IBM Big Data Hub

JANUARY 25, 2024

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 regulations, undergoing digital transformation and the need for cost-cutting. A 40% reduction in inventory costs.

Optimization 80

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 80

FineReport

APRIL 26, 2023

Cost Savings : Big data tools such as FineReport , Hadoop, Spark, and Apache can assist businesses in saving costs by storing and handling huge amounts of data more efficiently. Prescriptive Analytics provides precise recommendations to respond to the query, “What should I do if ‘x’ occurs?”

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Cloudera

JULY 18, 2018

We recently announced the availability of MetiStream Ember on top of Cloudera, which offers an end-to-end interactive analytics platform specifically for the healthcare and life sciences industries. Ember exploits FHIR beyond data exchange to empower interoperable analytics.

Machine Learning 50

Machine Learning Predictive Analytics Analytics Prescriptive Analytics 50

Sisense

JUNE 30, 2020

Broadly, there are three types of analytics: descriptive , prescriptive , and predictive. The simplest type, descriptive analytics , describes something that has already happened and suggests its root causes. Predicting forthcoming trends sets the stage for optimizing the benefits your organization takes from them.

Visualization 93

Visualization Analytics Dashboards Data-driven 93

AWS Big Data

MARCH 26, 2024

Data storage Structured, semi-structured, or unstructured batch data is stored in an object storage because these are cost-efficient and durable. Plan on how you can enable your teams to use ML to move from descriptive to prescriptive analytics. Enrichment typically involves adding demographic, behavioral, and geolocation data.

Data Strategy 70

Data Strategy Strategy Data Warehouse Prescriptive Analytics 70

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow. How can we make it happen?

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Andrew White

JANUARY 11, 2021

With a success behind you, sell that experience as the kind of benefit you can help improve. Some data is more a risk than valuable. What are you seeing as the differences between a Chief Analytics Officer and the Chief Data Officer? Risk Management (most likely within context of governance). GI-GO of course we all know.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52