Smart Data Collective

JUNE 19, 2019

The Relationship between Big Data and Risk Management. Big data calls for complex processing, handling, and storage system, which may include elements such as human beings, computers, and the internet. Tips for Improving Risk Management When Handling Big Data. Risk Management Applications for Analyzing Big Data.

Risk Management 70

Risk Management Risk Management Big Data 70

Cloudera

SEPTEMBER 11, 2020

The ongoing disruption to critical supply chains in both the manufacturing and retail space has seen businesses having to respond quickly, turning to data, analytics, and new technologies to better predict and manage ‘real-time’ business disruptions. . Supply-side. Automation opportunities.

Manufacturing 90

Manufacturing Forecasting Digital Transformation Sales 90

Jet Global

MARCH 6, 2020

The industrial manufacturing industry produces unprecedented amounts of data, which is increasing at an exponential rate. Worldwide data is expected to hit 175 zettabytes (ZB) ?by by 2025, and 90 ZB of this data will be from IoT devices. Or reporting across multiple manufacturing units? .

Manufacturing 75

Manufacturing Data-driven Finance KPI 75

Jet Global

JUNE 18, 2019

Over the past few years, we’ve already seen transformation on a massive scale thanks to how businesses are harnessing and utilizing the new wealth of data available to them. Big Business Needs Big Data. What is Big Data Analytics Software? Manufacturing. Let’s look at some of the ways: Healthcare.

Big Data 75

Big Data Software Data Analytics Analytics 75

CIO Business Intelligence

MARCH 18, 2024

How technology is used for social sustainability Governance and ethical practices: Data security and privacy technologies are critical for good governance, particularly in our digital-first world where cybersecurity risks are on the rise.

Manufacturing 115

Manufacturing Forecasting Technology Software 115

Jet Global

OCTOBER 3, 2019

Over the past few years, we’ve already seen transformation on a massive scale thanks to how businesses are harnessing and utilizing the new wealth of data available to them. Big Business Needs Big Data. What is Big Data Analytics Software? Manufacturing. Let’s look at some of the ways: Healthcare.

Big Data 53

Big Data Software Data Analytics Analytics 53

CIO Business Intelligence

JANUARY 23, 2024

Efficiency metrics might show the impacts of automation and data-driven decision-making. For example, manufacturers should capture how predictive maintenance tied to IoT and machine learning saves money and reduces outages. As a result, outcome-based metrics should be your guide.

Measurement 135

Measurement Digital Transformation KPI Metrics 135

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. Financial services: Develop credit risk models.

Predictive Analytics 143

Predictive Analytics Analytics Predictive Modeling Forecasting 143

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Such analysis and decision-making are often optimized with the help of various technologies, including artificial intelligence tools and data analytics platforms.

Cost-Benefit 82

Cost-Benefit Scorecard Risk Recreation/Entertainment 82

BizAcuity

MARCH 31, 2022

Combined, it has come to a point where data analytics is your safety net first, and business driver second. 85% of AI (marketing) projects fail due to risk, confusion, and lack of upskilling among marketing teams.(Source: AI Adoption and Data Strategy. Uncertain economic conditions. Intense competition at every level.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

IBM Big Data Hub

JUNE 20, 2023

According to Warranty Week , claims totaling 46 billion USD were paid by the global automotive Original Equipment Manufacturers in 2021. But it also leads to a higher risk for new, unknown quality issues, and therefore potential warranty topics. Opportunities with data-driven digital twins Much has happened in engineering (e.g.,

Manufacturing 88

Manufacturing Data-driven Internet of Things Sales 88

Smart Data Collective

SEPTEMBER 20, 2023

Let’s explore how IoT and Cloud Integration work hand in hand to power the future: Of course, there are a lot of risks associated with cloud computing. Endless Scalability: Cloud’s Biggest Offering To IoT IoT devices produce an enormous amount of data every second.

IoT 118

IoT Internet of Things Cost-Benefit Manufacturing 118

IBM Big Data Hub

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Healthcare: Support telemedicine and patient data analytics, requiring stringent compliance regulations.

Manufacturing 75

Manufacturing Business Objectives Optimization Risk Management 75

CIO Business Intelligence

APRIL 5, 2022

Enterprises face multiple risks throughout their supply chains, Deloitte says, including shortened product life cycles and rapidly changing consumer preferences; increasing volatility and availability of resources; heightened regulatory enforcement and noncompliance penalties; and shifting economic landscapes with significant supplier consolidation.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

FineReport

APRIL 26, 2023

With the right Big Data Tools and techniques, organizations can leverage Big Data to gain valuable insights that can inform business decisions and drive growth. What is Big Data? What is Big Data? It is an ever-expanding collection of diverse and complex data that is growing exponentially.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Smart Data Collective

JULY 28, 2021

The supply-chain analytics market is projected to be worth over $16.8 This is largely due to the benefits of using data analytics to improve automation in merchandise distribution. As a retailer or manufacturer selling via e-commerce platforms, you already know the importance of using big data to improve automation.

Data-driven 133

Data-driven Big Data Manufacturing ROI 133

Smart Data Collective

NOVEMBER 9, 2021

The average consumer is unaware of the phenomenal benefits that big data provides. One of the biggest benefits of big data is that it can help improve driver safety. Data analytics technology is becoming more useful when it comes to stopping traffic accidents. Big Data is the Key to Addressing Driver Safety Risks.

Big Data 131

Big Data Manufacturing Risk Insurance 131

Cloudera

FEBRUARY 3, 2021

COVID-19 vaccines from various manufacturers are being approved by more countries, but that doesn’t mean that they will be available at your local pharmacy or mass vaccination centers anytime soon. The COVID-19 vaccine distribution is one of the most challenging manufacturing and supply chain issues facing the world right now.

Manufacturing 105

Manufacturing Forecasting Internet of Things Risk 105

CIO Business Intelligence

NOVEMBER 20, 2023

“If you look at the advances we have seen in AI, with the large amounts of data that large language models can process, we can safely hand off various decisions to machines,” says Prasad Ramakrishnan, CIO & SVP of IT at Freshworks. Here’s a look at a few areas where it’s gaining influence.

Sales 129

Sales Cost-Benefit Manufacturing Forecasting 129

Smart Data Collective

AUGUST 22, 2021

Data analytics has been very important for the FDA. They have used big data in many of their regulatory approaches. Big data has been instrumental in the software development process. The FDA has used data analytics technology to streamline their process and drastically reduce the risk of missing anything pertinent.

Data-driven 130

Data-driven Software Manufacturing Big Data 130

Jet Global

MARCH 20, 2023

Providing a direct connection to key data sources, Angles Professional brings real-time access to source data, lowering implementation risk and eliminating the need for technical expertise.

Operational Reporting 52

Operational Reporting Reporting Uncertainty Finance 52

Smart Data Collective

AUGUST 11, 2021

Big data has become fundamentally important to the future of cybersecurity. A growing number of companies using data analytics, artificial intelligence and other forms of big data technology to bolster their defenses against cyberattacks. Moreover, a data breach leads to financial loss for the medical facilities too.

Data-driven 130

Data-driven Big Data Manufacturing Software 130

Smart Data Collective

MARCH 19, 2023

These orders are sent to the actual Manufacturer by dropshipper. The Manufacturer can execute the packing and delivery and minimize the list of dropshipper’s tasks. Predictive analytics can help you choose the right manufacturer, wholesaler and sales partners. Find a Manufacturer/Wholesaler/ Seller (Supplier).

Predictive Analytics 128

Predictive Analytics Analytics Manufacturing Advertising 128

CIO Business Intelligence

AUGUST 24, 2022

To improve the safety of its asphalt operations, US-based Owens Corning has put data analytics to work, leveraging low-code tools to develop a digital platform that incorporates multiple data flows and enables previously plant-specific information to be shared and coordinated across the company’s operations.

Manufacturing 94

Manufacturing Risk Digital Transformation Data-driven 94

Smart Data Collective

APRIL 24, 2019

Manufacturing is a more powerful and essential part of our industries and economies than ever. But setting these vital enterprises up for maximum success and unrivaled innovation takes information — and that means gathering data. Who’s Using Analytics in Manufacturing? Monitoring Assets for Performance.

Analytics 98

Analytics Manufacturing Cost-Benefit Internet of Things 98

IBM Big Data Hub

JUNE 14, 2023

Smart manufacturing (SM)—the use of advanced, highly integrated technologies in manufacturing processes—is revolutionizing how companies operate. Smart manufacturing, as part of the digital transformation of Industry 4.0 , deploys a combination of emerging technologies and diagnostic tools (e.g.,

Manufacturing 75

Manufacturing Technology Internet of Things Cost-Benefit 75

Laminar Security

DECEMBER 13, 2023

Close to 70% of respondents in an ISC report indicated that they believe their organization lacks requisite cybersecurity staff to handle cloud data risk effectively. Learn in this article how Laminar harnesses AI for data discovery and classification and reduces public cloud data risks.

Data-driven 119

Data-driven Machine Learning Risk Deep Learning 119

CIO Business Intelligence

APRIL 11, 2023

Over the next five years, the healthcare industry is expected to go through dramatic changes as service providers expand value-based care models and equipment manufacturers strive to keep pace in a digital-first world. Does this create any pressures on you and your IT organization to complete projects more quickly and with less risk involved?

Modeling 98

Modeling IT Strategy Uncertainty 98

Smart Data Collective

MARCH 27, 2020

From raw materials to manufacturing to distribution, each step requires the most secure transition possible. Sometimes, though, the supply chain can come with various risks that affect these stages. For example, manufacturing supervisors might not know from where their suppliers are getting their raw materials.

Manufacturing 97

Manufacturing Optimization Risk Big Data 97

Smart Data Collective

SEPTEMBER 13, 2019

Once a model is established, the operation can use real-time data to predict when the machine will see a breakdown. With the ability to perceive a future event, the manufacturing line can appropriately plan a response. And with software tools, the data from the assets can be fed directly into the CMMS or used to automate work orders.

Big Data 89

Big Data Manufacturing Cost-Benefit Optimization 89

CIO Business Intelligence

JUNE 30, 2023

All of this renewed attention on data and AI, however, brings greater potential risks for those companies that have less advanced data strategies. As these trends continue to evolve, building your data strategy around the principles of openness and governance assures trust in the data.

Internet of Things 88

Internet of Things Strategy Data Strategy Risk 88

CIO Business Intelligence

FEBRUARY 3, 2023

More recently, The Royal Mint has evolved its business model in the face of declining cash usage, from its core business of coins and metal manufacturing through to bullion trading, a new consumer business and jewellery line, as well as tentative steps into digital gold and recycling e-waste.

IT 52

IT Experimentation Scorecard Digital Transformation 52

CIO Business Intelligence

AUGUST 31, 2023

Initially drawn to medicine, Doniz found that in IT, starting with a 17-year stint working her way up the technology ranks at Procter & Gamble before becoming group CIO of Qantas Airways and later joining Boeing, where she currently serves as CIO, data analytics officer, and senior vice president of IT and data analytics.

Technology 105

Technology Data-driven Manufacturing Data Analytics 105

Rocket-Powered Data Science

OCTOBER 6, 2023

Here are a few business examples of this type of prescriptive analytics: Which marketing campaign is most efficient and effective (has best ROI) in optimizing sales? Which environmental factors during manufacturing, packaging, or shipping lead to reduced product returns? Which pricing strategies lead to the best business revenue?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

datapine

APRIL 14, 2022

When you think of big data, you usually think of applications related to banking, healthcare analytics , or manufacturing. After all, these are some pretty massive industries with many examples of big data analytics, and the rise of business intelligence software is answering what data management needs.

Big Data 244

Big Data Recreation/Entertainment Analytics Data-driven 244

CIO Business Intelligence

OCTOBER 1, 2022

This exercise will surface high-risk areas of the supply chain such as the auto industry’s overdependence on a few semiconductor factories in Taiwan, or the global pharmaceutical sectors’ reliance on Chinese supplies for foundational life science ingredients.

Cost-Benefit 109

Cost-Benefit Manufacturing Forecasting Metrics 109

IBM Big Data Hub

FEBRUARY 14, 2024

Automotive With applications of AI, automotive manufacturers are able to more effectively predict and adjust production to respond to changes in supply and demand. They can streamline workflows to increase efficiency and reduce time-consuming tasks and the risk of error in production, support, procurement and other areas.

Cost-Benefit 86

Cost-Benefit Insurance Unstructured Data Machine Learning 86