Smart Data Collective

JUNE 3, 2021

Many different industries are becoming more reliant on machine learning. The insurance industry is among those that has found new opportunities to take advantage of machine learning technology. Many of the applications of big data for insurance companies will be realized with machine learning technology.

Insurance 98

Insurance Machine Learning Cost-Benefit Risk 98

Smart Data Collective

SEPTEMBER 30, 2021

It’s no secret that artificial intelligence and technology has been developing quickly in recent times, with applications such as CAPTCHA that prevent bots from accessing sites, thermostats that adapt to our daily schedules or even algorithms that could choose potential vacation destinations for us. Overall, droughts have cost the world $1.5

Machine Learning 121

Machine Learning Cost-Benefit Optimization Forecasting 121

CIO Business Intelligence

JUNE 2, 2022

Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. Almost 33% of respondents claim that machine learning can lead to improved customer experience.

Predictive Analytics 140

Predictive Analytics Technology Analytics Machine Learning 140

Cloudera

DECEMBER 20, 2022

With the right insights, energy production from renewable assets can be optimized and better predict the future of supply and demand. Organizations working in traditional energy generation will have to adjust costs by improving the efficiency of these plants. Investment is unavoidable, so the question becomes about smart investment.

Optimization 79

Optimization Data Analytics Analytics Cost-Benefit 79

Smart Data Collective

AUGUST 17, 2021

If your workflows are optimized, then you can save staff time, reduce errors, and function more professionally as a whole. Data analytics technology can help bolster efficiency in all of these regards. Here are some of the top ways to better optimize enterprise workflows with machine learning and data analytics technology.

Data-driven 121

Data-driven Optimization Enterprise Cost-Benefit 121

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

Smart Data Collective

JUNE 3, 2022

Artificial intelligence technology is profoundly changing the trajectory of the design profession. AI technology is a breaking technology that is forever changing the design field. To begin with, Product Designers and UX Designers both play crucial roles in how technology or products are used on a daily basis.

Optimization 101

Optimization Cost-Benefit Testing Data-driven 101

CIO Business Intelligence

DECEMBER 14, 2023

The timing for these advancements is optimal as the industry grapples with skilled labor shortages, supply chain challenges, and a highly competitive global marketplace. AI can help with all of these challenges via manufacturing-specific use cases that benefit manufacturers, their employees, and their customers. Here’s how.

Manufacturing 129

Manufacturing Cost-Benefit Unstructured Data Optimization 129

Smart Data Collective

AUGUST 11, 2022

Data analytics technology has become very important for helping companies manage their financial strategies. There are many great benefits of using data analytics to improve financial management strategies. However, there are equally important but often overlooked benefits of using data analytics in finance.

Data Analytics 117

Data Analytics Optimization Analytics Cost-Benefit 117

Smart Data Collective

DECEMBER 9, 2021

It’s no secret that big data technology has transformed almost every aspect of our lives — and that’s especially true in business, which has become more tech-driven and sophisticated than ever. A lot of recent technology, such as cloud computing, automation, and SEO , are already in practice. AI and Machine Learning.

Technology 124

Technology Big Data Machine Learning Deep Learning 124

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. Collecting Relevant Data for Conversion Rate Optimization Here is some vital data that e-commerce businesses need to collect to improve their conversion rates. One report found that global e-commerce brands spent over $16.7 billion on analytics last year.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

Smart Data Collective

DECEMBER 19, 2022

Cloud technology has upended the medical industry in recent years. billion on cloud technology. Cloud computing offers a number of important benefits for healthcare providers. One of the biggest advantages of cloud technology is that it helps make medical billing more efficient. Code patient reports correctly.

Software 116

Software Technology Insurance Cost-Benefit 116

IBM Big Data Hub

JULY 26, 2023

Digital twin technology, an advancement stemming from the Industrial Internet of Things (IIoT), is reshaping the oil and gas landscape by helping providers streamline asset management, optimize performance and reduce operating costs and unplanned downtime. What is a digital twin?

Technology 57

Technology Cost-Benefit Optimization Internet of Things 57

IBM Big Data Hub

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. This blog outlines some BPR examples that benefit from a BPM methodology.

Cost-Benefit 62

Cost-Benefit Finance Optimization Key Performance Indicator 62

CIO Business Intelligence

NOVEMBER 28, 2023

As more businesses push forward with digital transformation projects, cloud computing has stood out as a powerful tool capable of fueling the analytics that drive new technologies like artificial intelligence (AI) and machine learning (ML)—two capabilities that are quickly becoming a must-have in nearly every organization.

Digital Transformation 107

Digital Transformation Cost-Benefit Strategy Optimization 107

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.

Cost-Benefit 138

Cost-Benefit IT Uncertainty Optimization 138

CIO Business Intelligence

SEPTEMBER 19, 2023

Organizations all around the globe are implementing AI in a variety of ways to streamline processes, optimize costs, prevent human error, assist customers, manage IT systems, and alleviate repetitive tasks, among other uses. And with the rise of generative AI, artificial intelligence use cases in the enterprise will only expand.

Enterprise 140

Enterprise Cost-Benefit Optimization Deep Learning 140

Smart Data Collective

APRIL 3, 2022

One of the ways to make money through the use of AI technology is with algorithmic trading. This is a huge market driven by AI technology that is expected to be worth $19 billion by 2024. As AI technology has improved, algorithmic trading has become more effective and given traders the opportunity to realize higher ROIs.

Technology 96

Technology Cost-Benefit ROI Strategy 96

Smart Data Collective

MARCH 29, 2023

However, we have quickly realized that ChatGPT has benefits that go well beyond writing more efficiently. A couple of weeks ago, General Motors started testing the benefits of ChatGPT in its products. General Overview of the Benefits of AI in the Automotive Sector The market for AI in the automotive industry is booming.

Manufacturing 97

Manufacturing Cost-Benefit Machine Learning Optimization 97

CIO Business Intelligence

APRIL 5, 2022

Technology can’t resolve every supply chain issue. But the latest analytics tools, powered by machine learning algorithms, can help companies predict demand more effectively, enabling them to adjust production and shipping operations. Goods need to be produced and moved from point to point.

Analytics 142

Analytics Cost-Benefit Forecasting Manufacturing 142

Smart Data Collective

MAY 10, 2022

One of the critical industries AI is making strides in is the financial technology “fintech” industry. Computer programmers can apply machine learning (ML) techniques to detect unusual transactions in a bank’s network. The model learns from this approach to flag transactions that resemble “fraud.”

Marketing 110

Marketing Technology Insurance Machine Learning 110

CIO Business Intelligence

MAY 9, 2024

To date, many of these positions are with technology vendors or at government entities in the wake of recent AI mandates. At a high level, a CAIO will need to understand the business well enough to identify where AI can make an impact, whether through new value streams or optimization, Daly says.

Risk Management 133

Risk Management Risk Cost-Benefit Technology 133

Cloudera

OCTOBER 18, 2023

In the ever-evolving landscape of the financial services Industry, change is a constant and transformation is a requirement — to stay at pace with new regulations, risk mitigation, and the technological developments that support transformation.

Cost-Benefit 76

Cost-Benefit Testing Machine Learning Optimization 76

Timo Elliott

APRIL 23, 2024

There are so many tradeoffs—between cost and quality; speed and accuracy, local sourcing and global efficiencies; and between supplier relationships and competitive bidding. It can intelligently itemize receipts and help travelers better predict the costs of their future travels. The good news is that artificial intelligence can help.

Scorecard 59

Scorecard Cost-Benefit Machine Learning Optimization 59

Smart Data Collective

APRIL 20, 2023

As early as now, you might be looking for ways to cut costs and keep your factory afloat. You understand that lowering costs is the key to surviving tough times, but you need help figuring out where to start. Optimizing Bill Of Materials Bill of materials (BOM) is crucial to every factory’s production process.

Cost-Benefit 84

Cost-Benefit Predictive Analytics Optimization Machine Learning 84

CIO Business Intelligence

MARCH 30, 2022

In today’s transformative business environment, emerging technology has a decisive role to play in an organization’s innovations, customer experience and overall success. These technologies can help companies create powerful transformations to drive revenue and outshine the competition. Enrich to Empower.

Technology 87

Technology Internet of Things ROI IoT 87

AWS Big Data

MAY 4, 2023

This post is a guest post co-written with SeonJeong Lee, JaeRyun Yim, and HyeonSeok Yang from Encored Technologies. Encored Technologies (Encored) is an energy IT company in Korea that helps their customers generate higher revenue and reduce operational costs in renewable energy industries by providing various AI-based solutions.

Data-driven 52

Data-driven Technology Cost-Benefit Machine Learning 52

Smart Data Collective

APRIL 10, 2020

Machine learning is helping companies in every sector optimize their business models. Machine learning advances are helping companies solve some of their most obvious problems. We want to cover the costs of both job scheduling and appointment scheduling issues in this post. The IRS imposed $29.3

Machine Learning 112

Machine Learning Cost-Benefit Big Data Forecasting 112

Smart Data Collective

MAY 11, 2023

Since the launch of Smart Data Collective, we have talked at length about the benefits of AI for mobile technology. Bhaval Patel of Space-O Technologies wrote a blog post about the growing importance of AI for mobile apps. These are just some of the benefits of using AI in the e-commerce sector.

Cost-Benefit 98

Cost-Benefit Optimization Data-driven Marketing 98

CIO Business Intelligence

NOVEMBER 20, 2023

This reduces costs while improving customer experience. Sales optimization In sales, AI can provide account reps with the information they need to close deals. Outcomes are fed back into machine learning models to improve prediction accuracy continually. Here’s a look at a few areas where it’s gaining influence.

Sales 126

Sales Cost-Benefit Manufacturing Forecasting 126

Timo Elliott

FEBRUARY 8, 2023

New cloud platform technologies have unleashed new opportunities for business model innovation. There are already over 1,000 ventilation systems already using the platform, with benefits of up to 40% energy savings (with corresponding cost and CO2 savings, depending on the source energy used).

Modeling 98

Modeling Cost-Benefit Optimization Machine Learning 98

CIO Business Intelligence

FEBRUARY 5, 2024

Mohamed Salah Abdel Hamid Abdel Razek, Senior Executive Vice President and Group Head of Tech, Transformation & Information, Mashreq explains how the bank is integrating advanced technologies and expanding its digital footprint. We are using cloud technology to bring digital solutions to our customers.

IT 115

IT Digital Transformation Cost-Benefit Technology 115

IBM Big Data Hub

DECEMBER 20, 2023

By giving machines the growing capacity to learn, reason and make decisions, AI is impacting nearly every industry, from manufacturing to hospitality, healthcare and academia. Without an AI strategy, organizations risk missing out on the benefits AI can offer. What is an AI strategy?

Strategy 79

Strategy Business Objectives Cost-Benefit Consulting 79

AWS Big Data

MARCH 12, 2024

Our commitment to efficiency is unwavering, and we’ve undertaken an exciting initiative to optimize our batch processing jobs. This prompted GoDaddy to embark on a systematic optimization journey, establishing a foundation for more sustainable and efficient big data processing.

Cost-Benefit 91

Cost-Benefit Optimization Big Data Metrics 91

Smart Data Collective

APRIL 5, 2022

They are using tools like Amazon SageMaker to take advantage of more powerful machine learning capabilities. Amazon SageMaker is a hardware accelerator platform that uses cloud-based machine learning technology. There are a lot of powerful benefits of offering an incentive-based approach as hardware accelerators.

Cost-Benefit 123

Cost-Benefit Machine Learning Data Science Unstructured Data 123

IBM Big Data Hub

FEBRUARY 19, 2024

It includes everything from product development and strategic decision-making to information systems and new technologies. To mitigate these risks , companies need the resources and technology to develop robust contingency plans. But perhaps most relevant today are the capabilities within SCM to help mitigate disruption.

Strategy 88

Strategy Management Forecasting Cost-Benefit 88

CIO Business Intelligence

MARCH 18, 2024

A hybrid cloud approach offers a huge swath of benefits for organizations, from a boost in agility and resiliency to eliminating data siloes and optimizing workloads. Learn more about how Rocket Software can help fuel your hybrid cloud journey. Make the most of both worlds Data is the driving force for countless businesses.

Cost-Benefit 85

Cost-Benefit Data Lake Machine Learning Data Integration 85