Cloudera

OCTOBER 18, 2023

And just as financial services experiences its cycles, this time of year I find myself returning to the topic of cost reduction. These cutting-edge technologies provide lower-cost alternatives for discovering efficiencies within financial operations, all while enhancing the quality of services offered.

Cost-Benefit 75

Cost-Benefit Testing Machine Learning Optimization 75

CIO Business Intelligence

FEBRUARY 20, 2024

Microsoft Copilot brings the power of large language models (LLMs) directly into the applications agencies already use, enabling powerful productivity tools to be harnessed through simple words and phrases. There are also obvious benefits for new workers. What’s more, the technology is available right now. Generative AI, Innovation

Cost-Benefit 105

Cost-Benefit Interactive Reporting Data-driven 105

CIO Business Intelligence

DECEMBER 19, 2023

To protect employee benefits and guard against mismanagement of funds, the US government in 1974 established the Employee Retirement Income Security Act (ERISA). Not every bond has to comply with ERISA, but benefits administrators use ERISA to ensure that bonds meet internal rules,” says Soundarapandian.

Risk 52

Risk Cost-Benefit Unstructured Data Data-driven 52

CIO Business Intelligence

JANUARY 22, 2024

According to a recent analysis by EXL, a leading data analytics and digital solutions company, healthcare organizations that embrace generative AI will dramatically lower administration costs, significantly reduce provider abrasion, and improve member satisfaction. The timing could not be better.

Cost-Benefit 105

Cost-Benefit Digital Transformation Data-driven Interactive 105

CIO Business Intelligence

NOVEMBER 21, 2023

Set parameters and emphasize collaboration To address one root cause of shadow IT, CIOs must also establish a governance and delivery model for evaluating, procuring, and implementing department technology solutions. People generally want to comply with policies, but being too stringent and creating too much friction often leads to shadow IT.

IT 137

IT Risk Cost-Benefit Risk Management 137

AWS Big Data

JANUARY 9, 2024

Lexical search In lexical search, the search engine compares the words in the search query to the words in the documents, matching word for word. Traditional lexical search, based on term frequency models like BM25, is widely used and effective for many search applications. Only items that have words the user typed match the query.

Cost-Benefit 88

Cost-Benefit Visualization Modeling Machine Learning 88

CIO Business Intelligence

FEBRUARY 15, 2024

Even moving from a paper document to a file can be challenging. Graded’s Ardolino says that when he presents a project to top management, he starts with a descriptive overview and then combines KPIs that can measure the estimated positive impact in different business areas, for example reduction in man hours or the benefits of data retrieval.

Strategy 134

Strategy Digital Transformation Cost-Benefit Forecasting 134

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Rocket-Powered Data Science

FEBRUARY 15, 2023

While generative AI has been around for several years , the arrival of ChatGPT (a conversational AI tool for all business occasions, built and trained from large language models) has been like a brilliant torch brought into a dark room, illuminating many previously unseen opportunities. So, if you have 1 trillion data points (g.,

Strategy 289

Strategy Experimentation Uncertainty Machine Learning 289

erwin

AUGUST 15, 2022

For NoSQL, data lakes, and data lake houses—data modeling of both structured and unstructured data is somewhat novel and thorny. As with the part 1 and part 2 of this data modeling blog series, the cloud is not nirvana. Static over-provisioning or dynamic scaling will run up monthly cloud costs very quickly on a bad design.

Data Lake 52

Data Lake Modeling Unstructured Data Data Warehouse 52

CIO Business Intelligence

APRIL 4, 2024

Some prospective projects require custom development using large language models (LLMs), but others simply require flipping a switch to turn on new AI capabilities in enterprise software. “AI A human reviews it to make sure it makes sense, and if it does, the AI incorporates that into the learning model,” she says.

Enterprise 134

Enterprise Cost-Benefit Forecasting Strategy 134

IBM Big Data Hub

FEBRUARY 13, 2024

For example, organizations can use generative AI to: Quickly turn mountains of unstructured text into specific and usable document summaries, paving the way for more informed decision-making. This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task.

Enterprise 129

Enterprise Modeling Testing Data-driven 129

CIO Business Intelligence

NOVEMBER 5, 2023

But it is only one of the many benefits, and there are more to take into account: Reduced Development Costs. The same Forrester report notes that organisations using low-code can realise cost savings of up to 90 percent in application development and maintenance. Empowering Citizen Developers. Better quality code. Expertise.

Digital Transformation 143

Digital Transformation Cost-Benefit Data Processing Software 143

CIO Business Intelligence

MARCH 12, 2024

Early use cases include code generation and documentation, test case generation and test automation, as well as code optimization and refactoring, among others. But early returns indicate the technology can provide benefits for the process of creating and enhancing applications, with caveats.

Software 131

Software Experimentation Testing Cost-Benefit 131

CIO Business Intelligence

MAY 23, 2023

Our goal will be to achieve this multi-cloud strategy in a way that is cost-neutral to customers, while allowing them to choose where they want to run applications or workloads. Broadcom’s business model is based on the thesis that the technology we develop is a roadmap, is evolutionary, and gets better with time.

Uncertainty 145

Uncertainty Cost-Benefit Risk Technology 145

IBM Big Data Hub

JANUARY 26, 2024

hereafter as Shuto Technology) to help a joint venture Original Equipment Manufacturer (OEM) in China to obtain information in an accurate and cost-effective way for on-site technicians. IBM® recently announced that it has worked with its business partner, Beijing Shuto Technology Co.,

Cost-Benefit 82

Cost-Benefit Enterprise Technology KPI 82

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. The model enables easy transfer of cloud services between different geographic regions, either onshore or offshore. Multi-cloud computing.

Technology 133

Technology Enterprise Cost-Benefit Testing 133

CIO Business Intelligence

DECEMBER 19, 2023

Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control. Many technology investments are merely transitionary, taking something done today and upgrading it to a better capability without necessarily transforming the business or operating model.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

AWS Big Data

NOVEMBER 17, 2023

In this post, we look into an optimal and cost-effective way of incorporating dbt within Amazon Redshift. For more information, refer SQL models. Tests – These are assertions you make about your models and other resources in your dbt project (such as sources, seeds, and snapshots).

Snapshot 87

Snapshot Data Processing Testing Data Warehouse 87

CIO Business Intelligence

SEPTEMBER 29, 2023

That’s because generative AI large language models (LLMs) have prowess in text-based generation, readily finding language and word patterns. Key results included a 30x reduction in the number of missed fraud transactions with a 3x reduction in hardware cost. Regulatory compliance. Automation.

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

CIO Business Intelligence

NOVEMBER 1, 2023

SAP doesn’t want to build those tools from scratch itself: “We definitely want to leverage what’s already out there,” Sun said, noting there are already many large language models (LLMs) it can build on, adding its own prompting, fine tuning, and data embedding to get those models to business customers quickly.

Enterprise 132

Enterprise Cost-Benefit Unstructured Data Software 132

datapine

SEPTEMBER 29, 2022

Paired to this, it can also: Improved decision-making process: From customer relationship management, to supply chain management , to enterprise resource planning, the benefits of effective DQM can have a ripple impact on an organization’s performance. These needs are then quantified into data models for acquisition and delivery.

Data Quality 241

Data Quality Metrics Data-driven Management 241

Smart Data Collective

NOVEMBER 15, 2022

There are a plethora of benefits, but companies have to make sure that they store their data on the cloud properly. From increased security to lower costs, there are many benefits to storing data in the cloud. You can’t ignore the benefits of moving to the cloud. Lower Costs. Increased Security.

Cost-Benefit 109

Cost-Benefit Software Reporting Technology 109

Smart Data Collective

SEPTEMBER 13, 2022

In today’s more competitive, technology-driven corporate environment, all firms seeking to increase activity and productivity are reaping the benefits of the software world. The SaaS business model is gaining acceptance throughout the world. Many firms prefer to embrace SaaS solutions because of the benefits they provide.

Cost-Benefit 103

Cost-Benefit Data Processing Software Data-driven 103

Smart Data Collective

MAY 1, 2022

In this age of the internet, we come across enough text that will cost us an entire lifetime to read. This problem will not stop as more documents and other types of information are collected and stored. But with text analysis tools, information in the form of emails, documents, and more can be easily structured.

Cost-Benefit 117

Cost-Benefit Unstructured Data Machine Learning Marketing 117

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 102

Reporting Cost-Benefit Internet of Things Data-driven 102

CIO Business Intelligence

APRIL 1, 2024

Taking that agile approach and breaking down big projects into those smaller deliverables also means the business sees benefits and ROI faster, says Arijeet Roy, a partner at Guidehouse. One of the biggest uses for gen AI is solving for the millions of lines of code that we still use and that doesn’t have any documentation.”

Strategy 140

Strategy IT Digital Transformation ROI 140

CIO Business Intelligence

APRIL 2, 2024

HBR’s “ The Value of Digital Transformation ” reports, “While 89% of large companies globally have a digital and AI transformation underway, they have only captured 31% of the expected revenue lift and 25% of expected cost savings from the effort.” While the CIO sees the big picture, their peers need to know how the change will benefit them.”

Management 140

Management Digital Transformation Testing Experimentation 140

AWS Big Data

MARCH 25, 2024

Foundation models (FMs) are large machine learning (ML) models trained on a broad spectrum of unlabeled and generalized datasets. This scale and general-purpose adaptability are what makes FMs different from traditional ML models. As new data appears, you will have to continuously fine-tune or further train the model.

Data Lake 86

Data Lake Unstructured Data Management Modeling 86

Ontotext

FEBRUARY 14, 2024

CEEL is an end-to-end transformer-based model that includes mention detection and uses entity types and entity descriptions to perform entity linking. Out of the box, the model links to Wikidata IDs. That’s why such models must use context in order to differentiate between entities, just as humans do.

Cost-Benefit 52

Cost-Benefit Modeling Metadata Optimization 52

IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

Cost-Benefit 62

Cost-Benefit Risk Management Risk Digital Transformation 62

CIO Business Intelligence

DECEMBER 11, 2023

Other countries, including the US and the UK , are also working on regulations to govern AI so they can benefit from the technology while mitigating the risks. Restrictions on GPAIS The growing popularity and adoption of GPAIS, such as ChatGPT, has pushed the authorities to accelerate the introduction of the governance model.

Risk 127

Risk Testing Insurance Cost-Benefit 127

erwin

JANUARY 28, 2021

Enterprise architecture (EA) helps align business and IT efforts by documenting and mapping data, applications and assets to the functions they support. EA certifications serve as proof that an enterprise architect is familiar with these frameworks – benefiting both the organization and the EA professional. Think about it.

Enterprise 103

Enterprise Cost-Benefit Modeling Marketing 103

CIO Business Intelligence

SEPTEMBER 21, 2023

Today’s foundational models are jacks-of-all-trades. With a pre-trained model, you can bring it into HR, finance, IT, customer service—all of us are touched by it.” It doesn’t matter how accurate an AI model is, or how much benefit it’ll bring to a company if the intended users refuse to have anything to do with it.

Enterprise 130

Enterprise Consulting Modeling Cost-Benefit 130

CIO Business Intelligence

MARCH 9, 2023

IT leaders may find that prices are going up without an accompanying increase in benefits, with technology providers — less dependent on any one industry or geography — taking a harder line on deals, says Achint Arora, a partner in the pricing assurance practice at Everest Group. What’s more, technology contracts are often multilayered.

Cost-Benefit 116

Cost-Benefit Risk Uncertainty Technology 116

CIO Business Intelligence

JANUARY 16, 2024

At Fidelity, early returns are proving fruitful for cost savings and increased efficiencies, said Vipin Mayar, the finserv’s head of AI innovation, at the Chief AI Officer Summit in Boston in December. More benefit may come from a process or technology improvement instead of broad application of AI to ‘fix’ problems,” he says.

Cost-Benefit 130

Cost-Benefit Enterprise Unstructured Data Technology 130

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. Models are sent to IT but are not making it into production.

Cost-Benefit 98

Cost-Benefit Machine Learning Modeling Risk 98