Smart Data Collective

DECEMBER 6, 2023

Artificial intelligence technology has been very helpful for businesses all over the world. A growing number of businesses are leveraging AI to boost employee productivity, optimize financial management, streamline marketing strategies and mitigate the risk of fraud.

Technology 89

Technology Risk Optimization Strategy 89

CIO Business Intelligence

JANUARY 24, 2024

Organizations can’t afford to mess up their data strategies, because too much is at stake in the digital economy. Unfortunately, the road to data strategy success is fraught with challenges, so CIOs and other technology leaders need to plan and execute carefully.

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

CIO Business Intelligence

DECEMBER 13, 2022

Our digital transformation strategy is centered around establishing a consumer-oriented model that helps us customize chronic care management based on the ever-changing conditions of each patient.” Tim Scannell: How much of a role do technologies like data analytics and AI play in DaVita’s overall technology and business strategy?

Strategy 98

Strategy Technology Digital Transformation Data Lake 98

Jet Global

MARCH 30, 2021

Tax planning is playing an increasingly important part in corporates’ enterprise resource management (ERM) strategies, driven by the many uncertainties created by political, economic, and pandemic-related trends. Take Responsibility for Risk Oversight. Engage in Risk-Monitoring Activities on a Regular and Systematic Basis.

Risk Management 98

Risk Management Risk Strategy Enterprise 98

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 73

Strategy Cost-Benefit Key Performance Indicator Consulting 73

IBM Big Data Hub

JUNE 12, 2023

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach.

Strategy 95

Strategy Cost-Benefit Digital Transformation Uncertainty 95

CIO Business Intelligence

NOVEMBER 14, 2023

Although some continue to leap without looking into cloud deals, the value of developing a comprehensive cloud strategy has become evident. Without a clear cloud strategy and broad leadership support, even value-adding cloud investments may be at risk. There are other risks, too. Why are we really going to cloud?

Strategy 144

Strategy Cost-Benefit IT Key Performance Indicator 144

IBM Big Data Hub

DECEMBER 20, 2023

Without an AI strategy, organizations risk missing out on the benefits AI can offer. An AI strategy helps organizations address the complex challenges associated with AI implementation and define its objectives. What is an AI strategy? A successful AI strategy should act as a roadmap for this plan.

Strategy 79

Strategy Business Objectives Cost-Benefit Consulting 79

CIO Business Intelligence

JULY 23, 2023

When respondents were asked what modernization imperatives are causing them to lose sleep at night, the need to improve overall IT performance (60%) topped the list, followed by data security (50%), process risk and compliance (46%), and the need to improve agility (41%). Learn more about how companies can optimize their IT.

Optimization 78

Optimization IT Digital Transformation Uncertainty 78

CIO Business Intelligence

NOVEMBER 22, 2022

Every enterprise needs a data strategy that clearly defines the technologies, processes, people, and rules needed to safely and securely manage its information assets and practices. Here’s a quick rundown of seven major trends that will likely reshape your organization’s current data strategy in the days and months ahead.

Data Strategy 145

Data Strategy Strategy Enterprise Consulting 145

Cloudera

DECEMBER 19, 2023

There, I met with IT leaders across multiple lines of business and agencies in the US Federal government focused on optimizing the value of AI in the public sector. AI can optimize citizen-centric service delivery by predicting demand and customizing service delivery, resulting in reduced costs and improved outcomes.

Optimization 85

Optimization Cost-Benefit Unstructured Data Risk 85

CIO Business Intelligence

JUNE 9, 2023

But head starts don’t need to take years to make a difference, especially in the fast-moving world of technology where the window of opportunity is much shorter. In technology, hesitate, and you may not be able to catch up to your competitors. Such is the case with a data management strategy. That’s an almost 20-year head start.

Strategy 113

Strategy Management Key Performance Indicator ROI 113

Smart Data Collective

JULY 20, 2022

A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Only 32% of executives have officially laid out a data strategy to drive their organization. Keep reading to learn how to combine these two initiatives.

Data-driven 124

Data-driven Optimization Big Data Data Strategy 124

IBM Big Data Hub

MAY 8, 2023

This blog continues the discussion, now investigating the risks of adopting AI and proposes measures for a safe and judicious response to adopting AI. Risk and limitations of AI The risk associated with the adoption of AI in insurance can be separated broadly into two categories—technological and usage.

Insurance 74

Insurance Risk Testing Data Quality 74

CIO Business Intelligence

OCTOBER 16, 2023

The world of manufacturing is undergoing a quiet revolution: the integration of Operational Technology (OT) and Information Technology (IT). For decades, businesses have focused on IT development, while OT has trailed decades behind in technological advancement.

Manufacturing 133

Manufacturing Strategy Cost-Benefit IoT 133

Smart Data Collective

DECEMBER 13, 2021

The e-commerce sector has been one of the most affected by major advances in data technology. New advances in data technology have been especially beneficial for marketing. E-commerce Companies Are Using Big Data Technology to Improve the Execution of their Marketing Strategies. billion on big data by 2025.

Data-driven 135

Data-driven Marketing Strategy Big Data 135

CIO Business Intelligence

MAY 24, 2023

Yet, as organizations transform, CIOs and their teams are being asked to manage the optimal mix of infrastructure, platform, software, database, storage, and more to meet these new strategic objectives—while also creating sustained value and positioning the organization for the future. My advice: Be proactive. hyperscale, private cloud).

Strategy 102

Strategy IT Digital Transformation Optimization 102

IBM Big Data Hub

JUNE 20, 2023

Here’s what you need to know in order to build a successful strategy. Digital twin technology: A digital twin is a virtual representation of an asset a company intends to acquire that assists organizations in their decision-making process. What is an asset? Companies use assets to create value.

Strategy 78

Strategy Management Cost-Benefit IoT 78

CIO Business Intelligence

MARCH 9, 2022

Today’s cloud strategies revolve around two distinct poles: the “lift and shift” approach, in which applications and associated data are moved to the cloud without being redesigned; and the “cloud-first” approach, in which applications are developed or redesigned specifically for the cloud.

Strategy 145

Strategy Consulting Risk Testing 145

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. Lacking a clear strategy determined by business objectives.

Optimization 111

Optimization Cost-Benefit Consulting Strategy 111

CIO Business Intelligence

AUGUST 23, 2023

Having joined its executive team 18 months ago, CDIO Jennifer Hartsock oversees its global technology portfolio, and digital and data strategies, so she has to keep track of a lot of moving parts, both large and small, to help achieve the company’s big corporate strategy about being ‘better together.’ “It

Data Strategy 97

Data Strategy Strategy B2B Digital Transformation 97

IBM Big Data Hub

APRIL 19, 2024

Asset management and technological innovation Advancements in technology underpin the need for holistic grid asset management, making the assets in the grid smarter and equipping the workforce with smart tools. Cybersecurity reduces risk exposure for cyberattacks on digitally connected assets.

Management 94

Management Internet of Things Risk IoT 94

Smart Data Collective

DECEMBER 26, 2022

Let’s get started with a comprehensive cybersecurity strategy for your small business. The first step of a well-planned cybersecurity strategy is identifying the avenues of attack in your system. Before prioritizing your threats, risks, and remedies, determine the rules and regulations that your company is obliged to follow.

Strategy 131

Strategy Testing Risk Software 131

Smart Data Collective

FEBRUARY 9, 2022

Analytics technology has become an invaluable aspect of modern financial trading. Luckily, there are a few analytics optimization strategies you can use to make life easy on your end. Exit based on strategies: Such plans can assist you in limiting losses as they inform the system when to stop trading.

Visualization 133

Visualization Optimization Analytics Testing 133

CIO Business Intelligence

APRIL 1, 2024

The research cited a lack of talent and skills to work with the technology (62%), unclear AI and GenAI investment priorities (47%), and the absence of a strategy for responsible AI (41%) as the top three obstacles. Reach consensus on strategy. Low-cost proof-of-concepts can help you reduce the risk of overprovisioning.

Data Lake 131

Data Lake Consulting Uncertainty Risk 131

CIO Business Intelligence

MAY 16, 2023

In some instances, organizations undertook a thoughtful and planned approach to their multicloud strategies. To truly take advantage of the promise of multicloud, organizations must adopt a multicloud-by-design strategy. Another approach is to extend all the richness of major cloud stacks to environments outside the public cloud.

Strategy 91

Strategy Cost-Benefit Optimization Modeling 91

CIO Business Intelligence

AUGUST 1, 2022

Upgrading IT and data security to reduce corporate risk was the No. As enterprises modernize with cloud, connectivity, and data, they are gravitating to technology-as-a-service models to refashion IT estates. 1 CEO priority for respondents to the IDG/Foundry “State of the CIO Study 2022” research , cited by a third of the respondents.

Strategy 94

Strategy Cost-Benefit Risk Management 94

Smart Data Collective

SEPTEMBER 7, 2021

Technologies became a crucial part of achieving success in the increasingly competitive market, including big data and analytics. Top technologies helping organisations accomplish business goals. This information can further be used in marketing strategies. Setting the optimal prices. Source: Statista.

Big Data 124

Big Data Technology Cost-Benefit Predictive Analytics 124

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. This article is going to provide some great insights on developing strategies for unlocking additional value from an online business, which can do a lot to boost revenue and catapult the enterprise to new heights.

Optimization 73

Optimization Data Analytics Analytics Data-driven 73

CIO Business Intelligence

JULY 31, 2023

For those companies operating on a calendar year, the end of summer signals the start of annual planning and the mad dash to prepare their IT strategies. Your answers will lay the foundation for your strategy and highlight where your story needs work if you want to avoid fire drills in the eleventh hour. What’s the vision for IT?

Strategy 98

Strategy IT Cost-Benefit Finance 98

IBM Big Data Hub

SEPTEMBER 6, 2023

From customized content creation to task automation and data analysis, AI has seemingly endless applications when it comes to marketing, but also some potential risks. Today, AI technologies are being used more widely than ever to generate content, improve customer experiences and deliver more accurate results. What is AI marketing?

Marketing 86

Marketing Technology Advertising ROI 86

Smart Data Collective

NOVEMBER 4, 2021

There are many important considerations for people using cloud technology. Cyberattacks have been named one of five top-rated risks in 2020, according to Global Risks Report for both private individuals and businesses. Lots of businesses have already moved to the cloud. One of the most important issues is cloud security.

Strategy 119

Strategy Snapshot Risk IoT 119

Smart Data Collective

MAY 10, 2022

One of the critical industries AI is making strides in is the financial technology “fintech” industry. For example, banks now apply AI to assess credit risks with high accuracy. They include; Credit risk assessment. The analysis helps them execute trades at the most optimal prices. from 2022 to 2027.

Marketing 110

Marketing Technology Insurance Machine Learning 110

IBM Big Data Hub

JULY 26, 2023

Digital twin technology, an advancement stemming from the Industrial Internet of Things (IIoT), is reshaping the oil and gas landscape by helping providers streamline asset management, optimize performance and reduce operating costs and unplanned downtime. What is a digital twin?

Technology 57

Technology Cost-Benefit Optimization Internet of Things 57

CIO Business Intelligence

MARCH 30, 2022

In today’s transformative business environment, emerging technology has a decisive role to play in an organization’s innovations, customer experience and overall success. These technologies can help companies create powerful transformations to drive revenue and outshine the competition. Visualize for Value.

Technology 94

Technology Internet of Things ROI IoT 94

Smart Data Collective

APRIL 3, 2022

One of the ways to make money through the use of AI technology is with algorithmic trading. This is a huge market driven by AI technology that is expected to be worth $19 billion by 2024. As AI technology has improved, algorithmic trading has become more effective and given traders the opportunity to realize higher ROIs.

Technology 95

Technology Cost-Benefit ROI Strategy 95

Alation

OCTOBER 5, 2021

Answers will differ widely depending upon a business’ industry and strategy for growth. The first step towards a successful data governance strategy is setting appropriate goals and milestones. Yet, so many companies today are still failing miserably in implementing data strategy and governance protocols.

Data Governance 96

Data Governance Strategy Data Quality Metrics 96