article thumbnail

The Foundations of a Modern Data-Driven Organisation: Change from Within (part 2 of 2)

Cloudera

By using Cloudera’s big data platform to harness IoT data in real-time to drive predictive maintenance and improve operational efficiency, the company has realized about US$25 million annually in new profit resulting from better efficiency of working sites. . Data enables Innovation & Agility. Risk Management.

article thumbnail

How to use DSPM to reduce cloud storage costs: a guide on how to identify and delete redundant, obsolete, or trivial data in cloud environments using DSPM tools

Laminar Security

Implementing DSPM for cost reduction Effective implementation of Data security posture management (DSPM) can drive significant cost reductions in cloud storage by addressing three critical areas: risk management, access governance, and compliance.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Commercial Lines Insurance- the End of the Line for All Data

Cloudera

In reality, we are way ahead in the use of data (possibly hundreds of years ahead!), but behind in our use of tools and technology to manage the data optimally to get the most value out of it. The amount, diversity, accuracy and timeliness of data is enormously better than in the early days of Lloyds.

article thumbnail

Back to the Financial Regulatory Future

Cloudera

From stringent data protection measures to complex risk management protocols, institutions must not only adapt to regulatory shifts but also proactively anticipate emerging requirements, as well as predict negative outcomes.

article thumbnail

Business process management (BPM) examples

IBM Big Data Hub

And while enterprise resource planning (ERP) integrates and manages all aspects of a business, BPM focuses on its individual functions—optimizing the organization’s existing, repeatable processes end-to-end. This enables proactive decision-making, ensures consistency and improves operational efficiency.

article thumbnail

The Power of Ontologies and Knowledge Graphs: Practical Examples from the Financial Industry

Ontotext

Content and Knowledge Management Another benefit of ontologies is that they provide a structured framework for organizing, maintaining and using financial domain knowledge. This makes it easier to manage and update information as the industry changes. Do you want to benefit from an ontology-powered Financial Services knowledge graph?

article thumbnail

How data from IoT devices is changing supply chain analytics

CIO Business Intelligence

A McKinsey study on the impact of this extended disruption found something very interesting: while 75% of companies surveyed faced problems with their supplier base, production and distribution, 85% said they struggled with “insufficient digital technologies” in the supply chain. The more data you have, the more costs you save.

IoT 105