Smart Data Collective

SEPTEMBER 25, 2023

While there are many benefits of big data technology, the steep price tag can’t be ignored. We mentioned that data analytics offers a number of benefits with financial planning. You also need to optimize it. How to Optimize IT Budgeting? The main premise of this post is to help you optimize your IT budget.

Data-driven 104

Data-driven IT Cost-Benefit Big Data 104

CIO Business Intelligence

FEBRUARY 7, 2024

API-first strategies on the rise APIs are ubiquitous within modern software architectures, working behind the scenes to facilitate myriad connected capabilities. “As APIs remain central to tech strategy and are more vital than ever due their use by LLMs, including OpenAI plugins,” says O’Neill.

Business Objectives 124

Business Objectives Cost-Benefit Strategy Data-driven 124

datapine

JUNE 15, 2023

These analytical tools allow decision-makers to get a sense of their performance in a number of areas and extract valuable insights to inform their future strategies and boost growth. Keep reading to find a definition, benefits, examples, and some key best practices to generate them successfully! What Is A Performance Report?

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

Jet Global

NOVEMBER 3, 2020

Being profitable and delivering the most value to shareholders starts with having a robust tax planning strategy that enables you to keep more of your hard-earned money while ensuring compliance with every tax district—and keeping your reputation intact. Unfortunately, when it comes to taxes, there are many moving parts to consider.

Strategy 84

Strategy Digital Transformation Software Cost-Benefit 84

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

IBM Big Data Hub

FEBRUARY 7, 2024

1 In pursuit of net zero, organizations will focus their sustainability efforts on two paths in 2024: Clean energy : The transition from fossil fuels to renewable energy sources is central to sustainability strategies and net zero initiatives, and was a central issue last year at the United Nations’ COP28 climate summit.

Reporting 93

Reporting Cost-Benefit Internet of Things Data-driven 93

CIO Business Intelligence

DECEMBER 19, 2023

Using this strategy, IT can prioritize their transformation roadmap without being stuck in the mire of reactive support processes,” which leads to support groups chasing and extinguishing fires, hampering essential business operations, Padua explains. The benefit of having a well-trained team speaks for itself, Marcetic notes. “A

IT 139

IT Testing Metrics Optimization 139

CIO Business Intelligence

APRIL 4, 2024

Like other CIOs, Katrina Redmond has been inundated with opportunities to deploy AI that promise to speed business and operations processes, and optimize workflows. The cost of implementing and running AI models can be quite high, so you have to be really careful in assessing the business worthiness of AI use cases,” he says.

Enterprise 134

Enterprise Cost-Benefit Forecasting Sales 134

CIO Business Intelligence

DECEMBER 17, 2023

Plus, we’ll explore the importance of being able to choose your own path and pace toward contact center AI so that your investment delivers the greatest business benefits. The result is faster service that actually helps build customer-brand connections.

Management 128

Management Cost-Benefit Interactive Optimization 128

CIO Business Intelligence

MAY 16, 2023

They determined and executed a ‘store versus destroy’ strategy for paper documents based on client classification and record retention schedules 4. ● The correct documents were then put in long-term storage to meet compliance requirements 5. ● Consider the following real-world scenarios. ●

Digital Transformation 104

Digital Transformation Uncertainty Risk Cost-Benefit 104

Smart Data Collective

SEPTEMBER 22, 2021

We have frequently talked about the benefits of using big data to make the most of your online marketing efforts. However, there are also a number of ways to use data analytics technology to execute your offline marketing strategies such as print marketing effectively as well. Managed print services are essential for each business.

Management 98

Management Cost-Benefit Big Data Data-driven 98

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. Invest in data hygiene and collection strategies to keep your engine running smoothly. Automate tedious, repetitive tasks.

Enterprise 122

Enterprise Modeling Testing Data-driven 122

datapine

SEPTEMBER 29, 2022

There are a lot of strategies that you can use to improve the quality of your information. 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.

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

MARCH 24, 2023

Data governance framework Data governance may best be thought of as a function that supports an organization’s overarching data management strategy. Several of the overall benefits of data management can only be realized after the enterprise has established systematic data governance.

Data Governance 142

Data Governance Management Metadata Data Quality 142

Cloudera

JUNE 1, 2021

Cloudera will benefit from the operating capabilities, capital support and expertise of Clayton, Dubilier & Rice (CD&R) and KKR – two of the most experienced and successful global investment firms in the world recognized for supporting the growth strategies of the businesses they back. Our strategy. Wrapping it up.

Uncertainty 144

Uncertainty Cost-Benefit Risk Strategy 144

IBM Big Data Hub

JANUARY 11, 2024

In this article, we’re going to look at some common threats and how disaster recovery plans (DRPs) and solutions can optimize preparedness. Disaster recovery plan (DRP): A disaster recovery plan (DRP) is a document that clearly outlines how an enterprise will recover from an unexpected event.

Cost-Benefit 98

Cost-Benefit Risk Enterprise Software 98

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 75

Cost-Benefit Enterprise Technology KPI 75

datapine

JUNE 5, 2019

As mentioned earlier, a data dashboard has the ability to answer a host of business-related questions based on your specific goals, aims, and strategies. With such dashboards, users can also customize settings, functionality, and KPIs to optimize their dashboards to suit their specific needs. The Top 10 Benefits Of Data Dashboards.

Dashboards 316

Dashboards KPI Sales Visualization 316

Ontotext

APRIL 6, 2023

This allows companies to model and optimize the interactions between the various computers that make a car run, ensuring everything is operating in sync to meet the desired specifications. For some time, the manufacturing industry has been benefiting significantly from knowledge graph technology. Manufacturing and Industry 4.0

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

Smart Data Collective

AUGUST 3, 2023

Its implementation offers numerous benefits and applications that streamline operations and enhance efficiency. Fleet managers increasingly turn to cutting-edge technologies to boost productivity and save costs. Look at the top blockchain benefits and how they improve fleet management.

Technology 84

Technology Management Cost-Benefit Manufacturing 84

CIO Business Intelligence

OCTOBER 5, 2023

CBRE has also used AI to optimize portfolios for several clients, and recently launched a self-service generative AI product that enables employees to interact with CBRE and external data in a conversational manner. This is partly why partnerships have been integral to CBRE’s strategy. Let’s start with the models.

Experimentation 130

Experimentation Strategy Machine Learning Interactive 130

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. SaaS makes sense for business managers who want the newest capabilities at a cheaper cost and without worrying about future business demands.

Cost-Benefit 102

Cost-Benefit Data Processing Software Data-driven 102

IBM Big Data Hub

MAY 26, 2023

Cloud computing offers the potential to redefine and personalize customer relationships, transform and optimize operations, improve governance and transparency, and expand business agility and capability. Of these breaches, 45% were cloud-based, costing USD 10.10M on an average, per breach.

Consulting 77

Consulting Cost-Benefit Optimization Machine Learning 77

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

IBM Big Data Hub

JULY 19, 2023

The exponential leap in generative AI is already transforming many industries: optimizing workflows , helping human teams focus on value added tasks and accelerating time to market. Code creation: Code co-pilot, code conversion, create technical documentation, test cases and more.

Consulting 62

Consulting Machine Learning Manufacturing Optimization 62

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. We did side-by-side testing,” he says. And the impacts are already being felt in some industries.

IT 128

IT Consulting Testing Cost-Benefit 128

FineReport

MAY 18, 2024

Benefits of Data Visualization Enhanced Decision-Making : By presenting data visually, individuals can quickly grasp insights and make informed decisions. Education benefits from data visualization by enhancing learning experiences through interactive visual aids.

Visualization 52

Visualization Interactive Cost-Benefit Dashboards 52

Smart Data Collective

APRIL 13, 2021

A robust Artificial Intelligence or AI-based virtual assistant can supercharge your lead conversion process and optimize your marketing and sales teams’ performance. You also get full control of your email and chat sequences and copy to optimize your pipeline. Some of the benefits of using Exceed.ai

Marketing 129

Marketing Sales Cost-Benefit Optimization 129

CIO Business Intelligence

OCTOBER 6, 2023

Business analyst job description BAs are responsible for creating new models that support business decisions by working closely with finance and IT teams to establish initiatives and strategies aimed at improving revenue and/or optimizing costs.

IT 128

IT Business Analysis Key Performance Indicator Cost-Benefit 128

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.

Data mining 56

Data mining Machine Learning Deep Learning Marketing 56

Alation

DECEMBER 9, 2021

Then, we’ll dive into the strategies that form a successful and efficient cloud transformation strategy, including aligning on business goals, establishing analytics for monitoring and optimization, and leveraging a robust data governance solution. What Are the Benefits of Cloud Transformation? Enhanced Cost Management.

Cost-Benefit 52

Cost-Benefit Data Governance Optimization Data Processing 52

CIO Business Intelligence

AUGUST 22, 2023

As such, organizations must evolve their digital strategies with market changes, such as the shift to remote work in 2020, the evolution to hyperautomation in 2022, and how generative AI will now require CIOs to overhaul their roadmaps. “You On the other hand, creating bureaucratic processes and rigid standards slows and demoralizes teams.

Digital Transformation 98

Digital Transformation Data-driven Cost-Benefit Strategy 98

datapine

JANUARY 24, 2021

It is not just important to gather all the existing information, but to consider the preparation of data and utilize it in the proper way, has become an indispensable value in developing a successful business strategy. For example, you need to develop a sales strategy and increase revenue. Today, big data is about business disruption.

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

MARCH 9, 2022

Despite the worldwide chaos, UAE national airline Etihad has managed to generate productivity gains and cost savings from insights using data science. They also wanted to be able to demonstrate cost reductions. Financial benefits and cost savings became a big driver in quite a lot of the use cases shortlisted by Etihad.

Data Science 98

Data Science Data Lake Cost-Benefit Digital Transformation 98

Smart Data Collective

FEBRUARY 20, 2022

More industries are scaling their investment in cloud services as they realize its many benefits. The appeal of cloud computing in the construction sector is obvious when you are familiar with the benefits it provides. This is possibly the most important benefit of the cloud. The construction sector is no exception.

Management 117

Management Informatics Cost-Benefit Technology 117

CIO Business Intelligence

DECEMBER 11, 2023

Companies need both a practical plan and a transparent communications strategy in their response.” Plexus IT is also in the analysis phase of using AI within the company’s e-commerce platform “to gain better insights for predicting and optimizing the customer experience and enhancing personalization,” McIntosh says. “We

Modeling 131

Modeling Risk Strategy Software 131

Smart Data Collective

NOVEMBER 20, 2022

Statistics reveal that hiring a new employee costs half or two times the employee’s salary. 5 communication strategies for the workplace. A communication strategy is the communication plans and methods a company applies at all stages. A few examples of communication strategies you can apply in your organization are: 1.

Technology 118

Technology Unstructured Data Strategy Cost-Benefit 118