IBM Big Data Hub

FEBRUARY 13, 2024

Outside consumer demand for traceability, new regulations may make it imperative for some businesses: the FDA’s Food Safety Modernization Act (FSMA) Rule 204 requires food companies that manufacture, process, pack or hold foods on the Food Traceability List (FTL) to use traceability systems and follow new record keeping requirements.

Cost-Benefit 78

Cost-Benefit Scorecard Risk Recreation/Entertainment 78

IBM Big Data Hub

DECEMBER 15, 2023

The company even reduces waste through recycling returns and other sustainable materials during the manufacturing phase. Unilever is not only cutting their plastic usage, but also fighting against food waste in their manufacturing. Patagonia uses eco-friendly materials when creating their products and packaging.

Consulting 66

Consulting Manufacturing Strategy Risk Management 66

IBM Big Data Hub

OCTOBER 9, 2023

Even if it adheres to a lot of regulatory practices, for the 13th year in a row, the healthcare industry reported the most expensive data breaches, at an average cost of USD 10.93 Medical Device Risk Management is prioritizing patient safety through rigorous methodology and risk control.

Risk Management 77

Risk Management Risk Management Measurement 77

Cloudera

OCTOBER 28, 2021

The German underwriters analyzed historical data such as weather, location, breed, type of crop, and a farmer’s experience to assess risk, underwrite and set price exposures. In this way, the Commercial Lines segment of insurance has really been a user of big data since its inception.

Insurance 96

Insurance Risk Unstructured Data Data-driven 96

IBM Big Data Hub

FEBRUARY 13, 2024

To have the greatest impact, generative design must be integrated throughout the product development cycle, from the initial concept to manufacturing and procurement. Fraud detection and risk management : Generative AI can quickly scan and summarize large amounts of data to identify patterns or anomalies.

Enterprise 119

Enterprise Modeling Testing Data-driven 119

IBM Big Data Hub

MAY 17, 2024

By using machine learning algorithms and big data analytics, AI can uncover patterns, correlations and trends that might escape human analysts. These capabilities can help businesses make informed decisions, improve operational efficiencies, and identify opportunities for growth. The

B2B 64

B2B Interactive Optimization Forecasting 64

datapine

AUGUST 29, 2022

The saying “knowledge is power” has never been more relevant, thanks to the widespread commercial use of big data and data analytics. The rate at which data is generated has increased exponentially in recent years. Essential Big Data And Data Analytics Insights. million searches per day and 1.2

Big Data 263

Big Data Data Analytics Analytics Data mining 263

IBM Big Data Hub

JULY 7, 2023

Thirty percent of those incidents occurred in manufacturing organizations. Ensuring that permissions are removed when no longer needed lessens the security risk. Manage third-party-related risks. These include vendors, contractors and other outside individuals with access to your organization’s data.

Risk 40

Risk Data Governance Data Lake Data-driven 40

Smart Data Collective

AUGUST 19, 2023

This is the risk of a debt default caused by a borrower’s failure to make due payments. Diversification, on the other hand, is a valuable instrument that may assist limit this risk. Big data technology is making these processes easier than ever. The World Bank Blog has an entire post dedicated to this topic.

Risk 87

Risk Data Analytics Analytics Finance 87

IBM Big Data Hub

JUNE 10, 2024

As an example of what such a monumental number means from a different perspective, chip manufacturer Ar m claimed to have shipped 7.3 Financial services Like data analytics, fintech companies depend on CPUs to enable the fast and efficient processing of huge amounts of financial-based information. There are approximately 7.8

Manufacturing 62

Manufacturing Forecasting Data-driven Internet of Things 62

BizAcuity

MARCH 31, 2022

By 2025, 80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance. of organizations who participated in an executive survey back in 2019 claimed they are going to be investing in big data and AI. Source: Gartner Research). Source: TCS).

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

CIO Business Intelligence

DECEMBER 7, 2022

Security tops the list According to this year’s State of the CIO survey , cybersecurity and risk management are the top investment areas for 45% of IT leader respondents. billion industrial manufacturing company headquartered in Chicago, says Ron Mathis, corporate IT operations director.

IT 132

IT Insurance Cost-Benefit Risk Management 132

CIO Business Intelligence

APRIL 12, 2022

The supply chain havoc caused by the coronavirus pandemic has left an indelible mark on the minds (and businesses) of manufacturers, wholesalers, dealers and retailers. And it has quite some catching up to do – the smart manufacturing industry is set to grow from $250 billion in 2021 to $658 billion in 2029.

IoT 103

IoT Analytics Manufacturing Cost-Benefit 103

Andrew White

JANUARY 11, 2021

As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. How do you think Technology Business Management plays into this strategy? What are you seeing as the differences between a Chief Analytics Officer and the Chief Data Officer? Governance.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52