now 15% to 20% less.

Enterprise 52

Enterprise Sales Cost-Benefit Marketing 52

CIO Business Intelligence

NOVEMBER 1, 2023

SAP doesn’t want to build those tools from scratch itself: “We definitely want to leverage what’s already out there,” Sun said, noting there are already many large language models (LLMs) it can build on, adding its own prompting, fine tuning, and data embedding to get those models to business customers quickly.

Enterprise 132

Enterprise Cost-Benefit Unstructured Data Software 132

Jen Stirrup

FEBRUARY 24, 2024

Artificial Intelligence revolutionizes large and small businesses with automation, data analysis, and improved customer experiences, offering cost savings and a competitive edge. Artificial Intelligence is transforming industries and everyday lives, but how can it benefit small businesses? What is AI?

Cost-Benefit 70

Cost-Benefit Data-driven Testing Risk 70

CIO Business Intelligence

JANUARY 11, 2024

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. These external factors can have a dramatic impact on business operations and strategic planning.

IT 132

IT Uncertainty Cost-Benefit Strategy 132

IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications. trillion on retail businesses through 2029. trillion in that year.

Unstructured Data 95

Unstructured Data Cost-Benefit Experimentation Machine Learning 95

CIO Business Intelligence

MARCH 11, 2024

2023 was a challenging year, to say the least, for our industry – and software/SaaS vendors were hit particularly hard. Solutions that not only span functions, but also have industry-specific features and benefits that provide more value by supporting and enabling users to be productive and more competitive in specific industries.

Manufacturing 95

Manufacturing Cost-Benefit Finance Marketing 95

CIO Business Intelligence

NOVEMBER 8, 2023

Maintaining them through upgrades and ensuring compatibility with core systems was draining, costing too much time and money. This was limiting the ability of Union Pacific to focus on new digital innovations, automation, and business model changes. Every upgrade required long integration and test cycles.

Cost-Benefit 125

Cost-Benefit Digital Transformation Data-driven Finance 125

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 139

Cost-Benefit Digital Transformation Consulting Strategy 139

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. The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. It’s all about uptime and input.

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. As Peloton’s use of Amazon Redshift has evolved and matured, its costs have gone down, according to Wang.

Data Warehouse 111

Data Warehouse Cost-Benefit Sales Data-driven 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. Leading life science companies are leveraging cloud for innovation around operational, revenue and business models.

Consulting 82

Consulting Cost-Benefit Optimization Machine Learning 82

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 101

Reporting Cost-Benefit Internet of Things Data-driven 101

Cloudera

OCTOBER 30, 2023

The main challenges are pointed out as a lack of resources/expertise, security, and from a different perspective, cloud cost management. The decentralized resource provisioning approach, foundational to cloud solutions and infrastructure, faces a big challenge when it comes to governing the costs of on-demand resource allocation/utilization.

Analytics 77

Analytics Cost-Benefit ROI Business Objectives 77

IBM Big Data Hub

APRIL 18, 2024

While these large language model (LLM) technologies might seem like it sometimes, it’s important to understand that they are not the thinking machines promised by science fiction. Most experts categorize it as a powerful, but narrow AI model. A key trend is the adoption of multiple models in production.

Cost-Benefit 97

Cost-Benefit Modeling Manufacturing Interactive 97

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 104

Cost-Benefit Machine Learning Metrics Marketing 104

FineReport

APRIL 13, 2023

In this article, we will introduce you to the 10 best data visualization tools you should know in 2023. The first benefit is their ease of use, which can be classified into two categories: user-friendly software with comprehensive documentation and tutorials, and difficult-to-use tools that lack in certain areas.

Visualization 52

Visualization Dashboards Interactive Reporting 52

AWS Big Data

DECEMBER 8, 2023

In 2021, FanDuel’s workloads almost tripled since they first started using Amazon Redshift in 2018, and they started evaluating Redshift RA3 nodes vs. DC2 nodes to take advantage of the storage and compute separation and deliver better performance at lower costs. The following diagram illustrates this architecture.

Data Warehouse 67

Data Warehouse Cost-Benefit KPI Risk 67

CIO Business Intelligence

OCTOBER 23, 2023

According to its 2023 research paper Total Enterprise Reinvention , “only 8% of companies are moving to adopt a strategy of Total Enterprise Reinvention.” Jain says that starts by understanding the definition of “customer,” which Jain defines as “anybody who benefits from your services and products.” IT needs to go beyond that.

IT 137

IT Consulting Scorecard Key Performance Indicator 137

IBM Big Data Hub

MAY 22, 2023

IBM is pleased to announce the availability of WebSphere Liberty InstantOn coming at the end of June 2023. Improve sustainability and reduce costs by dynamically adjusting infrastructure to demand. Businesses today need a significant return on investment and require constant control of costs. Why serverless?

Cost-Benefit 82

Cost-Benefit Risk Optimization Technology 82

CIO Business Intelligence

JANUARY 20, 2023

What was once an anomaly is now a global reality as remote and hybrid work models settle in across industries. Companies benefit by keeping or acquiring geographically-dispersed top talent often attracted to a flexible work environment. Additionally, VDI can reduce operational costs in two ways.

Technology 59

Technology Cost-Benefit Deep Learning Modeling 59

AWS Big Data

JULY 25, 2023

As their workload evolved, Alcion engineers tracked OpenSearch domain utilization via the provided Amazon CloudWatch metrics, making changes to increase storage and optimize their compute resources. To reduce costs and operational burden, the team turned to OpenSearch Serverless, which offers auto-scaling capability.

Cost-Benefit 71

Cost-Benefit Modeling Management Optimization 71

CIO Business Intelligence

DECEMBER 20, 2023

million by 2028, growing at a CAGR of 7.35% from 2023 to 2028. This integration brings forth a suite of tangible benefits. Optimizing service efficiency with smooth, rapid transactions elevates overall customer satisfaction. The global delivery software market is expected to reach USD 3113.16

Software 110

Software Deep Learning B2B Cost-Benefit 110

DataKitchen

MARCH 16, 2023

Gartner attempted to list every metric under the sun in their recent report , “T oolkit: Delivery Metrics for DataOps, Self-Service Analytics, ModelOps, and MLOps, ” published February 7, 2023. Errors can originate from various sources, including data collection, integration, models, visualization, governance, and security.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

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 100

Strategy Cost-Benefit Data-driven Digital Transformation 100

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. With Iceberg, ingestion, update, and querying processes can benefit from atomicity, snapshot isolation, and managing concurrency to keep a consistent view of data.

Data Lake 102

Data Lake Sales Data Warehouse Snapshot 102