CIO Business Intelligence

DECEMBER 20, 2023

Faster app development: By leveraging Generative AI, companies can automate documentation generation, improve software reusability, and seamlessly integrate AI functions such as chatbots and image recognition into low-code applications.

Digital Transformation 124

Digital Transformation Testing Software Cost-Benefit 124

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 We did side-by-side testing,” he says. But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement.

IT 127

IT Consulting Testing Cost-Benefit 127

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)? Keep it agile, with short design, develop, test, release, and feedback cycles: keep it lean, and build on incremental changes. Test early and often. Test and refine the chatbot.

Strategy 289

Strategy Experimentation Uncertainty Machine Learning 289

Smart Data Collective

OCTOBER 12, 2022

One of the benefits of cloud technology is that it can help make printing easier. After all, you can always print documents at home or order copies from an online shop. Second, what are the benefits of using a cloud printing platform? Perhaps the most obvious benefit is that it can save you money on printer ink and paper costs.

Cost-Benefit 124

Cost-Benefit IT Testing Technology 124

CDW Research Hub

JULY 19, 2022

You may ask yourself, “What benefits do certain instance types present to my environment?” Many benefits are essential to consider before beginning your cloud journey. Below are three benefits of instance types we have identified that are worth evaluating. Three benefits of instance types for cloud environments.

Cost-Benefit 72

Cost-Benefit Optimization Testing Machine Learning 72

CIO Business Intelligence

OCTOBER 3, 2023

These tools bring benefits beyond automation. Typically these would include: • Process discovery: comprises process mining to identify bottlenecks and inefficiencies and task mining to identify user interactions in process, enabling those processes for which automation will deliver maximum benefits to be given priority.

Cost-Benefit 114

Cost-Benefit Machine Learning Interactive Software 114

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. Testing new programs. With cloud computing, companies can test new programs and software applications from the public cloud.

Technology 134

Technology Enterprise Cost-Benefit Testing 134

AWS Big Data

NOVEMBER 17, 2023

It also applies general software engineering principles like integrating with git repositories, setting up DRYer code, adding functional test cases, and including external libraries. In this post, we look into an optimal and cost-effective way of incorporating dbt within Amazon Redshift. Therefore, install pip if not already installed.

Snapshot 87

Snapshot Data Processing Testing Data Warehouse 87

IBM Big Data Hub

NOVEMBER 10, 2023

For a business to see the benefits of an ERP adoption it must first be deployed properly and efficiently by a team that typically includes a project manager and department managers as well. Once loaded into the new system and formatted correctly, your first ERP test can be performed.

Enterprise 119

Enterprise Consulting Testing Cost-Benefit 119

IBM Big Data Hub

JANUARY 19, 2024

Together, these documents help ensure businesses are prepared to face a variety of threats including power outages, ransomware and malware attacks, natural disasters and many more. Disaster recovery plans (DRPs) are detailed documents describing how companies will respond to different types of disasters.

Strategy 97

Strategy Cost-Benefit Testing Risk 97

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). PB of data from its data center to EMR on EC2.

Cost-Benefit 88

Cost-Benefit Optimization Big Data Metrics 88

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 123

Management Digital Transformation Testing Experimentation 123

AWS Big Data

MARCH 27, 2024

By testing the solution against key metrics, a POC provides insights that allow you to make an informed decision on the suitability of the technology for the intended use case. Complete the implementation tasks such as data ingestion and performance testing. Additionally, document any assumptions you are making.

Testing 96

Testing Data Warehouse Metrics Cost-Benefit 96

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

AWS Big Data

NOVEMBER 27, 2023

Today, we’re excited to bring the benefits of Graviton3 to Kafka workloads, with Amazon MSK now offering M7g instances for new MSK provisioned clusters. These performance improvements, along with M7g’s lower prices provide up to 24% in compute cost savings over M5 instances. Gbps up to 10 Gbps M7g.xlarge 4 16 GiB up to 12.5

Cost-Benefit 93

Cost-Benefit Optimization Management Testing 93

IBM Big Data Hub

FEBRUARY 6, 2024

For example, a recent Kyndril study (link resides outside ibm.com) concluded that infrastructure failure can cost enterprises as much as USD 100,000 per hour, with application failure ranging from USD 500,000 to USD 1 million per hour. million—a 15% increase over the last 3 years.

Cost-Benefit 95

Cost-Benefit Testing Risk Strategy 95

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 processes could include reports, campaigns, or financial documentation.

Data Quality 241

Data Quality Metrics Data-driven Management 241

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. Generative AI proves highly useful in rapidly creating various types of documentation required by coders. Automate tedious, repetitive tasks.

Enterprise 122

Enterprise Modeling Testing Data-driven 122

CIO Business Intelligence

DECEMBER 19, 2023

Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control. Create these six generative AI workstreams CIOs should document their AI strategy for delivering short-term productivity improvements while planning visionary impacts.

Digital Transformation 141

Digital Transformation Unstructured Data Machine Learning Risk Management 141

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 111

Cost-Benefit Software Reporting Technology 111

CIO Business Intelligence

DECEMBER 19, 2023

Be proactive and serve with empathy It cannot be stressed enough how important it is to be active in ensuring that all services delivered to end users are fully vetted and tested to the point where there’s no room for complaints. The benefit of having a well-trained team speaks for itself, Marcetic notes. “A

IT 139

IT Testing Metrics Optimization 139

IBM Big Data Hub

AUGUST 18, 2023

Regulators also require organizations to test business recovery processes periodically and provide documented test results showing that SLAs have been met. The need for a strong cyber-resilience strategy According to the IBM Cost of Data Breach Report 2023 , the global average cost of data breach was $4.45M.

Cost-Benefit 78

Cost-Benefit Testing Strategy Risk Management 78

datapine

JANUARY 6, 2022

Secondary Research: much like how patterns of behavior can be observed, different types of documentation resources can be coded and divided based on the type of material they contain. Typically, quantitative data is measured by visually presenting correlation tests between two or more variables of significance. minimal growth).

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Smart Data Collective

JUNE 29, 2022

Let’s talk about AI’s benefits in fintech , especially in terms of app development and how you can use it to maximize the success of your business. AI can benefit financial technology in a number of ways. From these benefits ultimately come cost savings. From these benefits ultimately come cost savings.

Cost-Benefit 87

Cost-Benefit Predictive Analytics Finance Forecasting 87

CIO Business Intelligence

APRIL 21, 2022

That’s a fringe benefit. Putting IT metrics to the test. Let’s test it against a popular industry metric: the “total cost of ownership” (TCO). Calibration: Every TCO component can be specified; in principle, the cost of each component can be tied down to well-documented spending; and the rest is simple arithmetic.

Metrics 99

Metrics IT Cost-Benefit Measurement 99

CIO Business Intelligence

JANUARY 4, 2024

How can implementing a CCA benefit financial institutions and their various business units in their quest for PCI security compliance? That, in turn, reduces IT cost, the time it takes staff to learn the environment, and the time to market. One of the significant advantages of a CCA is the potential for cost reduction.

Optimization 98

Optimization Cost-Benefit Reporting Enterprise 98

CIO Business Intelligence

AUGUST 8, 2022

But the benefits of buying in early to cloud-based productivity services didn’t stop there for Grant Thornton. More importantly, the benefits led Swift to speed up Grant Thornton’s ongoing digital transformation, with a focus on the desktop. It will also save the firm a bundle on hardware costs. Freeing up valuable resources.

Cost-Benefit 91

Cost-Benefit Digital Transformation Testing Data Warehouse 91

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 134

Insurance Cost-Benefit Big Data Unstructured Data 134

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.

Cost-Benefit 59

Cost-Benefit Risk Management Risk Digital Transformation 59

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. Semantic search doesn’t match individual query terms—it finds documents whose vector embedding is near the query’s embedding in the vector space and therefore semantically similar to the query.

Cost-Benefit 88

Cost-Benefit Visualization Modeling Machine Learning 88

AWS Big Data

AUGUST 17, 2023

With OpenSearch Serverless, you can enjoy the benefits of these expanded limits without having to worry about sizing, monitoring your usage, or manually scaling an OpenSearch domain. As seen in the following screenshot, in this test, we created six indexes approximating to 1 TB or more. Each bulk request includes 7,500 documents.

Cost-Benefit 77

Cost-Benefit Testing Machine Learning Measurement 77

Cloudera

DECEMBER 9, 2022

Existing NiFi users can now bring their NiFi flows and run them in our cloud service by creating DataFlow Deployments that benefit from auto-scaling, one-button NiFi version upgrades, centralized monitoring through KPIs, multi-cloud support, and automation through a powerful command-line interface (CLI).

Testing 95

Testing Cost-Benefit Interactive Visualization 95

CIO Business Intelligence

JANUARY 5, 2023

Customers also report they help business users quickly test new services, tweak user interfaces and deliver new functionality. Here are some examples of how IT pros are using low code/no code tools to deliver benefits beyond just reducing the workload on professional developers.

IT 126

IT Cost-Benefit Testing Dashboards 126

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 116

Cost-Benefit Enterprise Unstructured Data Technology 116

DataKitchen

FEBRUARY 21, 2023

Or, as one of our customers put it, “How do I increase the total amount of team insight generated without continually adding more staff (and cost)?” Staff turnover, stress, and unhappiness. Release New Data Engineering Work Often With Low Risk: “Testing and release processes are heavily manual tasks… automate these processes.”

Data-driven 130

Data-driven Testing Risk Cost-Benefit 130

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. We promote innovation through regulatory sandboxes, real-world testing and open sources [excluding open source AI systems from transparency requirement]. This is just not true.

Risk 113

Risk Testing Insurance Cost-Benefit 113

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 104

Cost-Benefit Data Processing Software Data-driven 104