Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Control Operational Costs.

Data-driven 104

Data-driven Cost-Benefit Data mining Big Data 104

CIO Business Intelligence

JULY 12, 2023

However, some things are common to virtually all types of manufacturing: expensive equipment and trained human operators are always required, and both the machinery and the people need to be deployed in an optimal manner to keep costs down. Moreover, lowering costs is not the only way manufacturers gain a competitive advantage.

Manufacturing 91

Manufacturing Cost-Benefit Data Lake Optimization 91

Cloudera

SEPTEMBER 24, 2021

Initially, network monitoring and service assurance systems like network probes tended not to persist information: they were designed as reactive, passive monitoring tools that would allow you to see what was going on at a point in time, after a network problem had occurred, but the data was never retained.

Analytics 96

Analytics IoT Cost-Benefit Big Data 96

Cloudera

NOVEMBER 1, 2022

These systems can pose operational risks, including rising costs and the inability to meet mission requirements. . In the private sector, excluding highly regulated industries like financial services, the migration to the public cloud was the answer to most IT modernization woes, especially those around data, analytics, and storage.

Cost-Benefit 89

Cost-Benefit Data Architecture Risk IoT 89

CIO Business Intelligence

DECEMBER 6, 2023

The migration, still in its early stages, is being designed to benefit from the learned efficiencies, proven sustainability strategies, and advances in data and analytics on the AWS platform over the past decade. Here, Dickson sees data generated from its industrial machines being very productive.

Manufacturing 74

Manufacturing Data Lake Digital Transformation Machine Learning 74

Corinium

JUNE 6, 2019

For instance, for a variety of reasons, in the short term, CDAOS are challenged with quantifying the benefits of analytics’ investments. Some of the work is very foundational, such as building an enterprise data lake and migrating it to the cloud, which enables other more direct value-added activities such as self-service.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

JANUARY 24, 2024

Building a successful data strategy at scale goes beyond collecting and analyzing data,” says Ryan Swann, chief data analytics officer at financial services firm Vanguard. Using unstructured data for actionable insights will be a crucial task for IT leaders looking to drive innovation and create additional business value.”

Data Strategy 133

Data Strategy Strategy Unstructured Data Data Governance 133

CIO Business Intelligence

OCTOBER 13, 2022

As companies fast-track IT modernization to accelerate digital transformation and gain business advantage, there is an opportunity to rearchitect a greener IT environment and application portfolio that will drive cost efficiencies and contribute to broader corporate sustainability goals. of all global carbon emissions.

IT 59

IT Cost-Benefit Internet of Things IoT 59

Sisense

MARCH 14, 2021

However, when investigating big data from the perspective of computer science research, we happily discover much clearer use of this cluster of confusing concepts. As we move from right to left in the diagram, from big data to BI, we notice that unstructured data transforms into structured data.

Big Data 52

Big Data IoT Data Warehouse Data-driven 52

Cloudera

SEPTEMBER 18, 2020

In Part Two they will look at how businesses in both sectors can move to stabilize their respective supply chains and use real-time streaming data, analytics, and machine learning to increase operational efficiency and better manage disruption. The 6 key takeaways from this blog are below: 6 key takeaways.

Manufacturing 84

Manufacturing IoT Forecasting Machine Learning 84

IBM Big Data Hub

JANUARY 8, 2024

Organizations implementing successful business transformations are more likely to grow their existing businesses, eliminate silos, create revenue growth and business models and reinvent how they handle their operations. Any successful digital transformation must include a robust data analytics component to accurately track successes.

Digital Transformation 60

Digital Transformation Strategy Key Performance Indicator Cost-Benefit 60

CIO Business Intelligence

MAY 16, 2022

From the factory floor to online commerce sites and containers shuttling goods across the global supply chain, the proliferation of data collected at the edge is creating opportunities for real-time insights that elevate decision-making. The concept of the edge is not new, but its role in driving data-first business is just now emerging.

IoT 77

IoT Data Warehouse Internet of Things Machine Learning 77

Sisense

OCTOBER 15, 2020

Dealing with Data is your window into the ways data teams are tackling the challenges of this new world to help their companies and their customers thrive. Streaming data analytics is expected to grow into a $38.6 How industries can benefit from streaming data. billion market by 2025.

Dashboards 98

Dashboards IoT Optimization Internet of Things 98

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. When a user sends a message, the system uses NLP to parse and understand the input, often by using DL models to grasp the nuances and intent. DL, a subset of ML, excels at understanding context and generating human-like responses.

Enterprise 95

Enterprise Interactive Data-driven Key Performance Indicator 95

IBM Big Data Hub

JULY 26, 2023

Digital twin technology, an advancement stemming from the Industrial Internet of Things (IIoT), is reshaping the oil and gas landscape by helping providers streamline asset management, optimize performance and reduce operating costs and unplanned downtime. What is a digital twin?

Technology 53

Technology Cost-Benefit Optimization Internet of Things 53

Cloudera

JANUARY 14, 2021

They are armed with more knowledge than ever before, as a result, four strategic pillars have emerged that have resulted as leading retailers and brands have deployed a data-centric strategy enabling a customer-first approach. Reinventing Brick and Mortar is Delivering Fresh Customer Experiences.

Cost-Benefit 72

Cost-Benefit Digital Transformation Sales IoT 72

erwin

JUNE 11, 2020

Data intelligence transforms the way industries operate by enabling businesses to hasten the process of analyzing and understanding the derived information with its more understandable models and aggregated trends. Several hospitals have also employed data intelligence tools in their services and operational processes.

Key Performance Indicator 103

Key Performance Indicator KPI Data-driven Machine Learning 103

CDW Research Hub

NOVEMBER 29, 2021

Your first thought about the Internet of Things (IoT) might be of a “smart” device or sensor. However, building an IoT solution requires thought into six distinct layers, each with its own considerations and security implications. So, what are the six layers of IoT? Layer 1: IoT devices. Layer 2: Edge computing.

IoT 89

IoT Cost-Benefit Internet of Things ROI 89

DataKitchen

JULY 27, 2023

Let’s go through the ten Azure data pipeline tools Azure Data Factory : This cloud-based data integration service allows you to create data-driven workflows for orchestrating and automating data movement and transformation. You can use it for big data analytics and machine learning workloads.

Machine Learning 130

Machine Learning Cost-Benefit Data Transformation Testing 130

CIO Business Intelligence

AUGUST 16, 2022

Elaborating on some points from my previous post on building innovation ecosystems, here’s a look at how digital twins , which serve as a bridge between the physical and digital domains, rely on historical and real-time data, as well as machine learning models, to provide a virtual representation of physical objects, processes, and systems.

Visualization 143

Visualization Cost-Benefit IoT ROI 143

BizAcuity

JUNE 3, 2022

Current trends show retailers experimenting with emerging technologies like Predictive Analytics and IoT. With the right forecasting model in place, businesses leverage highly accurate forecasts to ensure maximum cost savings. The future of retailing: Big Data Analytics for omnichannel retail and logistics.

Data Analytics 59

Data Analytics Analytics Forecasting Predictive Analytics 59

Sisense

MAY 11, 2021

You can’t talk about data analytics without talking about data modeling. These two functions are nearly inseparable as we move further into a world of analytics that blends sources of varying volume, variety, veracity, and velocity. Building the right data model is an important part of your data strategy.

Modeling 84

Modeling Big Data IoT Data Warehouse 84

CIO Business Intelligence

JANUARY 23, 2024

The culture transformation and evolutions in digital core competencies that CIOs target as their new collaborative operating models require KPIs to guide executives on where to focus leadership efforts, communications, and process improvements. Efficiency metrics might show the impacts of automation and data-driven decision-making.

Measurement 125

Measurement Digital Transformation KPI Metrics 125

Smart Data Collective

AUGUST 14, 2019

The healthcare sector is heavily dependent on advances in big data. Healthcare organizations are using predictive analytics , machine learning, and AI to improve patient outcomes, yield more accurate diagnoses and find more cost-effective operating models. Big Data is Driving Massive Changes in Healthcare.

Big Data 78

Big Data Data Analytics Analytics Internet of Things 78

AWS Big Data

MAY 16, 2024

To learn more details about their benefits, see Introduction to Spatial Indexes. Learn more about these differences in CARTO’s free ebook Spatial Indexes Benefits of H3 One of the flagship examples of spatial indexes is H3, which is a hexagonal spatial index. This ensures robust data representation in all directions.

Data Warehouse 107

Data Warehouse Visualization Cost-Benefit Optimization 107

CIO Business Intelligence

MAY 24, 2022

Organisations have to contend with legacy data and increasing volumes of data spread across multiple silos. To meet these demands many IT teams find themselves being systems integrators, having to find ways to access and manipulate large volumes of data for multiple business functions and use cases. THE GROWTH OF DATA.

Data-driven 78

Data-driven Data Lake Data Warehouse Cost-Benefit 78

BizAcuity

MAY 10, 2022

Despite cost-cutting being the main reason why most companies shift to the cloud, that is not the only benefit they walk away with. Cloud washing is storing data on the cloud for use over the internet. While that allows easy access to users, and saves costs, the cloud is much more and beyond that.

Data-driven 52

Data-driven IoT Unstructured Data Data Lake 52

IBM Big Data Hub

FEBRUARY 6, 2024

Today, these three cloud architecture models are not mutually exclusive; instead, they work in concert to create a hybrid multicloud—an IT infrastructure model that uses a mix of computing environments (e.g., on-premises, private cloud, public cloud, edge) with public cloud services from more than one provider.

Cost-Benefit 99

Cost-Benefit Digital Transformation Software Modeling 99

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. And more recently, we have also seen innovation with IOT (Internet Of Things).

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Cloudera

APRIL 13, 2021

What’s the fastest and easiest path towards powerful cloud-native analytics that are secure and cost-efficient? In our humble opinion, we believe that’s Cloudera Data Platform (CDP). And sure, we’re a little biased—but only because we’ve seen firsthand how CDP helps our customers realize the full benefits of public cloud. .

Enterprise 78

Enterprise Cost-Benefit Data Warehouse Data Architecture 78

CIO Business Intelligence

APRIL 12, 2022

As the transportation industry continues to evolve, converging technologies such as 5G and powerful edge compute will enable the next generation of prescriptive and adaptive data-driven outcomes benefiting passengers, the industry and sustainability. Whether moving people or goods, transportation environments are in constant motion.

IT 72

IT Cost-Benefit IoT Machine Learning 72

IBM Big Data Hub

DECEMBER 1, 2023

Private cloud combines many benefits of cloud computing with the security and control of on-premises IT infrastructure. A multicloud environment helps prevent vendor lock-in, which can result in technical incompatibilities, legal restrictions and excess costs tied to using just one vendor. IoT devices ).

Data Processing 80

Data Processing Cost-Benefit Digital Transformation Testing 80

IBM Big Data Hub

DECEMBER 20, 2023

The hybrid multicloud model Today most enterprise businesses rely on a hybrid multicloud environment. For instance, organizations can capitalize on a hybrid cloud environment to improve customer experience, comply with regulations, optimize costs, enhance data security and more.

Strategy 94

Strategy Cost-Benefit Digital Transformation Optimization 94

IBM Big Data Hub

JUNE 29, 2023

Here, we will compare digital twins and digital threads, and discuss potential use cases and benefits. A digital twin is a digital replica of a physical object or system, complete with all the design and operational data of the physical object, including geometry, performance data and behavior models.

Internet of Things 54

Internet of Things Manufacturing Digital Transformation Optimization 54

AWS Big Data

FEBRUARY 21, 2023

Data warehouses are mostly built using the dimensional model approach, which has consistently met business needs. Additionally, scalability of the dimensional model is complex and poses a high risk of data integrity issues. What is a dimensional data model?

Data Warehouse 65

Data Warehouse Data Lake Cost-Benefit Metadata 65

IBM Big Data Hub

SEPTEMBER 11, 2023

On June 7, 1983, a product was born that would revolutionize how organizations would store, manage, process , and query their data: IBM Db2. Codd published his famous paper “ A Relational Model of Data for Large Shared Data Banks.” In 1969, retired IBM Fellow Edgar F. Chamberlin and Raymond F.

Machine Learning 85

Machine Learning Cost-Benefit IoT Data Warehouse 85

IBM Big Data Hub

JUNE 10, 2024

Beyond that, household devices blessed with Internet of Things (IoT) technology means that CPUs are now being incorporated into refrigerators, thermostats, security systems and more. Data analytics The goal of data analytics is to take raw data and refine it into an understandable narrative that addresses business goals.

Manufacturing 62

Manufacturing Forecasting Data-driven Internet of Things 62