Rocket-Powered Data Science

MARCH 19, 2021

trillion by 2030. trillion by 2030.”. With its vast assortment of sensors and streams of data that yield digital insights in situ in almost any situation, the IoT / IIoT market has a projected market valuation of $1.5 One group has declared , “IoT companies will dominate the 2020s: Prepare your resume!”

Internet of Things 259

Internet of Things Analytics IoT Prescriptive Analytics 259

CIO Business Intelligence

MARCH 19, 2025

In a report released in early January, Accenture predicts that AI agents will replace people as the primary users of most enterprise systems by 2030. Meanwhile, in December, OpenAIs new O3 model, an agentic model not yet available to the public, scored 72% on the same test. And thats just the beginning. Devin scored nearly 14%.

Software 143

Software Risk Cost-Benefit Enterprise 143

CIO Business Intelligence

NOVEMBER 13, 2024

One is going through the big areas where we have operational services and look at every process to be optimized using artificial intelligence and large language models. But a substantial 23% of respondents say the AI has underperformed expectations as models can prove to be unreliable and projects fail to scale.

IT 141

IT Consulting ROI Cost-Benefit 141

IBM Big Data Hub

OCTOBER 17, 2023

The Paris Agreement on climate change also mandates that these industries will need to reduce annual emissions by 12-16% by 2030. Foundation models make AI more scalable by consolidating the cost and effort of model training by up to 70%. Today, foundation models are used mostly in natural language processing.

Modeling 96

Modeling Optimization Manufacturing Data-driven 96

CIO Business Intelligence

DECEMBER 18, 2023

From climate modelling to energy management, optimizing renewable energy and adapting to extreme weather events, AI is deploying its power to improve our fight against climate change. billion USD to the global economy by 2030 and reduce greenhouse gas emissions by 4%.

Consulting 119

Consulting Manufacturing Machine Learning Measurement 119

CIO Business Intelligence

AUGUST 9, 2024

from 2024 to 2030 1 , energy consumption has become a major concern. Data centers consume about 1-2% of the world’s electricity 2 , expected to double by 2030. Extreme wildfires are predicted to increase 14% by 2030 and 30% by 2050 6. As the data center market expands, at an estimated growth rate of 10.5% That’s a lot of energy.

Measurement 110

Measurement Optimization Data-driven Forecasting 110

CIO Business Intelligence

JANUARY 22, 2024

However, understanding what’s going on with some large language models (LLMs) in terms of how they’ve been trained, and on what data and whether the outputs can be trusted, is another matter considering the increasing rate of hallucinations. Gartner estimates that by 2030, synthetic data will overtake the use of real data in AI models.

Data Strategy 132

Data Strategy Strategy Data-driven Enterprise 132

CIO Business Intelligence

SEPTEMBER 2, 2022

As an extension of the country’s Vision 2030, the Saudi Data and AI Authority (SDAIA) was established in 2019, followed by the release of the National Strategy for Data and AI in 2020. Canada, China, and the United States are among the countries in which many organizations began their AI journeys early, supported by government initiatives.

Forecasting 98

Forecasting Data Governance Big Data Strategy 98

CIO Business Intelligence

SEPTEMBER 2, 2022

As an extension of the country’s Vision 2030, the Saudi Data and AI Authority (SDAIA) was established in 2019, followed by the release of the National Strategy for Data and AI in 2020. Canada, China, and the United States are among the countries in which many organizations began their AI journeys early, supported by government initiatives.

Forecasting 98

Forecasting Data Governance Big Data Strategy 98

Smart Data Collective

DECEMBER 22, 2021

It is crucial to business growth , as companies transition to more digital business models. Companies around the world are projected to spend over $684 billion on big data by 2030. You will want to be aware of the benefits that it offers to your own business, so you can use it to your advantage.

Big Data 145

Big Data Forecasting Data-driven ROI 145

CIO Business Intelligence

MAY 15, 2024

between 2020 and 2030. The EU model For now, the EU reporting mandates — as well as any potential energy-reduction regulations following the reports — apply only to data centers located in EU nations. project an annual data center growth rate of 10% or more through 2030. Several analyst firms, including McKinsey & Co.

Reporting 111

Reporting Measurement Data-driven Modeling 111

Smart Data Collective

MAY 13, 2022

trillion on AI by 2030 ? Before you can have AI-driven apps, you need to train a machine learning model to do the work. Did you know that global companies are projected to spend nearly $1.6 The demand for AI services is growing due to the many powerful benefits it offers. AI is undoubtedly a gamechanger for business intelligence.

Business Analytics 141

Business Analytics Analytics Unstructured Data Data-driven 141

CIO Business Intelligence

OCTOBER 16, 2023

According to Forrester , GenAI will have an average annual growth rate of 36% up to 2030, capturing 55% of the AI software market. GenAI models can generate realistic images, compose music, write text, and even design virtual worlds. GenAI focuses on the creation of new content, generating outputs that are original and novel.

Forecasting 137

Forecasting Machine Learning Data-driven Software 137

Smart Data Collective

MARCH 23, 2022

billion on AI by 2030. Utilizing advanced heuristics and AI modeling OEMs can simulate a multitude of conditions, fast-tracking these models using automation. OEMs also utilize live feedback from the vehicles they have produced to create predictive AI models. AI technology is becoming an integral part of many industries.

Internet of Things 131

Internet of Things IoT Cost-Benefit Testing 131

CIO Business Intelligence

JANUARY 28, 2025

In the coming years, the region will see a surge in investments focused on AI capabilities, spanning areas such as data governance, cloud infrastructures, foundation models, and the architecture needed to support these advanced technologies.

Digital Transformation 52

Digital Transformation Data-driven Experimentation Strategy 52

CIO Business Intelligence

APRIL 11, 2024

The importance of education in supporting the success of Saudi Vision 2030 cannot be overstated. Thus, the digital transformation of the education sector is another important part of Vision 2030’s success, to ensure young people in the Kingdom have the right skills for the future world of work.

Technology 105

Technology Digital Transformation Experimentation Testing 105

CIO Business Intelligence

SEPTEMBER 11, 2024

Fusion Data Intelligence — which can be viewed as an updated avatar of Fusion Analytics Warehouse — combines enterprise data, ready-to-use analytics along with prebuilt AI and machine learning models to deliver business intelligence.

Contextual Data 116

Contextual Data Key Performance Indicator Dashboards Data-driven 116

CIO Business Intelligence

JANUARY 24, 2023

Ericsson is committed to halving carbon emissions by 2030 while Scania’s electrification commitment stipulates that half its vehicle sales are to be battery-electric vehicles (BEV) by 2030.

Digital Transformation 94

Digital Transformation Manufacturing Sales Technology 94

Smart Data Collective

AUGUST 29, 2022

Predictive analytics uses historical data to predict future trends and models , determine relationships, identify patterns, find associations, and more. The applications of predictive analytics based on ML are countless and include sales forecasting, risk evaluation, financial modeling, predictive maintenance, inventory forecasting, etc.

Analytics 132

Analytics Predictive Analytics Machine Learning Insurance 132

CIO Business Intelligence

SEPTEMBER 9, 2022

trillion by 2030, and by singularly responsible for a 26 per cent boost in the GDP of local economies. Organisations still struggle to connect the algorithms they are building to a business value proposition, which makes it difficult for IT and business leadership to justify the investment it requires to operationalise models.”.

Testing 144

Testing Data Processing Machine Learning Business Intelligence 144

CIO Business Intelligence

FEBRUARY 26, 2024

Instead, many digitized analog-first processes and bolted them onto aging operating models. Companies will miss out if they make assumptions about business and operational models without reflecting on the possibilities afforded by AI. In short, modern operating models will be the enabler of business transformation.

Cost-Benefit 137

Cost-Benefit Modeling Data-driven Enterprise 137

CIO Business Intelligence

SEPTEMBER 10, 2024

Invest in data quality: GenAI models are only as good as the data they’re trained on -with GenAI, mistakes can be amplified at speed. A recent McKinsey report found that, although up to 30% of Americans’ work could be automated by 2030 , GenAI will be an enhancement to humans, not a replacement.

Software 124

Software Digital Transformation Testing Advertising 124

CIO Business Intelligence

OCTOBER 23, 2023

This could allow you to run even very large model training workloads without the need for power-hungry cooling systems. To prioritize sustainable development in the country, the government of Singapore created the Singapore Green Plan 2030. For instance, you could deploy in Finland to take advantage of the local climate.

Enterprise 124

Enterprise Digital Transformation Strategy Data Processing 124

CIO Business Intelligence

DECEMBER 6, 2023

Enabling consistency in the data sets from these varied sites is integral to DS Smith’s analytics strategy, as well as for anticipated changes in the company’s technology and business models, Dickson says. We’re not giving that data to anybody else, and we’ll be training the generative AI models with our own data sets,” she says.

Manufacturing 97

Manufacturing Data Lake Digital Transformation Machine Learning 97

CIO Business Intelligence

JULY 26, 2023

For nursing staff alone, the International Centre on Nurse Migration projects a 13 million shortage by 2030, an increase from 6 million pre-pandemic. And the World Health Organization (WHO) predicts that, by 2030, there will be a 15 million shortfall in healthcare workers. Large Language Models (LLMs).

Technology 98

Technology Unstructured Data Forecasting Visualization 98

CIO Business Intelligence

AUGUST 8, 2024

20% cost reduction potential due to more efficient business operations First, the three utilities set up a common business model. million digital water meters will be rolled out by 2030 and maintained by the Smart Water Platform. More than 2.7

Forecasting 119

Forecasting Machine Learning Management Technology 119

CIO Business Intelligence

SEPTEMBER 26, 2023

No customer data will be used to train external foundational AI models, said Bharat Sandhu, the company’s SVP for AI and application development platform. Generative AI really only works as part of a cloud model,” she said. While SAP is opening up its AI assistant to the wider internet, it’s taking care to protect customers’ data.

IT 122

IT Data Processing Forecasting Modeling 122

CIO Business Intelligence

JUNE 10, 2024

With Vision 2030 as its guiding light, the Kingdom is embarking on ambitious projects, steering its course towards a tech-driven future. Saudi Arabia’s rapid stride towards digital transformation is propelled by a concerted effort between the government and private sectors.

Digital Transformation 98

Digital Transformation Data-driven Data Processing Forecasting 98

CIO Business Intelligence

JUNE 1, 2022

The company is applying winning insights from rapid, data-driven, evolutionary models versus relying on engine speed and aerodynamics alone to win races. billion by 2030. which are virtual models of objects, systems, or processes ? and artificial intelligence (AI) and machine learning (ML) technologies. .

Manufacturing 119

Manufacturing Digital Transformation Predictive Analytics Strategy 119

CIO Business Intelligence

MAY 22, 2024

Vietnam’s chip charge will be backed by plans to train 50,000 engineers by 2030. Another ambition based on riding a gathering wave lies in FPT Automotive, launched last year with the aim of generating $1 billion annually by 2030 on the back of designing software-defined vehicles. It has] the potential to become a powerhouse.”

Manufacturing 105

Manufacturing Data Processing Testing Software 105

DataRobot

NOVEMBER 12, 2021

Yet, PwC Research estimates that AI adoption will produce nearly $16 trillion in business growth by the year 2030. That’s a risky business, as constructing AI models from scratch requires countless hours of time and effort, and the results may incorporate biased data and inappropriate algorithms. Process Deficiencies. Policy Faults.

Cost-Benefit 98

Cost-Benefit Machine Learning Sales ROI 98

Smart Data Collective

JULY 21, 2022

More institutions are recognizing this, so the market for data analytics in education is projected to be worth over $57 billion by 2030. It enables the learner to understand building information modeling (BIM) software. Data analytics is incredibly valuable for helping people.

Data-driven 145

Data-driven Big Data Cost-Benefit Data Analytics 145

Smart Data Collective

MAY 8, 2022

billion by 2030. Data Analytics Transforms the Fleet Management Industry’s Customer Service Model. Automation is one of the biggest advantages of integrating data analytics into your fleet management company’s business model. More companies than ever are investing in customer service analytics.

Optimization 122

Optimization Data Analytics Management Analytics 122

CIO Business Intelligence

OCTOBER 2, 2024

Meanwhile, predictive modeling anticipates resource needs and potential infrastructure failures, and anomaly detection allows for prompt identification and mitigation of environmental hazards and security threats. In Asia, Singapore aims to green 80% of its buildings by 2030 as part of its sustainability initiative.

IoT 123

IoT Internet of Things Predictive Modeling Data-driven 123

DataRobot

NOVEMBER 24, 2021

By the year 2030, AI will deliver economic growth of $15.7 But it had trouble predicting sellout volume at scale and automating the necessary modeling and forecasting. To meet these needs, it turned to AI, running the DataRobot AI Cloud on AWS instead of following its previously backbreaking, manual model-building process.

Cost-Benefit 98

Cost-Benefit ROI Data-driven Predictive Modeling 98

CIO Business Intelligence

SEPTEMBER 26, 2024

What it calls an “offboarding phase” will be followed by optional extended maintenance until the end of 2030. Bickley agreed, noting, “CIOs need to proactively plan for the ERP shift from legacy perpetual, on-premises licensing models to the new cloud subscription model, coupled with re-architecting for running in a cloud environment. ….

Risk 130

Risk Enterprise Strategy Software 130

Smart Data Collective

NOVEMBER 3, 2021

However, the market for AI in banking is expected to grow over 30% a year and will be worth over $64 billion by 2030. Digital lending can exist in a number of ways, like POS (Point of Sale) transaction model or embedded lending, for example, Buy Now, Pay Later. Banks have been slower to adapt AI technology than some other institutions.

Software 138

Software Data-driven Interactive Insurance 138