CIO Business Intelligence

FEBRUARY 22, 2024

Since its creation over five years ago, the Digital Hub has included a team of experts in innovation, technologies, and trends — such as IoT, big data, AI, drones, 3D printing, or advances in customer experience — who work in concert with other business units to identify and execute new opportunities.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

Smart Data Collective

FEBRUARY 3, 2022

For the first time, the Internet of Things (IoT) appeared in 1999. In other words, the IoT system means connecting things (equipment) to the Internet for improving the quality of people’s life. In other words, the IoT system means connecting things (equipment) to the Internet for improving the quality of people’s life.

Internet of Things 114

Internet of Things IoT Cost-Benefit Interactive 114

Smart Data Collective

MARCH 28, 2021

One of these challenges would be not being able to adjust to market changes dictated by demand as quickly as their competitors. Although there are many benefits of moving to the cloud , this decision is not without its risks. Reduced Costs and Downtime. This is a game-changer in industrial IoT applications.

Cost-Benefit 137

Cost-Benefit IoT Internet of Things Data-driven 137

BizAcuity

MARCH 1, 2019

IoT is basically an exchange of data or information in a connected or interconnected environment. As IoT devices generate large volumes of data, AI is functionally necessary to make sense of this data. IoT and AI together make this context, i.e. ‘connected intelligence’ from connected devices. Bringing the power of AI to IoT.

IoT 56

IoT Internet of Things Big Data Data-driven 56

CIO Business Intelligence

OCTOBER 27, 2022

A key driver for this is the steep resource cost in keeping customized implementations apace with the latest features — a cost many CIOs forgo in favor of stagnancy, at the risk of falling behind. This is cumbersome and leads to additional cost. Currently about 60% to 65% of the ERP market in India is still on-premise.

IT 145

IT Cost-Benefit Finance Marketing 145

CIO Business Intelligence

OCTOBER 16, 2023

Huawei’s digital manufacturing platform Huawei has some impressive examples of how its digital manufacturing methodologies and platform have delivered results in its own manufacturing lines, making full use of advanced technologies such as Artificial Intelligence, IoT and 5G. They’ve improved compilation tenfold and product delivery by 30%.

Manufacturing 133

Manufacturing Strategy Cost-Benefit IoT 133

IBM Big Data Hub

FEBRUARY 19, 2024

On top of disruption, companies with global supply chains must also deal with different regulatory environments, cultural norms and market conditions. These technologies can significantly reduce manual labor, minimize errors and speed up processes, leading to increased efficiency and cost savings.

Strategy 89

Strategy Management Forecasting Cost-Benefit 89

Smart Data Collective

SEPTEMBER 11, 2020

An article in CISCOMAG talks about the benefits of using AI in improving network security. IoT is the technology that enhances communication by connecting network devices and collecting data. AI is leading to massive changes in the IoT market. Experts project that 40% of all IoT changes will be shaped by AI.

Technology 97

Technology IoT Internet of Things Cost-Benefit 97

CIO Business Intelligence

APRIL 27, 2023

At this time of dynamic business and market changes, uncertainty, and quickly evolving consumption models for IT infrastructure, every IT executive understands the benefits and necessity of network agility. Agile networks can respond quickly to changes in the market, customer demands, employee requirements, and technology advances.

Management 98

Management Internet of Things Cost-Benefit Uncertainty 98

IBM Big Data Hub

MARCH 27, 2024

Other leaders remind you that the company’s primary allegiance is to the bottom line and that your solution needs to be cost-effective and “thread the needle” by providing the most return for the least investment possible. Development costs to survey the land, clear the site and prepare it for construction.

Cost-Benefit 110

Cost-Benefit Internet of Things Recreation/Entertainment Marketing 110

IBM Big Data Hub

JANUARY 15, 2024

A recent study found that McKinsey research shows that organizations that “launched some flavor of digital transformation,” have only experienced a third of the expected revenue benefits on average. The Internet of Things (IoT) enables technologies to connect and communicate with each other.

Digital Transformation 78

Digital Transformation Internet of Things IoT Consulting 78

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. This led to slowing adoption rates of IoT.

IoT 105

IoT Internet of Things Data-driven Manufacturing 105

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 77

Strategy Management Cost-Benefit IoT 77

Smart Data Collective

MARCH 29, 2021

And this is usually at the lowest possible costs in terms of material and machinery. Over the years, asset-intensive industries have been searching for cost-efficient ways of managing, repairing, and overhauling activities. IoT automates data collection, in addition to simplifying data mining. Below are some of these trends.

Big Data 137

Big Data Management Cost-Benefit Internet of Things 137

Smart Data Collective

SEPTEMBER 22, 2021

We have frequently talked about the benefits of using big data to make the most of your online marketing efforts. However, there are also a number of ways to use data analytics technology to execute your offline marketing strategies such as print marketing effectively as well. Saving Time & Efficiency.

Management 98

Management Cost-Benefit Big Data Data-driven 98

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 103

Data-driven Cost-Benefit Data mining Big Data 103

Cloudera

MAY 4, 2022

Benefits aplenty. The beauty of AI is that it promises to deliver more benefits than you can even imagine. Among the benefits of AI-first strategies are: Operational efficiency. The result is fewer costs for the company and improved satisfaction for the customer. Efficiency is a continual goal for any organization.

Cost-Benefit 129

Cost-Benefit Internet of Things Insurance Data-driven 129

Cloudera

JANUARY 30, 2024

With the ability of manufacturers to store a huge volume of historical data, AI can be applied in general business areas of any industry, like developing recommendations for marketing, supply chain optimization, and new product development. That is a very low number. Manufacturers who want to get ahead must understand data’s role and value.

Manufacturing 78

Manufacturing Contextual Data IoT Digital Transformation 78

Smart Data Collective

FEBRUARY 17, 2021

In 2017, the global market for healthcare analytics was valued at $16.9 While there are a number of benefits of using data analytics in healthcare, there are also going to be some challenges. There are a number of IoT applications in the healthcare sector , which have been gaining popularity in recent years.

Big Data 71

Big Data Software Marketing Snapshot 71

CIO Business Intelligence

APRIL 4, 2024

The cost of implementing and running AI models can be quite high, so you have to be really careful in assessing the business worthiness of AI use cases,” he says. Production is another area that benefits from AI. “At It was essential because we don’t have a plethora of AI resources, and you need a model to start with,” she says.

Enterprise 134

Enterprise Cost-Benefit Forecasting Strategy 134

Cloudera

SEPTEMBER 24, 2021

Reductions in the cost of compute and storage, with efficient appliance based architectures, presented options for understanding more deeply what was actually happening on the network historically, as the first phase of telecom network analytics took shape. Second, the cost of data was getting out of control – literally.

Analytics 91

Analytics IoT Cost-Benefit Big Data 91

Smart Data Collective

AUGUST 3, 2023

Its implementation offers numerous benefits and applications that streamline operations and enhance efficiency. Fleet managers increasingly turn to cutting-edge technologies to boost productivity and save costs. Look at the top blockchain benefits and how they improve fleet management.

Technology 84

Technology Management Cost-Benefit Manufacturing 84

Smart Data Collective

MARCH 23, 2022

There are a lot of benefits of utilizing AI technology in the automotive sector. Many companies are using AI to create more energy efficient and cost-effective vehicles. Although there are many benefits of embedding AI in these cars, one of the biggest selling points is that it makes vehicles safer.

IoT 108

IoT Internet of Things Testing Cost-Benefit 108

CIO Business Intelligence

AUGUST 16, 2023

Nearly 15 years ago, the then Vägverket Produktion was incorporated so road maintenance on Sweden’s national road network could be put on the competitive open market. Taking out the trash Division Drift has been key to disruptively digitize Svevia’s remit with the help of the internet of things (IoT), data collection, and data analysis.

Risk 98

Risk Cost-Benefit Digital Transformation Internet of Things 98

CIO Business Intelligence

OCTOBER 6, 2022

billion market in 2024. This naturally leads to faster and richer insights, in turn enabling better business outcomes and facilitates new breakthroughs and better differentiation in products and services while driving greater cost savings,” said Mike Yang, President at Quanta Cloud Technology, better known as QCT.

Internet of Things 98

Internet of Things Manufacturing Digital Transformation Cost-Benefit 98

CIO Business Intelligence

JULY 31, 2023

How will the vision be enabled by disruptive technologies like Generative AI , IoT, and Cloud? What market forces are creating a burning platform for change? How much will it cost? How will the company have improved for your customers once the vision is achieved? What about for your employees? Why change now?

Strategy 98

Strategy IT Cost-Benefit Finance 98

CIO Business Intelligence

JANUARY 12, 2023

Answering these concerns, smart factories are moving to another edge: edge computing, where operational data from Internet of Things (IoT) sensors can be collected and processed for insights in near-real-time. 2] As with any advancement in technology, edge computing comes with benefits and drawbacks. A lot of it.

Manufacturing 75

Manufacturing Technology IoT Internet of Things 75

CIO Business Intelligence

JUNE 2, 2022

Among the hot technologies, artificial intelligence and machine learning — a subset of AI that that makes more accurate forecasts and analysis as it ingests data — continue to be of high interest as banks keep a strong focus on costs while trying to boost customer experience and revenue. AI enhances operational efficiency.

Predictive Analytics 145

Predictive Analytics Technology Analytics Machine Learning 145

CIO Business Intelligence

FEBRUARY 17, 2023

The business benefits of analytics in the cloud First, US Konica Minolta’s hop to the cloud will improve overall efficiencies and cut IT maintenance costs, Lee notes. Implementing more IoT sensors into its multifunction machines will also drive new business services as part of the company’s connected product strategy, he says.

Digital Transformation 105

Digital Transformation IoT Manufacturing Sales 105

CIO Business Intelligence

NOVEMBER 23, 2022

This has become a priority for businesses that are trying to keep up with new technologies such as the cloud, IoT, machine learning, and other emerging trends that will prompt digital transformation. Bizzdesigns asked respondents what IT benefits their EA program currently delivers and the top response was improved IT investment decisions.

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

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 121

Business Analytics Analytics Forecasting Business Analysis 121

IBM Big Data Hub

JULY 27, 2023

The oil and gas industry remains an integral part of the energy landscape, but it faces a number of modern challenges, including volatile market conditions, expanding environmental regulations and the growing need for operational efficiency. As of 2022, the EAM market was valued at nearly $6 billion , with a compound annual growth rate of 16.9%

Cost-Benefit 60

Cost-Benefit IoT Internet of Things Enterprise 60

Jen Stirrup

AUGUST 18, 2023

From a cost perspective, AI keeps reducing downtime. AI also benefits energy management through predictive maintenance because it means more careful use of energy consumption across oil and gas operations. AI-powered analytics can help predict energy demand, supply, and market trends.

Optimization 96

Optimization Cost-Benefit IoT Data-driven 96

IBM Big Data Hub

JUNE 30, 2023

As an added benefit, this can reduce working capital tied up to carrying high M&R part inventory levels. ​ Ensuring improved performance by proving out fulfillment scenarios prior to go-live​ Intelligently balancing omnichannel fulfillment costs against service to protect margins. The possibilities?

Consulting 72

Consulting Cost-Benefit Manufacturing B2B 72

CIO Business Intelligence

JULY 12, 2023

However, some things are common to virtually all types of manufacturing: expensive equipment and trained human operators are always required, and both the machinery and the people need to be deployed in an optimal manner to keep costs down. Moreover, lowering costs is not the only way manufacturers gain a competitive advantage.

Manufacturing 98

Manufacturing Cost-Benefit Data Lake Optimization 98

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. Smart manufacturing at scale. The power of people.

Manufacturing 145

Manufacturing Digital Transformation IoT Internet of Things 145

BizAcuity

JULY 15, 2022

Quite recently, the logistics industry was introduced to Edge and Fog cloud computing , to make the use of IoT devices (for analytics) cost-effective and efficient. As a result, the demand for IoT devices is expected to sky-rocket in the near-future. These features make it a transparent and trusted system to work with.

Technology 52

Technology Management IoT Cost-Benefit 52