CIO Business Intelligence

SEPTEMBER 25, 2023

To do so, Nardecchia and his team sought to incorporate “digital threads” into the company’s hardware and thereby expand its business model beyond manufacturing into software-as-a-service. “We Finally, the third and most challenging pillar, Nardecchia says, was to develop a new business operating model and subscription-based services.

Modeling 101

Modeling Manufacturing Digital Transformation Cost-Benefit 101

Smart Data Collective

JULY 20, 2022

Data-driven decision-making has become a major element of modern business. A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Furthermore, only 13% of companies are actually delivering on their data strategy.

Data-driven 125

Data-driven Optimization Big Data Data Strategy 125

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Global companies spent over $92.5

Data-driven 104

Data-driven Cost-Benefit Data mining Big Data 104

O'Reilly on Data

APRIL 30, 2024

Others retort that large language models (LLMs) have already reached the peak of their powers. These are risks stemming from misalignment between a company’s economic incentives to profit from its proprietary AI model in a particular way and society’s interests in how the AI model should be monetised and deployed.

Risk 221

Risk Advertising Cost-Benefit Sales 221

Smart Data Collective

JULY 3, 2023

Electric vehicles (EVs) are not only environmentally friendly, but they are also becoming increasingly autonomous, thanks to cutting-edge software and AI algorithms. The Rise of Electric Vehicles The popularity of electric vehicles has soared in recent years, driven by their reduced carbon emissions and cost-effective performance.

Software 74

Software Manufacturing Recreation/Entertainment Data-driven 74

DataKitchen

MAY 10, 2024

The Five Use Cases in Data Observability: Mastering Data Production (#3) Introduction Managing the production phase of data analytics is a daunting challenge. Overseeing multi-tool, multi-dataset, and multi-hop data processes ensures high-quality outputs.

Testing 124

Testing Metrics Data Quality Dashboards 124

CIO Business Intelligence

MARCH 15, 2022

By Andy Nallappan, Chief Technology Officer and Head of Software Business Operations, Broadcom Software. What will all this mean for the software world? Any set of predictions about the coming months is by definition always a fraught exercise, and we know at Broadcom Software to always expect the unexpected.

Software 97

Software Cost-Benefit Digital Transformation Enterprise 97

Smart Data Collective

SEPTEMBER 1, 2021

As we have stated before, big data is becoming vital to modern marketing strategies. However, it is becoming abundantly clear that big data technology is also rapidly transforming many traditional marketing practices as well. Doing Research Before Investing in Data-Driven Digital Signage Solutions.

Data-driven 110

Data-driven Advertising Big Data Cost-Benefit 110

DataKitchen

FEBRUARY 21, 2023

On 24 January 2023, Gartner released the article “ 5 Ways to Enhance Your Data Engineering Practices.” Or, as one of our customers put it, “How do I increase the total amount of team insight generated without continually adding more staff (and cost)?” Staff turnover, stress, and unhappiness. It’s not been going well.

Data-driven 130

Data-driven Testing Risk Cost-Benefit 130

Smart Data Collective

APRIL 15, 2021

Big data and blockchain have played a very important role in the cryptocurrency industry. There are a lot of reasons that cryptocurrency traders are investing more heavily in big data technology. This is a big deal for investors trying to boost their revenue, but it also provides numerous benefits for other businesses.

Data-driven 97

Data-driven Big Data Cost-Benefit Technology 97

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. The complex and ever-evolving nature of logistics makes it an essential use case for big data applications. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

Smart Data Collective

JANUARY 6, 2021

Big data is central to financial management. The market for financial data analytics is expected to reach $10 billion by 2025. One of the biggest uses of big data in finance relates to accounts receivable management. Fortunately, new advances in data technology have made accounts receivable management easier than ever.

Data-driven 95

Data-driven Management Big Data Predictive Analytics 95

Laminar Security

DECEMBER 1, 2023

Cloud data security is one of the most critical, yet most challenging aspects of doing business in the age of cloud. As more organizations migrate their data to the cloud, they face an increasing range of risks and threats, including data breaches, data leakage, data loss, data misuse, data compliance violations, shadow data and more.

Modeling 52

Modeling Cost-Benefit Risk Data-driven 52

erwin

JANUARY 9, 2020

Enterprises are trying to manage data chaos. They also face increasing regulatory pressure because of global data regulations , such as the European Union’s General Data Protection Regulation (GDPR) and the new California Consumer Privacy Act (CCPA), that went into effect last week on Jan. GDPR: Key Differences.

Data Governance 144

Data Governance Modeling Metadata Unstructured Data 144

CIO Business Intelligence

APRIL 29, 2024

By leveraging data-driven methods, businesses can optimize and reclaim operating capital from their extensive technology budgets, reducing expenses without resorting to drastic measures. However, it’s important to remember that headcount and budget cuts are not the only strategies to streamline costs.

Technology 64

Technology Cost-Benefit Data-driven Finance 64

AWS Big Data

MAY 4, 2023

Encored Technologies (Encored) is an energy IT company in Korea that helps their customers generate higher revenue and reduce operational costs in renewable energy industries by providing various AI-based solutions. It allows for efficient data storage and transmission, as well as easy manipulation of the data using specialized software.

Data-driven 52

Data-driven Technology Cost-Benefit Machine Learning 52

Smart Data Collective

MAY 17, 2023

The rapid proliferation of ChatGPT has gained a lot of attention over the last few months, but it is not the only form of AI software impacting business. Businesses are also using AI-driven ERP software. This software is a gamechanger for large businesses trying to bolster efficiency.

Enterprise 95

Enterprise Cost-Benefit Software Data-driven 95

CIO Business Intelligence

MAY 16, 2024

Digital transformation is a gradual journey, and for many CIOs, becoming more data-driven hinges on how sustainability practices are systematically adopted. Business plans are focused on digital and sustainable transformation to bring us closer to the goal of a data-driven company,” says its CIO, Stefano Biondini.

Digital Transformation 90

Digital Transformation Data-driven Cost-Benefit Management 90

DataKitchen

AUGUST 3, 2021

The data mesh design pattern breaks giant, monolithic enterprise data architectures into subsystems or domains, each managed by a dedicated team. DataOps helps the data mesh deliver greater business agility by enabling decentralized domains to work in concert. . But first, let’s define the data mesh design pattern.

Data Architecture 246

Data Architecture Data Lake Cost-Benefit Data Warehouse 246

CIO Business Intelligence

FEBRUARY 27, 2024

However, in an increasingly software-centric environment, both new and legacy assets must deliver value throughout their lifecycle. The dangers of sweating assets If you have an older phone, the manufacturer eventually stops updating the software. But your infrastructure, software and software versions must always remain current.

Technology 100

Technology Management Manufacturing Cost-Benefit 100

BizAcuity

MAY 24, 2022

Benefits of Cloud Adoption. Quick recap from the previous blog- The cloud is better than on-premises solutions for the following reasons: Cost cutting: Renting and sharing resources instead of building on your own. IaaS provides a platform for compute, data storage and networking capabilities. All kinds of softwares.

Data-driven 52

Data-driven Cost-Benefit Digital Transformation Strategy 52

Smart Data Collective

JULY 9, 2021

Fortunately, new advances in big data technology are helping companies get better qualified workers. Data analytics technology is very important in assessing the performance of staffing services. Companies can use data analytics to improve their hiring processes. What Are the Benefits of Data Analytics in Staffing?

Data Analytics 128

Data Analytics Management Analytics Big Data 128

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

AWS Big Data

MARCH 30, 2023

An event-driven architecture is a software design pattern in which decoupled applications can asynchronously publish and subscribe to events via an event broker. For big data processing, which requires distributed computing, you can use Spark on Amazon EKS.

Data-driven 70

Data-driven Metadata Testing Management 70

IBM Big Data Hub

OCTOBER 25, 2023

Here’s how CTOs and CIOs can evaluate their technology and data estates, assess the opportunity and chart a path forward. First, technology leaders need to estimate the full financial impact of modernization (versus the cost of not modernizing) across the organization.

Cost-Benefit 89

Cost-Benefit ROI Modeling Testing 89

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 abbreviation for software as a service is “SaaS.” The SaaS business model is gaining acceptance throughout the world.

Cost-Benefit 104

Cost-Benefit Data Processing Software Data-driven 104

CIO Business Intelligence

JUNE 21, 2023

Generative AI is already starting to power the day-to-day tools we use, inspire a new wave of intelligent applications, and even reimagine the world of enterprise software and the world of IT. Speak their language: Frame your arguments in terms of business outcomes and financial benefits. Where will your business be in 10 years?

Modeling 105

Modeling Cost-Benefit ROI Digital Transformation 105

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 109

Strategy Management Key Performance Indicator ROI 109

datapine

AUGUST 7, 2019

Software as a service (SaaS) has blossomed in the last five years, and the public SaaS market is expected to grow to $76 billion by the year 2020, according to FinancesOnline. If you’re part of a growing SaaS company and are looking to accelerate your success, leveraging the power of data is the way to gain a real competitive edge.

Dashboards 168

Dashboards Management KPI Cost-Benefit 168

IBM Big Data Hub

FEBRUARY 2, 2022

In the latest IDC market share report, IBM was ranked #1 in AI Life-Cycle Software , with the largest 2020 market share at 13.7% y/y based on the most recent data available. [1] Other benefits mention cost reductions, operational efficiencies and a 6.3% and +46.6% AI-enabled digital transformation is driving growth.

Software 52

Software Marketing Reporting Digital Transformation 52

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 127

IT Business Analysis Key Performance Indicator Cost-Benefit 127

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 81

Management Cost-Benefit Software Data-driven 81

Smart Data Collective

MARCH 14, 2022

Data analytics technology is becoming a more important aspect of business models in all industries. Data Analytics is an Invaluable Part of SaaS Revenue Optimization. Customer retention and loyalty are particularly crucial for Software-as-a-Sales companies who rely on repeat subscriptions of products. What Are SaaS sales?

Modeling 100

Modeling Analytics Sales Key Performance Indicator 100

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. What should be in that report about your data team?

Metrics 130

Metrics Data Analytics Analytics Measurement 130

CIO Business Intelligence

FEBRUARY 7, 2024

Most companies have transitioned to become more software-centric, and with this transformation, application programming interfaces (APIs) have proliferated. API-first strategies on the rise APIs are ubiquitous within modern software architectures, working behind the scenes to facilitate myriad connected capabilities. “As

Business Objectives 122

Business Objectives Cost-Benefit Strategy Data-driven 122

CIO Business Intelligence

JANUARY 25, 2023

Cloud services, software-as-a-service (SaaS) applications, and on-premises infrastructures connected by wired and wireless networks now represent the backbone of modern enterprises. To fully harness the benefits of modern network architectures, network operations teams need a deep understanding of how these systems perform.

IT 82

IT Cost-Benefit ROI Software 82

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