Ontotext

AUGUST 17, 2023

Digital Transformation, which has been a top priority for CEOs and boards of directors for many years, has had mixed results. These failures are at least partly due to the absence of graph technologies, at the center of those transformations, allowing companies to “connect the dots” across their data to drive optimal outcomes.

Digital Transformation 52

Digital Transformation IT Cost-Benefit Consulting 52

IBM Big Data Hub

JANUARY 19, 2024

One of the most important reasons why organizations are increasingly embracing digital transformation is to revolutionize how they serve the customer. And yet, organizations have historically failed to ensure all relevant employees have the right information on hand to make important decisions.

Data-driven 88

Data-driven Consulting Interactive Data Lake 88

IBM Big Data Hub

MAY 13, 2024

As the AI era takes shape through digital transformation initiatives, executives and employees alike are contemplating how it affects employment and the skills needed to stay ahead. Organizations that try to deploy these technologies without worker assistance can either fail to maximize results or make incorrect decisions.

Digital Transformation 86

Digital Transformation Gap analysis Consulting Machine Learning 86

IBM Big Data Hub

JULY 31, 2023

We already covered how mainframe modernization isn’t just for the financial industry , so why not address the elephant in the room? Why did they fail to launch a new mobile app? Banks large and small have all likely failed on one or more modernization or migration initiatives.

Digital Transformation 51

Digital Transformation Uncertainty Risk Data Warehouse 51

Cloudera

OCTOBER 8, 2020

Digital transformation is not just about technological transformation of the organization, it’s about transforming the culture of an organization. It’s not enough to bolt technology onto an existing strategy and consider it transformed. Digital Transformation is a Process, Not a Goal .

Digital Transformation 104

Digital Transformation Experimentation Unstructured Data Uncertainty 104

datapine

MAY 14, 2019

Zettabytes of data are floating around in our digital universe, just waiting to be analyzed and explored, according to AnalyticsWeek. Why You Need To Read Data Science Books. 6) “The Signal And The Noise: Why So Many Predictions Fail – But Some Don’t” by Nate Silver. We live in a world saturated with data.

Data Science 350

Data Science Machine Learning Data-driven Big Data 350

Cloudera

OCTOBER 11, 2022

Which means no digital transformation. The takeaway – businesses need control over all their data in order to achieve AI at scale and digital business transformation. The post AI at Scale isn’t Magic, it’s Data – Hybrid Data appeared first on Cloudera Blog. Innovation stalls. Risk increases.

Snapshot 92

Snapshot Data Science Digital Transformation Metadata 92

IBM Big Data Hub

DECEMBER 20, 2023

As more customers look to solve their issues online or through self-service, organizations that fail to use advanced technologies to better serve customer needs will fail at customer experience. For instance, consumers are increasingly spending time on digital experiences such as social media and mobile apps.

Strategy 65

Strategy Consulting Key Performance Indicator Metrics 65

Cloudera

MARCH 3, 2022

Everyone Fails Data Governance. Even the COVID-19 pandemic and the acceleration to digital transformation — when data and data insights became two of the main business drivers — haven’t improved the situation. The post Why Data Governance Is Crucial for All Enterprise-Level Businesses appeared first on Cloudera Blog.

Data Governance 98

Data Governance Enterprise Data Quality Metadata 98

erwin

MAY 31, 2019

Therefore, most frameworks fail to address the distance. For any enterprise to make the leap from being a reactive organization to a true leader in its space, it must focus on data as the driver of that transformation. Applications fail to work together, data is integrated incorrectly causing massive duplication, and worse.

Data-driven 104

Data-driven Enterprise Metadata Strategy 104

IBM Big Data Hub

AUGUST 16, 2023

It is poised to transform businesses and industries, revolutionize how employees and other stakeholders collaborate, and drive digital transformation initiatives. Executives should remember that there is a reason why so many organizations embrace the cloud.

Cost-Benefit 66

Cost-Benefit Data Processing Optimization Software 66

CIO Business Intelligence

SEPTEMBER 8, 2022

The headlines read “Artificial Intelligence (AI) will completely transform your business.” While some companies are already benefiting from this transformative impact of AI, we see others struggling. Be clear on the “why”. This delayed value, increased cost, raised complexity, and ultimately failed to deliver.

Machine Learning 103

Machine Learning Cost-Benefit Data-driven Digital Transformation 103

datapine

MARCH 25, 2019

In our data-rich age, understanding how to analyze and extract true meaning from the digital insights available to our business is one of the primary drivers of success. While that may not seem like much, considering the amount of digital information we have at our fingertips, half a percent still accounts for a huge amount of data.

Key Performance Indicator 217

Key Performance Indicator Statistics Visualization Big Data 217

datapine

AUGUST 29, 2022

8) Data Smart: Using Data Science to Transform Information into Insight, by John W. Written with friendly and comprehensible language, the book of 336 pages explores the following topics in detail: What is big data (and what isn’t) and why is it so important from a technical and business perspective.

Big Data 263

Big Data Data Analytics Analytics Data mining 263

Cloudera

APRIL 13, 2021

You’ve probably heard it more than once: Machine learning (ML) can take your digital transformation to another level. Step 2: Be willing to experiment and, yes, fail. Let your teams experiment rapidly, fail early and often, continuously learn, and try new things. It’s a pie-in-the-sky statement that sounds great, right?

Machine Learning 98

Machine Learning Enterprise Experimentation Modeling 98

Cloudera

JULY 29, 2022

Fail to plan, plan to fail. Data is now everywhere, which is why a hybrid approach allows a business to maximize its returns from data regardless of whether it sits in public cloud or on-premises environments. However, not all these organizations will be successful in using data to drive business value and increase profits.

Data Architecture 86

Data Architecture Data Strategy Risk Management Strategy 86

Alation

OCTOBER 25, 2022

People ask me what are the characteristics that I see of data-driven organizations,” shares Randy Bean , author of Fail Fast, Learn Faster: Lessons in Data-Driven Leadership in an Age of Big Data, Disruption, and AI. “I Subscribe to Alation's Blog. It also means embracing discomfort, according to author Randy Bean.

Data-driven 52

Data-driven Big Data Interactive Technology 52

IBM Big Data Hub

MAY 31, 2023

Without due care and attention, things break—regardless of whether that’s a transformer in an electricity grid, an axle bearing on a train or a refrigerator in a restaurant. Transform your maintenance management with IBM Maximo® Application Suite The good news is IBM can help.

Cost-Benefit 91

Cost-Benefit Strategy IoT Internet of Things 91

Alation

FEBRUARY 13, 2020

During his tenure as CEO, he sought to transform Gibson from a guitar manufacturer into a “music lifestyle brand.” Gibson’s push to innovate for innovation’s sake left behind the company’s most loyal customers and ultimately failed. While he successfully built a culture of innovation, he missed a key ingredient, customer demand.

Digital Transformation 59

Digital Transformation Insurance Data-driven Machine Learning 59

AWS Big Data

MAY 3, 2023

This is a guest blog post co-written with SangSu Park and JaeHong Ahn from SOCAR. As companies continue to expand their digital footprint, the importance of real-time data processing and analysis cannot be overstated. The following diagram shows an example of data transformations in the handler component. Result() if err !=

IoT 104

IoT Internet of Things Data Transformation Management 104

BizAcuity

APRIL 25, 2022

With ever-changing regulations and the rise of digital competition, it is a challenge to run the casino business competitively. The onset of digital gaming has reduced the entry barrier for new players. This blog has made a strong case for a Player lifetime value (LTV) framework. Casino Marketing strategy is digital.

Marketing 52

Marketing Strategy ROI Digital Transformation 52

Ontotext

JULY 13, 2023

For example, offering more of the same product or content instead of complementary items Analytics tools that don’t really support decision making Chatbots that fail the Alan Turing test You name it! This blog gives an overview of a product bundling that relies on two industry leaders that help you do this.

Enterprise 52

Enterprise Metadata Digital Transformation Software 52

datapine

JANUARY 21, 2020

That’s where business intelligence reporting comes into play – and, indeed, is proving pivotal in empowering organizations to collect data effectively and transform insight into action. Concerning senior decision-making or strategy formulation, it’s essential to use digital data to your advantage to guide you through the process.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

datapine

JULY 24, 2019

While it isn’t possible to apply this statement in a universal sense (and in fact, it’s somewhat cliché), the notion does serve to highlight an important truth regarding today’s digital world: consumer values are continually evolving. What is one strategic business intelligence (BI) mechanism that is absolutely necessary in the digital age?

Dashboards 148

Dashboards Business Intelligence Visualization KPI 148

Smart Data Collective

DECEMBER 9, 2021

That is why you have to know the good UX design principles. Continue to read this blog post for more important details. Big data technology has transformed the web design and e-commerce professions in recent years. You cannot have an impactful digital platform when you fail to make this a consideration with your design.

Big Data 133

Big Data Visualization Data-driven Optimization 133

datapine

JANUARY 24, 2021

In our cutthroat digital age, the importance of setting the right data analysis questions can define the overall success of a business. To help transform data into business decisions, you should start preparing the pain points you want to gain insights into before you even start the data gathering process. Let’s see…. You: Data Dan!

IT 317

IT Statistics KPI Data-driven 317

Ontotext

JANUARY 29, 2024

Without this, organizations will continue to pay a “bad data tax” as AI/ML models will struggle to get past a proof of concept and ultimately fail to deliver on the hype. As innovative and emerging technologies such as digital twins, IoT, AI, and ML gain further mind share, managing data will become even more important.

Strategy 52

Strategy Management Metadata Data-driven 52

Smarten

NOVEMBER 9, 2022

When a business decides to tackle data democratization and bring data analytics to its business users, it can often fail to comprehensively plan for success. While selecting the right augmented analytics solution is crucial, the business team must also plan for user adoption and solution acceptance.

Analytics 52

Analytics ROI Cost-Benefit Consulting 52

Alation

NOVEMBER 23, 2021

The other posts define data culture and explain why you need one , and then drill down into the first two pillars of data culture: data search & discovery and data literacy. Why Traditional Data Governance is No Longer Enough. Traditional data governance failed for this reason. Subscribe to Alation's Blog.

Data Governance 52

Data Governance Data-driven Data Processing Consulting 52

IBM Big Data Hub

AUGUST 15, 2023

Why we’re all talking about AI for business It’s hard to avoid conversations about artificial intelligence in business today. Customer service AI is effective for creating personalized experiences at scale through chatbots, digital assistants and other customer interfaces.

IT 77

IT Data Governance Modeling Cost-Benefit 77

IBM Big Data Hub

FEBRUARY 22, 2024

Artificial intelligence (AI) is transforming society, including the very character of national security. Best practices include: Establishing communities that constantly reaffirm why fair, reliable outputs are essential. Many practitioners earnestly believe that simply by having the best intentions, there can be no disparate impact.

Metadata 95

Metadata Measurement Risk Modeling 95

Occam's Razor

OCTOBER 24, 2016

Why is this formula material? Revolutions in our context, almost always fail. You want to win big with data, with marketing, with transformative digital yada yada and blah blah, evolve. Digital Attribution's Ladder of Awesomeness. Digital Attribution's Ladder: Step Details. Including data.

Metrics 146

Metrics Marketing Optimization Modeling 146

Ontotext

FEBRUARY 7, 2024

Why FAIR and Knowledge Graphs Might Fail But, so far, all this is contrary to what we’ve been doing. We fail to make it clear what FAIR is – the implications of FAIRification on how we work in knowledge management and IT projects are not entirely understood. So, where do we go wrong?

Metadata 52

Metadata Data Integration Measurement Data-driven 52

Sisense

MARCH 26, 2021

With that in mind, we asked some of our leading thinkers why so many companies aren’t getting what they want from their analytics and how the right analytics platform can help them do so. Click through to read why infusing analytics into workflows is the future (with Harvard Business Review). It’s an inefficient and unwieldy process.

Analytics 98

Analytics Data-driven Dashboards Experimentation 98

Jedox

APRIL 10, 2019

Whether saving costs or improving revenue, FP&A digital transformation projects must provide strong gains in productivity and effectiveness. Jedox conducted a global Survey with ACCA and discovered only 35% of organizations have a digital transformation roadmap in place. There are many reasons.

Digital Transformation 42

Digital Transformation Risk Finance Sales 42

datapine

NOVEMBER 13, 2019

Fortunately, we live in a digital age rife with statistics, data, and insights that give us the power to spot potential issues and inefficiencies within the business. Why Are Procurement Reports Important? Why Are Procurement Reports Important? The price of light is less than the cost of darkness.” – Arthur C.

Reporting 158

Reporting KPI Cost-Benefit Metrics 158

Sisense

DECEMBER 13, 2021

To thrive in the age of accelerated digital, modern financial institutions need access to actionable business intelligence. Without leveraging this information, businesses can easily fall into the same patterns that can stunt growth–failing to attract new customers and even leaving themselves open to security risks.

Data-driven 59

Data-driven IT Business Intelligence Cost-Benefit 59