IBM Big Data Hub

DECEMBER 20, 2023

Without an AI strategy, organizations risk missing out on the benefits AI can offer. An AI strategy helps organizations address the complex challenges associated with AI implementation and define its objectives. What is an AI strategy? A successful AI strategy should act as a roadmap for this plan.

Strategy 72

Strategy Business Objectives Cost-Benefit Consulting 72

CIO Business Intelligence

JUNE 23, 2023

According to the MIT Technology Review Insights Survey, an enterprise data strategy supports vital business objectives including expanding sales, improving operational efficiency, and reducing time to market. The problem is today, just 13% of organizations excel at delivering on their data strategy.

Data Strategy 107

Data Strategy Strategy Visualization Consulting 107

DataKitchen

MAY 10, 2024

The Five Use Cases in Data Observability: Fast, Safe Development and Deployment (#4) Introduction The integrity and functionality of new code, tools, and configurations during the development and deployment stages are crucial. This process is critical as it ensures data quality from the onset. Will I Create A Failed Deploy?

Testing 124

Testing Cost-Benefit Data Quality Dashboards 124

IBM Big Data Hub

APRIL 10, 2023

A well-designed data foundation can also be a game-changer when it comes to managing ESG (environmental, social, and governance) commitments. Fortunately, business benefits and ESG benefits are not mutually exclusive: sustainability efforts can help boost business value for organizations that are committed and effective in execution.

Strategy 86

Strategy Data Architecture Cost-Benefit Reporting 86

IBM Big Data Hub

JUNE 30, 2022

The rise of data strategy. There’s a renewed interest in reflecting on what can and should be done with data, how to accomplish those goals and how to check for data strategy alignment with business objectives. The evolution of a multi-everything landscape, and what that means for data strategy.

Data Strategy 56

Data Strategy Strategy Business Objectives Data-driven 56

CIO Business Intelligence

APRIL 17, 2024

Salesforce to capitalize on the GenAI demand Salesforce’s possible bid to acquire Informatica could be a result of the company’s strategy to capitalize on the growing demand for generative AI , analysts said. The enterprise data management vendor reported a total revenue of $1.5 What Informatica has to gain or lose? billion and $1.6

Cost-Benefit 125

Cost-Benefit B2B Marketing Enterprise 125

CIO Business Intelligence

MARCH 18, 2024

When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. The CIO has strategies in place to address all three. To find promising use cases, Webster Bank canvassed several dozen proposals and decided to start with three that could deliver tangible benefits.

Risk 128

Risk Cost-Benefit Data Processing Testing 128

IBM Big Data Hub

MAY 9, 2024

Healthcare organizations need a strong data governance framework to help ensure compliance with regulations like the Health Insurance Portability and Accountability Act of 1996 (HIPAA) in the US and the General Data Protection Regulation (GDPR) in the EU. These errors are crucial and can occur daily. The consequence?

Data Governance 67

Data Governance Data Quality Insurance Predictive Analytics 67

CIO Business Intelligence

MAY 8, 2024

According to a recent report by InformationWeek , enterprises with a strong AI strategy are 3 times more likely to report above-average data integration success. Additionally, a study by McKinsey found that organisations leveraging AI in data integration can achieve an average improvement of 20% in data quality.

Data Integration 78

Data Integration IoT Cost-Benefit Data Quality 78

CIO Business Intelligence

MARCH 24, 2023

The Data Management Association (DAMA) International defines it as the “planning, oversight, and control over management of data and the use of data and data-related sources.” Such a framework provides your organization with a holistic approach to collecting, managing, securing, and storing data.

Data Governance 142

Data Governance Management Metadata Data Quality 142

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. Webster Bank is following a similar strategy. Production is another area that benefits from AI. “At Data is the lynchpin to AI success,” says Nafde.

Enterprise 131

Enterprise Cost-Benefit Forecasting Sales 131

datapine

JANUARY 24, 2021

It is not just important to gather all the existing information, but to consider the preparation of data and utilize it in the proper way, has become an indispensable value in developing a successful business strategy. That being said, it seems like we’re in the midst of a data analysis crisis.

IT 317

IT Statistics KPI Data-driven 317

Alation

JULY 15, 2022

I raised the Cambridge Analytica Scandal and pointed out how it is often only when these stories hit the news that people question the ethics behind how companies are using data. Clearly, using private Facebook data collected in a nefarious manner to sway political elections is not ethical. Data Value. What’s your data strategy?

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 141

Digital Transformation Unstructured Data Machine Learning Risk Management 141

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

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. Unfortunately, some business analytics strategies are poorly conceptualized. One of the biggest issues pertains to data quality. Data cleansing and its purpose.

Business Analytics 109

Business Analytics Analytics Data Quality Big Data 109

Jen Stirrup

FEBRUARY 23, 2024

Data Volume : Monitoring changes in the amount of data, which can indicate issues or unexpected behavior in data pipelines. Schema Changes : Tracking data structure or schema changes can affect downstream processes and analytics. Data Quality : Identifying data accuracy, consistency, and completeness issues.

Data-driven 74

Data-driven Data Governance Data Quality Cost-Benefit 74

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 140

Digital Transformation Cost-Benefit Experimentation Measurement 140

datapine

MAY 21, 2019

Armed with BI-based prowess, these organizations are a testament to the benefits of using online data analysis to enhance your organization’s processes and strategies. Many are also overwhelmed by where to start, worried about cost and effort, and discouraged by stories of BI failures. “Up

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards ROI 183

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

DataKitchen

APRIL 11, 2023

He drew from his twenty-five years of experience in business analytics, pharmaceutical brand launch strategy, and project management. James emphasized the importance of delivering value quickly, even if the solution is only 70% complete, rather than aiming for 100% completeness at the cost of significant delays. Click below to watch!

Data Analytics 130

Data Analytics Analytics Cost-Benefit Data Quality 130

datapine

AUGUST 7, 2019

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. A SaaS dashboard is a powerful business intelligence tool that offers a host of benefits for ambitious tech businesses. What Are The Benefits Of The SaaS Technology?

Dashboards 168

Dashboards Management KPI Cost-Benefit 168

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. Subsequent phases are build and test and deploy to production.

Cost-Benefit 90

Cost-Benefit Testing Data-driven Enterprise 90

erwin

JANUARY 30, 2020

Constructing a Digital Transformation Strategy: How Data Drives Digital. I’m encouraged by these results as it tells us that enterprises are really beginning to embrace the power of data to shape their organizations. And close to 50 percent have deployed data catalogs and business glossaries.

Data Governance 145

Data Governance Metadata Cost-Benefit Digital Transformation 145

IBM Big Data Hub

FEBRUARY 9, 2023

Building a data governance program is an iterative and incremental process Step 1: Define your data strategy and data governance goals and objectives What are the business objectives and desired results for your organization?

Data Governance 76

Data Governance Business Objectives Data Quality Strategy 76

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? Similarly, the 2023 US AI Risk Survey Report from professional services firm KPMG found that data integrity was No.

IT 126

IT Risk Cost-Benefit Enterprise 126

CIO Business Intelligence

APRIL 11, 2022

There are many benefits that come along with making a city “smart.” It gives the city more information and data to help drive decision making leading to tremendous benefits that positively influence the lives of everyone who lives, works, and visits, such as: . Doral is already preparing a Smart City 2.0

IoT 145

IoT Measurement Cost-Benefit Deep Learning 145

CIO Business Intelligence

JUNE 1, 2022

For businesses like the McLaren Group, these two trends are at the core of the conglomerate’s digital transformation and competitive strategy, on and off the track. . Like professional basketball, industrial-scale farming, national politics, and global merchandising, auto racing has become a data science. A Competitive Differentiator.

Manufacturing 104

Manufacturing Digital Transformation Predictive Analytics Strategy 104

CIO Business Intelligence

APRIL 25, 2022

In addition, “Of the 31% with AI in production, only one third claim to have reached a mature state of adoption wherein the entire organization benefits from an enterprise-wide AI strategy.”. Data analytics is the key to unlocking the most value you can extract from data across your organization. So what’s the problem?

Machine Learning 128

Machine Learning Enterprise Deep Learning Cost-Benefit 128

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 57

Technology Cost-Benefit Deep Learning Modeling 57

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 111

Cost-Benefit Internet of Things Data-driven Data Lake 111

CIO Business Intelligence

JUNE 13, 2022

Juniper Research forecasts that in 2023 the global operational cost savings from chatbots in banking will reach $7.3 And that not only benefits customers, but it can also increase morale among the employees. Conversational AI also collects heaps of useful customer data. billion, and for insurance, the savings will approach $1.3

Data Processing 90

Data Processing Deep Learning Insurance Cost-Benefit 90

Alation

SEPTEMBER 28, 2022

In essence, DataOps is a practice that helps organizations manage and govern data more effectively. However, there is a lot more to know about DataOps, as it has its own definition, principles, benefits, and applications in real-life companies today – which we will cover in this article! Automated testing to ensure data quality.

Cost-Benefit 52

Cost-Benefit Data Quality Manufacturing Testing 52

DataKitchen

MARCH 16, 2023

Under Efficiency, the Number of Data Product Owners metric measures the value of the business’s data products. Under Quality, the Data Quality Incidents metric measures the average data quality of datasets, while the Active Daily Users metric measures user activity across data platforms.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

Ontotext

JULY 6, 2023

The solution brings many business benefits. The business benefits here are also significant. Ontotext’s Effective Sanctions solution provides multiple views, reconciliation and enrichment interfaces, along with data quality checks. The tool offers various business benefits.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

datapine

AUGUST 14, 2019

To fully leverage the power of data science, scientists often need to obtain skills in databases, statistical programming tools, and data visualizations. But being an inquisitive Sherlock Holmes of data is no easy task. In the past, data scientists had to rely on powerful computers to manage large volumes of data.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214