Remove Internet of Things Remove Modeling Remove Optimization Remove ROI
article thumbnail

Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. Another way of saying this is: given some desired optimal outcome Y, what conditions X should we put in place.

article thumbnail

My top learning moments at Splunk.conf23

Rocket-Powered Data Science

as likely to say that their ROI on observability tools far exceeded expectations. Such prescriptive capabilities can be more proactive, automated, and optimized, making digital resilience an objective fact for businesses, not just a business objective. Leaders are 7.9x I call that “digital resilience for the win!”

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

IoT Connectivity & the Significance of Fleet Management in Logistics Industry

BizAcuity

This is the era of IoT (the Internet of Things). This data is gathered by the Internet of Things (IoT) devices. The power to optimize this gathered data lies in working with Machine Learning models that can replicate real-time scenarios. The Benefits of Fleet Management Optimization.

IoT 93
article thumbnail

Industry X.0 – Made Real, Practical Insights Today enabling Profits Tomorrow

Cloudera

Consider that Manufacturing’s Industry Internet of Things (IIOT) was valued at $161b with an impressive 25% growth rate, or that the Connected Car market will be valued at $225b by 2027 with a 17% growth rate. Lack of Clear ROI . Petrick, Senior Director of Industrial Innovation in the Internet of Things Group – Intel.

article thumbnail

National Grid’s energy transformation is fueled by IT

CIO Business Intelligence

And in so many cases, it’s not pure ROI and cost savings but it’s removing hidden costs and shared costs of managing technical debt, like not having to do upgrades. Talent, data, and cloud operating models. Optimizing with machine learning. I call it cloud density in the right way,” Karaboutis adds.

IT 89
article thumbnail

Celebrating 40 years of Db2: Running the world’s mission critical workloads

IBM Big Data Hub

Codd published his famous paper “ A Relational Model of Data for Large Shared Data Banks.” Thus, was born a single database and the relational model for transactions and business intelligence. enhances data management through automated insights generation, self-tuning performance optimization and predictive analytics.

article thumbnail

Steps to Improve Your Security Posture during Technology Modernization

CIO Business Intelligence

Internet of Things (IoT). Zero trust architecture as a security model has started to catch on because one of its core philosophies is to always assume that adversaries are in an organization’s environment. CROs must help uphold the ROI on such decisions by placing IT and security risk on a par with other enterprise risks. .