Smart Data Collective

JANUARY 27, 2022

This blog post will explore 5 ways to make the most of your IT budget while creating a data strategy in 2022. #1 Not only will this improve productivity, but it can also lead to cost savings down the road. One of the biggest ways to make the most of your IT budget in 2022 is through network infrastructure upgrades.

Optimization 124

Optimization IT Big Data Cost-Benefit 124

CIO Business Intelligence

FEBRUARY 27, 2023

Since then, Barioni has taken control of the situation, putting into action a multi-year plan to move over half of Reale Group’s core applications and services to just two public clouds in a quest for cost optimization and innovation. The research was conducted between July and September 2022. Only 2% had a single cloud provider.

Cost-Benefit 143

Cost-Benefit Insurance Enterprise Optimization 143

CIO Business Intelligence

JANUARY 10, 2024

Migrating infrastructure and applications to the cloud is never straightforward, and managing ongoing costs can be equally complicated. Plus, you need to balance the FinOps team’s need for autonomy against the CIO’s need for centralized control to gain economies of scale and avoid runaway costs. Then there’s housekeeping.

Cost-Benefit 124

Cost-Benefit Measurement Optimization Metrics 124

Smart Data Collective

JANUARY 7, 2022

Many major companies have already moved to the cloud and discovered the benefits of doing so. However, some organizations are still unsure of what measures they should take to adapt to the cloud. They might be skeptical of some of the benefits as well. 7 Benefits a cloud-based POS system can give your business in 2022.

Cost-Benefit 126

Cost-Benefit Sales Software Reporting 126

CIO Business Intelligence

MAY 29, 2024

Klarna has been leaning heavily into AI since ChatGPT was launched in November 2022, and the general feeling within the company is that gen AI can help nearly everybody in the organization become more effective, regardless of their skill level or role. AI will benefit humanity in many ways,” says Koushik.

Cost-Benefit 108

Cost-Benefit Measurement Reporting Modeling 108

CIO Business Intelligence

MAY 30, 2024

Following a legislative review of state purchases in fiscal year 2022, the state of Oklahoma discovered that its agencies had procured more than $3 billion worth of goods and services outside the oversight of its Office of Management and Enterprise (OMES) Central Purchasing division. ALPI) is also benefiting from process mining.

IT 140

IT Cost-Benefit Key Performance Indicator Dashboards 140

DataKitchen

MARCH 12, 2024

Key Success Metrics, Benefits, and Results for Data Observability Using DataKitchen Software Lowering Serious Production Errors Key Benefit Errors in production can come from many sources – poor data, problems in the production process, being late, or infrastructure problems. Data errors can cause compliance risks.

Metrics 117

Metrics Software Cost-Benefit Testing 117

CIO Business Intelligence

SEPTEMBER 26, 2024

As a result, SAP is always evolving its security measures to stay ahead of cyber threats. More secure applications benefit the whole company Since its deployment in July of 2022, the FioriDAST project has improved the company’s overall security posture.

Cost-Benefit 110

Cost-Benefit Testing Interactive Machine Learning 110

CIO Business Intelligence

NOVEMBER 7, 2022

Panorama Consulting Solutions, which regularly surveys businesses on the outcomes of their ERP projects, shows in its 2022 report that 81% of projects met ROI expectations a year or more after go-live. That’s made it hard for the team working on the ERP upgrade to keep up, so early in 2022 Invacare decided to put the project on hold. “We

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

CIO Business Intelligence

JANUARY 11, 2023

As the economic pendulum shifts to cost control, CIOs will have to find ways to continue achieving the same results but with less margin for error,” he notes. CIOs will be looking to rationalize their technology estate to reduce unnecessary cost and maintenance, and to minimize their security attack surface and privacy exposure.”

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

Smart Data Collective

APRIL 21, 2021

Moving further, as the title suggests, we are discussing a few benefits that a business might find useful, especially the one that has low capital or just started. . And a small business that has to bear fewer costs on rents, taxes, etc, can fill that gap and take advantage of it. Improved security measurements are accessible.

IoT 125

IoT Internet of Things Manufacturing Cost-Benefit 125

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Obtaining more insight into hidden costs (e.g., IT Leadership

Cost-Benefit 105

Cost-Benefit Business Objectives ROI Risk 105

CIO Business Intelligence

NOVEMBER 10, 2022

This decision (layoffs) was based on cost-reduction initiatives intended to reduce operating expenses and sharpen Zendesk’s focus on key growth priorities,” the company wrote in the SEC filing. Out of the total estimated cost, the company expects to incur $8 million in the fourth quarter of 2022.

Cost-Benefit 98

Cost-Benefit Insurance Software Finance 98

Smart Data Collective

OCTOBER 14, 2022

In the second quarter of 2022, there were over 52 million data breaches. They are looking for new data security measures , such as investing in VPNs. Data is protected as it travels over the open internet via a remote access VPN, which also employs other security measures like encryption. Advantages of remote access VPNs.

Big Data 128

Big Data Cost-Benefit Measurement Risk 128

CIO Business Intelligence

JUNE 28, 2024

And in those cost-saving measures, IT has a vital role, according to IT director Niclas Lamberg. We’ve worked with digital investments for many years, but we haven’t benefited from what we could do when it comes to processing information and presenting it based on what you want to look at.

Cost-Benefit 105

Cost-Benefit Measurement ROI Risk 105

Smart Data Collective

DECEMBER 17, 2021

There are many benefits of digitizing your data to get the most out of your BI strategy. What is the ROI of BI Solutions in 2022? According to the analysis conducted by Gartner , the ROI of BI Solutions can be difficult to measure. It is widely accepted that BI can be used to gain a competitive advantage.

Business Intelligence 124

Business Intelligence Cost-Benefit Dashboards Interactive 124

Smart Data Collective

APRIL 25, 2022

trillion in 2022 and $2.8 It will also help in onboarding new staff so they can hit the ground running and provide a system where you can monitor, measure, and improve the overall user experience. The benefits of digital adoption to your employees trickle down to your customers. The benefits are many, and its effects profound.

Big Data 124

Big Data Cost-Benefit Digital Transformation Technology 124

DataRobot Blog

SEPTEMBER 1, 2022

The latest McKinsey Global Survey on AI proves that AI adoption continues to grow and that the benefits remain significant. But in the COVID-19 pandemic’s first year, many felt more strongly about the cost-savings front than the top line. 1 IDC, MLOps – Where ML Meets DevOps, doc #US48544922, March 2022. Request a Demo.

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Metrics Statistics Modeling Data Science 145

AWS Big Data

JUNE 21, 2024

We added 35 optimizations since the EOY 2022 release, EMR 6.9, with the EOY 2022 release (version 6.9) to demonstrate the latest cost improvements Amazon EMR has achieved. The cost metric can provide us with additional insights. Cost estimates are computed using the following formulas. Total cost $6.54 $11.15 $18.29

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Cost-Benefit Testing Optimization Statistics 119

AWS Big Data

MARCH 12, 2024

We share our benchmarking results and methodology, and insights into the cost-effectiveness of EMR Serverless vs. fixed capacity Amazon EMR on EC2 transient clusters on our data workflows orchestrated using Amazon Managed Workflows for Apache Airflow (Amazon MWAA). By early 2022, we successfully migrated our big data workloads to EMR on EC2.

Cost-Benefit 115

Cost-Benefit Big Data Optimization Metrics 115

CIO Business Intelligence

SEPTEMBER 25, 2023

Consequently, CIOs need to be clear on the outcomes their initiatives will deliver and that they can measure and report on those outcomes in top- and/or bottom-line figures. Am I identifying and using the right business metrics to measure progress? The question to ask is, ‘Am I measuring value and how am I doing it?’”

Digital Transformation 145

Digital Transformation Measurement Data-driven Metrics 145

Smart Data Collective

JANUARY 30, 2023

In 2022, one of the biggest breakthroughs ever was the emergence of AI art. However, there are other benefits of AI in marketing that get less publicity. As AI continues to change the marketing landscape , marketers will keep looking for new ways to automate various processes, reduce the scope of human error and lower costs.

Advertising 116

Advertising Cost-Benefit Marketing Strategy 116

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. In 2022, FanDuel shifted their focus to using data sharing.

Data Warehouse 97

Data Warehouse Cost-Benefit KPI Risk 97

CIO Business Intelligence

APRIL 19, 2022

Meanwhile, the “ 2022 State of Enterprise Tech Employment ” report from Motion Recruitment found that 42% of the total workforce are 1099 workers, independent contractors, or freelancers and that 90% of companies are moving to a blend of full-time and freelance employees. The university extends employee benefits to contract workers.

IT 98

IT Cost-Benefit Strategy Reporting 98

CIO Business Intelligence

SEPTEMBER 14, 2022

IT leaders in EMEA are increasingly leading digital transformation efforts, with 84% of CIOs saying they’re responsible for these efforts, according to the Foundry 2022 State of the CIO study. Organizations facing skillset and strategy challenges can benefit from working with an expert managed services and implementation partner.

IT 97

IT Digital Transformation Cost-Benefit Consulting 97

CIO Business Intelligence

NOVEMBER 17, 2023

Managed service provider business model Managed service providers structure their business to offer technology services cheaper than what it would cost an enterprise to perform the work itself, at a higher level of quality, and with more flexibility and scalability. Similarly, adding capacity during temporary business surges can be difficult.

Management 130

Management IT IoT Cost-Benefit 130

CIO Business Intelligence

JUNE 20, 2023

According to GitLab’s 2023 Global DevSecOps Report , 56% of organizations report using DevOps or DevSecOps methodologies, growing roughly 10% from 2022, for improved security, higher developer velocity, cost and time savings, and better collaboration. According to IBM , a single data breach costs $9.4 What is DevSecOps?

Cost-Benefit 98

Cost-Benefit Testing Software Reporting 98

CIO Business Intelligence

JUNE 6, 2023

Despite a volatile economy, corporate venture capital investments in startups fell by only 2% to $192 billion in 2022 , compared to a 25% drop in overall venture capital. In addition, the percentage of corporate-backed deals in early seed rounds increased from 10% in 2021 to 18% in 2022. But CIOs should remain strategic.

Key Performance Indicator 105

Key Performance Indicator Cost-Benefit Enterprise Experimentation 105

CIO Business Intelligence

APRIL 5, 2023

Employers benefitted too, releasing some of their real estate for savings on facility costs and reducing travel expenses. A Gartner HR study recently estimated that 24% of workers would likely shift to a new job in 2022 –and this turnover rate is especially true of knowledge workers who must interact daily with the company’s systems.

Cost-Benefit 116

Cost-Benefit Metrics Measurement Digital Transformation 116

CIO Business Intelligence

OCTOBER 24, 2024

While avatars are by no means, a new phenomenon — many abound in the esoteric worlds of gaming, sci-fi and film, as well as in learning and education — Jesch’s post is, perhaps, among the first of a senior business executive’s use of a genAI alter-ego for personal and business benefit in the course of daily work.

Cost-Benefit 131

Cost-Benefit Data-driven Enterprise Software 131

Smart Data Collective

MAY 30, 2022

The benefits of analytics to understand the customer journey cannot be overstated. These systems necessitated significant human capital investment as well as ongoing maintenance costs. But what are the benefits for companies trying to use it to improve their customer analytics platform? billion by 2022.

Customer Analytics 130

Customer Analytics Management Analytics Data Processing 130

Andrew White

JANUARY 9, 2022

On Thursday January 6th I hosted Gartner’s 2022 Leadership Vision for Data and Analytics webinar. Which trends do you see for 2022 in AI & ML technology and tools and tool capabilities? We will publish a new Top Trends for D&A for 2022 in a couple of months. The last item should be updated in 2022.

Analytics 64

Analytics Measurement Data-driven Modeling 64

CIO Business Intelligence

JANUARY 11, 2023

As its business diversified, including its own acquisition by Hornblower Group in early 2022, Journey Beyond inherited a range of disparate technology systems, including six different phone systems and an outdated contact center that was only servicing Journey Beyond’s rail journeys. The high call volumes meant huge costs for us.

IT 119

IT Cost-Benefit Consulting Data Processing 119

CIO Business Intelligence

SEPTEMBER 12, 2023

The hype around generative AI since ChatGPT’s launch in November 2022 has driven some software vendors to rush to incorporate the technology into their applications. Despite being an early adopter of AI in general, Salesforce has taken a more measured approach to generative AI.

IT 116

IT Metadata Data Lake Cost-Benefit 116

Smart Data Collective

MARCH 28, 2022

There are some awesome benefits of creating a business on Amazon. You can leverage these benefits even more by utilizing big data. As of 2022, Amazon.com is the most popular e-commerce platform in the US, with two billion visits every month. This is a benefit that other ecommerce platforms don’t offer.

Data-driven 126

Data-driven Big Data Advertising Cost-Benefit 126

IBM Big Data Hub

FEBRUARY 6, 2024

A prime benefit of cloud computing for business is its flexibility for quickly and efficiently scaling resources to meet business demands, freeing organizations from investing time and expense into expanding their own physical IT infrastructure. Automation Automation tools are a significant feature of cloud-based infrastructure.

Cost-Benefit 98

Cost-Benefit Digital Transformation Software Internet of Things 98

IBM Big Data Hub

NOVEMBER 8, 2023

The change, challenge and benefits are here FDA FSMA will have significant global implications for traceability. We saw this happen between Dole and Walmart in 2022 when a particular brand of lettuce—Ocean Mist Farms brand Romaine Hearts—had to be recalled.

Cost-Benefit 106

Cost-Benefit Consulting Risk Reporting 106