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

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

CIO Business Intelligence

JANUARY 22, 2024

McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5 trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue. The attack landscape has evolved to target critical infrastructure.

Digital Transformation 124

Digital Transformation Risk Cost-Benefit Risk Management 124

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 268

Advertising Cost-Benefit Marketing Risk 268

CIO Business Intelligence

FEBRUARY 29, 2024

The ask-an-expert tool enables manufacturers to increase productivity, drive down costs, and improve employees’ work-life balance. Using Microsoft Copilot, workers can also better avoid quality issues that in can cause safety issues and put lives at risk. Avanade is attending Hanover Messe 2024. This can be a major challenge.

Manufacturing 115

Manufacturing Unstructured Data Cost-Benefit Risk 115

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 much is all this really going to cost? This release will remove the complexity from getting started with AI, delivered as a cost-effective bundle to deliver immediate business value.”

Cost-Benefit 78

Cost-Benefit Machine Learning Enterprise Modeling 78

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 96

Cost-Benefit Risk Digital Transformation Risk Management 96

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. Interacting with AI data or experiences in silos introduces risk and increases inefficiencies because it’s kept separate.

Cost-Benefit 119

Cost-Benefit Experimentation Interactive Risk 119

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 127

Risk Testing Insurance Cost-Benefit 127

CIO Business Intelligence

MARCH 5, 2024

It’s better to do it quickly, like taking a Band-Aid off, even if it hurts for a short time,” he summed up at the recent Hamburg IT Strategy Days 2024. In addition, Fresenius experienced security risks first-hand. Today, we have effective, cost-effective IT,” he says. “We We can react faster.”

IT 105

IT Digital Transformation Cost-Benefit Strategy 105

CIO Business Intelligence

AUGUST 7, 2023

IDC forecasts the growth rate of enterprise applications software sales will pick up in 2024, and remain steady through 2027, despite a dip this year as a result of CIOs continuing to pull back on spending due to economic headwinds. this year, before picking up again in 2024 and averaging 9.6% Software sales grew 9.8% through 2027.

Sales 52

Sales Enterprise Cost-Benefit Software 52

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. Benefits: Improved efficiency Reduced cost Enhanced transparency Customer relationship management (CRM) BPR is a pivotal strategy for organizations that want to overhaul their customer relationship management (CRM) processes.

Cost-Benefit 54

Cost-Benefit Finance Optimization Key Performance Indicator 54

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 90

Cost-Benefit Modeling Manufacturing Interactive 90

CIO Business Intelligence

JULY 31, 2023

What major challenges and risks stand between the current state and the vision? Aim to define three to five objectives that together envelop projects proposed for 2024, ongoing and new. How much will it cost? Not sure where to start? Try your competitors’ publications. Explain why certain projects were prioritized over others.

Strategy 98

Strategy IT Cost-Benefit Finance 98

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 85

IoT Internet of Things Cost-Benefit Reporting 85

CIO Business Intelligence

DECEMBER 11, 2023

The need to secure sensitive information is paramount for ethical AI deployment because AI’s heavy dependency on data increases the risk of breaches and unauthorized access, Wollersheim says. This team establishes the company’s risk tolerance, acceptable use cases and restrictions, and applicable disclosures.

Modeling 131

Modeling Risk Strategy Software 131

IBM Big Data Hub

DECEMBER 12, 2023

Unlocking the benefits of emissions management Emissions management is not only about tracking greenhouse gases; it also involves controlling and overseeing a wide range of emissions released into the atmosphere during industrial processes. An efficient, sustainable, and responsible enterprise reaps the benefits of a healthy culture.

Management 77

Management Cost-Benefit Optimization Strategy 77

CIO Business Intelligence

JANUARY 8, 2024

Gain stronger control over data Jae Evans, global CIO and executive vice president at Oracle, is planning to prioritize data control in 2024, and CIOs across industries would be wise to follow suit. “As As AI solutions evolve, and employee use cases grow, it’s clear that AI will continue to redefine the way we work in 2024,” he says.

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

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 96

Technology Cost-Benefit ROI Strategy 96

FineReport

APRIL 9, 2024

Benefits of Healthcare Business Intelligence Tools Improved Decision-Making: Healthcare BI tools enable informed decision-making by providing real-time data analysis and predictive insights. Optimized Operational Efficiency: These tools streamline processes and resource allocation, leading to cost savings and improved resource utilization.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

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 130

Consulting Software Business Objectives Optimization 130

IBM Big Data Hub

DECEMBER 18, 2023

As we look ahead to 2024, enterprises around the world are undoubtedly evaluating their progress and creating a growth plan for the year to come. With these capabilities, we aim to enable clients to control who has access to their data while still leveraging the benefits of the cloud.

Digital Transformation 70

Digital Transformation Risk Data Processing Enterprise 70

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. There is also a risk of low-quality apps being developed.

Big Data 112

Big Data Software Data Science Data-driven 112

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 98

Advertising Cost-Benefit ROI Sales 98

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. At the same time, AI remains complex and out of reach for many.

Metrics 145

Metrics Statistics Modeling Data Science 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. With this hybrid cloud consumption program, clients can leverage the benefits of cloud while also nurturing their on-premises SAP on Power environments as they build out their long-term hybrid cloud strategy.

Strategy 99

Strategy Cost-Benefit Digital Transformation Data-driven 99

CIO Business Intelligence

MARCH 15, 2022

According to Gartner analyst Svetlana Sicular, by 2024, 60% of the data used for the development of AI and analytics solutions will be synthetically generated, up from 1% in 2021. Synthetic data can also lower costs when collecting or buying real-world data is prohibitively expensive. Synthetic data use cases.

Strategy 145

Strategy Testing Modeling Sales 145

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

IBM Big Data Hub

FEBRUARY 19, 2024

Financial benefits include increased revenue through the creation of adjacent industry business models, accessing new markets to establish more revenue streams, and growing existing revenue. Cost optimization can be achieved through a combination of productivity enhancements, infrastructure savings and reductions in operating expenses.

Cost-Benefit 71

Cost-Benefit Data-driven Optimization Marketing 71

CIO Business Intelligence

OCTOBER 26, 2023

An even greater reason given was the desire to consolidate systems architecture and reduce the number of “point solutions” – which 80% of respondents cited as a consolidation driver – while 69% of respondents cited finance driven cost-cutting. When we asked about the intensity of that pressure, 83% cited a moderate to high degree of pressure.

IT 128

IT Cost-Benefit Data-driven Manufacturing 128

Jen Stirrup

FEBRUARY 2, 2024

The event takes place in Goa, India, on 6 – 9 February 2024. International collaboration between companies brings many benefits, from economic gains to innovative breakthroughs. For example, companies can benefit from economies of scale or cheaper manufacturing options in other countries.

Cost-Benefit 52

Cost-Benefit Manufacturing Risk Marketing 52

IBM Big Data Hub

FEBRUARY 6, 2024

Europe recently announced a mandate that real-time payments be available from any provider who currently offers batch euro payments (such as SEPA credit transfers) at a price of no more than the cost of batch transfers. Increasing the use of cash does not reduce cost or friction in the economy. in 2023-2024.

Cost-Benefit 97

Cost-Benefit Finance Sales Risk 97

IBM Big Data Hub

FEBRUARY 26, 2024

With this expanded observability, incidents can be prevented in the design phase or identified in the implementation and testing phase to reduce maintenance costs and achieve higher productivity. Efficient cloud migrations McKinsey predicts that $8 out of every $10 for IT hosting will go toward the cloud by 2024. Don’t wait.

Cost-Benefit 101

Cost-Benefit Metadata Data Governance Reporting 101

IBM Big Data Hub

APRIL 11, 2024

In An Overview of Catastrophic AI Risks , the authors identify several mitigations that can be addressed through governance and regulation (in addition to cybersecurity). They identify international coordination and safety regulation as critical to preventing risks related to an “AI race.”

Risk 78

Risk Consulting Modeling Data Processing 78

CIO Business Intelligence

DECEMBER 19, 2023

This is aligned with research firm Gartner’s predictions that the software and IT services segments will both see double-digit growth in 2024, largely driven by cloud spending. This tendency to silo security tools and inefficiency creates vulnerabilities and unnecessary costs.

ROI 111

ROI Cost-Benefit Data-driven Enterprise 111

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. billion in 2024, up from $563.6 Uncontrolled costs: More clouds and cloud services translate into more cloud bills.

Strategy 101

Strategy Cost-Benefit Risk Optimization 101

CIO Business Intelligence

MARCH 21, 2022

Way back in 1999, his team did a cost-benefit analysis of the free shipping model, which is arguably one of the key drivers of Amazon’s stupendous growth. Research by DataRails showed that inefficient data processes and dysfunctional financial reporting costs US businesses a staggering $7.8 billion a year. Out of that, $6.1

Data-driven 116

Data-driven IT Finance Forecasting 116