CIO Business Intelligence

SEPTEMBER 8, 2022

In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years. The ability to pivot quickly to address rapidly changing customer or market demands is driving the need for real-time data.

Cost-Benefit 122

Cost-Benefit Internet of Things Data-driven Data Lake 122

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives. Addressing the Challenge.

Data Governance 145

Data Governance IT Data Lake Risk 145

CIO Business Intelligence

JANUARY 20, 2023

But to get maximum value out of data and analytics, companies need to have a data-driven culture permeating the entire organization, one in which every business unit gets full access to the data it needs in the way it needs it. This is called data democratization. Security and compliance risks also loom. “All

Data Lake 135

Data Lake Data-driven Finance Data Architecture 135

CIO Business Intelligence

OCTOBER 2, 2024

Data management, when done poorly, results in both diminished returns and extra costs. Hallucinations, for example, which are caused by bad data, take a lot of extra time and money to fix — and they turn users off from the tools. We all get in our own way sometimes when we hang on to old habits.”

Management 141

Management Data Governance Cost-Benefit Structured Data 141

CIO Business Intelligence

JANUARY 30, 2024

Birgit Fridrich, who joined Allianz as sustainability manager responsible for ESG reporting in late 2022, spends many hours validating data in the company’s Microsoft Sustainability Manager tool. Data quality is key, but if we’re doing it manually there’s the potential for mistakes.

Reporting 115

Reporting Data Quality Strategy Data-driven 115

erwin

JULY 17, 2019

It gives them the ability to identify what challenges and opportunities exist, and provides a low-cost, low-risk environment to model new options and collaborate with key stakeholders to figure out what needs to change, what shouldn’t change, and what’s the most important changes are. With automation, data quality is systemically assured.

Digital Transformation 98

Digital Transformation Strategy Metadata Data-driven 98

DataKitchen

JUNE 24, 2021

At Astrazeneca, Kurt Zimmer explained that data, “ provides a massive opportunity to drive all sorts of levers, such as to lower cost and to drive things like speed of execution, which has a tremendous impact on the ability to bring life-saving medicines to the marketplace.” Automate the data collection and cleansing process.

Metrics 211

Metrics ROI Measurement Cost-Benefit 211

Alation

JULY 15, 2022

In the Cambridge Analytica case, the company went from a data strategy focused on monetisation by increased revenue to company closure due to the reputational damage from the negative media and public response. Clearly, using private Facebook data collected in a nefarious manner to sway political elections is not ethical.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

CIO Business Intelligence

JANUARY 24, 2024

Using unstructured data for actionable insights will be a crucial task for IT leaders looking to drive innovation and create additional business value.” One of the keys to benefiting from unstructured data is to define clear objectives, Miller says. What are the goals for leveraging unstructured data?”

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

erwin

MARCH 4, 2021

And when you talk about that question at a high level, he says, you get a very “simple answer,”– which is ‘the only thing we want to have is the right data with the right quality to the right person at the right time at the right cost.’. The Why: Data Governance Drivers. The Benefits of erwin Data Intelligence.

Data Governance 122

Data Governance Digital Transformation Data-driven Cost-Benefit 122

CDW Research Hub

NOVEMBER 29, 2021

By understanding these layers early in the IoT Workshop process, your team will have a better chance of adopting an IoT solution that not only sticks, but benefits your business. With edge computing, computation and data analytics are brought closer to the source of the data —where things and people produce or consume that information.

IoT 89

IoT Cost-Benefit Internet of Things ROI 89

Occam's Razor

AUGUST 13, 2012

The questions reveal a bunch of things we used to worry about, and continue to, like data quality and creating data driven cultures. Dealing with data quality doubt is every day and, sadly, very complex challenge for many, if not most, of us. They also reveal things that starting to become scary (Privacy!

Modeling 125

Modeling Metrics Data Quality Data-driven 125

IBM Big Data Hub

MAY 15, 2024

Organizations require reliable data for robust AI models and accurate insights, yet the current technology landscape presents unparalleled data quality challenges. This situation will exacerbate data silos, increase costs and complicate the governance of AI and data workloads. Users lower egress costs.

Cost-Benefit 67

Cost-Benefit Data Integration Data Architecture Manufacturing 67

DataKitchen

MARCH 16, 2023

Under Efficiency, the Number of Data Product Owners metric measures the value of the business’s data products. Under Quality, the Data Quality Incidents metric measures the average data quality of datasets, while the Active Daily Users metric measures user activity across data platforms.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

AWS Big Data

MARCH 26, 2024

A Gartner Marketing survey found only 14% of organizations have successfully implemented a C360 solution, due to lack of consensus on what a 360-degree view means, challenges with data quality, and lack of cross-functional governance structure for customer data. This is aligned to the five pillars we discuss in this post.

Data Strategy 78

Data Strategy Strategy Data Warehouse Prescriptive Analytics 78

Smart Data Collective

SEPTEMBER 22, 2021

The biggest barrier to this task, however, is a lack of IT capacity and budget – but businesses that can successfully budget for these expenses may find profitable insights in that data, more than making up for those initial costs. How do you quantify unstructured data? Find Out What’s Inside.

Unstructured Data 135

Unstructured Data Management Cost-Benefit Machine Learning 135

Sisense

OCTOBER 15, 2020

Let’s look at a few ways that different industries take advantage of streaming data. How industries can benefit from streaming data. Another goal that teams dealing with streaming data may have is managing and optimizing a file system on object storage.

Dashboards 98

Dashboards IoT Optimization Internet of Things 98

IBM Big Data Hub

FEBRUARY 9, 2023

Policies provide the guidelines for using, protecting, and managing data, ensuring consistency and compliance. Process refers to the procedures for communication, collaboration and managing data, including data collection, storage, protection, and usage. So where are you in your data governance journey?

Data Governance 76

Data Governance Business Objectives Data Quality Measurement 76

IBM Big Data Hub

SEPTEMBER 11, 2023

What makes or breaks the success of a modernization is our willingness to develop a detailed, data-driven understanding of the unique needs of those that we aim to benefit. How to prioritize : Use data to understand what enhancements and capabilities would bring the greatest benefit. frequency (how many occurrences?),

Data-driven 85

Data-driven IT Measurement Cost-Benefit 85

erwin

JUNE 11, 2020

Several hospitals have also employed data intelligence tools in their services and operational processes. These hospitals are making use of dashboards that provide summary information on hospital patient trends, treatment costs, and waiting times. How Business Benefits from Data Intelligence. Data quality management.

Key Performance Indicator 103

Key Performance Indicator KPI Data-driven Machine Learning 103

Sisense

OCTOBER 29, 2020

These computers need to get smaller so that processing can be done in the car itself — this is important to reduce the amount of time lag and the cost of transferring data to the cloud.”. The data collected by AVs in the U.S. will likely be owned by the collector of the data, not the data subject.

Machine Learning 90

Machine Learning Data Collection Cost-Benefit Advertising 90

Jedox

NOVEMBER 17, 2022

The value of understanding how innovation in the Finance space benefits the entire organization will give you the leading edge. The company sought to automate, collaborate and adopt a business solution to promote both data unification and a cloud-based approach. Skill #5: Understanding the value-add for accounting in the Cloud.

Finance 77

Finance Cost-Benefit Forecasting Reporting 77

Jet Global

FEBRUARY 25, 2025

Data cleansing is the process of identifying and correcting errors, inconsistencies, and inaccuracies in a dataset to ensure its quality, accuracy, and reliability. This process is crucial for businesses that rely on data-driven decision-making, as poor data quality can lead to costly mistakes and inefficiencies.

Cost-Benefit 52

Cost-Benefit Data Collection Finance Reporting 52

CIO Business Intelligence

MARCH 29, 2022

Turns out, exercise equipment doesn’t provide many benefits when it goes unused. The same principle applies to getting value from data. Organizations may acquire a lot of data, but they aren’t getting much value from it. Fortunately, learning-based projects typically use data collected for other purposes. .

Cost-Benefit 52

Cost-Benefit Machine Learning Metadata Data Quality 52

Alation

FEBRUARY 17, 2023

You could visualize data governance and data management as two sides of the same coin; while one side specifies the business details, the other implements the control. While it is possible to implement just the technical side, you will miss many aspects that lead to real success with data. Second, think like an executive.

Data Governance 52

Data Governance Data Quality Metadata Cost-Benefit 52

Alation

NOVEMBER 11, 2021

This is mostly due to cost-saving and data sharing benefits. As IT leaders oversee migration, it’s critical they do not overlook data governance. Data governance is essential because it ensures people can access useful, high-quality data. This framework maintains compliance and democratizes data.

Data Governance 52

Data Governance Data Quality Metrics Metadata 52

IBM Big Data Hub

AUGUST 4, 2023

When workers get their hands on the right data, it not only gives them what they need to solve problems, but also prompts them to ask, “What else can I do with data?” ” through a truly data literate organization. What is data democratization?

Data Architecture 59

Data Architecture Data Lake Machine Learning Data Governance 59

Alation

OCTOBER 12, 2021

Folks can work faster, and with more agility, unearthing insights from their data instantly to stay competitive. Yet the explosion of data collection and volume presents new challenges. Implementing adaptive, active data governance. What Are the Benefits of an Enterprise Analytics Strategy?

Strategy 52

Strategy Enterprise Analytics Data Governance 52

Peter James Thomas

AUGUST 29, 2018

My role encompasses being the business driver for the data platform that we are rolling out across the organisation and its success in terms of the data going onto the platform and the curation of that data in a governed state, depending on the consumer requirements. Should I revisit my technology-agnostic stance?

Data-driven 61

Data-driven Cost-Benefit Metadata Technology 61

Domino Data Lab

JUNE 23, 2019

This talk will describe how you can navigate all these challenges that you’re going to face and build a business where every product interaction benefits from your investment in machine learning. You’ll struggle to make the case in most organizations for the cost required for the research investment needed up front.

Management 110

Management Machine Learning Experimentation Metrics 110

Alation

OCTOBER 19, 2021

This can make collaboration across departments difficult, leading to inconsistent data quality , a lack of communication and visibility, and higher costs over time (among other issues). The surge in data collection has only compounded this problem. Sharing (data) is caring. New Applications.

Recreation/Entertainment 52

Recreation/Entertainment Data-driven Sales Marketing 52

FineReport

MAY 31, 2023

In today’s dynamic business environment, gaining comprehensive visibility into financial data is crucial for making informed decisions. In this article, we will explore the concept of a financial dashboard, highlight its numerous benefits, and provide various kinds of financial dashboard examples for you to employ and explore.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

Andrew White

JANUARY 9, 2022

Yet there is no inclusion in the conversation about the costs and issues related to the battery and materials used in the most expensive part of the EV. Much as the analytics world shifted to augmented analytics, the same is happening in data management. A data fabric that can’t read or capture data would not work.

Analytics 64

Analytics Measurement Data-driven Modeling 64

O'Reilly on Data

OCTOBER 22, 2020

The safest course of action is also the slowest and most expensive: obtain your training data as part of a collection strategy that includes efforts to obtain the correct representative sample under an explicit license for use as training data. What’s the cost of doing nothing? And six months from now?”

Consulting 362

Consulting Risk Cost-Benefit Modeling 362

O'Reilly on Data

JULY 28, 2020

The Advertising team was more interested in cost per lead (CPL) and lifetime value (LTV), while the Strategy team was aligned to corporate metrics (revenue impact and total active users). Again, it’s important to listen to data scientists, data engineers, software developers, and design team members when deciding on the MVP.

Marketing 364

Marketing Experimentation Metrics Testing 364

Occam's Razor

APRIL 21, 2014

Find campaigns where they are spending most money, lower the bounce rate and reduce acquisition cost. The mistake we make is that we obsess about every big, small and insignificant analytics implementation challenge and try to fix it because we want 99.95% comfort with data quality. But they don't realize the cost.

Marketing Analytics 132

Marketing Analytics Marketing Analytics Metrics 132

Jet Global

APRIL 14, 2022

Because outsourcing requires communication and data exchange between different companies, this option is even more cumbersome. Deep, proactive analysis is crucial for making key business decisions that benefit profitability, increase ROI, and reduce costly errors. Improve data quality. of respondents outsource reports.

Data Collection 52

Data Collection Management Finance Reporting 52