IBM Big Data Hub

JANUARY 25, 2024

A recent report shows a significant increase in the cost of manufacturing downtime from 2021 to 2022, with Fortune Global 500 companies now losing 11% of their yearly turnover which amounts to nearly USD 1.5 Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0

Optimization 73

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 73

CIO Business Intelligence

JUNE 26, 2023

billion to help enterprises optimize their IT expenditure, particularly cloud costs, as they try to navigate uncertain macroeconomic conditions. While ApptioOne can be used by enterprises to manage hybrid cloud, Apptio Cloudability can be used to monitor public cloud spending and expenditure optimization.

Optimization 77

Optimization Cost-Benefit IT Consulting 77

CIO Business Intelligence

SEPTEMBER 24, 2024

To that end, Wiedenbeck and his team are tackling “unit cost,” or the expense of specific products and services, such as writing a policy, servicing a claim, or handling a customer request. The life insurance industry has not been historically focused on pure efficiency, but the cost-per-unit concept is coming into the business.”

IT 124

IT Insurance Cost-Benefit Risk 124

CIO Business Intelligence

NOVEMBER 13, 2024

The company has already rolled out a gen AI assistant and is also looking to use AI and LLMs to optimize every process. The company has already rolled out a gen AI assistant and is also looking to use AI and LLMs to optimize every process. Generally, there’s optimism and a positive mindset when heading into AI.”

IT 138

IT Consulting ROI Cost-Benefit 138

IBM Big Data Hub

MARCH 6, 2024

Businesses are increasingly embracing cloud infrastructure due to its scalability, flexibility and cost-effectiveness, among other benefits. Recent statistics indicate a significant rise in companies adopting cloud services to meet their operational and cost saving needs.

Optimization 73

Optimization Strategy Cost-Benefit Testing 73

CIO Business Intelligence

JULY 2, 2024

This approach to better information can benefit IT team KPIs in most areas, ranging from e-commerce store errors to security risks to connectivity outages,” he says. Shankar notes that AI can also equip IT teams with the data-driven insights needed to optimize resource allocation, prioritize upgrades, and plan for the future.

IT 143

IT Machine Learning Cost-Benefit Software 143

CIO Business Intelligence

JUNE 6, 2024

When it’s done well, every choice is calculated, made mindfully of both its short- and long-run impacts, and of the delicate balance in which it must hold certain key variables — cost, productivity, digital maturity, and the potential to build capabilities that last. Of the latter, 70% to 80% were supplied by strategic partners. “In

Strategy 121

Strategy IT Cost-Benefit Digital Transformation 121

CIO Business Intelligence

SEPTEMBER 10, 2024

We are embedding AI-powered capabilities across the suite so customers are benefiting from it as soon as they log in,” Evan Goldberg, founder and executive vice president of Oracle NetSuite, said in a statement. “By Bickley cautioned, however, that NetSuite will have to prove value to drive a renewal cost increase for these services.

IT 114

IT Cost-Benefit ROI Enterprise 114

CIO Business Intelligence

NOVEMBER 21, 2024

Increasing the pace of AI adoption If the headlines around the new wave of AI adoption point to a burgeoning trend, it’s that accelerating AI adoption will allow businesses to reap the full benefits of their data. This is done through its broad portfolio of AI-optimized infrastructure, products, and services.

IT 72

IT Cost-Benefit Optimization Manufacturing 72

CIO Business Intelligence

SEPTEMBER 26, 2024

A key benefit of 2D barcodes is data density and self-correction capabilities, which can enable item-level inventory tracking via serialization, ensuring every item is uniquely identified and tracked as it moves through the retail supply chain,” says Bob Carpenter, president and CEO of GS1 US. The benefits are potentially huge.

IT 124

IT Manufacturing IoT Cost-Benefit 124

Smart Data Collective

SEPTEMBER 25, 2023

While there are many benefits of big data technology, the steep price tag can’t be ignored. We mentioned that data analytics offers a number of benefits with financial planning. You also need to optimize it. How to Optimize IT Budgeting? The main premise of this post is to help you optimize your IT budget.

Data-driven 109

Data-driven IT Cost-Benefit Big Data 109

Smart Data Collective

JANUARY 27, 2022

Not only will this improve productivity, but it can also lead to cost savings down the road. In a sense, despite its tremendous value, big data has become a bit of a bubble for many companies. They have heard that big data can be useful, so they invest in it without much consideration for their ROI. In the world of IT, change is constant.

Optimization 109

Optimization IT Big Data Cost-Benefit 109

CIO Business Intelligence

SEPTEMBER 19, 2024

Agentic AIs, a form of technology designed to run specific functions within an organization without human intervention, are gaining traction as enterprises look to automate business workflows, augment the output of human workers, and derive value from generative AI. In addition, the power of agentic AIs is still in its infancy, they say.

IT 138

IT Cost-Benefit Consulting Modeling 138

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 119

IT Insurance Consulting Risk 119

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

As adoption has grown, some enterprises found that the theoretical advantages of data processing in the cloud can be more challenging to deliver in practice, with constant monitoring and manual intervention required to optimize resources and realize potential savings. Efficient usage of cloud services is easier said than done, however.

Data Warehouse 130

Data Warehouse Cost-Benefit Data Lake Software 130

CIO Business Intelligence

MAY 8, 2024

Process automation and improvement is a perennial CIO agenda item, and the call for business process optimization is only getting louder — especially for those processes directly tied to the bottom line. ExpionIQ Advisor has cut the time to calculate the numbers needed for an RFP to a few hours, instead of days, Kumar says.

Insurance 107

Insurance IT Cost-Benefit Unstructured Data 107

AWS Big Data

APRIL 17, 2024

Amazon OpenSearch Service recently introduced the OpenSearch Optimized Instance family (OR1), which delivers up to 30% price-performance improvement over existing memory optimized instances in internal benchmarks, and uses Amazon Simple Storage Service (Amazon S3) to provide 11 9s of durability.

Optimization 126

Optimization Snapshot Metadata Cost-Benefit 126

Smart Data Collective

SEPTEMBER 29, 2022

There are a number of benefits of using it to your company’s advantage. A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations. The benefits of big data cannot be overstated. This article reveals all!

Data-driven 135

Data-driven Data Quality Optimization Insurance 135

CIO Business Intelligence

OCTOBER 16, 2024

As gen AI becomes embedded into more devices, endowing it with autonomous decision-making will depend on real-time data and avoiding excessive cloud costs. By processing data closer to the source, edge computing can enable quicker decisions and reduce costs by minimizing data transfers, making it an alluring environment for AI.

Cost-Benefit 143

Cost-Benefit Manufacturing Data-driven Optimization 143

CIO Business Intelligence

NOVEMBER 14, 2023

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Cloud costs will often — and rapidly — become large line items on budgets. Cloud costs will often — and rapidly — become large line items on budgets. There are other risks, too.

Strategy 145

Strategy Cost-Benefit IT Key Performance Indicator 145

CIO Business Intelligence

MAY 21, 2024

We were using LLMs for chat support for administrators and employees, but when you get into vector data, and large graphical structures with a couple of hundred million rows of inter-related data and you want to optimize towards a predictive model for the future, you can’t get anywhere with LLMs,” says MakeShift CTO Danny McGuinness.

IT 131

IT Cost-Benefit Experimentation Forecasting 131

CIO Business Intelligence

JULY 23, 2024

As a digital transformation leader and former CIO, I carry a healthy dose of paranoia. Call it survival instincts: Risks that can disrupt an organization from staying true to its mission and accomplishing its goals must constantly be surfaced, assessed, and either mitigated or managed. Is the organization transforming fast enough?

Risk 142

Risk IT Risk Management Cost-Benefit 142

CIO Business Intelligence

DECEMBER 5, 2023

Some organizations have been innovating, transforming, and growing so fast that they haven’t had time to clear up older cost structures that start getting in the way,” says Stewart Buchanan, research vice president on Gartner’s CIO team. Each dollar of operational cost reduction drips directly to the bottom line.”

IT 138

IT Cost-Benefit ROI Digital Transformation 138

CIO Business Intelligence

JUNE 19, 2024

Software development is faster, operations are more cost effective, applications run more reliably, and the number of critical incidents dropped from 50 per month to just 15 — a 70% decline. Berke Menekli, VP of digital platform services, says it’s one of the best things he ever did.

IT 138

IT Software Cost-Benefit Optimization 138

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 101

IT Insurance Consulting Risk 101

CIO Business Intelligence

MAY 24, 2022

Here we examine what CloudOps is, how it can benefit your organization, and the key issues you should keep in mind when implementing CloudOps in your enterprise. CloudOps is an operations practice for managing the delivery, optimization, and performance of IT services and workloads running in a cloud environment. Benefits of CloudOps.

Optimization 109

Optimization Cost-Benefit Enterprise Consulting 109

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

CIO Business Intelligence

JANUARY 17, 2023

Optimize cloud spend It’s a good time for CIOs to conduct a financial health check on their technology budget. Then, identify opportunities to reduce run costs and free up funds to invest in transformation and new technology capabilities. So your usage and costs should be elastic, expanding and contracting with workload.

Cost-Benefit 138

Cost-Benefit IT Uncertainty Optimization 138

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. Automation.

Data-driven 124

Data-driven Optimization Enterprise Cost-Benefit 124

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

SEPTEMBER 27, 2024

The PoC was necessary to test the technology’s functioning and contain costs, which, by applying the system to all documents, would have grown significantly. “We In fact, gen AI isn’t currently among the implemented technologies at Euronics because Tesoro doesn’t see use cases functional to the retail activity. “IT

Management 123

Management IT Cost-Benefit Testing 123

IBM Big Data Hub

AUGUST 15, 2023

Similarly, comprehending the savings realized in a cloud-cost-optimization journey offers valuable insights into the impact of your efforts. It’s like having a financial guide by your side, showing you the tangible benefits of your optimization strategies and motivating you to keep pushing forward.

Optimization 60

Optimization Measurement Cost-Benefit Dashboards 60

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. These applications are designed to benefit logistics and shipping companies alike. Did you know?

Big Data 275

Big Data Internet of Things Cost-Benefit Optimization 275

CIO Business Intelligence

OCTOBER 17, 2023

AWS also builds its own low-cost AI chips ( Inferentia and Trainium ) in limited volumes; the company is using the chips internally to power its gen AI capabilities, and it is making the chips available to customers. The gen AI gold rush — with little clarity on cost “It’s the year of AI,” declares Forrester Research.

Marketing 144

Marketing IT Cost-Benefit Enterprise 144

CIO Business Intelligence

JUNE 5, 2024

Just over a year ago, H&M’s IT department was heavily reduced as a result of cost restrictions. The cost efficiency program hit us, and this applied to both employees and consultants,” she says. “We We had to make cuts.” “Right now we’re on a very invigorating development curve.”

IT 108

IT Cost-Benefit Manufacturing Optimization 108