Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. There are a number of huge benefits of using data analytics to identify seasonal trends.

Management 118

Management Analytics Predictive Analytics Cost-Benefit 118

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 56

Optimization Strategy Data Warehouse Cost-Benefit 56

Smart Data Collective

JANUARY 19, 2023

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.

Optimization 115

Optimization Cost-Benefit Software Measurement 115

Smart Data Collective

MAY 8, 2022

The fleet management sector is among those driving the growing demand. Many fleet management companies were reluctant to embrace the power of big data a decade ago. Their skepticism has waned significantly, as they have finally started to discover the countless benefits that big data has to offer for their industry.

Optimization 105

Optimization Data Analytics Management Analytics 105

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

Smart Data Collective

MARCH 3, 2022

Companies use big data to optimize their marketing strategies, maintain better relationships with their customers, manage their financial strategies and improve human resources capabilities. Unfortunately, data isn’t always easy to manage.

Strategy 113

Strategy Management Cost-Benefit Data Processing 113

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 72

Strategy Cost-Benefit Key Performance Indicator Consulting 72

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

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

CIO Business Intelligence

JUNE 26, 2023

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.

Optimization 80

Optimization Cost-Benefit IT Consulting 80

CIO Business Intelligence

OCTOBER 30, 2023

By employing Value Stream Management (VSM), executives gain the visibility to align teams, workflows, and investments around one key aspect: customer value. Through VSM, they optimized resource utilization and reduced waste. The organization changed legacy approaches to product management and project investment.

Management 144

Management Digital Transformation Cost-Benefit ROI 144

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. Know yourself, your stakeholders and your data.

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

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

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

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. Using OCR: the benefits for your business.

Data-driven 136

Data-driven Data Quality Optimization Insurance 136

IBM Big Data Hub

FEBRUARY 5, 2024

Cloud computing continues to grow in popularity, and its scalability, functionality, cost-effectiveness and other potential benefits have helped transform traditional business models and update legacy systems, creating opportunities for various organizations. a migration will be.

Management 67

Management Cost-Benefit Strategy Risk 67

AWS Big Data

APRIL 29, 2024

This post explores the deployment of Apache Ranger for permission management within the Hadoop ecosystem on Amazon EKS. We show how Ranger integrates with Hadoop components like Apache Hive, Spark, Trino, Yarn, and HDFS, providing secure and efficient data management in a cloud environment.

Management 92

Management Big Data Metadata Data Warehouse 92

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 92

Optimization Cost-Benefit Unstructured Data Risk 92

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

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. Many found these environments difficult to manage, govern and modernize, all while controlling costs.

Strategy 97

Strategy Cost-Benefit Optimization Modeling 97

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 125

Data-driven Optimization Big Data Data Strategy 125

CIO Business Intelligence

SEPTEMBER 7, 2023

On the most basic level, the allure of a multi-cloud approach – one that enables organizations not only to match use cases and clouds with ease – but also to effortlessly manage the resulting compute, storage, and networking resources they make available, needs no introduction. Being independent doesn’t mean being alone.

Enterprise 102

Enterprise Management Cost-Benefit Optimization 102

datapine

MARCH 8, 2021

Explore our 14-day free trial & benefit from great healthcare reports! Healthcare reports, or healthcare reporting, are a data-driven means of benchmarking the performance of specific processes or functions within a healthcare institution, with the primary aim of increasing efficiency, reducing errors, and optimizing healthcare metrics.

Reporting 198

Reporting KPI Management Cost-Benefit 198

IBM Big Data Hub

DECEMBER 12, 2023

Embracing responsible emissions management can transform how organizations impact the health and profitability of their assets. As leaders in asset management operations, you must help your company deliver on the bottom line. Strategic planning and operational efficiency Strategic maintenance planning drives significant cost savings.

Management 76

Management Cost-Benefit Optimization Strategy 76

CIO Business Intelligence

MAY 8, 2024

Process automation and improvement is a perennial CIO agenda item, and the call for business process optimization is only getting louder — especially for those processes directly tied to the bottom line. Expion hasn’t yet calculated the potential new business created, but the tool will save the company the cost of about 1.5

IT 109

IT Cost-Benefit Insurance Unstructured Data 109

Smart Data Collective

AUGUST 3, 2023

Its implementation offers numerous benefits and applications that streamline operations and enhance efficiency. Fleet administration includes vehicle maintenance, fuel tracking, and driver management. Fleet managers increasingly turn to cutting-edge technologies to boost productivity and save costs.

Technology 85

Technology Management Cost-Benefit Manufacturing 85

IBM Big Data Hub

NOVEMBER 30, 2023

Talent acquisition refers to the ongoing strategy and process an organization and its HR department uses to source, attract, evaluate, hire and retain the highly-qualified new employees it needs to grow. A well-crafted talent acquisition strategy has become a critical component for organizations seeking to secure a competitive edge.

Strategy 69

Strategy Cost-Benefit Consulting Data-driven 69

Decision Management Solutions

MARCH 4, 2020

Balancing key profit drivers such as revenue, risk, & costs is central to success in lending and many other high volume, transactional decisions targeted with Decision Management. The decision improvement lifecycle is central to delivering the full value of decision management.

Optimization 83

Optimization Cost-Benefit Publishing Strategy 83

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 64

Cost-Benefit Finance Optimization Key Performance Indicator 64

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 56

Optimization Cost-Benefit Machine Learning ROI 56

Smart Data Collective

MARCH 29, 2021

Maintenance management’s primary focus has always been maximizing the quality, effectiveness, and quality of equipment in an organization. And this is usually at the lowest possible costs in terms of material and machinery. Your maintenance management department will be able to make better decisions once they use it.

Big Data 138

Big Data Management Cost-Benefit Internet of Things 138

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 96

Optimization Cost-Benefit Modeling Risk 96

Cloudera

DECEMBER 20, 2022

The move toward renewable energy has a distinct and significant impact on energy generation and distribution that needs to be carefully managed. With the right insights, energy production from renewable assets can be optimized and better predict the future of supply and demand. Intelligent network management.

Optimization 84

Optimization Data Analytics Analytics Cost-Benefit 84

IBM Big Data Hub

JULY 25, 2023

A smart grid is a digital electricity network that supplies power to consumers using interactive two-way communication, enabling automated, advanced energy delivery and a litany of opportunities for consumers to control their electricity use and costs. Demand response management (DRM) is another type of smart grid technology.

Optimization 63

Optimization Technology Measurement Cost-Benefit 63

datapine

SEPTEMBER 29, 2022

1) What Is Data Quality Management? However, with all good things comes many challenges and businesses often struggle with managing their information in the correct way. Enters data quality management. What Is Data Quality Management (DQM)? Why Do You Need Data Quality Management? Table of Contents.

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

FEBRUARY 28, 2024

The traditional method of managing routers at each branch is replaced by a central controller overseeing all routers. SD-WAN emerges as a game-changer in this context, offering intelligent traffic management and enhanced high availability.

Cost-Benefit 98

Cost-Benefit Digital Transformation ROI Strategy 98