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6 ways generative AI can optimize asset management

IBM Big Data Hub

Every asset manager, regardless of the organization’s size, faces similar mandates: streamline maintenance planning, enhance asset or equipment reliability and optimize workflows to improve quality and productivity. These foundation models, built on large language models, are trained on vast amounts of unstructured and external data.

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Why Data Driven Decision Making is Your Path To Business Success

datapine

The term ‘big data’ alone has become something of a buzzword in recent times – and for good reason. By implementing the right reporting tools and understanding how to analyze as well as to measure your data accurately, you will be able to make the kind of data driven decisions that will drive your business forward.

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3 forces shaping the evolution of ERP

CIO Business Intelligence

Those include AI, data-centric design, systems that can be used off the shelf, functions that augment decisions, developer enablement, and customer-facing technology. On-premises ERP is seen as “not as scalable as people thought,” says Sharon Bhalaru, partner at accounting and technology consulting firm Armanino LLP.

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Misled by metrics: 7 KPI mistakes IT leaders make

CIO Business Intelligence

“Too often, technology companies pay consulting or analyst firms to create metrics based on the best characteristics of their offerings,” says Judith Hurwitz, CEO of Hurwitz Strategies, an emerging technology consulting firm. When studying a metric, it’s important to know who created it and the data source.

Metrics 131
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What is Integrated Business Planning (IBP)?

IBM Big Data Hub

By having real-time data at their fingertips, decision-makers can adjust their strategies, allocate resources accordingly, and capitalize on the unexpected spike in demand, ensuring customer satisfaction while maximizing revenue. Making up the IBP framework are six key pillars: 1.

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Transforming IT for digital success

CIO Business Intelligence

Many aspire to do better, though, with 43% of the transformers seeking to improve their performance. One way they’re doing that is by reimagining the IT function, say management consultants, executive advisors, and CIOs themselves. Become truly customer-centric Attention to customers pays off.

IT 131
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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.

IT 126