Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 They include; Credit risk assessment. If the AI model detects any, it can flag them for further investigation or automatically halt them.

Marketing 109

Marketing Technology Insurance Machine Learning 109

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

IBM Big Data Hub

JULY 11, 2023

Artificial intelligence is used in healthcare for everything from answering patient questions to assisting with surgeries and developing new pharmaceuticals, benefitting both patients and healthcare systems. How does artificial intelligence benefit healthcare? Also, that algorithm can be replicated at no cost except for hardware.

Deep Learning 58

Deep Learning Cost-Benefit Insurance Machine Learning 58

datapine

MAY 31, 2022

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.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

AUGUST 8, 2022

This includes, but is not limited to: Cyber security While digital acceleration provides serious benefits, it’s imperative that your cloud services are secure and protected from cyber threats. The risks can be mitigated however, with a managed firewall, endpoint security, good policies, and user training. billion by 2030.

Sales 81

Sales Cost-Benefit Digital Transformation Enterprise 81

Alation

MAY 19, 2022

A Gartner survey found that 57% of Boards of Directors have increased their risk appetites, and data & analytics are fueling more risky (and potentially rewarding) projects. This is data that’s artificially produced to mimic and model real events: It retains the structure of the original data but is not the same as real data.

Metadata 52

Metadata Data Analytics Analytics Data Governance 52

Cloudera

NOVEMBER 19, 2018

Sustainable development benefits corporations that embrace it as well as benefitting the world-wide community. Formerly characterized as a company’s ability to steadily increase its earnings, “sustainability” has more recently been applied in a broader sense to a company’s ability to thrive in the long term.

Digital Transformation 40

Digital Transformation IoT Cost-Benefit Uncertainty 40

CIO Business Intelligence

FEBRUARY 26, 2024

Instead, many digitized analog-first processes and bolted them onto aging operating models. Companies will miss out if they make assumptions about business and operational models without reflecting on the possibilities afforded by AI. In short, modern operating models will be the enabler of business transformation.

Cost-Benefit 137

Cost-Benefit Modeling Data-driven Enterprise 137

CIO Business Intelligence

JUNE 20, 2023

With an estimated market size of USD $30B by 2030 , the term “application security” takes on numerous forms, but one area of heightened relevance in today’s world is the DevSecOps space. According to IBM , a single data breach costs $9.4 Other best practices of DevSecOps include incorporating threat modeling into the process.

Cost-Benefit 98

Cost-Benefit Testing Software Reporting 98

IBM Big Data Hub

OCTOBER 20, 2023

Artificial intelligence platforms enable individuals to create, evaluate, implement and update machine learning (ML) and deep learning models in a more scalable way. trillion to the global economy in 2030, more than the current output of China and India combined.” PwC calculates that “AI could contribute up to USD 15.7

Machine Learning 78

Machine Learning Manufacturing Cost-Benefit Deep Learning 78

Cloudera

NOVEMBER 14, 2023

According to the Center for American Progress , “The costs to the US associated with childhood poverty total about $500 billion per year, or the equivalent of nearly 4 percent of GDP.” percent of GDP Raises the costs of crime by 1.3 They state the annual effects of childhood poverty: Reduces productivity and economic output by about 1.3

Cost-Benefit 73

Cost-Benefit Unstructured Data Data-driven Risk 73

Smart Data Collective

AUGUST 29, 2022

There are a lot of benefits of using analytics to help run a business. These tools help companies boost productivity , reduce costs and achieve other objectives. Predictive analytics uses historical data to predict future trends and models , determine relationships, identify patterns, find associations, and more.

Analytics 114

Analytics Predictive Analytics Machine Learning Insurance 114