David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Those customers should be evaluating if, when and how they will tap into the benefits that AI and GenAI can provide to improve operational and financial performance. With a perception of limited or no benefit, not taking any action can appear attractive and may be the right choice.

Cost-Benefit 130

Cost-Benefit Risk Forecasting Software 130

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. leading to poor performance and high cost.

Optimization 111

Optimization Cost-Benefit Consulting Strategy 111

Cloudera

DECEMBER 19, 2023

There, I met with IT leaders across multiple lines of business and agencies in the US Federal government focused on optimizing the value of AI in the public sector. AI can optimize citizen-centric service delivery by predicting demand and customizing service delivery, resulting in reduced costs and improved outcomes.

Optimization 90

Optimization Cost-Benefit Unstructured Data Risk 90

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. Here are some of the top ways to better optimize enterprise workflows with machine learning and data analytics technology. Optimizing workflows is all about being more productive. Make a Plan.

Data-driven 125

Data-driven Optimization Enterprise Cost-Benefit 125

Smart Data Collective

DECEMBER 22, 2021

This is important, because there are a lot of benefits of cloud computing based video streaming. The email has been desirable for use in the office due to its low cost, convenience, and the ability to write detailed information. Nvidia talked about some of the benefits that AI has created for video conferencing.

Optimization 116

Optimization Cost-Benefit Technology Strategy 116

CIO Business Intelligence

NOVEMBER 18, 2022

But when not managed strategically in the long run, cloud spending can quickly escalate and impact margins, cost of goods sold (COGS), and cost of revenue (COR). To optimize cloud investments, C-level executives are increasingly adopting cloud financial operations (FinOps).

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

AWS Big Data

OCTOBER 3, 2023

Compaction is the process of combining these small data and metadata files to improve performance and reduce cost. Systems of this nature generate a huge number of small objects and need attention to compact them to a more optimal size for faster reading, such as 128 MB, 256 MB, or 512 MB.

Optimization 117

Optimization Snapshot Data Lake Metadata 117

Smart Data Collective

APRIL 20, 2022

A growing number of companies are discovering the benefits of using analytics as part of their telemarketing strategy. Any B2B organization can benefit from outsourcing to a dependable telemarketing firm. The best ones know how to tap the power of state-of-the-art call center analytics technology to properly optimize their leads.

Strategy 107

Strategy Optimization Analytics B2B 107

Cloudera

DECEMBER 20, 2022

With the right insights, energy production from renewable assets can be optimized and better predict the future of supply and demand. Organizations working in traditional energy generation will have to adjust costs by improving the efficiency of these plants. Investment is unavoidable, so the question becomes about smart investment.

Optimization 80

Optimization Data Analytics Analytics Cost-Benefit 80

Smart Data Collective

NOVEMBER 4, 2021

A geolocation transponder is very useful on a highway, since it picks up the beacon and charges the cost to your account. However, it also contains information on our bank details. The third point is most compelling and serves the biggest benefit for the average customer. It can help improve different types of vehicles.

Optimization 114

Optimization Big Data Cost-Benefit Manufacturing 114

Smart Data Collective

MAY 8, 2022

Their skepticism has waned significantly, as they have finally started to discover the countless benefits that big data has to offer for their industry. Verizon Connect has talked at length about the benefits of using big data to streamline many business operations for fleet management. Managing Driver Workload.

Optimization 109

Optimization Data Analytics Management Analytics 109

Smart Data Collective

JULY 20, 2022

A growing number of businesses use big data technology to optimize efficiency. This illustrates the benefits of combining big data and lean thinking. While there are various interpretations or models to address such problems, Lean Thinking can contribute to the implementation of more optimal projects for a business.

Data-driven 128

Data-driven Optimization Big Data Data Strategy 128

Jet Global

FEBRUARY 6, 2024

No longer passive consumers of information, you become master storytellers, captivating audiences with visual masterpieces crafted from data. Logi Symphony fosters a collaborative data-sharing ecosystem, dismantling the walls of information silos and replacing them with transparency and efficiency. The result?

Dashboards 52

Dashboards Visualization Data-driven Reporting 52

Smart Data Collective

AUGUST 11, 2022

There are many great benefits of using data analytics to improve financial management strategies. However, there are equally important but often overlooked benefits of using data analytics in finance. However, there are equally important but often overlooked benefits of using data analytics in finance.

Data Analytics 121

Data Analytics Optimization Analytics Cost-Benefit 121

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. It is a crucial metric that provides priceless information about your website’s ability to transform visitors into paying customers. One report found that global e-commerce brands spent over $16.7 billion on analytics last year.

Optimization 75

Optimization Data Analytics Analytics Data-driven 75

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

Also center stage were Infor’s advances in artificial intelligence and process mining as well as its environmental, social and governance application and supply chain optimization enhancements. RAG enhances the accuracy of generated responses by retrieving relevant information from external sources before generating an answer.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

CIO Business Intelligence

OCTOBER 21, 2024

But these tips can help your organization reduce the likelihood of e-invoicing non-compliance – and adopt some optimal solutions going forward. Thoroughly review e-invoices for accuracy, and make sure the format and information are in accordance with the governing body. Why are so many countries going paperless?

Cost-Benefit 110

Cost-Benefit Optimization Risk Reporting 110

AWS Big Data

OCTOBER 1, 2024

Over the last year, Amazon Redshift added several performance optimizations for data lake queries across multiple areas of query engine such as rewrite, planning, scan execution and consuming AWS Glue Data Catalog column statistics. Some of the queries in our benchmark experienced up to 12x speed up.

Data Lake 98

Data Lake Statistics Broadcasting Optimization 98

CIO Business Intelligence

SEPTEMBER 17, 2024

Businesses reduce operating costs by having fewer people involved in uncovering why something went wrong and less labor spent resolving issues. The business benefits are significant: Network observability simplifies administration, optimizes network performance, and improves business results (see Network Efficiencies box).

Enterprise 116

Enterprise Cost-Benefit Optimization Reporting 116

CIO Business Intelligence

OCTOBER 29, 2024

As research suggests, the potential benefits of generative AI (genAI) adoption far outweigh the challenges, making it imperative for businesses to adopt a strategic approach toward scaling their AI implementation while observing guidelines for ESG compliance.

Enterprise 119

Enterprise Cost-Benefit Metrics Strategy 119

IBM Big Data Hub

JULY 25, 2023

The system is largely passive, with little real-time information about usage and demand. 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.

Optimization 56

Optimization Technology Measurement Cost-Benefit 56

David Menninger's Analyst Perspectives

AUGUST 26, 2022

Organizations are managing and analyzing large datasets every day, identifying patterns and generating insights to inform decisions. This can provide numerous benefits for an organization, such as improved operational efficiency, cost optimization, fraud detection, competitive advantage and enhanced business processes.

Cost-Benefit 147

Cost-Benefit Analytics Optimization Internet of Things 147

datapine

OCTOBER 11, 2023

Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success. It allows for informed decision-making and efficient risk mitigation. With the power of data, you can boost your warehouse efficiency at the lowest possible cost.

Metrics 217

Metrics KPI Management Cost-Benefit 217

CIO Business Intelligence

MARCH 22, 2023

However, they face a significant challenge in ensuring privacy due to sensitive Personally Identifiable Information (PII) in most enterprise datasets. Then the trained models become consumers of vast amounts of data to gain insights to inform business decisions. Safeguarding PII is not a new problem.

Machine Learning 105

Machine Learning Cost-Benefit Modeling Risk 105

CIO Business Intelligence

AUGUST 27, 2024

A staged approach enables risk mitigation and resource optimization and ensures modernization efforts bolster operational efficiency and competitive advantage. Operate and optimize: Continuously monitor and optimize the modernized portfolio, ensuring alignment with evolving business needs. Invite feedback.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

David Menninger's Analyst Perspectives

OCTOBER 29, 2024

Back-end applications that use AI to produce or analyze information that comes from or is delivered to agents. The latter applications do more for sales and marketing teams that use the information to orchestrate processes leading to desired outcomes—many of which relate to revenue and company health.

Key Performance Indicator 130

Key Performance Indicator Cost-Benefit Interactive Measurement 130

AWS Big Data

OCTOBER 22, 2024

Infor’s Intelligent Open Network (ION) OneView platform provides real-time reporting, dashboards, and data visualization to help customers access and analyze information across their organization. This resulted in a 9% reduction in storage costs for most of Infor’s workloads.

Optimization 95

Optimization Cost-Benefit Software Strategy 95

CIO Business Intelligence

OCTOBER 24, 2024

But recent research by Ivanti reveals an important reason why many organizations fail to achieve those benefits: rank-and-file IT workers lack the funding and the operational know-how to get it done. There are enormous benefits in improving digital employee experience, and DEX remains an area that executive leaders are optimistic about.

IT 109

IT Metrics Cost-Benefit Measurement 109

AWS Big Data

JUNE 11, 2024

The following are some key reasons highlighting the importance of compression in OpenSearch: Storage efficiency and cost savings OpenSearch often deals with vast volumes of data, including log files, documents, and analytics datasets. For more information, see Changing an index codec.

Optimization 82

Optimization Experimentation Cost-Benefit Software 82

Cloudera

JULY 10, 2024

There’s nothing worse than wasting money on unnecessary costs. In on-premises data estates, these costs appear as wasted person-hours waiting for inefficient analytics to complete, or troubleshooting jobs that have failed to execute as expected, or at all.

Cost-Benefit 98

Cost-Benefit Metadata Optimization Measurement 98

Smart Data Collective

JANUARY 27, 2022

Not only will this improve productivity, but it can also lead to cost savings down the road. These are employees who work remotely and can help you with everything from manning your IT help desk to handling basic administrative tasks at a fraction of the cost of hiring a full-time employee. 3 Upgrade Your Network Infrastructure.

Optimization 111

Optimization IT Big Data Cost-Benefit 111

Cloudera

NOVEMBER 13, 2020

Impala Optimizations for Small Queries. We’ll discuss the various phases Impala takes a query through and how small query optimizations are incorporated into the design of each phase. Query optimization in databases is a long standing area of research, with much emphasis on finding near optimal query plans.

Optimization 143

Optimization Metadata Statistics Cost-Benefit 143

AWS Big Data

APRIL 25, 2024

However, as data volumes continue to grow, optimizing data layout and organization becomes crucial for efficient querying and analysis. To address this challenge, common practices like partitioning and bucketing can significantly improve query performance and reduce computation costs.

Optimization 72

Optimization Data Lake Cost-Benefit Reporting 72

CIO Business Intelligence

JANUARY 8, 2024

For instance, with our internal customer support requests, we aggregate valuable information,” she notes. Until recently, such information was hard to find and ad hoc at best. Skill-building will inform how we provide training as well as how team members can grow their careers.”

Cost-Benefit 142

Cost-Benefit Digital Transformation Optimization Measurement 142

Smart Data Collective

SEPTEMBER 30, 2021

One of the biggest benefits of AI is that it has helped streamline many workplace functions. According to the analysis of Cybersecurity Ventures, the yearly cost of cybercrime is expected to reach $10.5 trillion , and ransomware damage costs will reach $20 billion by 2025. Optimizing AI-Driven Cybersecurity Apps.

Optimization 116

Optimization IoT Data-driven Cost-Benefit 116

CIO Business Intelligence

SEPTEMBER 12, 2024

Recent research by Vanson Bourne for Iron Mountain found that 93% of organizations are already using genAI in some capacity, while Gartner research suggests that genAI early adopters are experiencing benefits including increases in revenue (15.8%), cost savings (15.2%) and productivity improvements (22.6%), on average.

ROI 110

ROI Cost-Benefit Unstructured Data Metadata 110

CIO Business Intelligence

SEPTEMBER 19, 2024

While indispensable for continued growth, these benefits are, crucially, more accessible than ever, even for those without the financial resources of bigger companies. Then there is the cost-efficiency of creating content through GenAI.

Cost-Benefit 115

Cost-Benefit Digital Transformation Marketing Optimization 115