CIO Business Intelligence

FEBRUARY 12, 2024

SAP customers have a lot to navigate in 2024. In addition, SAP customers should understand the benefits, protections, and limitations that SAP will provide in exchange for access to data. Otherwise, SAP will have disproportionate control of the agenda, cadence, and outcome of your relationship.

Consulting 90

Consulting Cost-Benefit Strategy Modeling 90

FineReport

APRIL 9, 2024

Evolving BI Tools in 2024 Significance of Business Intelligence In 2024, the role of business intelligence software tools is more crucial than ever, with businesses increasingly relying on data analysis for informed decision-making.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. An investment in the tools and infrastructure to combat such threats is likely to occur in 2024.

Risk Management 51

Risk Management Insurance Cost-Benefit Risk 51

CIO Business Intelligence

APRIL 10, 2024

Inferencing has emerged as among the most exciting aspects of generative AI large language models (LLMs). Crunching mathematical calculations, the model then makes predictions based on what it has learned during training. The percentage varies as the size of the model and the number of users grows.

Cost-Benefit 125

Cost-Benefit Modeling Strategy Interactive 125

CIO Business Intelligence

MARCH 5, 2024

That’s one of the main themes from IDC’s recent predictions report, “IDC FutureScape: Worldwide Artificial Intelligence and Automation 2024 Top 10 Predictions”. But that’s about to change, said Fleming, as executive leadership seeks to understand how AI and automation benefit the bottom line. It’s time to get to business.

Key Performance Indicator 104

Key Performance Indicator Cost-Benefit KPI Software 104

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 252

Advertising Cost-Benefit Marketing Risk 252

Cloudera

MARCH 26, 2024

The release of LLMs surged by 136% in 2023 compared to 2022, and this upward trend is projected to continue in 2024. How do you adapt a foundational model to your specific needs? How much is all this really going to cost? Companies must act now in order to stay in the AI Race. What about security, privacy, and trust concerns?

Cost-Benefit 79

Cost-Benefit Machine Learning Enterprise Modeling 79

IBM Big Data Hub

APRIL 22, 2024

“But it’s important to reap these benefits while minimizing the environmental impact. That means making more sustainable choices about how models are built, trained, and used, where processing occurs, what infrastructure is used, and how open and collaborative we are along the way.”

Cost-Benefit 89

Cost-Benefit Modeling Manufacturing Reporting 89

CIO Business Intelligence

FEBRUARY 27, 2024

Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024. The resulting infrastructure of choice — a combination of on-premises and hybrid-cloud platforms — will aim to reduce cost overruns, contain cloud chaos, and ensure adequate funding for generative AI projects.

Strategy 143

Strategy Cost-Benefit Data Processing Data-driven 143

CIO Business Intelligence

FEBRUARY 29, 2024

The tool enables businesses to extract intelligence from across a diversity of different data sources using large language models (LLMs – a type of generative AI capable of producing human-like text). The ask-an-expert tool enables manufacturers to increase productivity, drive down costs, and improve employees’ work-life balance.

Manufacturing 103

Manufacturing Unstructured Data Cost-Benefit Risk 103

CIO Business Intelligence

MARCH 18, 2024

billion in 2024 to $521.0 When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. To find promising use cases, Webster Bank canvassed several dozen proposals and decided to start with three that could deliver tangible benefits. billion on 2027.

Risk 126

Risk Cost-Benefit Data Processing Testing 126

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 129

Enterprise Cost-Benefit Unstructured Data Software 129

CIO Business Intelligence

APRIL 1, 2024

That’s not hyperbole: TEKsystems’ 2024 State of Digital Transformation report found that 53% of organizations classified as digital leaders are confident that their digital investments will meet expected ROIs. In contrast, only 27% of those categorized as DX laggards say as much.

Strategy 140

Strategy IT Digital Transformation ROI 140

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 88

Cost-Benefit Modeling Manufacturing Interactive 88

IBM Big Data Hub

APRIL 22, 2024

With 2024 on track to be the hottest year on record , data and AI can be applied to many areas to help supercharge sustainability efforts. We use to collect data from 6,500+ utility bills we receive globally each year and summarize total energy consumption, cost, and renewable electricity purchases across to save many hours of calculations.

IoT 83

IoT Internet of Things Cost-Benefit Reporting 83

CIO Business Intelligence

FEBRUARY 8, 2024

People across industries envisioned AI as being the fuel for thousands of hours of time saved, replacing jobs to reduce costs, and unlocking innovation at a scale we have never before seen. It is by combining data, human experience, and community that we are able to support developer needs.

Cost-Benefit 109

Cost-Benefit Experimentation Interactive Risk 109

CIO Business Intelligence

DECEMBER 11, 2023

The bill will turn into an EU law once it is approved by the European Parliament at a vote scheduled for early 2024. Other countries, including the US and the UK , are also working on regulations to govern AI so they can benefit from the technology while mitigating the risks.

Risk 109

Risk Testing Insurance Cost-Benefit 109

CIO Business Intelligence

DECEMBER 11, 2023

For many CIOs, implementations may be nascent, but mitigating biases in AI models and balancing innovation with ethical considerations are already among their biggest challenges. Companies must fortify against attacks that could mislead AI models and result in ill-informed decisions. We intend to implement it in Q1 2024.”

Modeling 128

Modeling Risk Strategy Software 128

CIO Business Intelligence

APRIL 5, 2022

By 2024, enhanced analytics and automatic remediation capabilities will refocus 30% of IT operations efforts from support to continuous engineering. By 2022, 55% of organizations will be boosting resiliency, as well as improving profitability, innovation rates, and cost efficiencies by more than 20% compared to their peers.

Digital Transformation 96

Digital Transformation Cost-Benefit Uncertainty Technology 96

DataRobot Blog

SEPTEMBER 1, 2022

The latest McKinsey Global Survey on AI proves that AI adoption continues to grow and that the benefits remain significant. But in the COVID-19 pandemic’s first year, many felt more strongly about the cost-savings front than the top line. Your model was accurate yesterday, but what about today? How can I get a better model fast?

Metrics 145

Metrics Statistics Modeling Data Science 145

Smarten

MAY 13, 2022

Tech research and analysis firm, Gartner predicts that, ‘Through 2024, 50% of organizations will adopt modern data quality solutions to better support their digital business initiatives,’ and that prediction applies to all types of industries and vertical business sectors, including finance and accounting.

Analytics 76

Analytics Cost-Benefit Finance Software 76

CIO Business Intelligence

JULY 6, 2023

One thing is for sure – meeting ESG goals can drive value if it can be done consistently, with automation and minimal costs. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 73

Cost-Benefit Risk Digital Transformation Risk Management 73

AWS Big Data

JANUARY 9, 2024

Traditional lexical search, based on term frequency models like BM25, is widely used and effective for many search applications. Semantic search In semantic search, the search engine uses an ML model to encode text or other media (such as images and videos) from the source documents as a dense vector in a high-dimensional vector space.

Cost-Benefit 90

Cost-Benefit Visualization Modeling Machine Learning 90

CIO Business Intelligence

APRIL 25, 2022

But despite all the money flowing into ML projects, most organizations are struggling to get their ML models and applications working on production systems. . And another recent survey has the worst numbers of all, finding that 90% of ML models are not deployed to production. So what’s the problem? The approach works.

Machine Learning 126

Machine Learning Enterprise Deep Learning Cost-Benefit 126

FineReport

APRIL 21, 2024

Why SaaS BI Tools Matter The Shift to Cloud-Based Data Analysis The global market for SaaS-based Business Intelligence is experiencing significant growth, driven by factors such as cost-effectiveness, scalability, and real-time data access.

Business Intelligence 52

Business Intelligence Visualization Dashboards Data-driven 52

CIO Business Intelligence

JANUARY 8, 2024

Instead, the publicly held operator of Cathay Pacific Airlines and HK Express is shifting from migration to optimization mode in an effort to wrest additional benefits from its all-in cloud transformation. Enhanced automation and self-service will also be emphasized as part of the cloud optimization strategy, Nair says.

Optimization 93

Optimization Digital Transformation Cost-Benefit Data Warehouse 93

CIO Business Intelligence

JUNE 16, 2023

As expected, operating in the cloud has enabled the 80-year-old company to significantly reduce the cost of running its data center in Minneapolis. We’d set a goal as an organization to get 50% of our international money transfers onto digital platforms by the end of 2024. We passed that goal at the end of the first quarter [of 2023].”

Digital Transformation 96

Digital Transformation Cost-Benefit Marketing Strategy 96

Smart Data Collective

MAY 21, 2021

Of course, from the employee’s standpoint, there are many perks to remote work so it is no surprise that so many businesses are continuing or adopting a hybrid model. Benefits of Remote Work. It is thought that remote work is here to stay long-term because it can bring so many benefits, especially to the business.

Big Data 96

Big Data Cost-Benefit ROI Technology 96

CIO Business Intelligence

JANUARY 16, 2024

Consequently, one of the CIO’s top priorities for 2024 is discovering and uncovering the added value human workers can concretely achieve using LLMs — and much of this remains unknown. More benefit may come from a process or technology improvement instead of broad application of AI to ‘fix’ problems,” he says.

Cost-Benefit 112

Cost-Benefit Enterprise Unstructured Data Technology 112

Smart Data Collective

APRIL 3, 2022

This is a huge market driven by AI technology that is expected to be worth $19 billion by 2024. Towards Data Science published an article titled How Renaissance beat the markets with Machine Learning , which emphasized the major benefits of AI in their trading. This gives the strategy a distinct set of benefits. Reduced cost.

Technology 93

Technology Cost-Benefit ROI Strategy 93

CIO Business Intelligence

MARCH 15, 2022

Even if Covid-19 recedes from the headlines, ongoing digital transformation at scale looks set to continue to accelerate well into 2022, with organizations looking to reap the full benefits of technology to become more productive and more efficient. What will all this mean for the software world? Zero Trust becomes table stakes.

Software 95

Software Cost-Benefit Digital Transformation Enterprise 95

FineReport

APRIL 21, 2024

Industries benefit significantly from embedded analytics, driving operational efficiency and deeper customer understanding. When comparing options, consider scalability, total cost of ownership, and the BI tech stack. What Are the Main Benefits of Embedded BI Tools? Dashboard customization requires CSS and JavaScript skills.

Dashboards 52

Dashboards Visualization Interactive Business Intelligence 52

CIO Business Intelligence

MARCH 15, 2022

Synthetic data is artificially generated information that can be used in place of real historic data to train AI models when actual data sets are lacking in quality, volume, or variety. Synthetic data can also lower costs when collecting or buying real-world data is prohibitively expensive. a global management consulting firm.

Strategy 145

Strategy Testing Modeling Sales 145

IBM Big Data Hub

NOVEMBER 8, 2023

Separately, in 2024, clients will be able to look forward to continued enhancements to the AIX, IBM i and Linux roadmaps. In addition, IBM is also offering a hybrid cloud consumption model that will allow flexibility for both on-premises and cloud expenditures.

Strategy 96

Strategy Cost-Benefit Digital Transformation Data-driven 96

Smart Data Collective

SEPTEMBER 22, 2021

Benefits of low code application development for data science: – A low code development platform is a platform that provides required input, output, business ideas, logic and the graphical tools and existing code needed for developing an application. Why was the low code concept developed?

Big Data 109

Big Data Software Data Science Data-driven 109

Smart Data Collective

JUNE 15, 2022

trillion in 2024, up from roughly $5.47 Following is a detailed look at some of the benefits of taking a data-driven approach in a retail business. Retailers of all sizes may benefit from current analytics systems’ capacity to take enormous volumes of data and provide relevant insights. trillion in 2019?

Advertising 96

Advertising Cost-Benefit ROI Sales 96

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. That’s the promise of edge computing.”.

IoT 82

IoT Data Warehouse Internet of Things Machine Learning 82