Smart Data Collective

JUNE 27, 2022

Data-driven businesses are far more successful than companies that don’t utilize data to their advantage. Unfortunately, they often find that managing their data effectively can be a challenge. Companies that rely on big data need a reliable IT department. Keep reading to learn how to do this.

Data-driven 122

Data-driven Management IT Big Data 122

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. Simultaneously, major decisions were made to unify the company’s data and analytics platform.

IT 105

IT Insurance Consulting Risk 105

datapine

NOVEMBER 27, 2019

Data exploded and became big. Spreadsheets finally took a backseat to actionable and insightful data visualizations and interactive business dashboards. The rise of self-service analytics democratized the data product chain. 2019 was a particularly major year for the business intelligence industry.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

erwin

DECEMBER 13, 2018

This past year witnessed a data governance awakening – or as the Wall Street Journal called it, a “global data governance reckoning.” There was tremendous data drama and resulting trauma – from Facebook to Equifax and from Yahoo to Marriott. So what’s on the horizon for data governance in the year ahead?

Data Governance 91

Data Governance IoT Internet of Things Data-driven 91

Smart Data Collective

JULY 17, 2019

Big data and artificial intelligence technology is going to play an extremely important role in the near future in the future of senior care. The benefits of this are threefold: Artificial intelligence-driven robots reduce the need for human workers. Addressing specific health risks facing seniors.

Machine Learning 106

Machine Learning Cost-Benefit Advertising IoT 106

Cloudera

DECEMBER 17, 2024

Since 5G networks began rolling out commercially in 2019, telecom carriers have faced a wide range of new challenges: managing high-velocity workloads, reducing infrastructure costs, and adopting AI and automation. As more data is processed, carriers increasingly need to adopt hybrid cloud architectures to balance different workload demands.

Enterprise 62

Enterprise Data Architecture Data-driven Optimization 62

Jet Global

MARCH 13, 2019

As data stores scale and business need for advanced analytics and modeling get more desperate, only business intelligence software is uniquely situated to assist businesses with both the data warehousing and analytics needs required to respond to situations or market changes that can sometimes occur faster than they can react.

Business Intelligence 85

Business Intelligence Data Science Software Enterprise 85

Corinium

JUNE 6, 2019

Are you seeing currently any specific issues in the Insurance industry that should concern Chief Data & Analytics Officers? Lack of clear, unified, and scaled data engineering expertise to enable the power of AI at enterprise scale. Regulations and compliance requirements, especially around pricing, risk selection, etc.,

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

O'Reilly on Data

MARCH 31, 2020

AI products are automated systems that collect and learn from data to make user-facing decisions. All you need to know for now is that machine learning uses statistical techniques to give computer systems the ability to “learn” by being trained on existing data. Why AI software development is different.

Management 363

Management Machine Learning Experimentation Metrics 363

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

bridgei2i

NOVEMBER 20, 2020

Episode 2: AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. Today the Chief Risk Officers(CROs) struggle with the critical task of monitoring and assessing key risks in real time and firefight to mitigate any critical issues that arise.

Risk Management 92

Risk Management Risk Management Metrics 92

Smart Data Collective

SEPTEMBER 22, 2021

Data breaches have become much more common in recent years. One estimate shows that over 37 billion data records were exposed last year. The risk of data breaches will not decrease in 2021. Every business out there is now forced to become an internet business, which makes them more dependent on data.

Statistics 133

Statistics Risk Measurement Software 133

Smart Data Collective

SEPTEMBER 30, 2022

The landscape of blockchain-driven solutions: from 2018 to 2022. In 2018-2019, budding blockchain-based advertising projects provided the first opportunity to buy clean and secure traffic, enriched with genuine data about ad campaign performance. Globally, ad fraud will most certainly cost advertisers $81 billion in 2022.

Advertising 145

Advertising Marketing Technology Uncertainty 145

Peter James Thomas

JULY 24, 2019

Here is an expanded version of what I wrote: Let’s start by considering some related questions: Why are so many businesses still doing a bad job of controlling their costs in 2019? Why are so many businesses still doing a bad job of integrating their acquisitions in 2019? This has some of its own specific pitfalls.

Management 77

Management Advertising Cost-Benefit Data-driven 77

datapine

MAY 9, 2019

“Without big data, you are blind and deaf and in the middle of a freeway.” – Geoffrey Moore, management consultant, and author. In a world dominated by data, it’s more important than ever for businesses to understand how to extract every drop of value from the raft of digital insights available at their fingertips.

Business Intelligence 270

Business Intelligence Dashboards Data Warehouse Visualization 270

Smart Data Collective

OCTOBER 22, 2020

Businesses in 2021 need to take a more data-driven approach than ever before. This entails utilizing big data for marketing, optimizing finances and addressing countless other purposes. However, big data has also created some concerns for many businesses. Their internal data could be exposed.

Big Data 134

Big Data Data-driven Reporting Finance 134

erwin

OCTOBER 31, 2019

Do you know where your data is? What data you have? Add to the mix the potential for a data breach followed by non-compliance, reputational damage and financial penalties and a real horror story could unfold. s Information Commissioner’s Office had levied against both Facebook and Equifax for their data breaches.

Data Governance 105

Data Governance Metadata Risk Data Lake 105

Smart Data Collective

NOVEMBER 9, 2021

The average consumer is unaware of the phenomenal benefits that big data provides. One of the biggest benefits of big data is that it can help improve driver safety. Data analytics technology is becoming more useful when it comes to stopping traffic accidents. Big Data is the Key to Addressing Driver Safety Risks.

Big Data 140

Big Data Manufacturing Risk Insurance 140

Domino Data Lab

JUNE 2, 2019

Co-chair Paco Nathan provides highlights of Rev 2 , a data science leaders summit. We held Rev 2 May 23-24 in NYC, as the place where “data science leaders and their teams come to learn from each other.” Nick Elprin, CEO and co-founder of Domino Data Lab. First item on our checklist: did Rev 2 address how to lead data teams?

Data Science 110

Data Science Data-driven Machine Learning Modeling 110

erwin

JANUARY 30, 2020

I’m excited to share the results of our new study with Dataversity that examines how data governance attitudes and practices continue to evolve. Defining Data Governance: What Is Data Governance? . 1 reason to implement data governance. Constructing a Digital Transformation Strategy: How Data Drives Digital.

Data Governance 145

Data Governance Metadata Cost-Benefit Digital Transformation 145

Smart Data Collective

SEPTEMBER 7, 2021

Technologies became a crucial part of achieving success in the increasingly competitive market, including big data and analytics. Big data in retail help companies understand their customers better and provide them with more personalized offers. Big data is a not new concept, and it has been around for a while. Source: Statista.

Big Data 145

Big Data Technology Predictive Analytics Cost-Benefit 145

Smart Data Collective

JANUARY 14, 2021

In 2019, Forbes published an article showing that machine learning can increase productivity of the financial services industry by $140 billion. While this obviously means that there is more risk, it also gives more informed investors a chance to beat market benchmarks. Making more accurate extrapolations from limited financial data.

Predictive Analytics 114

Predictive Analytics Forecasting Analytics Machine Learning 114

CIO Business Intelligence

AUGUST 23, 2024

As cyber threats become more sophisticated, educational institutions are compelled to provide their students with the skills necessary to navigate and mitigate these risks effectively. According to the 2020 Cost of a Data Breach Report by IBM, the average total cost of a data breach globally reached $3.86

Testing 111

Testing Statistics Risk Data-driven 111

erwin

OCTOBER 24, 2019

Untapped data, if mined, represents tremendous potential for your organization. While there has been a lot of talk about big data over the years, the real hero in unlocking the value of enterprise data is metadata , or the data about the data. They don’t know exactly what data they have or even where some of it is.

Metadata 104

Metadata Management Data-driven Data Architecture 104

Sisense

FEBRUARY 9, 2021

In 2019, Dr. Ryan Madder from Spectrum Health performed a series of simulated remote percutaneous coronary interventions (PCIs) via a control station outside of Boston. Data-driven health care. Data is the most valuable commodity in medicine,” Doug said. Creating innovations this incredible comes with unique challenges.

Data-driven 144

Data-driven Optimization Risk Strategy 144

CIO Business Intelligence

JUNE 12, 2023

In 2012, COBIT 5 was released and in 2013, the ISACA released an add-on to COBIT 5, which included more information for businesses regarding risk management and information governance. The ISACA announced an updated version of COBIT in 2018, ditching the version number and naming it COBIT 2019.

Risk Management 94

Risk Management Strategy Digital Transformation Enterprise 94

Smart Data Collective

FEBRUARY 19, 2020

Lenders are tightening their actuarial criteria and employing data driven decision making capabilities. If a company is looking to borrow money, they need to understand how big data has changed the process. They need to adapt their borrowing strategy to the new big data algorithms to improve their changes of securing a loan.

Big Data 117

Big Data Data mining Risk Data-driven 117

datapine

DECEMBER 4, 2019

Predictive analytics is the practice of extracting information from existing data sets in order to forecast future probabilities. Applied to business, it is used to analyze current and historical data in order to better understand customers, products, and partners and to identify potential risks and opportunities for a company.

Business Intelligence 212

Business Intelligence Prescriptive Analytics Analytics Predictive Analytics 212

Smart Data Collective

NOVEMBER 25, 2021

Data privacy concerns have become greater than ever in recent years. One recent study from the University of Maryland found that there is a data breach every 39 seconds. The threat of data breaches has become a lot greater in recent years as more businesses and consumers become dependent on big data. What Research Shows.

Big Data 122

Big Data Risk Data-driven ROI 122

CIO Business Intelligence

OCTOBER 18, 2023

For instance, the company completed its conversion to a 100% Agile company in 2019, an achievement that reinforced its commitment to clients. So since the brand began this journey, the main objective has been to execute a corporate strategy by betting on the possibilities that technology provides in combination with people and data.

Insurance 128

Insurance Digital Transformation Interactive Sales 128

CIO Business Intelligence

MAY 29, 2024

For many, this spring’s RSA show was an energized, optimistic experience, similar to the pre-pandemic years of 2017-2019. Enterprises are investing significant budget dollars in AI startups focused on threat detection, identity verification and management, cloud/data security, and deception security. For CISOs, the messages were clear.

Machine Learning 133

Machine Learning Enterprise Data-driven Modeling 133

CIO Business Intelligence

APRIL 15, 2022

In 2017, The Economist declared that data, rather than oil, had become the world’s most valuable resource. Organizations across every industry have been and continue to invest heavily in data and analytics. But like oil, data and analytics have their dark side. The algorithm learned to identify children, not high-risk patients.

Analytics 145

Analytics Machine Learning Insurance Testing 145

erwin

NOVEMBER 14, 2019

Data governance tools used to occupy a niche in an organization’s tech stack, but those days are gone. The rise of data-driven business and the complexities that come with it ushered in a soft mandate for data governance and data governance tools. It is also used to make data more easily understood and secure.

Data Governance 105

Data Governance Cost-Benefit Data-driven Metadata 105

Smart Data Collective

APRIL 13, 2021

In the modern world of business, data is one of the most important resources for any organization trying to thrive. Business data is highly valuable for cybercriminals. They even go after meta data. Big data can reveal trade secrets, financial information, as well as passwords or access keys to crucial enterprise resources.

Testing 131

Testing Behavioral Analytics Data-driven Big Data 131

erwin

MARCH 4, 2021

Modern data governance is a strategic, ongoing and collaborative practice that enables organizations to discover and track their data, understand what it means within a business context, and maximize its security, quality and value. The What: Data Governance Defined. Data governance has no standard definition.

Data Governance 122

Data Governance Digital Transformation Data-driven Cost-Benefit 122

CIO Business Intelligence

FEBRUARY 15, 2024

As Henkel CDIO Michael Nilles puts it, by 2019, Marc Andreessen’s pronouncement that “software is eating the world” had come true for the CPG sector, and Henkel was at risk of falling behind. “We We took it seriously and said we need to have software, data, and AI capabilities,” says Nilles, who signed on to the CDIO role at the time.

B2B 138

B2B Machine Learning Optimization Software 138

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

by THOMAS OLAVSON Thomas leads a team at Google called "Operations Data Science" that helps Google scale its infrastructure capacity optimally. But looking through the blogosphere, some go further and posit that “platformization” of forecasting and “forecasting as a service” can turn anyone into a data scientist at the push of a button.

Forecasting 115

Forecasting Data Science Statistics Uncertainty 115