Smart Data Collective

JULY 28, 2021

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. This wouldn’t be possible without massive advances in big data technology.

Data-driven 133

Data-driven Big Data Manufacturing ROI 133

Smart Data Collective

DECEMBER 15, 2021

They make up an aspect of marketing focused on using the internet and cloud-based technology to promote brands. But driving sales through the maximization of profit and minimization of cost is impossible without data analytics. Data analytics is the process of drawing inferences from datasets to understand the information they contain.

ROI 116

ROI Marketing Data Analytics Analytics 116

CIO Business Intelligence

MARCH 12, 2024

Others include preparation for zero-day attacks, almost anything having to do with data stewardship, as well as IT training and social engineering audits. With greater scrutiny on margins and ROI, CIOs must spend wisely, making today’s economic environment a more difficult one for selling preemptive projects that don’t produce immediate ROI.

ROI 122

ROI IT Manufacturing Metrics 122

Andrew White

DECEMBER 19, 2022

Despite the dearth of case studies and press stories telling of wonderous tools and technologies, economic growth has not materialized driven by increased productivity. There were other channels with better rates of return and lower risk. AI-driven Customer Experience. Data-driven or Analytics program.

ROI 52

ROI Cost-Benefit Strategy Data-driven 52

CIO Business Intelligence

MAY 9, 2024

To date, many of these positions are with technology vendors or at government entities in the wake of recent AI mandates. They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization.

Risk Management 138

Risk Management Risk Cost-Benefit Technology 138

Smart Data Collective

NOVEMBER 29, 2021

We have endlessly discussed the benefits of using big data to make the most out of your marketing strategies. Companies that neglect to use data analytics, AI and other forms of big data technology risk falling behind to their competitors. Data Technology Makes Email Marketing Automation Far More Feasible.

Data-driven 107

Data-driven Marketing Big Data Sales 107

CIO Business Intelligence

MAY 1, 2024

But getting from potential to profitability does not come without risks, such as assuming that your established processes for deploying mainstream enterprise IT infrastructure will work in the new era of complex AI superclusters. A solid technology infrastructure has always been essential. Yet, AI systems don’t operate the same way.

ROI 119

ROI Optimization Data-driven Enterprise 119

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 94

Technology Cost-Benefit ROI Strategy 94

Smart Data Collective

JANUARY 13, 2021

Big data is playing a very key role in the future of email communications. A growing number of companies are finding more innovative ways to use data technology to streamline communications and build more personalized relationships between various stakeholders. Big Data is Making Email Verification Much Easier.

Data-driven 93

Data-driven Big Data Cost-Benefit ROI 93

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. The second best time is now.”

Strategy 116

Strategy Management Key Performance Indicator ROI 116

Smarten

DECEMBER 20, 2022

Technology research firm, Gartner, states that, ‘80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance.’ Every business user is also a consumer of technology and every business user expects easy access to information on mobile devices.

ROI 52

ROI Cost-Benefit Data-driven Business Intelligence 52

IBM Big Data Hub

SEPTEMBER 6, 2023

From customized content creation to task automation and data analysis, AI has seemingly endless applications when it comes to marketing, but also some potential risks. Today, AI technologies are being used more widely than ever to generate content, improve customer experiences and deliver more accurate results.

Marketing 84

Marketing Technology Advertising ROI 84

CIO Business Intelligence

APRIL 24, 2024

The announcement comes amid reluctance among some CIOs regarding the ROI of generative AI copilots. It means they can now leverage AI technology to enhance operational efficiency, reduce manual work, and innovate at scale,” he said. Ensuring human oversight and rigorous quality checks can mitigate the risks associated with AI errors.”

Enterprise 128

Enterprise Digital Transformation Consulting Risk 128

Smart Data Collective

SEPTEMBER 4, 2020

Big data is becoming increasingly important in business decision-making. The market for data analytics applications and solutions is expected to reach $105 billion by 2027. However, big data technology is only a viable tool for business decision-making if it is utilized appropriately. Write Down Your Objectives.

Data-driven 86

Data-driven Big Data Metrics Strategy 86

datapine

MARCH 15, 2019

At present, 53% of businesses are in the process of adopting big data analytics as part of their core business strategy – and it’s no coincidence. To win on today’s information-rich digital battlefield, turning insight into action is a must, and online data analysis tools are the very vessel for doing so. What Is Data Intelligence?

Technology 143

Technology Cost-Benefit KPI Dashboards 143

Ontotext

APRIL 3, 2024

Joseph Hilger : People are starting to understand that knowledge graphs are not just a tool for storing data and information. I need something that defines what those entities are and can align them with the data.” The other use case where graphs are exploding is what Gartner calls a data fabric. What are your thoughts about it?

Technology 59

Technology Risk Digital Transformation Measurement 59

IBM Big Data Hub

JANUARY 15, 2024

Enterprises now recognize the importance of leveraging innovative technologies to drive digital transformation and achieve cost efficiency. However, a lack of precise top-level planning and a narrow focus on technology without integration with business needs led to significant investments with suboptimal results for many companies.

Digital Transformation 73

Digital Transformation Insurance Optimization ROI 73

CIO Business Intelligence

DECEMBER 8, 2022

While organizations know they need to mitigate environmental risks more effectively across the supply chain, often they struggle to translate that ambition into results. There is a clear company risk in not being sustainable, both to the planet and to the business. Data lives in silos across the IT and OT environment.

IoT 101

IoT ROI Cost-Benefit Risk 101

IBM Big Data Hub

OCTOBER 25, 2023

Here’s how CTOs and CIOs can evaluate their technology and data estates, assess the opportunity and chart a path forward. First, technology leaders need to estimate the full financial impact of modernization (versus the cost of not modernizing) across the organization.

Cost-Benefit 89

Cost-Benefit ROI Modeling Testing 89

CIO Business Intelligence

APRIL 29, 2024

Its “write once, run anywhere” philosophy has driven widespread adoption and established the platform as the backbone of enterprise applications. However, to truly take advantage of modern Java, apps built for the ecosystem must be constantly maintained to maximize performance and minimize exposure to risks and security vulnerabilities.

Cost-Benefit 122

Cost-Benefit Software ROI Enterprise 122

CIO Business Intelligence

FEBRUARY 7, 2024

But APIs do more than support next-generation technologies — they already serve a foundational purpose within most enterprises. As enablers for the integration of data and business services across platforms, APIs are very aligned with current tech trends,” says Antonio Vázquez, CIO of software company Bizagi.

Business Objectives 124

Business Objectives Cost-Benefit Strategy Data-driven 124

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Transitioning to Business Value . Obtaining more insight into hidden costs (e.g.,

Cost-Benefit 105

Cost-Benefit Business Objectives ROI Risk 105

Cloudera

AUGUST 30, 2022

Data-fuelled innovation requires a pragmatic strategy. This blog lays out some steps to help you incrementally advance efforts to be a more data-driven, customer-centric organization. For example, providers can start by including more real-time data streams that can enhance customer interactions.

Strategy 102

Strategy Data Strategy ROI Cost-Benefit 102

IBM Big Data Hub

NOVEMBER 6, 2023

By adopting these 4 best practices to invest in the right technology and leverage the most recent advances in generative AI , enterprises can unlock unique services for SMB customers. Data-driven personalization is essential in today’s business environment. Generative AI tools like IBM watsonx.ai

Cost-Benefit 109

Cost-Benefit Enterprise ROI Data Warehouse 109

Jet Global

FEBRUARY 18, 2020

Gary Melling is the President and CEO of Acquired Insights, a firm that designs customized AI applications and tech-driven strategic initiatives. We hear about companies becoming “data-driven.” What’s distinct about working with digital data compared to the insights of the past? Healthcare is another example.

Data-driven 64

Data-driven Machine Learning Cost-Benefit ROI 64

CIO Business Intelligence

DECEMBER 29, 2023

With the merging of operational efficiency and embracing new technologies, today’s CIOs are under increasing pressure to do more with less and become both technologists and business leaders, says Sunny Azadeh, CIO at digital services company GlobalLogic. “In

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

Smart Data Collective

JULY 11, 2022

We have talked about the benefits of using big data in the marketing profession in the past. CMOs Are Investing in the Benefits of Big Data. The market for marketing analytics technology is growing nearly 14% a year. Data analytics technology is very helpful for companies trying to optimize their social media marketing strategy.

Data Analytics 132

Data Analytics Analytics Advertising Big Data 132

CIO Business Intelligence

APRIL 13, 2023

Gartner projects that spending on information security and risk management products and services will grow 11.3% But despite those expenditures, there have already been at least 13 major data breaches, including at Apple, Meta and Twitter. to reach more than $188.3 billion this year.

IT 111

IT Cost-Benefit Risk Consulting 111

IBM Big Data Hub

JUNE 23, 2023

Though it may feel futuristic, advancements such as generative AI and conversational AI technology can benefit Finance & Accounting (F&A) now. AI technology enables finance professionals to focus on higher-value activities, such as strategic planning and analysis, instead of manual and transactional activities.

Finance 60

Finance Consulting Data-driven Risk 60

CIO Business Intelligence

NOVEMBER 9, 2023

As countless organizations race to investigate or adopt artificial intelligence technologies, many are building out an AI skilled workforce. They should be a champion for smart AI adoption, and be able to recognize and balance AI benefits with risks. This approach isn’t just about technological novelty.

IT 131

IT Strategy Reporting Visualization 131

CIO Business Intelligence

SEPTEMBER 11, 2023

Digital technology is infiltrating our business in ways we never thought of ourselves,’’ he says. So it is imperative the C-suite have digital literacy” not only to protect and enhance the customer value proposition but to understand new technologies and how they can be applied in their business. Rizwan, CIO of Z2C Ltd.,

Digital Transformation 135

Digital Transformation ROI Strategy Technology 135

IBM Big Data Hub

DECEMBER 16, 2022

Today’s data leaders are expected to make organizations run more efficiently, improve business value, and foster innovation. Their role has expanded from providing business intelligence to management, to ensuring high-quality data is accessible and useful across the enterprise. Building the foundation: data architecture.

Enterprise 52

Enterprise Data Architecture Data-driven ROI 52

datapine

APRIL 21, 2022

For instance, when it comes to Human Resources, a digital transformation entails streamlining operations and digitizing personnel data. An accounting department may consider leveraging electronic contracts, data collecting, and reporting as a part of the digital transition. Approach To Digital Marketing.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

CIO Business Intelligence

MAY 2, 2023

Generative artificial intelligence (GenAI) tools such as Azure OpenAI have been drawing attention in recent months, and there is widespread consensus that these technologies can significantly transform the retail industry. James Caton : We’re already seeing a lot of data-driven innovation in the industry.

Cost-Benefit 98

Cost-Benefit Sales Visualization ROI 98

3AG Systems

APRIL 3, 2023

The manufacturing sector is changing rapidly, fueled by the demand for real-time data, shop floor predictability, and data-driven decision-making. Digital Twins: Powering the Technological Revolution Digital twins, real-time digital replicas of physical assets, are at the heart of this transformation. By continuously.

Manufacturing 40

Manufacturing ROI Data-driven Optimization 40

Smart Data Collective

MARCH 1, 2022

AI technology is changing many aspects of modern business. More companies are using AI technology to automate their social media marketing strategies. We previously mentioned the benefits of using data analytics to make the most of social media marketing. This will help you boost the ROI of your digital marketing efforts. ?Twitter’s

Marketing 121

Marketing Data-driven Cost-Benefit ROI 121

CIO Business Intelligence

JUNE 21, 2023

Not since the iPhone have we witnessed a technology change the course of human behavior and the imagination of people everywhere practically overnight. The study’s data shows that as automation eliminates repetitive tasks, the pendulum will swing toward the distinctly human skills of communication, creativity, and analytical thinking.

Modeling 105

Modeling Cost-Benefit ROI Digital Transformation 105