CIO Business Intelligence

JUNE 9, 2023

That gap is becoming increasingly apparent because of artificial intelligence’s (AI) dependence on effective data management. Without it, businesses incur steep costs, but the downside, or costs, are often unclear because calculating data management’s return on investment (ROI), or upside, is a murky exercise.

Strategy 109

Strategy Management Key Performance Indicator ROI 109

IBM Big Data Hub

FEBRUARY 28, 2024

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits.

Strategy 105

Strategy Technology Cost-Benefit Risk Management 105

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

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 80

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 80

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

CIO Business Intelligence

FEBRUARY 8, 2024

People across industries envisioned AI as being the fuel for thousands of hours of time saved, replacing jobs to reduce costs, and unlocking innovation at a scale we have never before seen. Interacting with AI data or experiences in silos introduces risk and increases inefficiencies because it’s kept separate.

Cost-Benefit 111

Cost-Benefit Experimentation Interactive Risk 111

CIO Business Intelligence

MARCH 24, 2023

The Business Application Research Center (BARC) warns that data governance is a highly complex, ongoing program, not a “big bang initiative,” and it runs the risk of participants losing trust and interest over time.

Data Governance 142

Data Governance Management Metadata Data Quality 142

Alation

JULY 15, 2022

I recently led an online session, Data Monetisation and Governance , looking at the evolution of data governance , defining data ethics (from the Turing Institute ), and touching on the balancing act between using data to monetise (by increasing revenue, decreasing spend, or mitigating risk) and meeting ethical obligations.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

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 88

Metrics Machine Learning Risk Statistics 88

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. Our firm’s leaders] wanted to make sure there were guidelines in place to protect the company, its data, and its people.”

IT 124

IT Risk Cost-Benefit Enterprise 124

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 140

Digital Transformation Unstructured Data Machine Learning Risk Management 140

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 130

Enterprise Cost-Benefit Forecasting Strategy 130

Smart Data Collective

SEPTEMBER 28, 2022

Big data management increases the reliability of your data. Big data management has many benefits. One of the most important is that it helps to increase the reliability of your data. Data quality issues can arise from a variety of sources, including: Duplicate records Missing records Incorrect data.

Big Data 106

Big Data Management Data Quality Cost-Benefit 106

DataKitchen

JUNE 19, 2023

Our recent survey showed that 97% of data engineers report experiencing burnout in their day-to-day jobs. The spiritual benefits of letting go may be profound, but finding and fixing the problem at its root is, as Samuel Florman writes, “ existential joy.” Failures on the Data Journey cost organizations millions of dollars.

Testing 130

Testing Cost-Benefit Metrics Data Quality 130

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

FineReport

APRIL 9, 2024

Through interactive dashboards , these tools empower users across various departments to access and interpret data effectively. These benefits include enhanced operational efficiency through streamlined processes and optimized resource allocation.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

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

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. ML models directly involved in critical safety systems are generally easy to identify as areas of concern.

Consulting 296

Consulting Risk Cost-Benefit Modeling 296

CIO Business Intelligence

JANUARY 24, 2024

At Vanguard, “data and analytics enable us to fulfill on our mission to provide investors with the best chance for investment success by enabling us to glean actionable insights to drive personalized client experiences, scale advice, optimize investment and business operations, and reduce risk,” Swann says.

Data Strategy 135

Data Strategy Strategy Unstructured Data Data Governance 135

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 94

Strategy Data Architecture Cost-Benefit Reporting 94

Anmut

APRIL 6, 2023

That’s where data maturity assessments come in – they help businesses understand their current data maturity, and equip them with the tools and resources necessary to climb the data maturity curve. What is a Data Maturity Assessment? What are the Benefits of Doing a Data Maturity Assessment?

Cost-Benefit 52

Cost-Benefit Data Quality Data Governance Measurement 52

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)? Clean it, annotate it, catalog it, and bring it into the data family (connect the dots and see what happens). Conduct market research.

Strategy 289

Strategy Experimentation Uncertainty Machine Learning 289

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. Generative AI also helps generate use cases based on code insights and functional mapping.

Cost-Benefit 99

Cost-Benefit Testing Data-driven Enterprise 99

Ontotext

JULY 6, 2023

Let’s consider an example about risk and opportunity event detection. Case studies The risk and opportunity event detection use case discussed above combines all of Ontotext’s capabilities: storing and managing large amounts of data adding meaning to it (e.g.,, The solution brings many business benefits.

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

CIO Business Intelligence

NOVEMBER 13, 2023

Because of this, IT leaders must take a proactive approach to change management , communicating the benefits of digital transformation and providing support and training to employees. Be realistic about the costs of digital transformation and allocate sufficient human capital and financial capital to achieve your goals.

Digital Transformation 139

Digital Transformation Cost-Benefit Experimentation Measurement 139

Smart Data Collective

DECEMBER 21, 2022

This market is growing as more businesses discover the benefits of investing in big data to grow their businesses. One of the biggest issues pertains to data quality. Even the most sophisticated big data tools can’t make up for this problem. Data cleansing and its purpose.

Business Analytics 111

Business Analytics Analytics Data Quality Big Data 111

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

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 144

Data Governance IT Risk Data Lake 144

IBM Big Data Hub

MAY 9, 2023

The emergence of transformers and self-supervised learning methods has allowed us to tap into vast quantities of unlabeled data, paving the way for large pre-trained models, sometimes called “ foundation models.” ” These large models have lowered the cost and labor involved in automation.

Enterprise 134

Enterprise Technology Modeling Cost-Benefit 134

Alation

FEBRUARY 14, 2023

In this day and age, regardless of industry, keeping data protected and its uses understood is vital. No business wants to have the PR nightmare of a data leak or personal data being used without the correct permissions. This is where successful data governance programs can act as a savior to many organizations.

Data Governance 52

Data Governance ROI Metrics Cost-Benefit 52

erwin

FEBRUARY 13, 2020

Therefore, most enterprises have encountered difficulty trying to master data governance and metadata management, but they need a solid data infrastructure on which to build their applications and initiatives. Data Governance Attitudes Are Shifting. The Benefits of Automating Data Governance and Metadata Management Processes.

Metadata 135

Metadata Data Governance Management Cost-Benefit 135

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

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

erwin

MAY 6, 2020

Consider these high-priority scenarios in which the demand for a sound data infrastructure to drive trusted insights is clear and compelling: Organizations contributing to managing the pandemic: (healthcare, government, pharma, etc.). Strong data management practices can have: Financial impact (revenue, cash flow, cost structures, etc.).

Cost-Benefit 94

Cost-Benefit Data Governance Uncertainty Data-driven 94

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