CIO Business Intelligence

JANUARY 6, 2025

Wetmur says Morgan Stanley has been using modern data science, AI, and machine learning for years to analyze data and activity, pinpoint risks, and initiate mitigation, noting that teams at the firm have earned patents in this space. I am excited about the potential of generative AI, particularly in the security space, she says.

IT 140

IT Cost-Benefit Measurement Experimentation 140

CIO Business Intelligence

JANUARY 5, 2025

Research from Gartner, for example, shows that approximately 30% of generative AI (GenAI) will not make it past the proof-of-concept phase by the end of 2025, due to factors including poor data quality, inadequate risk controls, and escalating costs. [1] AI in action The benefits of this approach are clear to see.

Enterprise 124

Enterprise Cost-Benefit Unstructured Data Data Quality 124

AWS Big Data

JANUARY 15, 2025

Improve accuracy and resiliency of analytics and machine learning by fostering data standards and high-quality data products. In addition to real-time analytics and visualization, the data needs to be shared for long-term data analytics and machine learning applications. This is further integrated into Tableau dashboards.

IoT 107

IoT Machine Learning Metadata Data-driven 107

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

Infor introduced its original AI and machine learning capabilities in 2017 in the form of Coleman, which uses its Infor AI/ML platform built on Amazon’s SageMaker to create predictive and prescriptive analytics. However, the productivity and staff morale benefits of AI-enabled applications are compelling.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

Cloudera

NOVEMBER 13, 2024

Here are just a few examples of the benefits of using LLMs in the enterprise for both internal and external use cases: Optimize Costs. These enable customer service representatives to focus their time and attention on more high-value interactions, leading to a more cost-efficient service model.

Cost-Benefit 87

Cost-Benefit Data Processing Testing Machine Learning 87

CIO Business Intelligence

NOVEMBER 18, 2024

The Global Banking Benchmark Study 2024 , which surveyed more than 1,000 executives from the banking sector worldwide, found that almost a third (32%) of banks’ budgets for customer experience transformation is now spent on AI, machine learning, and generative AI.

Digital Transformation 141

Digital Transformation Consulting Cost-Benefit Marketing 141

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. The team opted to build out its platform on Databricks for analytics, machine learning (ML), and AI, running it on both AWS and Azure. This costs me about 1% of what it would cost” to license the technology through Microsoft.

IT 122

IT Insurance Consulting Risk 122

datapine

JANUARY 21, 2020

As a result, BI can benefit the overall evolution as well as the profitability of a company, regardless of niche or industry. Download here the top benefits cheat sheet, and start reporting! Benefits Of Business Intelligence And Reporting. Let’s see what the crucial benefits are: 1. What Is BI Reporting?

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

O'Reilly on Data

SEPTEMBER 19, 2023

.” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” Those algorithms packaged with scikit-learn?

Machine Learning 336

Machine Learning Testing Modeling Cost-Benefit 336

datapine

OCTOBER 21, 2020

In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. We will then look at 18 big data examples in healthcare that already exist and that medical-based institutions can benefit from.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

AWS Big Data

JANUARY 9, 2025

Our experiments are based on real-world historical full order book data, provided by our partner CryptoStruct , and compare the trade-offs between these choices, focusing on performance, cost, and quant developer productivity. Data management is the foundation of quantitative research. groupBy("exchange_code", "instrument").count().orderBy("count",

Metadata 110

Metadata Snapshot Cost-Benefit Optimization 110

Rocket-Powered Data Science

FEBRUARY 15, 2023

3) How do we get started, when, who will be involved, and what are the targeted benefits, results, outcomes, and consequences (including risks)? That is: (1) What is it you want to do and where does it fit within the context of your organization? (2) 2) Why should your organization be doing it and why should your people commit to it? (3)

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

Corinium

JUNE 6, 2019

For instance, for a variety of reasons, in the short term, CDAOS are challenged with quantifying the benefits of analytics’ investments. There is usually a steep learning curve in terms of “doing AI right”, which is invaluable. The resulting cost savings can fuel the capital investment required to address growth objectives.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

NOVEMBER 1, 2024

It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. The team opted to build out its platform on Databricks for analytics, machine learning (ML), and AI, running it on both AWS and Azure. This costs me about 1% of what it would cost” to license the technology through Microsoft.

IT 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

FEBRUARY 20, 2025

Decades-old apps designed to retain a limited amount of data due to storage costs at the time are also unlikely to integrate easily with AI tools, says Brian Klingbeil, chief strategy officer at managed services provider Ensono. But they can be modernized.

Insurance 108

Insurance Cost-Benefit Unstructured Data Data Lake 108

Cloudera

JANUARY 7, 2025

Adopting hybrid and multi-cloud models provides enterprises with flexibility, cost optimization, and a way to avoid vendor lock-in. Cost Savings: Hybrid and multi-cloud setups allow organizations to optimize workloads by selecting cost-effective platforms, reducing overall infrastructure costs while meeting performance needs.

Cost-Benefit 82

Cost-Benefit Optimization Strategy Data-driven 82

datapine

DECEMBER 11, 2019

SaaS is a software distribution model that offers a lot of agility and cost-effectiveness for companies, which is why it’s such a reliable option for numerous business models and industries. Gartner predicts that the service-based cloud application industry will be worth $143.7 How will AI improve SaaS in 2020? 2) Vertical SaaS.

Software 314

Software Cost-Benefit Data-driven Data Processing 314

Rocket-Powered Data Science

MAY 21, 2024

Second question: What about technical debt and the cost of “lift and shift” to these new AI-ready architectures? Some of these investments are aimed at optimizing GPU utilization through advanced orchestration and scheduling, and others enable machine learning teams to build, evaluate, and govern their model development lifecycle.

Cost-Benefit 239

Cost-Benefit Unstructured Data Enterprise Technology 239

Smart Data Collective

APRIL 5, 2022

They are using tools like Amazon SageMaker to take advantage of more powerful machine learning capabilities. Amazon SageMaker is a hardware accelerator platform that uses cloud-based machine learning technology. There are a lot of powerful benefits of offering an incentive-based approach as hardware accelerators.

Machine Learning 145

Machine Learning Cost-Benefit Data Science Unstructured Data 145

DataKitchen

AUGUST 3, 2021

This post (1 of 5) is the beginning of a series that explores the benefits and challenges of implementing a data mesh and reviews lessons learned from a pharmaceutical industry data mesh example. Benefits of a Domain. But first, let’s define the data mesh design pattern. See the pattern? The post What is a Data Mesh?

Data Architecture 246

Data Architecture Data Lake Cost-Benefit Data Warehouse 246

AWS Big Data

MARCH 13, 2025

Amazon SageMaker brings together widely adopted AWS machine learning (ML) and analytics capabilities and addresses the challenges of harnessing organizational data for analytics and AI through unified access to tools and data with governance built in. We are excited to announce the general availability of SageMaker Unified Studio.

Analytics 97

Analytics Data Lake Data Warehouse Data-driven 97

CIO Business Intelligence

APRIL 5, 2022

But the latest analytics tools, powered by machine learning algorithms, can help companies predict demand more effectively, enabling them to adjust production and shipping operations. Second, Optimas is using data analytics to help better collaborate with its business customers to reduce costs and better manage their inventories.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

O'Reilly on Data

OCTOBER 22, 2020

The backstory: One of the most interesting aspects of machine learning (ML) is its very broad applicability across a variety of industries and use cases. What’s the cost of doing nothing? What costs do you incur, what exposures do take on now? ” A high cost of doing nothing means that this is an urgent matter.

Consulting 363

Consulting Risk Cost-Benefit Modeling 363

AWS Big Data

NOVEMBER 22, 2024

Organizations run millions of Apache Spark applications each month on AWS, moving, processing, and preparing data for analytics and machine learning. Data practitioners need to upgrade to the latest Spark releases to benefit from performance improvements, new features, bug fixes, and security enhancements. job to AWS Glue 4.0.

Cost-Benefit 102

Cost-Benefit Data-driven Software Testing 102

CIO Business Intelligence

MARCH 6, 2024

Multiple attacks on well-known manufacturers have ended with huge expenses, including Austrian aerospace parts maker, FACC AG, which lost $61 million thanks to a phishing scam , and Norsk-Hydro , which was hit by a ransomware attack that cost $75 million. The second business benefit is cost savings.

Manufacturing 126

Manufacturing ROI Cost-Benefit IoT 126

datapine

AUGUST 14, 2019

Data science tools are used for drilling down into complex data by extracting, processing, and analyzing structured or unstructured data to effectively generate useful information while combining computer science, statistics, predictive analytics, and deep learning. Here, we list the most prominent ones used in the industry. Source: RStudio.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

CIO Business Intelligence

MAY 28, 2022

Liberty Mutual’s cloud infrastructure runs an array of business applications and analytics dashboards that yield real-time insights and predictions, as well as machine learning models that streamline claims processing. We’re doing a lot on AI and machine learning and robotics. The benefits of a solid cloud foundation.

Insurance 145

Insurance Machine Learning Digital Transformation Cost-Benefit 145

CIO Business Intelligence

APRIL 12, 2023

Real-time AI brings together streaming data and machine learning algorithms to make fast and automated decisions; examples include recommendations, fraud detection, security monitoring, and chatbots. Real-time AI is a science project until benefits to the business are realized. It isn’t easy.

Machine Learning 145

Machine Learning Cost-Benefit Data-driven Strategy 145

David Menninger's Analyst Perspectives

JANUARY 21, 2025

MongoDB has benefited from a focus on the needs of development teams to deliver innovation through the development of data-driven applications. adds support for vector quantization, which takes advantage of compression to reduce memory requirements for vector processing, leading to lower costs and improved performance.

Data Lake 130

Data Lake IoT Cost-Benefit Enterprise 130

Smart Data Collective

AUGUST 29, 2022

It can be even more valuable when used in conjunction with machine learning. Machine Learning Helps Companies Get More Value Out of Analytics. There are a lot of benefits of using analytics to help run a business. You will get even more value out of analytics if you leverage machine learning at the same time.

Analytics 132

Analytics Predictive Analytics Machine Learning Insurance 132

CIO Business Intelligence

FEBRUARY 26, 2025

The term refers in particular to the use of AI and machine learning methods to optimize IT operations. This could be, for example, problems with stability in IT operations or the potential for cost savings. And how does an accelerated resolution affect operating costs and downtime?

IT 85

IT Cost-Benefit Optimization Machine Learning 85

Smart Data Collective

JUNE 19, 2022

The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. You can leverage machine learning to drive automation and data mining tools to continue researching members of your supply chain and statements your own customers are making. Price and Cost Risk.

Risk 144

Risk Cost-Benefit Risk Management Manufacturing 144

AWS Big Data

NOVEMBER 26, 2024

In practice, OTFs are used in a broad range of analytical workloads, from business intelligence to machine learning. Moreover, they can be combined to benefit from individual strengths. In later pipeline stages, data is converted to Iceberg, to benefit from its read performance.

Metadata 101

Metadata Data Lake Snapshot Data Warehouse 101

CIO Business Intelligence

OCTOBER 4, 2024

Employees who wish to boost their efficiency through AI can benefit not only from upskilling, but also be supported with the right data, applications, and collaboration tools. Reduce costs : Organizations can see long-term cost savings by investing in technology that boosts workplace productivity and reduces labor costs.

Cost-Benefit 128

Cost-Benefit Risk Optimization Machine Learning 128

Smart Data Collective

MAY 24, 2023

The business benefits by reducing agent workloads for repetitive issues that can be resolved with simple self-help solutions. Machine learning continually improves performance Perhaps the best part of AI is machine learning. Cost-effective. Fast response times.

Machine Learning 144

Machine Learning Cost-Benefit Technology Interactive 144

CIO Business Intelligence

JUNE 13, 2024

But purpose-built small language models (SLMs) and other AI technologies also have their place, IT leaders are finding, with benefits such as fewer hallucinations and a lower cost to deploy. SLMs can be trained to serve a specific function with a limited data set, giving organizations complete control over how the data is used.

IT 131

IT Cost-Benefit Machine Learning Testing 131

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. Easy access to constant improvement is another AI growth benefit. Now, innovations in machine learning and AI are powering the next generation of intelligent automation.”

IT 143

IT Machine Learning Cost-Benefit Data-driven 143