Cloudera

OCTOBER 14, 2020

Not many other industries have such a sophisticated business model that encompasses a culture of streamlined supply chains, predictive maintenance, and unwavering customer satisfaction. This data will be used to train the model that can predict how many flights a given engine has until failure. Conclusion. Next Steps.

Machine Learning 97

Machine Learning Modeling Cost-Benefit Testing 97

DataRobot

NOVEMBER 24, 2021

Reduce its operational costs? In a survey of field service and IT staff, GE and GE Service Max found that unplanned downtime costs companies about $260K per hour. Keeping that possibility in mind, take a look at potential AI benefits in the field of drug discovery. How AI Benefits Business Leaders. Download Now.

Cost-Benefit 98

Cost-Benefit ROI Data-driven Predictive Modeling 98

IBM Big Data Hub

APRIL 1, 2024

Businesses that use IBM watsonx Assistant can expect to see a 30% reduction in customer support costs and a 20% increase in customer satisfaction. A key benefit of GenAI is its ability to generate code. Accelerating product modernization GenAI has the power to automate manual product modernization processes.

Predictive Analytics 83

Predictive Analytics Sales Enterprise Predictive Modeling 83

Smarten

MAY 13, 2022

Adding integrated mobile analytics to the Tally ERP solution provides numerous benefits. Offers cost-effective, simple registration and user access. Offers augmented analytics components including self-serve data prep, smart data visualization and assisted predictive modeling.

Analytics 76

Analytics Cost-Benefit Finance Data Quality 76

IBM Big Data Hub

MAY 1, 2023

The early versions of AI were capable of predictive modelling (e.g., The four categories of predictive modelling, robotics, speech and image recognition are collectively known as algorithm-based AI or Discriminative AI. recommending similar Netflix shows based on your previous choices) or robotics (e.g.,

Insurance 82

Insurance Predictive Modeling Cost-Benefit Statistics 82

Smart Data Collective

MAY 23, 2021

You may be surprised to hear about the amazing benefits that AI offers for startups , especially those in the tech sector. While this can be classed as data science, one difference is that data science tends to use a predictive model to make its analysis, while AI can be capable of analyzing based on learned knowledge and facts.

Data Science 99

Data Science Cost-Benefit Statistics Predictive Modeling 99

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 85

Cost-Benefit Measurement Management Predictive Analytics 85

Smart Data Collective

MARCH 23, 2022

There are a lot of benefits of utilizing AI technology in the automotive sector. Many companies are using AI to create more energy efficient and cost-effective vehicles. Although there are many benefits of embedding AI in these cars, one of the biggest selling points is that it makes vehicles safer.

IoT 108

IoT Internet of Things Testing Cost-Benefit 108

IBM Big Data Hub

FEBRUARY 14, 2024

Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). More benefits from AI include building a more sustainable IT system and improving the continuous integration/continuous (CI/CD) delivery pipelines.

Cost-Benefit 87

Cost-Benefit Insurance Unstructured Data Machine Learning 87

DataRobot

APRIL 27, 2021

The benefit of these software robots is they can perform these actions faster and more consistently than people and can run 24/7. These automation specialists are now upskilling in data science , leveraging DataRobot, to rapidly build highly predictive models, in a no-code environment, and embed them into their automation workflows.

Machine Learning 98

Machine Learning Cost-Benefit Predictive Modeling Software 98

IBM Big Data Hub

MAY 16, 2023

This complexity translates into higher costs and makes it difficult for marketing teams to keep up. Benefits include improved market performance and reduced costs, revenue growth through deep customer understanding and actionable insights, and exceptional experiences for customers and marketers.

Marketing 73

Marketing Management Optimization Cost-Benefit 73

FineReport

APRIL 21, 2024

Why SaaS BI Tools Matter The Shift to Cloud-Based Data Analysis The global market for SaaS-based Business Intelligence is experiencing significant growth, driven by factors such as cost-effectiveness, scalability, and real-time data access.

Business Intelligence 52

Business Intelligence Visualization Dashboards Data-driven 52

IBM Big Data Hub

AUGUST 14, 2023

The Cost of a Data Breach 2023 global survey found that extensively using artificial intelligence (AI) and automation benefited organizations by saving nearly USD 1.8 million in data breach costs and accelerated data breach identification and containment by over 100 days, on average.

Cost-Benefit 59

Cost-Benefit Machine Learning Consulting Data mining 59

Smarten

MAY 16, 2019

You probably know how much it costs to recruit and hire a team member but, do you know how long that team member is likely to stay in your employ and what factors will cause them to stay with the company or seek greener pastures? In the interim, there is loss of productivity and the risk of crucial mistakes. Customer Targeting.

Predictive Analytics 51

Predictive Analytics Analytics Predictive Modeling Cost-Benefit 51

CIO Business Intelligence

OCTOBER 5, 2023

For AI, the high-value quadrant is where you’ll find most predictive modeling. After all, how do you assess the value and feasibility of use cases that rely on an emerging technology so little understood, or that require building capabilities that may not immediately yield benefits? Artificial Intelligence, IT Leadership

Experimentation 130

Experimentation Strategy Machine Learning Interactive 130

Smart Data Collective

SEPTEMBER 30, 2021

Drought Risk Assessment and Prediction. Overall, droughts have cost the world $1.5 2 Through artificial intelligence-based prediction, there can be improvement in decision making regarding droughts and better methods and timing employed to ensure optimal water resource allocation and disseminating information ahead of drought events.

Machine Learning 120

Machine Learning Cost-Benefit Optimization Forecasting 120

IBM Big Data Hub

APRIL 28, 2022

To reduce delays, human errors and overall costs, data and IT leaders need to look beyond traditional data best practices and shift toward modern data management agility solutions that are powered by AI. Learn more about a data fabric architecture and how it can benefit your organization. That’s where the data fabric comes in.

Metadata 84

Metadata Data Warehouse Forecasting Predictive Modeling 84

BizAcuity

MARCH 18, 2019

Credit scoring systems and predictive analytics model attempt to quantify uncertainty and provide guidance for identifying, measuring and monitoring risk. Benefits of Predictive Analytics in Unsecured Consumer Loan Industry. This can bring down the labor costs for a lending company. Where BizAcuity comes in?

Predictive Analytics 83

Predictive Analytics Analytics Cost-Benefit Data mining 83

BizAcuity

JULY 13, 2021

Our gaming platform can ingest data in a much simpler way and provide the benefits of a scalable and robust analytics platform, which can ingest data in a much simpler way and provide the benefits of a scalable and robust analytics platform, independent of individual source systems being used by the client in a much faster and cost-effective way.

Optimization 52

Optimization Marketing Analytics Data Warehouse 52

DataRobot

SEPTEMBER 17, 2021

So they create business or “decision rules” that act on the output of their predictive models to add business best practices and standardize decision-making across the organization. That is the ultimate decision. Organizations using AI most effectively put a lot of thought into decisions like these.

Forecasting 52

Forecasting Predictive Modeling Machine Learning Cost-Benefit 52

Smart Data Collective

APRIL 10, 2020

Taking control of the data that you have can not only improve information accessibility within your company but provide a range of benefits that can be the driving force behind gaining a competitive advantage in your market. Cut Costs & Improve Efficiency. But how exactly can big data help? Helps You Hire the Best Candidates.

Big Data 137

Big Data Cost-Benefit Metrics Marketing 137

Sisense

MARCH 7, 2021

Machine learning and predictive modeling allowed the company to use complex historical warranty claim and cost information, previous and new product attributes, and forecasting data to create a predictive data model for future warranty costs.

Slice and Dice 98

Slice and Dice Data-driven Cost-Benefit Forecasting 98

CIO Business Intelligence

APRIL 22, 2022

For most organizations, it is employed to transform data into value in the form of improved revenue, reduced costs, business agility, improved customer experience, the development of new products, and the like. Data analytics describes the current state of reality, whereas data science uses that data to predict and/or understand the future.

Data Science 140

Data Science Statistics Machine Learning Visualization 140

Smarten

MAY 16, 2019

Use Assisted Predictive Modeling to define the perfect loan applicant profile and to monitor and manage existing loans to anticipate and mitigate loan defaults. We invite you to explore other use cases and discover how predictive analytics, and assisted predictive modeling can help your business to achieve its goals.

Predictive Analytics 40

Predictive Analytics Analytics Predictive Modeling Insurance 40

IBM Big Data Hub

OCTOBER 16, 2023

Foundation models can use language, vision and more to affect the real world. GPT-3, OpenAI’s language prediction model that can process and generate human-like text, is an example of a foundation model. They are used in everything from robotics to tools that reason and interact with humans.

Risk 76

Risk Modeling Management Metadata 76

Smarten

APRIL 2, 2019

The augmented analytics advantages far outweigh the considerations for time and cost of implementation and the right advanced analytics tool will provide timely, cost-effective implementation and data integration to get the organization up and running quickly and efficiently.

Analytics 40

Analytics Predictive Modeling Visualization Cost-Benefit 40

Paul Blogs on BI

MARCH 25, 2020

Some universities and institutions have built out predictive models based on this data which are even more likely to be erroneous. Controlling costs will be important for a lot of organizations in the coming months and I plan to write about this in an upcoming blog.

Business Intelligence 51

Business Intelligence Measurement Metrics Cost-Benefit 51

Smarten

DECEMBER 3, 2023

Let’s look at some of the reasons business intelligence (BI) and augmented analytics are important to your business and the benefits this type of solution can provide for your enterprise. The benefits of self service analytics are too numerous to mention. The benefits of self service analytics are too numerous to mention.

Analytics 40

Analytics Cost-Benefit Data Quality Consulting 40

CIO Business Intelligence

AUGUST 7, 2023

Getting proactive with proofs of concept For Praveen Jonnala, senior vice president and CIO at Commscope, a manufacturer of network infrastructure products, effective change management comes by way of pilot projects tuned to a particular business problem and that make the benefits of well-orchestrated transformation clear.

IT 98

IT Sales Manufacturing Cost-Benefit 98

FineReport

APRIL 9, 2024

Benefits of Healthcare Business Intelligence Tools Improved Decision-Making: Healthcare BI tools enable informed decision-making by providing real-time data analysis and predictive insights. The integration of clinical data analysis tools empowers healthcare providers to leverage predictive analytics for proactive decision-making.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

datapine

AUGUST 14, 2019

Data science tools are used for drilling down into complex data by extracting, processing, and analyzing structured or unstructured data to effectively generate useful information while combining computer science, statistics, predictive analytics, and deep learning. Here, we list the most prominent ones used in the industry.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

DataRobot Blog

APRIL 1, 2022

But the secret for getting an actual benefit from AI is not as simple as developing some models or purchasing an AI platform. Steward uses machine learning to make big decisions about staff and patients, reduce costs, and improve patient outcomes and experiences, and they have already started achieving their goal of decreasing costs.

Machine Learning 59

Machine Learning Cost-Benefit Predictive Modeling Modeling 59

Domino Data Lab

JULY 28, 2021

There are many software packages that allow anyone to build a predictive model, but without expertise in math and statistics, a practitioner runs the risk of creating a faulty, unethical, and even possibly illegal data science application. All models are not made equal.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

Sisense

JANUARY 26, 2020

Because the steps are repeated so many times through the process, a small edge created via predictive analytics in manufacturing will be magnified at every repetition to produce significant benefit. Here are a few examples of companies using manufacturing analytics to win the future: Predicting return rate.

Predictive Analytics 78

Predictive Analytics Manufacturing Analytics Forecasting 78

Smarten

NOVEMBER 3, 2017

Business users can quickly and easily prepare and analyze data and visualize and explore data, notate and highlight data and share data with others to identify the important ‘nuggets’, buried in traditional data, and to connect the dots, find exceptions, identify patterns and trends and better predict results.

Analytics 40

Analytics Visualization Experimentation Cost-Benefit 40

IBM Big Data Hub

AUGUST 28, 2023

Text mining —also called text data mining—is an advanced discipline within data science that uses natural language processing (NLP) , artificial intelligence (AI) and machine learning models, and data mining techniques to derive pertinent qualitative information from unstructured text data. What is text mining?

Data mining 57

Data mining Machine Learning Deep Learning Marketing 57

Cloudera

JULY 18, 2018

Now organizations can reap all the benefits of having an enterprise data lake, in addition to an advanced analytics solution enabling them to put machine learning and AI into action at massive scale to improve health outcomes for individuals and entire populations alike.

Machine Learning 50

Machine Learning Predictive Analytics Analytics Prescriptive Analytics 50