What is the difference between Shared Services today and Shared Services in 2007?

Corinium

There was all this talk about significant cost benefits, enhanced service quality and manageable challenges. One thing was certain, the bigger the firm the bigger the cost cutting. In 2007 I was asked to produce an event around shared services. I was awe struck at how many developments there were in the industry at that time. This was an exciting time.

Writing Business Cases: 6 Things You Should Know About Identifying Project Benefits

BA Learnings

While some companies identify business benefits with the sole intention of getting business cases approved, more mature companies tend to devote their resources to tracking and measuring these business benefits after the projects have been concluded.

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How to transition from brownfield SCADA to greenfield IoT

3AG Systems

Is it worth the cost and effort to upgrade an existing (brownfield) operation? The high cost of maintaining legacy systems When doing a cost benefit analysis for a new system, you are going to be faced with the cost of the new system vs. the alternative of doing nothing, i.e., the status quo.

IoT 52

Data Strategy Creation – A Roadmap

Peter James Thomas

These need to be woven together to form the fabric of a Data Strategy and to deliver several other more detailed supporting documents, such as Data Roadmaps, or Cost / Benefit Analyses. The latter has to be imbued with real commercial benefits being delivered.

Digital Risk “Techquilibrium” Requires IRM

John Wheeler

Rather than simply looking at a cost/benefit analysis to determine the potential for loss minimization, CROs need to understand the technological risks behind a digital product or service in quantitative terms. Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations.

Risk 48

Top drivers and benefits of cloud BI differ significantly by company size

BI-Survey

Small companies are attracted to the cloud because of flexibility, cost, reduced infrastructure maintenance and scalability. For large companies, scalability is the top driver, followed by speed of implementation, cost and agility. Mid-size firms are driven by cost, flexibility, performance and security. Benefits also vary significantly between companies of different sizes. Benefits achieved from cloud-based BI, by company size (number of employees), n=166.

Using Cloudera Machine Learning to Build a Predictive Maintenance Model for Jet Engines

Cloudera

To maximize safety for all passengers and crew members, while also delivering profits, airlines have heavily invested in predictive analytics to gain insight on the most cost-effective way to maintain real-time engine performance. Step 3: Apply an added cost value to the results.

Three’s Company Too: Metadata, Data and Text Analysis

Ontotext

Separating the definitions of the metadata from the data had the benefit of simplifying validation and introducing flexibility. With text analysis producing valuable (and semantic) metadata, companies derive a number of benefits. Metadata has immediate SEO benefits.

Banking on a cloudy outlook: what drove this month’s surge in cloud partnerships for financial institutions?

Tamr

The flexible pricing structure of cloud providers offers a natural hedge – the pay-as-you-go structure allows cost to move in-sync with the level of data storage needed. Throughout July, we saw a series of major public cloud announcements in financial services.

7 Ways Small Businesses Use Data Analytics for Expense Tracking

Smart Data Collective

Companies are discovering the countless benefits of using big data as they strive to keep their operations lean. One of the most important benefits of using big data is with expense tracking. You should make an effort to review them and determine ways where you can cut back on costs.

Q&A Tuesday with Paul Hoare: The Promise and Pitfalls of Financial Technology

Jet Global

We do a cost-benefit analysis or what’s known as activity costing. Paul Hoare is a founder, innovator, and entrepreneur involved with multiple startups in emerging technology.

Banking on a cloudy outlook: what drove this month’s surge in cloud migrations at financial institutions?

Tamr

The flexible pricing structure of cloud providers offers a natural hedge – the pay-as-you-go structure allows cost to move in-sync with the level of data storage needed. Throughout July, we saw a series of major announcements of public cloud migrations at financial institutions.

Is Cloud Communication A Good Alternative To Mobile Communications?

Smart Data Collective

Here are some benefits that need to be assessed. Cloud Technology Lower the Cost of Communicating. Brian Martucci of Money Crashers wrote an insightful post on the cost benefits of using cloud technology to communicate. The usage costs are one of the benefits. These benefits include: There are very limited hardware requirements, which makes them more affordable to set up.

How to Choose Between Cloud-Based and On-premise Solutions

BizAcuity

Cost – Enterprises that choose on premise need to invest in the software, hardware and infrastructure for the deployment. They are also responsible for the maintenance and upgrade of the environment, and for ongoing costs of the server hardware, power consumption, and space. On the other hand, in a cloud deployment, you only need to pay for the resources that you use, with none of the maintenance and upkeep costs. The cost also varies based on consumption.

How to Choose Between Cloud-Based and On-premise Solutions

BizAcuity

Cost – Enterprises that choose on premise need to invest in the software, hardware and infrastructure for the deployment. They are also responsible for the maintenance and upgrade of the environment, and for ongoing costs of the server hardware, power consumption, and space. On the other hand, in a cloud deployment, you only need to pay for the resources that you use, with none of the maintenance and upkeep costs. The cost also varies based on consumption.

Dancing with Elephants in 5 Easy Steps

Cloudera

The Corner Office is pressing their direct reports across the company to “Move To The Cloud” to increase agility and reduce costs. As a result, Big Data administrators pursued running “in the cloud” to reduce costs, simplify workloads, and have greater flexibility.

Deep Learning Would Be Crucial Under Sanders’s Medicare for All System

Smart Data Collective

The effort is laudable and realistic, but he needs to come up with a solution to contain costs. Deep learning is likely to play an essential role in keeping costs in check. Bernie Sanders needs to talk more about ways that he can control costs before passing Medicare for All.

How to Choose Between Cloud-Based and On-premise Solutions

BizAcuity

Cost – Enterprises that choose on premise need to invest in the software, hardware and infrastructure for the deployment. They are also responsible for the maintenance and upgrade of the environment, and for ongoing costs of the server hardware, power consumption, and space. On the other hand, in a cloud deployment, you only need to pay for the resources that you use, with none of the maintenance and upkeep costs. The cost also varies based on consumption.

Evolution of AI in Sales (Part 2)

bridgei2i

However, this is more of an operations/procurement focused or cost benefit. A 2017 white paper produced by Harvard Business Review in collaboration with Apttus states that “B2B revenue generation processes offer huge opportunities to benefit from the (AI) technologies.” Lead & Opportunity scoring : These solutions have been around for a while and have proven themselves, albeit as incremental benefits, enabling more efficient allocation of sales efforts.

Sales 40

Modernize Your ETL Processes, Discover Better Insights

Sisense

This is mostly due to the rise of data warehouses, decrease in cost for data storage, and modern ETL tools that make storing and accessing data more approachable than ever before.

Cost Conscious Data Warehousing with Cloudera Data Platform

Cloudera

Why worry about costs with cloud-native data warehousing? Have you been burned by the unexpected costs of a cloud data warehouse? If not, before adopting a cloud data warehouse, consider the true costs of a cloud-native data warehouse. Instead, you face runaway operational costs.

More VR Misdirection

Perceptual Edge

These two fields overlap in many ways because they both visualize information, but they also significantly differ, and the differences cannot be ignored, certainly not when exploring the potential benefits of VR. We absolutely should use technology to better leverage data for solving human problems, which is precisely why we should never just assume that a specific new technology provides benefits.

Moving to an Agile “New” Big Data Paradigm

Perficient Data & Analytics

The benefits of microservices and its principles are fairly easy to quantify – isolation, resiliency, scalability, automation, agility, independence. The benefits of MapReduce and Hadoop is largely based on taking advantage of local disk attached to compute resources to process data distributed across a large cluster, what they termed data locality. Things like spot and reserve pricing for EC2s also offered cost benefits for dynamically sizing and scaling compute resources.

Top 40 Engineering KPIs and Metric Examples for 2020 Reporting

Jet Global

Here are some engineering KPI examples that you can apply to your research and development team: Existing Product Support Cost – This engineering KPI tracks how much it costs your company to support existing product lines relative to how much revenue they generate each year.

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Meet Perficient’s Chief Strategists: Christine Livingston

Perficient Data & Analytics

We’ve done a lot of work in the virtual agent space to reduce costs in call centers and create an omnichannel customer experience. You have to understand the cost-benefit analysis of continuing to train the platform for accuracy gains. Thrilling our clients with innovation and impact – it’s not just rhetoric. This belief is instrumental for our clients’ success.

Dear Avinash: Your Digital Marketing + Analytics Challenges Answered

Occam's Razor

Find campaigns where they are spending most money, lower the bounce rate and reduce acquisition cost. But they don't realize the cost. If it is not a deal-breaker, keep using the tool, keep benefiting from it. You have three options at your disposal, depending on how hard you want to work / how accurate of an answer you want (and remember, you don't always need the most accurate answer – it is very smart to do, even back of the napkin, cost benefit analysis).