article thumbnail

8 data strategy mistakes to avoid

CIO Business Intelligence

Building a successful data strategy at scale goes beyond collecting and analyzing data,” says Ryan Swann, chief data analytics officer at financial services firm Vanguard. Overlooking these data resources is a big mistake. What are the goals for leveraging unstructured data?”

article thumbnail

Accelerating Insight and Uptime: Predictive Maintenance

Cloudera

In fact, McKinsey points to a 50% reduction in downtime and a 40% reduction in maintenance costs when using IoT and data analytics to predict and prevent breakdowns. Navistar relies on predictive maintenance, which leverages IoT and data analytics to predict and prevent breakdowns of commercial trucks and school buses. “We

IoT 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Architectural patterns for real-time analytics using Amazon Kinesis Data Streams, part 1

AWS Big Data

This is the first post to a blog series that offers common architectural patterns in building real-time data streaming infrastructures using Kinesis Data Streams for a wide range of use cases. In this post, we will review the common architectural patterns of two use cases: Time Series Data Analysis and Event Driven Microservices.

Analytics 115
article thumbnail

Prioritizing Data: Why a Solid Data Management Strategy Will Be Critical in 2024

Ontotext

LLMs can optimize several tasks, such as updating taxonomies, classifying entities, and extracting new properties and relationships from unstructured data. As innovative and emerging technologies such as digital twins, IoT, AI, and ML gain further mind share, managing data will become even more important.

article thumbnail

Transforming Big Data into Actionable Intelligence

Sisense

However, when investigating big data from the perspective of computer science research, we happily discover much clearer use of this cluster of confusing concepts. As we move from right to left in the diagram, from big data to BI, we notice that unstructured data transforms into structured data.

article thumbnail

New Software Development Initiatives Lead To Second Stage Of Big Data

Smart Data Collective

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. Semi-structured. Improving Efficiency.

article thumbnail

Understanding Social And Collaborative Business Intelligence

datapine

Interesting Read: THE DIFFERENT STAGES IN DATA ANALYTICS, AND WHERE DO YOU FIT IT IN AI AND ML ACTIVITIES? Collaborative software helps in institutionalizing structured as well as unstructured data to facilitate the sharing of insights, thoughts, information, and practices. EXPERT OPINION]. Author Bio: .