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6 Case Studies on The Benefits of Business Intelligence And Analytics

datapine

Because things are changing and becoming more competitive in every sector of business, the benefits of business intelligence and proper use of data analytics are key to outperforming the competition. It will ultimately help them spot new business opportunities, cut costs, or identify inefficient processes that need reengineering.

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Developments in AI and IMF Positions Can Make Bitcoin Legally Tender

Smart Data Collective

We have discussed some of the benefits of AI technology in mainstream financial sectors like banking. Before we get into the details of the potential benefits of AI in the bitcoin market, we would like to explore the new position of the IMF. In July 2014, the IMF itself recognized Bitcoin as a “convertible virtual currency.”

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CarMax drives business value with GPT-3.5

CIO Business Intelligence

First-mover AI benefits CarMax’s IT leaders and IT staff were experimenting with OpenAI’s GPT-3.x As a pioneer, CarMax is reaping the early benefits of what will likely be a major business driver across the globe, one analyst says. “As Mohammed started the cloud journey and digital transformation when he became CIO of CarMax in 2014.

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Stablecoins: Solving the cryptocurrency volatility crisis

O'Reilly on Data

Stablecoins have the opportunity to reap the benefits of cryptocurrencies while mitigating price volatility to acceptable levels. Smart contracts can run at cost without intermediaries carving out high margins, a paradigm similar to well-run public utilities. Value opportunity: Open platforms. Stablecoin history.

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The Java migration imperative: Why your business should upgrade now

CIO Business Intelligence

The downside here is that while an application may run well enough on older versions, businesses with upgrade inertia are leaving themselves both vulnerable to the pitfalls of old software and unable to tap into the cost savings and improved performance that can better position them for success in competitive markets.

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5 tips for switching to skills-based hiring

CIO Business Intelligence

There are several proven benefits to a skills-based hiring approach, including reduced mis-hires (97%), reduced cost-to-hire (84%), reduced time-to-hire (86%), improved retention (91%), and improved diversity (93%). And it seems companies are getting the hint.

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Ready…Set…Start Your Containers

CIO Business Intelligence

Incompatibility and unreliability caused by configuration differences such as versions of compilers, loaders, runtime libraries, middleware, and operating systems in new environments contributed to increased project effort, cost, and timelines. A great benefit of isolating applications into containers is the inherent security provided.