Smart Data Collective

SEPTEMBER 26, 2019

We have smartphones, smart speakers, smart cars and an entire Internet of Things (IoT) filled with devices meant to make our lives easier and more intuitive. For business owners, one of the most significant benefits of using smart data is reducing business costs in some way. Reduce Fleet Costs.

Internet of Things 92

Internet of Things IoT Cost-Benefit Insurance 92

CIO Business Intelligence

JANUARY 9, 2023

They are playing out across industries with the help of edge computing, Internet of Things (IoT) devices and an innovative approach known as Business Outcomes-as-a-Service. [1] Already, Atos customers have reported positive experiences. Imagine a factory or a chain of retailers reducing energy and cutting equipment downtime.

IoT 126

IoT Internet of Things Cost-Benefit Digital Transformation 126

Smart Data Collective

JANUARY 11, 2021

Cloud computing is also helping manufacturing companies to reduce costs, innovate, and increase their competitiveness. The cloud enables manufacturers to use many new forms of production systems as well, from 3D printing and the Internet of Things to high-performance computing and industrial robots.

Manufacturing 127

Manufacturing Internet of Things Cost-Benefit Big Data 127

Smart Data Collective

APRIL 7, 2022

These benefits include the following: You can use data analytics to better understand the preferences of your users and provide personalized product recommendations. Doxee has a great article on some of the profound benefits of big data in retail distribution. Do you want to know how to incorporate it into your data-driven business?

B2B 128

B2B Big Data Sales Cost-Benefit 128

CIO Business Intelligence

NOVEMBER 17, 2023

Managed service provider business model Managed service providers structure their business to offer technology services cheaper than what it would cost an enterprise to perform the work itself, at a higher level of quality, and with more flexibility and scalability. Similarly, adding capacity during temporary business surges can be difficult.

Management 130

Management IT IoT Cost-Benefit 130

CIO Business Intelligence

JANUARY 4, 2023

Decision makers are realizing that technology is essential for reaching their ESG goals,” noted Bjoern Stengel, IDC global sustainability research lead, in the report. This should not just be a discussion about costs; sustainability should be considered as a business outcome.” So, too, are business leaders.

IT 131

IT Internet of Things Reporting Cost-Benefit 131

Smart Data Collective

JULY 2, 2019

We have heard experts all over the world talk about the benefits of big data in renewable energy. Better distribution, cost savings, technical improvements and, above all, the optimization of resources are some of the spaces that are opened up thanks to new technologies. Here are some of their findings.

Data Analytics 97

Data Analytics Internet of Things Analytics Big Data 97

Smart Data Collective

APRIL 24, 2019

If you represent a manufacturing concern and you’re wondering about the benefits of capturing and analyzing operational data , you’ve come to the right place. That’s a resounding show of approval, especially when you consider the pressure modern enterprises are up against when it comes to cutting costs.

Analytics 104

Analytics Manufacturing Cost-Benefit Internet of Things 104

CIO Business Intelligence

MAY 8, 2024

According to a recent report by InformationWeek , enterprises with a strong AI strategy are 3 times more likely to report above-average data integration success. IoT data integration The rise of the Internet of Things (IoT) has introduced a new layer of complexity in data integration.

Data Integration 102

Data Integration IoT Cost-Benefit Machine Learning 102

CIO Business Intelligence

APRIL 12, 2022

Specifically, they’re looking at these areas: Centralized supply chain planning Advanced analytics Reskilling the labor force for digital planning and monitoring In the never-ending hunt for maximum efficiency and cost savings, supply chain digitization correlates closely with smart manufacturing processes.

IoT 105

IoT Analytics Manufacturing Internet of Things 105

CIO Business Intelligence

JANUARY 24, 2024

One of the keys to benefiting from unstructured data is to define clear objectives, Miller says. he says “How will unstructured data contribute to revenue or market growth, gaining cost efficiencies or other strategic outcomes? What are the goals for leveraging unstructured data?”

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

CIO Business Intelligence

AUGUST 16, 2023

With the right data available and Microsoft’s Power platform, the aim is to proactively issue reports and decision support on an ongoing basis, and provide the power to digitize all parts of the company. This leads to environmental benefits and fewer transports. One must always understand the cost versus the effect.”

Risk 98

Risk Cost-Benefit Internet of Things Digital Transformation 98

Smart Data Collective

AUGUST 14, 2019

Healthcare organizations are using predictive analytics , machine learning, and AI to improve patient outcomes, yield more accurate diagnoses and find more cost-effective operating models. percent of EHRs contain exactly the same info as reported by patients. It is a critical cost, security, and performance issue for the IT department.

Big Data 101

Big Data Data Analytics Analytics Internet of Things 101

IBM Big Data Hub

MARCH 20, 2024

In the business sphere, both large enterprises and small startups depend on public cloud computing models to provide the flexibility, cost-effectiveness and scalability needed to fuel business growth. artificial intelligence (AI) , edge computing, the Internet of Things (IoT) ). trillion in 2027.

Internet of Things 88

Internet of Things Cost-Benefit Data Processing IoT 88

IBM Big Data Hub

FEBRUARY 7, 2024

Advanced technologies, more stringent reporting standards and stronger support from stakeholders are building momentum for eco-friendly initiatives and the incentives that encourage them. Sustainability reporting: Accountability on the record This may be the biggest year yet in sustainability reporting.

Reporting 88

Reporting Internet of Things Cost-Benefit Data-driven 88

AWS Big Data

SEPTEMBER 5, 2024

Federated queries are useful for use cases where organizations want to combine data from their operational systems with data stored in Amazon Redshift. Federated queries allow querying data across Amazon RDS for MySQL and PostgreSQL data sources without the need for extract, transform, and load (ETL) pipelines.

IoT 107

IoT Data Warehouse Cost-Benefit Reporting 107

IBM Big Data Hub

FEBRUARY 6, 2024

Cloud computing enables organizations to use infrastructure and applications over the internet without installing and maintaining them on-premises or in-house. According to a Gartner report (link resides outside ibm.com), almost two-thirds (65.9%) of enterprise IT spending will go toward Software-as-a-Service in 2025, up from 57.7%

Cost-Benefit 98

Cost-Benefit Digital Transformation Software Internet of Things 98

AWS Big Data

OCTOBER 3, 2023

Compaction is the process of combining these small data and metadata files to improve performance and reduce cost. Performance of Iceberg reads with the compaction utility on Amazon EMR In the following steps, we demonstrate how to use the compaction utility and what performance benefits you can achieve. Delete the EMR cluster.

Optimization 122

Optimization Snapshot Data Lake Metadata 122

CIO Business Intelligence

JULY 13, 2023

My first step in that process is sharing some of the great insights I learned with all of you. The rapid expansion of the Internet of Things (IoT), fueled by generative AI, is putting increasing pressure on data centers worldwide. With the number of connected devices expected to reach 55.7 Governance.

IT 98

IT Internet of Things Strategy IoT 98

John Wheeler

APRIL 16, 2021

The culmination of the review effort will be our inaugural “Emerging Technologies: Tech Innovators in IRM, 2021” report slated to publish in late June. However, the key to these benefits lies in the integration of RiskTech via IRM. Again, an integrated view of risk is needed to alleviate these concerns.

Risk Management 59

Risk Management Risk Management Internet of Things 59

IBM Big Data Hub

APRIL 22, 2024

We believe there are three core areas that every organization should focus on: sustainability strategy and reporting; energy transition and climate resilience; and intelligent asset, facility and infrastructure management. Using AI, business teams can “clean” data, manage through gaps, and report across different frameworks.

IoT 77

IoT Internet of Things Cost-Benefit Reporting 77

IBM Big Data Hub

MARCH 27, 2024

Other leaders remind you that the company’s primary allegiance is to the bottom line and that your solution needs to be cost-effective and “thread the needle” by providing the most return for the least investment possible. Development costs to survey the land, clear the site and prepare it for construction.

Cost-Benefit 98

Cost-Benefit Internet of Things Recreation/Entertainment Marketing 98

IBM Big Data Hub

MAY 31, 2023

Without due care and attention, things break—regardless of whether that’s a transformer in an electricity grid, an axle bearing on a train or a refrigerator in a restaurant. It is suited to low-cost, non-critical assets that don’t pose safety or operational risks if a run-to-failure strategy is deployed.

Cost-Benefit 87

Cost-Benefit Strategy IoT Internet of Things 87

CIO Business Intelligence

JANUARY 12, 2023

Answering these concerns, smart factories are moving to another edge: edge computing, where operational data from Internet of Things (IoT) sensors can be collected and processed for insights in near-real-time. 2] As with any advancement in technology, edge computing comes with benefits and drawbacks.

Manufacturing 75

Manufacturing Technology IoT Internet of Things 75

Cloudera

AUGUST 22, 2021

It seems like there’s always something new to look out for every day, be it new use cases, technology or ways that organizations can benefit. This makes it tougher to understand the app dependencies and accurately assess for feasibility, costs, implementation and ultimately generate ROI. Cloud is ultimately just a vehicle.

Cost-Benefit 105

Cost-Benefit IoT Strategy Digital Transformation 105

AWS Big Data

AUGUST 1, 2024

Additionally, organizations must carefully consider factors such as cost implications, security and compliance requirements, change management processes, and the potential disruption to existing business operations during the migration. This will enable right-sizing the Redshift data warehouse to meet workload demands cost-effectively.

Data Warehouse 100

Data Warehouse KPI Optimization Cost-Benefit 100

Jet Global

AUGUST 14, 2019

While the technology behind enabling computers to simulate human thought has been developing, at times slowly, over the past half-century, the cost of implementation, readily available access to cloud computing, and practical business use cases are primed to help AI make a dramatic impact in the enterprise over the next few years.

Enterprise 70

Enterprise OLAP Business Intelligence Cost-Benefit 70

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. of all global carbon emissions.

IT 59

IT Cost-Benefit Internet of Things IoT 59

IBM Big Data Hub

AUGUST 11, 2023

Gathering data from machines, sensors, operators and other Industrial Internet of Things (IIoT) devices, they provide accurate and up-to-date insights into the status of production activities. Proper planning and preparation will contribute to a successful MES implementation and maximize its benefits for your organization.

Software 68

Software Manufacturing Internet of Things Cost-Benefit 68

Jet Global

OCTOBER 9, 2024

It’s no secret that more and more organizations are turning to solutions that can provide benefits of real time data to become more personalized and customer-centric , as well as make better business decisions. There are a number of reasons why: You can run a report that has the most updated information , not from one month ago.

Prescriptive Analytics 52

Prescriptive Analytics IoT Internet of Things Cost-Benefit 52

Sisense

MAY 11, 2021

Maybe one of the most common applications of a data model is for internal analysis and reporting through a BI tool. Interestingly, this ad hoc analysis benefits from a single source of truth that is easy to query to allow for quickly querying of raw data alongside the cleanest data (i.e., Enriching (e.g.,

Modeling 84

Modeling Big Data IoT Data Warehouse 84

Cloudera

JANUARY 30, 2024

There are many functional areas within manufacturing where manufacturers will see AI’s massive benefits. According to Gartner , 80 percent of manufacturing CEOs are increasing investments in digital technologies—led by artificial intelligence (AI), Internet of Things (IoT), data, and analytics. That is a very low number.

Manufacturing 81

Manufacturing Contextual Data IoT Internet of Things 81

IBM Big Data Hub

JUNE 30, 2023

Machinery, equipment, facilities and vehicles provide economic value or benefit operations. Organizations can’t work effectively if they don’t invest to keep their assets running cost-effectively throughout their lifecycle. Other features like vendor and inventory management, reporting, analysis (e.g.,

Management 60

Management Cost-Benefit Enterprise IoT 60

IBM Big Data Hub

JUNE 29, 2023

Here, we will compare digital twins and digital threads, and discuss potential use cases and benefits. Digital twin technology uses Industrial Internet of Things (IIoT) sensors, machine learning and simulation software to collect product data and generate accurate models. What are digital twins?

Internet of Things 53

Internet of Things Manufacturing Digital Transformation Optimization 53

IBM Big Data Hub

SEPTEMBER 11, 2023

Forrester’s 2022 Total Economic Impact Report for Data Management highlights the impact Db2 and the IBM data management portfolio is having for customers: Return on investment (ROI) of 241% and payback <6 months. This helps remove unnecessary network and infrastructure latencies and reduce cost and security vulnerabilities.

Machine Learning 85

Machine Learning Cost-Benefit IoT Data Warehouse 85

BizAcuity

MARCH 1, 2019

There is a coherent overlap between the Internet of Things and Artificial Intelligence. and constantly report this data to backend. Evolution of Internet of Things. The Internet of Things is only getting smarter. AI is about simulating intelligent behavior in machines that carry out tasks ‘smartly’.

IoT 56

IoT Internet of Things Big Data Data-driven 56

CIO Business Intelligence

NOVEMBER 17, 2022

For example, while your organisation may already have tapped the power of the Internet of Things and edge computing (perhaps even enhanced by the speed and stability of private 5G in the quest for digital transformation, this does not automatically make you future-proof. Data will drive organisational sustainability objectives.

Internet of Things 59

Internet of Things Data-driven Cost-Benefit Digital Transformation 59