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

CIO Business Intelligence

APRIL 6, 2022

Organizations may decide to execute a multi-stage migration rather than undertaking a comprehensive re-architecture as an incremental approach to cloud adoption provides time to refine the approach and effectively demonstrate progress and benefits. Watch Costs. Bring people along on the transformation journey.

Cost-Benefit 52

Cost-Benefit Risk Data-driven ROI 52

IBM Big Data Hub

AUGUST 28, 2023

These are two common methods for text representation: Bag-of-words (BoW): BoW represents text as a collection of unique words in a text document. Term frequency-inverse document frequency (TF-IDF): TF-IDF calculates the importance of each word in a document based on its frequency or rarity across the entire dataset.

Data mining 53

Data mining Machine Learning Deep Learning Marketing 53

CIO Business Intelligence

APRIL 19, 2022

But the real value bonanza comes from maturing a platform that gives business flexibility, operational adaptability, strategic options and resilience at a relatively low cost. Connecting systems with RPA may be trivial, but it has very limited ROI until the business is ready to break the silos and redesign end to end processes.

Digital Transformation 111

Digital Transformation Insurance ROI Business Objectives 111

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. Or even better: “Which marketing campaign that I did this quarter got the best ROI, and how can I replicate its success?”. Giving the most ROI?

IT 317

IT Statistics KPI Data-driven 317

IBM Big Data Hub

JUNE 2, 2023

improved document management capabilities, web portals, mobile applications, data warehouses, enhanced location services, etc.) .” For example, the core systems technology landscape for each state could be a mainframe legacy system with varying degrees of maturity, portability, reliability and scalability.

Consulting 80

Consulting Cost-Benefit Technology ROI 80

CIO Business Intelligence

MAY 1, 2024

Ready to roll It’s shorter to make a list of organizations that haven’t announced their gen AI investments, pilots, and plans, but relatively few are talking about the specifics of any productivity gains or ROI. In life sciences, one customer uses the platform for clinical trial documentation, compliance, and data exploration. “It

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

Cloudera

FEBRUARY 8, 2023

How Bad is Bad Code: The ROI of Fixing Broken Spark Code Once in a while I stumble upon Spark code that looks like it has been written by a Java developer and it never fails to make me wince because it is a missed opportunity to write elegant and efficient code: it is verbose, difficult to read, and full of distributed processing anti-patterns.

Measurement 59

Measurement Testing Cost-Benefit ROI 59

CIO Business Intelligence

DECEMBER 7, 2022

Put simply, it’s no longer a question of if your organization needs to fully optimize its IT production environments, but why haven’t you optimized them already? million in labor costs (contract or permanent) over a three-year period. Building a business case and defining a clear path to ROI.

ROI 97

ROI Cost-Benefit Modeling Data-driven 97

datapine

JANUARY 21, 2020

As a result, BI can benefit the overall evolution as well as the profitability of a company, regardless of niche or industry. Download here the top benefits cheat sheet, and start reporting! Benefits Of Business Intelligence And Reporting. Let’s see what the crucial benefits are: 1. What Is BI Reporting?

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

datapine

JANUARY 18, 2023

A report is a document that presents relevant business information in an organized and understandable format. Businesses use this type of report to spot any issues and define their solutions, or to identify improvement opportunities to optimize their operational efficiency. Let’s get started with a brief report definition.

Reporting 201

Reporting Metrics Dashboards Visualization 201

CIO Business Intelligence

JANUARY 24, 2024

The product — a building or bridge — might be physical but it can be represented digitally, through virtual design and construction, she says, with elements of automation that can optimize and streamline entire business processes for how physical products are delivered to clients. So they’ll be patient when it comes to ROI.

Risk Management 118

Risk Management Risk Management Digital Transformation 118

CIO Business Intelligence

JANUARY 23, 2024

We track KPIs on execution (on-time delivery, cycle time for adoption), risks, outcomes for benefits (time to market, change failures, major incidents), and costs (TCO before and after adoption).” Successful transformation delivers more employee and customer value faster and at lower cost.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

IBM Big Data Hub

AUGUST 11, 2023

MES systems can assist managers with process management and process control, helping to facilitate optimal performance of manufacturing. By facilitating optimized production planning and scheduling, these systems ensure efficient resource allocation, workload balancing and on-time deliveries, leading to improved profitability.

Software 68

Software Manufacturing Cost-Benefit ROI 68

IBM Big Data Hub

SEPTEMBER 11, 2023

What makes or breaks the success of a modernization is our willingness to develop a detailed, data-driven understanding of the unique needs of those that we aim to benefit. How to prioritize : Use data to understand what enhancements and capabilities would bring the greatest benefit.

Data-driven 86

Data-driven IT Measurement Cost-Benefit 86

IBM Big Data Hub

MAY 9, 2023

This results in both increased ROI and much faster time to market. For AI to be truly transformative, as many people as possible should have access to its benefits. With watsonx.data , businesses can quickly connect to data, get trusted insights and reduce data warehouse costs. Trust is one part of the equation. Watsonx.ai

Data Warehouse 107

Data Warehouse Machine Learning Cost-Benefit Metadata 107

IBM Big Data Hub

JUNE 30, 2023

Machinery, equipment, facilities and vehicles provide economic value or benefit operations. Organizations can’t work effectively if they don’t invest to keep their assets running cost-effectively throughout their lifecycle. Most organizations can’t run without physical assets. Let’s explore these in more depth.

Management 60

Management Cost-Benefit Enterprise IoT 60

Occam's Razor

JANUARY 24, 2011

One great benefit: I get detailed reports from Amazon that tell me clicks and conversion rates! Compute conversion for online, identify costs saved due to non-payment of bounty, identify goal value! Periodically (at least once a quarter, though once a month is optimal) go back and validate you have the right number. #3:

Analytics 122

Analytics Finance B2B ROI 122

datapine

DECEMBER 11, 2019

SaaS is a software distribution model that offers a lot of agility and cost-effectiveness for companies, which is why it’s such a reliable option for numerous business models and industries. AI optimizes business processes, increasing productivity and efficiency while automating repetitive tasks and supporting human capabilities.

Software 314

Software Cost-Benefit Data Processing Data-driven 314

Corinium

APRIL 25, 2019

Most enterprises in the 21st century regard data as an incredibly valuable asset – Insurance is no exception - to know your customers better, know your market better, operate more efficiently and other business benefits. What do you recommend to organizations to harness this but also show a solid ROI? That’s the reward.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

John Wheeler

NOVEMBER 25, 2020

Through evaluative capabilities including risk and control documentation/assessment, incident management, risk mitigation, key risk indicator reporting/monitoring, and risk quantification and analytics , IRM vendors address multiple market use-case domains defined by Gartner. This shift will not fade as we recover.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

Smart Data Collective

MAY 19, 2022

One of the biggest benefits is that it can help automate many aspects of the sales process. Due to the benefits of automated technologies powered by artificial intelligence and data analytics, sales staff may now concentrate on the most vital aspects of the sales cycle. Post-sales customer journey optimization.

Sales 133

Sales Big Data Cost-Benefit Marketing 133

Smart Data Collective

APRIL 23, 2020

There are a number of benefits associated with thorough and accurate software stack expenditure planning, including good communication between the CEO and CIO about business priorities and streamlined procurement processes. These tools also help you discover the most costly apps, so that you can look for more cost-effective alternatives.

Software 76

Software IT Scorecard Cost-Benefit 76

IBM Big Data Hub

AUGUST 30, 2023

It is an enterprise cloud-based asset management platform that leverages artificial intelligence (AI) , the Internet of Things (IoT) and analytics to help optimize equipment performance, extend asset lifecycles and reduce operational downtime and costs. IBM Maximo customers will be required to move to IBM MAS when Maximo 7.x

Data Processing 67

Data Processing Cost-Benefit Internet of Things Enterprise 67

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

by THOMAS OLAVSON Thomas leads a team at Google called "Operations Data Science" that helps Google scale its infrastructure capacity optimally. Based on the decisions being made and how quickly plans can adjust to new forecast updates, what is the cost of forecasting too high or too low? Our team does a lot of forecasting.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Andrew White

JANUARY 9, 2022

Yet there is no inclusion in the conversation about the costs and issues related to the battery and materials used in the most expensive part of the EV. I would have to admit that there are few documents that talk about all the connections across any set of topics. So much hype compares electric vehicles to traditional engines.

Analytics 64

Analytics Measurement Modeling Data-driven 64

datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Without real-time insight into their data, businesses remain reactive, miss strategic growth opportunities, lose their competitive edge, fail to take advantage of cost savings options, don’t ensure customer satisfaction… the list goes on. Benefits Of Implementing a BI Strategy. Table of Contents.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

IBM Big Data Hub

AUGUST 15, 2023

Here are some of the ways organizations today are making that shift and reaping the benefits of AI in a practical and ethical way. Recent AI developments are also helping businesses automate and optimize HR recruiting and professional development, DevOps and cloud management, and biotech research and manufacturing.

IT 75

IT Data Governance Modeling Cost-Benefit 75

CIO Business Intelligence

MAY 2, 2023

Citizen developers are a vital resource for organizations looking to streamline processes, increase efficiency, and reduce costs, whilst supporting business innovation and agile change. Those self-taught deeply understand their industry’s needs and pain points, enabling them to create tailored applications that address specific challenges.

Cost-Benefit 105

Cost-Benefit Risk Enterprise Optimization 105

Occam's Razor

FEBRUARY 9, 2015

As Edward Snowden and the NSA/CIA/MI6/GCHQ documents releases have shown, there are many kinds of competitive intelligence in the world. Social media continues to be ROI positive on the long run if you are willing to invest in conversational marketing. Site-centric CI vs. Ecosystem-centric CI. The world we live in is interconnected.

Metrics 155

Metrics Reporting IT Advertising 155

Jet Global

MAY 1, 2023

These benefits provide a 360-degree feedback loop. In this new era, users expect to reap the benefits of analytics in every application that they touch. Users are coming to expect sophisticated analytics at little or no cost. All benefit from the enhanced functionality and additional reporting and analytics.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

Jet Global

NOVEMBER 16, 2022

Here are some of the benefits of using inventory KPIs for reporting: #1. Reduce costs. Supply chain disruption, high inflation, and rising warehouse rental costs have increased operating costs. Supply chain disruption, high inflation, and rising warehouse rental costs have increased operating costs.

Metrics 52

Metrics Reporting KPI Cost-Benefit 52