IBM Big Data Hub

MAY 9, 2024

Healthcare organizations must adhere to data privacy regulations like HIPAA and GDPR. Noncompliance with these laws is costly and can damage your reputation, besides posing a danger to patients and practitioners when data breaches occur. The accuracy of these analytics is limited by the accuracy of the data used.

Data Governance 69

Data Governance Data Quality Insurance Predictive Analytics 69

CIO Business Intelligence

JANUARY 9, 2024

But they are being grilled in executive suites and boardrooms, as enterprise leaders turn to their technology chiefs with all sorts of challenging questions that CIOs are expected to answer. IT leaders say they’re discussing everything from the costs of AI implementations to whether AI is the existential threat to humanity some fear.

IT 134

IT Risk Cost-Benefit Enterprise 134

IBM Big Data Hub

JANUARY 25, 2024

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 regulations, undergoing digital transformation and the need for cost-cutting. A 40% reduction in inventory costs.

Optimization 82

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 82

IBM Big Data Hub

NOVEMBER 29, 2023

To build that trust and drive broad adoption, vendors of synthetic data generation tools will need to address two critical questions that many business leaders ask: Will synthetic data expose my business to additional data privacy risks? How accurately does synthetic data reflect my existing data?

Metrics 89

Metrics Machine Learning Risk Statistics 89

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 142

Digital Transformation Unstructured Data Machine Learning Risk Management 142

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 136

Data Strategy Strategy Unstructured Data Data Governance 136

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

DataRobot Blog

MAY 26, 2022

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

Risk 52

Risk Modeling Metrics Business Objectives 52

Jim Harris

JANUARY 1, 2016

1 — Investigate Data quality is not exactly a riddle wrapped in a mystery inside an enigma. However, understanding your data is essential to using it effectively and improving its quality. In order for you to make sense of those data elements, you require business context.

Data Quality 61

Data Quality Data Governance Cost-Benefit ROI 61

IBM Big Data Hub

NOVEMBER 24, 2023

Application modernization starts with assessment of current legacy applications, data and infrastructure and applying the right modernization strategy (rehost, re-platform, refactor or rebuild) to achieve the desired result. Duplicative capabilities across applications and channels give rise to duplicative IT resources (e.g.,

Cost-Benefit 101

Cost-Benefit Testing Data-driven Enterprise 101

Rocket-Powered Data Science

FEBRUARY 15, 2023

3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? Love thy data: data are never perfect, but all the data may produce value, though not immediately. The latter is essential for Generative AI implementations.

Strategy 289

Strategy Experimentation Uncertainty Machine Learning 289

Alation

JULY 15, 2022

Data ethics is both an imperative and an opportunity. New regulations covering data privacy and other ethical concerns require that enterprises govern internal data processes according to these new laws. Organisations who do assess can gain additional benefits from the work that’s already done. Data Value.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

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. Changing the game with knowledge graphs So how does knowledge graph technology help enterprises in the Financial Services Industry become data-driven?

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

Smarten

DECEMBER 3, 2023

Let’s look at some of the reasons business intelligence (BI) and augmented analytics are important to your business and the benefits this type of solution can provide for your enterprise. Giving your team the right tools and a simple way to manage the overwhelming flow of data is crucial to business success.’

Analytics 40

Analytics Cost-Benefit Data Quality Consulting 40

Laminar Security

DECEMBER 1, 2023

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. million, the highest it’s been in 17 years.

Modeling 52

Modeling Cost-Benefit Risk Data-driven 52

Ontotext

MARCH 18, 2020

According to an article in Harvard Business Review , cross-industry studies show that, on average, big enterprises actively use less than half of their structured data and sometimes about 1% of their unstructured data. Why Enterprise Knowledge Graphs? The third challenge is how to combine data management with analytics.

Enterprise 59

Enterprise B2B Unstructured Data Machine Learning 59

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives. Establishing a Data Foundation.

Data Governance 145

Data Governance IT Risk Data Lake 145

erwin

FEBRUARY 13, 2020

There’s always more data to handle, much of it unstructured; more data sources, like IoT, more points of integration, and more regulatory compliance requirements. Creating and sustaining an enterprise-wide view of and easy access to underlying metadata is also a tall order. Metadata Management Takes Time.

Metadata 135

Metadata Data Governance Management Cost-Benefit 135

O'Reilly on Data

NOVEMBER 28, 2023

In enterprises, we’ve seen everything from wholesale adoption to policies that severely restrict or even forbid the use of generative AI. Unexpected outcomes, security, safety, fairness and bias, and privacy are the biggest risks for which adopters are testing. 54% of AI users expect AI’s biggest benefit will be greater productivity.

Enterprise 271

Enterprise Modeling Testing Reporting 271

erwin

MAY 6, 2020

In these times of great uncertainty and massive disruption, is your enterprise data helping you drive better business outcomes? A data-driven approach has never been more valuable to addressing the complex yet foundational questions enterprises must answer. Turning Data Into a Source of Truth & Regeneration.

Cost-Benefit 94

Cost-Benefit Data Governance Uncertainty Data-driven 94

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

erwin

JANUARY 30, 2020

Digital transformation and data standards/uniformity round out the top five data governance drivers, with 37 and 36 percent, respectively. Constructing a Digital Transformation Strategy: How Data Drives Digital. However, more than 50 percent say they have deployed metadata management, data analytics, and data quality solutions.

Data Governance 145

Data Governance Metadata Cost-Benefit Digital Transformation 145

IBM Big Data Hub

DECEMBER 20, 2023

Without an AI strategy, organizations risk missing out on the benefits AI can offer. Whether it’s deeper data analysis, optimization of business processes or improved customer experiences , having a well-defined purpose and plan will ensure that the adoption of AI aligns with the broader business goals.

Strategy 80

Strategy Business Objectives Cost-Benefit Consulting 80

erwin

SEPTEMBER 17, 2020

Replace manual and recurring tasks for fast, reliable data lineage and overall data governance. It’s paramount that organizations understand the benefits of automating end-to-end data lineage. The importance of end-to-end data lineage is widely understood and ignoring it is risky business. defense budget.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

CIO Business Intelligence

JANUARY 20, 2023

Companies benefit by keeping or acquiring geographically-dispersed top talent often attracted to a flexible work environment. Notably, businesses are adopting virtual desktop infrastructure (VDI) as a way to keep data secure, teams collaborative, and staff productive while reducing costs.

Technology 59

Technology Cost-Benefit Deep Learning Modeling 59

Ontotext

APRIL 21, 2021

Ontotext clients have used enterprise knowledge graphs to ensure inventory control is done in an intelligent and automated way. Inventory here refers to the vast amounts of information and data that financial institutions need on a daily basis, which are core assets to the business. Manage Regulation, Manage Risk.

Metadata 59

Metadata Finance Cost-Benefit Risk 59

CIO Business Intelligence

SEPTEMBER 8, 2022

In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years. The ability to pivot quickly to address rapidly changing customer or market demands is driving the need for real-time data.

Cost-Benefit 119

Cost-Benefit Internet of Things Data-driven Data Lake 119

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

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). So what does this look like?

Enterprise 105

Enterprise Metadata Cost-Benefit Data Processing 105

erwin

APRIL 16, 2021

Some business units benefit more from data governance than others, and some business units have to invest more energy and resources into the change than others.”. Data governance maturity includes the ability to rely on automated and repeatable processes, which ultimately helps to increase productivity. Maturity Levels.

Data Governance 128

Data Governance Metadata Cost-Benefit Digital Transformation 128

IBM Big Data Hub

JUNE 30, 2022

As ecosystems transformed over the last few years and simultaneously increased the opportunities to improve results driven by data, a few main contributing factors drove major change in how you should think about your data strategy: The reality of hybrid multicloud and its accelerated adoption has created new possibilities and challenges.

Data Strategy 57

Data Strategy Strategy Business Objectives Data-driven 57

erwin

DECEMBER 12, 2019

Managing metadata should not be a sub-goal of data governance. Today, metadata is the heart of enterprise data management and governance/ intelligence efforts and should have a clear strategy – rather than just something you do. Quite simply, metadata is data about data. The Role of Metadata in Data Governance.

Metadata 84

Metadata Data Governance Digital Transformation Data Quality 84

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 84

Data Warehouse Cost-Benefit Metadata Data-driven 84

erwin

SEPTEMBER 19, 2019

Data governance, today, comes back to the ability to understand critical enterprise data within a business context, track its physical existence and lineage, and maximize its value while ensuring quality and security. Click here to download our latest, best practice guide for Data Modeling for free.

Data Governance 108

Data Governance Cost-Benefit Enterprise Modeling 108

Anmut

MARCH 22, 2023

Anmut’s own clients estimate that poor data quality and availability causes at least 16% additional cost per year. Worse still, these organisations’ competitors are actually pouring twice as many resources into creating value from their data assets, giving them a massive advantage.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

Alation

MARCH 22, 2022

As the latest iteration in this pursuit of high-quality data sharing, DataOps combines a range of disciplines. It synthesizes all we’ve learned about agile, data quality , and ETL/ELT. So, how can you quickly take advantage of the DataOps opportunity while avoiding the risk and costs of DIY?

Metadata 52

Metadata Cost-Benefit Data Quality Data Lake 52

FineReport

APRIL 26, 2023

With the right Big Data Tools and techniques, organizations can leverage Big Data to gain valuable insights that can inform business decisions and drive growth. What is Big Data? What is Big Data? Market Insight : Analyzing big data can help businesses understand market demand and customer behavior.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52