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 120

Optimization Snapshot Metadata Cost-Benefit 120

IBM Big Data Hub

MAY 13, 2024

In the previous blog , we discussed the differentiated approach by IBM to delivering enterprise-grade models. In this blog, we delve into why foundation model choices matter and how they empower businesses to scale gen AI with confidence. Why are model choices important?

Modeling 70

Modeling Cost-Benefit Risk Testing 70

Cloudera

DECEMBER 19, 2023

There, I met with IT leaders across multiple lines of business and agencies in the US Federal government focused on optimizing the value of AI in the public sector. As also expected, most had experimented on their own with large language models (LLM) and image generators. The underlying reason?

Optimization 90

Optimization Cost-Benefit Unstructured Data Risk 90

CIO Business Intelligence

JULY 24, 2024

Large language models (LLMs) are hard to beat when it comes to instantly parsing reams of publicly available data to generate responses to general knowledge queries. Moreover, challenges around data privacy and recognition of intellectual property often require a level of transparency that simply does not exist in many off-the-shelf models.

Modeling 75

Modeling Insurance Cost-Benefit Unstructured Data 75

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 18, 2022

But when not managed strategically in the long run, cloud spending can quickly escalate and impact margins, cost of goods sold (COGS), and cost of revenue (COR). To optimize cloud investments, C-level executives are increasingly adopting cloud financial operations (FinOps).

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

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 111

Optimization Cost-Benefit Enterprise Consulting 111

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

DataRobot

AUGUST 27, 2021

These same benefits could also help universities better serve their students and protect their bottom line. A university can use AI to better manage student applications with a machine learning model that can predict whether a prospective student will apply. Individuals who will identify as at-risk students.

Optimization 97

Optimization Cost-Benefit Machine Learning Risk 97

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

CIO Business Intelligence

OCTOBER 4, 2024

A robust foundation, one founded on a digital workforce and an AI-optimized infrastructure, is necessary to reap the technology’s outsized rewards. 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.

Cost-Benefit 128

Cost-Benefit Risk Optimization Machine Learning 128

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.

Data-driven 125

Data-driven Optimization Enterprise Cost-Benefit 125

CIO Business Intelligence

DECEMBER 20, 2022

Deploying data and workloads in this model offers the potential for incredible value, including improved agility, functionality, cost savings, performance, cloud security, compliance, sustainability, disaster recovery—the list goes on. Hybrid multicloud has emerged as the new design center for organizations of all sizes.

Optimization 98

Optimization Cost-Benefit Modeling Risk 98

IBM Big Data Hub

APRIL 25, 2023

Now, let’s chat about why data warehouse optimization is a key value of a data lakehouse strategy. Read our blog on solving today’s challenges with a lakehouse architecture Value of data warehouse optimization Since its introduction over a century ago, the gasoline-powered engine has remained largely unchanged.

Optimization 56

Optimization Strategy Data Warehouse Cost-Benefit 56

IBM Big Data Hub

SEPTEMBER 12, 2023

The UK government’s Ecosystem of Trust is a potential future border model for frictionless trade, which the UK government committed to pilot testing from October 2022 to March 2023. The models also reduce private sector customs data collection costs by 40%.

Testing 83

Testing Modeling Cost-Benefit Consulting 83

IBM Big Data Hub

SEPTEMBER 27, 2023

Large language models (LLMs) are foundation models that use artificial intelligence (AI), deep learning and massive data sets, including websites, articles and books, to generate text, translate between languages and write many types of content. What are the benefits of open source LLMs?

Risk 91

Risk Modeling Cost-Benefit Enterprise 91

Timo Elliott

FEBRUARY 8, 2023

New cloud platform technologies have unleashed new opportunities for business model innovation. There are already over 1,000 ventilation systems already using the platform, with benefits of up to 40% energy savings (with corresponding cost and CO2 savings, depending on the source energy used).

Modeling 98

Modeling Cost-Benefit Optimization Machine Learning 98

Cloudera

DECEMBER 20, 2022

With the right insights, energy production from renewable assets can be optimized and better predict the future of supply and demand. Organizations working in traditional energy generation will have to adjust costs by improving the efficiency of these plants. Investment is unavoidable, so the question becomes about smart investment.

Optimization 80

Optimization Data Analytics Analytics Cost-Benefit 80

Smart Data Collective

MAY 8, 2022

Their skepticism has waned significantly, as they have finally started to discover the countless benefits that big data has to offer for their industry. Verizon Connect has talked at length about the benefits of using big data to streamline many business operations for fleet management. Keep reading to find out.

Optimization 109

Optimization Data Analytics Management Analytics 109

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

Smart Data Collective

APRIL 20, 2022

A growing number of companies are discovering the benefits of using analytics as part of their telemarketing strategy. Despite the naysayers emphasizing the importance of shifting towards an online marketing model, they realize it is still an incredible method for finding out what your clients need and how to readily speak to them.

Strategy 107

Strategy Optimization Analytics B2B 107

CIO Business Intelligence

OCTOBER 29, 2024

As research suggests, the potential benefits of generative AI (genAI) adoption far outweigh the challenges, making it imperative for businesses to adopt a strategic approach toward scaling their AI implementation while observing guidelines for ESG compliance. Training a single AI model emits as much as five average cars over their lifetimes.

Enterprise 119

Enterprise Cost-Benefit Metrics Strategy 119

Smart Data Collective

MAY 2, 2019

Big data has been especially important for optimizing their marketing campaigns. It will cost you, but your business will get the publicity you want. Here are some benefits of hiring a local SEO firm for your business: 1. Big data is vital for helping SEO companies identify and rectify inefficiencies in their models.

Big Data 111

Big Data Optimization Modeling Deep Learning 111

CIO Business Intelligence

AUGUST 4, 2022

Many companies that begin their AI projects in the cloud often reach a point when cost and time variables become issues. That’s typically due to the exponential growth in dataset size and complexity of AI models. “In But as models and datasets grow, there’s a stifling effect associated with the escalating compute cost and time. “But

Modeling 97

Modeling Cost-Benefit ROI Data Lake 97

Smart Data Collective

JULY 20, 2022

A growing number of businesses use big data technology to optimize efficiency. This illustrates the benefits of combining big data and lean thinking. While there are various interpretations or models to address such problems, Lean Thinking can contribute to the implementation of more optimal projects for a business.

Data-driven 128

Data-driven Optimization Big Data Data Strategy 128

IBM Big Data Hub

APRIL 26, 2024

As large language models (LLMs) have entered the common vernacular, people have discovered how to use apps that access them. However, there are smaller models that have the potential to innovate gen AI capabilities on mobile devices. Let’s examine these solutions from the perspective of a hybrid AI model.

Modeling 83

Modeling Data Processing Cost-Benefit Manufacturing 83

CIO Business Intelligence

AUGUST 27, 2024

Furthermore, the growing importance of AI necessitates the modernization of AI models and data pipelines to prevent issues like model drift and bias. A staged approach enables risk mitigation and resource optimization and ensures modernization efforts bolster operational efficiency and competitive advantage.

Cost-Benefit 110

Cost-Benefit Key Performance Indicator ROI Strategy 110

CIO Business Intelligence

AUGUST 9, 2024

Companies eager to harness these benefits can leverage ready-made, budget-friendly models and customize them with proprietary business data to quickly tap into the power of AI. But first, they need to consider where it fits in their organization, which processes will benefit the most, whether to buy or build it, and what it’ll cost.

Cost-Benefit 140

Cost-Benefit Data Governance Interactive Modeling 140

Rocket-Powered Data Science

MAY 21, 2024

Another example is Pure Storage’s FlashBlade ® which was invented to help companies handle the rapidly increasing amount of unstructured data coming into greater use, as required in the training of multi-modal AI models. Optimizing GenAI Apps with RAG—Pure Storage + NVIDIA for the Win!

Cost-Benefit 239

Cost-Benefit Unstructured Data Enterprise Technology 239

CIO Business Intelligence

JULY 2, 2024

CIOs face the daunting challenge of driving innovation while managing costs and ensuring practical implementation in a rapidly advancing digital landscape. This article presents essential strategies for CIOs to strike the optimal balance among innovation, value, cost, and practicality in tech investments.

Technology 111

Technology Cost-Benefit Digital Transformation Optimization 111

CIO Business Intelligence

NOVEMBER 19, 2024

If expectations around the cost and speed of deployment are unrealistically high, milestones are missed, and doubt over potential benefits soon takes root. The right tools and technologies can keep a project on track, avoiding any gap between expected and realized benefits. But this scenario is avoidable.

Analytics 52

Analytics Cost-Benefit Finance Data-driven 52

IBM Big Data Hub

JULY 25, 2023

Smart grids turn this model on its head. A smart grid is a digital electricity network that supplies power to consumers using interactive two-way communication, enabling automated, advanced energy delivery and a litany of opportunities for consumers to control their electricity use and costs.

Optimization 56

Optimization Technology Measurement Cost-Benefit 56

CIO Business Intelligence

JULY 18, 2024

“It’s very reminiscent of the early days of cloud when it was ‘weapons-free’ on spending with everyone trying to implement cloud — and now genAI — everywhere but with little to no cost control or governance,” he says. We’ve already seen the cost of AI really start to negatively impact cloud budgets,” he says. “In

Cost-Benefit 136

Cost-Benefit Experimentation Consulting Modeling 136

CIO Business Intelligence

JULY 1, 2024

These details are from the Check Point 2024 Cyber Security Report , which paints a combination of grim prospects and optimism. This technology is gaining popularity as it provides organizations several benefits, including simplifying network management, enhanced application performance, and operational cost savings.

Cost-Benefit 128

Cost-Benefit Optimization Reporting Software 128

erwin

JANUARY 9, 2020

For decades, data modeling has been the optimal way to design and deploy new relational databases with high-quality data sources and support application development. Today’s data modeling is not your father’s data modeling software. So here’s why data modeling is so critical to data governance.

Data Governance 144

Data Governance Modeling Metadata Unstructured Data 144

CIO Business Intelligence

JUNE 6, 2023

The calculation can be simplified as: ROI = Net benefits / Cost To keep it simple, if for example the cost of a new analytics tool is $1 million and the data team can run 5 projects this year on it, and the average project value is $1 million, the net benefit would be $4 million for an ROI of 400% in the first year.

Optimization 52

Optimization Cost-Benefit ROI Data-driven 52