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MRO spare parts optimization

IBM Big Data Hub

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0

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Addressing cloud waste: 4 steps to cloud computing cost optimization

CIO Business Intelligence

Now, more than a decade later, business leaders recognize the advantages the cloud offers but are struggling with bloated cloud costs. Andreesen Horowitz coined the phrase the Cloud Paradox in a 2021 article , which posits that the pressure the cloud puts on company margins can start to outweigh the benefits over time.

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IBM to buy Apptio for $4.6B to help companies optimize IT spend

CIO Business Intelligence

billion to help enterprises optimize their IT expenditure, particularly cloud costs, as they try to navigate uncertain macroeconomic conditions. While ApptioOne can be used by enterprises to manage hybrid cloud, Apptio Cloudability can be used to monitor public cloud spending and expenditure optimization.

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Optimizing Cost with DevOps on the Cloud

Smart Data Collective

Are you looking for a way to reduce the cost of your development efforts? The cost savings associated with DevOps on the cloud are significant. By leveraging existing cloud-based services, businesses can save time and money by avoiding costly IT overhead costs like maintenance, licensing fees, and server infrastructure setup.

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Common Use Cases for Mathematical Optimization

Mathematical optimization is a subset of artificial intelligence and a type of prescriptive analytics. It determines ways in which business processes should evolve or be modified, providing implementable solutions with known cost and/or benefit. Want ballpark estimates of value and benefits achieved through optimization.

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Optimizing PCI compliance in financial institutions

CIO Business Intelligence

How can implementing a CCA benefit financial institutions and their various business units in their quest for PCI security compliance? That, in turn, reduces IT cost, the time it takes staff to learn the environment, and the time to market. The architect chooses and orders the patterns available in the portfolio to meet the end goal.

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IT Budgeting Practices for Data-Driven Companies

Smart Data Collective

While there are many benefits of big data technology, the steep price tag can’t be ignored. We mentioned that data analytics offers a number of benefits with financial planning. You also need to optimize it. How to Optimize IT Budgeting? The main premise of this post is to help you optimize your IT budget.

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Supply Chain Network Design in 30 Minutes

Speaker: Catalina Perez Leiva

Does it overly contribute to your costs? Has Excel reached its limits for mathematical optimization? Is your supply chain complex? Learn how AIMMS Network Design helps you run various scenarios to make informed decisions, all with personal, high-care implementation support and onboarding.