Smart Data Collective

MARCH 2, 2023

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Big data technology can significantly improve the company’s pricing strategy.

Big Data 82

Big Data Uncertainty Risk Data mining 82

CIO Business Intelligence

OCTOBER 18, 2023

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 134

Risk Manufacturing Enterprise Technology 134

CIO Business Intelligence

DECEMBER 7, 2023

A nation known for innovative efficiency was a failure in one key area It goes without saying that the faster and more effectively disasters can be forecasted, detected, and responded to, the better the chance of minimizing damage and saving lives. And the key to success is having data that can be analyzed for actionable insights.

IoT 83

IoT Internet of Things Forecasting Digital Transformation 83

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. At the same time, they are defunding technologies that no longer contribute to business strategy or growth. It’s not a stretch to say that across the board, CIOs are continuing to invest in some form of AI.

IT 145

IT Insurance Machine Learning Marketing 145

IBM Big Data Hub

MAY 25, 2023

Our CoE is ready to help accelerate our clients’ business transformations with enterprise-grade AI, including the newly announced IBM watsonx , as well as technology from our ecosystem of business partners. At the same time, there are reasonable concerns about how to mitigate bias, manage data security, and factor in precision and risk.

Consulting 99

Consulting Experimentation Machine Learning Modeling 99

FineReport

APRIL 26, 2023

By leveraging Big Data technologies, companies can collect, store, and analyze information to make informed decisions and improve their operations. Time Saving : Big data tools and technologies can collect and analyze data from multiple sources in real-time, enabling businesses to make quick decisions based on insights.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

CIO Business Intelligence

DECEMBER 18, 2023

Developing generative AI implementation strategies will be imperative for technology leaders, prioritizing key areas such as business model building, internal operational improvements, risk mitigation, and overall organizational efficiency. How has the past year changed the landscape for technology leaders?

Cost-Benefit 89

Cost-Benefit Risk Strategy Manufacturing 89

CIO Business Intelligence

SEPTEMBER 26, 2023

The combination of the smart meter data and weather forecast information would provide a calculated load profile in real-time, driving solar power production for the near future. With ML producing a total load profile in 15-minute intervals, forecasters could view solar production in eight-hour chunks. Artificial Intelligence

Machine Learning 97

Machine Learning Forecasting Measurement Data Warehouse 97

John Wheeler

JANUARY 30, 2020

2020 marks Gartner’s fifth year of integrated risk management (IRM) technology coverage and the market continues to grow at a rapid pace. In fact, the spectrum of IRM technology solutions is increasing due to digital transformation efforts in companies of all sizes. billion by 2023 (see figure below).

Marketing 80

Marketing Risk Management Digital Transformation Risk 80

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. 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

JANUARY 18, 2024

Global spending on technology is predicted to be up by virtually all forecasts. They want someone who runs technology effectively but is also a driver and a thought partner. By all accounts, 2024 will be a good year on the CIO hiring front. Most midsize and large organizations are spending significantly on cloud capabilities.

IT 126

IT Data-driven Marketing Technology 126

IBM Big Data Hub

DECEMBER 5, 2023

According to IBM’s latest CEO study , industry leaders are increasingly focusing on AI technologies to drive revenue growth, with 42% of retail CEOs surveyed banking on AI technologies like generative AI, deep learning, and machine learning to deliver results over the next three years. trillion on retail businesses through 2029.

Unstructured Data 90

Unstructured Data Cost-Benefit Experimentation Machine Learning 90

CIO Business Intelligence

APRIL 29, 2024

On the one hand, artificial intelligence has helped both technology departments and the business units to work better, faster, and cheaper. The increasing pace of technology advances AI is just the latest, and perhaps most prominent example of emerging technologies that have disrupted organizational roadmaps. Last year saw a 1.2%

IT 120

IT Consulting Technology Strategy 120

CIO Business Intelligence

DECEMBER 19, 2023

When making decisions about network access, businesses need to be aware of and assess the security implications associated with network technology to help keep their digital assets protected. Fixed wireless access is a type of 5G or 4G LTE wireless technology that enables fixed broadband access using radio frequencies instead of cables.

Cost-Benefit 92

Cost-Benefit Risk Technology Forecasting 92

CIO Business Intelligence

MARCH 15, 2023

Gartner’s downward revision of projected worldwide IT spending in 2023 from 5.1% growth underscores how inflation, interest rate fluctuations, and consumer spending are reshaping forecasts, investment portfolios, and the CIO agenda. To get here, we recommend inventorying spend across all categories (labor, projects, technology, etc.)

Uncertainty 85

Uncertainty Cost-Benefit Forecasting Insurance 85

IBM Big Data Hub

OCTOBER 30, 2023

IBM, a pioneer in data analytics and AI, offers watsonx.data, among other technologies, that makes possible to seamlessly access and ingest massive sets of structured and unstructured data. Real-world Business Solutions The real value of any technology is measured by its impact on real-world problems.

Insurance 78

Insurance Data Warehouse Data-driven Unstructured Data 78

IBM Big Data Hub

MAY 6, 2024

Enter the age of data-driven protocol assessment: using benchmarking tools and predictive modeling to gauge protocol intricacies and forecast eligible patient numbers, which then inform protocol adjustments. These technological advancements promise substantial improvements in protocol design, ultimately boosting patient enrollment.

Advertising 80

Advertising Data-driven Optimization Strategy 80

CIO Business Intelligence

JUNE 7, 2022

In business, when a trend is forecast to grow by more than 3000% and generate cost savings of $7.3 Those numbers represent the projected growth of chatbot interactions among banking customers between 2019 to 2023 and the cost savings from 862 hours less of work by support personnel, according to research by Juniper Research.

Unstructured Data 86

Unstructured Data Deep Learning Insurance Interactive 86

CIO Business Intelligence

APRIL 28, 2022

Measurement is technology-intensive. Unilever used GreenToken, a blockchain technology product from SAP, to determine what percentage of its palm oil purchases came from sustainable origins, says Florian Roth, SAP chief digital and information officer. Bedi views sensors as simply part of the data center. New SEC regulations.

Measurement 97

Measurement Reporting Data-driven Manufacturing 97

IBM Big Data Hub

APRIL 25, 2024

Technologies such as supply chain management software (SCM), enterprise resource planning (ERP) systems, and advanced analytics tools can be used to automate and optimize processes. This comprehensive overhaul involves evaluating and redesigning workflows, fostering cross-functional collaboration and innovating by using advanced technologies.

Cost-Benefit 57

Cost-Benefit Finance Optimization Key Performance Indicator 57

CIO Business Intelligence

MAY 24, 2023

That first and only refresh was on May 3, 2023. The framework should answer questions, such as who owns each data asset, the role of the owner, and how you ensure the data is curated and qualified for use by the technology across the business. Once you identify the data, you can start defining your data governance framework.

Data Governance 98

Data Governance Data Quality Data Collection Publishing 98

Andrew White

MAY 19, 2023

In Information Technology (IT), there are many other questions too. Recently we updated our long range forecasting and estimating research views. Total population is declining and is aging ( UN, 2019 ; China 2023) Working-age population, that pays taxes, is declining ( PRB ). These head-winds are not really headline news per se.

Measurement 52

Measurement Forecasting Dashboards Marketing 52

CIO Business Intelligence

MARCH 23, 2022

The resulting redefinition of their role is influencing their priorities as they prepare for the 2023 financial year. At engineering and technology services company Cyient, CIO Pallavi Katiyar says that CIOs are closely integrated with business and are more like partners today, making the framework for deciding priorities relatively easier.

Digital Transformation 94

Digital Transformation Consulting Technology Enterprise 94

CIO Business Intelligence

JULY 18, 2023

As technology continues to advance at a rapid pace, the demand for qualified individuals has soared,” Chan says. CIO.com’s 2023 State of the CIO survey recently zeroed in on the technology roles that IT leaders find the most difficult to fill, with cybersecurity, data science and analytics, and AI topping the list.

IT 89

IT Data Science IoT Digital Transformation 89

Rita Sallam

APRIL 2, 2023

Qlik Key Findings: In the US alone, there’s $367 billion in agricultural commodities at risk to flooding in the US alone. A large part of under-developed Asian countries ranging from Bangladesh to Vietnam are at high risk of flooding events. million people at risk of catastrophic, flooding. In 2000, the Netherlands had 8.5

Optimization 52

Optimization Machine Learning Insurance Risk 52

CIO Business Intelligence

DECEMBER 21, 2023

According to Verizon’s 2023 Data Breach Investigation Report (DBIR), the transportation industry as a whole was breached 249 times with 349 incidents reported. In addition, the world of e-commerce technology seems to be perpetually evolving with fintech innovations and payment orchestration platforms. 1] That’s a great idea.

Measurement 52

Measurement Risk Management Risk Management 52

CIO Business Intelligence

MAY 6, 2024

Here is a closer look at recent and forecasted developments in the cloud market that CIOs should be aware of. 2023: Greater flexibility, challenging decisions In 2023, the cloud services space — including hosting and managed and migration services — continued to experience impressive growth, eclipsing $564B in total spend.

Marketing 128

Marketing Strategy IT Data Processing 128

CIO Business Intelligence

MAY 1, 2024

For every optimistic forecast, there’s a caveat against a rush to launch. For example, a quarter of IT decision-makers in Foundry’s 2023 AI Priorities Study are piloting gen AI technologies, but only 20% have moved on to deployment. But it’s different from the tools we’ve been releasing over the last 40 years in computing.

Cost-Benefit 139

Cost-Benefit Metrics Insurance Measurement 139

O'Reilly on Data

NOVEMBER 28, 2023

Generative AI has been the biggest technology story of 2023. Executive Summary We’ve never seen a technology adopted as fast as generative AI—it’s hard to believe that ChatGPT is barely a year old. As of November 2023: Two-thirds (67%) of our survey respondents report that their companies are using generative AI.

Enterprise 281

Enterprise Modeling Testing Reporting 281

Smart Data Collective

JULY 31, 2022

Modern investors have a difficult time retaining a competitive edge without having the latest technology at their fingertips. Predictive analytics technology has become essential for traders looking to find the best investing opportunities. Traders will have to use it to manage their risks by making more informed decisions.

Predictive Analytics 135

Predictive Analytics Analytics Uncertainty Forecasting 135

IBM Big Data Hub

MARCH 18, 2024

Using renewable energy in place of fossil fuels can reduce these pollutants and help mitigate risks to human health and natural environments. Energy storage systems to support utility-scale applications are costly but technology is being developed to support more affordable long-term storage.

Cost-Benefit 17

Cost-Benefit Forecasting Manufacturing Optimization 17

IBM Big Data Hub

FEBRUARY 14, 2024

But the next generation of clean energy requires more than just incentive, it needs innovative technology to improve energy efficiency and power generation to help the world reach net-zero emissions. For example, flow battery technology is being improved to support grid-scale energy storage.

Forecasting 51

Forecasting Technology Risk Machine Learning 51

IBM Big Data Hub

FEBRUARY 14, 2024

But the next generation of clean energy requires more than just incentive, it needs innovative technology to improve energy efficiency and power generation to help the world reach net-zero emissions. For example, flow battery technology is being improved to support grid-scale energy storage.

Forecasting 40

Forecasting Technology Risk Machine Learning 40

CIO Business Intelligence

MARCH 7, 2023

While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% CIOs should consider technologies that promote their hybrid working models to replace in-person meetings. Transition from daily standups to hybrid virtual ceremonies.

Digital Transformation 144

Digital Transformation Data Governance Experimentation Machine Learning 144

Jen Stirrup

FEBRUARY 24, 2024

In marketing, for example, analyzing customer data and detecting patterns allows firms to forecast demand, prevent churn, personalize pricing, and make other data-driven decisions. These examples provide benefits and risks for smal businesses, which are discussed below. Ongoing bias testing is required (Forbes, 2023).

Cost-Benefit 71

Cost-Benefit Data-driven Testing Sales 71

CIO Business Intelligence

NOVEMBER 2, 2023

Salesforce’s findings gibe with IDC’s Worldwide C-Suite Survey 2023-2024 , released in September. IT leaders are also enthused about the technology. Foundry’s recently released AI Priorities Study 2023 found that 56% of IT decision-makers are eager to learn more about gen AI. I need to know my forecast.

Data Strategy 126

Data Strategy Strategy Sales Data Governance 126

IBM Big Data Hub

MARCH 12, 2024

Today, utilities are meeting these challenges and risks with innovation by leaning on data and AI to prepare for the next event. Identifying at-risk assets in advance is a main challenge for utilities. Notably, during Winter Storm Elliott, the total load forecast was underestimated by 23,047 MW.

Risk 57

Risk Forecasting Data-driven IoT 57