CIO Business Intelligence

FEBRUARY 27, 2024

You can still use your older phone for calls but suddenly, you can’t load new apps and it becomes easier for data to leak. Your risk of data breach increases as soon as your assets are no longer protected from cyberthreats. This creates risk for the company, shareholders, customers and their brand.

Technology 105

Technology Management Manufacturing Cost-Benefit 105

Alation

NOVEMBER 17, 2022

But what does it mean for an organisation to be truly data-driven? What foundation needs to be in place at the start, and what journey does an organisation need to embrace to benefit from the forensic insights their data can reveal? But let’s start with the benefits, because they are manifold.

Data-driven 52

Data-driven Cost-Benefit Business Objectives Technology 52

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. That gap is becoming increasingly apparent because of artificial intelligence’s (AI) dependence on effective data management. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

Strategy 116

Strategy Management Key Performance Indicator ROI 116

Anmut

MARCH 22, 2023

Data maturity models are a crucial step for any organisation looking to improve their data, informing if your current data practices are helping, or holding back, your business. ? Organisations that reach the highest stage of data maturity achieve a market value increase of up to 500%, compared to lower maturity organisations.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

datapine

MARCH 8, 2021

Rapid technological evolution means it’s now possible to use accessible and intuitive data-driven tools to our advantage. We’ve delved into the impact of big data in healthcare. Explore our 14-day free trial & benefit from great healthcare reports! Your Chance: Want to test a healthcare reporting software for free?

Reporting 198

Reporting KPI Management Cost-Benefit 198

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

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? So it’s Monday, and you lead a data analytics team of perhaps 30 people. And she is numbers driven – great! Like most leaders of data analytic teams, you have been doing very little to quantify your team’s success. Introduction. You’ve got a new boss.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

Rocket-Powered Data Science

FEBRUARY 15, 2023

Third, any commitment to a disruptive technology (including data-intensive and AI implementations) must start with a business strategy. 3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? So what? (2)

Strategy 289

Strategy Experimentation Uncertainty Machine Learning 289

CIO Business Intelligence

DECEMBER 21, 2023

Quality and volume of data, scalability of solution, and ability to process inference effectively are key aspects to enable efficient AI solutions. The quality and volume of data that an AI system has access to greatly enhances its ability to detect and respond to potential threats while reducing false positives and false negatives.

Data-driven 105

Data-driven Risk Enterprise Cost-Benefit 105

CIO Business Intelligence

DECEMBER 13, 2022

Recently, chief information officers, chief data officers, and other leaders got together to discuss how data analytics programs can help organizations achieve transformation, as well as how to measure that value contribution. business, IT, data management, security, risk and compliance etc.)

Data Analytics 105

Data Analytics Strategy Analytics Metrics 105

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 100

Reporting Cost-Benefit Internet of Things Data-driven 100

CIO Business Intelligence

DECEMBER 12, 2023

In most IT landscapes today, diverse storage and technology infrastructures hinder the efficient conversion and use of data and applications across varied standards and locations. As a result, islands of applications and data are formed. Data has gravity and it tends to stay where it lands.

Management 98

Management Cost-Benefit Software Data-driven 98

datapine

AUGUST 19, 2020

In our cutthroat digital economy, massive amounts of data are gathered, stored, analyzed, and optimized to deliver the best possible experience to customers and partners. Collecting big amounts of data is not the only thing to do; knowing how to process, analyze, and visualize the insights you gain from it is key.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

Smart Data Collective

SEPTEMBER 28, 2021

Moreover, with the help of an AI development company , businesses can avoid unforeseen downtime, increase operational productivity, develop new services and products, and boost risk control. Benefits of AI and IoT in Businesses. The advantages of IoT and AI could be combined to reap the full benefits of both.

IoT 132

IoT Internet of Things Cost-Benefit Consulting 132

erwin

MARCH 25, 2021

erwin recently hosted the second in its six-part webinar series on the practice of data governance and how to proactively deal with its complexities. Led by Frank Pörschmann of iDIGMA GmbH, an IT industry veteran and data governance strategist, the second webinar focused on “ The Value of Data Governance & How to Quantify It.”.

Data Governance 109

Data Governance IT Cost-Benefit Risk 109

Cloudera

NOVEMBER 16, 2022

Overall, it struck me that while data science is not new, most firms are still defining the mission of the data office and data officer. It’s clear firms seek to leverage data and embrace its potential insights, but most are forging ahead in largely uncharted territory.

Insurance 78

Insurance Cost-Benefit Metrics Measurement 78

datapine

JUNE 15, 2023

In the past, these reports were used after a month or even a year since the data being displayed was generated. Keep reading to find a definition, benefits, examples, and some key best practices to generate them successfully! Let’s dive deeper into the benefits below. What Is A Performance Report?

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Obtaining more insight into hidden costs (e.g., Obtaining more insight into hidden costs (e.g.,

Cost-Benefit 105

Cost-Benefit Business Objectives ROI Risk 105

FineReport

APRIL 9, 2024

Evolving BI Tools in 2024 Significance of Business Intelligence In 2024, the role of business intelligence software tools is more crucial than ever, with businesses increasingly relying on data analysis for informed decision-making.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

FineReport

APRIL 9, 2024

Understanding Healthcare BI Tools The Role of Healthcare BI Tools Healthcare BI tools are instrumental in revolutionizing decision-making processes and patient care through the utilization of advanced data analysis and technology.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

CIO Business Intelligence

MAY 9, 2024

Helping lead the continual evolution of the nation’s largest all-digital bank are two award-winning technology executives: Sathish Muthukrishnan, Ally’s chief information, data, and digital officer, and Donna Hart, the company’s CISO. Hart: Human error and phishing are still the major cyber risks to a corporation.

Cost-Benefit 104

Cost-Benefit Technology Risk Risk Management 104

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

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% But despite those expenditures, there have already been at least 13 major data breaches, including at Apple, Meta and Twitter. Christensen further suggests explaining how security can cut costs or increase productivity.

IT 111

IT Cost-Benefit Risk Consulting 111

Smart Data Collective

AUGUST 9, 2022

The risk of data breaches is rising sharply. Big data technology is becoming more important in the field of cybersecurity. Cybersecurity experts are using data analytics and AI to identify warning signs that a firewall has been penetrated, conduct risk scoring analyses and perform automated cybersecurity measures.

Big Data 110

Big Data Technology Testing Cost-Benefit 110

datapine

OCTOBER 7, 2020

Using data in today’s businesses is crucial to evaluate success and gather insights needed for a sustainable company. Identifying what is working and what is not is one of the invaluable management practices that can decrease costs, determine the progress a business is making, and compare it to organizational goals.

KPI 269

KPI Metrics Sales Visualization 269

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. Benefits: Improved efficiency Reduced cost Enhanced transparency Customer relationship management (CRM) BPR is a pivotal strategy for organizations that want to overhaul their customer relationship management (CRM) processes.

Cost-Benefit 62

Cost-Benefit Finance Optimization Key Performance Indicator 62

Ontotext

JULY 6, 2023

In today’s fast changing environment, enterprises that have transitioned from being focused on applications to becoming data-driven gain a significant competitive edge. There are four groups of data that are naturally siloed: Structured data (e.g., Transaction and pricing data (e.g.,

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

Smart Data Collective

APRIL 5, 2021

With individuals and their devices constantly connected to the internet, user data flow is changing how companies interact with their customers. Big data has become the lifeblood of small and large businesses alike, and it is influencing every aspect of digital innovation, including web development. What is Big Data?

Big Data 107

Big Data IT Data-driven Sales 107

AWS Big Data

MARCH 12, 2024

At GoDaddy, we take pride in being a data-driven company. Our relentless pursuit of valuable insights from data fuels our business decisions and ensures customer satisfaction. Background In late 2020, GoDaddy’s data platform initiated its AWS Cloud journey, migrating an 800-node Hadoop cluster with 2.5

Cost-Benefit 88

Cost-Benefit Optimization Big Data Metrics 88

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

CIO Business Intelligence

MARCH 14, 2022

In How to Measure Anything , Douglas Hubbard offers an alternative definition of “measurement” to the Oxford English Dictionary’s “the size, length, or amount of something.” Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. What offer should we surface?

Uncertainty 105

Uncertainty Measurement Cost-Benefit Optimization 105

IBM Big Data Hub

APRIL 10, 2023

A well-designed data architecture should support business intelligence and analysis, automation, and AI—all of which can help organizations to quickly seize market opportunities, build customer value, drive major efficiencies, and respond to risks such as supply chain disruptions.

Strategy 95

Strategy Data Architecture Cost-Benefit Reporting 95

DataKitchen

SEPTEMBER 20, 2021

Data organizations don’t always have the budget or schedule required for DataOps when conceived as a top-to-bottom, enterprise-wide transformational change. DataOps can and should be implemented in small steps that complement and build upon existing workflows and data pipelines. Figure 1: The four phases of Lean DataOps. production).

Testing 246

Testing Metrics Measurement Dashboards 246

Smart Data Collective

JANUARY 12, 2022

Data analytics has arguably become the biggest gamechanger in the field of finance. Many large financial institutions are starting to appreciate the many advantages that big data technology has brought. Data analytics can even help them prepare for financial disasters. Fraud risks. billion in the next two years.

Data Analytics 115

Data Analytics Analytics Finance Data mining 115

Cloudera

JUNE 22, 2023

These dis-integrated resources are “data platforms” in name only: in addition to their high maintenance costs, their lack of interoperability with other critical systems makes it difficult to respond to business change. The top-line benefits of a hybrid data platform include: Cost efficiency. Simplified compliance.

Cost-Benefit 66

Cost-Benefit Digital Transformation Data Governance Unstructured Data 66

Corinium

JUNE 6, 2019

Are you seeing currently any specific issues in the Insurance industry that should concern Chief Data & Analytics Officers? Lack of clear, unified, and scaled data engineering expertise to enable the power of AI at enterprise scale. Regulations and compliance requirements, especially around pricing, risk selection, etc.,

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

O'Reilly on Data

OCTOBER 22, 2020

Understanding the company’s true purpose unlocks the business model and sheds light on what is useful to do with the data. Since I work in the AI space, people sometimes have a preconceived notion that I’ll only talk about data and models. How did you obtain your training data? Source: Shane.

Consulting 296

Consulting Risk Cost-Benefit Modeling 296