IBM Big Data Hub

FEBRUARY 7, 2024

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. As more companies set broad environmental, social and governance (ESG) goals, finding a way to track and accurately document progress is increasingly important.

Reporting 89

Reporting Internet of Things Cost-Benefit Data-driven 89

IBM Big Data Hub

JANUARY 19, 2024

Together, these documents help ensure businesses are prepared to face a variety of threats including power outages, ransomware and malware attacks, natural disasters and many more. Disaster recovery plans (DRPs) are detailed documents describing how companies will respond to different types of disasters.

Strategy 90

Strategy Cost-Benefit Testing Risk 90

IBM Big Data Hub

JANUARY 11, 2024

Disaster recovery plan (DRP): A disaster recovery plan (DRP) is a document that clearly outlines how an enterprise will recover from an unexpected event. The benefits of business disaster recovery Disasters can cause all kinds of problems for businesses. million—a 15% increase over the last 3 years.

Cost-Benefit 93

Cost-Benefit Risk Enterprise Software 93

IBM Big Data Hub

FEBRUARY 6, 2024

For example, a recent Kyndril study (link resides outside ibm.com) concluded that infrastructure failure can cost enterprises as much as USD 100,000 per hour, with application failure ranging from USD 500,000 to USD 1 million per hour. million—a 15% increase over the last 3 years. But what about cyberattacks?

Cost-Benefit 88

Cost-Benefit Testing Risk Strategy 88

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 65

Cost-Benefit Digital Transformation Data Governance Unstructured Data 65

datapine

SEPTEMBER 29, 2022

Paired to this, it can also: Improved decision-making process: From customer relationship management, to supply chain management , to enterprise resource planning, the benefits of effective DQM can have a ripple impact on an organization’s performance. These processes could include reports, campaigns, or financial documentation.

Data Quality 241

Data Quality Metrics Data-driven Management 241

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 116

Cost-Benefit Risk Uncertainty Technology 116

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. the average cost of a data breach was at its highest, reaching $9.48M. In the U.S.,

Cost-Benefit 75

Cost-Benefit Testing Strategy Risk Management 75

erwin

APRIL 2, 2021

With more companies increasingly migrating their data to the cloud to ensure availability and scalability, the risks associated with data management and protection also are growing. Lack of a solid data governance foundation increases the risk of data-security incidents. Is it sensitive data or are there any risks associated with it?

Data Governance 106

Data Governance Cost-Benefit Risk Metadata 106

DataRobot

NOVEMBER 16, 2021

As we’ve discussed in this blog series, some are already reaping the rewards of AI through increased productivity, cost savings, etc. Most of these leading organizations have significant AI investments, but their path to tangible benefits is challenging, to say the least. Issues with Deployment.

Cost-Benefit 98

Cost-Benefit Machine Learning Modeling Risk 98

Smart Data Collective

NOVEMBER 24, 2020

Document Sharing & Collaboration Tools. When you need to quickly collaborate with your team, document sharing systems are a must. Using advanced file sharing and collaboration tools, you can ensure that everybody can work together on the same version of documents in real time. eCommerce Business Intelligence Software.

Business Intelligence 116

Business Intelligence Big Data Forecasting Cost-Benefit 116

DataKitchen

FEBRUARY 21, 2023

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. Release New Data Engineering Work Often With Low Risk: “Testing and release processes are heavily manual tasks… automate these processes.”

Data-driven 130

Data-driven Testing Risk Cost-Benefit 130

CIO Business Intelligence

MARCH 13, 2024

So when on-boarding potential vendors, productivity has increased by 70 to 80% as a result of using gen AI to help analyze masses of documents. “We But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. We did side-by-side testing,” he says. And the impacts are already being felt in some industries.

IT 128

IT Consulting Testing Cost-Benefit 128

IBM Big Data Hub

MAY 26, 2023

Leading life sciences companies are discovering the power of cloud in enabling analytics and artificial intelligence (AI) , shrinking innovation cycles, and standardizing processes across global operations, among other benefits. Of these breaches, 45% were cloud-based, costing USD 10.10M on an average, per breach.

Consulting 74

Consulting Cost-Benefit Optimization Machine Learning 74

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 89

Cost-Benefit Modeling Manufacturing Interactive 89

Alation

DECEMBER 9, 2021

What Are the Benefits of Cloud Transformation? Although cloud transformation is often initially viewed as a cost-saving solution, it can also provide many other benefits to businesses as well: 1. Enhanced Cost Management. Choose the Right Cloud Hosting Platform. Streamlined Operational Efficiency.

Cost-Benefit 52

Cost-Benefit Data Governance Optimization Data Processing 52

Ontotext

NOVEMBER 2, 2023

It can be accomplished at a fraction of the cost of what organizations spend each year supporting the vast industry of data integration workarounds. While this may yield great benefits for the specific use case, it doesn’t fix the causes behind the “ Bad Data Tax ” that organizations are facing.

IT 69

IT Cost-Benefit Data-driven Technology 69

Cloudera

SEPTEMBER 20, 2022

My hope is that this document spurs a conversation among a diverse group, and that the results of that conversation may be incorporated into a document yet to be authored. Scope, motivation, and benefits. The benefit of this task is to lower the labor and skill burden in generating images of a desired quality.

Deep Learning 88

Deep Learning Cost-Benefit Risk Data-driven 88

FineReport

APRIL 26, 2023

Cost Savings : Big data tools such as FineReport , Hadoop, Spark, and Apache can assist businesses in saving costs by storing and handling huge amounts of data more efficiently. One of the key benefits of FineReport is its ease of use. Another key benefit of FineReport is its flexibility.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Laminar Security

DECEMBER 11, 2023

Another report by the Ponemon Institute found that the average cost of an insider threat incident had increased from $15.4 DDR detects anomalous or suspicious data behavior that may indicate insider threats or other data security risks. What are the risks and challenges that you face in protecting the data? million in 2023.

Behavioral Analytics 55

Behavioral Analytics Machine Learning Risk Cost-Benefit 55

CIO Business Intelligence

JULY 14, 2023

Fine-tuning applies to both hosted cloud LLMs and open source LLM models you run yourself, so this level of ‘shaping’ doesn’t commit you to one approach. That creates a vector index for the data source—whether that’s documents in an on-premises file share or a SQL cloud database—and an API endpoint to consume in your application.

Modeling 98

Modeling Machine Learning Cost-Benefit B2B 98

CIO Business Intelligence

JANUARY 3, 2024

The goal, he says, is to understand how AI will benefit Rich’s business overall. “We The risk of going out of business is just one of many disaster scenarios that early adopters have to grapple with. And it’s not just start-ups that can expose an enterprise to AI-related third-party risk. He’s not the only one.

Risk 131

Risk Modeling Enterprise Marketing 131

Domino Data Lab

OCTOBER 1, 2020

This process of creating duplicate versions of the data not only takes a lot of time (typically months) and increases storage costs (which quickly add up when talking about petabytes of data), but also becomes a management nightmare. PII, PHI, etc). So what does this look like?

Enterprise 105

Enterprise Metadata Cost-Benefit Data Processing 105

IBM Big Data Hub

FEBRUARY 23, 2024

Organizations must document the legal basis for every processing operation before beginning. Create a recordkeeping system Organizations with more than 250 employees, and companies of any size that regularly process data or handle high-risk data, must keep written electronic records of their processing activities.

Measurement 75

Measurement Risk Data Collection Data Processing 75

Smart Data Collective

SEPTEMBER 26, 2019

Each one of us contributes towards the generation of data in the form of images, videos, text messages, documents, emails and so much. For instance, technologies like cloud-based analytics and Hadoop helps in storing large data amounts which would otherwise cost a fortune. Role of Software Development in Big Data. Agile Development.

Big Data 80

Big Data Software Unstructured Data Data Integration 80

datapine

FEBRUARY 17, 2023

Poor-quality data or the mishandling of data can leave businesses at risk of monumental failure. In fact, poor data quality management currently costs businesses a combined total of $9.7 We will discuss the link between these two concepts later in the post, but first, let’s look at some benefits of using white label BI.

Analytics 191

Analytics Cost-Benefit Dashboards Business Intelligence 191

datapine

APRIL 15, 2020

No matter if you need to develop a comprehensive online data analysis process or reduce costs of operations, agile BI development will certainly be high on your list of options to get the most out of your projects. Working software over comprehensive documentation. Finalize documentation, where necessary. Finalize testing.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

IBM Big Data Hub

APRIL 11, 2024

In An Overview of Catastrophic AI Risks , the authors identify several mitigations that can be addressed through governance and regulation (in addition to cybersecurity). They identify international coordination and safety regulation as critical to preventing risks related to an “AI race.”

Risk 74

Risk Consulting Modeling Data Processing 74

CIO Business Intelligence

MAY 28, 2022

Eight years ago, McGlennon hosted an off-site think tank with his staff and came up with a “technology manifesto document” that defined in those early days the importance of exploiting cloud-based services, becoming more agile, and instituting cultural changes to drive the company’s digital transformation.

Insurance 145

Insurance Machine Learning Digital Transformation Cost-Benefit 145

IBM Big Data Hub

FEBRUARY 26, 2024

With this expanded observability, incidents can be prevented in the design phase or identified in the implementation and testing phase to reduce maintenance costs and achieve higher productivity. Efficient cloud migrations McKinsey predicts that $8 out of every $10 for IT hosting will go toward the cloud by 2024.

Cost-Benefit 91

Cost-Benefit Metadata Data Governance Reporting 91

Jet Global

MARCH 22, 2023

While embedded dashboards create real value, they can also come with real costs. These costs are not always visible when companies plan for their analytics offering but can significantly impact production, scale, and the speed of bringing analytics to market. What Are the Hidden Costs and Challenges?

Analytics 52

Analytics Cost-Benefit Dashboards Visualization 52

erwin

AUGUST 28, 2020

What Are the Key Benefits of Data Governance? Put simply, DG is about maximizing the potential of an organization’s data and minimizing the risk. Effectively communicating the benefits of well governed data to employees – like improving the discoverability of data – is just as important as any policy or technology.

Data Governance 145

Data Governance IT Cost-Benefit Metadata 145

erwin

JULY 1, 2022

Register to attend our What’s New webinar , hosted by product manager Vani Mishra. In today’s increasingly demanding business world, businesses are continually struggling with the need to reduce costs, deployment set backs, staffing shortages, right-sizing difficulties, delays in updating products, and keeping maintenance contracts in force.

Modeling 52

Modeling Cost-Benefit Data Processing Software 52

CIO Business Intelligence

MAY 27, 2022

Eight years ago, McGlennon hosted an off-site think tank with his staff and came up with a “technology manifesto document” that defined in those early days the importance of exploiting cloud-based services, becoming more agile, and instituting cultural changes to drive the company’s digital transformation.

Insurance 98

Insurance Machine Learning Digital Transformation Cost-Benefit 98

IBM Big Data Hub

AUGUST 30, 2023

It is an enterprise cloud-based asset management platform that leverages artificial intelligence (AI) , the Internet of Things (IoT) and analytics to help optimize equipment performance, extend asset lifecycles and reduce operational downtime and costs. However, there are a few risks to take into consideration when choosing a SaaS option.

Data Processing 67

Data Processing Cost-Benefit Internet of Things Enterprise 67

CIO Business Intelligence

AUGUST 16, 2023

John Carey, MD of the technology solutions group at global consulting firm AArete, uses Document AI, a new model now in early release from Snowflake that allows people to ask questions about unstructured documents. So you now own the model and have to pay for inference and hosting costs.

Modeling 98

Modeling Enterprise Cost-Benefit Data Science 98

Smart Data Collective

MAY 17, 2021

Legacy solutions might have used paper trails and documents, but that same information is now digital. A fleet must be outfitted with these technologies to benefit, whether natively or after the fact using add-on solutions. Growing requirement or not, there are many benefits of standardizing big data within fleet management operations.

Big Data 101

Big Data Cost-Benefit IoT Machine Learning 101