Timo Elliott

FEBRUARY 8, 2023

New cloud platform technologies have unleashed new opportunities for business model innovation. There are already over 1,000 ventilation systems already using the platform, with benefits of up to 40% energy savings (with corresponding cost and CO2 savings, depending on the source energy used).

Modeling 98

Modeling Cost-Benefit Optimization Machine Learning 98

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. Now, if the model is drifting away, we get alerted automatically, and we fix it.” In the past, anybody could make a mistake easily.

IT 95

IT Cost-Benefit Insurance Unstructured Data 95

O'Reilly on Data

APRIL 30, 2024

Others retort that large language models (LLMs) have already reached the peak of their powers. These are risks stemming from misalignment between a company’s economic incentives to profit from its proprietary AI model in a particular way and society’s interests in how the AI model should be monetised and deployed.

Risk 221

Risk Advertising Cost-Benefit Sales 221

BA Learnings

SEPTEMBER 26, 2020

According to a study conducted by IBM in 2012, companies that perform well tend to innovate their business models quite frequently, compared to underperformers. Failing to adjust one’s business model to suit the ever-dynamic business environment can threaten and diminish the longevity of any business.

Modeling 130

Modeling Cost-Benefit Strategy Technology 130

BA Learnings

SEPTEMBER 26, 2020

According to a study conducted by IBM in 2012, companies that perform well tend to innovate their business models quite frequently, compared to underperformers. Failing to adjust one’s business model to suit the ever-dynamic business environment can threaten and diminish the longevity of any business.

Modeling 130

Modeling Cost-Benefit Strategy Technology 130

Smart Data Collective

MARCH 3, 2023

Then, you make adjustments based on what’s working within your business model— and what isn’t. It’s important to get an objective look at where there are shortcomings in your business model. Here’s what you need to know about using data to improve your business model and boost your company’s growth.

Modeling 84

Modeling Cost-Benefit Software Strategy 84

IBM Big Data Hub

MAY 10, 2024

When comparing frameworks for hardware design, critical considerations include the following: Performance speeds Power consumption Cost-efficiency Programmability Bandwidth Understanding graphics processing units (GPUs) GPUs are a type of specialized circuit that is designed to rapidly manipulate memory to accelerate the creation of images.

Deep Learning 111

Deep Learning Cost-Benefit Manufacturing Optimization 111

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States.

Risk 64

Risk Modeling Machine Learning Data Quality 64

CIO Business Intelligence

APRIL 10, 2024

Inferencing has emerged as among the most exciting aspects of generative AI large language models (LLMs). Crunching mathematical calculations, the model then makes predictions based on what it has learned during training. The percentage varies as the size of the model and the number of users grows.

Cost-Benefit 125

Cost-Benefit Modeling Strategy Interactive 125

AWS Big Data

APRIL 17, 2024

Analytics as a service (AaaS) is a business model that uses the cloud to deliver analytic capabilities on a subscription basis. This model provides organizations with a cost-effective, scalable, and flexible solution for building analytics. times lower cost per user and up to 7.9 Amazon Redshift delivers up to 4.9

Data Warehouse 101

Data Warehouse Analytics Cost-Benefit Modeling 101

IBM Big Data Hub

MARCH 27, 2024

As AI technology advances, the need for high-performance, cost-effective and easily deployable solutions reached unprecedented levels. Programming languages like Java have incompatible object models with today’s database-specific data structures and formats. Low infrastructure costs. Infrastructure costs are skyrocketing.

Cost-Benefit 102

Cost-Benefit Data Processing Optimization Modeling 102

Smarten

JANUARY 10, 2024

So, while Grok claims to offer a competitive advantage with its real-time approach, users must have an X account to enjoy the benefits of Grok and they must pay a premium which is comparable to the real-time premium version of OpenAI that is currently available to the public. with a 175 billion parameter training model and GPT 4 with 1.76

Marketing 52

Marketing Modeling IT Digital Transformation 52

CIO Business Intelligence

AUGUST 4, 2022

Many companies that begin their AI projects in the cloud often reach a point when cost and time variables become issues. That’s typically due to the exponential growth in dataset size and complexity of AI models. “In But as models and datasets grow, there’s a stifling effect associated with the escalating compute cost and time. “But

Modeling 77

Modeling Cost-Benefit ROI Data Lake 77

erwin

JANUARY 9, 2020

For decades, data modeling has been the optimal way to design and deploy new relational databases with high-quality data sources and support application development. Today’s data modeling is not your father’s data modeling software. So here’s why data modeling is so critical to data governance.

Data Governance 144

Data Governance Modeling Metadata Unstructured Data 144

Laminar Security

DECEMBER 1, 2023

According to a recent report by IBM , the average cost of a data breach in 2023 was $4.24 DSPM solutions help organizations achieve data security compliance, reduce data breach risks, optimize cloud costs, and improve data quality, all while enabling data-driven innovation. million, the highest it’s been in 17 years.

Modeling 52

Modeling Cost-Benefit Risk Data-driven 52

CIO Business Intelligence

FEBRUARY 29, 2024

Captive centers are no longer just means of value creation, providing cost savings and driving process standardization. As companies have grown comfortable with offshore and nearshore delivery, the captive model offers the opportunity to tap larger populations of lower-cost talent without handing the reins to a third party.

Cost-Benefit 109

Cost-Benefit Risk Modeling Strategy 109

CIO Business Intelligence

MAY 15, 2024

Cost remains the biggest driver for multicloud. To be successful, CIOs must understand the costs and benefits of such a migration, as well as factors such as life cycle management and the impact on staff. Attendees discussed the cost impact of moving from legacy systems to a hybrid model.

Cost-Benefit 70

Cost-Benefit B2B Data Processing Technology 70

IBM Big Data Hub

OCTOBER 16, 2023

It includes processes that trace and document the origin of data, models and associated metadata and pipelines for audits. Foundation models: The power of curated datasets Foundation models , also known as “transformers,” are modern, large-scale AI models trained on large amounts of raw, unlabeled data.

Risk 77

Risk Modeling Management Metadata 77

Cloudera

OCTOBER 14, 2020

Not many other industries have such a sophisticated business model that encompasses a culture of streamlined supply chains, predictive maintenance, and unwavering customer satisfaction. Step 1: Using the training data to create a model/classifier. Fig 2: Diagram showing how CML is used to build ML training models. The Process.

Machine Learning 97

Machine Learning Modeling Cost-Benefit Testing 97

CIO Business Intelligence

JUNE 21, 2023

A common but critical challenge I hear from CIOs, CTOs, and CDOs every day is that they have a difficult time helping the C-suite understand that IT is the very architecture for the future of business, not a cost center. Speak their language: Frame your arguments in terms of business outcomes and financial benefits.

Modeling 105

Modeling Cost-Benefit ROI Digital Transformation 105

erwin

SEPTEMBER 12, 2019

Strong internal business process modeling and management helps data-driven organizations compete and lead. Malone and Yuri van Geest , the authors, examine how every company is or will evolve into an information-based entity in which costs fall to nearly zero, abundance replaces scarcity and only “exponential organizations” survive.

Modeling 101

Modeling Cost-Benefit Data-driven Data Governance 101

DataRobot Blog

MAY 26, 2022

Last time , we discussed the steps that a modeler must pay attention to when building out ML models to be utilized within the financial institution. In summary, to ensure that they have built a robust model, modelers must make certain that they have designed the model in a way that is backed by research and industry-adopted practices.

Risk 52

Risk Modeling Metrics Business Objectives 52

CIO Business Intelligence

APRIL 17, 2024

Organizations with subscription-based business models have not only survived the recent global economic challenges but have also outperformed their traditional, product-based counterparts, according to The Subscription Economy Index (SEI) report for 2023 by Zuora. against the latter’s 4.8%.

Broadcasting 108

Broadcasting Cost-Benefit Strategy Modeling 108

erwin

AUGUST 15, 2022

For NoSQL, data lakes, and data lake houses—data modeling of both structured and unstructured data is somewhat novel and thorny. As with the part 1 and part 2 of this data modeling blog series, the cloud is not nirvana. Static over-provisioning or dynamic scaling will run up monthly cloud costs very quickly on a bad design.

Data Lake 52

Data Lake Modeling Unstructured Data Data Warehouse 52

CDW Research Hub

AUGUST 23, 2022

Many people are examining the benefits of storage as a service model, but why? The adoption of Storage as a Service (STaaS) is growing rapidly, and many reasons illustrate why businesses are choosing this model. question, check out these three benefits of adopting Storage as a Service (STaaS): 1. Consumption.

Modeling 52

Modeling Cost-Benefit Internet of Things IoT 52

Smart Data Collective

JUNE 15, 2021

However, it is important to make sure that you understand the potential role of AI and what business model to build around it. The market for AI is projected to reach $267 billion in the next six years due to the countless benefits it provides. Not even the most sophisticated AI technology can make up for a subpar business model.

Modeling 91

Modeling Advertising Cost-Benefit Machine Learning 91

CIO Business Intelligence

MARCH 6, 2024

Multiple attacks on well-known manufacturers have ended with huge expenses, including Austrian aerospace parts maker, FACC AG, which lost $61 million thanks to a phishing scam , and Norsk-Hydro , which was hit by a ransomware attack that cost $75 million. The second business benefit is cost savings.

ROI 120

ROI Manufacturing Cost-Benefit IoT 120

Smart Data Collective

MARCH 14, 2022

Data analytics technology is becoming a more important aspect of business models in all industries. The importance of customer loyalty and customer service has become increasingly well-known and companies have needed to adapt their business models accordingly to gain a competitive edge. SaaS companies are no exception.

Modeling 99

Modeling Analytics Sales Key Performance Indicator 99

CIO Business Intelligence

OCTOBER 17, 2023

The frenzy created by the public release of OpenAI’s ChatGPT has triggered an arms race among hyperscalers to differentiate themselves by developing their own large language models (LLMs), building platforms that enable enterprises to create generative AI applications, and integrating generative AI throughout their portfolios of service offerings.

Marketing 143

Marketing IT Cost-Benefit Enterprise 143

Smart Data Collective

AUGUST 30, 2022

That figure is expected to grow as more businesses discover its benefits. Prices must account for the company’s key value metric, cost structure, buyer personas, and other factors like competition. Analytics can use existing data to model scenarios where customers will respond to different prices. Cost-Plus Pricing.

B2B 131

B2B Analytics Cost-Benefit Metrics 131

Cloudera

MARCH 26, 2024

How do you adapt a foundational model to your specific needs? How much is all this really going to cost? Cloudera has had an in-house expertise in Machine Learning and has been helping customers deliver machine learning applications, build ML models, and deliver ML ops for the past decade.

Cost-Benefit 80

Cost-Benefit Machine Learning Enterprise Modeling 80

CIO Business Intelligence

NOVEMBER 27, 2023

On top of that, Gen AI, and the large language models (LLMs) that power it, are super-computing workloads that devour electricity.Estimates vary, but Dr. Sajjad Moazeni of the University of Washington calculates that training an LLM with 175 billion+ parameters takes a year’s worth of energy for 1,000 US households. Not at all.

Risk 123

Risk Cost-Benefit Modeling Optimization 123

CIO Business Intelligence

FEBRUARY 27, 2024

The resulting infrastructure of choice — a combination of on-premises and hybrid-cloud platforms — will aim to reduce cost overruns, contain cloud chaos, and ensure adequate funding for generative AI projects. Such decisions are largely driven by the need to maximize performance and business benefits while not losing track of costs.”

Strategy 143

Strategy Cost-Benefit Data Processing Data-driven 143

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

IBM Big Data Hub

DECEMBER 1, 2023

The benefits of ERP include built-in business intelligence and access to real-time data, along with integrated machine learning capabilities unlike a legacy system. Benefits of on-premises Cost: Since the software is done on-premises there isn’t a monthly or annual subscription cost for the software.

Enterprise 94

Enterprise Cost-Benefit Consulting Software 94

IBM Big Data Hub

OCTOBER 25, 2023

Hybrid cloud allows them to take advantage of powerful open-source large language models (LLMs), use public data and computing resources to train their own models and securely fine-tune their models while keeping their proprietary insights private. They need to champion modernization as a business initiative, not an IT project.

Cost-Benefit 89

Cost-Benefit ROI Modeling Testing 89