article thumbnail

Data-driven competitive advantage in the financial services industry

Cloudera

The same study also stated that having stronger online data security, being able to conduct more banking transactions online and having more real-time problem resolution were the top priorities of consumers. . Financial institutions need a data management platform that can keep pace with their digital transformation efforts.

article thumbnail

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. Outrageously inaccurate ChatGPT musings are just an opener for what could later be catastrophic mistakes predicated on bad data.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

The Superpowers of Ontotext’s Relation and Event Detector

Ontotext

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. RED answers key questions such as: “What happened?”, “Who was involved?”,

article thumbnail

What is Integrated Business Planning (IBP)?

IBM Big Data Hub

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. Data integration and analytics IBP relies on the integration of data from different sources and systems.

article thumbnail

7 steps for turning shadow IT into a competitive edge

CIO Business Intelligence

After all, 41% of employees acquire, modify, or create technology outside of IT’s visibility , and 52% of respondents to EY’s Global Third-Party Risk Management Survey had an outage — and 38% reported a data breach — caused by third parties over the past two years.

IT 134
article thumbnail

Best BI Tools Examples for 2024: Business Intelligence Software

FineReport

Evolving BI Tools in 2024 Significance of Business Intelligence In 2024, the role of business intelligence software tools is more crucial than ever, with businesses increasingly relying on data analysis for informed decision-making.

article thumbnail

AI Technology is Invaluable for Cybersecurity

Smart Data Collective

Cybersecurity is the practice of taking precautions to protect data privacy, security, and reliability from being compromised online. Specialists in cybersecurity help in taking appropriate precautions to secure sensitive data and individual privacy in the modern digital environment. What do cybersecurity specialists do?