IBM Big Data Hub

APRIL 4, 2024

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

Cost-Benefit 59

Cost-Benefit Risk Management Risk Digital Transformation 59

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Specific types of sourcing minimize costs in different ways.

Cost-Benefit 84

Cost-Benefit Scorecard Risk Recreation/Entertainment 84

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 135

IT Risk Cost-Benefit Risk Management 135

IBM Big Data Hub

FEBRUARY 28, 2024

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits.

Strategy 103

Strategy Technology Cost-Benefit Risk Management 103

IBM Big Data Hub

FEBRUARY 19, 2024

To mitigate these risks , companies need the resources and technology to develop robust contingency plans. On top of disruption, companies with global supply chains must also deal with different regulatory environments, cultural norms and market conditions.

Strategy 87

Strategy Management Forecasting Cost-Benefit 87

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. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk. Be flexible.

Strategy 71

Strategy Cost-Benefit Key Performance Indicator Consulting 71

Smart Data Collective

OCTOBER 13, 2021

The market for AI technology is growing remarkably. Businesses spend a lot of time and resources on marketing to stand out from their competition. While marketing remains relevant and essential, AI technology provides endless opportunities that create a massive edge between you and your competitors. Automate processes.

Technology 123

Technology Cost-Benefit Experimentation Machine Learning 123

CIO Business Intelligence

SEPTEMBER 7, 2023

The second challenge is managing new risks, which stem primarily from the threat of misinformation. Since the consequence of failure is high, the defense industry must strike a deft balance between innovation and risk management. (more about this in my article about accelerating generative AI here ). billion by 2032.

Unstructured Data 112

Unstructured Data Cost-Benefit Risk Data-driven 112

CIO Business Intelligence

DECEMBER 27, 2023

Those same characteristics, however, reveal the risks AI pose to this sector. It’s really good at summarising, filling in blanks, and connecting dots, so generative AI is fit for purpose,” says Brian Baral, global head of risk at Genpact. So business technology leaders in financial services are carefully navigating a path toward AI.

Insurance 141

Insurance Cost-Benefit Risk Technology 141

Ontotext

JULY 6, 2023

Let’s consider an example about risk and opportunity event detection. Case studies The risk and opportunity event detection use case discussed above combines all of Ontotext’s capabilities: storing and managing large amounts of data adding meaning to it (e.g.,, The solution brings many business benefits.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

IBM Big Data Hub

JANUARY 16, 2024

While high interest rates and inflation concerns are carrying over into the new year, financial services trends signal to prepare for major changes in real-time by staying up-to-date on all financial services-related matters, including in banking and capital markets sectors. One example of this is in insurance.

Risk Management 50

Risk Management Insurance Cost-Benefit Risk 50

CIO Business Intelligence

NOVEMBER 23, 2022

Only 20% of respondents said that their EA programs allowed for faster innovation and faster time to market, while just 6% claimed that enterprise architects were included in agile teams and had the authority to influence technology decisions. Giving business the ability to prioritize investments.

Enterprise 126

Enterprise Cost-Benefit Digital Transformation Strategy 126

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% To better focus security spend, some chief information security officers (CISOs) are shifting their risk assessments from IT systems to the data, applications, and processes that keep the business going. “If

IT 111

IT Cost-Benefit Risk Consulting 111

FineReport

APRIL 9, 2024

Benefits of Utilizing BI Tools The utilization of data analysis tools such as business intelligence software offers numerous benefits for organizations seeking to gain a competitive edge in today’s dynamic market landscape.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

CIO Business Intelligence

OCTOBER 3, 2023

percent growth in the market for “software that enables hyperautomation,” to $US1.04 percent to 2028, taking the value of the market for hyperautomation tools and services to $US26.67b. These tools bring benefits beyond automation. Managing change and communicating the benefits effectively will be crucial.

Cost-Benefit 116

Cost-Benefit Machine Learning Interactive Software 116

IBM Big Data Hub

FEBRUARY 13, 2024

Streamline workflows with personalized content creation, tailored product descriptions and market-ready copy. Many marketing and sales leaders acted rapidly and are already infusing generative AI into their workflows. Automate tedious, repetitive tasks. Garbage in, garbage out.

Enterprise 124

Enterprise Modeling Testing Data-driven 124

IBM Big Data Hub

JUNE 29, 2023

The harmony is lost, and the organization becomes inefficient, misses opportunities, and struggles to keep up with the fast-paced market. This blog explores the significance of IBP in today’s modern business landscape and highlights its key benefits and implementation considerations.

Key Performance Indicator 82

Key Performance Indicator Forecasting Data Integration Sales 82

CIO Business Intelligence

MARCH 9, 2023

IT leaders may find that prices are going up without an accompanying increase in benefits, with technology providers — less dependent on any one industry or geography — taking a harder line on deals, says Achint Arora, a partner in the pricing assurance practice at Everest Group. What’s more, technology contracts are often multilayered.

Cost-Benefit 111

Cost-Benefit Risk Uncertainty Technology 111

IBM Big Data Hub

SEPTEMBER 18, 2023

At the same time, we are increasingly seeing regulators more closely monitor the industry’s relationship with non-traditional players (such as fintechs and neobanks), aimed at mitigating the introduction of potential risks into the financial services ecosystem.

Risk 76

Risk Cost-Benefit Digital Transformation Risk Management 76

Smart Data Collective

MAY 8, 2022

When you combine big data with AI, you can help your users extract highly-valuable insights from data, foster data literacy across your company or organization, and take advantage of the many other benefits it offers. Improves decision making and reduces costs. How big data analytics and AI can help you boost your business performance.

Big Data 107

Big Data Data Analytics Analytics Cost-Benefit 107

CIO Business Intelligence

JANUARY 4, 2024

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. One of the significant advantages of a CCA is the potential for cost reduction.

Optimization 100

Optimization Cost-Benefit Reporting Enterprise 100

Smart Data Collective

APRIL 21, 2022

The market for AI is growing over 38% a year. The market for AI is growing due to its obvious benefits. Many of them have utilized many management programs but finding the most best application without the assistance of an experienced consultant can be a challenge. It is projected to be worth over $1.5 trillion by 2030.

Consulting 97

Consulting Cost-Benefit Software Machine Learning 97

IBM Big Data Hub

JULY 27, 2023

The oil and gas industry remains an integral part of the energy landscape, but it faces a number of modern challenges, including volatile market conditions, expanding environmental regulations and the growing need for operational efficiency. As of 2022, the EAM market was valued at nearly $6 billion , with a compound annual growth rate of 16.9%

Cost-Benefit 59

Cost-Benefit IoT Internet of Things Enterprise 59

CIO Business Intelligence

APRIL 1, 2022

As a growing number of enterprises are coming to learn, this is critical as they vie for business in increasingly competitive markets. A sustainable value chain also offers significant business benefits, including potential cost savings and reputation enhancement. Cost reduction. Reducing ethical sourcing risks.

Cost-Benefit 52

Cost-Benefit Risk Risk Management Manufacturing 52

CIO Business Intelligence

MARCH 13, 2024

But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. In February, McKinsey released the results of a survey showing that 84% of telcos using gen AI for customer services were seeing cost savings, and 45% of them reduced costs by 6% or more.

IT 127

IT Consulting Testing Cost-Benefit 127

erwin

SEPTEMBER 17, 2020

It’s paramount that organizations understand the benefits of automating end-to-end data lineage. Here are six benefits of automating end-to-end data lineage: Reduced Errors and Operational Costs. Speed and faster time to market is a driving force behind most organizations’ efforts with data lineage automation.

Cost-Benefit 143

Cost-Benefit Data Governance Metadata Reporting 143

bridgei2i

MAY 17, 2021

AI is becoming a powerful ally of the finance sector, offering the opportunity for better and more customized services, cost reduction, examine cash, credit, and investment changes in real-time, and generating new revenue streams. There are multiple benefits of AI in the finance industry. AI And Risk Management.

Finance 52

Finance Risk Management Unstructured Data Cost-Benefit 52

FineReport

AUGUST 13, 2021

Insurance companies provide risk management in the form of insurance contracts. Industry-specific, comprehensive, and reliable data management and presentation have become an issue of increasing concern in the insurance industry. I have introduced some benefits of interactive reports. Insurance Dashboard (by FineReport).

Insurance 52

Insurance Dashboards KPI Analytics 52

Smart Data Collective

AUGUST 1, 2022

AI technology has actually changed stock market investing as we know it. There are a number of ways that traders can benefit from AI. You must have detailed and up-to-date facts about the financial markets to make smart decisions. Many people can learn about the benefits of AI technology with it.

Cost-Benefit 110

Cost-Benefit Machine Learning Marketing Strategy 110

CIO Business Intelligence

JULY 31, 2023

1 question now is to allow or not allow,” says Mir Kashifuddin, data risk and privacy leader with the professional services firm PwC US. Rapidly evolving risks Companies that have blocked the use of gen AI are finding that some workers are still testing it out. Douglas Merrill, a partner at management consulting firm McKinsey & Co.,

Strategy 97

Strategy Risk Enterprise Risk Management 97

Smart Data Collective

DECEMBER 9, 2021

The market size for financial analytics was worth $6.7 Accounting leaders in firms across the country are recognizing the benefits of letting employees work from home, not just for safety’s sake, but for morale as well. The financial and accounting sector has been particularly impacted by these developments. billion last year.

Technology 125

Technology Big Data Machine Learning Deep Learning 125

CIO Business Intelligence

JUNE 22, 2022

AssuredPartners is a full-service insurance broker providing commercial insurance, risk management, and employee benefits. The company, which has more than 8,500 employees, plans to continue growing by acquisition, and consolidating the global insurance market. Our goal is to consolidate the global market.

IT 102

IT Insurance Cost-Benefit Risk Management 102

Smart Data Collective

FEBRUARY 2, 2021

In 2020, the size of the global Big Data market reached 56 billion, and it’s on track to exceed 103 billion by 2027. However, some industries have more to benefit from Big Data than others and have reached impressive milestones because data science and data analytics have helped them streamline their operations. Public services.

Big Data 85

Big Data Recreation/Entertainment Cost-Benefit Finance 85

IBM Big Data Hub

AUGUST 28, 2023

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth.

Data mining 57

Data mining Machine Learning Deep Learning Marketing 57

IBM Big Data Hub

JULY 12, 2023

For example, how you react to a disruptive technology or cope with a sudden change in the markets can be the difference between success and failure. Make a list of risks and prioritize them according to likelihood and severity. One way to do this is to look at how much company revenue is being generated by the business unit at risk.

Risk 40

Risk Cost-Benefit Internet of Things Testing 40

Jet Global

JANUARY 14, 2021

Cost to Read. Find new ideas and classic advice on strategy, innovation and leadership, for global leaders from the world’s best business and management experts. Coverage includes original reporting on new accounting standards, recent capital-raisings, risk management, and professional career development.

Reporting 90

Reporting Finance Cost-Benefit Consulting 90

CIO Business Intelligence

JULY 13, 2023

This component focuses on addressing technology accessibility and the innovation of technology system designs that benefit society. To fulfill this, companies can be transparent about their strategies and risk management. million components on the secondary market to be reused by other organizations. Governance.

IT 90

IT Internet of Things Strategy IoT 90