Rocket-Powered Data Science

FEBRUARY 15, 2023

While generative AI has been around for several years , the arrival of ChatGPT (a conversational AI tool for all business occasions, built and trained from large language models) has been like a brilliant torch brought into a dark room, illuminating many previously unseen opportunities.

Strategy 289

Strategy Experimentation Uncertainty Machine Learning 289

CIO Business Intelligence

MARCH 4, 2024

Tungsten Automation is delivering the benefits of AI-driven automation through a comprehensive suite of capabilities that can automate everything from low-value and repetitive data entry tasks through to highly complex actions such as risk analysis and fraud detection.

Cost-Benefit 138

Cost-Benefit Predictive Analytics Data-driven Finance 138

erwin

SEPTEMBER 12, 2019

Strong internal business process modeling and management helps data-driven organizations compete and lead. In short, an internal business process is a documented account of how things should be done to maximize efficiency and achieve a particular goal. The Value of Internal Business Process Modeling.

Modeling 101

Modeling Cost-Benefit Data-driven Data Governance 101

CIO Business Intelligence

FEBRUARY 20, 2024

Microsoft Copilot brings the power of large language models (LLMs) directly into the applications agencies already use, enabling powerful productivity tools to be harnessed through simple words and phrases. There are also obvious benefits for new workers. Along with the supporting technical architecture. Generative AI, Innovation

Cost-Benefit 91

Cost-Benefit Interactive Reporting Data-driven 91

CIO Business Intelligence

DECEMBER 19, 2023

To protect employee benefits and guard against mismanagement of funds, the US government in 1974 established the Employee Retirement Income Security Act (ERISA). Not every bond has to comply with ERISA, but benefits administrators use ERISA to ensure that bonds meet internal rules,” says Soundarapandian.

Risk 52

Risk Cost-Benefit Unstructured Data Data-driven 52

Cloudera

OCTOBER 18, 2023

And just as financial services experiences its cycles, this time of year I find myself returning to the topic of cost reduction. These cutting-edge technologies provide lower-cost alternatives for discovering efficiencies within financial operations, all while enhancing the quality of services offered.

Cost-Benefit 76

Cost-Benefit Testing Machine Learning Optimization 76

CIO Business Intelligence

NOVEMBER 21, 2023

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 129

IT Risk Cost-Benefit Risk Management 129

IBM Big Data Hub

FEBRUARY 13, 2024

For example, organizations can use generative AI to: Quickly turn mountains of unstructured text into specific and usable document summaries, paving the way for more informed decision-making. Demystifying generative AI At the heart of Generative AI lie massive databases of texts, images, code and other data types.

Enterprise 125

Enterprise Modeling Testing Data-driven 125

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. An enterprise starts by using a framework to formalize its processes and procedures, which gets increasingly difficult as data science programs grow. What Is Model Risk? Types of Model Risk.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

CIO Business Intelligence

DECEMBER 19, 2023

After all, every department is pressured to drive efficiencies and is clamoring for automation, data capabilities, and improvements in employee experiences, some of which could be addressed with generative AI. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 139

Digital Transformation Unstructured Data Machine Learning Risk Management 139

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts are often driven by stakeholder expectations, regulatory requirements and the recognition that sustainable business practices can improve the bottom line. These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance.

Reporting 98

Reporting Cost-Benefit Internet of Things Data-driven 98

erwin

AUGUST 15, 2022

For NoSQL, data lakes, and data lake houses—data modeling of both structured and unstructured data is somewhat novel and thorny. This blog is an introduction to some advanced NoSQL and data lake database design techniques (while avoiding common pitfalls) is noteworthy. A sample data warehousing project.

Data Lake 52

Data Lake Modeling Unstructured Data Data Warehouse 52

Smart Data Collective

JULY 4, 2023

AI models can detect an increase in mentions or events within specific domains and compare them to related data points. What is AI-driven disaster restoration software? Collaboration tools: the ability to share documents, communicate in real-time, and coordinate with teams helps implement solutions effectively.

Technology 74

Technology Software Data-driven Measurement 74

Smart Data Collective

SEPTEMBER 13, 2022

In today’s more competitive, technology-driven corporate environment, all firms seeking to increase activity and productivity are reaping the benefits of the software world. The SaaS business model is gaining acceptance throughout the world. Many firms prefer to embrace SaaS solutions because of the benefits they provide.

Cost-Benefit 104

Cost-Benefit Data Processing Software Data-driven 104

CIO Business Intelligence

FEBRUARY 7, 2024

Carter Busse, CIO of no-code enabled automation platform company Workato, adds that APIs are now important connective tissue to integrate and interact with large language models (LLMs) within business processes. “If Ajay Sabhlok, CIO and CDO at zero trust data security company Rubrik, Inc.,

Business Objectives 121

Business Objectives Cost-Benefit Strategy Data-driven 121

CIO Business Intelligence

APRIL 1, 2024

Those principles are data centric, platform first, cloud based, automation led, and zero trust (so that everything is secure from the start). Having this framework that outlines the principles allows us not to get bogged down in the process but to remain focused on making principle-driven decisions.”

Strategy 139

Strategy IT ROI Digital Transformation 139

AWS Big Data

MARCH 25, 2024

Foundation models (FMs) are large machine learning (ML) models trained on a broad spectrum of unlabeled and generalized datasets. This scale and general-purpose adaptability are what makes FMs different from traditional ML models. FMs are multimodal; they work with different data types such as text, video, audio, and images.

Data Lake 90

Data Lake Unstructured Data Management Modeling 90

CIO Business Intelligence

OCTOBER 6, 2023

Business analysts (BAs) are responsible for bridging the gap between IT and the business using data analytics to assess processes, determine requirements, and deliver data-driven recommendations and reports to executives and stakeholders.

IT 126

IT Business Analysis Key Performance Indicator Cost-Benefit 126

Ontotext

NOVEMBER 2, 2023

Achieving this advantage is dependent on their ability to capture, connect, integrate, and convert data into insight for business decisions and processes. This is the goal of a “data-driven” organization. We call this the “ Bad Data Tax ”. This is partly because integrating and moving data is not the only problem.

IT 69

IT Cost-Benefit Data-driven Technology 69

erwin

AUGUST 20, 2020

It provides a visual blueprint, demonstrating the connection between applications, technologies and data to the business functions they support. Benefits of Enterprise Architecture. Through EA, organizations benefit from a context-rich, top-down and holistic perspective of their structure, including its limitations and potential.

Enterprise 140

Enterprise Cost-Benefit Risk Data Governance 140

erwin

MAY 1, 2023

The World Wide Data Vault Consortium ( WWDVC 2023 ) started today and erwin ® by Quest ® , one of the few active participants working toward a Data Vault 2.0 certification with the DataVaultAlliance , is announcing major advancements in our erwin Data Vault Automation solution.

Cost-Benefit 52

Cost-Benefit Data Governance Metadata Data-driven 52

erwin

AUGUST 13, 2020

Today, enterprises are trying to grow and innovate – while cutting costs and managing compliance – in the midst of a global pandemic. data protection, personal and sensitive data, tax issues and sustainability/carbon emissions)? Data Overload : How do we find and convert the right data to knowledge (e.g.,

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

CIO Business Intelligence

MARCH 9, 2023

IT leaders may find that prices are going up without an accompanying increase in benefits, with technology providers — less dependent on any one industry or geography — taking a harder line on deals, says Achint Arora, a partner in the pricing assurance practice at Everest Group. What’s more, technology contracts are often multilayered.

Cost-Benefit 103

Cost-Benefit Risk Uncertainty Technology 103

Cloudera

JUNE 1, 2021

Cloudera will benefit from the operating capabilities, capital support and expertise of Clayton, Dubilier & Rice (CD&R) and KKR – two of the most experienced and successful global investment firms in the world recognized for supporting the growth strategies of the businesses they back. Our strategy. So what’s our next big idea?

Uncertainty 144

Uncertainty Cost-Benefit Risk Strategy 144

erwin

JANUARY 30, 2020

I’m excited to share the results of our new study with Dataversity that examines how data governance attitudes and practices continue to evolve. Defining Data Governance: What Is Data Governance? . 1 reason to implement data governance. Constructing a Digital Transformation Strategy: How Data Drives Digital.

Data Governance 145

Data Governance Metadata Cost-Benefit Digital Transformation 145

CIO Business Intelligence

MARCH 9, 2022

Despite the worldwide chaos, UAE national airline Etihad has managed to generate productivity gains and cost savings from insights using data science. Etihad began its data science journey with the Cloudera Data Platform and moved its data to the cloud to set up a data lake. A change was needed. Talal Mufti.

Data Science 86

Data Science Data Lake Cost-Benefit Digital Transformation 86

CIO Business Intelligence

AUGUST 22, 2023

But digital transformation remains a vital endeavor for today’s enterprise as it is about evolving the business and operating model and not just about modernizing technologies. The product leader, sometimes called product manager or product owner, ensures that a transformative initiative is strategic and customer-driven.

Digital Transformation 94

Digital Transformation Data-driven Cost-Benefit Strategy 94

CIO Business Intelligence

NOVEMBER 23, 2022

The process is driven by a “comprehensive picture of an entire enterprise from the perspectives of owner, designer, and builder,” according to the EABOK. Unlike other frameworks, EA doesn’t include a formal documentation structure; instead, it’s intended to offer a more holistic view of the enterprise.

Enterprise 121

Enterprise Cost-Benefit Digital Transformation Strategy 121

IBM Big Data Hub

JULY 19, 2023

The industry is under tremendous pressure to accelerate drug development at an optimal cost, automate time- and labor-intensive tasks like document or report creation to preserve employee morale, and accelerate delivery. This digital data is coming at the industry in various formats, like unstructured text, images, PDFs and emails.

Consulting 64

Consulting Machine Learning Manufacturing Optimization 64

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

datapine

JANUARY 6, 2022

1) What Is Data Interpretation? 2) How To Interpret Data? 3) Why Data Interpretation Is Important? 4) Data Analysis & Interpretation Problems. 5) Data Interpretation Techniques & Methods. 6) The Use of Dashboards For Data Interpretation. Business dashboards are the digital age tools for big data.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Ontotext

APRIL 6, 2023

Knowledge graphs are changing the game A knowledge graph is a data model that uses semantics to represent real-world entities and the relationships between them. It can apply automated reasoning to extract further knowledge and make new connections between different pieces of data. standards modeled in a knowledge graph!

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

APRIL 6, 2022

Successful organizations do not merely move traditional data to cloud platforms to have better data access – they shift to the cloud by thinking differently, using the cloud as a tool to achieve business goals by implementing a strong cloud infrastructure. Watch Costs. Complexity Can Crush Clarity.

Cost-Benefit 52

Cost-Benefit Risk Data-driven ROI 52

datapine

JANUARY 24, 2021

In our cutthroat digital age, the importance of setting the right data analysis questions can define the overall success of a business. That being said, it seems like we’re in the midst of a data analysis crisis. Your Chance: Want to perform advanced data analysis with a few clicks? Data Is Only As Good As The Questions You Ask.

IT 317

IT Statistics KPI Data-driven 317

IBM Big Data Hub

JANUARY 15, 2024

Companies are rethinking their business models to become more digital and competitive. A recent study found that McKinsey research shows that organizations that “launched some flavor of digital transformation,” have only experienced a third of the expected revenue benefits on average.

Digital Transformation 77

Digital Transformation Internet of Things IoT Consulting 77

Sisense

MARCH 7, 2021

To get truly powerful insights, you need to pull in data from multiple sources. Additional data sources increase your chances to inform actions, fueling top-line and bottom-line growth. Measuremen: Optimizing facilities use with data from numerous sources. Since those early days, Measuremen has broadened its data sources.

Slice and Dice 98

Slice and Dice Data-driven Cost-Benefit Forecasting 98

erwin

JANUARY 24, 2019

Organizations are responsible for governing more data than ever before, making a strong automation framework a necessity. In most companies, an incredible amount of data flows from multiple sources in a variety of formats and is constantly being moved and federated across a changing system landscape. Governing metadata.

Data Governance 71

Data Governance Metadata Data-driven Cost-Benefit 71