Smart Data Collective

MARCH 28, 2021

One of these challenges would be not being able to adjust to market changes dictated by demand as quickly as their competitors. Although there are many benefits of moving to the cloud , this decision is not without its risks. On-premise data centers are highly susceptible to cyberattacks as well. Reduced Costs and Downtime.

Cost-Benefit 137

Cost-Benefit IoT Internet of Things Data-driven 137

CIO Business Intelligence

OCTOBER 16, 2023

Furthermore, manufacturers are cognisant of the fact that data is the lubricant of smart manufacturing. The result is an exponential growth in data generation. Every device, every sensor and every operation is now a data source. Every device, every sensor and every operation is now a data source.

Manufacturing 131

Manufacturing Strategy Cost-Benefit IoT 131

CIO Business Intelligence

JANUARY 23, 2024

Keep the number of metrics small and manageable, ideally three or four, and at most seven key ones because people cannot focus on multiple pages of data.” Efficiency metrics might show the impacts of automation and data-driven decision-making. He suggests, “Choose what you measure carefully to achieve the desired results.

Measurement 129

Measurement Digital Transformation KPI Metrics 129

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 129

Cost-Benefit Internet of Things Insurance Data-driven 129

IBM Big Data Hub

FEBRUARY 19, 2024

On top of disruption, companies with global supply chains must also deal with different regulatory environments, cultural norms and market conditions. Big data and predictive analytics are increasingly being used to improve forecasting accuracy, allowing businesses to respond more effectively to changes in customer needs.

Strategy 83

Strategy Management Forecasting Cost-Benefit 83

AWS Big Data

MAY 16, 2024

In this post, we discuss how Amazon Redshift spatial index functions such as Hexagonal hierarchical geospatial indexing system (or H3) can be used to represent spatial data using H3 indexing for fast spatial lookups at scale. Navigating the vast landscape of data-driven insights has always been an exciting endeavor.

Data Warehouse 109

Data Warehouse Visualization Cost-Benefit Optimization 109

CIO Business Intelligence

APRIL 6, 2022

The first wave of edge computing: Internet of Things (IoT). For most industries, the idea of the edge has been tightly associated with the first wave of the Internet of Things (IoT). These data flows then had to be correlated into what is commonly referred to as sensor-fusion. This led to slowing adoption rates of IoT.

IoT 93

IoT Internet of Things Data-driven Manufacturing 93

BizAcuity

MARCH 1, 2019

IoT is basically an exchange of data or information in a connected or interconnected environment. As IoT devices generate large volumes of data, AI is functionally necessary to make sense of this data. As IoT devices generate large volumes of data, AI is functionally necessary to make sense of this data.

IoT 56

IoT Internet of Things Big Data Data-driven 56

IBM Big Data Hub

DECEMBER 21, 2023

Reshoring manufacturing to the US ­ has been a significant trend in recent years, driven by geopolitical tensions, supply chain disruptions, proximity to customers and markets, eco-system synergies and the need for positive impact on the domestic economy. Digital labor can make processes more adaptable.

Manufacturing 81

Manufacturing Cost-Benefit Machine Learning Optimization 81

Smart Data Collective

SEPTEMBER 11, 2020

An article in CISCOMAG talks about the benefits of using AI in improving network security. Networking technologies have been in existence for many decades with a singular purpose – the improvement of data transmission and circulation through the use of information systems. AI is leading to massive changes in the IoT market.

Technology 97

Technology IoT Internet of Things Cost-Benefit 97

IBM Big Data Hub

MARCH 28, 2024

As cloud computing continues to transform the enterprise workplace, private cloud infrastructure is evolving in lockstep, helping organizations in industries like healthcare, government and finance customize control over their data to meet compliance, privacy, security and other business needs. billion by 2033, up from USD 92.64

Enterprise 100

Enterprise Cost-Benefit Data Processing Software 100

Smart Data Collective

SEPTEMBER 22, 2021

Data-driven businesses must utilize a number of different services and tools to operate successfully. We have frequently talked about the benefits of using big data to make the most of your online marketing efforts. Although this technology seems archaic in the digital era, big data can help you get the most of it.

Management 98

Management Cost-Benefit Big Data Data-driven 98

Cloudera

JANUARY 30, 2024

With the ability of manufacturers to store a huge volume of historical data, AI can be applied in general business areas of any industry, like developing recommendations for marketing, supply chain optimization, and new product development. Manufacturers who want to get ahead must understand data’s role and value.

Manufacturing 79

Manufacturing Contextual Data IoT Digital Transformation 79

IBM Big Data Hub

JANUARY 15, 2024

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. But organizations still need humans to decide what actions to take based on what the ML-analyzed data shows.

Digital Transformation 71

Digital Transformation Internet of Things IoT Consulting 71

IBM Big Data Hub

DECEMBER 1, 2023

To keep pace with the dynamic environment of digitally-driven business, organizations continue to embrace hybrid cloud, which combines and unifies public cloud, private cloud and on-premises infrastructure, while providing orchestration, management and application portability across all three.

Data Processing 82

Data Processing Cost-Benefit Digital Transformation Testing 82

Cloudera

SEPTEMBER 24, 2021

One of the most substantial big data workloads over the past fifteen years has been in the domain of telecom network analytics. The Dawn of Telco Big Data: 2007-2012. Suddenly, it was possible to build a data model of the network and create both a historical and predictive view of its behaviour. Where does it stand today?

Analytics 94

Analytics IoT Cost-Benefit Big Data 94

datapine

NOVEMBER 27, 2019

Data exploded and became big. Spreadsheets finally took a backseat to actionable and insightful data visualizations and interactive business dashboards. The rise of self-service analytics democratized the data product chain. 1) Data Quality Management (DQM). We all gained access to the cloud.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

IBM Big Data Hub

JUNE 14, 2023

Evolving technologies and an increasingly globalized and digitalized marketplace have driven manufacturers to adopt smart manufacturing technologies to maintain competitiveness and profitability. These features use data from multiple machines simultaneously, automate processes and provide manufacturers more sophisticated analyses.

Manufacturing 72

Manufacturing Technology Internet of Things Cost-Benefit 72

CIO Business Intelligence

OCTOBER 6, 2022

At the same time, the sheer volume and velocity of data demand high-performance computing (HPC) to provide the power needed to effectively train AIs, do AI inferencing, and run analytics. billion market in 2024. We’re seeing HPC-enabled AI on the rise because it extracts and refines data quicker and more accurately.

Internet of Things 91

Internet of Things Manufacturing Digital Transformation Cost-Benefit 91

Jen Stirrup

AUGUST 18, 2023

AI can optimize drilling and production processes by analyzing enormous amounts of data at speed, such as seismic data, well logs, and reservoir simulation data. From a cost perspective, AI keeps reducing downtime. AI-powered analytics can help predict energy demand, supply, and market trends.

Optimization 96

Optimization Cost-Benefit IoT Data-driven 96

Smart Data Collective

MAY 17, 2021

Big data is at the heart of the digital revolution. Basing fleet management operations on data is not new, and in some ways, it’s always been a part of the industry. Basing fleet management operations on data is not new, and in some ways, it’s always been a part of the industry. Organizations have already realized this.

Big Data 100

Big Data Cost-Benefit IoT Machine Learning 100

CIO Business Intelligence

JUNE 2, 2022

Among the hot technologies, artificial intelligence and machine learning — a subset of AI that that makes more accurate forecasts and analysis as it ingests data — continue to be of high interest as banks keep a strong focus on costs while trying to boost customer experience and revenue. AI enhances operational efficiency.

Predictive Analytics 142

Predictive Analytics Technology Analytics Machine Learning 142

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. And they could drive economic gains: Research shows markets for carbon-neutral goods and services may be worth $10.3 trillion in economic benefits by 2030.

Reporting 91

Reporting Internet of Things Cost-Benefit Data-driven 91

CIO Business Intelligence

JANUARY 24, 2024

Organizations can’t afford to mess up their data strategies, because too much is at stake in the digital economy. How enterprises gather, store, cleanse, access, and secure their data can be a major factor in their ability to meet corporate goals. Here are some data strategy mistakes IT leaders would be wise to avoid.

Data Strategy 134

Data Strategy Strategy Unstructured Data Data Governance 134

CIO Business Intelligence

JANUARY 12, 2023

Answering these concerns, smart factories are moving to another edge: edge computing, where operational data from Internet of Things (IoT) sensors can be collected and processed for insights in near-real-time. With edge computing, those functions are performed much closer to where the data is created, such as on the factory floor.

Manufacturing 73

Manufacturing Technology IoT Internet of Things 73

CIO Business Intelligence

OCTOBER 1, 2022

The partners say they will create the future of digital manufacturing by leveraging the industrial internet of things (IIoT), digital twin , data, and AI to bring products to consumers faster and increase customer satisfaction, all while improving productivity and reducing costs. Data and AI as digital fundamentals.

Manufacturing 144

Manufacturing Digital Transformation IoT Internet of Things 144

Cloudera

AUGUST 27, 2021

With submissions for the Data Impact Awards coming in, we’re revisiting last year’s winners to find out what set them apart. . The organization was locked into a legacy data warehouse with high operational costs and inability to perform exploratory analytics. A telco undergoing digital transformation.

B2B 85

B2B Digital Transformation Cost-Benefit Big Data 85

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends. billion by 2030.

Enterprise 97

Enterprise Interactive Data-driven Key Performance Indicator 97

IBM Big Data Hub

FEBRUARY 9, 2024

But the most impactful developments may be those focused on governance, middleware, training techniques and data pipelines that make generative AI more trustworthy , sustainable and accessible, for enterprises and end users alike. The most immediate benefit of multimodal AI is more intuitive, versatile AI applications and virtual assistants.

Cost-Benefit 97

Cost-Benefit Modeling Data-driven Enterprise 97

CIO Business Intelligence

NOVEMBER 23, 2022

This has become a priority for businesses that are trying to keep up with new technologies such as the cloud, IoT, machine learning, and other emerging trends that will prompt digital transformation. Bizzdesigns asked respondents what IT benefits their EA program currently delivers and the top response was improved IT investment decisions.

Enterprise 121

Enterprise Cost-Benefit Digital Transformation Strategy 121

Cloudera

DECEMBER 20, 2022

Efficient use of data will therefore be critical to improving the competitiveness and productivity of assets, both traditional and renewable generation. Data efficiency in renewables. Effective use of data can have a direct impact on the cash flow of wind and solar generation companies in areas such as real-time decision making.

Optimization 81

Optimization Data Analytics Analytics Cost-Benefit 81

IBM Big Data Hub

JULY 27, 2023

The oil and gas industry remains an integral part of the energy landscape, but it faces a number of modern challenges, including volatile market conditions, expanding environmental regulations and the growing need for operational efficiency. As of 2022, the EAM market was valued at nearly $6 billion , with a compound annual growth rate of 16.9%

Cost-Benefit 56

Cost-Benefit IoT Internet of Things Enterprise 56

IBM Big Data Hub

JULY 5, 2023

Asset lifecycle management (ALM) is a data-driven approach that many companies use to care for their assets, maximize their efficiency and increase their profitability. Planning In the first stage of the asset lifecycle, stakeholders assess the need for a new asset, its projected value to the organization and its overall cost.

Strategy 53

Strategy Management IoT Cost-Benefit 53

CIO Business Intelligence

AUGUST 15, 2023

Whether a project aims to improve suicide prevention using data science or to create new revenue streams by reimagining an organization’s core business, CIO 100 Award winners demonstrate the innovative spirit of today’s IT in the face of rapidly evolving organizational challenges.

IT 93

IT Manufacturing IoT Cost-Benefit 93

BI-Survey

AUGUST 18, 2020

T he ultimate goal of data-driven decision support is to gain tangible benefits from analytics. The value of information and how it is used to save costs (e.g., The post The current state of data storytelling and its analytical requirements appeared first on BI Survey. optimization) or increase revenues (e.g.,

Analytics 52

Analytics IT Cost-Benefit IoT 52

IBM Big Data Hub

NOVEMBER 30, 2023

Driven by accelerated hybrid cloud adoption and digital transformation efforts, the region is currently a beacon of innovation and a battleground for cyberthreats. Mirroring the growth of cyberattacks, MSSPs have also seen rapid growth—the APAC MSSP market is expected to touch USD 14.7 billion at an impressive CAGR of 19.3%.

Cost-Benefit 67

Cost-Benefit Digital Transformation Data-driven Strategy 67

FineReport

MARCH 31, 2024

In 2024, business intelligence (BI) software has undergone significant advancements, revolutionizing data management and decision-making processes. Harnessing the power of advanced APIs, automation, and AI, these tools simplify data compilation, organization, and visualization, empowering users to extract actionable insights effortlessly.

Dashboards 52

Dashboards Visualization Data mining Data-driven 52