Smart Data Collective

SEPTEMBER 28, 2021

Benefits of AI and IoT in Businesses. The advantages of IoT and AI could be combined to reap the full benefits of both. Security and protection are the most important aspects for a business, given the recent growth in data thefts and loss of valuable data. The following elucidates the same: l Improved Protective Measures.

IoT 132

IoT Internet of Things Cost-Benefit Consulting 132

DataKitchen

NOVEMBER 4, 2021

Data organizations often have a mix of centralized and decentralized activity. DataOps concerns itself with the complex flow of data across teams, data centers and organizational boundaries. It expands beyond tools and data architecture and views the data organization from the perspective of its processes and workflows.

Data Processing 246

Data Processing Data Lake Cost-Benefit Testing 246

CIO Business Intelligence

SEPTEMBER 19, 2023

Organizations all around the globe are implementing AI in a variety of ways to streamline processes, optimize costs, prevent human error, assist customers, manage IT systems, and alleviate repetitive tasks, among other uses. For other companies, AI use in customer service has also been driven by consumer’s increased expectations.

Enterprise 141

Enterprise Cost-Benefit Optimization Deep Learning 141

IBM Big Data Hub

NOVEMBER 24, 2023

Application modernization starts with assessment of current legacy applications, data and infrastructure and applying the right modernization strategy (rehost, re-platform, refactor or rebuild) to achieve the desired result. Duplicative capabilities across applications and channels give rise to duplicative IT resources (e.g.,

Cost-Benefit 96

Cost-Benefit Testing Data-driven Enterprise 96

Smart Data Collective

NOVEMBER 12, 2020

In an age where data plays a fundamental role in every aspect of our lives, it’s relatively simple to find the answers that we need. Big data has made it possible to store information on virtually everything. Unfortunately, the growing reliance on big data hasn’t come without a cost. Convenience.

Big Data 141

Big Data Consulting Data-driven Cost-Benefit 141

datapine

MARCH 8, 2021

Rapid technological evolution means it’s now possible to use accessible and intuitive data-driven tools to our advantage. We’ve delved into the impact of big data in healthcare. Explore our 14-day free trial & benefit from great healthcare reports! Your Chance: Want to test a healthcare reporting software for free?

Reporting 198

Reporting KPI Management Cost-Benefit 198

CIO Business Intelligence

JANUARY 11, 2023

As technology projects, budgets, and staffing grew over the past few years, the focus was on speed to market to maximize opportunity, says Troy Gibson, CIO services leader at business and IT advisory firm Centric Consulting. To achieve this goal, “CIOs need to treat the assessment and analysis of data as a scientific discipline,” he advises.

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

Smart Data Collective

MAY 17, 2023

Businesses are also using AI-driven ERP software. AI-Driven ERP Tools Are Becoming More Important than Ever AI tools are becoming more common in enterprise software. ERP systems have been stagnant for decades in managing and processing enterprise data. Using ERP software that utilizes AI technology will change this process.

Enterprise 96

Enterprise Cost-Benefit Software Data-driven 96

Smart Data Collective

MARCH 23, 2023

AI technology offers a number of major benefits of small businesses and freelancers. However, one of the other benefits of AI is that it can help with your taxes! Advanced AI algorithms can reduce costs, save time, and improve ROI. You can also deduct the cost of your AI-driven tax preparation software.

Cost-Benefit 81

Cost-Benefit Insurance Advertising Consulting 81

IBM Big Data Hub

MARCH 14, 2024

According to a study conducted by HFS Research in partnership with IBM Consulting®, only 25% of surveyed enterprises have reported solid ROI on business outcomes from their cloud transformation efforts. This is exacerbated by the increasing challenges of platform scaling, skilling, cybersecurity and the explosion of data volumes.

ROI 74

ROI Business Objectives Cost-Benefit Enterprise 74

Jet Global

FEBRUARY 18, 2020

Gary Melling is the President and CEO of Acquired Insights, a firm that designs customized AI applications and tech-driven strategic initiatives. We hear about companies becoming “data-driven.” What’s distinct about working with digital data compared to the insights of the past? Healthcare is another example.

Data-driven 64

Data-driven Machine Learning Cost-Benefit ROI 64

Smart Data Collective

JANUARY 27, 2022

Big data technology has become a very important aspect of our lives. More businesses than ever are transitioning to data-driven business models. Research has shown that companies with big data strategies are 19 times more likely to become profitable. 1 Equip Your Employees with the Right Data Analytics Tools.

Optimization 107

Optimization IT Big Data Cost-Benefit 107

IBM Big Data Hub

NOVEMBER 6, 2023

Enterprises should create personalized experiences for SMBs based on qualitative and quantitative data As SMBs become more cautious about their spending, the enterprises that serve them must drive value through increased personalization. Data-driven personalization is essential in today’s business environment.

Cost-Benefit 108

Cost-Benefit Enterprise ROI Data Warehouse 108

O'Reilly on Data

OCTOBER 22, 2020

We do so out of genuine curiosity as well as professional necessity: Q is an ML/AI consultant, Chris is a product manager in the AI space, and Shane is an attorney. The opinions presented here are personal, do not reflect the view of our employers, and are not professional product, consulting, or legal advice. A lot of questions.

Consulting 296

Consulting Risk Cost-Benefit Modeling 296

IBM Big Data Hub

OCTOBER 25, 2023

Here’s how CTOs and CIOs can evaluate their technology and data estates, assess the opportunity and chart a path forward. First, technology leaders need to estimate the full financial impact of modernization (versus the cost of not modernizing) across the organization.

Cost-Benefit 88

Cost-Benefit ROI Modeling Testing 88

IBM Big Data Hub

NOVEMBER 20, 2023

Knowledgeable executives understand that strong talent management programs improve KPIs like employee retention percentages and employee satisfaction and decrease recruitment costs. Ultimately, prioritizing talent management strategy is an organizational decision that, done right, will deliver ROI on any program costs.

Strategy 105

Strategy Management Cost-Benefit Consulting 105

IBM Big Data Hub

APRIL 13, 2023

Do you need to move data to the cloud while ensuring its integrity, security and compliance? Consideration 2: Business change management Transformation is often seen as bumpy road rife with costs and business slowdowns. Here are three considerations for adopting RISE with SAP and BREAKTHROUGH with IBM for RISE with SAP.

Consulting 79

Consulting Software Cost-Benefit Management 79

CIO Business Intelligence

OCTOBER 23, 2023

One way they’re doing that is by reimagining the IT function, say management consultants, executive advisors, and CIOs themselves. Organizations that enhance customer experience can boost sales by upwards of 7% and profitability between 1% and 2% , according to management consulting firm McKinsey. IT needs to go beyond that.

IT 135

IT Consulting Scorecard Key Performance Indicator 135

CIO Business Intelligence

OCTOBER 13, 2022

As part of an application portfolio rationalization, organizations must understand what each application does, how it could benefit from transformation, and what path is right for cloud migration. This process helps ensure successful, predicable delivery of projects on schedule and with the highest levels of quality.

Cost-Benefit 108

Cost-Benefit Data-driven Optimization Digital Transformation 108

Ontotext

AUGUST 17, 2023

Management consultants regularly point to many of the root causes, but they often overlook a glaring common thread. 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

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. Benefits: Improved efficiency Reduced cost Enhanced transparency Customer relationship management (CRM) BPR is a pivotal strategy for organizations that want to overhaul their customer relationship management (CRM) processes.

Cost-Benefit 52

Cost-Benefit Finance Optimization Key Performance Indicator 52

IBM Big Data Hub

APRIL 1, 2024

Stacking strong data management, predictive analytics and GenAI is foundational to taking your product organization to the next level. Addressing customer inquiries with an AI-driven chatbot ChatGPT distinguished itself as the first publicly accessible GenAI-powered virtual chatbot.

Predictive Analytics 82

Predictive Analytics Sales Enterprise Predictive Modeling 82

CIO Business Intelligence

APRIL 5, 2022

For some, leveraging data and analytics tools is proving to be an effective way to address the challenges. As consulting firm Deloitte notes, the free movement and operation of people, raw materials, finished goods, and factory operations have been stymied. Enhancing operations and relationships with suppliers.

Analytics 144

Analytics Cost-Benefit Forecasting Manufacturing 144

CIO Business Intelligence

OCTOBER 6, 2023

Business analysts (BAs) are responsible for bridging the gap between IT and the business using data analytics to assess processes, determine requirements, and deliver data-driven recommendations and reports to executives and stakeholders.

IT 128

IT Business Analysis Key Performance Indicator Cost-Benefit 128

datapine

MAY 21, 2019

“BI is about providing the right data at the right time to the right people so that they can take the right decisions” – Nic Smith. Data analytics isn’t just for the Big Guys anymore; it’s accessible to ventures, organizations, and businesses of all shapes, sizes, and sectors. And the success stories are seemingly endless.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards Slice and Dice 183

Smart Data Collective

MARCH 27, 2023

billion on AI in 2021 , but small businesses may spend even more on AI-driven financial management software. Some of the benefits of AI in banking include: Banks use AI bots to onboard clients and analyze borrower risk. Many small businesses are investing in AI-driven financial management software. It sounds expensive.

Software 89

Software Finance Cost-Benefit Data-driven 89

IBM Big Data Hub

JANUARY 15, 2024

A recent study found that McKinsey research shows that organizations that “launched some flavor of digital transformation,” have only experienced a third of the expected revenue benefits on average. But organizations still need humans to decide what actions to take based on what the ML-analyzed data shows.

Digital Transformation 75

Digital Transformation Internet of Things IoT Consulting 75

IBM Big Data Hub

NOVEMBER 30, 2023

Highlight the unique benefits, opportunities, and culture. Offer competitive compensation and benefits: Meet or exceed industry standards for pay and benefits packages and clearly communicate these offerings to potential candidates. Analyze the cost and benefits associated with each.

Strategy 66

Strategy Cost-Benefit Consulting Data-driven 66

IBM Big Data Hub

JULY 19, 2023

The industry is under tremendous pressure to accelerate drug development at an optimal cost, automate time- and labor-intensive tasks like document or report creation to preserve employee morale, and accelerate delivery. This digital data is coming at the industry in various formats, like unstructured text, images, PDFs and emails.

Consulting 62

Consulting Machine Learning Manufacturing Optimization 62

IBM Big Data Hub

APRIL 22, 2024

To drive real change, it’s crucial for individuals, industries, organizations and governments to work together, using data and technology to uncover new opportunities that will help advance sustainability initiatives across the globe. The world is behind on addressing climate change.

IoT 83

IoT Internet of Things Cost-Benefit Reporting 83

CIO Business Intelligence

JUNE 23, 2023

According to the MIT Technology Review Insights Survey, an enterprise data strategy supports vital business objectives including expanding sales, improving operational efficiency, and reducing time to market. The problem is today, just 13% of organizations excel at delivering on their data strategy.

Data Strategy 110

Data Strategy Strategy Visualization Consulting 110

CIO Business Intelligence

OCTOBER 3, 2023

These tools bring benefits beyond automation. Typically these would include: • Process discovery: comprises process mining to identify bottlenecks and inefficiencies and task mining to identify user interactions in process, enabling those processes for which automation will deliver maximum benefits to be given priority.

Cost-Benefit 114

Cost-Benefit Machine Learning Interactive Software 114

CIO Business Intelligence

APRIL 13, 2023

But despite those expenditures, there have already been at least 13 major data breaches, including at Apple, Meta and Twitter. To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going. “If

IT 111

IT Cost-Benefit Risk Consulting 111

IBM Big Data Hub

SEPTEMBER 6, 2023

Enterprise marketing teams stand to benefit greatly from generative AI, yet introduction of this capability will require new skills and processes. The journey starts with sound data. Generative AI needs the right data As with all AI implementations, generative AI requires attention to sourcing and maintaining the underlying data.

Marketing 119

Marketing Strategy B2B Cost-Benefit 119

datapine

MARCH 31, 2022

Does data excite, inspire, or even amaze you? Despite these findings, the undeniable value of intelligence for business, and the incredible demand for BI skills, there is a severe shortage of BI-based data professionals – with a shortfall of 1.5 2) Top 10 Necessary BI Skills. 3) What Are the First Steps To Getting Started?

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

Smart Data Collective

JUNE 28, 2022

Fortunately, data scalability has made smart technology more accessible. Technological innovation has proved incredibly useful for this purpose, so we’ve compiled a list of smart energy inventions that are helping us all save energy costs and reduce our reliance on finite resources. Smart grids. The impact.

Technology 110

Technology Cost-Benefit Consulting Data-driven 110

IBM Big Data Hub

AUGUST 1, 2023

Our longstanding partnership with Adobe spanning both technology and consulting allows us to offer an unparalleled range of services to meet the evolving needs of the marketing and creative community. With Workfront, IBM has created a more efficient working model that helps us deliver client experiences that are data driven and relevant.

Consulting 62

Consulting Marketing Enterprise Optimization 62