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 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

erwin

MARCH 25, 2021

And with many competing projects and activities vying for people’s time, it must be clear to people why choosing data governance activities will have a direct benefit to them. Usually we talk about benefits which are rather qualitative measures, but what we need for decision-making processes are values,” Pörschmann says. “We

Data Governance 109

Data Governance IT Cost-Benefit Risk 109

Alation

JULY 15, 2022

Organisations who do assess can gain additional benefits from the work that’s already done. Data Value. Indeed, ethical data practices can actually support data monetisation strategies. Under GDPR Article 30, the Record of Processing Activity (ROPA) document needs to be created and maintained.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

Ontotext

MAY 22, 2023

At the heart of such tools is the extraction of fields from forms or specific attributes from documents. LLMs do most of this better and with lower cost of customization. Luckily, the text analysis that Ontotext does is focused on tasks that require complex domain knowledge and linking of documents to reference data or master data.

Management 59

Management Unstructured Data Metadata Cost-Benefit 59

erwin

JANUARY 30, 2020

The results of our new research show that organizations are still trying to master data governance, including adjusting their strategies to address changing priorities and overcoming challenges related to data discovery, preparation, quality and traceability. Top Five: Benefits of An Automation Framework for Data Governance.

Data Governance 145

Data Governance Metadata Cost-Benefit Digital Transformation 145

DataRobot Blog

MAY 10, 2022

The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States. Given this context, how can financial institutions reap the benefits of modern machine learning approaches, while still being compliant to their MRM framework?

Risk 64

Risk Modeling Machine Learning Data Quality 64

CIO Business Intelligence

APRIL 4, 2024

The cost of implementing and running AI models can be quite high, so you have to be really careful in assessing the business worthiness of AI use cases,” he says. Production is another area that benefits from AI. “At Just check to make sure you can opt out of having your data used to train the vendor’s models, he says.

Enterprise 134

Enterprise Cost-Benefit Forecasting Strategy 134

erwin

FEBRUARY 13, 2020

The numerous data types and data sources that exist today weren’t designed to work together, and data infrastructures have been cobbled together over time with disparate technologies, poor documentation and little thought for downstream integration. Finding metadata, “the data about the data,” isn’t easy.

Metadata 135

Metadata Data Governance Management Cost-Benefit 135

Alation

FEBRUARY 14, 2023

What % of columns have data quality rules implemented? Does the top 5% of data used in the organization have data owners, stewards, titles, definitions, and classifications? All of these above metrics track how well governed your organization’s data is, but not the benefit of doing so.

Data Governance 52

Data Governance ROI Metrics Cost-Benefit 52

CIO Business Intelligence

JANUARY 9, 2024

IT leaders say they’re discussing everything from the costs of AI implementations to whether AI is the existential threat to humanity some fear. Can the current state of our data operations deliver the results we seek? And while they can’t answer the latter, they must lead the conversations on the former and other such topics.

IT 137

IT Risk Cost-Benefit Enterprise 137

datapine

JANUARY 24, 2021

By asking the right questions, utilizing sales analytics software that will enable you to mine, manipulate and manage voluminous sets of data, generating insights will become much easier. Before starting any business venture, you need to make the most crucial step: prepare your data for any type of serious analysis.

IT 317

IT Statistics KPI Data-driven 317

Octopai

MARCH 22, 2023

This makes it an ideal platform for organizations that handle sensitive data. Cost: Snowflake’s pricing model is based on usage, which means you only pay for what you use. This can be more cost-effective than traditional data warehousing solutions that require a significant upfront investment.

Cost-Benefit 78

Cost-Benefit Data Warehouse Unstructured Data Optimization 78

CIO Business Intelligence

JUNE 27, 2022

As Thomas and team formulated the project, they asked themselves what benefits end-to-end automation of the source-to-pay process might bring besides better cycle time and better visibility into the cash flow. After the first implementation, we understood that supplier data is not always clean,” he says. Visibility.

Cost-Benefit 100

Cost-Benefit Finance Digital Transformation Enterprise 100

Cloudera

AUGUST 31, 2021

Traditional data warehouse vendors may have maturity in data storage, modeling, and high-performance analysis. Yet, these legacy solutions are showing their age and can no longer meet these new demands in a cost-effective manner. Running on CDW is fully integrated with streaming, data engineering, and machine learning analytics.

Data Warehouse 81

Data Warehouse Cost-Benefit Metadata Data-driven 81

IBM Big Data Hub

FEBRUARY 9, 2023

Once you have a clear understanding of business objectives and data needs, set data governance goals and priorities. Clearly defining your goals and objectives will guide the prioritization and development of your data governance program, ultimately driving revenue, cost savings, and customer satisfaction.

Data Governance 84

Data Governance Business Objectives Strategy Data Quality 84

Ontotext

FEBRUARY 26, 2024

If one can figure out how to effectively reuse rockets, just like airplanes, the cost of access to space will be reduced by as much as a factor of a hundred.” ” Elon Musk SpaceX succeeded in building reusable rockets, drastically reducing the cost of sending them into orbit or taking astronauts to the International Space Station.

Technology 52

Technology Cost-Benefit Data-driven Metadata 52

erwin

DECEMBER 12, 2019

Metadata is an important part of data governance, and as a result, most nascent data governance programs are rife with project plans for assessing and documenting metadata. But in many scenarios, it seems that the underlying driver of metadata collection projects is that it’s just something you do for data governance.

Metadata 84

Metadata Data Governance Digital Transformation Data Quality 84

Smarten

FEBRUARY 13, 2022

The world-renowned technology research firm, Gartner, predicts that, ‘through 2024, 50% of organizations will adopt modern data quality solutions to better support their digital business initiatives’. As businesses consider the options for data analytics, it is important to understand the impact of solution selection.

Analytics 52

Analytics Key Performance Indicator Business Intelligence ROI 52

DataKitchen

FEBRUARY 21, 2023

How do you scale an organization without hiring an army of hard-to-find data engineering talent? 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. Summary: 10x your data engineering game.

Data-driven 130

Data-driven Testing Risk Cost-Benefit 130

FineReport

APRIL 26, 2023

A company’s ability to collect and handle big data effectively is directly related to its growth rate, as big data offers numerous advantages that cannot be ignored. Market Insight : Analyzing big data can help businesses understand market demand and customer behavior. Another key benefit of FineReport is its flexibility.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Smart Data Collective

SEPTEMBER 22, 2021

The biggest barrier to this task, however, is a lack of IT capacity and budget – but businesses that can successfully budget for these expenses may find profitable insights in that data, more than making up for those initial costs. How do you quantify unstructured data? Find Out What’s Inside.

Unstructured Data 115

Unstructured Data Management Cost-Benefit Finance 115

erwin

DECEMBER 12, 2019

Metadata is an important part of data governance, and as a result, most nascent data governance programs are rife with project plans for assessing and documenting metadata. But in many scenarios, it seems that the underlying driver of metadata collection projects is that it’s just something you do for data governance.

Metadata 52

Metadata Data Governance Digital Transformation Data Quality 52

Ontotext

JANUARY 6, 2021

According to this article , it costs $54,500 for every kilogram you want into space. It has been suggested that their Falcon 9 rocket has lowered the cost per kilo to $2,720. Reuse of knowledge from third party data providers and establishing data quality principles to populate it.

Metadata 59

Metadata Unstructured Data Cost-Benefit Enterprise 59

AWS Big Data

NOVEMBER 16, 2023

In the following sections, we discuss the most common areas of consideration that are critical for Data Vault implementations at scale: data protection, performance and elasticity, analytical functionality, cost and resource management, availability, and scalability.

Enterprise 83

Enterprise Data Warehouse Snapshot Cost-Benefit 83

Ontotext

JUNE 10, 2021

With graph databases the representation of relationships as data make it possible to better represent data in real time, addressing newly discovered types of data and relationships. Relational databases benefit from decades of tweaks and optimizations to deliver performance. It provides meaning.

Metadata 119

Metadata Cost-Benefit OLAP Modeling 119

O'Reilly on Data

OCTOBER 22, 2020

It’s also a good indirect measure of training data quality: a team that does not know where their data originated is likely to not know other important details about the data as well. What’s the cost of doing nothing? What costs do you incur, what exposures do take on now? And six months from now?”

Consulting 296

Consulting Risk Cost-Benefit Modeling 296

AWS Big Data

MARCH 3, 2023

Additionally, the scale is significant because the multi-tenant data sources provide a continuous stream of testing activity, and our users require quick data refreshes as well as historical context for up to a decade due to compliance and regulatory demands. Finally, data integrity is of paramount importance.

Software 52

Software Data Lake Testing Cost-Benefit 52

Ontotext

MARCH 18, 2020

To access this knowledge, enterprises need tools to help them integrate the data scattered across the organization. The third challenge is how to combine data management with analytics. In today’s business climate, data quality and governance are no longer enough.

Enterprise 59

Enterprise B2B Unstructured Data Machine Learning 59

erwin

SEPTEMBER 19, 2019

However, once an organization understands that IT and the business are both responsible for data, it needs to develop a comprehensive, holistic strategy for data governance that is capable of four things: Reaching every stakeholder in the process. Providing a platform for understanding and governing trusted data assets.

Data Governance 108

Data Governance Cost-Benefit Enterprise Modeling 108

CIO Business Intelligence

FEBRUARY 20, 2023

Benefits of Salesforce certifications Salesforce jobs range from the technical (architects, developers, implementation experts) to those related to marketing and sales. According to a study by Indeed.com , 70% of Salesforce developers in the US are satisfied with their salaries given the cost of living in their area.

Consulting 72

Consulting B2B Cost-Benefit Sales 72

Domino Data Lab

OCTOBER 1, 2020

Traditionally, this problem has been solved by either denying access to this data altogether (a not infrequent outcome), or creating and maintaining multiple copies of many datasets for each possible use case by omitting the data that a particular user is not allowed to see (e.g. PII, PHI, etc).

Enterprise 105

Enterprise Metadata Cost-Benefit Data Processing 105

O'Reilly on Data

JULY 28, 2020

The Advertising team was more interested in cost per lead (CPL) and lifetime value (LTV), while the Strategy team was aligned to corporate metrics (revenue impact and total active users). Again, it’s important to listen to data scientists, data engineers, software developers, and design team members when deciding on the MVP.

Marketing 362

Marketing Experimentation Metrics Testing 362

BI-Survey

FEBRUARY 23, 2023

Even the best data strategy cannot fulfill its potential if the data culture in the company does not match it. Ultimately, it is the people in the company who have to change their behavior and mindset in order to benefit from the ever-increasing amount of data available to them.

Metadata 52

Metadata Data-driven Data Strategy Strategy 52

O'Reilly on Data

NOVEMBER 28, 2023

54% of AI users expect AI’s biggest benefit will be greater productivity. And there are tools for archiving and indexing prompts for reuse, vector databases for retrieving documents that an AI can use to answer a question, and much more. Few nonusers (2%) report that lack of data or data quality is an issue, and only 1.3%

Enterprise 271

Enterprise Modeling Testing Reporting 271

datapine

FEBRUARY 17, 2023

That said, data and analytics are only valuable if you know how to use them to your advantage. 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 million per year.

Analytics 191

Analytics Cost-Benefit Dashboards Business Intelligence 191

Ontotext

MARCH 8, 2023

Specifically, the increasing amount of data being generated and collected, and the need to make sense of it, and its use in artificial intelligence and machine learning, which can benefit from the structured data and context provided by knowledge graphs. We get this question regularly.

Enterprise 52

Enterprise Knowledge Discovery Risk Data-driven 52

Grooper

AUGUST 19, 2019

C-level executives and professionals alike must learn to speak a new language - data. The benefit of speaking data, a.k.a. The reason data literacy plays such an important role in choosing the right technology solutions is that it directly impacts the quality of the requirements list.

Analytics 54

Analytics Machine Learning Data Science Data-driven 54