Smart Data Collective

OCTOBER 13, 2021

AI technology moves innovation forward by boosting tinkering and experimentation, accelerating the innovation process. One of the biggest benefits of AI is that it has led to new breakthroughs in automation. Take advantage of data analytics. As technology improves, the need for businesses to compete increases.

Technology 121

Technology Cost-Benefit Experimentation Machine Learning 121

Cloudera

JANUARY 28, 2022

As I meet with our customers, there are always a range of discussions regarding the use of the cloud for financial services data and analytics. Customers vary widely on the topic of public cloud – what data sources, what use cases are right for public cloud deployments – beyond sandbox, experimentation efforts.

Slice and Dice 113

Slice and Dice Cost-Benefit Risk Data Governance 113

CIO Business Intelligence

FEBRUARY 26, 2024

Empower employees to gain skills in data science, data analytics, ML, and project management. Zara’s trial of self-checkouts in their stores, for instance, was originally met with resistance, but when customers began to benefit from shorter waiting times, they soon accepted the change as a success.

Experimentation 110

Experimentation Cost-Benefit Digital Transformation Risk 110

Ontotext

MAY 31, 2023

What are the benefits of Ontotext’s method? Researchers and medical professionals can benefit from AI-predicted gene-disease prediction in various ways. The traditional approach to identifying new targets involves extensive experimentation and trial-and-error, which is often time-consuming, costly and may not yield desirable results.

Experimentation 52

Experimentation Cost-Benefit Predictive Modeling Risk 52

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation.

Cost-Benefit 128

Cost-Benefit Digital Transformation Consulting Strategy 128

Ontotext

JULY 6, 2023

Let’s consider an example about risk and opportunity event detection. Case studies The risk and opportunity event detection use case discussed above combines all of Ontotext’s capabilities: storing and managing large amounts of data adding meaning to it (e.g.,, The solution brings many business benefits.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

Cloudera

APRIL 26, 2023

It offers features such as data ingestion, storage, ETL, BI and analytics, observability, and AI model development and deployment. Not only does this deliver faster and richer data services that end users expect, but also enables IT teams to operate a well-oiled platform with benefits such as simpler management and improved security.

Cost-Benefit 64

Cost-Benefit Optimization Experimentation Machine Learning 64

CIO Business Intelligence

JUNE 28, 2023

As Belcorp considered the difficulties it faced, the R&D division noted it could significantly expedite time-to-market and increase productivity in its product development process if it could shorten the timeframes of the experimental and testing phases in the R&D labs.

Digital Transformation 79

Digital Transformation Cost-Benefit Informatics Data mining 79

CIO Business Intelligence

JULY 15, 2022

A modern, agile IT infrastructure has become the critical enabler for success, allowing organizations to unlock the potential of new technologies such as AI, analytics, and automation. Ampol had a clear goal: intelligent operations for improved service reliability, increased agility, and reduced cost. Visualization and monitoring.

Cost-Benefit 75

Cost-Benefit Digital Transformation Experimentation Visualization 75

CIO Business Intelligence

OCTOBER 4, 2023

One of the first things they built was an HR chatbot, which provided benefits recommendations that unnecessarily exposed them to massive liability. For example, if the HR tool recommended the wrong option, an employee could miss the benefits window for an entire year. Then there are transitional costs, he says.

Cost-Benefit 131

Cost-Benefit Manufacturing Machine Learning Experimentation 131

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Life insurance needs accurate data on consumer health, age and other metrics of risk. Now, there is a data risk here.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

DataRobot Blog

MARCH 7, 2023

DataRobot on Azure accelerates the machine learning lifecycle with advanced capabilities for rapid experimentation across new data sources and multiple problem types. DataRobot is available on Azure as an AI Platform Single-Tenant SaaS, eliminating the time and cost of an on-premises implementation.

Data-driven 59

Data-driven Machine Learning Experimentation Data Lake 59

IBM Big Data Hub

OCTOBER 20, 2023

These development platforms support collaboration between data science and engineering teams, which decreases costs by reducing redundant efforts and automating routine tasks, such as data duplication or extraction. Some AI platforms also provide advanced AI capabilities, such as natural language processing (NLP) and speech recognition.

Machine Learning 73

Machine Learning Manufacturing Cost-Benefit Deep Learning 73

CIO Business Intelligence

OCTOBER 1, 2022

The partners say they will create the future of digital manufacturing by leveraging the industrial internet of things (IIoT), digital twin , data, and AI to bring products to consumers faster and increase customer satisfaction, all while improving productivity and reducing costs. Smart manufacturing at scale is a challenge.

Manufacturing 142

Manufacturing Digital Transformation IoT Internet of Things 142

CIO Business Intelligence

FEBRUARY 3, 2023

He says that IT remains largely in-house across helpdesk, data analytics, cybersecurity and development, bar small pockets of outsourced capability for software development and testing, and suggests that business growth hasn’t been the only challenge—not least in the days after Queen Elizabeth II’s death last September.

IT 52

IT Experimentation Scorecard Digital Transformation 52

Ontotext

NOVEMBER 2, 2023

It can be accomplished at a fraction of the cost of what organizations spend each year supporting the vast industry of data integration workarounds. This is the future of modern data and analytics and a critical enabler to getting more value and insight out of your data.

IT 69

IT Cost-Benefit Data-driven Technology 69

IBM Big Data Hub

SEPTEMBER 25, 2023

But what most people don’t realize is that behind the scenes, Uber is not just a transportation service; it’s a data and analytics powerhouse. This blog takes you on a journey into the world of Uber’s analytics and the critical role that Presto, the open source SQL query engine, plays in driving their success.

OLAP 88

OLAP Data Lake Data-driven Snapshot 88

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 91

Cost-Benefit Modeling Manufacturing Interactive 91

CIO Business Intelligence

APRIL 18, 2022

Organizations that continued full speed ahead with their digital transformation initiatives during the COVID-19 pandemic are able to ruminate on what went right and what they would have done differently, with the benefit of hindsight. Rich Nanda, US strategy and analytics offerings leader, Deloitte Consulting. Deloitte Consulting. “In

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

CIO Business Intelligence

MARCH 6, 2023

Advancements in analytics and AI as well as support for unstructured data in centralized data lakes are key benefits of doing business in the cloud, and Shutterstock is capitalizing on its cloud foundation, creating new revenue streams and business models using the cloud and data lakes as key components of its innovation platform.

Data Lake 59

Data Lake Cost-Benefit Recreation/Entertainment Experimentation 59

CIO Business Intelligence

MARCH 6, 2023

CIOs along with researchers, consultants, and advisors agree that IT must change itself, how it works and how it organizes its workers, if it wants to gain the most benefits out of cloud computing. Moreover, the digital services team, because it is centralized, does this more efficiently, saving costs she says.

IT 121

IT Strategy Cost-Benefit Consulting 121

Ontotext

DECEMBER 30, 2022

9 years of research, prototyping and experimentation went into developing enterprise ready Semantic Technology products. GraphDB 10 brings smarter and simpler cluster architecture enabling, among other benefits, best in class resilience and reduced infrastructure costs. Typical memory usage is now 15% to 20% less.

Enterprise 52

Enterprise Sales Cost-Benefit Marketing 52

Ontotext

DECEMBER 30, 2022

9 years of research, prototyping and experimentation went into developing enterprise ready Semantic Technology products. GraphDB 10 brings smarter and simpler cluster architecture enabling, among other benefits, best in class resilience and reduced infrastructure costs. Typical memory usage is now 15% to 20% less.

Enterprise 52

Enterprise Sales Cost-Benefit Marketing 52

Occam's Razor

MARCH 7, 2016

I want you to sign up for something very, very special I'm doing: Writing short stories from the intersection of marketing and analytics. While I'm pointing out my example, your brand faces the same risks. For myself, for the companies I'm a part of, I've decided that the risk is too high. Please do sign up.

Marketing Analytics 86

Marketing Analytics Marketing Analytics KPI 86

CIO Business Intelligence

APRIL 5, 2023

Midjourney, ChatGPT, Bing AI Chat, and other AI tools that make generative AI accessible have unleashed a flood of ideas, experimentation and creativity. Using generative AI for agent assistance can get you the productivity boost with less of the risk.

Modeling 88

Modeling Testing Cost-Benefit Experimentation 88

The Unofficial Google Data Science Blog

OCTOBER 12, 2017

This post describes the analytical issues which arise in such a setting, and what the data scientist can do about them. We data scientists now have access to tools that allow us to run a large numbers of experiments, and then to slice experimental populations by any combination of dimensions collected.

Experimentation 61

Experimentation Testing Statistics Metrics 61

Domino Data Lab

JUNE 23, 2019

Skomoroch proposes that managing ML projects are challenging for organizations because shipping ML projects requires an experimental culture that fundamentally changes how many companies approach building and shipping software. Companies that succeed at machine learning tend to build on those existing analytics use cases.

Management 110

Management Machine Learning Experimentation Metrics 110

Occam's Razor

JULY 6, 2016

Additionally, you are spending your day in the warm embrace of Adobe or Google Analytics because your job is set up as "data people." My love for heuristic evaluations is sourced in the fact that they are relatively straightforward, require the best possible cost – almost free -, and rely on you and your team.

Testing 86

Testing Marketing Experimentation Cost-Benefit 86

Occam's Razor

JUNE 4, 2018

Bonus: The best computation of conversion rate is orders divided by users (the default in your analytics tool is sessions). Go to the Multi-Channel Funnels folder in Google analytics and look at two other yummy reports: Time Lag and Path Length. This will bring your conversion rate up (yea!!). Big opportunity. You should.

Strategy 124

Strategy Cost-Benefit Testing Sales 124

Domino Data Lab

JULY 2, 2019

Clearly, SQL helps reduce cognitive load for those who are learning about data management and analytics. One clear lesson of the early 21st century: strategies at scale that rely on centralization are generally risks (John Robb explores that in detail in Brave New War which I’ve just been reading – good stuff). SQL and Spark.

Metadata 105

Metadata Machine Learning Data Science Data-driven 105

Occam's Razor

OCTOBER 23, 2006

0 Ownership of web analytics: Business. ‡ Never start with clickstream, it becomes “old” quickly ‡ People care about their paychecks ‡ Execution strategy: ~ Identify Senior Management hot buttons ~ Exhibit daily that you can • increase revenue • trim costs • improve customer satisfaction.

Data-driven 117

Data-driven Metrics KPI Reporting 117