Smart Data Collective

JULY 16, 2023

billion in 2021 and is expected to be worth over $19 billion in 2030. According to a report by Dataversity , a growing number of hedge funds are utilizing data analytics to optimize their rick profiles and increase their ROI. Among these tools, quantitative models have emerged as one of the most effective solutions.

ROI 71

ROI Data Analytics Analytics Risk Management 71

CIO Business Intelligence

JUNE 1, 2022

The company is applying winning insights from rapid, data-driven, evolutionary models versus relying on engine speed and aerodynamics alone to win races. billion by 2030. 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.

Manufacturing 119

Manufacturing Digital Transformation Predictive Analytics Strategy 119

IBM Big Data Hub

FEBRUARY 20, 2024

Climate models provide answers Human activities precipitated changes to the Earth’s climate in the 20th century and will largely determine the future climate. Global climate models have given climate scientists a set of expectations as to what the future could hold, both for the Earth at large and for specific regions.

Modeling 118

Modeling Forecasting Reporting Risk 118

CIO Business Intelligence

JUNE 21, 2022

billion by 2030. federal government, HPC is being used to accelerate basic science, develop therapeutics and other treatments for COVID-19, perform military applications such as simulations, handle climate and weather modeling, and a myriad of other tasks in diverse agencies. . generating $42 billion in 2021 and projected to reach $71.7

Deep Learning 111

Deep Learning Big Data ROI Software 111

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. When a user sends a message, the system uses NLP to parse and understand the input, often by using DL models to grasp the nuances and intent. billion by 2030. It aids businesses in gathering and analyzing data to inform strategic decisions.

Enterprise 100

Enterprise Interactive Data-driven Key Performance Indicator 100

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 93

Cost-Benefit Modeling Manufacturing Interactive 93

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. Driven by the growth of cloud-based technologies, the global VDI market is projected to reach a value of more than USD78 billion by 2030. [3] They opted to run VDI in a private cloud with a pay-as-you-go consumption model.

Technology 59

Technology Cost-Benefit Deep Learning Modeling 59

Smart Data Collective

MAY 10, 2022

According to P&S Intelligence , AI in the fintech market is expected to grow to $47 billion in 2030 from $7.7 If the AI model detects any, it can flag them for further investigation or automatically halt them. The model learns from this approach to flag transactions that resemble “fraud.” billion in 2020.

Marketing 109

Marketing Technology Insurance Machine Learning 109

CIO Business Intelligence

MARCH 21, 2022

Data scientists are becoming increasingly important in business, as organizations rely more heavily on data analytics to drive decision-making and lean on automation and machine learning as core components of their IT strategies. Data science is a fast growing field, with the BLS predicting job growth of 22% from 2020 to 2030.

Unstructured Data 137

Unstructured Data Data Analytics Analytics Structured Data 137

Smart Data Collective

JUNE 1, 2022

Companies in every industry from finance to manufacturing to hospitality are investing in AI to improve their business models. trillion on AI by 2030 , as they discover the countless benefits it offers. They require a number of AI features to work optimally, so they must be carefully honed. Then it’s on to the next one.

Software 122

Software Interactive Manufacturing Finance 122

DataRobot Blog

MARCH 15, 2022

The main themes emerging from our conversations cover data integration, security and humility, strategy, and workforce development: Join siloed data together to create longitudinal, ready-to-analyze datasets. The push to predictive and prescriptive analytics requires strategy and C-Suite ownership.

Prescriptive Analytics 52

Prescriptive Analytics Digital Transformation Data-driven Machine Learning 52

CIO Business Intelligence

APRIL 27, 2022

Cyber threats are among the top ten highest-rated critical risks of organizations today and for 2030, according to? Protiviti’s Executive Perspectives on Top Risks for 2021 and 2030. As organizations move through their enterprise transformation journeys, it is important that they consider the following issues to optimize ROI: .

Technology 52

Technology ROI Risk Digital Transformation 52

Cloudera

NOVEMBER 19, 2018

To achieve success, they must formulate and implement strategies for sustainability that encompass not just environmental (“green”) issues, but also social, economic, and cultural concerns. Optimizing crop rotation within small-scale agricultural operations. Maximizing efficiencies in aquaponics.

Digital Transformation 40

Digital Transformation IoT Cost-Benefit Uncertainty 40

Timo Elliott

JANUARY 10, 2022

Most people rent skis rather than buying, because it’s easier and cheaper and more convenient — so why not apply that model to more things? I also loved the episode The Race to Zero: Regenerative Business Models for a Sustainable Future. The logic of the argument was very convincing. with the CTO of SAP Fieldglass.

Data Processing 121

Data Processing Manufacturing Machine Learning Technology 121

CIO Business Intelligence

FEBRUARY 26, 2024

Before the popularization of DALL-E, Stable Diffusion, and Chat GPT, very few business executives were tasking technology leaders with accelerating AI strategies. Instead, many digitized analog-first processes and bolted them onto aging operating models. In short, modern operating models will be the enabler of business transformation.

Cost-Benefit 137

Cost-Benefit Modeling Data-driven Enterprise 137

datapine

MAY 31, 2022

billion and is expected to expand at a rate of 15.7% (CAGR) between now and 2030. More and more CRM, marketing, and finance-related tools use SaaS business intelligence and technology, and even Adobe’s Creative Suite has adopted the model. These tools also help optimize the cloud for cost, governance, and security.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

IBM Big Data Hub

DECEMBER 20, 2023

Machine learning (ML) technologies can drive decision-making in virtually all industries, from healthcare to human resources to finance and in myriad use cases, like computer vision , large language models (LLMs), speech recognition, self-driving cars and more. However, the growing influence of ML isn’t without complications.

Machine Learning 78

Machine Learning Modeling Deep Learning Predictive Modeling 78

Smart Data Collective

AUGUST 29, 2022

They need a more comprehensive analytics strategy to achieve these business goals. Today, there are many advanced ML approaches that you can use to enhance your analytics and gain valuable insights on how to optimize business processes, improve decision-making, build the right customer relationships, and leverage your market proposition.

Analytics 114

Analytics Predictive Analytics Machine Learning Insurance 114

Smart Data Collective

AUGUST 12, 2022

trillion on cloud services in 2030. They will understand the basis of your cloud strategy and make sure that you use the right servers to meet your goals. Here are a few things to look for when choosing used servers to support your cloud computing strategy. Choose the Best Servers for Your Cloud Strategy.

Strategy 75

Strategy Optimization Data Processing Management 75

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 75

Machine Learning Manufacturing Cost-Benefit Deep Learning 75

IBM Big Data Hub

JUNE 22, 2023

Labor arbitrage, or outsourcing labor to the lowest-cost workforce, has been the central strategy associated with business process outsourcing (BPO) for years. According to organizational consulting firm Korn Ferry, more than 85 million jobs could go unfilled by 2030 because there aren’t enough skilled workers to take them.

Consulting 82

Consulting Insurance Finance Uncertainty 82

Cloudera

JUNE 23, 2021

Evolving your analytics and risk models to accommodate climate change inputs and regulations beyond weather-related natural disasters is increasingly important. Insurers will have to adjust their models frequently to match local markets. . Climate change modeling will challenge organizations to think and act differently.

Insurance 52

Insurance Risk Modeling Risk Management 52