IBM Big Data Hub

JUNE 8, 2023

However, many of these organizations lack a clear pathway to realizing their goals and 41% of surveyed executives cite inadequate data as their biggest obstacle to ESG progress. Technology, when harnessed effectively, can provide innovative solutions such as those that help to protect and restore reefs.

Technology 85

Technology Measurement Cost-Benefit Data-driven 85

IBM Big Data Hub

SEPTEMBER 20, 2023

Few technologies have taken the world by storm the way artificial intelligence (AI) has over the past few years. When implemented in a responsible way—where the technology is fully governed, privacy is protected and decision making is transparent and explainable—AI has the power to usher in a new era of government services.

Cost-Benefit 111

Cost-Benefit Digital Transformation Technology Modeling 111

IBM Big Data Hub

FEBRUARY 7, 2024

Advanced technologies, more stringent reporting standards and stronger support from stakeholders are building momentum for eco-friendly initiatives and the incentives that encourage them. Companies are investing in renewable energy projects and implementing energy-efficient technologies and practices.

Reporting 100

Reporting Cost-Benefit Internet of Things Data-driven 100

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. Vendor management skills and responsibilities.

Management 111

Management Cost-Benefit Risk Software 111

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. A testament to its potential, the market for graph technology is projected to reach $11.25B by 2030. [1] 1] Graph technology isn’t new.

Analytics 79

Analytics Cost-Benefit Visualization Risk 79

CIO Business Intelligence

DECEMBER 19, 2023

In recent years, government agencies have increasingly turned to cloud computing to manage vast amounts of data and streamline operations. While cloud technology has many benefits, it also poses security risks, especially when it comes to protecting sensitive information.

Data Lake 96

Data Lake Management Cost-Benefit Data Processing 96

IBM Big Data Hub

APRIL 22, 2024

To drive real change, it’s crucial for individuals, industries, organizations and governments to work together, using data and technology to uncover new opportunities that will help advance sustainability initiatives across the globe. This Earth Day, we are calling for action to conserve our scarcest resource: the planet.

IoT 86

IoT Internet of Things Cost-Benefit Reporting 86

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics in business Predictive analytics draws its power from a wide range of methods and technologies, including big data, data mining, statistical modeling, machine learning, and assorted mathematical processes. Financial services: Develop credit risk models. from 2022 to 2028.

Predictive Analytics 141

Predictive Analytics Analytics Predictive Modeling Forecasting 141

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

APRIL 29, 2022

As someone who is passionate about the transformative power of technology, it is fascinating to see intelligent computing – in all its various guises – bridge the schism between fantasy and reality. This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives. Establishing a Data Foundation.

Data Governance 144

Data Governance IT Risk Data Lake 144

Smart Data Collective

JUNE 29, 2022

During this wave of disruption, successful business owners and startup founders need to understand the technologies that are driving the industry forward. 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. Top Use Cases of AI in Fintech.

Cost-Benefit 86

Cost-Benefit Predictive Analytics Finance Forecasting 86

Smart Data Collective

MARCH 28, 2021

Any rigid business that is hesitant to embrace cloud computing technology is bound to experience great challenges. Although there are many benefits of moving to the cloud , this decision is not without its risks. Reduced Costs and Downtime. This both enhances the user’s experience and benefits the business.

Cost-Benefit 138

Cost-Benefit IoT Internet of Things Data-driven 138

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

MAY 26, 2023

This digitalization and need to share medical data are driving the demand for precision medical technologies. With the growth in usage of digital technology and cloud in the life sciences industry, digital information is more readily available and at a greater risk for exploitation.

Consulting 81

Consulting Cost-Benefit Optimization Machine Learning 81

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. Predictive analysis: As its name suggests, the predictive analysis method aims to predict future developments by analyzing historical and current data. What is the keyword?

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

IBM Big Data Hub

FEBRUARY 14, 2024

McDonald’s is building AI solutions for customer care with IBM Watson AI technology and NLP to accelerate the development of its automated order taking (AOT) technology. Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps).

Cost-Benefit 89

Cost-Benefit Insurance Unstructured Data Machine Learning 89

CIO Business Intelligence

MARCH 24, 2023

Data governance definition Data governance is a system for defining who within an organization has authority and control over data assets and how those data assets may be used. It encompasses the people, processes, and technologies required to manage and protect data assets.

Data Governance 142

Data Governance Management Metadata Data Quality 142

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 113

Cost-Benefit Internet of Things Data-driven Data Lake 113

BA Learnings

AUGUST 7, 2021

In addition to that, the risk assessment will not be carried out properly, and you won’t know what pitfalls lie ahead until you’re already knee-deep in the problem. New technologies, especially those that incorporate artificial intelligence , require specialized help for successful implementation into your business.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

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

CIO Business Intelligence

JANUARY 24, 2024

How enterprises gather, store, cleanse, access, and secure their data can be a major factor in their ability to meet corporate goals. Unfortunately, the road to data strategy success is fraught with challenges, so CIOs and other technology leaders need to plan and execute carefully.

Data Strategy 135

Data Strategy Strategy Unstructured Data Data Governance 135

CIO Business Intelligence

OCTOBER 4, 2022

For the CIO to be successful with this, there needs to be a comprehensive strategy that extends far beyond simply deploying new technologies. Many CIOs are now working with an IT environment that can deliver a modern data strategy but are struggling to unlock the full potential. 4) Use data to build new revenue streams.

Cost-Benefit 99

Cost-Benefit Strategy ROI Digital Transformation 99

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 61

Cost-Benefit Machine Learning Consulting Data mining 61

CIO Business Intelligence

JUNE 22, 2022

AssuredPartners is a full-service insurance broker providing commercial insurance, risk management, and employee benefits. He came to IT from the business, and he has both a technology background and a deep understanding of the nitty gritty of our business processes. How is data collected and used in the organization?

IT 100

IT Insurance Cost-Benefit Risk Management 100

Smart Data Collective

APRIL 30, 2020

Open source technology relies heavily on staffing, maintenance, hardware, and so on. Going over budget is quite common for data analytics, so the companies providing data are pressured into charging more for the services as well. Doing it on your own also comes down to big costs. Big Data has two sides.

Big Data 101

Big Data Cost-Benefit Risk Data Analytics 101

Smart Data Collective

MAY 8, 2022

When you combine big data with AI, you can help your users extract highly-valuable insights from data, foster data literacy across your company or organization, and take advantage of the many other benefits it offers. Improves decision making and reduces costs. Identifying risks. Wrapping it up.

Big Data 106

Big Data Data Analytics Analytics Cost-Benefit 106

IBM Big Data Hub

FEBRUARY 23, 2024

Second, a comprehensive inventory makes it easier to comply with user requests to share, update, or delete their data. To ensure that consent is informed, the organization should clearly explain what it collects and how it will use that data at the point of data collection. Consents cannot be bundled, either.

Measurement 84

Measurement Risk Data Collection Data Processing 84

Smart Data Collective

DECEMBER 11, 2019

-Kobielus points out that every vertical is finding ways to use big data to improve its competitive advantages. Integrated business systems provide a centralized repository where those benefits can be executed. The Importance of Big Data in Integrated Business Systems in the 21st Century. Reduce the Risk of Errors.

Big Data 69

Big Data Cost-Benefit Software Risk 69

CIO Business Intelligence

APRIL 7, 2023

So what are ways to store, structure, analyze, and disseminate data collected and centralized to develop digital solutions that promote this? It allows our customers to control costs and payment times throughout the chain, and have reinforced anti-fraud compliance control,” Dahman says.

Management 94

Management Digital Transformation B2B Marketing 94

O'Reilly on Data

JULY 28, 2020

The Ethical OS also provides excellent tools for thinking through the impact of technologies. This isn’t always simple, since it doesn’t just take into account technical risk; it also has to account for social risk and reputational damage. AI product managers need to understand how sensitive their project is to error.

Marketing 362

Marketing Experimentation Metrics Testing 362

BizAcuity

FEBRUARY 22, 2019

The emergence of new business models, the changing needs of the traditional financial departments of event industry and advancements in technology have all led to the need for financial analytics. In addition, it needs to have powerful analytics technology for its event revenue measurement.

Analytics 75

Analytics Cost-Benefit Finance Sales 75

Smart Data Collective

MAY 17, 2021

The current digital economy runs on our data, and allowing these companies to collect it and process it for their benefit seems to be the cost of entry. In 2016, the European Union adopted the GDPR – General Data Protection Regulation – which sets the standards for personal data protection.

Cost-Benefit 94

Cost-Benefit Advertising Data Collection Data-driven 94

Smart Data Collective

JULY 9, 2023

There are many ways that data analytics can help e-commerce companies succeed. One benefit is that they can help with conversion rate optimization. Collecting Relevant Data for Conversion Rate Optimization Here is some vital data that e-commerce businesses need to collect to improve their conversion rates.

Optimization 73

Optimization Data Analytics Analytics Data-driven 73

Smart Data Collective

JUNE 15, 2022

As the current business world has changed rapidly owing to technology and other advancements, the most agile merchants have thrived and even prospered, typically by employing data-driven tactics. Following is a detailed look at some of the benefits of taking a data-driven approach in a retail business.

Advertising 98

Advertising Cost-Benefit ROI Sales 98

Smart Data Collective

DECEMBER 21, 2022

Big data technology has helped businesses make more informed decisions. A growing number of companies are developing sophisticated business intelligence models, which wouldn’t be possible without intricate data storage infrastructures. One of the biggest issues pertains to data quality.

Business Analytics 110

Business Analytics Analytics Data Quality Big Data 110

IBM Big Data Hub

AUGUST 11, 2023

Steps in the MLOps process Where MLOps sees the biggest benefit is in the iterative orchestration of tasks. While data scientists are reviewing new data sources, engineers are adjusting ML configurations. Efficiency and cost savings—Data science models previously required significant computing power at a high cost.

Data Science 59

Data Science Machine Learning Cost-Benefit Deep Learning 59

Smart Data Collective

FEBRUARY 28, 2023

Here at Smart Data Collective, we have blogged extensively about the changes brought on by AI technology. While the technology is not new, this is being referred to as the year for AI. Machine learning technology has already had a huge impact on our lives in many ways. What is risk parity?

Machine Learning 85

Machine Learning Risk Cost-Benefit Marketing 85