Smart Data Collective

APRIL 20, 2023

There are many ways businesses are using big data to make better decisions and operate more efficiently Organizations can use big data to optimize expenses and reduce costs. One of the many ways big data is helping companies operate more cost-effectively is through the construction of smart buildings.

Big Data 132

Big Data Data-driven Cost-Benefit Internet of Things 132

CIO Business Intelligence

MAY 12, 2023

Benefit 1: holistic security protection With the proliferation of on-premise, cloud, and SaaS systems, technology leaders are struggling to protect an increasingly diverse and expanding attack surface area from bad actors. Edgio To realize true cost savings from the edge requires a balanced approach.

Cost-Benefit 105

Cost-Benefit Data-driven Digital Transformation Optimization 105

CIO Business Intelligence

APRIL 11, 2023

As cloud investments increase, benefits remain elusive without also investing in optimization efforts targeted at reducing cloud waste and lowering costs, that’s according to a new study published by CIO.com. In fact, the vast majority (55%) of those respondents say costs are “extremely” challenging.

Cost-Benefit 105

Cost-Benefit Digital Transformation ROI Optimization 105

IBM Big Data Hub

MAY 25, 2023

In this blog post, we will examine traditional IT operation problems through the lens of data-driven automation and the benefits of AIOps. And every second counts—a recent IDC survey found that a single hour of downtime costs an average of USD 250K or more when a revenue-generating production service is impacted.

Cost-Benefit 73

Cost-Benefit Data-driven Digital Transformation Optimization 73

David Menninger's Analyst Perspectives

AUGUST 26, 2022

This can provide numerous benefits for an organization, such as improved operational efficiency, cost optimization, fraud detection, competitive advantage and enhanced business processes. Organizations are managing and analyzing large datasets every day, identifying patterns and generating insights to inform decisions.

Analytics 147

Analytics Cost-Benefit Optimization Management 147

CIO Business Intelligence

APRIL 19, 2023

Stemmer Distribution, the largest French company to provide dental products to healthcare professionals since 1978, was able to reduce costs while improving their customer experience with the help of Avaya. Consolidating the individual costs of voice, messaging, etc. That’s where Avaya stepped in.

Cost-Benefit 98

Cost-Benefit Digital Transformation Optimization Data Processing 98

CIO Business Intelligence

MAY 31, 2023

The expensive upfront costs According to Bhattacharya, the upfront cost of acquiring EVs is a disadvantage compared to acquiring fossil fuel buses. “A But the initial cost is still a barrier to the adoption of the technology.” In addition, it bought its first four EVs to demonstrate its commitment.

Cost-Benefit 98

Cost-Benefit IT Finance Manufacturing 98

Smart Data Collective

JANUARY 19, 2023

Are you looking for a way to reduce the cost of your development efforts? The cost savings associated with DevOps on the cloud are significant. By leveraging existing cloud-based services, businesses can save time and money by avoiding costly IT overhead costs like maintenance, licensing fees, and server infrastructure setup.

Optimization 116

Optimization Cost-Benefit Software Measurement 116

CIO Business Intelligence

APRIL 21, 2023

The generative AI solution has tools that allow “what-if” plans and analytics to track performance using inputs such as market analysis, production rates, maintenance costs and demand forecasts. Benefits of Production Assurance AI Production Assurance AI can bring a multitude of business-changing benefits to manufacturing organizations.

Cost-Benefit 104

Cost-Benefit Manufacturing Data-driven Enterprise 104

CIO Business Intelligence

JANUARY 17, 2023

Then, identify opportunities to reduce run costs and free up funds to invest in transformation and new technology capabilities. So your usage and costs should be elastic, expanding and contracting with workload. That’s a core benefit of cloud. Remember, you don’t own cloud servers, you just “rent” them. An easy example?

Cost-Benefit 137

Cost-Benefit IT Optimization Software 137

CIO Business Intelligence

FEBRUARY 27, 2023

Since then, Barioni has taken control of the situation, putting into action a multi-year plan to move over half of Reale Group’s core applications and services to just two public clouds in a quest for cost optimization and innovation. Why build a multicloud infrastructure?

Cost-Benefit 143

Cost-Benefit Enterprise Optimization Insurance 143

Smart Data Collective

MARCH 23, 2023

Some companies are interested in taking advantage of the benefits of existing AI tools like ChatGPT. The ROI of creating their own AI applications can be massive, but they still need to use them cost-effectively. A study done by Deloitte in late 2022 showed that cost reduction is the top priority for CFOs.

Software 114

Software Strategy Cost-Benefit Testing 114

CIO Business Intelligence

APRIL 4, 2023

However, the transformative benefits of cloud cannot be realized (or may even be negated!) Cloud-based network management solutions are gaining traction as organizations seek to consolidate their tools, drive better efficiencies, and lower costs. without a modern network to support it. 4] How can cloud-based network management help?

Management 96

Management IoT Marketing Cost-Benefit 96

CIO Business Intelligence

MAY 9, 2023

When deciding which modernization path to take, some companies choose to scrap their mainframe, a costly endeavor that increases the risk of downtime and sacrifices its powerful benefits. Because of the development of open DevOps/AppDev solutions, businesses can deliver applications to market faster, at lower cost, and with less risk.

Cost-Benefit 105

Cost-Benefit Software Digital Transformation Enterprise 105

CIO Business Intelligence

MARCH 29, 2023

Cut to one of the most significant concerns across enterprises today: rising cloud costs. The business case for cloud remains the same: greater scalability, increased efficiency, better data security, increased reliability and resilience — and, potentially, lower costs.

Cost-Benefit 137

Cost-Benefit Enterprise Measurement Optimization 137

CIO Business Intelligence

MAY 23, 2023

A 2022 survey of innovation and business strategy conducted by the International Monetary Fund found that 40% of innovation-oriented companies (SMBs to large enterprises) reduce costs as a result of new product innovations which, on average, account for 20% of all sales. With the promise of 2.5

Enterprise 98

Enterprise Cost-Benefit Machine Learning Interactive 98

Octopai

APRIL 24, 2023

This new native integration enhances our data lineage solution by providing seamless integration with one of the most powerful cloud-based data warehouses, benefiting data teams and enabling support for a broader range of data lineage, discovery, and catalog.

Data-driven 96

Data-driven Data Warehouse Data Governance Cost-Benefit 96

Smart Data Collective

MARCH 29, 2023

However, we have quickly realized that ChatGPT has benefits that go well beyond writing more efficiently. A couple of weeks ago, General Motors started testing the benefits of ChatGPT in its products. General Overview of the Benefits of AI in the Automotive Sector The market for AI in the automotive industry is booming.

Cost-Benefit 98

Cost-Benefit Machine Learning Manufacturing Optimization 98

Smart Data Collective

MAY 19, 2023

There are also many benefits for customers since AI helps financial institutions lower their fees, improve their product and service offerings, and offer their services to a broader range of consumers, such as approving a higher percentage of loans to reliable borrowers by improving actuarial decision-making.

Analytics 82

Analytics Predictive Analytics Cost-Benefit Technology 82

CIO Business Intelligence

APRIL 7, 2023

Other major benefits of purpose-built GenAI include: Data security and compliance: AI’s unique capability is handling and analyzing huge datasets with unprecedented speed and efficiency. That’s because massive amounts of data are required for training, eclipsing deployment speed and time to market, the very benefits GenAI enables.

Enterprise 105

Enterprise Cost-Benefit Modeling Digital Transformation 105

Smart Data Collective

MARCH 19, 2023

This is important for small businesses trying to manage costs during a recession. The top 3 pros for using AI-generated content: Increased efficiency Cost-effective Consistent in tone and style Increased Efficiency One of the major advantages of using AI-generated content for your business is that it increases efficiency.

Cost-Benefit 98

Cost-Benefit Technology Marketing Strategy 98

Smart Data Collective

APRIL 20, 2023

As early as now, you might be looking for ways to cut costs and keep your factory afloat. You understand that lowering costs is the key to surviving tough times, but you need help figuring out where to start. This is because it can optimize the supply chain efficiently, reducing inventory logistics costs.

Predictive Analytics 86

Predictive Analytics Cost-Benefit Machine Learning Optimization 86

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. trillion by 2030.

Cost-Benefit 82

Cost-Benefit Insurance Machine Learning Consulting 82

Smart Data Collective

MAY 16, 2022

AI can analyze data from a variety of sources to help businesses determine which benefits and salary levels will be most appealing to potential employees. In this blog post, we will discuss how AI is being used to create optimal employee compensation packages and the benefits this technology can offer your business.

Cost-Benefit 116

Cost-Benefit Machine Learning Marketing Insurance 116

Smart Data Collective

FEBRUARY 14, 2023

A growing number of companies are discovering that it offers tremendous benefits, but there are also some downsides to it. What Are the Benefits of Cloud Computing for Businesses? It is becoming increasingly popular among businesses due to its cost-effective nature and scalability.

Risk 100

Risk Cost-Benefit Software Technology 100

CIO Business Intelligence

APRIL 5, 2023

And three, it drives down total cost of ownership with an efficient utilization of compute and storage resources. Work performed by AI is done at extraordinary speed and scale with the added benefits of the technology being adaptable and essentially tireless. This approach, known as AI as a platform, is ideal for three reasons.

Cost-Benefit 137

Cost-Benefit Data-driven ROI Risk 137

CIO Business Intelligence

SEPTEMBER 17, 2022

RPA tools have evolved from simple bots that automate single, micro tasks or activities to more complex end-to-end, unattended solutions that can automate entire processes and deliver unprecedented benefits. Benefits notwithstanding, just orchestration – which is almost always part of the overall RPA solution package – has some limitations.

Optimization 126

Optimization Cost-Benefit Metrics Enterprise 126

Cloudera

APRIL 26, 2023

Not only does this deliver faster and richer data services that end users expect, but also enables IT teams to operate a well-oiled platform with benefits such as simpler management and improved security. What business benefits do cloud native architectures deliver? Quick adoption of software updates further lowers maintenance costs.

Cost-Benefit 64

Cost-Benefit Optimization Analytics Experimentation 64

Smart Data Collective

DECEMBER 13, 2022

Cloud technology has led to a number of amazing benefits for companies all over the world. As more businesses take advantage of the benefits of cloud technology, they are able to use remote workers to provide a number of services that previously required workers that were onsite. And what benefits can you expect to see if you do?

Technology 114

Technology Cost-Benefit Modeling Insurance 114

CIO Business Intelligence

FEBRUARY 14, 2023

Here’s where Avaya sees the market heading… The Growth of Hybrid Cloud Among Large Enterprises SMBs will continue to benefit from CCaaS this year with the ability to consume advanced capabilities that were previously out of reach. Cost optimization: Existing IT investments can’t be cost-effectively discarded in favor of new technology.

Statistics 98

Statistics Cost-Benefit Enterprise Data-driven 98

Smart Data Collective

MARCH 8, 2023

In this article, we will discuss the benefits of investing in XDR threat protection and why it is an essential component of any organization’s cybersecurity strategy. Benefits of Investing in XDR Threat Protection There are many benefits of using XDR threat prevention to stop cyberattacks.

Cost-Benefit 88

Cost-Benefit Machine Learning Dashboards Technology 88

Smart Data Collective

AUGUST 30, 2022

That figure is expected to grow as more businesses discover its benefits. Prices must account for the company’s key value metric, cost structure, buyer personas, and other factors like competition. Cost-Plus Pricing. In this model, you create a cost structure for your product, then add a required profit margin.

B2B 131

B2B Analytics Analytics Technologies Cost-Benefit 131

CIO Business Intelligence

MARCH 15, 2023

One of the key advantages of the cloud is cost savings, and yet cloud costs are on the rise and overspending by as much as 70% is commonplace, according to Gartner. That’s a problem for financial leaders and IT leaders trying to govern digital transformation costs and tighten their budgets in response to economic pressures.

Cost-Benefit 98

Cost-Benefit Forecasting Optimization Digital Transformation 98

CIO Business Intelligence

MAY 5, 2023

First-mover AI benefits CarMax’s IT leaders and IT staff were experimenting with OpenAI’s GPT-3.x As a pioneer, CarMax is reaping the early benefits of what will likely be a major business driver across the globe, one analyst says. “As Despite the current overall economic slowdown, CarMax’s Q4 2022 revenues rose 48.8% billion overall.

Digital Transformation 145

Digital Transformation Machine Learning Cost-Benefit Data Lake 145