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

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. That includes IT, to align AI technologies with existing infrastructure; HR, on workforce development; finance, to understand funding and new business cost models; and legal and compliance, to ensure responsible use of AI.

Risk Management 125

Risk Management Risk Cost-Benefit Technology 125

CIO Business Intelligence

FEBRUARY 16, 2024

For most organizations, a shift to the cloud brings scalability, access to innovative tools, and the possibility of cost savings. But about 10 years ago when they shifted towards being more of a technology services provider, they became a HCM service provider. An early partner of Amazon, the Roseburg, N.J.-based

Digital Transformation 109

Digital Transformation Experimentation Cost-Benefit Machine Learning 109

Smart Data Collective

SEPTEMBER 29, 2022

OCR is the latest new technology that data-driven companies are leveraging to extract data more effectively. There are a number of benefits of using it to your company’s advantage. OCR and Other Data Extraction Tools Have Promising ROIs for Brands. The benefits of big data cannot be overstated. How does OCR work?

Data-driven 136

Data-driven Data Quality Optimization Insurance 136

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 94

IT Digital Transformation IoT Cost-Benefit 94

CIO Business Intelligence

MARCH 23, 2023

So how can you request a new investment from your decision-makers while ensuring minimal costs and maximum ROI this year? Procurement professionals are skilled at negotiating contracts, identifying cost-saving opportunities, and evaluating vendors.

Scorecard 59

Scorecard Cost-Benefit ROI IT 59

Timo Elliott

MARCH 6, 2023

Last year, I gave a 35 minute keynote at the Portuguese SAP User Group (GUSP) Annual Congress, covering some of the top technology trends. He explains how businesses can leverage AI and machine learning to turn anything into a sensor, detect patterns in new ways, and augment human intelligence.

Machine Learning 111

Machine Learning Cost-Benefit Uncertainty ROI 111

Cloudera

OCTOBER 30, 2023

The public cloud is increasingly becoming the preferred platform to host data analytics – related projects, such as business intelligence, machine learning (ML), and AI applications. The main challenges are pointed out as a lack of resources/expertise, security, and from a different perspective, cloud cost management.

Analytics 75

Analytics Cost-Benefit ROI Business Objectives 75

CIO Business Intelligence

JUNE 21, 2023

Not since the iPhone have we witnessed a technology change the course of human behavior and the imagination of people everywhere practically overnight. If work and technology are to serve the purpose of making businesses better in this digital renaissance, the question is, better for who? And what does better look like?

Modeling 104

Modeling Cost-Benefit ROI Digital Transformation 104

Smart Data Collective

MARCH 23, 2023

AI technology offers a number of major benefits of small businesses and freelancers. However, one of the other benefits of AI is that it can help with your taxes! Advanced AI algorithms can reduce costs, save time, and improve ROI. You can also deduct the cost of your AI-driven tax preparation software.

Cost-Benefit 80

Cost-Benefit Insurance Advertising Consulting 80

Cloudera

AUGUST 30, 2022

The reality is that we cannot take multiple years to realize an ROI as the industry is moving too quickly. Renovating it while realizing incremental ROI — customer or operational benefits — is the pragmatic approach to moving forward. In some cases, firms are surprised by cloud storage costs and looking to repatriate data.

Strategy 102

Strategy Data Strategy ROI Cost-Benefit 102

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Obtaining more insight into hidden costs (e.g., Transitioning to Business Value .

Cost-Benefit 96

Cost-Benefit Business Objectives ROI Risk 96

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

datapine

APRIL 21, 2022

Digital transformation of your business is possible when you can use emerging automation, Machine Learning (ML), and Artificial Intelligence (AI) technologies in your marketing. However, when it comes to digital transformation in marketing, there is a larger revolution in how marketers use modern tools and technologies.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

Smart Data Collective

MARCH 25, 2021

According to data from the US Department of Energy, the savings generated by the application of this model reach up to 30% in maintenance costs, with a reduction of approximately 75% in downtime and up to 45% in downtime. Thus, the return on investment (ROI) can be up to 10 times the amount applied. Understand what should be monitored.

Machine Learning 106

Machine Learning Predictive Analytics Cost-Benefit ROI 106

Smart Data Collective

APRIL 21, 2022

We have pointed out in the past that big data offers a number of benefits for online commerce. One of the most important benefits of data analytics pertains to optimizing websites for a good user experience. One study found that the ROI of UX strategies is 9,900%. Leverage Machine Learning Technology.

Data Analytics 117

Data Analytics Analytics Big Data Machine Learning 117

Smart Data Collective

JUNE 8, 2021

Leading digital advertising platforms such as Google and Microsoft Advertising have been at the forefront of technological innovation for years. They have invested heavily in artificial intelligence technology to improve the performance of PPC marketing campaigns. PPC marketing , in particular, can benefit a lot from AI.

Marketing 121

Marketing Advertising Cost-Benefit Data mining 121

IBM Big Data Hub

FEBRUARY 14, 2024

Using machine learning (ML), AI can understand what customers are saying as well as their tone—and can direct them to customer service agents when needed. McDonald’s is building AI solutions for customer care with IBM Watson AI technology and NLP to accelerate the development of its automated order taking (AOT) technology.

Cost-Benefit 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

erwin

AUGUST 13, 2020

Today, enterprises are trying to grow and innovate – while cutting costs and managing compliance – in the midst of a global pandemic. managing risk vs ROI and emerging countries)? Cost Reduction : What can we do to reduce costs while not impacting the business (e.g., M&A, new markets, products and businesses).

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

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 86

Cost-Benefit Measurement Management Predictive Analytics 86

Alation

NOVEMBER 4, 2022

Perhaps you want to boost your ROI or CAGR, or reduce the time your analysts spend accessing and leveraging data. In this blog we’ll describe digital transformation: how it can be achieved as well as how it can benefit your business. At its core, digital transformation is simply incorporating digital technology into one’s business.

Digital Transformation 52

Digital Transformation Cost-Benefit Insurance Machine Learning 52

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 77

Strategy Management Cost-Benefit IoT 77

datapine

JANUARY 6, 2022

Before any serious data analysis can begin, the scale of measurement must be decided for the data as this will have a long-term impact on data interpretation ROI. Now that we have seen how to interpret data, let’s move on and ask ourselves some questions: what are some data interpretation benefits? minimal growth).

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

IBM Big Data Hub

APRIL 18, 2024

This is the potential of artificial general intelligence (AGI), a hypothetical technology that may be poised to revolutionize nearly every aspect of human life and work. Researchers are actively exploring artificial consciousness, general problem-solving and common-sense reasoning within machines. How can organizations prepare for AGI?

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

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. The benefits of this are threefold: Artificial intelligence-driven robots reduce the need for human workers.

Cost-Benefit 84

Cost-Benefit Machine Learning Advertising Risk 84

IBM Big Data Hub

MARCH 29, 2024

Organizations that succeed at customer retention will benefit by encouraging customer loyalty. Customer retention today requires a mix of human operational discipline, human ingenuity, and technological applications, especially artificial intelligence (AI).

Strategy 64

Strategy Cost-Benefit Key Performance Indicator Marketing 64

CIO Business Intelligence

APRIL 11, 2022

Major IT trends, including security and privacy protection, cloud computing, machine learning, and remote workforces, as well as complying with an avalanche of regulatory mandates, have elevated the CIO post to a level of importance equal to, or even exceeding, that of fellow C-level executives. Focus on outcomes, not technologies.

Cost-Benefit 116

Cost-Benefit Digital Transformation Strategy Consulting 116

CIO Business Intelligence

JANUARY 9, 2023

Recruiting, retainment, and yes, adoption of lead-edge technology, are back on the radar of IT leaders. Grace Liu, senior vice president of IT for Seagate Technology, says the shifting economy can offer a chance to be opportunistic. “We How do we grow our business responsibly?” “How do we get the talent we need?

IT 145

IT Uncertainty Cost-Benefit Digital Transformation 145

IBM Big Data Hub

JUNE 26, 2023

The benefits of AIOps are many. By infusing artificial intelligence (AI) into IT operations , you can leverage the considerable power of natural language processing and machine learning models to automate and streamline operational workflows. The result: reduced costs, less waste and documented ROI for your automation efforts.

Digital Transformation 56

Digital Transformation Cost-Benefit ROI Data-driven 56

IBM Big Data Hub

AUGUST 16, 2023

There are many reasons why organizations have embraced cloud services, including improved efficiencies, cost savings, scalability, flexibility and quicker time-to-market. In addition, companies can run up cloud costs because they provision more resources than necessary for their normal business functions.

Cost-Benefit 69

Cost-Benefit Data Processing Optimization Software 69

CIO Business Intelligence

JANUARY 4, 2023

Fortunately, the HPC community is both collaborative and transparent in our work to apply and advance supercomputing technologies. Recently members of our community came together for a roundtable discussion, hosted by Dell Technologies, about trends, trials, and all the excitement around what’s next.

Cost-Benefit 59

Cost-Benefit Machine Learning Modeling Uncertainty 59

IBM Big Data Hub

DECEMBER 15, 2022

Virtual assistants are valuable, transformative business tools that offer a compelling ROI while improving the customer experience. Due to the maturity and complexity of the technology, it can take years to reap the full benefits of developing a conversational AI platform. Keep in mind that not all pre-built tools are the same.

Visualization 70

Visualization Cost-Benefit ROI Interactive 70

CIO Business Intelligence

APRIL 19, 2022

Whether biological or technological, the power of DNA is unavoidable. Today, society is reckoning with how “technological genetics” dictate outcomes, such as how algorithms impact democracy. It is time to look closely at the technological genetics of automation platforms. In technology, innovation beats efficiency.

Digital Transformation 103

Digital Transformation Insurance ROI Business Objectives 103

CIO Business Intelligence

MAY 28, 2022

There’s never been more pressure on IT to deliver technology-enabled change to the business. But that’s just one way Das is recommitting his technology organization to become more agile and product-driven. In fact, the technology function is now organized around automation, integration, and analytics.

IT 135

IT ROI Cost-Benefit Technology 135

Jet Global

FEBRUARY 18, 2020

Knowing that technologies like AI and machine learning were coming, many companies started storing data preemptively even before they knew when or how technology would turn it into something valuable. What, specifically, do AI and machine learning do to help companies learn more from data?

Data-driven 64

Data-driven Machine Learning Cost-Benefit ROI 64

Smart Data Collective

MARCH 30, 2022

Analytics technology is taking the ecommerce industry by storm. While there is no debating the huge benefits that analytics technology brings to the ecommerce sector , many experts are pondering what those actual benefits are. Those that have a solid strategy predicated on it will have a higher ROI.

Analytics 116

Analytics Cost-Benefit Testing Dashboards 116

CIO Business Intelligence

MAY 25, 2022

There’s never been more pressure on IT to deliver technology-enabled change to the business. But that’s just one way Das is recommitting his technology organization to become more agile and product-driven. In fact, the technology function is now organized around automation, integration, and analytics.

IT 115

IT ROI Cost-Benefit Technology 115