IBM Big Data Hub

JANUARY 25, 2024

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 regulations, undergoing digital transformation and the need for cost-cutting. A 40% reduction in inventory costs.

Optimization 80

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 80

CIO Business Intelligence

FEBRUARY 12, 2024

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.

Optimization 105

Optimization Cost-Benefit Reporting Digital Transformation 105

CIO Business Intelligence

OCTOBER 6, 2023

Business analysts (BAs) are responsible for bridging the gap between IT and the business using data analytics to assess processes, determine requirements, and deliver data-driven recommendations and reports to executives and stakeholders. Business analyst skills The business analyst position requires both hard skills and soft skills.

IT 126

IT Business Analysis Key Performance Indicator Cost-Benefit 126

CIO Business Intelligence

FEBRUARY 10, 2023

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. The report projects the market will reach $38 billion by 2028, growing at a compound annual growth rate (CAGR) of about 20.4%

Predictive Analytics 137

Predictive Analytics Analytics Predictive Modeling Forecasting 137

CIO Business Intelligence

SEPTEMBER 28, 2022

While a new forecast released Monday by Spiceworks/Ziff Davis said that overall IT spending will be largely unhampered by recessionary trends in the economic outlook, much of that spending will be driven by large enterprises, leaving the picture much murkier for small and medium-size businesses. IT spending during a recession shows benefits.

Cost-Benefit 91

Cost-Benefit IT Forecasting Data-driven 91

CIO Business Intelligence

NOVEMBER 21, 2023

But for a select few, the deeper challenges of departmental technologies being funded, procured, and managed without IT involvement are the missed opportunities to better engage and fulfill departmental technology needs. That’s not to downplay the inherent risks of shadow IT.

IT 128

IT Risk Cost-Benefit Risk Management 128

CIO Business Intelligence

OCTOBER 7, 2022

Core to this challenge for MAT’s is the management of financial operations, budgets and funding across large numbers of schools Their ability to grow has been impeded by legacy accounting solutions, making it an expensive and lengthy process to setup, onboard and report on new schools as they are brought into the trust.

Cost-Benefit 92

Cost-Benefit Finance Reporting Forecasting 92

CIO Business Intelligence

DECEMBER 18, 2023

Developing generative AI implementation strategies will be imperative for technology leaders, prioritizing key areas such as business model building, internal operational improvements, risk mitigation, and overall organizational efficiency. How has the past year changed the landscape for technology leaders?

Cost-Benefit 87

Cost-Benefit Risk Strategy Manufacturing 87

CIO Business Intelligence

JANUARY 10, 2024

Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. Plus, you need to balance the FinOps team’s need for autonomy against the CIO’s need for centralized control to gain economies of scale and avoid runaway costs. Then there’s housekeeping.

Cost-Benefit 110

Cost-Benefit Measurement Optimization Metrics 110

CIO Business Intelligence

DECEMBER 19, 2023

When making decisions about network access, businesses need to be aware of and assess the security implications associated with network technology to help keep their digital assets protected. Fixed wireless access is a type of 5G or 4G LTE wireless technology that enables fixed broadband access using radio frequencies instead of cables.

Cost-Benefit 90

Cost-Benefit Risk Technology Forecasting 90

Smart Data Collective

MAY 1, 2022

There are many reasons that more companies are turning to machine learning technology. One of the benefits of leveraging machine learning is that it can help with develop employee compensation schemes. She talked about the benefits of ensuring employees are paid based on their respective value, rather than their position.

Machine Learning 120

Machine Learning Management Cost-Benefit Insurance 120

CIO Business Intelligence

OCTOBER 23, 2023

In today’s uncertain economic landscape, it is no surprise that organizations are driven to optimize business costs. Power the circular economy with Dell Technologies Dell Technologies has set ambitious targets to minimize waste and environmental impact, keeping our products, components, and materials in circulation for as long as possible.

Cost-Benefit 85

Cost-Benefit Uncertainty Digital Transformation Optimization 85

CIO Business Intelligence

MAY 8, 2024

This article focuses on how these advancements are paving the way for data integration for the years to come in this ever-so-dynamic technological era. AI-powered data integration One of the most promising advancements in data integration is the integration of artificial intelligence (AI) and machine learning (ML) technologies.

Data Integration 59

Data Integration IoT Cost-Benefit Data Quality 59

Smart Data Collective

JANUARY 21, 2021

Many people don’t realize the countless benefits that big data has provided for the solar energy sector. In fact, the latest forecasting technology may be the missing puzzle piece in the widespread adoption of solar energy,” the authors write. Data technology can also be useful for creating new solar technology.

Big Data 132

Big Data Cost-Benefit Data-driven Machine Learning 132

Smart Data Collective

SEPTEMBER 28, 2021

In today’s modern era, AI and IoT are technologies poised to impact every part of the industry and society radically. Because most businesses devote their primary efforts to developing their brand, software applications, or network, new technologies are apt to transform how they operate. Benefits of AI and IoT in Businesses.

IoT 133

IoT Internet of Things Cost-Benefit Consulting 133

IBM Big Data Hub

JUNE 29, 2023

Integrated Business Planning (IBP) addresses these challenges by providing a comprehensive framework that integrates strategic, operational and financial planning, analysis, and reporting to drive better business outcomes. What are the benefits of Integrated Business Planning process?

Key Performance Indicator 83

Key Performance Indicator Forecasting Data Integration Sales 83

CIO Business Intelligence

JULY 27, 2023

First came the carrot of lower costs in the cloud with the bundled Rise with SAP offering. SAP said Thursday it will raise the cost of support for users of its on-premises software for the second year in a row, just days after announcing plans to withhold future innovations in its products from on-prem customers. Bucking the trend?

Cost-Benefit 75

Cost-Benefit Statistics Data Processing Forecasting 75

DataRobot

OCTOBER 18, 2021

” Since some consumers receive noneconomic benefits from bargaining, organizations should think twice before implementing rigid processes where staff and customers have no control over the outcomes. There is a wealth of research showing again and again that evidence-based algorithms are more accurate than forecasts made by humans.

Forecasting 145

Forecasting Digital Transformation Cost-Benefit Data-driven 145

Smart Data Collective

JUNE 16, 2022

Until now, they were proactively involved to maximize IT efficiencies and accelerate cost savings in general. However, the rapid technology change, the increasing demand for user-centric processes and the adoption of blockchain & IoT have all positioned business analytics (BA) as an integral component in an enterprise CoE.

Business Analytics 123

Business Analytics Analytics Forecasting Business Analysis 123

datapine

MARCH 31, 2022

To understand this concept in a practical context, check out this video featuring an explanation from analyst Sonya Fournier: Now that we’ve explored BI in a real-world professional context, let’s look at the benefits of embarking on this occupation. It’s Flexible. This means there are many chances to grow and escalate fast.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

Smart Data Collective

JUNE 29, 2022

During this wave of disruption, successful business owners and startup founders need to understand the technologies that are driving the industry forward. 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. Top Use Cases of AI in Fintech.

Cost-Benefit 87

Cost-Benefit Predictive Analytics Finance Forecasting 87

datapine

NOVEMBER 5, 2019

All areas of your modern-day business – from supply chain success to improved reporting processes and communications, interdepartmental collaboration, and general organization innovation – can benefit significantly from the use of analytics, structured into a live dashboard that can improve your data management efforts.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

Smart Data Collective

OCTOBER 16, 2023

Financial data (invoices, transactions, billing data) and internal and external documents (reports, business letters, production plans, and so on) are examples of this. They both depend on big data because it helps to strengthen the technology. Businesses from all industries can benefit from the available data.

Big Data 103

Big Data IoT Cost-Benefit Advertising 103

CIO Business Intelligence

JUNE 1, 2023

In a testament to its growing importance, 80% of marketers have experimented with or deployed the burgeoning technology, in some cases redirecting budgets from last year’s forays into the metaverse. In fact, 9 in 10 marketers surveyed remain eager to learn about and deploy new technologies.

Marketing 90

Marketing B2B Experimentation Cost-Benefit 90

Smart Data Collective

APRIL 10, 2020

We want to cover the costs of both job scheduling and appointment scheduling issues in this post. billion in civil penalties in the last reporting year. Fortunately, new big data technology can address all of them. Companies that use machine learning can significantly reduce the costs of major accounting errors.

Machine Learning 112

Machine Learning Cost-Benefit Big Data Forecasting 112

Smart Data Collective

JUNE 5, 2023

Big data technology is changing our lives in tremendous ways. Imagine a world where your home understands your habits, preferences, and even your routine, then uses this information to cut costs and save you money. In the grand scheme of things, we’re not just talking about cutting costs. Sounds incredible, right?

Cost-Benefit 92

Cost-Benefit Insurance Big Data Predictive Analytics 92

Cloudera

OCTOBER 30, 2023

The main challenges are pointed out as a lack of resources/expertise, security, and from a different perspective, cloud cost management. The decentralized resource provisioning approach, foundational to cloud solutions and infrastructure, faces a big challenge when it comes to governing the costs of on-demand resource allocation/utilization.

Analytics 75

Analytics Cost-Benefit ROI Business Objectives 75

CIO Business Intelligence

JULY 31, 2023

To spend on technology and digital at a rate slower than that of revenue growth, enabling scale and simplifying your environment? How will the vision be enabled by disruptive technologies like Generative AI , IoT, and Cloud? Borrow language from investor-day presentations and earnings reports. How much will it cost?

Strategy 94

Strategy IT Cost-Benefit Finance 94

Cloudera

JANUARY 30, 2024

As we navigate the fourth and fifth industrial revolution, AI technologies are catalyzing a paradigm shift in how products are designed, produced, and optimized. There are many functional areas within manufacturing where manufacturers will see AI’s massive benefits.

Manufacturing 77

Manufacturing Contextual Data IoT Digital Transformation 77

Smart Data Collective

MARCH 27, 2023

Some of the benefits of AI in banking include: Banks use AI bots to onboard clients and analyze borrower risk. Forbes author Rob Shevlin reports that chatbots will actually make bank branches obsolete. They have also started integrated computer vision and deep learning technology to identify inefficiencies. It sounds expensive.

Software 88

Software Finance Cost-Benefit Data-driven 88

Smart Data Collective

NOVEMBER 24, 2020

As the use of intelligence technologies is staggering, knowing the latest trends in business intelligence is a must. In this article, you’ll discover: upcoming trends in business intelligence what benefits will BI provide for businesses in 2020 and on? Future of Business Intelligence: Benefits Provided. billion by 2025.

Business Intelligence 131

Business Intelligence Visualization Dashboards Prescriptive Analytics 131

CIO Business Intelligence

AUGUST 17, 2022

The 2022 KPMG Fraud Outlook report “A Triple Threat Across the Americas” affirmed the increasing challenges; 77% of respondents to the KPMG survey say their cyber risk will grow over the next year. Cybercrime cost U.S. Trend #3: Integration of storage technologies based on hybrid cloud and container tech.

Enterprise 97

Enterprise Cost-Benefit Snapshot Data-driven 97

IBM Big Data Hub

MAY 12, 2023

Along the way, it needed to transform its organizational footprint, technology architecture and workplace culture—all sustainably. After getting familiar with the app architecture, priorities and requirements, IBM provided a detailed trade-offs analysis, including improvement options and security and cost implications.

Consulting 81

Consulting Cost-Benefit Optimization Dashboards 81

IBM Big Data Hub

FEBRUARY 14, 2024

McDonald’s is building AI solutions for customer care with IBM Watson AI technology and NLP to accelerate the development of its automated order taking (AOT) technology. Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps).

Cost-Benefit 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

IBM Big Data Hub

JULY 26, 2023

When I started a role as a leader for sustainability in Expert Labs , our professional technology services organization, I saw the potential for AI to help with energy efficiency, decarbonization , and waste reduction. Discover the current and emerging use cases for AI in waste management, optimization, energy reduction and ESG reporting.

Optimization 79

Optimization Manufacturing Cost-Benefit Reporting 79

CIO Business Intelligence

MAY 23, 2023

In Broadcom’s case, it has been through a combination of organic growth and growth through acquisition, which has created Broadcom today – a company built from a heritage of American technology pioneers such as AT&T Bell Labs and Hewlett Packard, among others. The core technology to do this already exists at VMware.

Uncertainty 127

Uncertainty Cost-Benefit Risk Technology 127

FineReport

MAY 18, 2024

Benefits of Data Visualization Enhanced Decision-Making : By presenting data visually, individuals can quickly grasp insights and make informed decisions. Applications in Various Fields In Business , data visualization is used for sales analysis , market forecasting, and performance KPI tracking.

Visualization 52

Visualization Interactive Cost-Benefit Dashboards 52