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? This is partially true for synthetic data.

Metrics 80

Metrics Machine Learning Statistics Risk 80

Smart Data Collective

DECEMBER 21, 2020

We previously talked about the benefits of data analytics in the insurance industry. Key benefits of AI include recognizing speech, identifying objects in an image, and analyzing natural or unstructured data forms. Estimation of vehicle repair costs. One report found that big data vendors will generate over $2.4

Insurance 135

Insurance Cost-Benefit Big Data Unstructured Data 135

Corinium

JUNE 6, 2019

Regulations and compliance requirements, especially around pricing, risk selection, etc., For instance, for a variety of reasons, in the short term, CDAOS are challenged with quantifying the benefits of analytics’ investments. There is usually a steep learning curve in terms of “doing AI right”, which is invaluable.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

FEBRUARY 10, 2023

With predictive analytics, organizations can find and exploit patterns contained within data in order to detect risks and opportunities. Such models enable the assessment of either the promise or risk presented by a particular set of conditions, guiding informed decision-making across various categories of supply chain and procurement events.

Predictive Analytics 138

Predictive Analytics Analytics Predictive Modeling Forecasting 138

Smart Data Collective

MARCH 27, 2023

Some of the benefits of AI in banking include: Banks use AI bots to onboard clients and analyze borrower risk. They have also started integrated computer vision and deep learning technology to identify inefficiencies. Software is now typically a monthly recurring cost. It sounds expensive.

Software 88

Software Finance Cost-Benefit Data-driven 88

AWS Big Data

MAY 16, 2024

To learn more details about their benefits, see Introduction to Spatial Indexes. Learn more about these differences in CARTO’s free ebook Spatial Indexes Benefits of H3 One of the flagship examples of spatial indexes is H3, which is a hexagonal spatial index. This ensures robust data representation in all directions.

Data Warehouse 108

Data Warehouse Visualization Cost-Benefit Optimization 108

IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications.

Unstructured Data 90

Unstructured Data Cost-Benefit Experimentation Machine Learning 90

Cloudera

OCTOBER 24, 2023

The AI technologies of today—including not just large language models (LLMs) but also deep learning, reinforcement learning, and natural-language processing (NLP) tools—will equip telcos with powerful new automation and analytics capabilities. AI-powered automation is already driving significant margin growth by reducing costs.

Interactive 81

Interactive Data-driven Cost-Benefit Optimization 81

IBM Big Data Hub

FEBRUARY 14, 2024

Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). More benefits from AI include building a more sustainable IT system and improving the continuous integration/continuous (CI/CD) delivery pipelines.

Cost-Benefit 82

Cost-Benefit Insurance Unstructured Data Machine Learning 82

Cloudera

SEPTEMBER 20, 2022

Scope, motivation, and benefits. The benefit of this task is to lower the labor and skill burden in generating images of a desired quality. Who benefits? Under a capitalist system of values, businesses and individuals that are consumers of art also benefit from increased productivity. Ethical considerations. Why automate?

Deep Learning 88

Deep Learning Cost-Benefit Risk Data-driven 88

IBM Big Data Hub

APRIL 22, 2024

We use to collect data from 6,500+ utility bills we receive globally each year and summarize total energy consumption, cost, and renewable electricity purchases across to save many hours of calculations. In our IBM Hursley data center , we are leveraging our own AI technologies to conserve power across 4,500 physical compute systems.

IoT 77

IoT Internet of Things Cost-Benefit Reporting 77

IBM Big Data Hub

AUGUST 11, 2023

MLOps is the next evolution of data analysis and deep learning. Simply put, MLOps uses machine learning to make machine learning more efficient. Steps in the MLOps process Where MLOps sees the biggest benefit is in the iterative orchestration of tasks.

Data Science 53

Data Science Machine Learning Cost-Benefit Deep Learning 53

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

Smart Data Collective

MAY 8, 2022

When you combine big data with AI, you can help your users extract highly-valuable insights from data, foster data literacy across your company or organization, and take advantage of the many other benefits it offers. Improves decision making and reduces costs. Identifying risks. High-performance data systems and MapReduce.

Big Data 106

Big Data Data Analytics Analytics Cost-Benefit 106

CIO Business Intelligence

JANUARY 23, 2023

Microsoft stands to benefit from its investment in three ways. As OpenAI’s exclusive cloud provider it will see additional revenue for its Azure services, as one of OpenAI’s biggest costs is providing the computing capacity to train and run its AI models.

Enterprise 131

Enterprise Deep Learning Recreation/Entertainment Interactive 131

IBM Big Data Hub

MAY 9, 2023

Over the past decade, deep learning arose from a seismic collision of data availability and sheer compute power, enabling a host of impressive AI capabilities. ” These large models have lowered the cost and labor involved in automation. We stand on the frontier of an AI revolution.

Enterprise 128

Enterprise Technology Modeling Cost-Benefit 128

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

CIO Business Intelligence

JUNE 2, 2022

Among the hot technologies, artificial intelligence and machine learning — a subset of AI that that makes more accurate forecasts and analysis as it ingests data — continue to be of high interest as banks keep a strong focus on costs while trying to boost customer experience and revenue. AI enhances operational efficiency.

Predictive Analytics 140

Predictive Analytics Technology Analytics Machine Learning 140

CIO Business Intelligence

APRIL 24, 2023

How we got here The most notable enabling technologies in generative AI are deep learning, embeddings, transfer learning (all of which emerged in the early to mid-2000s), and neural net transformers (invented in 2017). Deep learning emerged in academia in the early 2000s, with broader industry adoption starting around 2010.

Enterprise 52

Enterprise Deep Learning Modeling Machine Learning 52

Smart Data Collective

DECEMBER 9, 2021

Accounting leaders in firms across the country are recognizing the benefits of letting employees work from home, not just for safety’s sake, but for morale as well. Deep learning has been especially useful for small business accounting. The cloud has been very important in these changes.

Technology 123

Technology Big Data Machine Learning Deep Learning 123

IBM Big Data Hub

FEBRUARY 13, 2024

Generative AI represents a significant advancement in deep learning and AI development, with some suggesting it’s a move towards developing “ strong AI.” It assists in structural optimization which ensures that products are strong, durable and use minimal material, leading to considerable cost reductions.

Enterprise 119

Enterprise Modeling Testing Data-driven 119

O'Reilly on Data

JULY 28, 2020

This isn’t always simple, since it doesn’t just take into account technical risk; it also has to account for social risk and reputational damage. 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).

Marketing 363

Marketing Experimentation Metrics Testing 363

IBM Big Data Hub

AUGUST 28, 2023

Text mining —also called text data mining—is an advanced discipline within data science that uses natural language processing (NLP) , artificial intelligence (AI) and machine learning models, and data mining techniques to derive pertinent qualitative information from unstructured text data. What is text mining?

Data mining 53

Data mining Machine Learning Deep Learning Marketing 53

IBM Big Data Hub

JULY 17, 2023

Currently chat bots are relying on rule-based systems or traditional machine learning algorithms (or models) to automate tasks and provide predefined responses to customer inquiries. However, executives are also concerned about navigating risks such as bias, ethics and security.

Consulting 54

Consulting Machine Learning Deep Learning Cost-Benefit 54

Smart Data Collective

FEBRUARY 21, 2021

Deep learning tech is influencing and enhancing many industries, promising to provide insights into key business operations which were not previously possible to unearth. One of the biggest applications of this technology lies with using deep learning to streamline fleet management. Route adjustments made in real time.

Deep Learning 97

Deep Learning Management Cost-Benefit Manufacturing 97

Domino Data Lab

JULY 28, 2021

There are many software packages that allow anyone to build a predictive model, but without expertise in math and statistics, a practitioner runs the risk of creating a faulty, unethical, and even possibly illegal data science application. This almost always results in lack of adoption, and can also expose an organization to risk.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

Sisense

AUGUST 6, 2020

So what are the high-level steps to incorporate AI and machine learning into new and existing products? Improving customer experience and reducing cost in a single step sounds impossible, but this is exactly what correctly implemented AI can achieve. An underfitted model is inflexible and doesn’t learn well.

Management 95

Management Machine Learning Key Performance Indicator Cost-Benefit 95

Ontotext

MAY 22, 2023

This is the case with the so-called intelligent data processing (IDP), which uses a previous generation of machine learning. LLMs do most of this better and with lower cost of customization. We use other deep learning techniques for such tasks. So what are the benefits of a knowledge graph-based CMS for enterprises?

Management 59

Management Unstructured Data Metadata Cost-Benefit 59

IBM Big Data Hub

SEPTEMBER 27, 2023

Large language models (LLMs) are foundation models that use artificial intelligence (AI), deep learning and massive data sets, including websites, articles and books, to generate text, translate between languages and write many types of content. What are the benefits of open source LLMs? It trained on a dataset containing 1.5

Risk 91

Risk Modeling Cost-Benefit Enterprise 91

Domino Data Lab

JULY 2, 2019

Part of the back-end processing needs deep learning (graph embedding) while other parts make use of reinforcement learning. Here’s a sampler of related papers and articles if you’d like to dig in further: “ Synthesizing Programs with Deep Learning ” – Nishant Sinha (2017-03-25). “ Software writes Software?

Metadata 105

Metadata Machine Learning Data Science Data-driven 105

IBM Big Data Hub

FEBRUARY 19, 2024

Financial benefits include increased revenue through the creation of adjacent industry business models, accessing new markets to establish more revenue streams, and growing existing revenue. Cost optimization can be achieved through a combination of productivity enhancements, infrastructure savings and reductions in operating expenses.

Cost-Benefit 63

Cost-Benefit Data-driven Optimization Marketing 63

IBM Big Data Hub

OCTOBER 20, 2023

Artificial intelligence platforms enable individuals to create, evaluate, implement and update machine learning (ML) and deep learning models in a more scalable way. AI platform tools enable knowledge workers to analyze data, formulate predictions and execute tasks with greater speed and precision than they can manually.

Machine Learning 71

Machine Learning Manufacturing Cost-Benefit Deep Learning 71

IBM Big Data Hub

NOVEMBER 14, 2023

This growth could be internal cost effectiveness, stronger risk compliance, increasing the economic value of a partner ecosystem, or through new revenue streams. Realizing that value is the activity that ensures there is an economic benefit from the created value that contributes to the organization’s bottom line.

Strategy 104

Strategy Cost-Benefit Data-driven Measurement 104

CIO Business Intelligence

MARCH 22, 2023

The new class often uses advanced techniques such as deep learning, natural language processing, and computer vision to analyze and extract insights from the data. Limitation : While training with differential privacy has benefits, it still requires the data scientist’s access to large volumes of plain-text data.

Machine Learning 100

Machine Learning Cost-Benefit Modeling Risk 100

IBM Big Data Hub

MAY 9, 2023

After some impressive advances over the past decade, largely thanks to the techniques of Machine Learning (ML) and Deep Learning , the technology seems to have taken a sudden leap forward. For AI to be truly transformative, as many people as possible should have access to its benefits. Trust is one part of the equation.

Data Warehouse 106

Data Warehouse Machine Learning Cost-Benefit Metadata 106

IBM Big Data Hub

JANUARY 10, 2024

Today’s AI technology has a range of use cases across various industries; businesses use AI to minimize human error, reduce high costs of operations, provide real-time data insights and improve the customer experience, among many other applications.

Unstructured Data 75

Unstructured Data Deep Learning Cost-Benefit Machine Learning 75

Smart Data Collective

MAY 17, 2021

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. Organizations have already realized this. billion by the end of 2025 , up from $3.8 billion in 2018.

Big Data 101

Big Data Cost-Benefit IoT Machine Learning 101