Smart Data Collective

MARCH 2, 2023

However, there are even more important benefits of using big data during a bad economy. As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. Big data offers many benefits for companies in any economy. In 2023, big data Is no longer a luxury.

Big Data 105

Big Data Uncertainty Risk Data mining 105

CIO Business Intelligence

JANUARY 17, 2023

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. That’s a core benefit of cloud. Not necessarily. Remember, you don’t own cloud servers, you just “rent” them.

Cost-Benefit 138

Cost-Benefit IT Uncertainty Optimization 138

CIO Business Intelligence

JANUARY 9, 2023

Economic uncertainty Organizations are concerned about multiple economic forces that are all causing uncertainty, says Srinivas Mukkamala, chief product officer at Ivanti. How do you future-proof your business in the face of so much uncertainty?

IT 145

IT Uncertainty Cost-Benefit Digital Transformation 145

CIO Business Intelligence

MARCH 15, 2023

The pressure is on to navigate economic uncertainty. Build multiple budget scenarios with increasing levels of cost reduction to illustrate the plays you could run in response to various market conditions. If your top line is shrinking, prepare for questions on adjusting your cost structure to sustain margins during the storm.

Uncertainty 98

Uncertainty Cost-Benefit Forecasting Insurance 98

CIO Business Intelligence

JANUARY 2, 2024

CIOs are readying for another demanding year, anticipating that artificial intelligence, economic uncertainty, business demands, and expectations for ever-increasing levels of speed will all be in play for 2024. What benefit does AI serve to that department? Create dynamic, flexible teams Alignment only gets IT so far, though.

IT 144

IT Cost-Benefit Statistics Consulting 144

Rocket-Powered Data Science

MAY 21, 2024

I believe that the time, place, and season for artificial intelligence (AI) data platforms have arrived. To see this, look no further than Pure Storage , whose core mission is to “ empower innovators by simplifying how people consume and interact with data.” live data consumption) or real-time adaptation to changing business conditions.

Cost-Benefit 239

Cost-Benefit Unstructured Data Enterprise Technology 239

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 Digital Transformation ROI 138

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

DECEMBER 5, 2024

AI faces a fundamental trust challenge due to uncertainty over safety, reliability, transparency, bias, and ethics. Aligning AI with organizational goals and deploying it responsibly and efficiently ensure long-term productivity benefits,” noted Bruno Domingues, CTO for Intel’s financial services industry practice.

Cost-Benefit 59

Cost-Benefit Uncertainty Marketing Risk 59

CIO Business Intelligence

FEBRUARY 12, 2024

On one hand, 76% of IT leaders agree that genAI will be significant if not transformative in boosting productivity, streamlining processes and reducing costs for their organizations, according to a Dell survey. Yet ironically, genAI’s potential has created a paradox within organizations. You’ll clean it up and make it sparkle.

IT 137

IT Consulting Cost-Benefit Uncertainty 137

CIO Business Intelligence

OCTOBER 26, 2023

While there is little doubt that companies have been cutting back on expenses generally in response to economic uncertainty, startups in particular have been feeling the pain of contracting budgets and reluctant investors. When we asked about the intensity of that pressure, 83% cited a moderate to high degree of pressure.

IT 128

IT Cost-Benefit Data-driven Manufacturing 128

Smart Data Collective

JULY 31, 2022

Predictive analytics tools can be particularly valuable during periods of economic uncertainty. Predictive Analytics Helps Traders Deal with Market Uncertainty. We have talked about a lot of the benefits of using predictive analytics in finance. Their services are becoming more poplar as economic uncertainty rises.

Predictive Analytics 145

Predictive Analytics Analytics Uncertainty Forecasting 145

CIO Business Intelligence

MARCH 23, 2023

of its workforce, over the next 18 months to reduce costs amid uncertain macroeconomic conditions. The job cuts reflect stabilizing demand, following explosive post-pandemic growth, and prudent cost management, according to Ignacio Rasero, vice president for Moody’s Investors Service. billion to $16.7

Uncertainty 98

Uncertainty Cost-Benefit Consulting Digital Transformation 98

CIO Business Intelligence

MARCH 23, 2022

Once an IT leader is regarded as essential by his or her employer, recognition rises, colleagues begin listening, project doors swing open, and salaries and benefits skyrocket. The long-term reward will be lower IT costs, a path to automation, less repetitive work, and a happier workforce that enjoys travelling at the cutting edge.

IT 133

IT Optimization Uncertainty Testing 133

CIO Business Intelligence

NOVEMBER 3, 2023

Burnout is quickly becoming a widespread problem for IT organizations. The wake of the COVID-19 pandemic, mass tech industry layoffs, and the demand to keep pace with constantly evolving technology are all prominent factors contributing to a state of exhaustion among IT pros, according to industry surveys. And it can be hard to spot.

IT 133

IT Reporting Uncertainty Cost-Benefit 133

CIO Business Intelligence

JULY 11, 2024

In a business environment defined by volatility, uncertainty, complexity, and ambiguity (VUCA), the most successful CIOs are more than technology leaders; they’re “chief intentional officers.” That means pushing back against a lot of pressure, sometimes against the board or the executives.

IT 122

IT Risk Technology Uncertainty 122

The Unofficial Google Data Science Blog

DECEMBER 14, 2021

by AMIR NAJMI & MUKUND SUNDARARAJAN Data science is about decision making under uncertainty. Some of that uncertainty is the result of statistical inference, i.e., using a finite sample of observations for estimation. But there are other kinds of uncertainty, at least as important, that are not statistical in nature.

Uncertainty 56

Uncertainty Statistics Measurement Cost-Benefit 56

Cloudera

JUNE 1, 2021

Cloudera will benefit from the operating capabilities, capital support and expertise of Clayton, Dubilier & Rice (CD&R) and KKR – two of the most experienced and successful global investment firms in the world recognized for supporting the growth strategies of the businesses they back. So what does that mean for all of us?

Uncertainty 144

Uncertainty Cost-Benefit Risk Strategy 144

Smart Data Collective

OCTOBER 6, 2023

One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. Understanding the dynamics of seasonal shifts is crucial for companies to operate efficiently, reduce costs, and maximize profits. It is easier to do so with the use of data derived from predictive analytics.

Management 130

Management Analytics Predictive Analytics Cost-Benefit 130

CIO Business Intelligence

AUGUST 15, 2024

For instance, the increasing cost of capital has affected access to and use of money across all sectors; an increasing regulatory focus on competition and industry dynamics has driven increased scrutiny as a critical factor for uncertainty; geopolitical uncertainties, including unprecedented conflicts across many regions, have forced delays.

Uncertainty 111

Uncertainty Risk Strategy Cost-Benefit 111

CIO Business Intelligence

AUGUST 7, 2023

As IT leaders feel pressure from the C-Suite to be more efficient, as well as cut costs and optimize resources, respondents of the survey ranked faster DevOps processes, automated processes, and increasing overall output as the top three measures that would be most impactful to increasing efficiency.

IT 98

IT Uncertainty Cost-Benefit Optimization 98

erwin

AUGUST 13, 2020

Today, enterprises are trying to grow and innovate – while cutting costs and managing compliance – in the midst of a global pandemic. Compliance and Legislation : How do we manage uncertainty around legislative change (e.g., Cost Reduction : What can we do to reduce costs while not impacting the business (e.g.,

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

CIO Business Intelligence

JUNE 19, 2024

According to AI optimists, the technology will allow long and arduous drug discovery pipelines to be shortened, cutting the cost of drug development. Everyone remembers the guesswork and uncertainty of the pandemic. What is TRAIN? Clinical decision making and diagnostics will speed up by an order of magnitude and become more accurate.

Uncertainty 145

Uncertainty Insurance Cost-Benefit Data-driven 145

Smart Data Collective

FEBRUARY 4, 2021

Companies are discovering the countless benefits of using big data as they strive to keep their operations lean. One of the most important benefits of using big data is with expense tracking. With increasing uncertainty and evolving consumer demand, running a business seems like an enormous challenge. Do you know the best part?

Data Analytics 141

Data Analytics Analytics Cost-Benefit Big Data 141

CIO Business Intelligence

FEBRUARY 7, 2023

In economic uncertainty, it’s natural for executives to explore where to reduce spending, trim the fat , so to speak, and cut enterprising investments as a matter of caution. But this thinking is also counter-productive for all the reasons that make uncertainty so predictable. The time is now.

Uncertainty 116

Uncertainty Cost-Benefit Sales Reporting 116

Smart Data Collective

MAY 3, 2021

2 Saves time and cost with machine learning. It also saves cost as they need not promise you with legal requirements of insurance coverage, paid vacations, or investing in excess worker capacity. New cost-structure models use complex machine learning algorithms to improve efficiency. #3

Big Data 130

Big Data Data mining Cost-Benefit Insurance 130

CIO Business Intelligence

MARCH 10, 2023

As organizations emerge post-pandemic, many of the risks and uncertainties manifested during that period will persist, including the hybrid workforce, supply chain risk, and other cybersecurity challenges. The result is a more efficient, cost-effective, and productive cyber workforce. Where to start?

Digital Transformation 143

Digital Transformation Cost-Benefit ROI Risk 143

CIO Business Intelligence

OCTOBER 12, 2023

Premium Plus includes access to sustainability insights derived from business processes’ carbon footprints and financial costs (SAP’s “ green ledger ”), new generative AI capabilities accessed through its Joule virtual assistant, improved forecasting, and the ability to create a portal for suppliers to simplify spend management.

Cost-Benefit 124

Cost-Benefit Uncertainty Enterprise Risk 124

CIO Business Intelligence

AUGUST 5, 2022

The shift toward hybrid IT has clear upsides, enabling organizations to choose the right solution for each task and workload, depending on criteria such as performance, security, compliance, and cost, among other factors. The HPE GreenLake Advantage.

IT 98

IT Manufacturing Business Objectives Cost-Benefit 98

Smart Data Collective

SEPTEMBER 7, 2021

Data-based insights can help make the right decisions, keep up with market trends and navigate the uncertainty. Here’s a brief overview of the top benefits it brings: A better understanding of the customer. Apart from all-above pros of big data, leading global retailers use it to their benefit in the unique way.

Big Data 145

Big Data Technology Predictive Analytics Cost-Benefit 145

CIO Business Intelligence

JUNE 22, 2022

Unfortunately, many organizations find themselves susceptible to the tactics used by consultants to manage their risk and optimize a commercial arrangement to their benefit. This takes planning. Following are the primary tactics organizations must be aware of: 1. Establishing relationship leverage.

Consulting 128

Consulting Uncertainty Cost-Benefit Risk 128

CIO Business Intelligence

MARCH 14, 2022

Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. This acknowledges that the purpose of measurement is to reduce uncertainty. And the purpose of reducing uncertainty is to make better decisions. I call this point data saturation.

Uncertainty 105

Uncertainty Measurement Cost-Benefit Optimization 105

CIO Business Intelligence

MARCH 7, 2023

It generates leads, closes deals, and even makes coffee (just kidding, but wouldn’t that be amazing?)” It’s easy to see why they’re interested: Generative AI tools such as ChatGPT can write sales proposals or respond interactively to customer complaints far quicker and more cost-effectively than a person.

IT 97

IT Sales Cost-Benefit Interactive 97

CIO Business Intelligence

NOVEMBER 30, 2023

But in today’s world, endlessly extending the network to more branch offices, remote users, and cloud apps, and defending network access through ever-growing stacks of point product hardware appliances breeds significant costs. You will also see examples of the benefits reaped by customers of the One True Zero Trust Platform.

Cost-Benefit 105

Cost-Benefit Uncertainty Optimization Risk 105

CIO Business Intelligence

SEPTEMBER 6, 2023

Today’s business climate is rife with economic uncertainty that is causing IT leaders to do more with less while still innovating to support the business. The other key ingredient is to lower the cost of support and services for the core in order to create funds for innovation. Let’s dive in.

Strategy 105

Strategy Uncertainty Cost-Benefit Optimization 105

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

This classification is based on the purpose, horizon, update frequency and uncertainty of the forecast. Based on the decisions being made and how quickly plans can adjust to new forecast updates, what is the cost of forecasting too high or too low? If the costs of prediction error are asymmetric (e.g. 95th percentile).

Forecasting 115

Forecasting Data Science Statistics Uncertainty 115

CIO Business Intelligence

MAY 9, 2023

Others conducted apples-to-apples comparisons of public cloud versus on-premises costs. You might even operate out of a colo facility for the benefits cloud adjacency affords you in reducing latency. Workload placement is based on several factors, including performance, latency, costs, and data governance rules, among other variables.

ROI 126

ROI Cost-Benefit KPI Uncertainty 126