IBM Big Data Hub

APRIL 25, 2023

Now, let’s chat about why data warehouse optimization is a key value of a data lakehouse strategy. Read our blog on solving today’s challenges with a lakehouse architecture Value of data warehouse optimization Since its introduction over a century ago, the gasoline-powered engine has remained largely unchanged.

Optimization 57

Optimization Strategy Data Warehouse Cost-Benefit 57

CIO Business Intelligence

JULY 31, 2023

For those companies operating on a calendar year, the end of summer signals the start of annual planning and the mad dash to prepare their IT strategies. Your answers will lay the foundation for your strategy and highlight where your story needs work if you want to avoid fire drills in the eleventh hour. What’s the vision for IT?

Strategy 98

Strategy IT Cost-Benefit Finance 98

CIO Business Intelligence

JANUARY 24, 2024

Organizations can’t afford to mess up their data strategies, because too much is at stake in the digital economy. Unfortunately, the road to data strategy success is fraught with challenges, so CIOs and other technology leaders need to plan and execute carefully. Here are some data strategy mistakes IT leaders would be wise to avoid.

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

IBM Big Data Hub

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

Strategy 88

Strategy Management Forecasting Cost-Benefit 88

IBM Big Data Hub

DECEMBER 20, 2023

Without an AI strategy, organizations risk missing out on the benefits AI can offer. An AI strategy helps organizations address the complex challenges associated with AI implementation and define its objectives. What is an AI strategy? A successful AI strategy should act as a roadmap for this plan.

Strategy 79

Strategy Business Objectives Cost-Benefit Consulting 79

Smart Data Collective

SEPTEMBER 25, 2023

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.

Data-driven 108

Data-driven IT Cost-Benefit Big Data 108

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. Without it, businesses incur steep costs, but the downside, or costs, are often unclear because calculating data management’s return on investment (ROI), or upside, is a murky exercise. Without it, organizations incur a significant opportunity cost.

Strategy 116

Strategy Management Key Performance Indicator ROI 116

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services.

Strategy 73

Strategy Cost-Benefit Key Performance Indicator Consulting 73

IBM Big Data Hub

DECEMBER 18, 2023

In today’s business environment, regardless of the product or service, leaders must develop a well-honed business strategy. A successful business strategy must clearly define an organization’s objectives, decision-making processes and long-term business goals.

Strategy 75

Strategy Cost-Benefit Consulting Marketing 75

Smart Data Collective

JANUARY 27, 2022

Research has shown that companies with big data strategies are 19 times more likely to become profitable. Unfortunately, some businesses have made poor decisions when instituting a data strategy. You are going to need to come up with an IT budget that is geared towards making the most of your big data strategy.

Optimization 108

Optimization IT Big Data Cost-Benefit 108

CIO Business Intelligence

FEBRUARY 5, 2024

Our primary goal has always been to innovate in ways that directly benefit our clients, ensuring that our products and processes, particularly in technology, are tailored to meet their evolving needs and daily demands. Could you share some facts and figures about Mashreq’s digital transformation process over recent years?

IT 119

IT Digital Transformation Cost-Benefit Technology 119

IBM Big Data Hub

JUNE 12, 2023

While central banks have a very different mission from commercial banks, what they do have in common is the need to modernize their IT operations to support digital transformation, contain costs, source key skills and mitigate operational and cybersecurity risks. What does it mean to “do cloud right?”

Strategy 95

Strategy Cost-Benefit Digital Transformation Uncertainty 95

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. Lacking a clear strategy determined by business objectives.

Optimization 111

Optimization Cost-Benefit Consulting Strategy 111

CIO Business Intelligence

JANUARY 17, 2023

In almost every case, there’s an increased need for data insight and technology-enabled agility to reaffirm technology’s position at the center of investment strategy in order to achieve organizational growth. Optimize cloud spend It’s a good time for CIOs to conduct a financial health check on their technology budget. Not necessarily.

Cost-Benefit 138

Cost-Benefit IT Uncertainty Optimization 138

Smart Data Collective

SEPTEMBER 29, 2022

There are a number of benefits of using it to your company’s advantage. A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations. The benefits of big data cannot be overstated. This article reveals all!

Data-driven 136

Data-driven Data Quality Optimization Insurance 136

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. These applications are designed to benefit logistics and shipping companies alike. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

CIO Business Intelligence

OCTOBER 23, 2023

As a result, most IT functions have seen budget increases, support for more staff, and higher involvement in shaping enterprise strategy , according to multiple reports. As a result, most IT functions have seen budget increases, support for more staff, and higher involvement in shaping enterprise strategy , according to multiple reports.

IT 137

IT Consulting Scorecard Key Performance Indicator 137

CIO Business Intelligence

OCTOBER 5, 2023

Modern applications and multi-cloud strategies drive digital transformations that make this success possible, and businesses are under pressure to get better and faster at delivering applications and services to their customers, employees, and stakeholders.

IT 124

IT Cost-Benefit Software Digital Transformation 124

datapine

OCTOBER 11, 2023

Every day, more and more businesses realize the value of analyzing their own performance to boost strategies and achieve their goals. Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success.

Metrics 217

Metrics KPI Management Cost-Benefit 217

IBM Big Data Hub

MARCH 29, 2024

An effective customer retention strategy should support the company to maintain a healthy stable of loyal customers and bring in new customers. Organizations that succeed at customer retention will benefit by encouraging customer loyalty. Some of the steps to building an effective customer retention strategy are: 1.

Strategy 65

Strategy Cost-Benefit Key Performance Indicator Marketing 65

IBM Big Data Hub

AUGUST 15, 2023

Similarly, comprehending the savings realized in a cloud-cost-optimization journey offers valuable insights into the impact of your efforts. It’s like having a financial guide by your side, showing you the tangible benefits of your optimization strategies and motivating you to keep pushing forward.

Optimization 65

Optimization Measurement Cost-Benefit Dashboards 65

CIO Business Intelligence

OCTOBER 17, 2023

AWS also builds its own low-cost AI chips ( Inferentia and Trainium ) in limited volumes; the company is using the chips internally to power its gen AI capabilities, and it is making the chips available to customers. Here are the top cloud market trends and how they are impacting CIO’s cloud strategies.

Marketing 144

Marketing IT Cost-Benefit Enterprise 144

CIO Business Intelligence

NOVEMBER 18, 2022

But when not managed strategically in the long run, cloud spending can quickly escalate and impact margins, cost of goods sold (COGS), and cost of revenue (COR). To optimize cloud investments, C-level executives are increasingly adopting cloud financial operations (FinOps).

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

Cloudera

DECEMBER 19, 2023

There, I met with IT leaders across multiple lines of business and agencies in the US Federal government focused on optimizing the value of AI in the public sector. AI can optimize citizen-centric service delivery by predicting demand and customizing service delivery, resulting in reduced costs and improved outcomes.

Optimization 91

Optimization Cost-Benefit Unstructured Data Risk 91

CIO Business Intelligence

MAY 16, 2023

In some instances, organizations undertook a thoughtful and planned approach to their multicloud strategies. Many found these environments difficult to manage, govern and modernize, all while controlling costs. All these challenges limited the benefits the multicloud model was supposed to unlock. What is multicloud by design?

Strategy 98

Strategy Cost-Benefit Optimization Modeling 98

CIO Business Intelligence

JANUARY 11, 2024

2023 was a year made notable by a range of unexpected, unpredictable, and fast-moving challenges that, despite seemingly having little to do with technology, had profound impacts on IT strategies. These external factors can have a dramatic impact on business operations and strategic planning.

IT 133

IT Uncertainty Cost-Benefit Strategy 133

Smart Data Collective

JULY 20, 2022

A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Only 32% of executives have officially laid out a data strategy to drive their organization. This illustrates the benefits of combining big data and lean thinking.

Data-driven 126

Data-driven Optimization Big Data Data Strategy 126

IBM Big Data Hub

JUNE 20, 2023

Here’s what you need to know in order to build a successful strategy. 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. What is an asset?

Strategy 78

Strategy Management Cost-Benefit IoT 78

Smart Data Collective

DECEMBER 13, 2021

E-commerce Companies Are Using Big Data Technology to Improve the Execution of their Marketing Strategies. This figure will continue to grow as more online retailers discover the benefits of using big data for various purposes, such as marketing. You simply can’t afford to ignore the benefits of using big data in this business.

Data-driven 136

Data-driven Marketing Strategy Big Data 136

CIO Business Intelligence

DECEMBER 19, 2023

Using this strategy, IT can prioritize their transformation roadmap without being stuck in the mire of reactive support processes,” which leads to support groups chasing and extinguishing fires, hampering essential business operations, Padua explains. Service delivery excellence is an attribute that far too many IT leaders fail to prioritize.

IT 139

IT Testing Metrics Optimization 139

Smart Data Collective

DECEMBER 22, 2021

This is important, because there are a lot of benefits of cloud computing based video streaming. The email has been desirable for use in the office due to its low cost, convenience, and the ability to write detailed information. Nvidia talked about some of the benefits that AI has created for video conferencing.

Optimization 115

Optimization Cost-Benefit Technology Strategy 115

CIO Business Intelligence

OCTOBER 16, 2023

Their manufacturing industries are laser-focused on melding IT with OT to create the smartest digital production lines possible. The world of manufacturing is undergoing a quiet revolution: the integration of Operational Technology (OT) and Information Technology (IT). To achieve this, manufacturers need a platform capable of handling these tasks.

Manufacturing 133

Manufacturing Strategy Cost-Benefit IoT 133

CIO Business Intelligence

FEBRUARY 22, 2024

With the aim to accelerate innovation and transform its digital infrastructures and services, Ferrovial created its Digital Hub to serve as a meeting point where research and experimentation with digital strategies could, for example, provide new sources of income and improve company operations.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

CIO Business Intelligence

NOVEMBER 8, 2023

The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. Inflation may have dropped from its high in 2022, but the price pressures on IT budgets have continued unabated. in June, 2022, to 3.7%

IT 133

IT Cost-Benefit Digital Transformation Software 133

CIO Business Intelligence

DECEMBER 20, 2022

Deploying data and workloads in this model offers the potential for incredible value, including improved agility, functionality, cost savings, performance, cloud security, compliance, sustainability, disaster recovery—the list goes on. When evaluating cloud provider lock-in, tread carefully to ensure it supports your strategy as a business.

Optimization 98

Optimization Cost-Benefit Modeling Risk 98

Smart Data Collective

SEPTEMBER 13, 2023

One of the most important yet often overlooked benefits of AI is that it can help businesses bolster their digital security. With that in mind, businesses must do everything to ensure their processes and data are secured, as even the slightest problem can cost them financially. Financial health.

IT 103

IT Cost-Benefit Data Processing Software 103

IBM Big Data Hub

AUGUST 8, 2023

However, while Kubernetes offers an array of benefits in terms of application management and development efficiency, its implementation is not without challenges. As more businesses migrate to Kubernetes-driven environments, an unintended consequence has become increasingly apparent: a surge in cloud costs.

Optimization 54

Optimization Cost-Benefit Machine Learning ROI 54