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MRO spare parts optimization

IBM Big Data Hub

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0

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Addressing cloud waste: 4 steps to cloud computing cost optimization

CIO Business Intelligence

Now, more than a decade later, business leaders recognize the advantages the cloud offers but are struggling with bloated cloud costs. Andreesen Horowitz coined the phrase the Cloud Paradox in a 2021 article , which posits that the pressure the cloud puts on company margins can start to outweigh the benefits over time.

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Data-Driven Approaches to Better Optimized Enterprise Workflows

Smart Data Collective

One of the biggest implications of big data in human resources has pertained to enterprise workflow management. Every business, from a small one-person shop to an enterprise level company needs to find ways to be more efficient. Optimizing workflows is all about being more productive. Make a Plan. More Effective Communication.

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Optimizing PCI compliance in financial institutions

CIO Business Intelligence

The CCA allows overarching enterprise functions and IT shared services to be assessed separately from the business unit’s products/applications that require PCI security compliance. How can implementing a CCA benefit financial institutions and their various business units in their quest for PCI security compliance?

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LLMOps for Your Data: Best Practices to Ensure Safety, Quality, and Cost

Speaker: Shreya Rajpal, Co-Founder and CEO at Guardrails AI & Travis Addair, Co-Founder and CTO at Predibase

Large Language Models (LLMs) such as ChatGPT offer unprecedented potential for complex enterprise applications. However, productionizing LLMs comes with a unique set of challenges such as model brittleness, total cost of ownership, data governance and privacy, and the need for consistent, accurate outputs.

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Types of enterprise resource planning (ERP) systems

IBM Big Data Hub

Enterprise resource planning (ERP) is a business management software built to do just that. The benefits of ERP include built-in business intelligence and access to real-time data, along with integrated machine learning capabilities unlike a legacy system. Customization: Organizations can customize the software as they see fit.

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AI adoption accelerates as enterprise PoCs show productivity gains

CIO Business Intelligence

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.