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 85

Cost-Benefit Scorecard Risk Recreation/Entertainment 85

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

AWS Big Data

FEBRUARY 1, 2024

Trade quality and optimization – In order to monitor and optimize trade quality, you need to continually evaluate market characteristics such as volume, direction, market depth, fill rate, and other benchmarks related to the completion of trades. The solution should be scalable, cost-efficient, and straightforward to adopt and operate.

Data Warehouse 119

Data Warehouse Dashboards Risk Management Risk 119

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. Better customer satisfaction : An optimized supply chain allows businesses to make sure products are available when and where people want them—which can improve relationships and loyalty with customers.

Strategy 87

Strategy Management Forecasting Cost-Benefit 87

CIO Business Intelligence

JANUARY 22, 2024

McKinsey & Company estimates that the annual increase of costs related to cybercrime will reach $10.5 trillion by 2025, as cyber risk management has not kept up with digital transformation posing serious risks to organizations’ security and revenue. The attack landscape has evolved to target critical infrastructure.

Digital Transformation 123

Digital Transformation Risk Cost-Benefit Risk Management 123

CIO Business Intelligence

DECEMBER 19, 2023

Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control. Underpinning these initiatives are digital transformation core competencies , which include design thinking, product management, agile methodologies, devops practices, citizen development, and data governance.

Digital Transformation 142

Digital Transformation Unstructured Data Machine Learning Risk Management 142

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation.

Cost-Benefit 138

Cost-Benefit Digital Transformation Consulting Strategy 138

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 ).

Unstructured Data 113

Unstructured Data Cost-Benefit Risk Data-driven 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. 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

SEPTEMBER 28, 2021

Moreover, with the help of an AI development company , businesses can avoid unforeseen downtime, increase operational productivity, develop new services and products, and boost risk control. Benefits of AI and IoT in Businesses. The advantages of IoT and AI could be combined to reap the full benefits of both.

IoT 134

IoT Internet of Things Cost-Benefit Consulting 134

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. This results in optimized resource utilization and cost efficiencies while enhancing overall productivity.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

Smart Data Collective

JULY 19, 2021

When you decide to relocate or broaden your data center, you need to take into account the costs, operational capability, and security. Benefits Of Data Center Colocation. Risk Management. This is probably the second most adored benefit of data center colocation solutions.

Cost-Benefit 130

Cost-Benefit Risk Management Risk Consulting 130

CIO Business Intelligence

MAY 9, 2022

Holistic, multi-dimensional collaboration delivers the highest total value, considering cost, speed, risk, quality, and overall customer experience. It includes order collaboration, forecast, capacity, inventory, quality, and cost collaboration with suppliers. Better risk management and control.

Cost-Benefit 87

Cost-Benefit Forecasting Risk Management Risk 87

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

datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Without real-time insight into their data, businesses remain reactive, miss strategic growth opportunities, lose their competitive edge, fail to take advantage of cost savings options, don’t ensure customer satisfaction… the list goes on. Benefits Of Implementing a BI Strategy. Table of Contents.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

Ontotext

APRIL 6, 2023

More and more companies are using them to improve a variety of tasks from product range specification and risk analysis to supporting self-driving cars. This allows companies to model and optimize the interactions between the various computers that make a car run, ensuring everything is operating in sync to meet the desired specifications.

Manufacturing 83

Manufacturing Cost-Benefit Knowledge Discovery Optimization 83

CIO Business Intelligence

JANUARY 24, 2024

The product — a building or bridge — might be physical but it can be represented digitally, through virtual design and construction, she says, with elements of automation that can optimize and streamline entire business processes for how physical products are delivered to clients. So they’ll be patient when it comes to ROI.

Risk Management 109

Risk Management Risk Management Digital Transformation 109

IBM Big Data Hub

JUNE 29, 2023

This blog explores the significance of IBP in today’s modern business landscape and highlights its key benefits and implementation considerations. What are the benefits of Integrated Business Planning process? By continuously monitoring and adjusting plans, businesses can remain responsive and seize competitive advantages.

Key Performance Indicator 81

Key Performance Indicator Forecasting Data Integration Sales 81

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 112

Cost-Benefit Risk Uncertainty Technology 112

IBM Big Data Hub

FEBRUARY 13, 2024

Product development : Generative AI is increasingly utilized by product designers for optimizing design concepts on a large scale. It assists in structural optimization which ensures that products are strong, durable and use minimal material, leading to considerable cost reductions.

Enterprise 123

Enterprise Modeling Testing Data-driven 123

FineReport

JUNE 7, 2023

This approach is facilitated by project management dashboards, which enable you to monitor, optimize, and enhance project performance while boosting overall team productivity. This, in turn, saves numerous working hours and ultimately reduces costs, all made possible through modern solutions.

Dashboards 52

Dashboards Management Visualization Cost-Benefit 52

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

IBM Big Data Hub

JULY 27, 2023

The following are some of the most impactful ways oil and gas is embracing EAM as an asset management strategy: Asset lifecycle management : Oil and gas assets are intricate, costly and have lengthy lifecycles. Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs.

Cost-Benefit 59

Cost-Benefit IoT Internet of Things Enterprise 59

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. But that was for tasks that the AI was good at.

IT 128

IT Consulting Testing Cost-Benefit 128

CIO Business Intelligence

MARCH 24, 2023

The Business Application Research Center (BARC) warns that data governance is a highly complex, ongoing program, not a “big bang initiative,” and it runs the risk of participants losing trust and interest over time.

Data Governance 142

Data Governance Management Metadata Data Quality 142

BizAcuity

JULY 26, 2021

Reduced costs . On top of that, the On-prem cloud gives the flexibility to scale up the data load automatically as per changing demand requirements, thereby optimizing performance and efficiency without personal intervention. . Improved security and risk management. Hardware costs. Increased agility and innovation.

IT 52

IT Cost-Benefit Data Processing Risk 52

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. Governance. This aspect is about data usage, privacy, and responsible technology innovation.

IT 91

IT Internet of Things Strategy IoT 91

Smart Data Collective

DECEMBER 9, 2021

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. AI has the potential to optimize tasks and processes that might otherwise take needless man-hours to handle. The cloud has been very important in these changes.

Technology 124

Technology Big Data Machine Learning Deep Learning 124

Corinium

APRIL 25, 2019

For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. Life insurance needs accurate data on consumer health, age and other metrics of risk. Now, there is a data risk here.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Jet Global

JANUARY 11, 2021

There are obviously some core functions associated with the CFO position, such as producing clear, accurate financial statements, attending to cash flow and the efficient use of working capital , risk management, responsibility for tax and compliance , and ensuring that the necessary internal controls are in place.

Analytics 75

Analytics Key Performance Indicator Finance Risk Management 75

AWS Big Data

AUGUST 14, 2023

At the same time, unstructured approaches to data mesh management that don’t have a vision for what types of products should exist and how to ensure they are developed are at high risk of creating the same effect through simple neglect. How do we define “risk” and “value” in the context of data products, and how can we measure this?

Management 75

Management Risk Measurement Optimization 75

Smart Data Collective

DECEMBER 17, 2021

We talked about the benefits of Zero Trust , but there are other data protection measures that you must take too. Benefits of cloud backup. In addition to the security required by certification, most providers can also provide 7×24 monitoring, management and reporting. What is backup? Reduce recovery time.

Cost-Benefit 105

Cost-Benefit Measurement Big Data ROI 105

Smart Data Collective

SEPTEMBER 21, 2021

Here are some of the most important metrics that data-driven retail businesses must evaluate to optimize their business models. They can compare this to the average CPA (cost per action) to see the average gross profit of a given customer. One of the highest costs for most retail businesses is payroll. Sales Per Square Foot.

Data-driven 109

Data-driven Metrics Sales Big Data 109

Laminar Security

NOVEMBER 16, 2023

DSPM solutions help organizations achieve data security compliance, reduce data breach risks, lower cloud costs, remediate ROT data, and enable data-driven innovation. The added context improves accuracy, reduces false positives, and can lower costs by focusing where stringent monitoring should be applied.

Risk 59

Risk Cost-Benefit Dashboards Management 59

Laminar Security

MAY 3, 2023

Six Important Takeaways Around DSPM #1: Organizations are Rapidly Adopting DSPM Solutions to Combat Shadow Data “By 2026, more than 20% of organizations will deploy DSPM technology, due to the urgent requirements to identify and locate previously unknown data repositories and to mitigate associated security and privacy risks.”

Management 52

Management Risk Risk Management Data Processing 52

IBM Big Data Hub

AUGUST 28, 2023

Insights and decision-making The final step of the text-mining workflow is transforming the derived insights into actionable strategies that will help your business optimize social media data and usage. A targeted approach will optimize the user experience and enhance an organization’s ROI. What is text mining?

Data mining 56

Data mining Machine Learning Deep Learning Marketing 56