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 71

Strategy Management Cost-Benefit IoT 71

Smart Data Collective

SEPTEMBER 11, 2020

Savvy technology evangelists recognize the importance of AI in the 21 st Century, especially as Internet technology continues to evolve. An article in CISCOMAG talks about the benefits of using AI in improving network security. Internet of Things. Internet of Things is a critical tool for businesses.

Technology 97

Technology IoT Internet of Things Cost-Benefit 97

BizAcuity

NOVEMBER 22, 2022

and without that, you run the risk of querying outdated values and returning irrelevant analytics. Applications such as e-commerce, gaming, and the Internet of things (IoT) commonly require real-time views of what’s happening. But, this again comes at a significantly increased cost. Operational Analytics. Conclusion.

Data Warehouse 98

Data Warehouse Cost-Benefit Data Lake Internet of Things 98

IBM Big Data Hub

APRIL 22, 2024

We use to collect data from 6,500+ utility bills we receive globally each year and summarize total energy consumption, cost, and renewable electricity purchases across to save many hours of calculations. Our approach includes applying AI, Internet of Things (IoT), and advanced data and automation solutions to empower this transition.

IoT 77

IoT Internet of Things Cost-Benefit Reporting 77

CIO Business Intelligence

MARCH 30, 2022

Emerging technologies such as artificial intelligence (AI), machine learning (ML), augmented reality (AR), the Internet of Things (IoT) and quantum computing can help organizations scale on demand, improve resiliency, minimize infrastructure investments and deploy solutions rapidly and securely. Collaborate Early and Often.

Technology 87

Technology Internet of Things ROI IoT 87

CIO Business Intelligence

JANUARY 24, 2024

At Vanguard, “data and analytics enable us to fulfill on our mission to provide investors with the best chance for investment success by enabling us to glean actionable insights to drive personalized client experiences, scale advice, optimize investment and business operations, and reduce risk,” Swann says.

Data Strategy 134

Data Strategy Strategy Unstructured Data Data Governance 134

CIO Business Intelligence

OCTOBER 1, 2022

The partners say they will create the future of digital manufacturing by leveraging the industrial internet of things (IIoT), digital twin , data, and AI to bring products to consumers faster and increase customer satisfaction, all while improving productivity and reducing costs. The power of people.

Manufacturing 144

Manufacturing Digital Transformation IoT Internet of Things 144

IBM Big Data Hub

JULY 26, 2023

Digital twin technology, an advancement stemming from the Industrial Internet of Things (IIoT), is reshaping the oil and gas landscape by helping providers streamline asset management, optimize performance and reduce operating costs and unplanned downtime. What is a digital twin?

Technology 53

Technology Cost-Benefit Optimization Internet of Things 53

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 56

Cost-Benefit IoT Internet of Things Enterprise 56

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 108

Cost-Benefit Internet of Things Data-driven Data Lake 108

BizAcuity

APRIL 1, 2023

and without that, you run the risk of querying outdated values and returning irrelevant analytics. Operational Analytics Applications such as e-commerce, gaming, and the Internet of things (IoT) commonly require real-time views of what’s happening. But, this again comes at a significantly increased cost.

Data Warehouse 52

Data Warehouse Cost-Benefit Data Lake Internet of Things 52

CIO Business Intelligence

APRIL 6, 2022

The first wave of edge computing: Internet of Things (IoT). For most industries, the idea of the edge has been tightly associated with the first wave of the Internet of Things (IoT). In addition, retrofitting existing equipment with sensors was often cost prohibitive. Moving beyond IoT 1.0.

IoT 92

IoT Internet of Things Data-driven Manufacturing 92

CIO Business Intelligence

JULY 13, 2023

My first step in that process is sharing some of the great insights I learned with all of you. The rapid expansion of the Internet of Things (IoT), fueled by generative AI, is putting increasing pressure on data centers worldwide. To fulfill this, companies can be transparent about their strategies and risk management.

IT 82

IT Internet of Things Strategy IoT 82

Corinium

APRIL 25, 2019

For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. Life insurance needs accurate data on consumer health, age and other metrics of risk. Now, there is a data risk here.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Smart Data Collective

APRIL 24, 2019

If you represent a manufacturing concern and you’re wondering about the benefits of capturing and analyzing operational data , you’ve come to the right place. That’s a resounding show of approval, especially when you consider the pressure modern enterprises are up against when it comes to cutting costs.

Analytics 99

Analytics Manufacturing Cost-Benefit Internet of Things 99

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

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. Here are some of their findings.

Data Analytics 76

Data Analytics Internet of Things Analytics Big Data 76

BizAcuity

MARCH 1, 2019

There is a coherent overlap between the Internet of Things and Artificial Intelligence. This is where AI-based analysis and response play a critical role in extracting optimal value from the data. Evolution of Internet of Things. to make better decisions and risk assessments. Bringing the power of AI to IoT.

IoT 56

IoT Internet of Things Big Data Data-driven 56

Sisense

JANUARY 13, 2020

Manufacturing constantly seeks ways to increase efficiency, reduce costs, and unlock productivity and profitability. Modern factories are full of machines, sensors, and devices that make up the Internet of Things. Embedded analytics are particularly valuable in terms of quality control and optimizing manufacturing efficiency.

Manufacturing 52

Manufacturing Data Lake Big Data Data Warehouse 52

IBM Big Data Hub

JUNE 14, 2023

An innovative application of the Industrial Internet of Things (IIoT), SM systems rely on the use of high-tech sensors to collect vital performance and health data from an organization’s critical assets. Optimize workflows by analyzing data from multiple sources (e.g.,

Manufacturing 72

Manufacturing Technology Internet of Things Cost-Benefit 72

IBM Big Data Hub

MAY 31, 2023

Without due care and attention, things break—regardless of whether that’s a transformer in an electricity grid, an axle bearing on a train or a refrigerator in a restaurant. 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 87

Cost-Benefit Strategy IoT Internet of Things 87

IBM Big Data Hub

JUNE 29, 2023

Here, we will compare digital twins and digital threads, and discuss potential use cases and benefits. Digital twin technology uses Industrial Internet of Things (IIoT) sensors, machine learning and simulation software to collect product data and generate accurate models. What are digital twins?

Internet of Things 54

Internet of Things Manufacturing Digital Transformation Optimization 54

IBM Big Data Hub

AUGUST 11, 2023

Gathering data from machines, sensors, operators and other Industrial Internet of Things (IIoT) devices, they provide accurate and up-to-date insights into the status of production activities. MES systems can assist managers with process management and process control, helping to facilitate optimal performance of manufacturing.

Software 68

Software Manufacturing Cost-Benefit ROI 68

Alation

MAY 12, 2022

But without the right data practices in place you run the risk of misusing data and missing opportunities. What are the benefits of data governance in manufacturing? Centralize, optimize, and unify data. Manage and mitigate risk. With so much economic uncertainty, coupled with the unrelenting advance of “Industry 4.0”

Manufacturing 52

Manufacturing Data Governance Cost-Benefit IoT 52

IBM Big Data Hub

AUGUST 8, 2023

Large organizations are comprised of many assets that require continuous monitoring to ensure optimal productivity. Whatever the case, large organizations can benefit from enterprise asset management (EAM) software to manage all the physical stuff the company owns.

Software 50

Software Enterprise Management Cost-Benefit 50

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. Read this blog post to explore how digital twins can help you optimize your asset performance. The four stages of ALM 1.

Strategy 53

Strategy Management IoT Cost-Benefit 53

IBM Big Data Hub

JUNE 30, 2023

Machinery, equipment, facilities and vehicles provide economic value or benefit operations. Organizations can’t work effectively if they don’t invest to keep their assets running cost-effectively throughout their lifecycle. Most organizations can’t run without physical assets. Let’s explore these in more depth.

Management 60

Management Cost-Benefit Enterprise IoT 60

IBM Big Data Hub

JUNE 10, 2024

Beyond that, household devices blessed with Internet of Things (IoT) technology means that CPUs are now being incorporated into refrigerators, thermostats, security systems and more. Peripheral proliferation: Peripheral devices help optimize and increase the functionality of computing.

Manufacturing 62

Manufacturing Forecasting Data-driven Internet of Things 62

IBM Big Data Hub

AUGUST 30, 2023

It is an enterprise cloud-based asset management platform that leverages artificial intelligence (AI) , the Internet of Things (IoT) and analytics to help optimize equipment performance, extend asset lifecycles and reduce operational downtime and costs. However, there are a few additional requirements to consider.

Data Processing 67

Data Processing Cost-Benefit Internet of Things Enterprise 67

IBM Big Data Hub

JUNE 29, 2023

Digitalization has had a profound impact on the manufacturing sector, enabling businesses to optimize processes, improve quality and reduce costs. Artificial intelligence (AI) One of the most significant benefits of artificial intelligence (AI) in manufacturing is its ability to analyze vast amounts of data in real-time.

Manufacturing 55

Manufacturing Internet of Things Cost-Benefit Digital Transformation 55

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. Democratization of data.

IoT 104

IoT Analytics Manufacturing Cost-Benefit 104

IBM Big Data Hub

FEBRUARY 9, 2024

According to a recent IBM survey of over 1,000 employees at enterprise-scale companies , the top three factors driving AI adoption were advances in AI tools that make them more accessible, the need to reduce costs and automate key processes and the increasing amount of AI embedded into standard off-the-shelf business applications.

Cost-Benefit 95

Cost-Benefit Modeling Data-driven Enterprise 95