article thumbnail

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 Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0

article thumbnail

Optimizing PCI compliance in financial institutions

CIO Business Intelligence

How can implementing a CCA benefit financial institutions and their various business units in their quest for PCI security compliance? That, in turn, reduces IT cost, the time it takes staff to learn the environment, and the time to market. One of the significant advantages of a CCA is the potential for cost reduction.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 common consultant negotiation tactics and how to protect your interests

CIO Business Intelligence

To execute a successful digital transformation initiative, you are likely to establish consulting provider relationships. Unfortunately, many organizations find themselves susceptible to the tactics used by consultants to manage their risk and optimize a commercial arrangement to their benefit. This takes planning.

article thumbnail

Practical advice to optimize savings with cloud migrations

CIO Business Intelligence

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. leading to poor performance and high cost.

article thumbnail

IBM to buy Apptio for $4.6B to help companies optimize IT spend

CIO Business Intelligence

billion to help enterprises optimize their IT expenditure, particularly cloud costs, as they try to navigate uncertain macroeconomic conditions. While ApptioOne can be used by enterprises to manage hybrid cloud, Apptio Cloudability can be used to monitor public cloud spending and expenditure optimization.

article thumbnail

Optimize data layout by bucketing with Amazon Athena and AWS Glue to accelerate downstream queries

AWS Big Data

However, as data volumes continue to grow, optimizing data layout and organization becomes crucial for efficient querying and analysis. To address this challenge, common practices like partitioning and bucketing can significantly improve query performance and reduce computation costs.

article thumbnail

How IBM helps clients accelerate app modernization and control costs

IBM Big Data Hub

To accelerate the hybrid cloud journey and control costs, it is critical to prioritize specific execution and transformation steps. IBM Consulting Cloud Accelerator understands complex program interactions in the current state of applications and microservices and can perform a what-if analysis of possible target states.