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 95

IT Digital Transformation IoT Cost-Benefit 95

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. Key strategies for effective supply chain management There are a number of ways that companies can better optimize and manage their supply chains.

Strategy 83

Strategy Management Forecasting Cost-Benefit 83

IBM Big Data Hub

MARCH 28, 2024

According to a report from Future Market Insights (link resides outside ibm.com), the global private cloud services market is forecast to grow to USD 405.30 Private cloud combines the primary benefits of cloud computing (e.g., billion by 2033, up from USD 92.64 billion in 2023. What is a private cloud? Zoom, Adobe, Salesforce).

Enterprise 100

Enterprise Cost-Benefit Data Processing Software 100

AWS Big Data

MAY 16, 2024

Because of this, many organizations are utilizing them as a support geography, aggregating their data to these grids to optimize both their storage and analysis. To learn more details about their benefits, see Introduction to Spatial Indexes. Figure 2 shows some of the possible types of savings with spatial indexes.

Data Warehouse 109

Data Warehouse Visualization Cost-Benefit Optimization 109

IBM Big Data Hub

DECEMBER 21, 2023

Reshoring manufacturing to the US ­ has been a significant trend in recent years, driven by geopolitical tensions, supply chain disruptions, proximity to customers and markets, eco-system synergies and the need for positive impact on the domestic economy. AI, automation and digital labor can help tackle these challenges.

Manufacturing 81

Manufacturing Cost-Benefit Machine Learning Optimization 81

CIO Business Intelligence

SEPTEMBER 1, 2023

based semiconductor giant opted to implement SDN within its chip-making facilities for the scalability, availability, and security benefits it delivers. But as part of Intel’s expansive plans to upgrade and build a new generation of chip factories in line with its Integrated Device Manufacturing (IDM) 2.0

Manufacturing 126

Manufacturing IT Cost-Benefit IoT 126

Cloudera

JANUARY 30, 2024

As we navigate the fourth and fifth industrial revolution, AI technologies are catalyzing a paradigm shift in how products are designed, produced, and optimized. There are many functional areas within manufacturing where manufacturers will see AI’s massive benefits. That is a very low number.

Manufacturing 79

Manufacturing Contextual Data IoT Digital Transformation 79

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 131

Manufacturing Strategy Cost-Benefit IoT 131

IBM Big Data Hub

DECEMBER 20, 2023

For instance, organizations can capitalize on a hybrid cloud environment to improve customer experience, comply with regulations, optimize costs, enhance data security and more. To create a successful cloud migration, organizations should create a workflow that includes comprehensive planning, execution and optimization.

Strategy 96

Strategy Cost-Benefit Digital Transformation Optimization 96

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 89

Management Internet of Things Cost-Benefit Uncertainty 89

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

Jen Stirrup

AUGUST 18, 2023

AI can help here in various ways, notably to support optimization in exploration and production efforts with a view on sustainability. AI can optimize drilling and production processes by analyzing enormous amounts of data at speed, such as seismic data, well logs, and reservoir simulation data.

Optimization 96

Optimization Cost-Benefit IoT Data-driven 96

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

MAY 25, 2022

PLM brings together people, data, processes, and business systems to aid an organization’s ability to develop, market, and support its products. After acquiring AMC, Chrysler implemented PLM throughout its enterprise, resulting in development costs that were half the industry average.

Management 89

Management Manufacturing Cost-Benefit IoT 89

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 72

Strategy Management Cost-Benefit IoT 72

IBM Big Data Hub

JUNE 14, 2023

artificial intelligence (AI) applications, the Internet of Things (IoT), robotics and augmented reality, among others) to optimize enterprise resource planning (ERP), making companies more agile and adaptable. Optimize workflows by analyzing data from multiple sources (e.g.,

Manufacturing 72

Manufacturing Technology Internet of Things Cost-Benefit 72

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

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 85

Technology Management Cost-Benefit Manufacturing 85

CIO Business Intelligence

AUGUST 16, 2022

Keith Bentley of software developer Bentley Systems describes digital twins as the biggest opportunity for IT value contribution to the physical infrastructure industry since the personal computer, and they’re used in a wide variety of industries , lending enterprises insights into maintenance and ways to optimize manufacturing supply chains.

Visualization 144

Visualization Cost-Benefit IoT ROI 144

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

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 82

Risk Cost-Benefit Digital Transformation Internet of Things 82

Smart Data Collective

MAY 17, 2021

A critical component of smarter data-driven operations is commercial IoT or IIoT, which allows for consistent and instantaneous fleet tracking. A fleet must be outfitted with these technologies to benefit, whether natively or after the fact using add-on solutions. The global IoT fleet management market is expected to reach $17.5

Big Data 100

Big Data Cost-Benefit IoT Machine Learning 100

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 73

Manufacturing Technology IoT Internet of Things 73

IBM Big Data Hub

JUNE 15, 2023

Here are some of the benefits of effective asset management software: Centralized asset information: Maintenance workers need to know where an asset is and how it’s performing at all times. In order to do this, many use a computerized maintenance management system (CMMS) as part of their overall EAM approach.

Management 68

Management Broadcasting Cost-Benefit IoT 68

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 142

Predictive Analytics Technology Analytics Machine Learning 142

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

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 61

Management Cost-Benefit Enterprise IoT 61

IBM Big Data Hub

FEBRUARY 6, 2024

A prime benefit of cloud computing for business is its flexibility for quickly and efficiently scaling resources to meet business demands, freeing organizations from investing time and expense into expanding their own physical IT infrastructure. Automation Automation tools are a significant feature of cloud-based infrastructure.

Cost-Benefit 101

Cost-Benefit Digital Transformation Software Modeling 101

CIO Business Intelligence

JANUARY 23, 2024

For example, manufacturers should capture how predictive maintenance tied to IoT and machine learning saves money and reduces outages. We track KPIs on execution (on-time delivery, cycle time for adoption), risks, outcomes for benefits (time to market, change failures, major incidents), and costs (TCO before and after adoption).”

Measurement 129

Measurement Digital Transformation KPI Metrics 129

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 94

Manufacturing Cost-Benefit Data Lake Optimization 94

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.

Data-driven 103

Data-driven Cost-Benefit Data mining Big Data 103

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

CIO Business Intelligence

JULY 31, 2023

How will the vision be enabled by disruptive technologies like Generative AI , IoT, and Cloud? After all, each of these is part of your mandate, as a CIO, to optimize the organization’s digital potential. What market forces are creating a burning platform for change? How much will it cost? What about for your employees?

Strategy 96

Strategy IT Cost-Benefit Finance 96

IBM Big Data Hub

MAY 26, 2023

Cloud computing offers the potential to redefine and personalize customer relationships, transform and optimize operations, improve governance and transparency, and expand business agility and capability. Of these breaches, 45% were cloud-based, costing USD 10.10M on an average, per breach.

Consulting 74

Consulting Cost-Benefit Optimization Machine Learning 74

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 93

IoT Internet of Things Data-driven Manufacturing 93

IBM Big Data Hub

FEBRUARY 7, 2024

And they could drive economic gains: Research shows markets for carbon-neutral goods and services may be worth $10.3 These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. trillion in economic benefits by 2030.

Reporting 91

Reporting Internet of Things Cost-Benefit Data-driven 91

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 122

Business Analytics Analytics Forecasting Business Analysis 122