CIO Business Intelligence

SEPTEMBER 7, 2023

First, there is the need to properly handle the critical data that fuels defense decisions and enables data-driven generative AI. Organizations need novel storage capabilities to handle the massive, real-time, unstructured data required to build, train and use generative AI.

Unstructured Data 119

Unstructured Data Cost-Benefit Risk Data-driven 119

IBM Big Data Hub

APRIL 16, 2024

As technology expands, at TechD , we know that the quality of generative AI (gen AI) depends on accurate data sourcing. A reliable and trustworthy data source is essential for sharing information across departments. This addresses data management, conversational interface and natural language processing needs with efficiency.

Unstructured Data 86

Unstructured Data Data-driven Enterprise Technology 86

DataKitchen

FEBRUARY 27, 2024

Your LLM Needs a Data Journey: A Comprehensive Guide for Data Engineers The rise of Large Language Models (LLMs) such as GPT-4 marks a transformative era in artificial intelligence, heralding new possibilities and challenges in equal measure. Embedding: The retrieved data is encoded into embeddings that the LLM can interpret.

Data Quality 117

Data Quality Unstructured Data Testing Modeling 117

CIO Business Intelligence

MAY 9, 2024

In today’s data-driven world, the ability to seamlessly integrate structured and unstructured data in a hybrid cloud environment is critical for organizations seeking to harness the full potential of their data assets.

Digital Transformation 52

Digital Transformation Data Integration Unstructured Data Data-driven 52

IBM Big Data Hub

DECEMBER 5, 2023

Generative AI excels at handling diverse data sources such as emails, images, videos, audio files and social media content. This unstructured data forms the backbone for creating models and the ongoing training of generative AI, so it can stay effective over time. trillion in that year.

Unstructured Data 95

Unstructured Data Cost-Benefit Experimentation Machine Learning 95

Smart Data Collective

APRIL 5, 2021

With individuals and their devices constantly connected to the internet, user data flow is changing how companies interact with their customers. 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 107

Big Data IT Data-driven Sales 107

IBM Big Data Hub

OCTOBER 12, 2022

If you play fantasy football, you are no stranger to the concept of data-driven decision making. To identify and distill the insights locked inside this sea of “unstructured” data, ESPN collaborated with IBM to teach Watson the language of football. But numbers only tell half the story. Not anymore.

Unstructured Data 85

Unstructured Data Consulting Statistics Data-driven 85

CIO Business Intelligence

DECEMBER 4, 2023

Although less complex than the “4 Vs” of big data (velocity, veracity, volume, and variety), orienting to the variety and volume of a challenging puzzle is similar to what CIOs face with information management. Operationalizing data to drive revenue CIOs report that their roles are rising in importance and impact. What’s changed?

Unstructured Data 52

Unstructured Data Data Lake Metadata Business Objectives 52

IBM Big Data Hub

MAY 14, 2024

Through new approaches to financial management that incorporate generative AI , this advanced technology can help CFOs make more informed, data-driven decisions for their organization that can have major financial implications. The IBM report found that, on average, AI adopters attribute 40% of finance function FTE redeployment to AI.

Finance 74

Finance Cost-Benefit Reporting Forecasting 74

CIO Business Intelligence

JUNE 21, 2022

Governance should be designed with adaptability in mind to ensure IT remains in alignment with business objectives, continually providing value while effectively safeguarding the organization against potential risks, Bales says. Poor risk planning. Insufficient operational visibility.

IT 116

IT Risk Measurement Risk Management 116

IBM Big Data Hub

OCTOBER 30, 2023

In today’s digital age where data stands as a prized asset, generative AI serves as the transformative tool to mine its potential. Businesses globally recognize the power of generative AI and are eager to harness data and AI for unmatched growth, sustainable operations, streamlining and pioneering innovation.

Insurance 84

Insurance Data Warehouse Data-driven Unstructured Data 84

IBM Big Data Hub

OCTOBER 3, 2023

If you play fantasy football, you are no stranger to data-driven decision-making. And this year, ESPN Fantasy Football is using AI models built with watsonx to provide 11 million fantasy managers with a data-rich, AI-infused experience that transcends traditional statistics. But numbers only tell half the story. Not anymore.

Modeling 95

Modeling Statistics Consulting Unstructured Data 95

Cloudera

OCTOBER 26, 2020

Just like when it comes to data access in business. Enabling data access for end-users so they can drive insight and business value is a typical area of compromise between IT and users. Data access can either be very secure but restrictive or very open yet risky. Quickly onboard data. Multi-tenant data access.

IT 116

IT Unstructured Data Data-driven Data Governance 116

Cloudera

OCTOBER 28, 2021

I’ve had the pleasure to participate in a few Commercial Lines insurance industry events recently and as a prior Commercial Lines insurer myself, I am thrilled with the progress the industry is making using data and analytics. Commercial Lines truly is an “uber industry” with respect to data. A Long, Long Time Ago.

Insurance 94

Insurance Risk Unstructured Data Data-driven 94

CIO Business Intelligence

OCTOBER 3, 2023

They enable greater efficiency and accuracy and error reduction, better decision making, better compliance and risk management, process optimisation and greater agility. Intelligent document processing: uses artificial intelligence and machine learning techniques to automate the processing of documents and unstructured data.

Cost-Benefit 122

Cost-Benefit Machine Learning Interactive Software 122

CIO Business Intelligence

JUNE 28, 2023

These circumstances have induced uncertainty across our entire business value chain,” says Venkat Gopalan, chief digital, data and technology officer, Belcorp. “As The R&D laboratories produced large volumes of unstructured data, which were stored in various formats, making it difficult to access and trace.

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

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. Flexibility.

Cost-Benefit 65

Cost-Benefit Digital Transformation Data Governance Unstructured Data 65

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Cost-Benefit 87

Cost-Benefit Insurance Unstructured Data Machine Learning 87

erwin

JANUARY 9, 2020

Enterprises are trying to manage data chaos. 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. GDPR: Key Differences.

Data Governance 144

Data Governance Modeling Metadata Unstructured Data 144

CIO Business Intelligence

MARCH 7, 2023

Ready for the right applications Generative AI is ready for use in coding, administrative workflows, data refinement, and simple use cases such as pre-filling forms, says Oliver Wittmaier, CIO and product owner at DB SYSTEL GmbH, the wholly owned subsidiary of DB AG and digital partner for all group companies.

Enterprise 116

Enterprise IT Experimentation Unstructured Data 116

Smart Data Collective

NOVEMBER 25, 2019

More and more often, businesses are using data to drive their decisions — which makes cutting-edge analytics and business intelligence strategies one of the best advantages a company can have. New Avenues of Data Discovery. These new avenues of data discovery will give business intelligence analysts more data sources than ever before.

Business Intelligence 101

Business Intelligence Predictive Analytics Data Collection Internet of Things 101

DataRobot

NOVEMBER 2, 2021

RPA alone does not account for the decision process and often operates on the back of unstructured data. This addition greatly reduces the need for humans to waste time on mundane tasks like gathering and sorting data and frees up their time to do more strategic, mission critical work and address constituent needs. The problem?

Unstructured Data 52

Unstructured Data Digital Transformation Data-driven Data Collection 52

Ontotext

NOVEMBER 2, 2023

Achieving this advantage is dependent on their ability to capture, connect, integrate, and convert data into insight for business decisions and processes. This is the goal of a “data-driven” organization. We call this the “ Bad Data Tax ”. This is partly because integrating and moving data is not the only problem.

IT 69

IT Cost-Benefit Data-driven Technology 69

Sisense

OCTOBER 6, 2020

Digging into quantitative data Why is quantitative data important What are the problems with quantitative data Exploring qualitative data Qualitative data benefits Getting the most from qualitative data Better together. Almost every modern organization is now a data-generating machine. or “how often?”

Statistics 98

Statistics Unstructured Data Data-driven Visualization 98

erwin

JUNE 26, 2020

If you’re serious about a data-driven strategy , you’re going to need a data catalog. Organizations need a data catalog because it enables them to create a seamless way for employees to access and consume data and business assets in an organized manner. Three Types of Metadata in a Data Catalog.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132

IBM Big Data Hub

DECEMBER 16, 2022

An enterprise data catalog does all that a library inventory system does – namely streamlining data discovery and access across data sources – and a lot more. For example, data catalogs have evolved to deliver governance capabilities like managing data quality and data privacy and compliance.

Metadata 52

Metadata Data Quality Data-driven Data Governance 52

Cloudera

SEPTEMBER 15, 2022

Cloudera Contributor: Mark Ramsey, PhD ~ Globally Recognized Chief Data Officer. July brings summer vacations, holiday gatherings, and for the first time in two years, the return of the Massachusetts Institute of Technology (MIT) Chief Data Officer symposium as an in-person event. Luke: What is a modern data platform?

Data Lake 79

Data Lake Data Architecture Data-driven Data Warehouse 79

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

Jedox

OCTOBER 8, 2020

Though only twelve years ago, it truly highlighted the difference between possibility and probability and the danger and impact of tail risk. Given the incredible advances that cloud-based technologies have provided us with, we have never been in a stronger position to leverage the enormous amounts of data we currently have access to.

Uncertainty 75

Uncertainty Cost-Benefit Unstructured Data Data-driven 75

bridgei2i

OCTOBER 7, 2020

The unprecedented circumstances surrounding pandemic have increased awareness around insurable risks across different financial losses that can be covered as everyone in the world have faced financial losses like unemployment, travel cancellation, health issues, business interruptions, etc. Various stages in Sales & Underwriting: Sales.

Insurance 52

Insurance Sales Strategy Digital Transformation 52

Sisense

JANUARY 22, 2021

For example, one fintech problem requiring actionable insights today is credit risk assessment. That advice is a quintessential actionable insight: The algorithm models the applicant’s probability of success by training on a mountain of historical data and market factors. Actionable insights: The core of business intelligence.

Machine Learning 52

Machine Learning Unstructured Data Forecasting Advertising 52

IBM Big Data Hub

JULY 6, 2023

While data science and machine learning are related, they are very different fields. In a nutshell, data science brings structure to big data while machine learning focuses on learning from the data itself. What is data science? One challenge in applying data science is to identify pertinent business issues.

Machine Learning 58

Machine Learning Data Science Statistics Deep Learning 58

Alation

SEPTEMBER 9, 2021

Banks collect and manage a lot of sensitive data. And, the data collection doesn’t stop there — rich insights like transactions and purchasing information help to round out customer profiles. Data is both the enabler and the competitive advantage behind these experiences.” — Satyen Sangani, CEO and co-founder, Alation.

Data Governance 52

Data Governance Data Strategy Strategy Risk 52

FineReport

APRIL 26, 2023

As the world becomes increasingly digitized, the amount of data being generated on a daily basis is growing at an unprecedented rate. This has led to the emergence of the field of Big Data, which refers to the collection, processing, and analysis of vast amounts of data. What is Big Data? What is Big Data?

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Ontotext

FEBRUARY 26, 2024

This is part of Ontotext’s AI-in-Action initiative aimed at enabling data scientists and engineers to benefit from the AI capabilities of our products. The answers to these foundational questions help you uncover opportunities and detect risks. Why do risk and opportunity events matter?

Data-driven 59

Data-driven Risk Modeling Risk Management 59

IBM Big Data Hub

DECEMBER 1, 2023

IBM’s work with insurance clients, along with studies by IBM’s Institute of Business Value (IBV), show that insurer management decisions are driven by digital orchestration, core productivity and the need for flexible infrastructure. It also helps improve underwriting decisions, reduce fraud and control costs.

Insurance 105

Insurance Digital Transformation Unstructured Data Risk 105

Smart Data Collective

FEBRUARY 3, 2021

Big data is changing the nature of the financial industry in countless ways. The market for data analytics in the banking industry alone is expected to be worth $5.4 However, the impact of big data on the stock market is likely to be even greater. What Impact Is Big Data Having Towards Investing? billion by 2026.

Big Data 139

Big Data Marketing Data Analytics Analytics 139