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. It also allows companies to offload large amounts of data from their networks by hosting it on remote servers anywhere on the globe.

Technology 134

Technology Enterprise Cost-Benefit Testing 134

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 128

Enterprise Cost-Benefit Unstructured Data Software 128

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. FMs are multimodal; they work with different data types such as text, video, audio, and images.

Data Lake 90

Data Lake Unstructured Data Management Modeling 90

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 110

Cost-Benefit Enterprise Unstructured Data Technology 110

CIO Business Intelligence

SEPTEMBER 21, 2023

AI is now a board-level priority Last year, AI consisted of point solutions and niche applications that used ML to predict behaviors, find patterns, and spot anomalies in carefully curated data sets. Today’s foundational models are jacks-of-all-trades. All of PwC’s clients are having this discussion, he says. Then gen AI came out.

Enterprise 127

Enterprise Consulting Modeling Cost-Benefit 127

CIO Business Intelligence

JULY 14, 2023

Whether it’s text, images, video or, more likely, a combination of multiple models and services, taking advantage of generative AI is a ‘when, not if’ question for organizations. But many organizations are limiting use of public tools while they set policies to source and use generative AI models.

Modeling 86

Modeling Machine Learning Cost-Benefit B2B 86

Octopai

MARCH 22, 2023

This makes it an ideal platform for organizations that handle sensitive data. Cost: Snowflake’s pricing model is based on usage, which means you only pay for what you use. This can be more cost-effective than traditional data warehousing solutions that require a significant upfront investment.

Cost-Benefit 78

Cost-Benefit Data Warehouse Unstructured Data Optimization 78

IBM Big Data Hub

AUGUST 28, 2023

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth. What is text mining?

Data mining 57

Data mining Machine Learning Deep Learning Marketing 57

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. The pathway forward doesn’t require ripping everything out but building a semantic “graph” layer across data to connect the dots and restore context.

IT 69

IT Cost-Benefit Data-driven Technology 69

Ontotext

JANUARY 6, 2021

According to this article , it costs $54,500 for every kilogram you want into space. It has been suggested that their Falcon 9 rocket has lowered the cost per kilo to $2,720. They were facing three different data silos of half a million documents full of clinical study data.

Metadata 59

Metadata Unstructured Data Cost-Benefit Enterprise 59

FineReport

APRIL 26, 2023

A company’s ability to collect and handle big data effectively is directly related to its growth rate, as big data offers numerous advantages that cannot be ignored. Market Insight : Analyzing big data can help businesses understand market demand and customer behavior. How to Choose the Right Big Data Analytics Tools?

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

CIO Business Intelligence

AUGUST 17, 2023

We’ve been shortlisting and building out potential proof-of-concept options and modelling revenue impact and already taken one concept through our innovation lab and into live production.” It’s made my life easier because it allows me to write documents and make them richer, but if you rely on this beast it can bite you.

Risk 89

Risk Cost-Benefit Strategy Experimentation 89

Ontotext

MARCH 18, 2020

According to an article in Harvard Business Review , cross-industry studies show that, on average, big enterprises actively use less than half of their structured data and sometimes about 1% of their unstructured data.

Enterprise 59

Enterprise B2B Unstructured Data Machine Learning 59

Sisense

MARCH 20, 2019

As a company that touts the benefits of a full end-to-end BI solution, we certainly know the value of a data engineer. The data engineer’s job is to extract, clean, and normalize data, clearing the path for data scientists to explore that data and build models.

Big Data 72

Big Data Machine Learning Data Warehouse Unstructured Data 72

IBM Big Data Hub

AUGUST 1, 2023

True to their name, generative AI models generate text, images, code , or other responses based on a user’s prompt. Organizations that utilize them correctly can see a myriad of benefits—from increased operational efficiency and improved decision-making to the rapid creation of marketing content.

Modeling 60

Modeling Cost-Benefit Data Lake Machine Learning 60

Ontotext

MAY 22, 2023

What is the future of knowledge graphs in the era of ChatGPT and Large Language Models? To start with, Large Language Models (LLM) will not replace databases. They are good for compressing information, but one cannot retrieve from such a model the same information that it got trained on. That’s something that LLMs cannot do.

Management 59

Management Unstructured Data Metadata Cost-Benefit 59

O'Reilly on Data

SEPTEMBER 19, 2023

.” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” A single document may represent thousands of features.

Machine Learning 247

Machine Learning Testing Modeling Cost-Benefit 247

Cloudera

NOVEMBER 14, 2023

According to the Center for American Progress , “The costs to the US associated with childhood poverty total about $500 billion per year, or the equivalent of nearly 4 percent of GDP.” percent of GDP Raises the costs of crime by 1.3 They state the annual effects of childhood poverty: Reduces productivity and economic output by about 1.3

Cost-Benefit 73

Cost-Benefit Unstructured Data Data-driven Risk 73

bridgei2i

AUGUST 2, 2020

There are documents including images, emails etc. In the post-COVID world, tasks requiring people gathering together in one location and manual processes such as physical verification of claim or printed copies of documents to be authenticated would be seriously called into question. that need to be checked.

Digital Transformation 95

Digital Transformation Insurance Unstructured Data Cost-Benefit 95

Cloudera

NOVEMBER 18, 2021

Every one of our 22 finalists is utilizing cloud technology to push next-generation data solutions to benefit the everyday people who need it most – across industries including science, health, financial services and telecommunications. taxpayer details and needs to quickly analyze petabytes of data across hundreds of servers.

Data Lake 74

Data Lake Cost-Benefit Digital Transformation Risk 74

Alation

APRIL 6, 2023

Data governance is traditionally applied to structured data assets that are most often found in databases and information systems. This blog focuses on governing spreadsheets that contain data, information, and metadata, and must themselves be governed. How do spreadsheet users benefit from Alation Connected Sheets ?

Data Governance 52

Data Governance Metadata Cost-Benefit Structured Data 52

Sisense

JULY 22, 2020

Traditionally all this data was stored on-premises, in servers, using databases that many of us will be familiar with, such as SAP, Microsoft Excel , Oracle , Microsoft SQL Server , IBM DB2 , PostgreSQL , MySQL , Teradata. However, cloud computing has grown rapidly because it offers more flexible, agile, and cost-effective storage solutions.

Slice and Dice 98

Slice and Dice Digital Transformation Data Warehouse Data Lake 98

Domino Data Lab

JULY 2, 2019

Paco Nathan ‘s latest article covers program synthesis, AutoPandas, model-driven data queries, and more. In other words, using metadata about data science work to generate code. The authors of AutoPandas observed that: The APIs for popular data science packages tend to have relatively steep learning curves.

Metadata 105

Metadata Machine Learning Data Science Data-driven 105

Grooper

AUGUST 19, 2019

C-level executives and professionals alike must learn to speak a new language - data. The benefit of speaking data, a.k.a. The reason data literacy plays such an important role in choosing the right technology solutions is that it directly impacts the quality of the requirements list. Master data management.

Analytics 54

Analytics Machine Learning Data Science Data-driven 54

AWS Big Data

JUNE 9, 2023

A modern data architecture enables companies to ingest virtually any type of data through automated pipelines into a data lake, which provides highly durable and cost-effective object storage at petabyte or exabyte scale.

Data Lake 113

Data Lake Metadata Optimization Statistics 113

Cloudera

OCTOBER 7, 2021

Within the context of a data mesh architecture, I will present industry settings / use cases where the particular architecture is relevant and highlight the business value that it delivers against business and technology areas. need to integrate multiple “point solutions” used in a data ecosystem) and organization reasons (e.g.,

Metadata 122

Metadata Cost-Benefit Enterprise Interactive 122

CIO Business Intelligence

JULY 6, 2023

Organizations can reap a range of benefits from deploying automation tools such as robotic process automation (RPA). Classic examples are the use of AI to capture and convert semi-structured documents such as purchase orders and invoices, Fleming says.

Cost-Benefit 116

Cost-Benefit Technology Unstructured Data Testing 116

CIO Business Intelligence

SEPTEMBER 20, 2023

Most commonly, organizations developing plans for generative AI are opting to fine-tune third-party models like OpenAI’s GPT 4.0, LLaMA from Meta, Google LaMDA, or Amazon’s Titan series, with their own proprietary data. Which means that no model will have the power to make decisions. For now, at least. May I help you?

Insurance 122

Insurance Unstructured Data Cost-Benefit Interactive 122

Alation

NOVEMBER 22, 2022

This is why public agencies are increasingly turning to an active governance model, which promotes data visibility alongside in-workflow guidance to ensure secure, compliant usage. An active data governance framework includes: Assigning data stewards. Standardizing data formats. Efficient Access To Data.

Data Governance 52

Data Governance Metadata Data-driven Unstructured Data 52

Smart Data Collective

MARCH 16, 2020

The effort is laudable and realistic, but he needs to come up with a solution to contain costs. Deep learning is likely to play an essential role in keeping costs in check. Bernie Sanders needs to talk more about ways that he can control costs before passing Medicare for All. This will be essential for all countries.

Deep Learning 79

Deep Learning Unstructured Data Cost-Benefit Big Data 79