IBM Big Data Hub

FEBRUARY 14, 2024

Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). More benefits from AI include building a more sustainable IT system and improving the continuous integration/continuous (CI/CD) delivery pipelines.

Cost-Benefit 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

CIO Business Intelligence

SEPTEMBER 13, 2022

For the evolution of its enterprise storage infrastructure, Petco had stringent requirements to significantly improve speed, performance, reliability, and cost efficiency. Salem Five ended up banking on Infinidat for its storage because InfiniBox is an extremely reliable platform that self-optimizes performance.

Enterprise 97

Enterprise Insurance Cost-Benefit ROI 97

IBM Big Data Hub

JANUARY 18, 2024

Chatbot benefits for customers Your customers enjoy numerous benefits, many of which also benefit your company in return. Benefits for your company AI chatbots respond quickly, accurately process natural human language and automate personalized experiences, offering numerous benefits and new opportunities to your organization.

Cost-Benefit 96

Cost-Benefit Interactive Sales Insurance 96

IBM Big Data Hub

AUGUST 16, 2023

Nevertheless, I also understand the criticality of evaluating the inherent risks before embarking on its direct adoption within our organizations. In this discussion, I explore the risks and challenges associated with ChatGPT in an enterprise context, necessitating a careful approach to its implementation.

Risk 58

Risk Modeling Enterprise Interactive 58

CIO Business Intelligence

NOVEMBER 8, 2023

The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. They weren’t communicating enough and it cost them a lot,” he says. in June, 2022, to 3.7% Here’s how.

IT 133

IT Cost-Benefit Digital Transformation Software 133

CIO Business Intelligence

DECEMBER 5, 2023

Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Each dollar of operational cost reduction drips directly to the bottom line.”

IT 138

IT Cost-Benefit Digital Transformation ROI 138

Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. They include; Credit risk assessment. Credit risk assessment entails estimating the probability of a prospective borrower failing to repay a loan. Doing so saves time for the agent and customer and reduces cost. AI in fintech is here to stay.

Marketing 112

Marketing Technology Insurance Machine Learning 112

datapine

AUGUST 19, 2020

In our cutthroat digital economy, massive amounts of data are gathered, stored, analyzed, and optimized to deliver the best possible experience to customers and partners. At the same time, inventory metrics are needed to help managers and professionals in reaching established goals, optimizing processes, and increasing business value.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

AWS Big Data

FEBRUARY 1, 2024

Trade quality and optimization – In order to monitor and optimize trade quality, you need to continually evaluate market characteristics such as volume, direction, market depth, fill rate, and other benchmarks related to the completion of trades. The solution should be scalable, cost-efficient, and straightforward to adopt and operate.

Data Warehouse 120

Data Warehouse Dashboards Risk Management Risk 120

Smart Data Collective

JUNE 30, 2022

More companies are using data analytics to optimize their business models in creative ways. Some of the ways that data analytics can help companies improve their logistics include: Optimizing transportation routes Improving shipment schedules Reducing errors with delivery and pickup. Optimized inventory management.

Analytics 113

Analytics Cost-Benefit Analytics Technologies Big Data 113

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

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. Control Operational Costs. Here’s why.

Data-driven 106

Data-driven Cost-Benefit Data mining Big Data 106

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives. Establishing a Data Foundation. To learn more, visit HPE.

Data Governance 145

Data Governance IT Risk Data Lake 145

Smart Data Collective

SEPTEMBER 28, 2022

You can then optimize product placement on the shelves or product placement in advertisements based on customer preference. Big data management has many benefits. This reduces the risk that inaccurate information will be used in your organization’s decision-making, which could result in poor business outcomes. Conclusion.

Big Data 107

Big Data Management Data Quality Cost-Benefit 107

Cloudera

JANUARY 5, 2023

In the past year, businesses who doubled down on digital transformation during the pandemic saw their efforts coming to fruition in the form of cost savings and more streamlined data management. This is especially so in industries like telecom, retail, healthcare, manufacturing, insurance, and financial services.

Cost-Benefit 52

Cost-Benefit Business Objectives Machine Learning Data Architecture 52

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 96

Cost-Benefit Modeling Manufacturing Interactive 96

CIO Business Intelligence

FEBRUARY 13, 2023

We run factories and help companies run them and optimize them” and AI is used to optimize everything from getting more throughput to better quality to preventative maintenance, productivity, and cost optimization, Nardecchia says. It’s all about uptime and input.

IT 145

IT Insurance Machine Learning Marketing 145

IBM Big Data Hub

FEBRUARY 13, 2024

Healthcare, insurance and education are more hesitant due to the legal and compliance efforts to which they must adhere—and the lack of insight, transparency and regulation in generative AI. Product development : Generative AI is increasingly utilized by product designers for optimizing design concepts on a large scale.

Enterprise 125

Enterprise Modeling Testing Data-driven 125

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

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

IT 105

IT Cost-Benefit ROI Risk 105

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. But that was for tasks that the AI was good at.

IT 128

IT Consulting Testing Cost-Benefit 128

BizAcuity

JULY 26, 2021

Reduced costs . On top of that, the On-prem cloud gives the flexibility to scale up the data load automatically as per changing demand requirements, thereby optimizing performance and efficiency without personal intervention. . Improved security and risk management. Hardware costs. Increased agility and innovation.

IT 52

IT Cost-Benefit Data Processing Risk 52

Jet Global

DECEMBER 9, 2020

It’s ironic that many of those same businesses fail to devote the necessary time and energy to optimizing working capital. Inventory reduction has other benefits as well. The cost of holding inventory is often overlooked. Insurance and excise taxes may reduce as inventory levels decline.

Reporting 81

Reporting Finance Sales Measurement 81

IBM Big Data Hub

OCTOBER 3, 2022

A large North American healthcare organization uses AI-infused data fabric architecture to help them identify vulnerable members who can benefit from timely intervention. The goal was to predict these risk periods within 30–60 days before hospitalization would be necessary, to give community health advocates time to intervene.

Machine Learning 52

Machine Learning Risk Insurance Cost-Benefit 52

Smarten

MAY 16, 2019

Perhaps the greatest risk to a lending organization is that presented by loan applicants who are unprepared to fulfill the long-term obligation of paying off a loan. Advanced analytics solutions are perfect for credit unions, banks, insurance businesses, auto and real estate loan processes. Marketing Optimization.

Predictive Analytics 40

Predictive Analytics Analytics Predictive Modeling Insurance 40

Cloudera

AUGUST 31, 2021

Yet, these legacy solutions are showing their age and can no longer meet these new demands in a cost-effective manner. It outperforms other data warehouses on all sizes and types of data, including structured and unstructured, while scaling cost-effectively past petabytes. Accenture’s Smart Data Transition Toolkit – A Deeper Look .

Data Warehouse 84

Data Warehouse Cost-Benefit Metadata Data-driven 84

Domino Data Lab

JULY 28, 2021

There are many software packages that allow anyone to build a predictive model, but without expertise in math and statistics, a practitioner runs the risk of creating a faulty, unethical, and even possibly illegal data science application. This almost always results in lack of adoption, and can also expose an organization to risk.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

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. There is an art and a science behind each investment decision.

Digital Transformation 135

Digital Transformation ROI Strategy Technology 135

CIO Business Intelligence

MAY 1, 2024

Telcos surveyed by McKinsey demonstrated the same blend of optimism and restraint as other industries, with a majority claiming to have cut costs with gen AI, and seen increases in call center agent productivity and improvement in marketing conversion rates with personalized content — both with models deployed in weeks rather than months.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

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

bridgei2i

JUNE 30, 2020

And the customers are avoiding the risk of exposure. 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. There is a significant shift in the buying channel towards digital e-commerce.

Enterprise 98

Enterprise Technology Digital Transformation Manufacturing 98

Sisense

NOVEMBER 5, 2020

Every company has implemented some application designed to improve employee experience, training and development, performance, benefits and compensation, and more. Identifying trends, for instance, that as employees reach a certain tenure, they run a higher risk of leaving the organization. Transforming the employee experience.

People Analytics 85

People Analytics Analytics Digital Transformation Metrics 85

bridgei2i

MAY 26, 2020

It is even more essential now that supply chains are empowered with a high standard of data and analytics sophistication to be able to cost-effectively serve the company’s purpose and combat risks at the same time. And I’m sure our listeners will benefit from this. Anushruti: Perfect. Love the simile, by the way.

Enterprise 131

Enterprise Management Forecasting Manufacturing 131

CIO Business Intelligence

JANUARY 8, 2024

“As we head into the new year, CIOs and other IT leaders will need to understand how innovation can disrupt the business from both an internal and external perspective and make decisions with measured risk taking and a strong focus on priority outcomes.” As AI continues to redefine work, its benefits are already becoming clear.

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

CIO Business Intelligence

APRIL 24, 2024

The first use of generative AI in companies tends to be for productivity improvements and cost cutting. But there are only so many costs that can be cut. CIOs are well positioned to cut costs since they’re usually well acquainted with a company’s digital processes, having helped set them up in the first place.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

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

CIO Business Intelligence

MAY 28, 2022

As the Boston-based insurance company’s journey to the cloud has unfolded, it has also maintained a select set of datacenters from which to run legacy applications more economically than they would on the cloud, as well as software from vendors that make licensing on the cloud less attractive. The benefits of a solid cloud foundation.

Insurance 145

Insurance Machine Learning Digital Transformation Cost-Benefit 145