CIO Business Intelligence

JUNE 3, 2024

A new research study conducted by Foundry exposes what the most successful cloud cost management programs have in common, helping IT and financial leaders pinpoint FinOps approaches generating the highest savings. Data also shows partners are key in controlling runaway costs and gaining efficiencies in financial management.

Cost-Benefit 109

Cost-Benefit ROI Optimization Software 109

CIO Business Intelligence

OCTOBER 2, 2024

One being knowledge management (KM), consisting of collecting enterprise information, categorizing it, and feeding it to a model that allows users to query it. And the other is retrieval augmented generation (RAG) models, where pieces of data from a larger source are vectorized to allow users to “talk” to the data.

Management 141

Management Data Governance Cost-Benefit Structured Data 141

CIO Business Intelligence

APRIL 1, 2022

This phenomenon, which Google calls search abandonment, could cost US retailers around $300 billion each year, according to research conducted jointly by Google and The Harris Poll. Retail Search: a market share and data play. These are machine learning algorithms; the more data collected the better the results,” she said.

IT 109

IT Machine Learning Cost-Benefit Data Collection 109

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

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 98

IT Manufacturing Business Objectives Cost-Benefit 98

CIO Business Intelligence

OCTOBER 2, 2024

Why the synergy between AI and IoT is key The real power of IoT lies in its seamless integration with data analytics and artificial intelligence (AI), where data from connected devices is transformed into actionable insights. Raw data collected through IoT devices and networks serves as the foundation for urban intelligence.

IoT 122

IoT Internet of Things Predictive Modeling Data-driven 122

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 104

IT Insurance Cost-Benefit Risk Management 104

CIO Business Intelligence

OCTOBER 2, 2024

Why the synergy between AI and IoT is key The real power of IoT lies in its seamless integration with data analytics and Artificial Intelligence (AI), where data from connected devices is transformed into actionable insights. Raw data collected through IoT devices and networks serves as the foundation for urban intelligence.

IoT 121

IoT Internet of Things Predictive Modeling Data-driven 121

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 136

Big Data Management Cost-Benefit Internet of Things 136

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

CIO Business Intelligence

SEPTEMBER 18, 2024

After such a fractured experience, you begin asking harder questions like what biases might be embedded in this technology, how is it processing my data, how often is it audited to ensure fairness and transparency, and can it actually be taught to behave ethically. Humans have to drive AI, and AI should not drive humans,” she adds.

Interactive 127

Interactive Cost-Benefit Measurement Testing 127

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 83

Testing Modeling Cost-Benefit Consulting 83

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 123

Data-driven Big Data Cost-Benefit Data Collection 123

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 103

Big Data IoT Cost-Benefit Advertising 103

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 99

Cost-Benefit Digital Transformation Technology Modeling 99

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 138

Cost-Benefit IoT Internet of Things Data-driven 138

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 132

Data-driven Cost-Benefit Big Data Data Processing 132

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 .

Internet of Things 133

Internet of Things Cost-Benefit Insurance Data-driven 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 119

Cost-Benefit Machine Learning Data Science Unstructured Data 119

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 102

Analytics Cost-Benefit Visualization Risk 102

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 109

Data Lake Management Cost-Benefit Data Processing 109

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 98

Risk Cost-Benefit Digital Transformation Internet of Things 98

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

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

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

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 117

Technology ROI Cost-Benefit Forecasting 117

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 120

Cost-Benefit Internet of Things Data-driven Data Lake 120

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.

Unstructured Data 116

Unstructured Data Cost-Benefit Machine Learning Marketing 116

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

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

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

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

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

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 98

Cost-Benefit Data Collection Enterprise Reporting 98

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 149

Visualization IT Strategy Key Performance Indicator 149

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 117

Digital Transformation Dashboards Reporting Data Science 117

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 86

Cost-Benefit Predictive Analytics Finance Forecasting 86