John Wheeler

APRIL 16, 2021

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. This exploration includes a review of current customer case stories from over 40 IRM technology providers that highlight the innovative uses of their products.

Risk Management 59

Risk Management Risk Management Internet of Things 59

Smart Data Collective

MARCH 2, 2023

Big data technology used to be a luxury for small business owners. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology.

Big Data 79

Big Data Uncertainty Risk Data mining 79

Jedox

SEPTEMBER 11, 2019

Even though we have so much advanced technology surrounding us, we still cannot just ask, “ Hey Siri, what’s my forecasted EBITDA look like ?” There are many reasons why such technology isn’t available yet—insufficient data, unstructured data and some human knowledge that is not yet transferable to machine.

Forecasting 59

Forecasting Experimentation Sales Unstructured Data 59

datapine

OCTOBER 11, 2023

3) Top 15 Warehouse KPIs Examples 4) Warehouse KPI Dashboard Template The use of big data and analytics technologies has become increasingly popular across industries. Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success.

Metrics 217

Metrics KPI Management Cost-Benefit 217

CIO Business Intelligence

APRIL 5, 2022

Enterprises face multiple risks throughout their supply chains, Deloitte says, including shortened product life cycles and rapidly changing consumer preferences; increasing volatility and availability of resources; heightened regulatory enforcement and noncompliance penalties; and shifting economic landscapes with significant supplier consolidation.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

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. Benefits of predictive analytics Predictive analytics makes looking into the future more accurate and reliable than previous tools.

Predictive Analytics 143

Predictive Analytics Analytics Predictive Modeling Forecasting 143

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 79

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 79

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT. Following are seven steps to guide this transformation for competitive advantage.

IT 135

IT Risk Cost-Benefit Risk Management 135

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Specific types of sourcing minimize costs in different ways.

Cost-Benefit 84

Cost-Benefit Scorecard Risk Recreation/Entertainment 84

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. Technologies such as supply chain management software (SCM), enterprise resource planning (ERP) systems, and advanced analytics tools can be used to automate and optimize processes.

Cost-Benefit 52

Cost-Benefit Finance Optimization Key Performance Indicator 52

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 97

Cost-Benefit Risk Strategy Manufacturing 97

bridgei2i

JUNE 3, 2020

Consumer Technology & Durables (CTD) in the COVID-19 Era. This explains the exponential growth Consumer Technology & Durables (CTD) has seen in the past few years. CTD’s growth over the last two decades was aided by technological innovation and the steady drop of electronics components’ costs, driven by economies of scale.

Technology 92

Technology Digital Transformation Recreation/Entertainment Manufacturing 92

CIO Business Intelligence

NOVEMBER 20, 2023

This reduces costs while improving customer experience. Hotels could dynamically adjust room rates based on traffic forecasts, weather conditions, and events in the area. Deloitte estimates that predictive maintenance increases productivity by 25%, reduces breakdowns by 70% and lowers overall maintenance costs by 25%.

Sales 130

Sales Cost-Benefit Manufacturing Forecasting 130

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Strategy 70

Strategy Cost-Benefit Key Performance Indicator Consulting 70

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 130

IoT Internet of Things Cost-Benefit Consulting 130

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 96

Cost-Benefit Risk Technology Forecasting 96

IBM Big Data Hub

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. What are the benefits of Integrated Business Planning process?

Key Performance Indicator 80

Key Performance Indicator Forecasting Data Integration Sales 80

CIO Business Intelligence

MAY 9, 2022

Holistic, multi-dimensional collaboration delivers the highest total value, considering cost, speed, risk, quality, and overall customer experience. It includes order collaboration, forecast, capacity, inventory, quality, and cost collaboration with suppliers. Better risk management and control.

Cost-Benefit 87

Cost-Benefit Forecasting Risk Management Risk 87

Smart Data Collective

JULY 9, 2021

Fortunately, new advances in big data technology are helping companies get better qualified workers. Data analytics technology is very important in assessing the performance of staffing services. What Are the Benefits of Data Analytics in Staffing? These benefits include the following: Improving workforce planning.

Data Analytics 125

Data Analytics Management Analytics Big Data 125

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 86

Cost-Benefit Insurance Unstructured Data Machine Learning 86

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 137

Uncertainty Cost-Benefit Risk Technology 137

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 84

Cost-Benefit Predictive Analytics Finance Forecasting 84

Smart Data Collective

AUGUST 10, 2021

Big data and analytics technology is rapidly changing the future of modern business. ‘Although companies in healthcare, IT and finance are some of the biggest investors in analytics technology, plenty of other sectors are investing in analytics as well. Are your technology solutions difficult to understand? Bottom line.

Data Analytics 136

Data Analytics Analytics Big Data Key Performance Indicator 136

Smart Data Collective

APRIL 10, 2020

We want to cover the costs of both job scheduling and appointment scheduling issues in this post. Fortunately, new big data technology can address all of them. Companies that use machine learning can significantly reduce the costs of major accounting errors. What are the benefits of using machine learning to improve scheduling?

Machine Learning 112

Machine Learning Cost-Benefit Big Data Forecasting 112

CIO Business Intelligence

MARCH 15, 2023

growth underscores how inflation, interest rate fluctuations, and consumer spending are reshaping forecasts, investment portfolios, and the CIO agenda. All things related to maintaining the systems to land, expand, and renew business at forecasted volumes are no brainers. Securing the technical estate from bad actors?

Uncertainty 92

Uncertainty Cost-Benefit Forecasting Insurance 92

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Big data has helped companies identify promising cost-saving measures, recruit the best talent, optimize their marketing strategies and realize many other benefits. However, the converse approach can also be useful. Here’s why.

Data-driven 102

Data-driven Cost-Benefit Data mining Big Data 102

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? What major challenges and risks stand between the current state and the vision? How much will it cost?

Strategy 98

Strategy IT Cost-Benefit Finance 98

FineReport

APRIL 9, 2024

Understanding Healthcare BI Tools The Role of Healthcare BI Tools Healthcare BI tools are instrumental in revolutionizing decision-making processes and patient care through the utilization of advanced data analysis and technology.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

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

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. They have also started integrated computer vision and deep learning technology to identify inefficiencies. The Evolution of Fintech For decades the most important technological innovation in finance was the calculator.

Software 86

Software Finance Cost-Benefit Data-driven 86

CIO Business Intelligence

OCTOBER 3, 2023

Another research company, Mordor Intelligence, is forecasting annual CAGR of 19.8 These tools bring benefits beyond automation. These tools bring benefits beyond automation. These could include cost savings, increased efficiency, better customer experiences or enhanced competitive advantage.

Cost-Benefit 116

Cost-Benefit Machine Learning Interactive Software 116

Ontotext

APRIL 6, 2023

More and more companies are using them to improve a variety of tasks from product range specification and risk analysis to supporting self-driving cars. Read our post: Okay, You Got a Knowledge Graph Built with Semantic Technology… And Now What? and other technologies for digital transformation of manufacturing systems.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

Cloudera

AUGUST 3, 2021

Accurate demand forecasting can’t rely upon last year’s data based upon dated consumer preferences, lifestyle and demand patterns that just don’t exist today – the world has changed. Advanced analytics empower risk reduction . Digital Transformation is not without Risk.

Analytics 107

Analytics Digital Transformation Risk Forecasting 107

Jedox

APRIL 10, 2019

When embracing better-practice, balancing risk to return can be complex and choosing a path that delivers high business value, with minimum disruption is not always easy. Whether saving costs or improving revenue, FP&A digital transformation projects must provide strong gains in productivity and effectiveness.

Digital Transformation 42

Digital Transformation Risk Finance Sales 42

IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications. The impact of these investments will become evident in the coming years.

Unstructured Data 94

Unstructured Data Cost-Benefit Experimentation Machine Learning 94

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

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. These models will be valuable for predicting flood zones, forest fires , and other climate risks.

Optimization 77

Optimization Manufacturing Cost-Benefit Risk 77