Smart Data Collective

JULY 9, 2021

What Are the Benefits of Data Analytics in Staffing? The Forbes Research Council showed that there are a lot of great benefits of leveraging big data in human resources. These benefits include the following: Improving workforce planning. It has been shown that big data can minimize employment risks during the hiring process.

Data Analytics 127

Data Analytics Management Analytics Big Data 127

Cloudera

AUGUST 3, 2021

Consider that e-commerce’s acceleration due to the pandemic saw retailers’ digital sales penetration realize 10 years of growth in just the first three months of 2020 alone. . Advanced analytics empower risk reduction . Digital Transformation is not without Risk.

Analytics 111

Analytics Digital Transformation Forecasting Risk 111

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 137

IT Risk Cost-Benefit Risk Management 137

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Specific types of sourcing minimize costs in different ways.

Cost-Benefit 79

Cost-Benefit Scorecard Risk Recreation/Entertainment 79

Smarten

NOVEMBER 28, 2023

And, as McKinsey reports, continuous improvement companies seek to eliminate costs and to empower employees to improve efficiency and growth of product and service innovation. Find out how Augmented Analytics products can help your business plan and forecast for success. There is good reason for these results.

Analytics 67

Analytics Digital Transformation Testing Cost-Benefit 67

CIO Business Intelligence

OCTOBER 3, 2023

Hyperautomation is a key enabler of digital transformation, often touted as being necessary for an organisation’s survival, but often hampered by economic pressures and talent shortages. Another research company, Mordor Intelligence, is forecasting annual CAGR of 19.8 These tools bring benefits beyond automation.

Cost-Benefit 122

Cost-Benefit Machine Learning Interactive Software 122

CIO Business Intelligence

AUGUST 17, 2022

The 2022 KPMG Fraud Outlook report “A Triple Threat Across the Americas” affirmed the increasing challenges; 77% of respondents to the KPMG survey say their cyber risk will grow over the next year. Cybercrime cost U.S. businesses more than $6.9 Furthermore, supply chain vulnerability has become a bigger issue in 2022.

Enterprise 111

Enterprise Cost-Benefit Snapshot Data-driven 111

FineReport

APRIL 9, 2024

Benefits of Healthcare Business Intelligence Tools Improved Decision-Making: Healthcare BI tools enable informed decision-making by providing real-time data analysis and predictive insights. Optimized Operational Efficiency: These tools streamline processes and resource allocation, leading to cost savings and improved resource utilization.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

bridgei2i

JUNE 3, 2020

CTD’s growth over the last two decades was aided by technological innovation and the steady drop of electronics components’ costs, driven by economies of scale. Businesses need to improve their digital channels to welcome and delight users; they need to figure out a way to present an omnichannel experience.

Technology 92

Technology Digital Transformation Recreation/Entertainment Manufacturing 92

IBM Big Data Hub

FEBRUARY 14, 2024

Running on neural networks , computer vision enables systems to extract meaningful information from digital images, videos and other visual inputs. Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). See what’s ahead AI can assist with forecasting.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

Smart Data Collective

SEPTEMBER 13, 2021

This type of big data is used to forecast and for making the right decisions. Investors cannot use it for long-term forecasting and strategizing. However, value investors cannot use broad data to make risk-free decisions since it is not specific enough. That is why investors can forecast long-term trends using big data.

Big Data 107

Big Data Forecasting Cost-Benefit Machine Learning 107

Ontotext

APRIL 6, 2023

More and more companies are using them to improve a variety of tasks from product range specification and risk analysis to supporting self-driving cars. For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. and other technologies for digital transformation of manufacturing systems.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

OCTOBER 24, 2022

“We toyed around with the name: digital brain, central nervous system — for the organization,” he says. “We We said our mission should become making sure anything that has a rating, recommendation or forecast in our organization is enabled by an AI and ML recommendation.” I can never get enough of them,” Bedi says.

Digital Transformation 94

Digital Transformation Machine Learning Cost-Benefit Risk 94

CIO Business Intelligence

SEPTEMBER 8, 2022

Gathering and processing data quickly enables organizations to assess options and take action faster, leading to a variety of benefits, said Elitsa Krumova ( @Eli_Krumova ), a digital consultant, thought leader and technology influencer. This means that all changes, all transitions, are instantaneous.

Cost-Benefit 122

Cost-Benefit Internet of Things Data-driven Data Lake 122

IBM Big Data Hub

JULY 27, 2023

Using EAM data to implement predictive and preventive maintenance programs helps oil and gas companies take a more proactive approach to asset maintenance, reducing unexpected downtime and minimizing costs associated with emergency repairs. It can also significantly increase uptime and lifespan.

Cost-Benefit 55

Cost-Benefit IoT Internet of Things Enterprise 55

Jet Global

NOVEMBER 3, 2020

Digital Transformation. Although many nimble startups have been born in the digital age, well-established organizations across all industries are still relying on legacy systems and paper-based processes. Risk Mitigation and Corporate Social Responsibility. Maximizing Profitability. But not all tax software is the same.

Strategy 84

Strategy Digital Transformation Software Cost-Benefit 84

bridgei2i

MAY 26, 2020

By allowing that, they could have a steady demand forecast based on sensing algorithms and react faster to such events. You are listening to AI to Impact by BRIDGEi2i, a podcast on AI for the Digital Enterprise. You know, one other advice I would give is to really forecast better, right. Subscribe Now. Transcript.

Enterprise 131

Enterprise Management Forecasting Manufacturing 131

bridgei2i

JUNE 30, 2020

I collaborate with multiple stakeholders across many global CPG companies, enabling high impact business transformation strategies and guiding them in their analytics journey. There is a significant shift in the buying channel towards digital e-commerce. And the customers are avoiding the risk of exposure.

Enterprise 98

Enterprise Technology Digital Transformation Manufacturing 98

Jet Global

JUNE 22, 2023

It is viewed as a burden that costs companies money. This strategy will help cut costs and give you a competitive edge against your rivals. Recommended Post: [link] As a CFO, it is your job to address the financial risk of your business. and digital transformation beyond financial management.”

KPI 105

KPI Finance Dashboards Digital Transformation 105

CIO Business Intelligence

FEBRUARY 13, 2023

Hot: AI and VR/AR With digital transformations moving at full throttle, and a desire to stay innovative, it should come as no surprise that use cases for virtual reality, augmented reality, and artificial intelligence continue to grow in several verticals. “We IDC is forecasting a 5.1% It’s all about uptime and input.

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

JANUARY 24, 2024

Karen Higgins-Carter, previously CIO of Webster Bank, joined Gilbane just over a year ago as CDIO with the responsibility of digitally transforming this 153-year-old business. We’re in an industry that is ripe for transformation,” says Higgins-Carter, pictured above, center. So they’ll be patient when it comes to ROI.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

CDW Research Hub

OCTOBER 19, 2021

Sirius’ services and solutions capabilities in key growth areas, including Hybrid Infrastructure, Security, Digital and Data Innovation, and Cloud and Managed Services, will enhance the breadth and depth of CDW’s services and solutions offerings. “As Delivering Compelling Strategic and Financial Benefits and Strong Cultural Fit.

Uncertainty 102

Uncertainty Sales Finance Cost-Benefit 102

IBM Big Data Hub

JULY 19, 2023

The industry is under tremendous pressure to accelerate drug development at an optimal cost, automate time- and labor-intensive tasks like document or report creation to preserve employee morale, and accelerate delivery. Supply Chain: Demand forecasting, supply chain optimization, risk assessment and mitigation.

Consulting 59

Consulting Machine Learning Manufacturing Optimization 59

Sisense

JANUARY 13, 2021

Sisense is also being used by the finance team and management to track live sales with forecasted revenues, which is an essential KPI for the business. As the group grew, so did the supply chain that Iain was working with, which in turn meant more costs and data to manage. Truth BI specializes in Business Intelligence.

Sales 95

Sales Dashboards Business Intelligence Cost-Benefit 95

CIO Business Intelligence

APRIL 24, 2024

The first use of generative AI in companies tends to be for productivity improvements and cost cutting. But there are only so many costs that can be cut. CIOs are well positioned to cut costs since they’re usually well acquainted with a company’s digital processes, having helped set them up in the first place.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

IBM Big Data Hub

APRIL 4, 2024

Here are some BPM examples that outline the use cases and benefits of BPM methodology: Business strategy BPM serves as a strategic tool for aligning business processes with organizational goals and objectives. This can uncover internal process improvements, strategic partnership opportunities and potential cost-saving initiatives.

Management 55

Management Cost-Benefit Metrics Consulting 55

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. Data silos: With data spread across multiple clouds and platforms, an organization risks creating data silos. to total $678.8

Strategy 92

Strategy Cost-Benefit Risk Optimization 92

IBM Big Data Hub

JUNE 14, 2023

Smart manufacturing, as part of the digital transformation of Industry 4.0 , deploys a combination of emerging technologies and diagnostic tools (e.g., Smart manufacturing, as part of the digital transformation of Industry 4.0 , deploys a combination of emerging technologies and diagnostic tools (e.g.,

Manufacturing 71

Manufacturing Technology Internet of Things Cost-Benefit 71

erwin

JANUARY 21, 2021

For many of those yet to adopt and adapt, it is a case of “when” not “if” the enterprise will undergo a form of digital transformation requiring data migration to the cloud. For 47 percent of enterprise companies , cost optimization is the main reason they migrate to the cloud. in the transformation of legacy structures.

Data Governance 59

Data Governance Cost-Benefit Digital Transformation Risk 59

Jet Global

NOVEMBER 17, 2021

The purpose of tax and transfer pricing software is to solve the problems faced by teams who are still managing processes, such as forecasting and preparing year-end tax results using manual methods or spreadsheets. The Digital Transformation of Tax Administration. Improve overall financial reporting and forecasts.

Forecasting 52

Forecasting Cost-Benefit Digital Transformation Software 52

Jet Global

MARCH 22, 2023

While embedded dashboards create real value, they can also come with real costs. These costs are not always visible when companies plan for their analytics offering but can significantly impact production, scale, and the speed of bringing analytics to market. What Are the Hidden Costs and Challenges?

Analytics 52

Analytics Cost-Benefit Dashboards Visualization 52

IBM Big Data Hub

OCTOBER 20, 2023

These development platforms support collaboration between data science and engineering teams, which decreases costs by reducing redundant efforts and automating routine tasks, such as data duplication or extraction. Some AI platforms also provide advanced AI capabilities, such as natural language processing (NLP) and speech recognition.

Machine Learning 72

Machine Learning Manufacturing Cost-Benefit Deep Learning 72

Jet Global

NOVEMBER 23, 2020

As a CFO, it is your job to address the financial risk of your business. This blog post talks about the benefits of having an external CFO conduct risk analysis on your business for you. It is viewed as a burden that costs companies money. and digital transformation beyond financial management.”.

KPI 52

KPI Finance Dashboards Data Processing 52

CIO Business Intelligence

APRIL 7, 2023

Finding the right, fit-for-use GenAI model for enterprises is the key to mitigating its risks, dispelling concerns and ushering in GenAI’s mainstream adoption in the enterprise world. That’s because massive amounts of data are required for training, eclipsing deployment speed and time to market, the very benefits GenAI enables.

Enterprise 105

Enterprise Cost-Benefit Modeling Digital Transformation 105

IBM Big Data Hub

JUNE 29, 2023

Manufacturing has undergone a major digital transformation in the last few years, with technological advancements, evolving consumer demands and the COVID-19 pandemic serving as major catalysts for change. Digitalization and Industry 4.0 IDG infographic to understand how you can unlock Industry 4.0

Manufacturing 55

Manufacturing Internet of Things Cost-Benefit Digital Transformation 55

CIO Business Intelligence

APRIL 27, 2023

Preserving trust As enterprises race to adopt generative AI and begin to realize its benefits, there is a simultaneous mandate in play. Organizations must proactively mitigate generative AI’s inherent risks, in areas such as ethics, bias, transparency, privacy and regulatory requirements.

Enterprise 72

Enterprise Insurance Cost-Benefit Digital Transformation 72

Alation

JANUARY 27, 2022

As an organization embraces digital transformation , more data is available to inform decisions. Analytics can identify patterns that depict risks, opportunities, and trends. And historical data can be used to inform predictive analytic models, which forecast the future. What Is the Value of Analytics? Boost Revenue.

Data Governance 52

Data Governance Analytics Cost-Benefit Data-driven 52