CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives. Data Centricity. The excitement is palpable.

Data Governance 145

Data Governance IT Risk Data Lake 145

CIO Business Intelligence

JUNE 22, 2022

AssuredPartners is a full-service insurance broker providing commercial insurance, risk management, and employee benefits. Where are the data sets? How is data collected and used in the organization? I have an M&A leader who sits on my transformation team. All they do is M&A. How is it governed?

IT 105

IT Insurance Cost-Benefit Risk Management 105

CIO Business Intelligence

AUGUST 5, 2022

The shift toward hybrid IT has clear upsides, enabling organizations to choose the right solution for each task and workload, depending on criteria such as performance, security, compliance, and cost, among other factors. Artificial intelligence (AI) projects are another useful example.

IT 97

IT Manufacturing Business Objectives Cost-Benefit 97

Smart Data Collective

MARCH 29, 2021

And this is usually at the lowest possible costs in terms of material and machinery. Over the years, asset-intensive industries have been searching for cost-efficient ways of managing, repairing, and overhauling activities. Asset data collection. Data has become a crucial organizational asset. Mechanization.

Big Data 137

Big Data Management Cost-Benefit Internet of Things 137

datapine

JANUARY 6, 2022

Data analysis and interpretation have now taken center stage with the advent of the digital age… and the sheer amount of data can be frightening. In fact, a Digital Universe study found that the total data supply in 2012 was 2.8 The importance of data interpretation is evident and this is why it needs to be done properly.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

IBM Big Data Hub

SEPTEMBER 12, 2023

The models also reduce private sector customs data collection costs by 40%. Reducing delays increases the predictability of supply chains, which enables further optimization and cost reduction (including the reduction of inventory carrying costs).

Testing 84

Testing Modeling Cost-Benefit Consulting 84

Smart Data Collective

SEPTEMBER 14, 2022

A growing number of organizations are resorting to the use of big data. They have found that big data technology offers a number of benefits. However, utilizing big data is more difficult than it might seem. Companies must be aware of the different ways that data can be collected, aggregated and applied.

Data-driven 125

Data-driven Big Data Cost-Benefit Measurement 125

Smart Data Collective

OCTOBER 16, 2023

IoT Sensors generate IoT data. Smart devices use sensors to collect data and upload it to the Internet. Examples include CCTV records, automated vacuum cleaners, weather station data, and other sensor-generated data. All in all, big data refers to massive data collections obtained from various sources.

Big Data 101

Big Data IoT Cost-Benefit Advertising 101

IBM Big Data Hub

SEPTEMBER 20, 2023

Such services can empower citizens and help restore trust in public entities by improving workforce efficiency and reducing operational costs in the public sector. Three main areas of focus Getting there, however, requires government agencies to focus on the main areas where AI use cases can benefit their agencies, and its customers the most.

Cost-Benefit 101

Cost-Benefit Digital Transformation Technology Modeling 101

Smart Data Collective

MARCH 28, 2021

Although there are many benefits of moving to the cloud , this decision is not without its risks. Reduced Costs and Downtime. Apart from reduced operational costs and downtime, every company that is utilizing Azure cloud has its employees finding it easier to learn how their machines work and how to repair or replace the machines.

Cost-Benefit 137

Cost-Benefit IoT Internet of Things Data-driven 137

CIO Business Intelligence

DECEMBER 19, 2023

While cloud technology has many benefits, it also poses security risks, especially when it comes to protecting sensitive information. To address these challenges, agencies are turning to a secure cloud fabric that can ensure the confidentiality, integrity, and availability of their data in the cloud.

Data Lake 107

Data Lake Management Cost-Benefit Data Processing 107

Smart Data Collective

MAY 28, 2021

Data security and data collection are both much more important than ever. Every organization needs to invest in the right big data tools to make sure that they collect the right data and protect it from cybercriminals. One tool that many data-driven organizations have started using is Microsoft Azure.

Data-driven 133

Data-driven Cost-Benefit Big Data Data Processing 133

Smart Data Collective

APRIL 5, 2022

It allows people with excess computing resources to sell them to data scientists in exchange for cryptocurrencies. Data scientists can access remote computing power through sophisticated networks. Companies and individuals with the computing power that data scientists might need are able to sell it in exchange for cryptocurrencies.

Cost-Benefit 122

Cost-Benefit Machine Learning Data Science Unstructured Data 122

Cloudera

MAY 4, 2022

The availability and maturity of automated data collection and analysis systems is making it possible for businesses to implement AI across their entire operations to boost efficiency and agility. Benefits aplenty. The beauty of AI is that it promises to deliver more benefits than you can even imagine. Faster decisions .

Cost-Benefit 130

Cost-Benefit Internet of Things Insurance Data-driven 130

CIO Business Intelligence

AUGUST 16, 2023

In order to do that, a digital transformation was required, and when it comes to information provision, there wasn’t much, so we put in place basic platforms to handle data, and developed a cloud architecture for infrastructure and applications.” “Often a business area, a service, or a product is digitized but not the entire company.

Risk 95

Risk Cost-Benefit Digital Transformation Internet of Things 95

CIO Business Intelligence

SEPTEMBER 19, 2023

Organizations all around the globe are implementing AI in a variety of ways to streamline processes, optimize costs, prevent human error, assist customers, manage IT systems, and alleviate repetitive tasks, among other uses. And with the rise of generative AI, artificial intelligence use cases in the enterprise will only expand.

Enterprise 141

Enterprise Cost-Benefit Optimization Deep Learning 141

CIO Business Intelligence

JANUARY 9, 2023

When the world’s largest healthcare company by revenue went looking for a technology solution that could improve quality of care while reducing costs, the search took ten years. It’s what social networking applications use to store and process vast amounts of “connected” data. 2] Storing and accessing this data alone is not enough.

Analytics 90

Analytics Cost-Benefit Visualization Risk 90

CIO Business Intelligence

APRIL 27, 2023

At this time of dynamic business and market changes, uncertainty, and quickly evolving consumption models for IT infrastructure, every IT executive understands the benefits and necessity of network agility. We’ve seen how it can gather and organize telemetry data collected from all parts of a company’s network.

Management 98

Management Internet of Things Cost-Benefit Uncertainty 98

Smart Data Collective

JUNE 2, 2022

Companies can invest in specialized cloud software that provides essential data that helps give them real-time access to suppliers, electronic invoices, and other information. This arguably one of the most important benefits of cloud technology in the modern economy. Cloud Automation Helps. Many companies have started sourcing online.

Technology 120

Technology ROI Cost-Benefit Forecasting 120

CIO Business Intelligence

JULY 15, 2022

While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security. Benefits of vendor management. Building that relationship and foundation is one of the main goals and benefits of vendor management. Left unmanaged, vendor partnerships can quickly fall behind.

Management 120

Management Cost-Benefit Risk Software 120

CIO Business Intelligence

SEPTEMBER 8, 2022

Most organizations understand the profound impact that data is having on modern business. In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years.

Cost-Benefit 121

Cost-Benefit Internet of Things Data-driven Data Lake 121

IBM Big Data Hub

MAY 28, 2024

Virtually every organization recognizes the power of data to enhance customer and employee experiences and drive better business decisions. Yet, as data becomes more valuable, it’s also becoming harder to protect. Its principles are the same as those of data protection—to protect data and support data availability.

Strategy 83

Strategy Measurement Risk Cost-Benefit 83

CIO Business Intelligence

DECEMBER 19, 2022

Multiple clouds mean multiple problems of interoperability that undermine marketer confidence in customer profiles and the customer data truth. This might not matter very much for isolated back-office IT applications, but to marketers’ data truth it is mission critical.

Advertising 97

Advertising Cost-Benefit Metrics Marketing 97

Smart Data Collective

MAY 1, 2022

In this age of the internet, we come across enough text that will cost us an entire lifetime to read. When machines can easily procure needed information from a pile of unorganized data, you know the benefits of such technology are enormous. If data had to be sorted manually, it would easily take months or even years to do it.

Cost-Benefit 115

Cost-Benefit Unstructured Data Machine Learning Marketing 115

CIO Business Intelligence

JANUARY 17, 2024

The first was becoming one of the first research companies to move its panels and surveys online, reducing costs and increasing the speed and scope of data collection. The best weapon to make decisions in a dynamic world is accurate and relevant information so organizations can carry out strategic plans in the most reliable way.

Digital Transformation 119

Digital Transformation Dashboards Reporting Data Science 119

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 98

Manufacturing Cost-Benefit Data Lake Optimization 98

Alation

JULY 15, 2022

Contrast this response to a wider audience of non-data practitioners and this response changes to rarely/never. Why is data ethics overlooked? I raised the Cambridge Analytica Scandal and pointed out how it is often only when these stories hit the news that people question the ethics behind how companies are using data.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

CIO Business Intelligence

JUNE 29, 2023

Don’t collect more data, collect the right data Today, large enterprises are awash in massive volumes of data points being collected by various monitoring systems. Ensure you have the right team In going through this process, it is important to take a look at the people who look at the data.

Cost-Benefit 94

Cost-Benefit Data Collection Enterprise Reporting 94

datapine

APRIL 21, 2022

For instance, when it comes to Human Resources, a digital transformation entails streamlining operations and digitizing personnel data. For instance, when it comes to Human Resources, a digital transformation entails streamlining operations and digitizing personnel data. Approach To Digital Marketing.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

Smart Data Collective

JULY 21, 2021

Often, this is about cutting costs, or adding automation, or making life a bit easier. Again, there is nothing wrong with this, but the problem with specific software solutions is that they rarely look at the big picture or provide any benefit outside of a very narrow function. But think about it. But you can change that.

Digital Transformation 143

Digital Transformation Data Strategy Strategy Cost-Benefit 143

Occam's Razor

JANUARY 31, 2017

Ten years, and the 944,357 words, are proof that I love purposeful data, collecting it, pouring smart strategies into analyzing it, and using the insights identified to transform organizations. The end result in all these cases is that data efforts come to naught. Let's go, and have some sexy data presentation fun!

Visualization 148

Visualization IT Strategy Key Performance Indicator 148

Smart Data Collective

MAY 11, 2023

Since the launch of Smart Data Collective, we have talked at length about the benefits of AI for mobile technology. AI technology can also help developers create and launch apps more quickly, reduce bugs and lower development costs. These are just some of the benefits of using AI in the e-commerce sector.

Cost-Benefit 97

Cost-Benefit Optimization Data-driven Marketing 97

Smart Data Collective

JUNE 29, 2022

Let’s talk about AI’s benefits in fintech , especially in terms of app development and how you can use it to maximize the success of your business. AI can benefit financial technology in a number of ways. From these benefits ultimately come cost savings. From these benefits ultimately come cost savings.

Cost-Benefit 85

Cost-Benefit Predictive Analytics Finance Forecasting 85

CIO Business Intelligence

OCTOBER 4, 2022

The CIO has a real ability to achieve a competitive advantage for its business through data. Many CIOs are now working with an IT environment that can deliver a modern data strategy but are struggling to unlock the full potential. In short, an identity solution is critical to being able to properly analyse and leverage customer data.

Cost-Benefit 105

Cost-Benefit Strategy ROI Digital Transformation 105

CIO Business Intelligence

JUNE 5, 2023

The cost savings and other benefits from automation and improved efficiencies across thousands of stores, gas stations, hotels, or restaurants can be significant. In manufacturing and supply chain operations, a unified experience can facilitate real-time data collection, inventory management, and logistics tracking.

Internet of Things 91

Internet of Things Cost-Benefit Manufacturing IoT 91

IBM Big Data Hub

FEBRUARY 14, 2024

Other uses include Netflix offering viewing recommendations powered by models that process data sets collected from viewing history; LinkedIn uses ML to filter items in a newsfeed, making employment recommendations and suggestions on who to connect with; and Spotify uses ML models to generate its song recommendations.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

Smart Data Collective

MARCH 3, 2023

Data points might include the number of pageviews on a website, the length of time it takes an employee to complete a specific task, or social media likes. Each business creates different data points, which can be collected and used to help guide strategy. Data analysis begins with a dataset— and usually, the bigger the better.

Modeling 83

Modeling Cost-Benefit Software Strategy 83