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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. However, there are even more important benefits of using big data during a bad economy.

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Three Emerging Analytics Products Derived from Value-driven Data Innovation and Insights Discovery in the Enterprise

Rocket-Powered Data Science

I recently saw an informal online survey that asked users which types of data (tabular, text, images, or “other”) are being used in their organization’s analytics applications. The results showed that (among those surveyed) approximately 90% of enterprise analytics applications are being built on tabular data.

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Business Strategies for Deploying Disruptive Tech: Generative AI and ChatGPT

Rocket-Powered Data Science

While generative AI has been around for several years , the arrival of ChatGPT (a conversational AI tool for all business occasions, built and trained from large language models) has been like a brilliant torch brought into a dark room, illuminating many previously unseen opportunities. So what? (2)

Strategy 290
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Optimizing Risk and Exposure Management – Roundtable Highlights

Cloudera

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business. Now, risk management has become exponentially complicated in multiple dimensions. .

Risk 96
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IT spending projected to grow despite economic headwinds

CIO Business Intelligence

The 3% increase in total IT spending represents slower growth than in 2021, as the economy as a whole and the IT sector in particular began to recover from the effects of the pandemic, and growth will largely be driven by cloud services and the data center, Gartner said. Cloud Computing, Data Center, Technology Industry

IT 144
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CIO insights: What’s next for AI in the enterprise?

CIO Business Intelligence

A data-driven foundation Of course, a dose of caution is in order, particularly with newer AI offshoots such as generative AI. IT leaders understand that the models are only as good as the information on which they are educated. Organizations across all industries are moving forward with pilots and production. “AI

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Microsoft and Cognizant team up to boost enterprise Copilot adoption

CIO Business Intelligence

CIOs will need to focus on aligning AI-driven solutions with broader business strategies, ensuring seamless integration into existing processes while addressing potential challenges like data security and ethical AI use. Ensuring human oversight and rigorous quality checks can mitigate the risks associated with AI errors.”