IBM Big Data Hub

FEBRUARY 19, 2024

The pandemic and its aftermath highlighted the importance of having a robust supply chain strategy , with many companies facing disruptions due to shortages in raw materials and fluctuations in customer demand. Here’s how companies are using different strategies to address supply chain management and meet their business goals.

Strategy 88

Strategy Management Forecasting Cost-Benefit 88

IBM Big Data Hub

JANUARY 19, 2024

Disaster recovery strategies provide the framework for team members to get a business back up and running after an unplanned event. Worldwide, the popularity of disaster recovery strategies is understandably increasing. A disaster recovery strategy lays out how your businesses will respond to a number of unplanned incidents.

Strategy 100

Strategy Cost-Benefit Testing Risk 100

Smart Data Collective

JUNE 19, 2022

AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. AI technology has been helpful for businesses in different industries for years. The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Failure or Delay Risk.

Risk 133

Risk Cost-Benefit Risk Management Manufacturing 133

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. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Strategy 73

Strategy Cost-Benefit Key Performance Indicator Consulting 73

IBM Big Data Hub

JUNE 12, 2023

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach.

Strategy 95

Strategy Cost-Benefit Digital Transformation Uncertainty 95

CIO Business Intelligence

JUNE 9, 2023

But head starts don’t need to take years to make a difference, especially in the fast-moving world of technology where the window of opportunity is much shorter. In technology, hesitate, and you may not be able to catch up to your competitors. Such is the case with a data management strategy. That’s an almost 20-year head start.

Strategy 113

Strategy Management Key Performance Indicator ROI 113

CIO Business Intelligence

FEBRUARY 27, 2024

Does your organization see technology infrastructure as a commodity or as a strategic business enabler? The answer will shape your approach to infrastructure: you can keep legacy infrastructure going as long as you can, or you can pursue the cutting edge of technology. Legacy technology also affects sustainability.

Technology 103

Technology Management Manufacturing Cost-Benefit 103

CIO Business Intelligence

JANUARY 24, 2024

Organizations can’t afford to mess up their data strategies, because too much is at stake in the digital economy. Unfortunately, the road to data strategy success is fraught with challenges, so CIOs and other technology leaders need to plan and execute carefully. What are the goals for leveraging unstructured data?”

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

CIO Business Intelligence

OCTOBER 12, 2023

In the business world, service desks are commonly designated as cost centers, a label that can sometimes limit their access to essential resources and support. Additionally, employ the business case as a tool to tackle potential risks and develop strategies for their mitigation.

Strategy 106

Strategy ROI IT Cost-Benefit 106

IBM Big Data Hub

DECEMBER 20, 2023

Without an AI strategy, organizations risk missing out on the benefits AI can offer. An AI strategy helps organizations address the complex challenges associated with AI implementation and define its objectives. What is an AI strategy? A successful AI strategy should act as a roadmap for this plan.

Strategy 79

Strategy Business Objectives Cost-Benefit Consulting 79

Smart Data Collective

MARCH 23, 2023

You have probably read a lot about the major changes brought on by AI technology in recent months. For example, ChatGPT recently The Independent said that the technology is starting to show signs that it can think like humans. Some companies are interested in taking advantage of the benefits of existing AI tools like ChatGPT.

Software 114

Software Strategy Cost-Benefit Testing 114

IBM Big Data Hub

SEPTEMBER 6, 2023

Enterprise marketing teams stand to benefit greatly from generative AI, yet introduction of this capability will require new skills and processes. With the right generative AI strategy, marketers can mitigate these concerns. The journey starts with sound data. For decades, IBM has been at the forefront of AI for business.

Marketing 122

Marketing Strategy B2B Cost-Benefit 122

CIO Business Intelligence

OCTOBER 16, 2023

The world of manufacturing is undergoing a quiet revolution: the integration of Operational Technology (OT) and Information Technology (IT). For decades, businesses have focused on IT development, while OT has trailed decades behind in technological advancement. Liu Chao, CEO of Huawei’s Manufacturing and Large Enterprise BU.

Manufacturing 133

Manufacturing Strategy Cost-Benefit IoT 133

CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. Continuous and dependable funding facilitates IT leaders’ ability to deliver leading-edge technology solutions while not increasing technical debt. Meanwhile, CIOs want certainty when it comes to funding.

Modeling 122

Modeling Cost-Benefit IT ROI 122

IBM Big Data Hub

JANUARY 16, 2024

A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes. Why is a strong product development strategy important? Consumers have access to more information than ever to compare products and brands.

Strategy 83

Strategy Cost-Benefit Testing Manufacturing 83

Smart Data Collective

OCTOBER 13, 2021

The market for AI technology is growing remarkably. While marketing remains relevant and essential, AI technology provides endless opportunities that create a massive edge between you and your competitors. AI technology helps businesses respond to change and new business opportunities effectively. Leverage innovation.

Technology 122

Technology Cost-Benefit Experimentation Machine Learning 122

IBM Big Data Hub

JUNE 20, 2023

Here’s what you need to know in order to build a successful strategy. The following are the six stages of asset lifecycle management: Planning: In the first stage of the asset lifecycle, stakeholders assess the need for the asset, its projected value to the organization and its overall cost. What is an asset?

Strategy 78

Strategy Management Cost-Benefit IoT 78

Smart Data Collective

DECEMBER 13, 2021

The e-commerce sector has been one of the most affected by major advances in data technology. New advances in data technology have been especially beneficial for marketing. E-commerce Companies Are Using Big Data Technology to Improve the Execution of their Marketing Strategies. billion on big data by 2025.

Data-driven 135

Data-driven Marketing Strategy Big Data 135

Cloudera

AUGUST 30, 2022

Data-fuelled innovation requires a pragmatic strategy. Renovating it while realizing incremental ROI — customer or operational benefits — is the pragmatic approach to moving forward. Financial service providers continue to grapple with technology challenges and rising costs associated with legacy platforms.

Strategy 101

Strategy Data Strategy ROI Cost-Benefit 101

CIO Business Intelligence

MARCH 6, 2024

Operational technology (OT) organizations face increasing challenges when it comes to cybersecurity. continues to roll out, the internet of things (IoT) is expanding, and manufacturing organizations are using the latest technologies to scale. Attacks against OT systems pose risks beyond financial losses. As Industry 4.0

ROI 124

ROI Manufacturing Cost-Benefit IoT 124

CIO Business Intelligence

JULY 31, 2023

They note, too, that CIOs — being top technologists within their organizations — will be running point on those concerns as companies establish their gen AI strategies. Here’s a rundown of the top 20 issues shaping gen AI strategies today. So, what are the concerns that will complicate the enterprise gen AI playbook?

Strategy 98

Strategy Risk Enterprise Risk Management 98

CIO Business Intelligence

JULY 31, 2023

For those companies operating on a calendar year, the end of summer signals the start of annual planning and the mad dash to prepare their IT strategies. Your answers will lay the foundation for your strategy and highlight where your story needs work if you want to avoid fire drills in the eleventh hour. How much will it cost?

Strategy 98

Strategy IT Cost-Benefit Finance 98

datapine

OCTOBER 11, 2023

3) Top 15 Warehouse KPIs Examples 4) Warehouse KPI Dashboard Template The use of big data and analytics technologies has become increasingly popular across industries. Every day, more and more businesses realize the value of analyzing their own performance to boost strategies and achieve their goals. Let’s dive in with the definition.

Metrics 217

Metrics KPI Management Cost-Benefit 217

O'Reilly on Data

APRIL 23, 2024

The answer can be found in the theory of economic rents, and in particular, in the kinds of rents that are collected by companies during different stages of the technology business cycle. But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. What Is Economic Rent? They start to collect robber baron rents.

Advertising 268

Advertising Cost-Benefit Marketing Risk 268

IBM Big Data Hub

APRIL 10, 2024

In fact, 83% of IT executives feel that modernization is central to their organization’s strategy, but only 27% say their organizations have modernized the requisite workflows (including applications, data and underlying systems). By 2027, 25% of CIOs will have compensation linked to their sustainable technology impact.

Cost-Benefit 98

Cost-Benefit Software Risk Marketing 98

CIO Business Intelligence

APRIL 17, 2024

It encapsulates a transformative shift towards “total monetization” strategies, where businesses increasingly adopt innovative, customer-centric models to ensure sustainable growth. According to Konary, companies’ ability to adapt their monetization strategies to evolving market demands is crucial for achieving sustained and recurrent growth.

Broadcasting 110

Broadcasting Cost-Benefit Strategy Modeling 110

Smart Data Collective

SEPTEMBER 7, 2021

Technologies became a crucial part of achieving success in the increasingly competitive market, including big data and analytics. Top technologies helping organisations accomplish business goals. Here’s a brief overview of the top benefits it brings: A better understanding of the customer. Source: Statista.

Big Data 124

Big Data Technology Cost-Benefit Predictive Analytics 124

Smart Data Collective

APRIL 3, 2022

One of the ways to make money through the use of AI technology is with algorithmic trading. This is a huge market driven by AI technology that is expected to be worth $19 billion by 2024. As AI technology has improved, algorithmic trading has become more effective and given traders the opportunity to realize higher ROIs.

Technology 95

Technology Cost-Benefit ROI Strategy 95

Smart Data Collective

JUNE 2, 2022

Cloud technology is becoming an increasingly important part of modern business. One of the biggest reasons cloud technology is becoming important is that it is helping companies make e-procurement possible. This is all made possible with cloud technology. Meticulous Implementation of Procurement Strategy.

Technology 120

Technology ROI Cost-Benefit Forecasting 120

CIO Business Intelligence

MAY 16, 2023

In some instances, organizations undertook a thoughtful and planned approach to their multicloud strategies. Many found these environments difficult to manage, govern and modernize, all while controlling costs. All these challenges limited the benefits the multicloud model was supposed to unlock. What is multicloud by design?

Strategy 91

Strategy Cost-Benefit Optimization Modeling 91

Smart Data Collective

SEPTEMBER 29, 2022

AI has become one of the most important gamechangers for businesses and customers relying on mobile technology. This is one of the reasons companies are spending over $328 billion on AI technology. However, we haven’t discussed the benefits of using AI to distribute apps through app marketplaces in as much detail.

Technology 125

Technology Advertising Cost-Benefit Publishing 125

CIO Business Intelligence

AUGUST 1, 2022

Upgrading IT and data security to reduce corporate risk was the No. As enterprises modernize with cloud, connectivity, and data, they are gravitating to technology-as-a-service models to refashion IT estates. 1 CEO priority for respondents to the IDG/Foundry “State of the CIO Study 2022” research , cited by a third of the respondents.

Strategy 94

Strategy Cost-Benefit Risk Management 94

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. In that post, I referenced Matt Josefowticz’s article – Technology May be the Answer for Insurers, but What Was the Question? , Let’s dive into greater detail on the second lever – Manage Risk Better.

Insurance 69

Insurance Risk Technology Management 69

Smart Data Collective

SEPTEMBER 12, 2021

One of the biggest benefits of big data has been in the field of investing. Savvy investors have discovered the data analytics and AI technology can tremendously help when they want to reach or even set their goals. Using Big Data to Create a Well Executed Investing Strategy. Are you considering investing in stocks and shares?

Data-driven 81

Data-driven Strategy Big Data Cost-Benefit 81

CIO Business Intelligence

FEBRUARY 29, 2024

Captive centers are no longer just means of value creation, providing cost savings and driving process standardization. As companies have grown comfortable with offshore and nearshore delivery, the captive model offers the opportunity to tap larger populations of lower-cost talent without handing the reins to a third party.

Cost-Benefit 113

Cost-Benefit Risk Modeling Strategy 113

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

CIO Business Intelligence

APRIL 4, 2024

Everyone is running around trying to apply this technology that’s moving so fast, but without business outcomes, there’s no point to it,” says Redmond, CIO at power management systems manufacturer Eaton Corp. “We Webster Bank is following a similar strategy. Production is another area that benefits from AI. “At

Enterprise 133

Enterprise Cost-Benefit Forecasting Strategy 133