CIO Business Intelligence

APRIL 16, 2024

With the emergence of GenAI capabilities, fast-tracking digital transformation deployments are likely to change manufacturing as we know it, creating an expanding chasm of leaders versus followers, the latter of which will risk obsolescence. However, despite the benefits of GenAI, there are some areas of risk. Data quality dependence.

Manufacturing 139

Manufacturing Digital Transformation Risk Dashboards 139

DataKitchen

FEBRUARY 27, 2024

However, the foundation of their success rests not just on sophisticated algorithms or computational power but on the quality and integrity of the data they are trained on and interact with. The Role of Data Journeys in RAG The underlying data must be meticulously managed throughout its journey for RAG to function optimally.

Data Quality 117

Data Quality Unstructured Data Testing Modeling 117

CIO Business Intelligence

APRIL 1, 2024

Deloitte 2 meanwhile found that 41% of business and technology leaders said a lack of talent, governance, and risks are barriers to broader GenAI adoption. Data preparation, including anonymizing, labeling, and normalizing data across sources, is key. Low-cost proof-of-concepts can help you reduce the risk of overprovisioning.

Data Lake 125

Data Lake Consulting Uncertainty Risk 125

DataKitchen

AUGUST 8, 2023

On 20 July 2023, Gartner released the article “ Innovation Insight: Data Observability Enables Proactive Data Quality ” by Melody Chien. It alerts data and analytics leaders to issues with their data before they multiply. It alerts data and analytics leaders to issues with their data before they multiply.

Data Quality 130

Data Quality Testing Snapshot Reporting 130

Smart Data Collective

JUNE 19, 2019

The Relationship between Big Data and Risk Management. Big data calls for complex processing, handling, and storage system, which may include elements such as human beings, computers, and the internet. Tips for Improving Risk Management When Handling Big Data. Risk Management Applications for Analyzing Big Data.

Risk Management 70

Risk Management Risk Management Big Data 70

Alation

SEPTEMBER 7, 2021

In this blog we will discuss how Alation helps minimize risk with active data governance. Now that you have empowered data scientists and analysts to access the Snowflake Data Cloud and speed their modeling and analysis, you need to bolster the effectiveness of your governance models. Find Trusted Data.

Data Governance 59

Data Governance Risk Data Quality Dashboards 59

DataKitchen

SEPTEMBER 21, 2023

L1 is usually the raw, unprocessed data ingested directly from various sources; L2 is an intermediate layer featuring data that has undergone some form of transformation or cleaning; and L3 contains highly processed, optimized, and typically ready for analytics and decision-making processes. What is Data in Use?

Testing 169

Testing Data Quality Predictive Modeling Metrics 169

Octopai

MAY 15, 2023

Here are some common cost areas where data lineage can be beneficial: Infrastructure and storage costs: Data lineage allows organizations to understand data usage patterns, access frequencies, and data dependencies. Data quality costs: Poor data quality can result in significant costs for organizations.

Data Quality 52

Data Quality Data Governance Data Integration Risk 52

FineReport

APRIL 9, 2024

Benefits of Utilizing BI Tools The utilization of data analysis tools such as business intelligence software offers numerous benefits for organizations seeking to gain a competitive edge in today’s dynamic market landscape. This results in optimized resource utilization and cost efficiencies while enhancing overall productivity.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

IBM Big Data Hub

JANUARY 15, 2024

How do organizations avoid the digital risks of ‘technology misuse’ and achieve efficient innovation that ‘technology promotes production’? The office sought a practical solution for process optimization and automation to address the aforementioned issues.

Digital Transformation 68

Digital Transformation Insurance Optimization ROI 68

IBM Big Data Hub

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Sourcing teams are automating processes like data analysis as well as supplier relationship management and transaction management.

Strategy 96

Strategy Technology Cost-Benefit Risk Management 96

AWS Big Data

JULY 20, 2023

Orca Security is an industry-leading Cloud Security Platform that identifies, prioritizes, and remediates security risks and compliance issues across your AWS Cloud estate. Moreover, running advanced analytics and ML on disparate data sources proved challenging.

Data Lake 88

Data Lake Analytics Snapshot Optimization 88

CIO Business Intelligence

MARCH 24, 2023

The Business Application Research Center (BARC) warns that data governance is a highly complex, ongoing program, not a “big bang initiative,” and it runs the risk of participants losing trust and interest over time. Informatica Axon Informatica Axon is a collection hub and data marketplace for supporting programs.

Data Governance 142

Data Governance Management Metadata Data Quality 142

CIO Business Intelligence

DECEMBER 19, 2023

Third, in the CDO Agenda: 2024: Navigating Data and Generative AI Frontiers , 57% of respondents haven’t changed their data environments to support generative AI. CIOs should look for other operational and risk management practices to complement transformation programs.

Digital Transformation 141

Digital Transformation Unstructured Data Machine Learning Risk Management 141

CIO Business Intelligence

JANUARY 24, 2024

At Vanguard, “data and analytics enable us to fulfill on our mission to provide investors with the best chance for investment success by enabling us to glean actionable insights to drive personalized client experiences, scale advice, optimize investment and business operations, and reduce risk,” Swann says.

Data Strategy 134

Data Strategy Strategy Unstructured Data Data Governance 134

IBM Big Data Hub

NOVEMBER 29, 2023

They are already identifying and exploring several real-life use cases for synthetic data, such as: Generating synthetic tabular data to increase sample size and edge cases. You can combine this data with real datasets to improve AI model training and predictive accuracy. This is partially true for synthetic data.

Metrics 81

Metrics Machine Learning Statistics Risk 81

Smart Data Collective

SEPTEMBER 28, 2022

For example, if you want to know what products customers prefer when shopping at your store, you can use big data analytics software to track customer purchases. You can then optimize product placement on the shelves or product placement in advertisements based on customer preference. Data quality is important to achieving this goal.

Big Data 104

Big Data Management Data Quality Cost-Benefit 104

IBM Big Data Hub

NOVEMBER 28, 2022

It helps blur data silos, and empowers data and analytics teams to better understand the context and quality of data. This, in turn, builds trust in data and the decision-making to follow. Provide early indicators of data quality. Regulatory and compliance. Check out the free trial.

Metadata 56

Metadata Data Quality Data-driven Data Governance 56

CIO Business Intelligence

JUNE 9, 2023

A few years ago, Gartner found that “organizations estimate the average cost of poor data quality at $12.8 million per year.’” Beyond lost revenue, data quality issues can also result in wasted resources and a damaged reputation. Without it, organizations incur a significant opportunity cost.

Strategy 107

Strategy Management Key Performance Indicator ROI 107

AWS Big Data

AUGUST 14, 2023

At the same time, unstructured approaches to data mesh management that don’t have a vision for what types of products should exist and how to ensure they are developed are at high risk of creating the same effect through simple neglect. When do new data products get created, and who is allowed to create them?

Management 79

Management Risk Measurement Optimization 79

datapine

MAY 31, 2022

Like many other branches of technology, security is a pressing concern in the world of cloud-based computing, as you are unable to see the exact location where your data is stored or being processed. This increases the risks that can arise during the implementation or management process. Cost management and containment.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

MARCH 27, 2023

They’re spending a lot of time on things like data quality, data management, things that might be tactical, helping with operational aspects of IT. The composer creates and sells the storyline of the value of data and analytics. Chief Data Officer, Data Management, IT Leadership

Data-driven 142

Data-driven Data Quality Strategy Reporting 142

IBM Big Data Hub

MAY 9, 2023

We can use foundation models to quickly perform tasks with limited annotated data and minimal effort; in some cases, we need only to describe the task at hand to coax the model into solving it. But these powerful technologies also introduce new risks and challenges for enterprises.

Enterprise 128

Enterprise Technology Modeling Cost-Benefit 128

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives. Establishing a Data Foundation. era is upon us.

Data Governance 144

Data Governance IT Risk Data Lake 144

Laminar Security

DECEMBER 1, 2023

Cloud data security is one of the most critical, yet most challenging aspects of doing business in the age of cloud. As more organizations migrate their data to the cloud, they face an increasing range of risks and threats, including data breaches, data leakage, data loss, data misuse, data compliance violations, shadow data and more.

Modeling 52

Modeling Cost-Benefit Risk Data-driven 52

O'Reilly on Data

JULY 28, 2020

If this sounds fanciful, it’s not hard to find AI systems that took inappropriate actions because they optimized a poorly thought-out metric. This isn’t always simple, since it doesn’t just take into account technical risk; it also has to account for social risk and reputational damage.

Marketing 362

Marketing Experimentation Metrics Testing 362

IBM Big Data Hub

APRIL 10, 2023

A well-designed data architecture should support business intelligence and analysis, automation, and AI—all of which can help organizations to quickly seize market opportunities, build customer value, drive major efficiencies, and respond to risks such as supply chain disruptions.

Strategy 86

Strategy Data Architecture Cost-Benefit Reporting 86

DataKitchen

JUNE 19, 2023

Another way to look at the five pillars is to see them in the context of a typical complex data estate. Using automated data validation tests, you can ensure that the data stored within your systems is accurate, complete, consistent, and relevant to the problem at hand. Data engineers are unable to make these business judgments.

Testing 130

Testing Cost-Benefit Metrics Data Quality 130

Alation

OCTOBER 5, 2021

The main reasons that a company’s data strategy and governance protocols fail to deliver are somewhat universal, regardless of the industry sector. Without a doubt, no company can achieve lasting profitability and sustainable growth with a poorly constructed data governance methodology. Picking the Right Data Governance Tools.

Data Governance 96

Data Governance Strategy Data Quality Metrics 96

erwin

FEBRUARY 4, 2021

However, organizations still encounter a number of bottlenecks that may hold them back from fully realizing the value of their data in producing timely and relevant business insights. So what’s holding organizations back from fully using their data to make better, smarter business decisions? Data Governance Bottlenecks.

Data Governance 89

Data Governance Metadata Data Quality Risk Management 89

Cloudera

MARCH 22, 2023

Cloudera Data Platform (CDP) is no different: it’s a hybrid data platform that meets organizations’ needs to get to grips with complex data anywhere, turning it into actionable insight quickly and easily. Software observability And all this — this data, these workloads — are all deployed somewhere.

Metrics 91

Metrics Data Governance Cost-Benefit Dashboards 91

CIO Business Intelligence

SEPTEMBER 20, 2023

The data can also help us enrich our commodity products. How are you populating your data lake? We’ve decided to take a practical approach, led by Kyle Benning, who runs our data function. To avoid that, we built our data platform business case by business case. What is the risk of this case-by-case approach?

Data Lake 119

Data Lake Data-driven Dashboards Risk 119

DataKitchen

FEBRUARY 21, 2023

On 24 January 2023, Gartner released the article “ 5 Ways to Enhance Your Data Engineering Practices.” How do you scale an organization without hiring an army of hard-to-find data engineering talent? are more efficient in prioritizing data delivery demands.” Focus on code and pattern reuse and DataOps Automation to scale.

Data-driven 130

Data-driven Testing Risk Cost-Benefit 130

DataKitchen

DECEMBER 9, 2022

By providing real-time visibility into the performance and behavior of data-related systems, DataOps observability enables organizations to identify and address issues before they become critical, and to optimize their data-related workflows for maximum efficiency and effectiveness.

Machine Learning 130

Machine Learning Data-driven Optimization Modeling 130

erwin

MAY 17, 2021

However, if we’ve learned anything, isn’t it that data governance is an ever-evolving, ever-changing tenet of modern business? We explored the bottlenecks and issues causing delays across the entire data value chain. Data governance provides visibility, automation, governance and collaboration for data democratization.

Data Governance 99

Data Governance Data Quality Snapshot Reporting 99

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

Ontotext

JULY 6, 2023

Let’s consider an example about risk and opportunity event detection. Case studies The risk and opportunity event detection use case discussed above combines all of Ontotext’s capabilities: storing and managing large amounts of data adding meaning to it (e.g.,, The business benefits here are also significant.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52