IBM Big Data Hub

FEBRUARY 7, 2024

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. As more companies set broad environmental, social and governance (ESG) goals, finding a way to track and accurately document progress is increasingly important.

Reporting 99

Reporting Cost-Benefit Internet of Things Data-driven 99

CIO Business Intelligence

APRIL 21, 2022

You might have heard that if you can’t measure you can’t manage. That’s a fringe benefit. This is followed by Lewis’s 2nd Law of Metrics: You get what you measure – that’s the risk you take. Anything you don’t measure, you don’t get. With this caveat: Some measures are subjective. Guilt no more.

Metrics 103

Metrics IT Cost-Benefit Measurement 103

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

JULY 6, 2023

One thing is for sure – meeting ESG goals can drive value if it can be done consistently, with automation and minimal costs. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees.

Cost-Benefit 95

Cost-Benefit Risk Digital Transformation Risk Management 95

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. Benefits: Improved efficiency Reduced cost Enhanced transparency Customer relationship management (CRM) BPR is a pivotal strategy for organizations that want to overhaul their customer relationship management (CRM) processes.

Cost-Benefit 54

Cost-Benefit Finance Optimization Key Performance Indicator 54

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. Capturing data from documents. Estimation of vehicle repair costs. billion from the insurance industry.

Insurance 132

Insurance Cost-Benefit Big Data Unstructured Data 132

Smart Data Collective

AUGUST 30, 2022

The sudden growth is not surprising, because the benefits of the cloud are incredible. Cloud technology results in lower costs, quicker service delivery, and faster network data streaming. For example, e-mail messages and documents are stored in the cloud, giving users access to their data from any location. Before you go.

Technology 132

Technology Enterprise Cost-Benefit Testing 132

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)? (2) Why should your organization be doing it and why should your people commit to it? (3) In short, you must be willing and able to answer the seven WWWWWH questions (Who?

Strategy 289

Strategy Experimentation Uncertainty Machine Learning 289

CIO Business Intelligence

OCTOBER 6, 2022

As an IT leader, being able to foster innovation not only benefits the IT itself, with greater efficiency, effectiveness and value, but the organization it serves and you personally, as it illustrates your ability to be an internal agent of change, a true business partner, and an asset at the strategy table. It’s not fair, but we do it too!

IT 145

IT Cost-Benefit ROI Software 145

Smart Data Collective

MAY 25, 2023

Fortunately, there are a number of measures that small businesses can take to protect their sensitive information from unauthorized access. Additionally, cybercrime costs SMEs over $2.2 Cybercriminals target these businesses primarily due to their resource inadequacy and often lack of progressive cyber security measures.

Internet of Things 88

Internet of Things Cost-Benefit Risk Software 88

datapine

JANUARY 6, 2022

Yet, before any serious data interpretation inquiry can begin, it should be understood that visual presentations of data findings are irrelevant unless a sound decision is made regarding scales of measurement. Interval: a measurement scale where data is grouped into categories with orderly and equal distances between the categories.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

datapine

JUNE 15, 2023

Keep reading to find a definition, benefits, examples, and some key best practices to generate them successfully! There is no need to jump from one document to another or drown in infinite spreadsheets. Let’s dive deeper into the benefits below. This time, including valuable forecasts for costs and income.

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

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. They must be accompanied by documentation to support compliance-based and operational auditing requirements.

Data Governance 142

Data Governance Management Metadata Data Quality 142

Cloudera

JUNE 22, 2023

These dis-integrated resources are “data platforms” in name only: in addition to their high maintenance costs, their lack of interoperability with other critical systems makes it difficult to respond to business change. The top-line benefits of a hybrid data platform include: Cost efficiency. Simplified compliance.

Cost-Benefit 66

Cost-Benefit Digital Transformation Data Governance Unstructured Data 66

IBM Big Data Hub

AUGUST 18, 2023

The Digital Operational Resilience Act , or DORA, is a European Union (EU) regulation that created a binding, comprehensive information and communication technology (ICT) risk-management framework for the EU financial sector. Entities will also be expected to put appropriate cybersecurity protection measures in place. In the U.S.,

Cost-Benefit 81

Cost-Benefit Testing Strategy Risk Management 81

AWS Big Data

MARCH 12, 2024

We share our benchmarking results and methodology, and insights into the cost-effectiveness of EMR Serverless vs. fixed capacity Amazon EMR on EC2 transient clusters on our data workflows orchestrated using Amazon Managed Workflows for Apache Airflow (Amazon MWAA). Platform improvement aims to attain efficiency at the company level.

Cost-Benefit 92

Cost-Benefit Optimization Big Data Metrics 92

erwin

JUNE 26, 2020

Data catalogs combine physical system catalogs, critical data elements, and key performance measures with clearly defined product and sales goals in certain circumstances. You also can manage the effectiveness of your business and ensure you understand what critical systems are for business continuity and measuring corporate performance.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132

CIO Business Intelligence

MARCH 13, 2024

So when on-boarding potential vendors, productivity has increased by 70 to 80% as a result of using gen AI to help analyze masses of documents. “We But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. Still, he urges companies to look beyond measurements of coding speed.

IT 124

IT Consulting Testing Cost-Benefit 124

Alation

FEBRUARY 14, 2023

And a data breach poses more than just a PR risk — by violating regulations like GDPR , a data leak can impact your bottom line, too. The role of monitoring, measuring, and metrics So, you’ve got the first step done; you’ve implemented data governance and everyone in your organization is on board.

Data Governance 52

Data Governance ROI Metrics Cost-Benefit 52

CIO Business Intelligence

DECEMBER 5, 2022

Each phase intersects with any of 10 knowledge areas, which include: integration, scope, time, cost, quality, human resources, communication, risk procurement, and stakeholder management. Costs management: Estimate costs, determine budgets. Costs management: Controlling project costs. Budget for surprises.

Management 132

Management Cost-Benefit Key Performance Indicator Software 132

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. It is important for companies employing ML in these situations to understand how this all fits into the overall risk profile of the company.

Consulting 296

Consulting Risk Cost-Benefit Modeling 296

DataRobot

NOVEMBER 16, 2021

As we’ve discussed in this blog series, some are already reaping the rewards of AI through increased productivity, cost savings, etc. Most of these leading organizations have significant AI investments, but their path to tangible benefits is challenging, to say the least. What is MLOps? Issues with Deployment.

Cost-Benefit 98

Cost-Benefit Machine Learning Modeling Risk 98

CIO Business Intelligence

DECEMBER 11, 2023

But ensuring those and other measures are taken into consideration is a weighty task that CIOs will be grappling with as AI becomes integral to how people work and conduct business. This team establishes the company’s risk tolerance, acceptable use cases and restrictions, and applicable disclosures.

Modeling 128

Modeling Risk Strategy Software 128

CIO Business Intelligence

SEPTEMBER 20, 2023

The writing process builds trust, and a documented vision builds a shared understanding of priorities. Equally important, the documented vision is a tool for agile teams to make implementation decisions when there are multiple ways to solve problems, each with different benefits and tradeoffs.

Digital Transformation 133

Digital Transformation Uncertainty Metrics Business Objectives 133

BA Learnings

AUGUST 7, 2021

In addition to that, the risk assessment will not be carried out properly, and you won’t know what pitfalls lie ahead until you’re already knee-deep in the problem. You consider intelligent document processing software now. Digital transformation offers many benefits for your business. If not, you should.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

IBM Big Data Hub

FEBRUARY 23, 2024

Organizations must document the legal basis for every processing operation before beginning. Create a recordkeeping system Organizations with more than 250 employees, and companies of any size that regularly process data or handle high-risk data, must keep written electronic records of their processing activities.

Measurement 83

Measurement Risk Data Collection Data Processing 83

CIO Business Intelligence

SEPTEMBER 21, 2023

The phrase “existential risk” is now everywhere—not in the sense the AI would destroy humanity, but that it would make business functions, or even entire companies, obsolete. If you take something slightly risky and make it a thousand times bigger, the risks are amplified,” he says. But it’s a sign of what’s to come. “If

Enterprise 126

Enterprise Consulting Modeling Cost-Benefit 126

CIO Business Intelligence

AUGUST 17, 2023

But, as with any big new wave, there is a risk of once-promising projects being washed up and there are clear and obvious concerns over governance, quality and security. We ran workshops with every division of our business, educating them on the accelerating innovation in this area, brainstorming opportunities and risks.

Risk 98

Risk Cost-Benefit Strategy Experimentation 98

CIO Business Intelligence

FEBRUARY 13, 2023

Measure performance of the current process by establishing a data collection plan to determine defects and gather metrics. At this stage, it’s important to establish performance baselines, future goals, and how performance will be measured. Control the new process to avoid falling into old habits and to ensure it stays on track.

Management 97

Management Statistics Manufacturing Measurement 97

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 90

Cost-Benefit Modeling Manufacturing Interactive 90

O'Reilly on Data

JULY 28, 2020

These measures are commonly referred to as guardrail metrics , and they ensure that the product analytics aren’t giving decision-makers the wrong signal about what’s actually important to the business. When a measure becomes a target, it ceases to be a good measure ( Goodhart’s Law ). Any metric can and will be abused.

Marketing 362

Marketing Experimentation Metrics Testing 362

CIO Business Intelligence

JANUARY 23, 2024

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). He suggests, “Choose what you measure carefully to achieve the desired results.

Measurement 140

Measurement Digital Transformation KPI Metrics 140

IBM Big Data Hub

JANUARY 15, 2024

A recent study found that McKinsey research shows that organizations that “launched some flavor of digital transformation,” have only experienced a third of the expected revenue benefits on average. Trend: Cybersecurity By virtue of moving many services online, organizations are at greater risk of digital attacks.

Digital Transformation 78

Digital Transformation Internet of Things IoT Consulting 78

datapine

JANUARY 24, 2021

An average business user and cross-departmental communication will increase its effectiveness, decreasing time to make actionable decisions and, consequently, provide a cost-effective solution. We have used a marketing example, but every department and industry can benefit from a proper data preparation process.

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

NOVEMBER 7, 2022

However, the measure of success has been historically at odds with the number of projects said to be overrunning or underperforming, as Panorama has noted that organizations have lowered their standards of success. While we weren’t naïve to the risk of disruption to the business, the extent and magnitude was greater than we anticipated.”

Manufacturing 124

Manufacturing Cost-Benefit Sales Consulting 124

BA Learnings

JANUARY 11, 2019

If you’re not using BI to your advantage, you risk the following for your business: Missing strategic growth opportunities Failing to take advantage of cost savings Falling down on customer satisfaction Losing your competitive edge …and more. Therefore, a BI strategy is not to be taken lightly or in haste. Let’s look at how to do it.

Business Intelligence 100

Business Intelligence Strategy Key Performance Indicator Cost-Benefit 100

Ontotext

NOVEMBER 2, 2023

It can be accomplished at a fraction of the cost of what organizations spend each year supporting the vast industry of data integration workarounds. While this may yield great benefits for the specific use case, it doesn’t fix the causes behind the “ Bad Data Tax ” that organizations are facing.

IT 69

IT Cost-Benefit Data-driven Technology 69