datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Over the past 5 years, big data and BI became more than just data science buzzwords. In response to this increasing need for data analytics, business intelligence software has flooded the market. The costs of not implementing it are more damaging, especially in the long term.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

O'Reilly on Data

SEPTEMBER 19, 2023

.” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” A single document may represent thousands of features.

Machine Learning 341

Machine Learning Testing Modeling Cost-Benefit 341

Smart Data Collective

AUGUST 30, 2022

The sudden growth is not surprising, because the benefits of the cloud are incredible. Cloud technology results in lower costs, quicker service delivery, and faster network data streaming. It also allows companies to offload large amounts of data from their networks by hosting it on remote servers anywhere on the globe.

Technology 140

Technology Enterprise Cost-Benefit Data Processing 140

CIO Business Intelligence

DECEMBER 19, 2023

After all, every department is pressured to drive efficiencies and is clamoring for automation, data capabilities, and improvements in employee experiences, some of which could be addressed with generative AI. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

APRIL 8, 2025

In healthcare, missing treatment data or inconsistent coding undermines clinical AI models and affects patient safety. In retail, poor product master data skews demand forecasts and disrupts fulfillment. In the public sector, fragmented citizen data impairs service delivery, delays benefits and leads to audit failures.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

AWS Big Data

SEPTEMBER 26, 2024

Organizations are collecting and storing vast amounts of structured and unstructured data like reports, whitepapers, and research documents. By consolidating this information, analysts can discover and integrate data from across the organization, creating valuable data products based on a unified dataset.

Data Lake 114

Data Lake Cost-Benefit Unstructured Data Modeling 114

CIO Business Intelligence

SEPTEMBER 29, 2023

That’s because vast, real-time, unstructured data sets are used to build, train, and implement generative AI. Key results included a 30x reduction in the number of missed fraud transactions with a 3x reduction in hardware cost. Regulatory compliance. Automation.

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

CIO Business Intelligence

OCTOBER 3, 2023

These tools bring benefits beyond automation. Typically these would include: • Process discovery: comprises process mining to identify bottlenecks and inefficiencies and task mining to identify user interactions in process, enabling those processes for which automation will deliver maximum benefits to be given priority.

Cost-Benefit 122

Cost-Benefit Machine Learning Interactive Software 122

erwin

JUNE 26, 2020

A data catalog uses metadata, data that describes or summarizes data, to create an informative and searchable inventory of all data assets in an organization. Why You Need a Data Catalog – Three Business Benefits of Data Catalogs. Ensures regulatory compliance.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. Expion hasn’t yet calculated the potential new business created, but the tool will save the company the cost of about 1.5 data analyst FTEs.

Insurance 111

Insurance IT Cost-Benefit Unstructured Data 111

bridgei2i

AUGUST 2, 2020

There are documents including images, emails etc. In the post-COVID world, tasks requiring people gathering together in one location and manual processes such as physical verification of claim or printed copies of documents to be authenticated would be seriously called into question. that need to be checked.

Digital Transformation 95

Digital Transformation Insurance Unstructured Data Cost-Benefit 95

CIO Business Intelligence

SEPTEMBER 20, 2023

One of the most exciting aspects of generative AI for organizations is its capacity for putting unstructured data to work, quickly culling information that thus far has been elusive through traditional machine learning techniques. So much of that is hidden away in the chat history, not all the rows and columns of structured data.

Unstructured Data 131

Unstructured Data Insurance Cost-Benefit Interactive 131

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.

Cost-Benefit 105

Cost-Benefit Digital Transformation Data-driven Unstructured Data 105

CIO Business Intelligence

OCTOBER 2, 2024

And the other is retrieval augmented generation (RAG) models, where pieces of data from a larger source are vectorized to allow users to “talk” to the data. For example, they can take a thousand-page document, have it ingested by the model, and then ask the model questions about it.

Management 141

Management Data Governance Cost-Benefit Structured Data 141

CIO Business Intelligence

JULY 6, 2023

Organizations can reap a range of benefits from deploying automation tools such as robotic process automation (RPA). Classic examples are the use of AI to capture and convert semi-structured documents such as purchase orders and invoices, Fleming says.

Cost-Benefit 119

Cost-Benefit Technology Unstructured Data Testing 119

CIO Business Intelligence

NOVEMBER 1, 2023

The real benefit may be in the governance capabilities rather than the collaboration. Until now maintaining a “clean core” was considered its own reward, with benefits including easier annual upgrades and simplified system maintenance, but now SAP is offering to reward enterprises with additional credits for BTP usage.

Enterprise 132

Enterprise Cost-Benefit Unstructured Data Software 132

Smart Data Collective

JUNE 7, 2019

What is Big Data? Big Data is defined as a large volume of structured and unstructured data that a business comes across their day-to-day operations. However, the amount of data isn’t really a big deal. What’s important is the way organizations handle this data for the benefit of their businesses.

Big Data 104

Big Data Marketing Cost-Benefit Unstructured Data 104

CIO Business Intelligence

JANUARY 16, 2024

At Fidelity, early returns are proving fruitful for cost savings and increased efficiencies, said Vipin Mayar, the finserv’s head of AI innovation, at the Chief AI Officer Summit in Boston in December. More benefit may come from a process or technology improvement instead of broad application of AI to ‘fix’ problems,” he says.

Cost-Benefit 130

Cost-Benefit Unstructured Data Enterprise Technology 130

Smart Data Collective

SEPTEMBER 26, 2019

Unstructured. Unstructured data lacks a specific format or structure. As a result, processing and analyzing unstructured data is super-difficult and time-consuming. Semi-structured data contains a mixture of both structured and unstructured data. Role of Software Development in Big Data.

Big Data 102

Big Data Software Unstructured Data Data Integration 102

CIO Business Intelligence

AUGUST 21, 2024

The previous state-of-the-art sensors cost tens of thousands of dollars, adds Mattmann, who’s now the chief data and AI officer at UCLA. Then there’s the risk of malicious code injections, where the code is hidden inside documents read by an AI agent, and the AI then executes the code.

Risk 136

Risk Insurance Cost-Benefit Software 136

AWS Big Data

MARCH 25, 2024

A RAG-based generative AI application can only produce generic responses based on its training data and the relevant documents in the knowledge base. For example, Amazon DynamoDB provides a feature for streaming CDC data to Amazon DynamoDB Streams or Kinesis Data Streams.

Data Lake 121

Data Lake Unstructured Data Management Snapshot 121

Octopai

MARCH 22, 2023

This makes it an ideal platform for organizations that handle sensitive data. Cost: Snowflake’s pricing model is based on usage, which means you only pay for what you use. This can be more cost-effective than traditional data warehousing solutions that require a significant upfront investment.

Data Warehouse 103

Data Warehouse Cost-Benefit Unstructured Data Optimization 103

Smart Data Collective

NOVEMBER 20, 2022

Statistics reveal that hiring a new employee costs half or two times the employee’s salary. Apart from interaction, one can store data, share documents, schedule voice and video calls, and do much more. Improves data management and productivity. More than a decade ago, economies were hit by the Great Recession.

Technology 130

Technology Unstructured Data Strategy Cost-Benefit 130

CIO Business Intelligence

SEPTEMBER 30, 2024

Sanjeev Kumar, vice president and chief data and analytics officer at Gainwell Technologies, a provider of healthcare technology services for state governments, also has seen the power of AI in his company. Such statistics don’t tell the whole story, though, says Beatriz Sanz Sáiz, EY’s global consulting data and AI leader.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

IBM Big Data Hub

NOVEMBER 10, 2023

Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs.

Cost-Benefit 95

Cost-Benefit Insurance Unstructured Data Consulting 95

Cloudera

NOVEMBER 18, 2021

Every one of our 22 finalists is utilizing cloud technology to push next-generation data solutions to benefit the everyday people who need it most – across industries including science, health, financial services and telecommunications. taxpayer details and needs to quickly analyze petabytes of data across hundreds of servers.

Data Lake 77

Data Lake Cost-Benefit Digital Transformation Risk 77

CIO Business Intelligence

SEPTEMBER 21, 2023

It doesn’t matter how accurate an AI model is, or how much benefit it’ll bring to a company if the intended users refuse to have anything to do with it. ML was used for sentiment analysis, and to scan documents, classify images, transcribe recordings, and other specific functions. Then gen AI came out.

Enterprise 130

Enterprise Consulting Modeling Cost-Benefit 130

Sisense

JULY 22, 2020

Traditionally all this data was stored on-premises, in servers, using databases that many of us will be familiar with, such as SAP, Microsoft Excel , Oracle , Microsoft SQL Server , IBM DB2 , PostgreSQL , MySQL , Teradata. However, cloud computing has grown rapidly because it offers more flexible, agile, and cost-effective storage solutions.

Slice and Dice 98

Slice and Dice Digital Transformation Data Warehouse Data Lake 98

Cloudera

NOVEMBER 14, 2023

According to the Center for American Progress , “The costs to the US associated with childhood poverty total about $500 billion per year, or the equivalent of nearly 4 percent of GDP.” percent of GDP Raises the costs of crime by 1.3 They state the annual effects of childhood poverty: Reduces productivity and economic output by about 1.3

Unstructured Data 74

Unstructured Data Cost-Benefit Data-driven Predictive Analytics 74

Ontotext

MAY 22, 2023

At the heart of such tools is the extraction of fields from forms or specific attributes from documents. LLMs do most of this better and with lower cost of customization. Luckily, the text analysis that Ontotext does is focused on tasks that require complex domain knowledge and linking of documents to reference data or master data.

Management 59

Management Unstructured Data Metadata Cost-Benefit 59

Cloudera

OCTOBER 7, 2021

Within the context of a data mesh architecture, I will present industry settings / use cases where the particular architecture is relevant and highlight the business value that it delivers against business and technology areas. Metadata Management: In legacy implementations, changes to Data Products (e.g., A Client Example.

Metadata 124

Metadata Cost-Benefit Enterprise Interactive 124

Cloudera

JUNE 22, 2023

These dis-integrated resources are “data platforms” in name only: in addition to their high maintenance costs, their lack of interoperability with other critical systems makes it difficult to respond to business change. The top-line benefits of a hybrid data platform include: Cost efficiency. Simplified compliance.

Cost-Benefit 66

Cost-Benefit Digital Transformation Data Governance Unstructured Data 66

Ontotext

JANUARY 6, 2021

According to this article , it costs $54,500 for every kilogram you want into space. It has been suggested that their Falcon 9 rocket has lowered the cost per kilo to $2,720. They were facing three different data silos of half a million documents full of clinical study data.

Metadata 59

Metadata Unstructured Data Cost-Benefit Enterprise 59

Alation

FEBRUARY 13, 2020

At some level, every enterprise is struggling to connect data to decision-making. In The Forrester Wave: Machine Learning Data Catalogs, 36% to 38% of global data and analytics decision makers reported that their structured, semi-structured, and unstructured data each totaled 1,000 TB or more in 2017, up from only 10% to 14% in 2016.

ROI 52

ROI Cost-Benefit Unstructured Data Data Lake 52

CIO Business Intelligence

JULY 14, 2023

While you can power your own copilot using any internal data, which immediately improves the accuracy and decreases the hallucination, when you add vector support, it’s more efficient retrieving accurate information quickly,” Microsoft AI platform corporate VP John Montgomery says. Some are general, others more targeted.

Modeling 98

Modeling Machine Learning Cost-Benefit B2B 98

Ontotext

JULY 12, 2024

The bundle focuses on tagging documents from a single data source and makes it easy for customers to build smart applications or support existing systems and processes. It comes with significant cost advantages and includes software installation, support, and maintenance from one convenient source for the full bundle.

Enterprise 59

Enterprise Cost-Benefit Metadata Data Integration 59

Wayne Yaddow

MARCH 14, 2025

How dbt Core aids data teams test, validate, and monitor complex data transformations and conversions Photo by NASA on Unsplash Introduction dbt Core, an open-source framework for developing, testing, and documenting SQL-based data transformations, has become a must-have tool for modern data teams as the complexity of data pipelines grows.

Data Transformation 52

Data Transformation Testing Unstructured Data Data Quality 52