Smart Data Collective

SEPTEMBER 16, 2022

They are using big data technology to offer even bigger benefits to their fintech customers. The use of artificial intelligence technologies allows for improving the quality of service and minimizing costs. Benefits of Decentralized Finance: Transparency. Cost optimization. Unstructured data.

Finance 116

Finance Unstructured Data Cost-Benefit Big Data 116

CIO Business Intelligence

SEPTEMBER 29, 2023

Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. Most predominantly, these organizations talk about the risks that are an intrinsic part of generative AI technology. At the top of that list are data privacy and security as well as output accuracy. Regulatory compliance.

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

CIO Business Intelligence

JULY 23, 2023

More than 60% of corporate data is unstructured, according to AIIM , and a significant amount of this unstructured data is in the form of non-traditional “records,” like text and social media messages, audio files, video, and images.

Data Governance 98

Data Governance Unstructured Data Cost-Benefit Machine Learning 98

IBM Big Data Hub

MAY 14, 2024

Despite the headwinds, there are tailwinds in which we can use new technology to enable CFOs to perform in their business partnering roles and drive productivity, cost take out, accuracy, control and business value. There are benefits to being a consumer of AI but far greater benefits for being a value creator.

Finance 77

Finance Cost-Benefit Reporting Forecasting 77

Cloudera

JANUARY 28, 2022

Customers vary widely on the topic of public cloud – what data sources, what use cases are right for public cloud deployments – beyond sandbox, experimentation efforts. Private cloud continues to gain traction with firms realizing the benefits of greater flexibility and dynamic scalability. Cost Management.

Slice and Dice 113

Slice and Dice Cost-Benefit Risk Data Governance 113

Smart Data Collective

AUGUST 30, 2022

The sudden growth is not surprising, because the benefits of the cloud are incredible. Cloud technology results in lower costs, quicker service delivery, and faster network data streaming. It also allows companies to offload large amounts of data from their networks by hosting it on remote servers anywhere on the globe.

Technology 134

Technology Enterprise Cost-Benefit Testing 134

Cloudera

DECEMBER 19, 2023

AI can optimize citizen-centric service delivery by predicting demand and customizing service delivery, resulting in reduced costs and improved outcomes. My final question to the roundtable was, “What are government agencies to do to optimize the value of AI today while balancing the inherent risks and limitations facing them?”

Optimization 88

Optimization Cost-Benefit Unstructured Data Risk 88

IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications.

Unstructured Data 95

Unstructured Data Cost-Benefit Experimentation Machine Learning 95

Cloudera

JUNE 22, 2023

These dis-integrated resources are “data platforms” in name only: in addition to their high maintenance costs, their lack of interoperability with other critical systems makes it difficult to respond to business change. The top-line benefits of a hybrid data platform include: Cost efficiency. Simplified compliance.

Cost-Benefit 65

Cost-Benefit Digital Transformation Data Governance Unstructured Data 65

CIO Business Intelligence

JUNE 28, 2023

The R&D laboratories produced large volumes of unstructured data, which were stored in various formats, making it difficult to access and trace. Finally, our goal is to diminish consumer risk evaluation periods by 80% without compromising the safety of our products.” This allowed us to derive insights more easily.”

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

CIO Business Intelligence

OCTOBER 3, 2023

These tools bring benefits beyond automation. They enable greater efficiency and accuracy and error reduction, better decision making, better compliance and risk management, process optimisation and greater agility. These could include cost savings, increased efficiency, better customer experiences or enhanced competitive advantage.

Cost-Benefit 122

Cost-Benefit Machine Learning Interactive Software 122

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 90

Cost-Benefit Insurance Unstructured Data Machine Learning 90

Smart Data Collective

DECEMBER 21, 2020

We previously talked about the benefits of data analytics in the insurance industry. One report found that big data vendors will generate over $2.4 Key benefits of AI include recognizing speech, identifying objects in an image, and analyzing natural or unstructured data forms. Spotting fraudulent cases.

Insurance 135

Insurance Cost-Benefit Big Data Unstructured Data 135

CIO Business Intelligence

DECEMBER 13, 2023

All they have to do is map their data and upload it, and then new data is refueled overnight so they can get new analytics out.” Giving benefits Being able to centrally create these types of resources and roll them out gives a big competitive advantage. But at the same time there’s also risk.

IT 104

IT Unstructured Data Cost-Benefit Data Warehouse 104

CIO Business Intelligence

AUGUST 17, 2023

But, as with any big new wave, there is a risk of once-promising projects being washed up and there are clear and obvious concerns over governance, quality and security. We ran workshops with every division of our business, educating them on the accelerating innovation in this area, brainstorming opportunities and risks.

Risk 98

Risk Cost-Benefit Strategy Experimentation 98

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. billion by 2026.

Finance 52

Finance Risk Management Unstructured Data Cost-Benefit 52

Octopai

MARCH 22, 2023

This makes it an ideal platform for organizations that handle sensitive data. Cost: Snowflake’s pricing model is based on usage, which means you only pay for what you use. This can be more cost-effective than traditional data warehousing solutions that require a significant upfront investment.

Cost-Benefit 78

Cost-Benefit Data Warehouse Unstructured Data Optimization 78

Smart Data Collective

DECEMBER 18, 2020

A few years ago, we talked about the benefits of using AI and big data in disaster relief. In seven of the last 10 years, there have been 10 or more weather-related disasters with costs exceeding $1 billion each. These problems put the importance of big data and AI to the test, as we strive to fight the problems they cause.

Cost-Benefit 90

Cost-Benefit Unstructured Data Big Data Risk 90

Smart Data Collective

APRIL 5, 2021

Big data has become the lifeblood of small and large businesses alike, and it is influencing every aspect of digital innovation, including web development. What is Big Data? Big data can be defined as the large volume of structured or unstructured data that requires processing and analytics beyond traditional methods.

Big Data 108

Big Data IT Data-driven Sales 108

erwin

JANUARY 9, 2020

They also face increasing regulatory pressure because of global data regulations , such as the European Union’s General Data Protection Regulation (GDPR) and the new California Consumer Privacy Act (CCPA), that went into effect last week on Jan. Today’s data modeling is not your father’s data modeling software.

Data Governance 144

Data Governance Modeling Metadata Unstructured Data 144

bridgei2i

FEBRUARY 24, 2021

In our latest episode of the AI to Impact podcast, host Monica Gupta – Manager of AI Actions, meets with Sunil Mudgal – Advisor, Talent Analytics, BRIDGEi2i, to discuss the benefits of adopting AI-powered surveillance systems in HR organizations. Many organizations today are dealing with large amounts of structured and unstructured data.

Cost-Benefit 92

Cost-Benefit Recreation/Entertainment Digital Transformation Scorecard 92

Ontotext

NOVEMBER 2, 2023

Unlocking additional value from data requires context, relationships, and structure, none of which are present in the way most organizations store their data today. Solution to the Data Dilemma The good news is that the solution to this data dilemma is actually quite simple.

IT 69

IT Cost-Benefit Data-driven Technology 69

CIO Business Intelligence

SEPTEMBER 21, 2023

The phrase “existential risk” is now everywhere—not in the sense the AI would destroy humanity, but that it would make business functions, or even entire companies, obsolete. If you take something slightly risky and make it a thousand times bigger, the risks are amplified,” he says. But it’s a sign of what’s to come. “If

Enterprise 130

Enterprise Consulting Modeling Cost-Benefit 130

Cloudera

OCTOBER 21, 2020

After all, at its core, insurance is a data business. The entire business boils down to the accurate assessment of risk through data. Health data. Financial data. Environmental data. With new types of data being added all the time, that quickly becomes cost-prohibitive and cumbersome. .

Insurance 72

Insurance Unstructured Data Digital Transformation Cost-Benefit 72

Jedox

OCTOBER 8, 2020

It’s about the preparation for a range of possible outcomes, the likelihood of each outcome, and developing corresponding strategies to maximize the long-term benefit. Though only twelve years ago, it truly highlighted the difference between possibility and probability and the danger and impact of tail risk. That brings us to today.

Uncertainty 75

Uncertainty Cost-Benefit Unstructured Data Data-driven 75

erwin

JUNE 26, 2020

A data catalog uses metadata, data that describes or summarizes data, to create an informative and searchable inventory of all data assets in an organization. Why You Need a Data Catalog – Three Business Benefits of Data Catalogs. Managing a remote workforce creates new challenges and risks.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132

Smart Data Collective

FEBRUARY 2, 2021

Consumers are generating huge amounts of data at a rapid rate, and it is estimated that up to 90% of all data was generated only in the past two years. In general, Big Data can help businesses in all fields – it’s not something reserved for tech companies. The post What Are the Industries That Benefit Most from Big Data?

Big Data 85

Big Data Recreation/Entertainment Cost-Benefit Finance 85

Jedox

SEPTEMBER 11, 2019

There are many reasons why such technology isn’t available yet—insufficient data, unstructured data and some human knowledge that is not yet transferable to machine. Those algorithms analyze historical data (weekly sales, monthly electricity costs, etc.) This is not just risk mitigation.

Forecasting 59

Forecasting Experimentation Sales Unstructured Data 59

erwin

AUGUST 15, 2022

For NoSQL, data lakes, and data lake houses—data modeling of both structured and unstructured data is somewhat novel and thorny. This blog is an introduction to some advanced NoSQL and data lake database design techniques (while avoiding common pitfalls) is noteworthy. A sample data warehousing project.

Data Lake 52

Data Lake Modeling Unstructured Data Data Warehouse 52

Alation

FEBRUARY 13, 2020

At some level, every enterprise is struggling to connect data to decision-making. In The Forrester Wave: Machine Learning Data Catalogs, 36% to 38% of global data and analytics decision makers reported that their structured, semi-structured, and unstructured data each totaled 1,000 TB or more in 2017, up from only 10% to 14% in 2016.

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

Smart Data Collective

JUNE 7, 2019

What is Big Data? Big Data is defined as a large volume of structured and unstructured data that a business comes across their day-to-day operations. However, the amount of data isn’t really a big deal. What’s important is the way organizations handle this data for the benefit of their businesses.

Big Data 81

Big Data Marketing Cost-Benefit Unstructured Data 81

Cloudera

SEPTEMBER 7, 2018

Whether it’s a rogue trader in a bank or brokerage or someone illegally sharing company intellectual property or intelligence, illegal insider actions put enterprises at risk of losing millions. This could be in the form of reputational damage or unfavorable regulatory consequences in case of compromised customer data, for example.

Machine Learning 49

Machine Learning Risk Unstructured Data Cost-Benefit 49

Smart Data Collective

SEPTEMBER 26, 2019

Unstructured. Unstructured data lacks a specific format or structure. As a result, processing and analyzing unstructured data is super-difficult and time-consuming. Semi-structured data contains a mixture of both structured and unstructured data. Data Integration. Semi-structured.

Big Data 80

Big Data Software Unstructured Data Data Integration 80

Ontotext

MARCH 18, 2020

According to an article in Harvard Business Review , cross-industry studies show that, on average, big enterprises actively use less than half of their structured data and sometimes about 1% of their unstructured data. The platform enables simpler and faster graph navigation.

Enterprise 59

Enterprise B2B Unstructured Data Machine Learning 59

IBM Big Data Hub

AUGUST 28, 2023

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth. What is text mining?

Data mining 60

Data mining Machine Learning Deep Learning Marketing 60

Smart Data Collective

JUNE 3, 2019

In a previous article I shared some of the challenges, benefits and trends of Big Data in the telecommunications industry. Big Data’s promise of value in the financial services industry is particularly differentiating. This integration is even more important, but much more complex with Big Data. Equity Amount.

Big Data 73

Big Data Cost-Benefit Unstructured Data Risk 73

FineReport

APRIL 26, 2023

A company’s ability to collect and handle big data effectively is directly related to its growth rate, as big data offers numerous advantages that cannot be ignored. Market Insight : Analyzing big data can help businesses understand market demand and customer behavior. Another key benefit of FineReport is its flexibility.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52