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A clear path to value: Overcome challenges on your FinOps journey 

IBM Big Data Hub

According to a Gartner report , cloud operational expenses are expected to surpass traditional IT spending, reflecting the ongoing transformation in expenditure patterns by 2025. To maximize benefits and realize the potential of FinOps, organizations must forge a clear path and avoid common mistakes.

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MRO spare parts optimization

IBM Big Data Hub

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 regulations, undergoing digital transformation and the need for cost-cutting. A 40% reduction in inventory costs.

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Types of enterprise resource planning (ERP) systems

IBM Big Data Hub

The benefits of ERP include built-in business intelligence and access to real-time data, along with integrated machine learning capabilities unlike a legacy system. Benefits of on-premises Cost: Since the software is done on-premises there isn’t a monthly or annual subscription cost for the software.

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Supply chain woes? Analytics may be the answer

CIO Business Intelligence

As consulting firm Deloitte notes, the free movement and operation of people, raw materials, finished goods, and factory operations have been stymied. Second, Optimas is using data analytics to help better collaborate with its business customers to reduce costs and better manage their inventories.

Analytics 145
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Scaling Financial Operations in Multi-Academy Trusts

CIO Business Intelligence

Core to this challenge for MAT’s is the management of financial operations, budgets and funding across large numbers of schools Their ability to grow has been impeded by legacy accounting solutions, making it an expensive and lengthy process to setup, onboard and report on new schools as they are brought into the trust.

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What is a business analyst? A key role for business-IT efficiency

CIO Business Intelligence

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. Business analyst skills The business analyst position requires both hard skills and soft skills.

IT 128
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How AI and IoT Solutions Can Improve Your Business

Smart Data Collective

Benefits of AI and IoT in Businesses. The advantages of IoT and AI could be combined to reap the full benefits of both. In the financial sector, for instance, unlawful activity in ATMs is detected by IoT sensors and quickly reported to law authorities. AI and IoT, when combined, are incredibly powerful technological forces.

IoT 133