Smart Data Collective

JUNE 16, 2022

For both reasons, the role of CIOs has to embrace automation and analytical thinking in strategizing the organization’s initiatives. Until now, they were proactively involved to maximize IT efficiencies and accelerate cost savings in general. They are using analytics to help drive business growth. Extract Value From Customer.

Business Analytics 123

Business Analytics Analytics Forecasting Business Analysis 123

IBM Big Data Hub

JUNE 29, 2023

When a critical asset like an expensive piece of machinery or infrastructure breaks unexpectedly, it affects customers and can cost companies millions. Enterprises are constantly looking for new ways to optimize performance, increase reliability and extend asset lifespans—all without adding unnecessary costs. What is an asset?

Cost-Benefit 89

Cost-Benefit Measurement Management Predictive Analytics 89

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 94

Analytics IoT Cost-Benefit Big Data 94

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Global companies spent over $92.5 Here’s why.

Data-driven 104

Data-driven Cost-Benefit Data mining Big Data 104

Cloudera

FEBRUARY 12, 2018

What exactly can we expect for IoT in 2018, and how can you improve your organization with connected devices? Federal Tech Talk looks at the world of high technology in the federal government and, as its host, John speaks the language of federal CISOs, CIOs, and CTOs.

IoT 40

IoT Big Data Cost-Benefit Manufacturing 40

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. But which innovations are showing the most potential?

Cost-Benefit 62

Cost-Benefit IoT Internet of Things Enterprise 62

IBM Big Data Hub

FEBRUARY 23, 2024

Beyond the simplistic chat bubble of conversational AI lies a complex blend of technologies, with natural language processing (NLP) taking center stage. Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends.

Enterprise 108

Enterprise Interactive Data-driven Key Performance Indicator 108

Cloudera

AUGUST 18, 2021

In digital transformation projects, it’s easy to imagine the benefits of cloud, hybrid, artificial intelligence (AI), and machine learning (ML) models. technologies. technologies. In modern hybrid environments, data traverses clouds, on-premise infrastructure and IoT networks, so the process can get very complex.

Data Lake 88

Data Lake IoT Internet of Things Data-driven 88

Smart Data Collective

JULY 17, 2019

Big data and artificial intelligence technology is going to play an extremely important role in the near future in the future of senior care. Fortunately, new AI technology could alleviate many of these concerns. New IOT devices will facilitate in-home senior care. This reduces the costs involved. Cutting marketing costs.

Cost-Benefit 84

Cost-Benefit Machine Learning Advertising Risk 84

Cloudera

JANUARY 14, 2021

Blended use brick and mortar enable better pricing and convenience to consumers than digital pure-plays, and physical stores now serve as micro-fulfillment centers—through BOPIS (buy online, pick-up in-store) or curbside delivery—and drive down overall cost-to-serve. Reinventing Brick and Mortar is Delivering Fresh Customer Experiences.

Cost-Benefit 70

Cost-Benefit Digital Transformation Sales IoT 70

Cloudera

AUGUST 3, 2021

Advanced analytics and enterprise data empower companies to not only have a completely transparent view of movement of materials and products within their line of sight, but also leverage data from their suppliers to have a holistic view 2-3 tiers deep in the supply chain. Digital Transformation is not without Risk.

Analytics 109

Analytics Digital Transformation Risk Forecasting 109

IBM Big Data Hub

JUNE 14, 2023

Smart manufacturing (SM)—the use of advanced, highly integrated technologies in manufacturing processes—is revolutionizing how companies operate. Smart manufacturing, as part of the digital transformation of Industry 4.0 , deploys a combination of emerging technologies and diagnostic tools (e.g.,

Manufacturing 80

Manufacturing Technology Internet of Things Cost-Benefit 80

Smart Data Collective

SEPTEMBER 26, 2019

Demand for big data is part of the reason for the growth, but the fact that big data technology is evolving is another. Moreover, developers themselves are using predictive analytics in their software development processes. One of the primary elements of data integration and analytics in software development is having good data.

Big Data 80

Big Data Software Unstructured Data Data Integration 80

AWS Big Data

MAY 16, 2024

As technology continues to evolve, one specific facet of this journey is reaching unprecedented proportions: geospatial data. To learn more details about their benefits, see Introduction to Spatial Indexes. Learn more about the benefits of using hexagons for location intelligence at Hexagons for Location Intelligence.

Data Warehouse 82

Data Warehouse Visualization Cost-Benefit Optimization 82

BizAcuity

JUNE 3, 2022

Current trends show retailers experimenting with emerging technologies like Predictive Analytics and IoT. The use of predictive analytics for demand forecasting has been trending for the past few years. Another technology that is supporting the digital transformation of retail businesses in the cloud.

Data Analytics 59

Data Analytics Analytics Forecasting Predictive Analytics 59

Corinium

APRIL 25, 2019

And more recently, we have also seen innovation with IOT (Internet Of Things). Most enterprises in the 21st century regard data as an incredibly valuable asset – Insurance is no exception - to know your customers better, know your market better, operate more efficiently and other business benefits. That’s the reward. This stuff works.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

IBM Big Data Hub

SEPTEMBER 11, 2023

Benefits Present Value (PV) of $3.43M and Net Present Value (NPV) of $2.42M Three-year benefits include higher growth through better customer experience of $1.76M , automation-driven productivity gains of $1.20M , and data-driven operational improvements of $473K What is IBM Db2 (LUW)? is a proven, versatile, and AI-ready solution.

Machine Learning 93

Machine Learning Cost-Benefit IoT Data Warehouse 93

Cloudera

NOVEMBER 4, 2020

Here the insurance industry has a tremendous opportunity to leverage the data sourced from new technology to improve risk assessments and underwriting models – wearable tech such as fitness trackers and other smart devices, geo location, telematics. To provide the best price, the insurer needs to better understand their customer.

Insurance 113

Insurance Machine Learning Risk IoT 113

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. 3) Artificial Intelligence.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361