Remove Big Data Remove Data Analytics Remove ROI Remove Unstructured Data
article thumbnail

Real-time artificial intelligence and event processing  

IBM Big Data Hub

In 2023, the IBM® Institute for Business Value (IBV) surveyed 2,500 global executives and found that best-in-class companies are reaping a 13% ROI from their AI projects—more than twice the average ROI of 5.9%. Non-symbolic AI can be useful for transforming unstructured data into organized, meaningful information.

article thumbnail

Maximizing Supply Chain Agility through the “Last Mile” Commitment

Cloudera

Consolidated Inventory & Sales Data — Build an enterprise view of sales and inventory across all channels. Retail supply chains are a recognized and proven source of ROI when data analytics are leveraged to improve forecast accuracy and product availability.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The most valuable AI use cases for business

IBM Big Data Hub

By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination. AIOps is one of the fastest ways to boost ROI from digital transformation investments.

article thumbnail

A Guide to Data Analytics in the Travel Industry

Alation

To fully realize data’s value, organizations in the travel industry need to dismantle data silos so that they can securely and efficiently leverage analytics across their organizations. What is big data in the travel and tourism industry? Why is data analytics important for travel organizations?

article thumbnail

Dancing with Elephants in 5 Easy Steps

Cloudera

And next to those legacy ERP, HCM, SCM and CRM systems, that mysterious elephant in the room – that “Big Data” platform running in the data center that is driving much of the company’s analytics and BI – looks like a great potential candidate. . Streaming data analytics. . Vendors come and go.

article thumbnail

Reducing administrative burden in the healthcare industry with AI and interoperability

IBM Big Data Hub

The return on investment (ROI) as a result of efficiencies gained, reduction of unnecessary medical spend, and improved member experience scores, can be in the hundreds of millions for mid-sized payer with 3 million members.

article thumbnail

Biggest Trends in Data Visualization Taking Shape in 2022

Smart Data Collective

There are countless examples of big data transforming many different industries. There is no disputing the fact that the collection and analysis of massive amounts of unstructured data has been a huge breakthrough. We would like to talk about data visualization and its role in the big data movement.