CIO Business Intelligence

JUNE 6, 2024

At the recent Dell Technologies World, Chairman and CEO of Dell Technologies Michael Dell, stressed the importance of reaping the benefits of AI responsibly. “AI By integrating AI-driven information technology (IT) and operational technology (OT), it is improving patient care worldwide while addressing cost pressures and staff shortages.

Cost-Benefit 88

Cost-Benefit IT Data-driven Digital Transformation 88

Smart Data Collective

JANUARY 27, 2022

In a sense, despite its tremendous value, big data has become a bit of a bubble for many companies. They have heard that big data can be useful, so they invest in it without much consideration for their ROI. If you are trying to create a data-centric business, you are going to need to invest wisely. 2 Invest in Cloud Computing.

Optimization 106

Optimization IT Big Data Cost-Benefit 106

Smart Data Collective

AUGUST 17, 2021

If your workflows are optimized, then you can save staff time, reduce errors, and function more professionally as a whole. Data analytics technology can help bolster efficiency in all of these regards. Using Data Analytics to Improve Workflow Management. Optimizing workflows is all about being more productive.

Data-driven 119

Data-driven Optimization Enterprise Cost-Benefit 119

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. The complex and ever-evolving nature of logistics makes it an essential use case for big data applications. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

Smart Data Collective

AUGUST 10, 2021

Over 67% of companies spend over $10,000 a year on analytics solutions. Investments in analytics are being made across all major industries. ‘Although companies in healthcare, IT and finance are some of the biggest investors in analytics technology, plenty of other sectors are investing in analytics as well.

Data Analytics 135

Data Analytics Analytics Big Data Key Performance Indicator 135

Smart Data Collective

JULY 20, 2022

Data-driven decision-making has become a major element of modern business. A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Furthermore, only 13% of companies are actually delivering on their data strategy.

Data-driven 124

Data-driven Optimization Big Data Data Strategy 124

Smart Data Collective

DECEMBER 22, 2021

More video messaging services are dependent on data analytics, as the analytics in video market is growing over 20% a year. This is important, because there are a lot of benefits of cloud computing based video streaming. Nvidia talked about some of the benefits that AI has created for video conferencing.

Optimization 113

Optimization Cost-Benefit Technology Strategy 113

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? So it’s Monday, and you lead a data analytics team of perhaps 30 people. Like most leaders of data analytic teams, you have been doing very little to quantify your team’s success. What should be in that report about your data team? Introduction.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

IBM Big Data Hub

APRIL 25, 2023

Now, let’s chat about why data warehouse optimization is a key value of a data lakehouse strategy. Read our blog on solving today’s challenges with a lakehouse architecture Value of data warehouse optimization Since its introduction over a century ago, the gasoline-powered engine has remained largely unchanged.

Optimization 56

Optimization Strategy Data Warehouse Cost-Benefit 56

IBM Big Data Hub

JULY 10, 2023

Be sure to identify the location and type of sensors you will need for vibration measurements, including any amplitude and frequency ranges, as the sensors will serve as your data collectors throughout the process. Analyze the data Once you’ve collected all the relevant data, it’s time to analyze it.

Optimization 54

Optimization IT Measurement Cost-Benefit 54

CIO Business Intelligence

JUNE 3, 2024

Cloud computing and cloud software are some of the biggest IT trends of the decade, but they can wreak havoc on IT financial analysts trying to track assets, control and predict costs, or charge cloud service costs back to the departments that benefit from them. One firm’s story: $2.6M One firm’s story: $2.6M

Cost-Benefit 98

Cost-Benefit Finance ROI Reporting 98

Smart Data Collective

APRIL 20, 2022

Any company that wants to implement a successful marketing strategy needs to invest in analytics technology. We have talked extensively about the importance of analytics in online marketing, but it can be just as important for traditional marketing strategies as well. Unfortunately, not all telemarketing services are created equally.

Strategy 102

Strategy Optimization Analytics B2B 102

Smart Data Collective

APRIL 21, 2022

We have pointed out in the past that big data offers a number of benefits for online commerce. One of the most important benefits of data analytics pertains to optimizing websites for a good user experience. User experience optimization (UX) is becoming more important than ever.

Data Analytics 117

Data Analytics Analytics Big Data Machine Learning 117

CIO Business Intelligence

JUNE 3, 2024

While most business leaders know their cloud costs are rising, far fewer are aware of the one small detail that can make a 5X difference in the price they’ll pay to lower those costs. A 2024 research study of 500 IT departments and cost management programs reveals the answer, and it all comes down to your approach.

Management 100

Management Cost-Benefit Optimization ROI 100

Smart Data Collective

DECEMBER 15, 2021

But driving sales through the maximization of profit and minimization of cost is impossible without data analytics. Data analytics is the process of drawing inferences from datasets to understand the information they contain. Focused and targeted campaigns boost sales by engaging optimally with the audience.

ROI 117

ROI Marketing Data Analytics Analytics 117

Timo Elliott

MAY 27, 2022

I was at the Gartner Data & Analytics conference in London a couple of weeks ago and I’d like to share some thoughts on what I think was interesting, and what I think I learned…. First, data is by default, and by definition, a liability , because it costs money and has risks associated with it.

Data Analytics 124

Data Analytics Analytics Recreation/Entertainment Data Lake 124

datapine

JANUARY 24, 2021

In our cutthroat digital age, the importance of setting the right data analysis questions can define the overall success of a business. That being said, it seems like we’re in the midst of a data analysis crisis. That being said, it seems like we’re in the midst of a data analysis crisis.

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

JUNE 3, 2024

Cloud doesn’t just open the door to enabling advanced technologies like AI, hyper-automation, and big data analytics – it unlocks a complex realm of costs and expense management problems that can threaten innovation and its financial sustainability. This is the first and most essential step for mastering today’s cloud economics.

Cost-Benefit 98

Cost-Benefit Optimization ROI Strategy 98

datapine

OCTOBER 11, 2023

With the help of the right logistics analytics tools, warehouse managers can track powerful metrics and KPIs and extract trends and patterns to ensure everything is running at its maximum potential. Now, let’s look at some benefits to keep putting the power of warehouse key performance indicators into perspective.

Metrics 217

Metrics KPI Management Cost-Benefit 217

IBM Big Data Hub

JULY 25, 2023

A smart grid is a digital electricity network that supplies power to consumers using interactive two-way communication, enabling automated, advanced energy delivery and a litany of opportunities for consumers to control their electricity use and costs. And real-time grid monitoring is vital for optimizing smart grid technology.

Optimization 56

Optimization Technology Measurement Cost-Benefit 56

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. It is easier to do so with the use of data derived from predictive analytics.

Management 116

Management Analytics Predictive Analytics Cost-Benefit 116

Jet Global

FEBRUARY 5, 2024

Understanding your SAP data to its fullest is the first step o n the journey towards a more sustainable future. Improper load optimization: Often caused by inefficient planning and inadequate utilization of cargo space, leading to poor transportation efficiency such as half-full containers. Total dependence on fossil fuels.

Optimization 52

Optimization Operational Reporting Manufacturing Reporting 52

CIO Business Intelligence

MAY 29, 2024

RISE with SAP combines SAP S/4HANA, the intelligent cloud ERP solution, with SAP Business Technology Platform (BTP), the integrated platform for data, analytics, integration, and extension, as well as other services, such as cloud infrastructure, application management, and business process intelligence.

Cost-Benefit 126

Cost-Benefit Finance Strategy Risk 126

Smart Data Collective

SEPTEMBER 14, 2020

Big data is radically changing the future of online business. The benefits that it offers are abundantly clear. This Medium post highlights some of the reasons that big data is transforming the nature of e-commerce and other fields of online business. One of the biggest benefits is through personalized recommendations.

Dashboards 98

Dashboards Data Analytics Analytics Big Data 98

AWS Big Data

JUNE 10, 2024

The open table format accelerates companies’ adoption of a modern data strategy because it allows them to use various tools on top of a single copy of the data. It’s widely used by developers, content creators, and businesses to streamline their media workflows, enhance user experiences, and optimize content delivery.

Data Lake 107

Data Lake Metadata Snapshot Analytics 107

CIO Business Intelligence

OCTOBER 6, 2023

Business analysts (BAs) are responsible for bridging the gap between IT and the business using data analytics to assess processes, determine requirements, and deliver data-driven recommendations and reports to executives and stakeholders. What is a business analyst?

IT 128

IT Business Analysis Key Performance Indicator Cost-Benefit 128

AWS Big Data

MAY 28, 2024

With the addition of Flink support in EMR on EKS, you can now run your Flink applications on Amazon EKS using the EMR runtime and benefit from both services to deploy, scale, and operate Flink applications more efficiently and securely. Amazon EMR on EKS natively integrates tools and functionalities to enable these—and more.

Data Processing 90

Data Processing Cost-Benefit Metadata Optimization 90

datapine

JANUARY 31, 2022

Using business intelligence and analytics effectively is the crucial difference between companies that succeed and companies that fail in the modern environment. The main use of business intelligence is to help business units, managers, top executives, and other operational workers make better-informed decisions backed up with accurate data.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

CIO Business Intelligence

JANUARY 22, 2024

According to a recent analysis by EXL, a leading data analytics and digital solutions company, healthcare organizations that embrace generative AI will dramatically lower administration costs, significantly reduce provider abrasion, and improve member satisfaction. The timing could not be better. Here’s an example.

Cost-Benefit 105

Cost-Benefit Digital Transformation Data-driven Interactive 105

Smart Data Collective

SEPTEMBER 2, 2022

One study by the McKinsey Institute shows that data-driven organizations are 19 times more likely to be profitable. There are many benefits of using big data to run a business. One of the most important advantages is that big data can help with marketing. Big Data is Essential for Modern Marketing Strategies.

Big Data 118

Big Data Marketing Optimization Data mining 118

datapine

JANUARY 21, 2020

As a result, BI can benefit the overall evolution as well as the profitability of a company, regardless of niche or industry. Download here the top benefits cheat sheet, and start reporting! If you gather data, you need to analyze and report on it, no matter which industry or sector you operate in. What Is BI Reporting?

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

CIO Business Intelligence

APRIL 5, 2022

Here’s how three organizations are succeeding at using data analytics to improve supply chain operations. This has all helped Optimas manage and reduce overall costs by enabling it to make smarter decisions, “making our supply chains more efficient and improving overall cash management,” Korba says.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

CIO Business Intelligence

JUNE 9, 2024

One factor is that manufacturers are shifting operations out of China into neighboring Southeast Asian countries to save costs. Most Asia Pacific (APAC) organizations are either getting involved or already invested in smart manufacturing; 48% are just beginning their digital journey, while 45% have already adopted it. initiatives.

Manufacturing 98

Manufacturing Data-driven Cost-Benefit Digital Transformation 98

Smart Data Collective

OCTOBER 9, 2023

Many manufacturers are using data analytics to improve their marketing strategies. Developing Analytics-Driven Marketing Approaches to Private Label Supplement Manufacturing Misunderstandings often arise when people confuse private labels with contract manufacturing. This is what our article will focus on today.

Manufacturing 85

Manufacturing Data Analytics Analytics Advertising 85

CIO Business Intelligence

OCTOBER 13, 2022

As companies fast-track IT modernization to accelerate digital transformation and gain business advantage, there is an opportunity to rearchitect a greener IT environment and application portfolio that will drive cost efficiencies and contribute to broader corporate sustainability goals. times more energy efficient than the average U.S.

IT 59

IT Cost-Benefit Internet of Things IoT 59

Smart Data Collective

NOVEMBER 29, 2021

Data analytics has become a very important element of success for modern businesses. Many business owners have discovered the wonders of using big data for a variety of common purposes, such as identifying ways to cut costs, improve their SEO strategies with data-driven methodologies and even optimize their human resources models.

Data Analytics 111

Data Analytics Analytics Big Data B2B 111

CIO Business Intelligence

JUNE 12, 2024

For some organizations, shifting to the cloud has been a relatively quick race toward highly publicized benefits, such as scalability. Webb’s approach contrasts to that of many enterprises that went all-in quickly on the cloud — only to now be rethinking those strategies in light of unanticipated cost overruns.

Digital Transformation 115

Digital Transformation Cost-Benefit Forecasting Marketing 115