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. For instance, Azure Digital Twins allows companies to create digital models of environments. Introduction of New Business Models. This both enhances the user’s experience and benefits the business.

Cost-Benefit 138

Cost-Benefit IoT Internet of Things Data-driven 138

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 93

Manufacturing Cost-Benefit Data Lake Optimization 93

IBM Big Data Hub

APRIL 22, 2024

We use to collect data from 6,500+ utility bills we receive globally each year and summarize total energy consumption, cost, and renewable electricity purchases across to save many hours of calculations. These models also help estimate where carbon is stored, how long it will take to degrade, and more.

IoT 85

IoT Internet of Things Cost-Benefit Reporting 85

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. Financial services: Develop credit risk models. from 2022 to 2028.

Predictive Analytics 138

Predictive Analytics Analytics Predictive Modeling Forecasting 138

datapine

JANUARY 6, 2022

Qualitative data, as it is widely open to interpretation, must be “coded” so as to facilitate the grouping and labeling of data into identifiable themes. There are few certainties when it comes to data analysis, but you can be sure that if the research you are engaging in has no numbers involved, it is not quantitative research.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

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 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

O'Reilly on Data

OCTOBER 22, 2020

Taking the time to work this out is like building a mathematical model: if you understand what a company truly does, you don’t just get a better understanding of the present, but you can also predict the future. Since I work in the AI space, people sometimes have a preconceived notion that I’ll only talk about data and models.

Consulting 296

Consulting Risk Cost-Benefit Modeling 296

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. Plus, it uses LLMs like GPT-4 to generate natural language insights from data using AI techniques like natural language processing and generation.

Digital Transformation 112

Digital Transformation Dashboards Reporting Data Science 112

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 140

Enterprise Cost-Benefit Optimization Deep Learning 140

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. They are also perfect for storing and visualizing large healthcare data models so it can be quickly processed and analyzed. 1] [link] [2] [link].

Analytics 76

Analytics Cost-Benefit Visualization Risk 76

IBM Big Data Hub

MAY 26, 2023

Leading life science companies are leveraging cloud for innovation around operational, revenue and business models. Leading life sciences companies are discovering the power of cloud in enabling analytics and artificial intelligence (AI) , shrinking innovation cycles, and standardizing processes across global operations, among other benefits.

Consulting 79

Consulting Cost-Benefit Optimization Machine Learning 79

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 87

Management Internet of Things Cost-Benefit Uncertainty 87

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. These are machine learning algorithms; the more data collected the better the results,” she said. We do it all for you automatically.”.

IT 100

IT Machine Learning Cost-Benefit Data Collection 100

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 108

Cost-Benefit Internet of Things Data-driven Data Lake 108

DataRobot

APRIL 27, 2021

Just like people, software robots can do things like understand what is on a screen, complete the right keystrokes, navigate systems, identify and extract data, and perform a wide range of defined actions. The benefit of these software robots is they can perform these actions faster and more consistently than people and can run 24/7.

Machine Learning 98

Machine Learning Cost-Benefit Predictive Modeling Software 98

Cloudera

MARCH 29, 2022

To capitalize on the opportunities that data creates for the public good, state and local CIOs must harness data in motion with a cohesive strategy and platform. It’s no secret that the cloud has become the go-to infrastructure foundation for a modern data strategy. Hybrid cloud is the Model of Choice.

Cost-Benefit 93

Cost-Benefit Strategy Data Science Data Processing 93

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 134

Data-driven Cost-Benefit Big Data Data Processing 134

Smart Data Collective

MARCH 27, 2020

It goes without saying that more expensive cars cost more to insure. Insurance companies have access to stats on what make and model of car is stolen more often or involved in more crashes. To get an estimate of what the average insurance rate is for the make and model of your car, use The Zebra’s insurance by vehicle calculator.

Insurance 107

Insurance Measurement Risk Cost-Benefit 107

CIO Business Intelligence

MARCH 8, 2023

Enterprises driving toward data-first modernization need to determine the optimal multicloud strategy, starting with which applications and data are best suited to migrate to cloud and what should remain in the core and at the edge. A hybrid approach is clearly established as the optimal operating model of choice.

Manufacturing 77

Manufacturing Business Objectives Cost-Benefit Optimization 77

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. Artificial intelligence, machine learning, and advanced data analytics techniques come together to accomplish this. If data had to be sorted manually, it would easily take months or even years to do it. What is text analysis?

Cost-Benefit 117

Cost-Benefit Unstructured Data Machine Learning Marketing 117

Smart Data Collective

MAY 8, 2022

Their skepticism has waned significantly, as they have finally started to discover the countless benefits that big data has to offer for their industry. Verizon Connect has talked at length about the benefits of using big data to streamline many business operations for fleet management. Keep reading to find out.

Optimization 103

Optimization Data Analytics Management Analytics 103

datapine

APRIL 21, 2022

For instance, when it comes to Human Resources, a digital transformation entails streamlining operations and digitizing personnel data. An accounting department may consider leveraging electronic contracts, data collecting, and reporting as a part of the digital transition. Approach To Digital Marketing. Refine Digital Channels.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. Circular economy: When waste is a resource Waste not, want not: the circular economy model, which aims to minimize unnecessary waste and make the most of resources, is booming.

Reporting 98

Reporting Cost-Benefit Internet of Things Data-driven 98

CIO Business Intelligence

AUGUST 5, 2022

Enterprises driving toward data-first modernization need to determine the optimal multicloud strategy, starting with which applications and data are best suited to migrate to cloud and what should remain in the core and at the edge. A hybrid approach is clearly established as the optimal operating model of choice.

IT 86

IT Manufacturing Business Objectives Cost-Benefit 86

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 Governance 143

Data Governance IT Risk Data Lake 143

IBM Big Data Hub

AUGUST 14, 2023

The Cost of a Data Breach 2023 global survey found that extensively using artificial intelligence (AI) and automation benefited organizations by saving nearly USD 1.8 million in data breach costs and accelerated data breach identification and containment by over 100 days, on average.

Cost-Benefit 60

Cost-Benefit Machine Learning Consulting Data mining 60

IBM Big Data Hub

JULY 26, 2023

By requiring a fresh evaluation of all expenses, Pyhrr aimed to eliminate unnecessary costs, identify inefficiencies, and promote a more focused use of resources. Some key benefits include: Cost Savings: ZBB requires a thorough evaluation of all expenses, challenging the assumption that last year spending levels are justified.

Cost-Benefit 60

Cost-Benefit Optimization Visualization Data-driven 60

IBM Big Data Hub

AUGUST 11, 2023

Because ML is becoming more integrated into daily business operations, data science teams are looking for faster, more efficient ways to manage ML initiatives, increase model accuracy and gain deeper insights. MLOps is the next evolution of data analysis and deep learning. How the models are stored.

Data Science 57

Data Science Machine Learning Cost-Benefit Deep Learning 57

CIO Business Intelligence

JUNE 5, 2023

It’s an approach that delivers consistent policy across network and security domains; an approach that radically simplifies operations with networking platforms that can support both on-premises and cloud operating models.

Internet of Things 74

Internet of Things Cost-Benefit Manufacturing IoT 74

O'Reilly on Data

JULY 28, 2020

You must detect when the model has become stale, and retrain it as necessary. The Marketing team built the first model, but because it was from marketing, the model optimized for CTR and lead conversion. Nonetheless, building a superior feature pipeline or model architecture will always be worthwhile.

Marketing 362

Marketing Experimentation Metrics Testing 362

CIO Business Intelligence

JANUARY 24, 2024

Using unstructured data for actionable insights will be a crucial task for IT leaders looking to drive innovation and create additional business value.” One of the keys to benefiting from unstructured data is to define clear objectives, Miller says. What are the goals for leveraging unstructured data?”

Data Strategy 134

Data Strategy Strategy Unstructured Data Data Governance 134

Ontotext

FEBRUARY 14, 2024

CEEL is an end-to-end transformer-based model that includes mention detection and uses entity types and entity descriptions to perform entity linking. Out of the box, the model links to Wikidata IDs. That’s why such models must use context in order to differentiate between entities, just as humans do.

Cost-Benefit 52

Cost-Benefit Modeling Metadata Optimization 52

AWS Big Data

JULY 13, 2023

Vega Cloud provides a place where finance, engineers, and innovators come together to accelerate the business value of the cloud with concrete curated data, context-relevant recommendations, and automation to achieve cost savings. Vega’s curated reports provide actionable insights to accelerate time-to-value from years into days.

Cost-Benefit 75

Cost-Benefit Dashboards Optimization Visualization 75

Smart Data Collective

NOVEMBER 24, 2020

In this article, you’ll discover: upcoming trends in business intelligence what benefits will BI provide for businesses in 2020 and on? Augmented analytics uses artificial intelligence to process data and prepare insights based on them. Future of Business Intelligence: Benefits Provided. Advantage: unpaired control over data. .

Business Intelligence 131

Business Intelligence Visualization Dashboards Prescriptive Analytics 131

CIO Business Intelligence

APRIL 22, 2022

For most organizations, it is employed to transform data into value in the form of improved revenue, reduced costs, business agility, improved customer experience, the development of new products, and the like. Data science gives the data collected by an organization a purpose. Data science vs. data analytics.

Data Science 137

Data Science Statistics Machine Learning Visualization 137

CIO Business Intelligence

MARCH 24, 2023

It encompasses the people, processes, and technologies required to manage and protect data assets. The Data Management Association (DAMA) International defines it as the “planning, oversight, and control over management of data and the use of data and data-related sources.”

Data Governance 142

Data Governance Management Metadata Data Quality 142

Smart Data Collective

SEPTEMBER 11, 2020

An article in CISCOMAG talks about the benefits of using AI in improving network security. By mimicking human intelligence and analyzing data with inbuilt algorithms, this technology is revolutionizing users’ networking experience. AI will also employ cost-effectiveness in developing and maintaining networking systems.

Technology 97

Technology IoT Internet of Things Cost-Benefit 97