Smart Data Collective

FEBRUARY 4, 2021

Companies are discovering the countless benefits of using big data as they strive to keep their operations lean. Big data technology has made it a lot easier to maintain a decent profit margin as they try to keep their heads above water during a horrific economic downturn.

Data Analytics 141

Data Analytics Analytics Cost-Benefit Big Data 141

IBM Big Data Hub

JUNE 12, 2023

Maximize the optionality that hybrid multicloud brings to mitigate regulatory and technological uncertainty in your environment. Learn how to transform your cloud strategy with IBM Cloud for Financial Services Read the report: Central Banking and Cloud Services: The New Frontier The post Is there a “right” cloud strategy for banking?

Strategy 96

Strategy Cost-Benefit Digital Transformation Uncertainty 96

CIO Business Intelligence

APRIL 28, 2022

Its success is one of many instances illustrating how the financial services industry is quickly recognizing the benefits of data analytics and what it can offer, especially in terms of risk management automation, customized experiences, and personalization. . compounded annual growth from 2019 to 2024. .

Analytics 98

Analytics Insurance Big Data Uncertainty 98

IBM Big Data Hub

SEPTEMBER 29, 2023

In a survey run by IDC, 45% of IT leaders reported “a general shortage of people with the right skills” as “the main reason vacancies are hard to fill” for their real-time use cases. [1] View the webinar to learn more about unlocking the value of transaction data flowing across your organization.

Data-driven 110

Data-driven Uncertainty Cost-Benefit Marketing 110

IBM Big Data Hub

FEBRUARY 20, 2024

According to the Geophysical Fluid Dynamics Laboratory of the US’s National Oceanic and Atmospheric Association (NOAA), “Climate models reduce the uncertainty of climate change impacts, which aids in adaptation.” 3 Climate Science Special Report: Fourth National Climate Assessment, Volume I. degrees Celsius (2.66

Modeling 123

Modeling Forecasting Reporting Risk 123

Smart Data Collective

JULY 24, 2019

Every time an established process or formula is changed, it’s usually met with a little bit of uncertainty. There are a number of ways that AI and other big data technology are intertwined with Single Touch Payroll. It uses sophisticated big data technology to accomplish these functions. No more payment summaries.

Big Data 70

Big Data Uncertainty Reporting Data-driven 70

IBM Big Data Hub

DECEMBER 16, 2022

This includes data collection, instrumenting processes and transparent reporting to make needed information available for stakeholders. At IBM, we have an AI Ethics Board that supports a centralized governance, review, and decision-making process for IBM ethics policies, practices, communications, research, products and services.

Uncertainty 118

Uncertainty Metadata Modeling Data Collection 118

CIO Business Intelligence

JUNE 12, 2023

In an industry buffeted by constant pressure on margins, shifting trade patterns, and supply chain uncertainty, manufacturing companies are looking for any edge they can get. It can often be found in innovative uses of data. The good news?

Manufacturing 52

Manufacturing Insurance Uncertainty Big Data 52

AWS Big Data

JUNE 27, 2023

Modernized analytics and reporting At iostudio, we faced the challenge of modernizing our government client’s static recruitment marketing analytics solution. We chose Amazon QuickSight because it gave us dynamic and interactive dashboards embedded in our application, while saving us money and development time.

Metrics 96

Metrics Dashboards Interactive Visualization 96

IBM Big Data Hub

OCTOBER 17, 2023

In a research brief defining “5 trends for 2023,” the IBM Institute for Business Value reports, “In 2023, rapid response is the new baseline. Uncertainty is expected and complexity is compounding. As threats materialize on multiple fronts, organizations must reduce the time from insight to action.”

Data-driven 84

Data-driven Cost-Benefit Uncertainty Dashboards 84

Rocket-Powered Data Science

JULY 19, 2023

The outcome was very positive indeed, as this customer reported the delightful experience on their social media account, thereby spreading positive sentiment about the business to a wide audience. In either case, keeping an eye on the situation is critical for the success of the operation.

Data-driven 186

Data-driven Enterprise Analytics Machine Learning 186

IBM Big Data Hub

FEBRUARY 12, 2024

As IDC stated: as of 2022, 36% of IT leaders identified the use of technologies to achieve real-time decision-making as critical for business success, and 45% of IT leaders reported a general shortage of skilled personnel for real-time use cases.

Data-driven 87

Data-driven Cost-Benefit Uncertainty Technology 87

IBM Big Data Hub

MAY 24, 2023

In an era of evolving consumer preferences and economic uncertainties, the beverage industry stands as a vibrant reflection of changing trends and shifting priorities. This intriguing juxtaposition highlights the resilient nature of consumers and their desire to seek moments of joy and comfort.

Digital Transformation 86

Digital Transformation Consulting Data-driven Uncertainty 86

IBM Big Data Hub

OCTOBER 18, 2022

CEOs identify a range of challenges both within and beyond their organizations, and only a quarter report active implementation of their sustainability strategy across their entire enterprise. In the last five years, CEOs report their investments in sustainability have more than doubled as a percentage of revenue.

Uncertainty 52

Uncertainty Strategy Measurement Digital Transformation 52

IBM Big Data Hub

FEBRUARY 21, 2022

But amidst all this uncertainty just what trends should business leaders be focused on? In fact, nearly three in four consumers (72%) report that they still rely on stores as part of their primary buying method. The rise of hybrid shopping experiences. Want to learn more?

Digital Transformation 84

Digital Transformation Data-driven Uncertainty Strategy 84

Smart Data Collective

MAY 3, 2021

Big data has played a huge role in the evolution of employment models. Have you sat down and imagined a day where you do not have an office to report to, a boss to be bossed around by, and the freedom to work as per will? Big data has made the gig economy stronger than ever and helped many people find new employment.

Big Data 124

Big Data Data mining Cost-Benefit Insurance 124

IBM Big Data Hub

APRIL 18, 2024

Nearly all respondents reported promising early results from gen AI experiments and planned to increase their spending in 2024 to support production workloads. Here are some areas where organizations are seeing a ROI: Text (83%) : Gen AI assists with automating tasks like report writing, document summarization and marketing copy generation.

Cost-Benefit 96

Cost-Benefit Modeling Manufacturing Interactive 96

AWS Big Data

AUGUST 7, 2023

Many businesses use different software tools to analyze historical data and past patterns to forecast future demand and trends to make more accurate financial, marketing, and operational decisions. Forecasting acts as a planning tool to help enterprises prepare for the uncertainty that can occur in the future.

Forecasting 80

Forecasting Data Warehouse Machine Learning Modeling 80

Sisense

OCTOBER 6, 2020

All descriptive statistics can be calculated using quantitative data. It’s analyzed through numerical comparisons and statistical inferences and is reported through statistical analyses. Consequently, using quantitative data, you can make strategic and tactical decisions that will benefit your organization and drive growth.

Statistics 98

Statistics Unstructured Data Data-driven Visualization 98

IBM Big Data Hub

JULY 31, 2023

Banks have the most to gain if they succeed (and the most to lose if they fail) at bringing their mainframe application and data estates up to modern standards of cloud-like flexibility, agility and innovation to meet customer demand.

Digital Transformation 54

Digital Transformation Uncertainty Risk Data Warehouse 54

IBM Big Data Hub

JUNE 21, 2023

IBM offerings were featured in more than 1300 unique G2 reports, earning a top-three product placement in over 400 reports, across various categories. We apply a unique algorithm to this data to calculate the customer Satisfaction and Market Presence scores in real-time.

Reporting 57

Reporting Uncertainty Behavioral Analytics Enterprise 57

Domino Data Lab

JULY 22, 2019

By virtue of that, if you take those log files of customers interactions, you aggregate them, then you take that aggregated data, run machine learning models on them, you can produce data products that you feed back into your web apps, and then you get this kind of effect in business. That was the origin of big data.

Data Science 109

Data Science Machine Learning Data Governance Modeling 109

Peter James Thomas

JUNE 20, 2019

Even just five years from now, more than one-third of the skills we believe are essential for today’s workforce will have changed according to the Future of Jobs Report from the World Economic Forum. Here we come back to the upward trend in searches for Data Science. King was a wise King, but now he was gripped with uncertainty.

Cost-Benefit 55

Cost-Benefit Data Warehouse Consulting Data Science 55

Occam's Razor

APRIL 8, 2013

We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. They might deal with uncertainty, but they're not random. Online, offline or nonline. Yet this structure rarely exists in companies.

Metrics 156

Metrics KPI Analytics Key Performance Indicator 156

datapine

MAY 31, 2022

Since we live in a digital age, where data discovery and big data simply surpass the traditional storage and manual implementation and manipulation of business information, companies are searching for the best possible solution for handling data. It is evident that the cloud is expanding.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

IBM Big Data Hub

SEPTEMBER 11, 2023

Government executives face several uncertainties as they embark on their journeys of modernization. When substantial investments of taxpayers’ money are allocated toward IT modernization, agencies are mandated by local legislature and judiciary to deliver meaningful improvements.

Data-driven 91

Data-driven IT Measurement Cost-Benefit 91

IBM Big Data Hub

OCTOBER 2, 2023

In a world marked by volatility, uncertainty, complexity, and ambiguity (VUCA) building a holistic planning environment is inevitable for successful steering.” They pinpointed ten distinct use cases, like sales planning , financial planning and reporting.

Analytics 94

Analytics Manufacturing Uncertainty Machine Learning 94

Cloudera

OCTOBER 3, 2018

In 2008, I co-founded Cloudera with folks from Google, Facebook, and Yahoo to deliver a big data platform built on Hadoop to the enterprise market. We believed then, and we still believe today, that the rest of the world would need to capture, store, manage and analyze data at massive scale. Forward-Looking Statements.

Uncertainty 75

Uncertainty IoT Risk Reporting 75

CIO Business Intelligence

JUNE 22, 2022

The resulting Digital Spillover report noted that, over the previous three decades, for every US$1 of investment in digital technology, Gross Domestic Product (GDP) increased by US$20. By way of comparison, every US$1 of investment made outside technology only boosted GDP by a meager US$3.

Digital Transformation 105

Digital Transformation Internet of Things Manufacturing Unstructured Data 105

Cloudera

NOVEMBER 18, 2021

As a bank that understands the future of financial services as data-driven, Bank of the West chose to adopt the Cloudera platform as the linchpin of its digital transformation. In doing so, Bank of the West has modernized and centralized its Big Data platform in just one year. Industry Transformation.

Data Lake 75

Data Lake Cost-Benefit Digital Transformation Risk 75

O'Reilly on Data

SEPTEMBER 11, 2019

Machine learning, artificial intelligence, data engineering, and architecture are driving the data space. The Strata Data Conferences helped chronicle the birth of big data, as well as the emergence of data science, streaming, and machine learning (ML) as disruptive phenomena. 105, -17) or even “Python” (No.

IoT 20

IoT Big Data Data Warehouse Uncertainty 20

The Unofficial Google Data Science Blog

JULY 22, 2020

For this reason we don’t report uncertainty measures or statistical significance in the results of the simulation. From a Bayesian perspective, one can combine joint posterior samples for $E[Y_i | T_i=t, E_i=j]$ and $P(E_i=j)$, which provides a measure of uncertainty around the estimate.

Experimentation 95

Experimentation Statistics Testing Strategy 95

Peter James Thomas

AUGUST 12, 2018

Of course the problem is then that Financial Reports (or indeed most Management Reports) are not set up to cope with plus or minus figures, so typically one of £12.4 By the time that people who need to take decisions based on such information are in the loop, the inherent uncertainty of the prediction may have disappeared.

Metrics 49

Metrics Statistics Data Quality Measurement 49

Smart Data Collective

FEBRUARY 14, 2023

There are many other reasons AI and big data technology is changing finance. Their research showed that economic policy uncertainty indicators and CBOE volatility index (VIX) indicators are better for predicting market volatility than financial indices. Are there any risks associated with asset allocation?

Predictive Analytics 110

Predictive Analytics Management Analytics Risk 110

Sisense

DECEMBER 13, 2021

Many financial institutions face common challenges when it comes to turning their big data sets into actionable business intelligence. Without robust in-house expertise and support to build the necessary dashboards and run queries, many institutions are instead forced to rely on canned reports that can’t be customized.

Data-driven 59

Data-driven IT Business Intelligence Cost-Benefit 59

datapine

DECEMBER 28, 2021

With the rise of advanced technology and globalized operations, statistical analyses grant businesses an insight into solving the extreme uncertainties of the market. Chaffetz’s numbers via a comparison with Planned Parenthood’s own annual reports. For example are data visualizations representing the data accurately?

Statistics 363

Statistics Advertising Visualization Data mining 363