Smart Data Collective

MARCH 28, 2021

Although there are many benefits of moving to the cloud , this decision is not without its risks. Reduced Costs and Downtime. It is an Internet of Things (IoT) platform that promotes the creation of a digital representation of real places, people, things, and business processes. Convenience all the way!

Cost-Benefit 139

Cost-Benefit IoT Internet of Things Data-driven 139

Smart Data Collective

SEPTEMBER 11, 2020

Savvy technology evangelists recognize the importance of AI in the 21 st Century, especially as Internet technology continues to evolve. An article in CISCOMAG talks about the benefits of using AI in improving network security. Internet of Things. Internet of Things is a critical tool for businesses.

Technology 111

Technology IoT Internet of Things Cost-Benefit 111

CIO Business Intelligence

SEPTEMBER 23, 2024

Data-driven insights are only as good as your data Imagine that each source of data in your organization—from spreadsheets to internet of things (IoT) sensor feeds—is a delegate set to attend a conference that will decide the future of your organization. In another example, energy systems at the edge also present unique challenges.

Manufacturing 122

Manufacturing Internet of Things Metadata Risk 122

Smart Data Collective

MARCH 23, 2022

There are a lot of benefits of utilizing AI technology in the automotive sector. Many companies are using AI to create more energy efficient and cost-effective vehicles. Although there are many benefits of embedding AI in these cars, one of the biggest selling points is that it makes vehicles safer.

Internet of Things 131

Internet of Things IoT Cost-Benefit Testing 131

John Wheeler

APRIL 16, 2021

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. This represents a great opportunity for organizations to utilize risk management technology (RiskTech) to bridge the gap between these seemingly disconnected transformation efforts.

Risk Management 59

Risk Management Risk Management Internet of Things 59

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 deployed in commercial kitchens and retail chains, on factory floors and at amusement parks, the solution has shown the following benefits.

IoT 126

IoT Internet of Things Cost-Benefit Digital Transformation 126

CIO Business Intelligence

NOVEMBER 14, 2024

Challenge: Maintaining security is a moving target The highly distributed nature of retail and complex supply chains, along with increasingly sophisticated ransomware and fraud tactics and the growth of organized retail crime schemes, are driving up the risk of retail cyber events.

IT 64

IT Cost-Benefit Manufacturing Sales 64

CIO Business Intelligence

MARCH 30, 2022

Emerging technologies such as artificial intelligence (AI), machine learning (ML), augmented reality (AR), the Internet of Things (IoT) and quantum computing can help organizations scale on demand, improve resiliency, minimize infrastructure investments and deploy solutions rapidly and securely. Collaborate Early and Often.

Technology 98

Technology Internet of Things ROI IoT 98

Smart Data Collective

MAY 25, 2023

Additionally, cybercrime costs SMEs over $2.2 Cyber security solutions can be categorized into endpoint security, app security, internet of things security, network security, and cloud security. It aims at mitigating or preventing harm to your business and its stakeholders while minimizing human cyber risk.

Internet of Things 111

Internet of Things Cost-Benefit Risk Software 111

IBM Big Data Hub

JUNE 14, 2023

An innovative application of the Industrial Internet of Things (IIoT), SM systems rely on the use of high-tech sensors to collect vital performance and health data from an organization’s critical assets. What’s the biggest challenge manufacturers face right now?

Manufacturing 71

Manufacturing Technology Internet of Things Cost-Benefit 71

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

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

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 96

Data Analytics Internet of Things Analytics Big Data 96

CIO Business Intelligence

OCTOBER 1, 2022

The partners say they will create the future of digital manufacturing by leveraging the industrial internet of things (IIoT), digital twin , data, and AI to bring products to consumers faster and increase customer satisfaction, all while improving productivity and reducing costs. The power of people.

Manufacturing 145

Manufacturing Digital Transformation IoT Internet of Things 145

CIO Business Intelligence

SEPTEMBER 8, 2022

Gathering and processing data quickly enables organizations to assess options and take action faster, leading to a variety of benefits, said Elitsa Krumova ( @Eli_Krumova ), a digital consultant, thought leader and technology influencer.

Cost-Benefit 122

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

CIO Business Intelligence

APRIL 6, 2022

The first wave of edge computing: Internet of Things (IoT). For most industries, the idea of the edge has been tightly associated with the first wave of the Internet of Things (IoT). In addition, retrofitting existing equipment with sensors was often cost prohibitive. Moving beyond IoT 1.0.

IoT 105

IoT Internet of Things Data-driven Manufacturing 105

CIO Business Intelligence

JANUARY 24, 2024

At Vanguard, “data and analytics enable us to fulfill on our mission to provide investors with the best chance for investment success by enabling us to glean actionable insights to drive personalized client experiences, scale advice, optimize investment and business operations, and reduce risk,” Swann says.

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

IBM Big Data Hub

MAY 31, 2023

Understanding and planning for when your equipment is likely to fail can drive greater efficiency in production operations, but how do you decide which strategy is the most cost-effective one for you? 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

BizAcuity

NOVEMBER 22, 2022

and without that, you run the risk of querying outdated values and returning irrelevant analytics. Applications such as e-commerce, gaming, and the Internet of things (IoT) commonly require real-time views of what’s happening. But, this again comes at a significantly increased cost. Operational Analytics. Conclusion.

Data Warehouse 98

Data Warehouse Cost-Benefit Data Lake Internet of Things 98

IBM Big Data Hub

FEBRUARY 19, 2024

To mitigate these risks , companies need the resources and technology to develop robust contingency plans. Fewer disruptions : A healthy supply chain mitigates risks and protects against inevitable disruption.

Strategy 81

Strategy Management Forecasting Internet of Things 81

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

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. Instead of seeing things as disposable, it encourages the reuse and recycling of products. trillion in economic benefits by 2030.

Reporting 88

Reporting Internet of Things Cost-Benefit Data-driven 88

Cloudera

AUGUST 18, 2021

In digital transformation projects, it’s easy to imagine the benefits of cloud, hybrid, artificial intelligence (AI), and machine learning (ML) models. Data Lifecycle Management: The Key to AI-Driven Innovation. The hard part is to turn aspiration into reality by creating an organization that is truly data-driven. technologies.

Data Lake 88

Data Lake Internet of Things IoT Data-driven 88

Smart Data Collective

DECEMBER 16, 2019

At a time when the technology environment is powered by aspects such as the Internet of Things, artificial intelligence, machine learning, and Quantum computing, data is king. The benefits of having such data optimization solution are numerous and these include; 1. Faster and more flexible decision making.

Optimization 73

Optimization Enterprise Internet of Things Cost-Benefit 73

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

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. To fulfill this, companies can be transparent about their strategies and risk management.

IT 98

IT Internet of Things Strategy IoT 98

IBM Big Data Hub

JUNE 20, 2023

The following are the six stages of asset lifecycle management: Planning: In the first stage of the asset lifecycle, stakeholders assess the need for the asset, its projected value to the organization and its overall cost. Reduced maintenance costs and downtime: Monitor assets in real time, regardless of complexity.

Strategy 71

Strategy Management Cost-Benefit IoT 71

IBM Big Data Hub

JANUARY 15, 2024

A recent study found that McKinsey research shows that organizations that “launched some flavor of digital transformation,” have only experienced a third of the expected revenue benefits on average. Trend: Cybersecurity By virtue of moving many services online, organizations are at greater risk of digital attacks.

Digital Transformation 69

Digital Transformation Internet of Things IoT Consulting 69

IBM Big Data Hub

JUNE 29, 2023

Digitalization has had a profound impact on the manufacturing sector, enabling businesses to optimize processes, improve quality and reduce costs. It integrates advanced technologies—like the Internet of Things (IoT), artificial intelligence (AI) and cloud computing —into an organization’s existing manufacturing processes.

Manufacturing 54

Manufacturing Internet of Things Cost-Benefit Digital Transformation 54

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. in 2019, attaining a 22 percent compound annual growth rate.”

Prescriptive Analytics 52

Prescriptive Analytics IoT Internet of Things Cost-Benefit 52

IBM Big Data Hub

APRIL 22, 2024

We use to collect data from 6,500+ utility bills we receive globally each year and summarize total energy consumption, cost, and renewable electricity purchases across to save many hours of calculations. Our approach includes applying AI, Internet of Things (IoT), and advanced data and automation solutions to empower this transition.

IoT 77

IoT Internet of Things Cost-Benefit Reporting 77

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

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

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. Most organizations can’t run without physical assets. Let’s explore these in more depth.

Management 60

Management Cost-Benefit Enterprise IoT 60

IBM Big Data Hub

JULY 27, 2023

More recently, these systems have integrated advanced technologies like Internet of Things (IoT), artificial intelligence (AI) and machine learning (ML) to enable predictive analytics and real-time monitoring. Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs.

Cost-Benefit 55

Cost-Benefit IoT Internet of Things Enterprise 55

BizAcuity

MARCH 1, 2019

There is a coherent overlap between the Internet of Things and Artificial Intelligence. Evolution of Internet of Things. to make better decisions and risk assessments. The Internet of Things is only getting smarter. This is AI/ML aspect of the work. Future of IoT is AI.

IoT 56

IoT Internet of Things Big Data Data-driven 56

Cloudera

OCTOBER 3, 2018

The opportunity has only grown with the advent of practical Internet of Things applications. Our partners will benefit from a single standard to build on, and a larger company with more customers to work with. The tremendous growth in both unstructured and structured data overwhelms traditional data warehouses.

Uncertainty 75

Uncertainty IoT Risk Reporting 75