CIO Business Intelligence

JANUARY 17, 2024

The first was becoming one of the first research companies to move its panels and surveys online, reducing costs and increasing the speed and scope of data collection. According to Mohammed, the results of this digital transformation journey are measurable and impressive.

Digital Transformation 119

Digital Transformation Dashboards Reporting Data Science 119

Smart Data Collective

MAY 17, 2021

A mission-critical task like maintenance can be relegated to proactive measures thanks to a steady flow of performance data. What’s more, the same technology can be used for other measures, like monitoring assets and goods, which cuts down on fraud and theft. billion in 2018. Organizations have already realized this.

Big Data 103

Big Data Cost-Benefit IoT Machine Learning 103

CIO Business Intelligence

JULY 17, 2024

Pioneering digital leaders help organizations make the most out of emerging technologies, but to be successful, they must keep up with the fast pace of change and deliver the right solutions at the right time, and at the right cost. Innovation, in short, must come with a side order of business benefits.

Digital Transformation 132

Digital Transformation Technology Cost-Benefit Insurance 132

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. For more information on the benefits of the latest version of ITIL, see “ ITIL 4: ITSM gets agile.”.

IT 105

IT Cost-Benefit ROI Risk 105

Smart Data Collective

AUGUST 9, 2022

The number increased 56% between 2017 and 2018. Cybersecurity experts are using data analytics and AI to identify warning signs that a firewall has been penetrated, conduct risk scoring analyses and perform automated cybersecurity measures. They can take advantage of the benefits of Agile to create data-driven cybersecurity solutions.

Big Data 117

Big Data Technology Testing Cost-Benefit 117

Sisense

DECEMBER 27, 2019

When you compare your monthly numbers to a larger sample and comparable periods, you get a truer measure of your performance, minus elements that may be distorting your data. Comparing similar periods over time gives you a more precise measure of your company’s growth. So how do you gauge success on a longer time-scale?

KPI 96

KPI Measurement Metrics Key Performance Indicator 96

CIO Business Intelligence

AUGUST 21, 2024

Starting in 2018, the agency used agents, in the form of Raspberry PI computers running biologically-inspired neural networks and time series models, as the foundation of a cooperative network of sensors. “It It wasn’t just a single measurement of particulates,” says Chris Mattmann, NASA JPL’s former chief technology and innovation officer.

Risk 136

Risk Insurance Cost-Benefit Software 136

Smart Data Collective

SEPTEMBER 11, 2020

An article in CISCOMAG talks about the benefits of using AI in improving network security. The number of IoT devices is projected to skyrocket from 10 billion to 64 billion between 2018 and 2025. AI will also employ cost-effectiveness in developing and maintaining networking systems. Growing Importance of AI in Networking.

Technology 97

Technology IoT Internet of Things Cost-Benefit 97

AWS Big Data

DECEMBER 8, 2023

In 2021, FanDuel’s workloads almost tripled since they first started using Amazon Redshift in 2018, and they started evaluating Redshift RA3 nodes vs. DC2 nodes to take advantage of the storage and compute separation and deliver better performance at lower costs. The following diagram illustrates this architecture.

Data Warehouse 72

Data Warehouse Cost-Benefit KPI Risk 72

Smart Data Collective

OCTOBER 20, 2020

Some of these were addressed in the Data Driven Summit 2018. Benefits include: Using data analytics to better identify your target audience Developing a stronger competitive advantage Forecasting trends with predictive analytics to anticipate future market demand. The benefits are evident if you understand the advantages of modern SEO.

Marketing 108

Marketing Data Analytics Analytics Big Data 108

Smart Data Collective

JUNE 23, 2019

This benefits you, and it also helps the city and community have fewer cars on the road during heavy-traffic times resulting in both convenience and less pollution. A 2018 study by McKinsey shows that smart cities are going to be highly dependent on big data. As technology is constantly evolving, so are the ways in which it is used.

Big Data 109

Big Data Cost-Benefit Measurement Management 109

Rocket-Powered Data Science

DECEMBER 15, 2018

The objective function (also known as cost function, or benefit function) provides an objective measure of model performance. Instead of minimizing error (a cost function), hill-climbing focuses on maximizing accuracy (a benefit function). That is the true key that unlocks performance in a cold-start challenge.

Machine Learning 171

Machine Learning Optimization Metrics Modeling 171

IBM Big Data Hub

JANUARY 25, 2024

.” Read the “Presidio AI Framework” paper to learn how to address generative AI risks with guardrails across the expanded AI life cycle As generative AI continues to go mainstream, organizations are excited about the potential to transform processes, reduce costs and increase business value.

Strategy 94

Strategy Risk Cost-Benefit Business Objectives 94

BizAcuity

MARCH 8, 2019

Workforce Analytics in simple terms can be defined as an advanced set of software and methodology tools that measures, characterizes, and organizes sophisticated employee data and these tools helps in understanding the employee performance in a logical way. For the event industry the benefits of workforce analytics approach include-.

Analytics 73

Analytics Prescriptive Analytics Cost-Benefit Metrics 73

BizAcuity

JULY 26, 2021

According to the 2019 report by Flexera enterprises with a hybrid strategy grew to 58% in 2019 from 51% in 2018. Reduced costs . Hardware costs. While the public cloud operations might mask up the hardware costs which will ultimately depend on the organization and its business requirements. . What is a hybrid cloud?

IT 52

IT Cost-Benefit Data Processing Risk 52

IBM Big Data Hub

MARCH 14, 2024

5G (fifth-generation mobile technology) is a new standard for cellular networks developed by the 3rd Generation Partnership Project (3FPP) in 2018 to replace the previous standards of 3G, 4G and 4G LTE. Supply chains As 5G connectivity spreads, supply chains everywhere will benefit from its lightning-fast speeds and increased reliability.

Technology 59

Technology IoT Cost-Benefit Internet of Things 59

Smart Data Collective

NOVEMBER 6, 2019

city employed an emerging discipline called “carbon economics” and data gathered at the local level to map out carbon emissions and deploy carbon abatement measures. Some of the measures saved the city as much as $1,200 per ton of CO2. Data from carbon mapping tools : One U.S. Expect smart cities to play a vital role in this growth.

Cost-Benefit 80

Cost-Benefit Measurement Modeling Technology 80

Smart Data Collective

JULY 25, 2019

The Global Data Protection Regulation (GDPR) was enacted in May 2018. Since all companies that cater to European consumers must abide by these regulations, consumers outside of the European Union can still benefit from them when accessing global websites. Consumers need to be aware of the risks and take appropriate measures.

Risk 81

Risk Cost-Benefit Data Processing Measurement 81

IBM Big Data Hub

FEBRUARY 23, 2024

The General Data Protection Regulation (GDPR), the European Union’s landmark data privacy law, took effect in 2018. At a minimum, a DPIA must describe the processing and its purpose, assess the necessity of the processing, evaluate risks to data subjects, and identify mitigation measures. Irish regulators hit Meta with a EUR 1.2

Measurement 74

Measurement Risk Data Collection Data Processing 74

IBM Big Data Hub

OCTOBER 16, 2023

While the US doesn’t have a single data privacy law at the federal level, the California Consumer Privacy Act of 2018 is one of the most ambitious data privacy legislation ever enacted in the US, much like European Union’s GDPR. Data sovereignty in the EU is an evolving field.

Cost-Benefit 65

Cost-Benefit Data Governance Risk Data-driven 65

Jet Global

AUGUST 14, 2019

While the technology behind enabling computers to simulate human thought has been developing, at times slowly, over the past half-century, the cost of implementation, readily available access to cloud computing, and practical business use cases are primed to help AI make a dramatic impact in the enterprise over the next few years.

Enterprise 70

Enterprise OLAP Business Intelligence Cost-Benefit 70

Andrew White

MARCH 6, 2020

First the paper is an effective tour de force that captures the concepts of data, data value, and the many challenges with defining or measuring such value. However, why such data should be free is not explained; and how if such data were freely available, why would it then lead to benefit is not explained. But I digress.

Cost-Benefit 59

Cost-Benefit Marketing Data Strategy Strategy 59

Jet Global

OCTOBER 2, 2019

While the technology behind enabling computers to simulate human thought has been developing, at times slowly, over the past half-century, the cost of implementation, readily available access to cloud computing, and practical business use cases are primed to help AI make a dramatic impact in the enterprise over the next few years.

Enterprise 40

Enterprise OLAP Business Intelligence Cost-Benefit 40

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

Based on the decisions being made and how quickly plans can adjust to new forecast updates, what is the cost of forecasting too high or too low? If the costs of prediction error are asymmetric (e.g. What is the reduction in cost of a forecast that was improved by human intervention? 95th percentile). So what to do?

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Cloudera

AUGUST 6, 2018

Only 3 years later, in 2018 the organization has received a total of 75 million messages. For example, researchers from Berkeley used mobile data to predict poverty and wealth of individuals or microregions in Rwanda at a time when measuring poverty in Africa remains a challenge.

Machine Learning 49

Machine Learning Internet of Things Data-driven Cost-Benefit 49

Depict Data Studio

APRIL 27, 2020

All the training examples have been made with everyday software you already own, like Excel, PowerPoint, Word, and other low-cost tools. This is the third time we’ve offered this course: 2018, 2019, and 2020. My own publications and posters have also benefited—no more hard-to-read charts filled with clutter! New for 2020!

Visualization 52

Visualization Software Reporting Dashboards 52

datapine

OCTOBER 21, 2020

In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. We will then look at 18 big data examples in healthcare that already exist and that medical-based institutions can benefit from.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

datapine

MARCH 20, 2019

If you apply that same logic to the financial sector or a finance department, it’s clear that financial reporting tools could serve to benefit your business by giving you a more informed snapshot of your activities. The Benefits Of Financial Reporting. To round things off, let’s dig deeper into the benefits of this kind of reporting.

Reporting 248

Reporting Finance Dashboards Snapshot 248

CIO Business Intelligence

NOVEMBER 7, 2022

However, the measure of success has been historically at odds with the number of projects said to be overrunning or underperforming, as Panorama has noted that organizations have lowered their standards of success. million in implementation costs. million in implementation costs. million over the following nine months.

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow. 9) Data Automation.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

IBM Big Data Hub

FEBRUARY 9, 2024

Prior to the current hype cycle, generative machine learning tools like the “Smart Compose” feature rolled out by Google in 2018 weren’t heralded as a paradigm shift, despite being harbingers of today’s text generating services. Here are some important current AI trends to look out for in the coming year.

Cost-Benefit 94

Cost-Benefit Modeling Data-driven Enterprise 94

O'Reilly on Data

MAY 11, 2020

Regardless of how we think of ourselves, humans aren’t terribly good at trading off short-term stimulus against long-term benefits. YouTube’s algorithm was measuring what kept viewers there the longest, not what they wanted to see, and feeding them more of the same. In a highly specific, short-term sense, possibly.

Modeling 192

Modeling Advertising Recreation/Entertainment Metrics 192