Alation

NOVEMBER 4, 2022

Yet other goals seem a little aspirational and harder to quantify, but that doesn’t mean they’re not measurable — or achievable. In this blog we’ll describe digital transformation: how it can be achieved as well as how it can benefit your business. Employee benefits: By empowering people to work from home.

Digital Transformation 52

Digital Transformation Cost-Benefit Insurance Machine Learning 52

Smart Data Collective

NOVEMBER 12, 2021

Big data has helped companies identify promising cost-saving measures, recruit the best talent, optimize their marketing strategies and realize many other benefits. However, there are a lot of other benefits of big data that have not gotten as much attention. However, the converse approach can also be useful. Here’s why.

Data-driven 104

Data-driven Cost-Benefit Data mining Big Data 104

O'Reilly on Data

OCTOBER 22, 2020

Taking the time to work this out is like building a mathematical model: if you understand what a company truly does, you don’t just get a better understanding of the present, but you can also predict the future. Since I work in the AI space, people sometimes have a preconceived notion that I’ll only talk about data and models.

Consulting 303

Consulting Risk Cost-Benefit Modeling 303

CIO Business Intelligence

AUGUST 14, 2023

And when performed strategically in succession as Mahon has done at Werner, such quick wins can lead to much larger business transformation over time — with less big-bang disruption and change management thanks to measurable proof of enhancement along the way. It gets contagious — you do one and it leads to others.”

IT 98

IT Insurance Digital Transformation Broadcasting 98

CIO Business Intelligence

MARCH 13, 2024

But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. In February, McKinsey released the results of a survey showing that 84% of telcos using gen AI for customer services were seeing cost savings, and 45% of them reduced costs by 6% or more. What if writing code wasn’t the real issue?”

IT 128

IT Consulting Testing Cost-Benefit 128

Smart Data Collective

SEPTEMBER 28, 2022

Big data management has many benefits. For example, if you have employees working in multiple countries or locations, data management would help ensure that everyone is provided equal access to the same benefits and compensation packages. We hope this article has helped you understand the benefits of big data management.

Big Data 105

Big Data Management Data Quality Cost-Benefit 105

IBM Big Data Hub

APRIL 18, 2024

While these large language model (LLM) technologies might seem like it sometimes, it’s important to understand that they are not the thinking machines promised by science fiction. Most experts categorize it as a powerful, but narrow AI model. A key trend is the adoption of multiple models in production.

Cost-Benefit 89

Cost-Benefit Modeling Manufacturing Interactive 89

CIO Business Intelligence

SEPTEMBER 11, 2023

Translating the CEO’s strategy Another legacy organization, 105-year-old The Teachers Insurance and Annuity Association of America (TIAA), has “a specific focus on elevating data and digital fluency” across the organization, says Sastry Durvasula, CIO and client services officer. He initiated the creation of a comprehensive operating model.

Digital Transformation 135

Digital Transformation ROI Strategy Data Science 135

IBM Big Data Hub

FEBRUARY 2, 2023

The rise of cloud has allowed data warehouses to provide new capabilities such as cost-effective data storage at petabyte scale, highly scalable compute and storage, pay-as-you-go pricing and fully managed service delivery. Companies are shifting their investments to cloud software and reducing their spend on legacy infrastructure.

Data Warehouse 56

Data Warehouse Cost-Benefit Unstructured Data Data Architecture 56

Smart Data Collective

JANUARY 12, 2022

Companies in the financial sector aren’t the only ones discovering the benefits of using data analytics for financial management. Data Analytics Brings Many Benefits to Small Businesses Facing Financial Challenges. Personal loans, business loans, credit cards, and insurance premiums all have a dependence on your credit score.

Data Analytics 117

Data Analytics Analytics Finance Data mining 117

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. When a user sends a message, the system uses NLP to parse and understand the input, often by using DL models to grasp the nuances and intent. Prioritizing tracking metrics accurately measures the success of your implementation.

Enterprise 95

Enterprise Interactive Data-driven Key Performance Indicator 95

BizAcuity

JULY 26, 2021

The foundation of a hybrid cloud model is the blend of private and public cloud infrastructures to allow workloads to move between the two interconnected environments. Reduced costs . Hardware costs. What is a hybrid cloud? Agility and speed are key important factors for today’s businesses to sustain the competition. .

IT 52

IT Cost-Benefit Data Processing Risk 52

Smart Data Collective

JULY 3, 2023

The National Association of Insurance Commissioners that there will be about 3.5 The Rise of Electric Vehicles The popularity of electric vehicles has soared in recent years, driven by their reduced carbon emissions and cost-effective performance. AI technology has led to some major breakthroughs in our modern lives.

Software 74

Software Manufacturing Recreation/Entertainment Data-driven 74

Jet Global

JULY 23, 2020

Tools that bolster your team’s virtual capabilities will be a sound investment, akin to insurance against potentially prolonged restrictions leading to continued remote work. Such tools have benefits beyond this crisis, however. Processing, filing, and retrieving physical documents may be more complicated than in the past.

Uncertainty 95

Uncertainty Finance Cost-Benefit Reporting 95

FineReport

APRIL 9, 2024

Benefits of Healthcare Business Intelligence Tools Improved Decision-Making: Healthcare BI tools enable informed decision-making by providing real-time data analysis and predictive insights. Optimized Operational Efficiency: These tools streamline processes and resource allocation, leading to cost savings and improved resource utilization.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

CIO Business Intelligence

MAY 1, 2024

Gen AI takes us from single-use models of machine learning (ML) to AI tools that promise to be a platform with uses in many areas, but you still need to validate they’re appropriate for the problems you want solved, and that your users know how to use gen AI effectively.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

bridgei2i

JUNE 30, 2020

Cheaper cost of raw materials, laborers, and lower duties has allowed most of the city manufacturers to either shift their factories to China or are depending on contracting manufacturers there. They need to figure out ways on how to balance their workforce with the right skills and also optimize cost.

Enterprise 98

Enterprise Technology Digital Transformation Manufacturing 98

Sisense

OCTOBER 29, 2020

These computers need to get smaller so that processing can be done in the car itself — this is important to reduce the amount of time lag and the cost of transferring data to the cloud.”. For insurance company premiums? Labeled data is so critical to train machine learning models to develop and deploy AVs.”. Advertising?

Machine Learning 90

Machine Learning Data Collection Cost-Benefit Advertising 90

datapine

OCTOBER 21, 2020

In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. We will then look at 18 big data examples in healthcare that already exist and that medical-based institutions can benefit from.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

DataRobot

SEPTEMBER 16, 2021

Accurate pricing is essential to protecting an insurance company’s bottom line. Pricing directly impacts the near-term profitability and long-term health of an insurer’s book of business. The later introduction of Generalized Linear Models (GLM) significantly expanded the pricing actuary’s toolbox. Claim Count.

Modeling 52

Modeling Insurance Cost-Benefit Machine Learning 52

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. Are you seeing any specific issues around the insurance industry at the moment that should concern CDAOs?

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Occam's Razor

OCTOBER 15, 2012

The cost of failure in the offline world is so high that even when the cost of failure is low (online), they don't want to take the smallest risk. Note: The IAB (Interactive Advertising Bureau) and Google both benefit in their own way from the use of digital platforms. Think of it as attribution modeling. :).

Advertising 136

Advertising Marketing Strategy Insurance 136

IBM Big Data Hub

APRIL 4, 2024

Private cloud combines the main benefits of cloud computing—chiefly on-demand access to computing resources (e.g., Public vs. private vs. hybrid cloud In addition to private cloud computing, there are two other main cloud computing models: private cloud and hybrid cloud. Adobe Creative Suite, Slack).

Data Processing 91

Data Processing Cost-Benefit Software Digital Transformation 91

CIO Business Intelligence

AUGUST 15, 2023

Shamim Mohammad, CIO, CarMax CarMax That volume created a Sisyphean task for the company’s content writers, as they struggled to provide up-to-date information by make, model, and year for each vehicle in the company’s constantly changing inventory.

IT 98

IT Manufacturing IoT Cost-Benefit 98

IBM Big Data Hub

OCTOBER 12, 2023

The tasks behind efficient, responsible AI lifecycle management The continuous application of AI and the ability to benefit from its ongoing use require the persistent management of a dynamic and intricate AI lifecycle—and doing so efficiently and responsibly. Here’s what’s involved in making that happen.

Cost-Benefit 76

Cost-Benefit Metadata Data Governance Modeling 76

Occam's Razor

APRIL 30, 2018

The teams naturally gravitate towards optimization and measurement that spans their individual mini-universes. I cannot stress enough that these results can be positive (for the ad business and, in this case, the sales of insurance products). Second, trapped in the silo the vision for what will be measured and deemed as success.

Advertising 117

Advertising Metrics Measurement Insurance 117

IBM Big Data Hub

MARCH 28, 2024

A private cloud is a single-tenant cloud computing model in which all of the hardware and software resources are dedicated exclusively to—and accessible only by—a single organization. Private cloud combines the primary benefits of cloud computing (e.g., billion by 2033, up from USD 92.64 billion in 2023.

Enterprise 98

Enterprise Cost-Benefit Data Processing Software 98

Cloudera

MAY 6, 2021

In this article, I will be focusing on the contribution that a multi-cloud strategy has towards these value drivers, and address a question that I regularly get from clients: Is there a quantifiable benefit to a multi-cloud deployment? Infrastructure Cost Optimization. Germany (Primary Market) . North America (US East Region).

Strategy 92

Strategy Cost-Benefit Optimization Risk 92

CIO Business Intelligence

APRIL 22, 2022

Almost any IT pro can benefit from adding a project management certification to their list of IT credentials, showing you have the know-how to plan, schedule, budget, execute, deliver, and report on IT initiatives. Price : Fee depends on candidate’s nationality, as pricing is based on country-of-origin’s GDP; in the US, the exam cost is $514.

Management 111

Management Cost-Benefit Testing Risk 111

Domino Data Lab

AUGUST 20, 2019

Feature engineering is useful for data scientists when assessing tradeoff decisions regarding the impact of their ML models. It is a framework for approaching ML as well as providing techniques for extracting features from raw data that can be used within the models. We can also modify the features before we start the modeling process.

Testing 68

Testing Modeling Interactive Measurement 68

Occam's Razor

JANUARY 4, 2016

They make silly user experience decisions (Searching for car insurance options? It is measured as Orders/Visits. [Or, Built into that is the mental model that if you visit a website, then every Visit has to result in money for the site owner. It has always upset me that we measure success using the metric Revenue.

Metrics 88

Metrics Analytics Cost-Benefit Key Performance Indicator 88

Sisense

JULY 29, 2021

This data can be used for fuel-consumption calculations and even to reduce insurance rates. Ride Vision is planning its next level of growth by partnering with motorcycle manufacturers as well as resellers and insurers. This reduces the cost of cash distribution for banks and eases in-store cash management for merchants.

Insurance 52

Insurance Marketing Uncertainty Reporting 52

Sisense

DECEMBER 11, 2019

The challenge is to do it right, and a crucial way to achieve it is with decisions based on data and analysis that drive measurable business results. He outlined how critical measurable results are to help VCs make major investment decisions — metrics such as revenue, net vs gross earnings, sales , costs and projections, and more.

Data Lake 80

Data Lake Big Data Sales Data-driven 80

Occam's Razor

JULY 15, 2014

They should get a handful of numbers/charts (ideally identified upfront by the Digital Marketing and Measurement Model – DMMM) and they should get your brain in a box. I recommend a shift to Profit Per Click and Avinash Kaushik's custom attribution model. The words in English should ideally cover three things.

Dashboards 159

Dashboards Key Performance Indicator Snapshot Slice and Dice 159

Alation

NOVEMBER 9, 2021

This is why expanding data culture across the enterprise is a core focus for Travelers Insurance. In the survey, the top expected and realized benefits of a data culture include: Improved decision making, Process improvements, Cost reductions, Revenue growth, Competitive advantage, …and more. Crossing the Data Culture Gap.

Data-driven 52

Data-driven Cost-Benefit Reporting Data Governance 52

AWS Big Data

AUGUST 14, 2023

Taken together, the posts in this series lay out some possible operating models for data mesh within an organization. How do we define “risk” and “value” in the context of data products, and how can we measure this? Strategies for measuring value and prioritizing data products are explored later in this post.

Management 79

Management Risk Measurement Optimization 79