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6 strategic imperatives for your next data strategy

CIO Business Intelligence

According to the MIT Technology Review Insights Survey, an enterprise data strategy supports vital business objectives including expanding sales, improving operational efficiency, and reducing time to market. The problem is today, just 13% of organizations excel at delivering on their data strategy.

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Innovative data integration in 2024: Pioneering the future of data integration

CIO Business Intelligence

According to a recent report by InformationWeek , enterprises with a strong AI strategy are 3 times more likely to report above-average data integration success. Additionally, a study by McKinsey found that organisations leveraging AI in data integration can achieve an average improvement of 20% in data quality.

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Digital Twin Use Races Ahead at McLaren Group

CIO Business Intelligence

Cloud-connected cars are now commonplace in the mainstream connected car market that is forecast to surpass $166 billion by 2025. For businesses like the McLaren Group, these two trends are at the core of the conglomerate’s digital transformation and competitive strategy, on and off the track. . billion by 2030.

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NLP Isn’t Enough. Leading Financial Services Companies Are Now Moving to Conversational AI.

CIO Business Intelligence

According to IDC , worldwide spending on AI will likely top $204 billion by 2025. Juniper Research forecasts that in 2023 the global operational cost savings from chatbots in banking will reach $7.3 And that not only benefits customers, but it can also increase morale among the employees. Just starting out with analytics?

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Preventing Next-Generation Fraud with Graph Database Technology

CIO Business Intelligence

trillion by 2025. Graph database technology can provide benefits beyond fraud detection. Data analytics is the key to unlocking the most value you can extract from data across your organization. Ready to evolve your analytics strategy or improve your data quality? Just starting out with analytics?

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Top Graph Use Cases and Enterprise Applications (with Real World Examples)

Ontotext

Gartner predicts that graph technologies will be used in 80% of data and analytics innovations by 2025, up from 10% in 2021. Use Case #6: Data Quality and Governance The size and complexity of data sources and datasets is making traditional data dictionaries and Entity Relationship Diagrams (ERD) inadequate.

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12 Cloud Computing Risks & Challenges Businesses Are Facing In These Days

datapine

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

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