IBM Big Data Hub

NOVEMBER 7, 2023

For business leaders exploring ways to apply generative AI within their companies, it can be difficult to discern where to start, what will scale easily and what will deliver the greatest ROI. The study found that 8 out of 10 C-suite executives agree that the benefits of generative AI are worth the potential risks.

Digital Transformation 86

Digital Transformation ROI Cost-Benefit Reporting 86

IBM Big Data Hub

OCTOBER 25, 2023

First, technology leaders need to estimate the full financial impact of modernization (versus the cost of not modernizing) across the organization. Transformation planning: Generative AI can help define your modernization workflow through summarization, plan creation and generating reference architecture such as Terraform.

Cost-Benefit 83

Cost-Benefit ROI Modeling Testing 83

IBM Big Data Hub

MAY 17, 2024

Organizations face increased pressure to move to the cloud in a world of real-time metrics, microservices and APIs, all of which benefit from the flexibility and scalability of cloud computing. Most “lifted and shifted” apps can operate in a cloud environment but might not to reap the full benefits of cloud.

Modeling 98

Modeling Cost-Benefit Optimization Digital Transformation 98

Cloudera

AUGUST 30, 2022

Cloudera refers to this as universal data distribution, as explored further in this blog post. The reality is that we cannot take multiple years to realize an ROI as the industry is moving too quickly. Renovating it while realizing incremental ROI — customer or operational benefits — is the pragmatic approach to moving forward.

Strategy 110

Strategy Data Strategy ROI Cost-Benefit 110

datapine

JANUARY 6, 2022

Data interpretation refers to the process of using diverse analytical methods to review data and arrive at relevant conclusions. Before any serious data analysis can begin, the scale of measurement must be decided for the data as this will have a long-term impact on data interpretation ROI. What Is Data Interpretation? minimal growth).

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

DataRobot

NOVEMBER 24, 2021

Reduce its operational costs? Increase ROI through Greater Operational Savings. 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.

Cost-Benefit 98

Cost-Benefit ROI Data-driven Predictive Modeling 98

Cloudera

OCTOBER 30, 2023

The main challenges are pointed out as a lack of resources/expertise, security, and from a different perspective, cloud cost management. The decentralized resource provisioning approach, foundational to cloud solutions and infrastructure, faces a big challenge when it comes to governing the costs of on-demand resource allocation/utilization.

Analytics 81

Analytics Cost-Benefit ROI Business Objectives 81

Smart Data Collective

SEPTEMBER 29, 2022

There are a number of benefits of using it to your company’s advantage. OCR and Other Data Extraction Tools Have Promising ROIs for Brands. A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations.

Data-driven 135

Data-driven Data Quality Optimization Insurance 135

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 80

Cost-Benefit Measurement Management Predictive Analytics 80

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. It refers to the process of copying all or part of the data from the hard disk or array to other storage media to prevent data loss caused by system operation error or system failure. Benefits of cloud backup.

Cost-Benefit 102

Cost-Benefit Measurement Big Data ROI 102

Smart Data Collective

DECEMBER 17, 2021

It can refer to predictive analytics or even “big data.” There are many benefits of digitizing your data to get the most out of your BI strategy. What is the ROI of BI Solutions in 2022? According to the analysis conducted by Gartner , the ROI of BI Solutions can be difficult to measure.

Business Intelligence 93

Business Intelligence Cost-Benefit Dashboards Interactive 93

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

IT 105

IT Cost-Benefit ROI Risk 105

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. Highlight the unique benefits, opportunities, and culture. Describe the application process.

Strategy 62

Strategy Cost-Benefit Consulting Data-driven 62

datapine

MARCH 15, 2019

Data intelligence refers to every analytical tool and activity based on forming a better understanding of the information and data a company (or business) collects, analyzing and utilizing it with the goal of enhancing and evolving business processes. The Benefits Of Data Intelligence. Primary KPIs : Treatment Costs.

Technology 143

Technology Cost-Benefit KPI Dashboards 143

Smart Data Collective

JANUARY 27, 2022

They have heard that big data can be useful, so they invest in it without much consideration for their ROI. Not only will this improve productivity, but it can also lead to cost savings down the road. While this may seem counterintuitive because it requires an extra investment, the benefits often outweigh the costs.

Optimization 104

Optimization IT Big Data Cost-Benefit 104

IBM Big Data Hub

JUNE 26, 2023

The benefits of AIOps are many. For today’s IT professionals, AIOps is also one of the fastest ways to realize tangible ROI from digital transformation investments. AIOps helps you operationalize this approach by using data-driven cloud spend decisions to safely balance cost and performance.

Digital Transformation 52

Digital Transformation Cost-Benefit ROI Data-driven 52

IBM Big Data Hub

APRIL 18, 2024

AGI, sometimes referred to as strong AI , is the science-fiction version of artificial intelligence (AI), where artificial machine intelligence achieves human-level learning, perception and cognitive flexibility. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 90

Cost-Benefit Modeling Manufacturing Interactive 90

Smart Data Collective

NOVEMBER 2, 2022

A growing number of organizations are leveraging big data to get higher ROIs from their organic and paid marketing campaigns. Martech author Allen Martinez talks about the benefits of big data in Fintech marketing. Big data technology has changed the future of marketing in a multitude of ways. You will need to pay for quality.

Marketing 137

Marketing Big Data Data-driven Sales 137

IBM Big Data Hub

JUNE 2, 2023

This resulted in a 50% reduction in annual operating costs, improving application response time by 3.5x, benefiting end-user experience, and moving the state to a “pay-as-you-go” model for a reduced upfront commitment. Empower end users with self-service catalog management. city agency serving 19M citizens.

Consulting 80

Consulting Cost-Benefit Technology ROI 80

datapine

JANUARY 24, 2021

An average business user and cross-departmental communication will increase its effectiveness, decreasing time to make actionable decisions and, consequently, provide a cost-effective solution. Or even better: “Which marketing campaign that I did this quarter got the best ROI, and how can I replicate its success?”. Giving the most ROI?

IT 317

IT Statistics KPI Data-driven 317

DataKitchen

MARCH 16, 2023

There are four main benefits of reducing errors. Productivity can be measured using metrics such as the number of projects completed per team member, the percentage of projects completed on time, and the estimated ROI of each project. Use tools like DataKithchen DataOps Observability to build and watch your Data Journeys.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

Jet Global

JANUARY 11, 2021

In this post, we will be looking at three different real estate industry participants, how real estate KPIs can help them, and the benefits of using a real estate KPI dashboard. Payback Period = Initial Capital Cost for Project / Annual Savings or Earnings from Project. ROI = (Net Profit / Total Investment) * 100%.

Metrics 98

Metrics Reporting KPI Key Performance Indicator 98

FineReport

MAY 9, 2023

Tracking campaign performance Another benefit of marketing reporting is campaign tracking. Make your digital markeing report Global marketing strategies You can benefit greatly from professional reports if your company operates in multiple countries or markets. First, of course, there is always the desire to market oneself.

Reporting 52

Reporting Marketing Advertising Metrics 52

datapine

MARCH 27, 2019

Centered on leveraging consumer insights to improve your strategies and communications by using a highly data-driven process can also be referred to as Customer Intelligence (CI). Customer intelligence is not only methodical but will also provide the following benefits to your business: Creating customer loyalty. Cost-per-Click (CPC).

Management 129

Management Data-driven Dashboards Visualization 129

CIO Business Intelligence

MAY 1, 2024

Ready to roll It’s shorter to make a list of organizations that haven’t announced their gen AI investments, pilots, and plans, but relatively few are talking about the specifics of any productivity gains or ROI. The costs for individual gen AI tasks can be pennies, but even small costs add up.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

datapine

SEPTEMBER 6, 2022

Modern content performance reports in the shape of an interactive online dashboard present an intuitive and accessible way to assess your content’s success and its ROI in real-time and in one centralized location. While this indicator might be subjective, it is a good reference to evaluate how easy to read your articles are.

Dashboards 179

Dashboards Reporting ROI Metrics 179

datapine

NOVEMBER 13, 2019

If your procurement process costs you valuable time and incurs unnecessary costs, you may end up falling behind your competitors. The price of light is less than the cost of darkness.” – Arthur C. There are a host of benefits to procurement reporting. f) Reduce and avoid unnecessary procurement costs to the business.

Reporting 158

Reporting KPI Cost-Benefit Metrics 158

datapine

JULY 6, 2022

Sales goals and profit margins are all performance metrics examples that businesses reference, but it goes much deeper than that. Professionals in human resources, management, customer service and more can all benefit from the data in their productivity metrics. KPIs and productivity metrics can often act as intertwining categories.

Measurement 243

Measurement Metrics KPI Sales 243

datapine

JANUARY 18, 2023

Operational reports are commonly used in manufacturing, logistics, and retail as they help keep track of inventory, production, and costs, among others. Internal Reports A type of report that encompasses many others on this list, internal reports refer to any type of report that is used internally in a company.

Reporting 201

Reporting Metrics Dashboards Visualization 201

Cloudera

FEBRUARY 8, 2023

How Bad is Bad Code: The ROI of Fixing Broken Spark Code Once in a while I stumble upon Spark code that looks like it has been written by a Java developer and it never fails to make me wince because it is a missed opportunity to write elegant and efficient code: it is verbose, difficult to read, and full of distributed processing anti-patterns.

Measurement 59

Measurement Testing Cost-Benefit ROI 59

datapine

APRIL 22, 2020

To help you on your path to digital dashboard software enlightenment, we’ll define digital dashboards, look at the business-boosting benefits of data-centric dashboards, and present a selection of real-life examples. The 6 Key Benefits Of Using Digital Dashboards. IT Cost Dashboard. Primary KPIs: IT ROI. P/E Ratio.

Dashboards 189

Dashboards Key Performance Indicator Visualization Cost-Benefit 189

Alation

FEBRUARY 20, 2020

With a cloud deployment, enterprises can leverage a “pay as you go” model; reducing the burden of incurring capital costs. Not only can resources be quickly provisioned and optimized for different workloads and processing needs, but it can be done cost effectively. Data that needs to be tightly controlled (e.g. Conclusion.

Data Lake 52

Data Lake ROI Metadata Cost-Benefit 52

CIO Business Intelligence

DECEMBER 7, 2022

million in labor costs (contract or permanent) over a three-year period. Building a business case and defining a clear path to ROI. Balancing short-term and long-term needs and cost-benefits analysis/ROI. Each method has its own benefits and challenges and is best suited to specific scenarios.

ROI 97

ROI Cost-Benefit Modeling Data-driven 97

IBM Big Data Hub

AUGUST 11, 2023

Proper planning and preparation will contribute to a successful MES implementation and maximize its benefits for your organization. Cost: Evaluate the total cost of ownership (TCO) for the MES software, including licensing, implementation, training and ongoing maintenance management. pharmaceuticals, aerospace, etc.),

Software 68

Software Manufacturing Cost-Benefit ROI 68

CIO Business Intelligence

APRIL 18, 2022

Organizations that continued full speed ahead with their digital transformation initiatives during the COVID-19 pandemic are able to ruminate on what went right and what they would have done differently, with the benefit of hindsight. The challenge with this approach is that companies end up in what we refer to as the ‘digital trap.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

IBM Big Data Hub

NOVEMBER 22, 2023

Here are some key benefits an enterprise resource planning system can bring when managing all aspects of the business. This means if an employee is trying to assess an issue, they don’t have outdated data to analyze and instead have the most accurate and up to date numbers to refer to.

Cost-Benefit 61

Cost-Benefit Consulting Software Enterprise 61

Jet Global

MARCH 10, 2021

Instead of using fixed time periods (such as fiscal years) as a primary frame of reference, the life cycle approach views budgeting from the perspective of products, services, and programs from the time you initially conceive them to the point at which you retire them or they otherwise reach their conclusion. What is Life Cycle Planning?

Management 98

Management Cost-Benefit Forecasting ROI 98