CIO Business Intelligence

NOVEMBER 2, 2023

Yet, controlling cloud costs remains the top challenge IT leaders face in making the most of their cloud strategies, with about one third — 35% — of respondents citing these expenses as the No. It depends on what business model you’re in. 1 barrier to moving forward in the cloud.

Strategy 127

Strategy Data Processing Experimentation Optimization 127

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Strategy 65

Strategy Cost-Benefit Key Performance Indicator Consulting 65

IBM Big Data Hub

AUGUST 7, 2023

This article, part of the IBM and Pfizer’s series on the application of AI techniques to improve clinical trial performance, focuses on enrollment and real-time forecasting. To do so they require data, which is in no shortage. The challenges they encounter are understanding what data is indicative of site performance.

Optimization 55

Optimization Forecasting Data-driven Strategy 55

DataRobot

APRIL 26, 2021

Demand forecasting is a common Time Series use case in DataRobot. Using historical sales data, together with data related to product features, calendar of events, and economic indicators, we can produce forecasts of future demand. To improve the performance of such demand forecasting models, we can use several modeling techniques.

Forecasting 59

Forecasting Sales Data-driven Modeling 59

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. In this article, we will explore the significance of managing seasonal fluctuations and the strategies businesses can implement. Businesses must forecast demand accurately to ensure supply can meet demand.

Management 116

Management Analytics Predictive Analytics Cost-Benefit 116

IBM Big Data Hub

JULY 25, 2023

Smart grids turn this model on its head. This software, and the insights it provides, can help providers predict demand patterns, identify potential issues and optimize the distribution network. However, to really maximize the benefits of a smart grid, power companies must implement effective optimization strategies as well.

Optimization 56

Optimization Technology Measurement Cost-Benefit 56

datapine

MAY 2, 2023

You can use big data analytics in logistics, for instance, to optimize routing, improve factory processes, and create razor-sharp efficiency across the entire supply chain. This isn’t just valuable for the customer – it allows logistics companies to see patterns at play that can be used to optimize their delivery strategies.

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

Cloudera

DECEMBER 20, 2022

With the right insights, energy production from renewable assets can be optimized and better predict the future of supply and demand. This scenario suggests that in the not too distant future, there will be a large “long-tail” of producers that will have to be taken into account for any production forecasting model.

Optimization 81

Optimization Data Analytics Analytics Cost-Benefit 81

CIO Business Intelligence

JUNE 3, 2024

As CIOs and CFOs try to find ways to confront the consequences, here are three key strategies to avoid cloud sticker shock: 1. Pay-as-you-go” models are touted as cost-efficient but strain budgets without financial oversight diving deep into service usage vs. actual business needs. “Pay-as-you-go” Here are three tips.

Cost-Benefit 90

Cost-Benefit Optimization ROI Strategy 90

CIO Business Intelligence

MAY 21, 2024

With the generative AI gold rush in full swing, some IT leaders are finding generative AI’s first-wave darlings — large language models (LLMs) — may not be up to snuff for their more promising use cases. With this model, patients get results almost 80% faster than before. It’s fabulous.”

IT 125

IT Cost-Benefit Experimentation Forecasting 125

CIO Business Intelligence

APRIL 4, 2024

Like other CIOs, Katrina Redmond has been inundated with opportunities to deploy AI that promise to speed business and operations processes, and optimize workflows. The cost of implementing and running AI models can be quite high, so you have to be really careful in assessing the business worthiness of AI use cases,” he says.

Enterprise 129

Enterprise Cost-Benefit Forecasting Sales 129

CIO Business Intelligence

OCTOBER 16, 2023

According to Accenture , nearly 75% of companies have already integrated AI into their business strategies, and 42% said that the return on their AI initiatives exceeded their expectations (only 1% said the return didn’t meet expectations). GenAI models can generate realistic images, compose music, write text, and even design virtual worlds.

Forecasting 119

Forecasting Machine Learning Software Data-driven 119

CIO Business Intelligence

JANUARY 19, 2024

The US Bureau of Labor Statistics (BLS) forecasts employment of data scientists will grow 35% from 2022 to 2032, with about 17,000 openings projected on average each year. You need experience in machine learning and predictive modeling techniques, including their use with big, distributed, and in-memory data sets.

Data Science 126

Data Science Machine Learning Predictive Modeling Experimentation 126

CIO Business Intelligence

JUNE 12, 2024

Following the merger, the energy company began its digital transformation by unifying the three networks under one ERP system, SAP, with plans to eventually evolve to SAP’s S/4HANA SaaS-based model. I think we made the wise decision to walk instead of running to the cloud.”

Digital Transformation 102

Digital Transformation Cost-Benefit Forecasting Marketing 102

Smarten

JUNE 14, 2023

GPT, or Generative Pre-Trained Transformer, is a Large Language Model (LLM). GPT-4 has a capacity of more than 175 billion machine learning parameters, and can support many types of tasks, e.g., answering questions, providing machine translation, summarizing text, time series forecasting, etc. Contact Us to find out more.

Optimization 52

Optimization IT Digital Transformation Consulting 52

FineReport

JULY 26, 2021

When implemented effectively, a successful BI strategy will reach every corner of the organization, having a positive impact and enabling people to make the right decisions quickly. What is business intelligence strategy? At the same time, enterprises can use the BI strategy to gradually reach various business objectives.

Business Intelligence 52

Business Intelligence Strategy Cost-Benefit Data-driven 52

FineReport

JULY 26, 2021

When implemented effectively, a successful BI strategy will reach every corner of the organization, having a positive impact and enabling people to make the right decisions quickly. What is business intelligence strategy? At the same time, enterprises can use the BI strategy to gradually reach various business objectives.

Business Intelligence 52

Business Intelligence Strategy Cost-Benefit Data-driven 52

CIO Business Intelligence

DECEMBER 11, 2023

Now, it’s time to pay for it, and that’s putting a spotlight squarely on the chief financial officer (CFO), who has increasingly become the gatekeeper deciding which projects get funded and how significantly AI will play a role in enterprise strategy. For the CFOs at the center of that transformation, the stakes are higher than ever.

Finance 93

Finance Forecasting IoT Predictive Modeling 93

Octopai

JUNE 9, 2024

This challenge is especially critical for executives responsible for data strategy and operations. ” The Data Strategy HealthCo, like many forward-thinking organizations, recognized early on that data is not just a valuable asset but a strategic imperative. Ensuring compliance with healthcare regulations became a daunting task.

IT 52

IT Data-driven Data Strategy Predictive Analytics 52

CIO Business Intelligence

MARCH 18, 2024

Technology has a critical role to play in any organization’s social sustainability strategy. Sustainable supply chains and ecosystems: A growing number of firms use technology to incorporate suppliers into their sustainability strategy.

Manufacturing 110

Manufacturing Forecasting Technology Strategy 110

DataRobot Blog

AUGUST 18, 2022

Challenges in inventory management, demand forecasting, price optimization, and more can result in missed opportunities and lost revenue. Retailers and manufacturers that incorporate AI in supply chain management greatly enhance their ability to forecast demand, manage inventory, and optimize price.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

Rita Sallam

APRIL 2, 2023

Are there mitigation strategies that show reasons for optimism? Are there mitigation strategies that can be implemented successfully that could provide policy guidance and reasons for optimism in the face of ever increasing frequency of extreme weather events? Here is the link to Qlik’s BI Bake-Off video.

Optimization 52

Optimization Machine Learning Insurance Risk 52

Jet Global

NOVEMBER 3, 2020

Being profitable and delivering the most value to shareholders starts with having a robust tax planning strategy that enables you to keep more of your hard-earned money while ensuring compliance with every tax district—and keeping your reputation intact. Unfortunately, when it comes to taxes, there are many moving parts to consider.

Strategy 84

Strategy Digital Transformation Software Cost-Benefit 84

IBM Big Data Hub

MAY 6, 2024

In this chapter of the IBM series on clinical trial innovation, we spotlight key strategies for boosting recruitment speed, helping to ensure diversity, and harnessing digital advancements. It’s crucial to evaluate the feasibility of trials and refine protocols using evidence-based strategies.

Advertising 80

Advertising Data-driven Optimization Strategy 80

CIO Business Intelligence

APRIL 5, 2022

First, Optimas is using data analytics internally for a number of functions, including material acquisition for manufacturing; forecasting of production and customer demand; improving efficiency and accuracy with ordering from suppliers; and managing its inventory. Another benefit is warehouse optimization.

Analytics 143

Analytics Cost-Benefit Forecasting Manufacturing 143

IBM Big Data Hub

MAY 17, 2024

Poorly run implementations of traditional or generative AI in commerce—such as models trained on inadequate or inappropriate data—lead to bad experiences that alienate consumers and businesses. AI models analyze vast amounts of data quickly and accurately.

B2B 64

B2B Interactive Optimization Forecasting 64

DataRobot

OCTOBER 19, 2021

Many available forecasts provide less than four weeks notice at the state and county level. Additionally, these forecasts often miss surges in community transmission until it is too late to change course. Traditional predictive models do not account for anomaly detection on data reporting issues (e.g., reporting backlogs).

Forecasting 98

Forecasting Predictive Modeling Optimization Testing 98

CIO Business Intelligence

FEBRUARY 13, 2024

Recent breakthroughs in generative AI (GenAI) are reshaping the technological landscape at an unprecedented rate, and IDC forecasts that annual worldwide spending on AI-centric systems will exceed 300 billion USD by 2026.

Data Processing 84

Data Processing Forecasting Risk Optimization 84

Cloudera

JANUARY 30, 2024

As we navigate the fourth and fifth industrial revolution, AI technologies are catalyzing a paradigm shift in how products are designed, produced, and optimized. Quality: Use cases like visual inspection, yield optimization, fault detection, and classification are enhanced with AI technologies.

Manufacturing 81

Manufacturing Contextual Data IoT Digital Transformation 81

The Unofficial Google Data Science Blog

APRIL 17, 2017

by ERIC TASSONE, FARZAN ROHANI We were part of a team of data scientists in Search Infrastructure at Google that took on the task of developing robust and automatic large-scale time series forecasting for our organization. So it should come as no surprise that Google has compiled and forecast time series for a long time.

Forecasting 83

Forecasting Modeling Statistics Uncertainty 83

IBM Big Data Hub

DECEMBER 18, 2023

For example, planners in fire-prone California use tools that incorporate remote sensing, vector data and satellite images to formulate disaster response plans and optimal placement of fire hydrants. Additionally, IBM and Texas A&M AgriLife have created a tool to help improve crop management strategies.

Internet of Things 96

Internet of Things IoT Forecasting Visualization 96

CIO Business Intelligence

JANUARY 15, 2024

Beyond boosting revenue, respondents gave plenty of other reasons to adopt AI in retail, including creating operational efficiencies (53% of respondents), improving the consumer experience (42%), improving decision making (37%), or yielding more accurate demand forecasting (21%).

Sales 88

Sales Software Forecasting Statistics 88

CIO Business Intelligence

DECEMBER 13, 2023

Applications such as financial forecasting and customer relationship management brought tremendous benefits to early adopters, even though capabilities were constrained by the structured nature of the data they processed. Digitizing relevant physical assets and objects, such as those core samples, IT equipment, office equipment, etc.

Unstructured Data 94

Unstructured Data IoT Metadata Manufacturing 94

Smart Data Collective

AUGUST 30, 2022

Analytics Can Be Essential for Helping Companies with their Pricing Strategies. In today’s business world, pricing has become one of the most important parts of a company’s strategy. Analytics technology can help companies optimize their prices more effectively. Why Is It Important To Use Get B2B Pricing Right?

B2B 132

B2B Analytics Cost-Benefit Metrics 132

IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications. The impact of these investments will become evident in the coming years.

Unstructured Data 90

Unstructured Data Cost-Benefit Experimentation Machine Learning 90

IBM Big Data Hub

DECEMBER 4, 2023

.   At its core, autonomous business planning comprises innovative methods that leverage the potential of cutting-edge technologies such as foundation models and generative AI. It empowers businesses in their sales planning, budgeting and forecasting processes.

Forecasting 48

Forecasting Finance Optimization Marketing 48

IBM Big Data Hub

MAY 15, 2024

However, the rise of hybrid and multi-cloud patterns has led to challenges in optimizing value and controlling cloud expenditure, resulting in a shift from capital to operational expenses. However, this reactive approach perpetuates firefighting rather than proactive self-optimization.

Key Performance Indicator 56

Key Performance Indicator Cost-Benefit Forecasting Finance 56