IBM Big Data Hub

FEBRUARY 6, 2024

Cloud computing enables organizations to use infrastructure and applications over the internet without installing and maintaining them on-premises or in-house. By implementing a PaaS platform, an organization can avoid the cost, complexity and inflexibility of building and maintaining an on-premises platform.

Cost-Benefit 103

Cost-Benefit Digital Transformation Software Modeling 103

IBM Big Data Hub

MAY 31, 2023

Understanding and planning for when your equipment is likely to fail can drive greater efficiency in production operations, but how do you decide which strategy is the most cost-effective one for you? It is suited to low-cost, non-critical assets that don’t pose safety or operational risks if a run-to-failure strategy is deployed.

Cost-Benefit 91

Cost-Benefit Strategy IoT Internet of Things 91

CIO Business Intelligence

OCTOBER 13, 2022

As companies fast-track IT modernization to accelerate digital transformation and gain business advantage, there is an opportunity to rearchitect a greener IT environment and application portfolio that will drive cost efficiencies and contribute to broader corporate sustainability goals. of all global carbon emissions.

IT 58

IT Cost-Benefit Internet of Things IoT 58

IBM Big Data Hub

JUNE 15, 2023

Here are some of the benefits of effective asset management software: Centralized asset information: Maintenance workers need to know where an asset is and how it’s performing at all times. In order to do this, many use a computerized maintenance management system (CMMS) as part of their overall EAM approach.

Management 70

Management Broadcasting Cost-Benefit IoT 70

CIO Business Intelligence

SEPTEMBER 8, 2022

Gathering and processing data quickly enables organizations to assess options and take action faster, leading to a variety of benefits, said Elitsa Krumova ( @Eli_Krumova ), a digital consultant, thought leader and technology influencer.

Cost-Benefit 114

Cost-Benefit Internet of Things Data-driven Data Lake 114

IBM Big Data Hub

JUNE 20, 2023

The following are the six stages of asset lifecycle management: Planning: In the first stage of the asset lifecycle, stakeholders assess the need for the asset, its projected value to the organization and its overall cost. Reduced maintenance costs and downtime: Monitor assets in real time, regardless of complexity.

Strategy 74

Strategy Management Cost-Benefit IoT 74

CIO Business Intelligence

APRIL 12, 2022

Specifically, they’re looking at these areas: Centralized supply chain planning Advanced analytics Reskilling the labor force for digital planning and monitoring In the never-ending hunt for maximum efficiency and cost savings, supply chain digitization correlates closely with smart manufacturing processes.

IoT 105

IoT Analytics Manufacturing Cost-Benefit 105

John Wheeler

APRIL 16, 2021

Given that Gartner forecasts double digit growth (12.6%) for the IRM technology market in 2021 , the nature of these innovative product uses will span 10 use case domains (see figure below). However, the key to these benefits lies in the integration of RiskTech via IRM.

Risk Management 59

Risk Management Risk Management Internet of Things 59

Smart Data Collective

APRIL 7, 2022

These benefits include the following: You can use data analytics to better understand the preferences of your users and provide personalized product recommendations. Predictive analytics tools use market data to forecast trends and ensure e-commerce companies sell products that will be in demand.

B2B 106

B2B Sales Big Data Cost-Benefit 106

IBM Big Data Hub

JULY 27, 2023

More recently, these systems have integrated advanced technologies like Internet of Things (IoT), artificial intelligence (AI) and machine learning (ML) to enable predictive analytics and real-time monitoring. Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs.

Cost-Benefit 58

Cost-Benefit IoT Internet of Things Enterprise 58

IBM Big Data Hub

MARCH 14, 2024

The number of networks also continues to grow, with many popular Internet Service Providers (ISPs) like Verizon, Google and AT&T, offering 5G connectivity in both homes and businesses. Supply chains As 5G connectivity spreads, supply chains everywhere will benefit from its lightning-fast speeds and increased reliability.

Technology 60

Technology IoT Cost-Benefit Internet of Things 60

CIO Business Intelligence

MAY 24, 2022

Providing a platform for fact-based and actionable management reporting, algorithmic forecasting and digital dashboarding. The third will examine the challenges of realising that value, the attributes of a successful data-driven organisation, and the benefits that can be gained. THE GROWTH OF DATA. zettabytes of data. Oil and Gas.

Data-driven 88

Data-driven Data Lake Data Warehouse Cost-Benefit 88

Smart Data Collective

JULY 2, 2019

We have heard experts all over the world talk about the benefits of big data in renewable energy. Better distribution, cost savings, technical improvements and, above all, the optimization of resources are some of the spaces that are opened up thanks to new technologies. Most forecasts indicate that it is going to increase.

Data Analytics 76

Data Analytics Internet of Things Analytics Big Data 76

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Smart Data Collective

DECEMBER 16, 2019

At a time when the technology environment is powered by aspects such as the Internet of Things, artificial intelligence, machine learning, and Quantum computing, data is king. The benefits of having such data optimization solution are numerous and these include; 1. Faster and more flexible decision making.

Optimization 54

Optimization Enterprise Internet of Things Cost-Benefit 54

IBM Big Data Hub

JULY 5, 2023

Planning In the first stage of the asset lifecycle, stakeholders assess the need for a new asset, its projected value to the organization and its overall cost. At this point, it’s important to weigh the depreciation of the asset against the rising cost of maintaining it. The four stages of ALM 1.

Strategy 55

Strategy Management IoT Cost-Benefit 55

erwin

JUNE 11, 2020

These hospitals are making use of dashboards that provide summary information on hospital patient trends, treatment costs, and waiting times. The retail industry has also employed data intelligence in developing tools to better forecast and plan according to supply and demand trends and consumer Key Performance Indicators (KPI).

Key Performance Indicator 103

Key Performance Indicator KPI Data-driven Machine Learning 103

Sisense

MARCH 14, 2021

For starters, the rise of the Internet of Things (IoT) has created immense volumes of new data to be analyzed. These rapidly growing datasets present a huge opportunity for companies to glean insights like: Machine diagnostics, failure forecasting, optimal maintenance, and automatic repair parts ordering.

Big Data 52

Big Data IoT Data Warehouse Data-driven 52

IBM Big Data Hub

FEBRUARY 23, 2024

Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends. Organizations across industries increasingly benefit from sophisticated automation that better handles complex queries and predicts user needs.

Enterprise 99

Enterprise Interactive Data-driven Key Performance Indicator 99

Sisense

MAY 11, 2021

Interestingly, this ad hoc analysis benefits from a single source of truth that is easy to query to allow for quickly querying of raw data alongside the cleanest data (i.e., For starters, the rise of the Internet of Things (IoT) has created immense volumes of new data to be analyzed.

Modeling 84

Modeling Big Data IoT Data Warehouse 84

Alation

AUGUST 2, 2022

To enjoy the benefits of customer centricity, start by implementing the right habits such as these outlined by Gartner. What Are The Benefits Of Customer Centricity? Explore some additional benefits that a customer centric approach can unlock: Customer Acquisition. Reduce customer acquisition costs. Customer Churn.

Strategy 52

Strategy Cost-Benefit Metrics Data Lake 52