Smart Data Collective

NOVEMBER 19, 2020

This article is about the phenomenon of Agile Portfolio Management, its benefits, and a step-by-step plan of how to implement it. While working on a project, teams are free to choose the optimal workload, deadlines and resource allocation. Building a smart Agile portfolio benefits from the right software and infrastructure.

Management 119

Management Cost-Benefit Strategy Software 119

CIO Business Intelligence

JUNE 26, 2023

billion to help enterprises optimize their IT expenditure, particularly cloud costs, as they try to navigate uncertain macroeconomic conditions. While ApptioOne can be used by enterprises to manage hybrid cloud, Apptio Cloudability can be used to monitor public cloud spending and expenditure optimization.

Optimization 92

Optimization Cost-Benefit IT Consulting 92

Smart Data Collective

DECEMBER 30, 2020

One of the most important applications of big data technology lies with inventory management and optimization. Understanding the Best Data-Driven Inventory Optimization Applications for the Coming Year. This is the best inventory optimization software for 2021, according to the latest research updated in December 2020 by Business.org.

Data-driven 99

Data-driven Software Optimization Big Data 99

IBM Big Data Hub

JANUARY 25, 2024

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 trillion, up from USD 864 billion in 2019 to 2020. regulations, undergoing digital transformation and the need for cost-cutting.

Optimization 73

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 73

CIO Business Intelligence

MAY 23, 2022

Enterprises moving their artificial intelligence projects into full scale development are discovering escalating costs based on initial infrastructure choices. Many companies whose AI model training infrastructure is not proximal to their data lake incur steeper costs as the data sets grow larger and AI models become more complex.

Experimentation 137

Experimentation Cost-Benefit Data Lake Data Science 137

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

As adoption has grown, some enterprises found that the theoretical advantages of data processing in the cloud can be more challenging to deliver in practice, with constant monitoring and manual intervention required to optimize resources and realize potential savings. Efficient usage of cloud services is easier said than done, however.

Data Warehouse 130

Data Warehouse Cost-Benefit Data Lake Software 130

Jet Global

JUNE 24, 2020

Here are some engineering KPI examples that you can apply to your research and development team: Existing Product Support Cost – This engineering KPI tracks how much it costs your company to support existing product lines relative to how much revenue they generate each year.

Metrics 98

Metrics Reporting KPI Key Performance Indicator 98

CIO Business Intelligence

NOVEMBER 13, 2023

The growth rate for online purchases spiked to 32% in 2020 and has continued to grow by double digits since then. 1 But despite some of the benefits of online sales, this isn’t all good news for retailers. Decrease costs Edge computing can also impact customer experiences in a way that decreases costs. May 2022. [2]

Cost-Benefit 131

Cost-Benefit Sales Data-driven Statistics 131

datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Without real-time insight into their data, businesses remain reactive, miss strategic growth opportunities, lose their competitive edge, fail to take advantage of cost savings options, don’t ensure customer satisfaction… the list goes on. Benefits Of Implementing a BI Strategy. Table of Contents.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

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. erwin DM 2020 is an essential source of metadata and a critical enabler of data governance and intelligence efforts. erwin Data Modeler: Where the Magic Happens.

Data Governance 144

Data Governance Modeling Metadata Unstructured Data 144

AWS Big Data

OCTOBER 30, 2024

Amazon Redshift is a fast, scalable, secure, and fully managed cloud data warehouse that makes it simple and cost-effective to analyze your data using standard SQL and your existing business intelligence (BI) tools. He was the CEO and co-founder of DataRow, which was acquired by Amazon in 2020.

Data Warehouse 110

Data Warehouse Sales Data Lake Recreation/Entertainment 110

CIO Business Intelligence

DECEMBER 1, 2023

IT leaders looking for a blueprint for staving off the disruptive threat of generative AI might benefit from a tip from LexisNexis EVP and CTO Jeff Reihl: Be a fast mover in adopting the technology to get ahead of potential disruptors. We will pick the optimal LLM. We use AWS and Azure.

Cost-Benefit 128

Cost-Benefit Machine Learning Digital Transformation Deep Learning 128

Smart Data Collective

SEPTEMBER 7, 2021

Here’s a brief overview of the top benefits it brings: A better understanding of the customer. Setting the optimal prices. Apart from all-above pros of big data, leading global retailers use it to their benefit in the unique way. As a result, in 2020, Asos announced a 19% growth in revenue when the pandemic hit.

Big Data 145

Big Data Technology Predictive Analytics Cost-Benefit 145

CIO Business Intelligence

APRIL 19, 2023

Stemmer Distribution, the largest French company to provide dental products to healthcare professionals since 1978, was able to reduce costs while improving their customer experience with the help of Avaya. As 2020 drew to a close, Stemmer Distribution realized that its old infrastructure was outdated, inefficient, and costly.

Cost-Benefit 98

Cost-Benefit Digital Transformation Data Processing Optimization 98

AWS Big Data

MARCH 12, 2024

Our commitment to efficiency is unwavering, and we’ve undertaken an exciting initiative to optimize our batch processing jobs. Background In late 2020, GoDaddy’s data platform initiated its AWS Cloud journey, migrating an 800-node Hadoop cluster with 2.5 This methodology has become our guide in the pursuit of efficiency.

Cost-Benefit 115

Cost-Benefit Big Data Optimization Metrics 115

Smart Data Collective

NOVEMBER 3, 2021

Web developers are using AI technology to optimize the user experience and execute their designs more quickly. More companies are discovering the benefits of using AI technology to streamline the website design process. It’s also important that you optimize both your site and content for better search engine rankings.

Cost-Benefit 137

Cost-Benefit Optimization Visualization Data-driven 137

datapine

JUNE 15, 2023

Keep reading to find a definition, benefits, examples, and some key best practices to generate them successfully! Let’s dive deeper into the benefits below. On the contrary, organizations that fail to implement online data analysis tools to track and optimize their performance will simply stay behind.

Reporting 207

Reporting Dashboards Cost-Benefit Sales 207

Smart Data Collective

JANUARY 11, 2023

billion on big data marketing in 2020 and this figure is likely to grow further in the years to come. Some of the case studies on the benefits of data-driven marketing are quite promising. Most of the discussions on the benefits of big data in marketing focus on technology businesses. Businesses spent over $14.2

Data-driven 122

Data-driven Marketing Advertising Big Data 122

CIO Business Intelligence

AUGUST 13, 2024

The IDC CIO Sentiment Survey has consistently shown automation climbing the priority list since 2020. Unlike traditional approaches, deep automation is holistic, adaptive, and evolutive, prioritizing human-machine partnership and customer experience for optimal efficiency and impact.

Data-driven 130

Data-driven Metrics Optimization Machine Learning 130

datapine

SEPTEMBER 27, 2022

Amongst the various topics that it covers, ”SQL Performance Explained” offers knowledge into: Correctly applying SQL functions Using indexes correctly How to use LIKE queries efficiently How to optimize join operations Data clustering Database scalability. Alan Beaulieu’s “Learning SQL” is another of our top database books for beginners.

Business Intelligence 292

Business Intelligence Data Warehouse Data Processing Data mining 292

AWS Big Data

MAY 17, 2023

Credit: Phil Goldstein Jerry Wang, Peloton’s Director of Data Engineering (left), and Evy Kho, Peloton’s Manager of Subscription Analytics, discuss how the company has benefited from using Amazon Redshift. As Peloton’s use of Amazon Redshift has evolved and matured, its costs have gone down, according to Wang.

Data Warehouse 126

Data Warehouse Cost-Benefit Sales Data-driven 126

Smart Data Collective

JULY 26, 2021

Companies need to analyze data to optimize their business models in a variety of ways. It’s cost-effective and flexible, and you can benefit from hiring top-level talents that will be dedicated to your project only. These benefits include: Improving training. So, what are the benefits, you may ask? Cost-Efficiency.

Data Analytics 126

Data Analytics Analytics Cost-Benefit KPI 126

CIO Business Intelligence

DECEMBER 9, 2022

In 2020, it began incorporating SAP Employee Central for human resources, Analytics Cloud, and S/4HANA enterprise resource planning (ERP) software designed specifically for the challenges faced by large enterprises. Among the many features on the platform: Universal Journal, a simplified storage mechanism optimizing financial operations.

Digital Transformation 111

Digital Transformation Cost-Benefit Optimization Finance 111

CIO Business Intelligence

MAY 23, 2023

A 2022 survey of innovation and business strategy conducted by the International Monetary Fund found that 40% of innovation-oriented companies (SMBs to large enterprises) reduce costs as a result of new product innovations which, on average, account for 20% of all sales. With the promise of 2.5

Enterprise 98

Enterprise Cost-Benefit Interactive Data Processing 98

CIO Business Intelligence

MARCH 29, 2022

For the past decade, process mining specialist Celonis has been helping enterprises optimize processes around their ERP systems — and more recently has branched out to help them optimize their use of workflow automation platforms, too. The benefits flow the other way, too, said Kerremans. “If in October 2021.

IT 98

IT Enterprise Optimization Cost-Benefit Optimization 98

Smart Data Collective

SEPTEMBER 14, 2020

The benefits that it offers are abundantly clear. One of the biggest benefits is through personalized recommendations. We talked about the benefits of business dashboards before , but web dashboards have their own benefits. In 2020, there are hardly any apps that do not come with a dashboard.

Dashboards 108

Dashboards Data Analytics Analytics Big Data 108

AWS Big Data

APRIL 25, 2024

However, as data volumes continue to grow, optimizing data layout and organization becomes crucial for efficient querying and analysis. To address this challenge, common practices like partitioning and bucketing can significantly improve query performance and reduce computation costs.

Optimization 72

Optimization Data Lake Cost-Benefit Reporting 72

CIO Business Intelligence

JANUARY 9, 2023

When the world’s largest healthcare company by revenue went looking for a technology solution that could improve quality of care while reducing costs, the search took ten years. Healthcare companies already applying graph databases and graph analytics are experiencing the benefits. 1] [link] [2] [link]. IT Leadership.

Analytics 104

Analytics Cost-Benefit Visualization Risk 104

CIO Business Intelligence

AUGUST 17, 2022

Check Point Research reported recently that it found 50% more cyberattack attempts per week on corporate networks globally in 2021 compared with 2020. Cybercrime cost U.S. You’re able to take a set-it-an-forget-it approach, and then focus more on how to leverage AIOps for your benefit. businesses more than $6.9

Enterprise 111

Enterprise Cost-Benefit Snapshot Data-driven 111

CIO Business Intelligence

AUGUST 2, 2023

Benefits of composable architecture Embracing a composable architecture empowers your business to compose building blocks with unparalleled flexibility, opening doors to new opportunities for innovation. This gradual progression allows for seamless adaptation and continuous improvement, keeping your business at the forefront of innovation.

Cost-Benefit 98

Cost-Benefit Experimentation Digital Transformation Optimization 98

John Wheeler

NOVEMBER 25, 2020

Gartner’s 2020 expanded coverage of IRM use cases (see figure below) coincides with rapidly evolving customer demands linked to crisis response and recovery efforts. This need for IRM is reflected in our most recent Gartner CEO Survey where CEOs identified risk management as one of their top priorities in 2020 & 2021 (see figure below).

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

Cloudera

AUGUST 3, 2021

January 2020 is a distant memory, but for most, the early days of the pandemic was a time that will be ingrained in memories for decades, if not generations. Consider that e-commerce’s acceleration due to the pandemic saw retailers’ digital sales penetration realize 10 years of growth in just the first three months of 2020 alone. .

Analytics 111

Analytics Digital Transformation Forecasting Risk 111

datapine

APRIL 14, 2022

And when you consider that by the year 2020, 1.7 Big data can serve to deliver benefits in some surprising areas. By preventing customers to drive to the store location and buy or search for their needed items, the company can focus more on diminishing its environmental footprint by optimizing its shipment and packaging processes.

Big Data 244

Big Data Recreation/Entertainment Analytics Data-driven 244

Smart Data Collective

MAY 10, 2022

billion in 2020. According to fraud detection firm Feedzai, banking fraud attempts soared 159% from the final three months of 2020 to the first quarter of 2021, with the majority performed online. billion to bank fraud in 2021 , up 70% from 2020. Doing so saves time for the agent and customer and reduces cost.

Marketing 128

Marketing Technology Insurance Machine Learning 128

CIO Business Intelligence

MARCH 14, 2022

Decisions are often made under some degree of uncertainty; 100% certainty is generally impossible, not necessary, and can be prohibitively expensive in terms of cost or time. So, it follows that there’s an optimal level of data where collecting further information won’t be worth the added cost. I call this point data saturation.

Uncertainty 105

Uncertainty Measurement Cost-Benefit Optimization 105

Smart Data Collective

JULY 2, 2019

We have heard experts all over the world talk about the benefits of big data in renewable energy. Better distribution, cost savings, technical improvements and, above all, the optimization of resources are some of the spaces that are opened up thanks to new technologies. Here are some of their findings.

Data Analytics 96

Data Analytics Internet of Things Analytics Big Data 96

Smart Data Collective

DECEMBER 9, 2021

This has had some tangible beneficial effects — the unemployment rate for accountants was 3% lower than the national average in 2020, no doubt due in some part to 85% of accounting firms being more likely to let employees work remotely, even after the pandemic.

Technology 133

Technology Big Data Machine Learning Deep Learning 133