Smart Data Collective

SEPTEMBER 16, 2022

They are using big data technology to offer even bigger benefits to their fintech customers. The use of artificial intelligence technologies allows for improving the quality of service and minimizing costs. Benefits of Decentralized Finance: Transparency. Cost optimization. Unstructured data.

Finance 130

Finance Unstructured Data Cost-Benefit Big Data 130

CIO Business Intelligence

APRIL 8, 2025

In healthcare, missing treatment data or inconsistent coding undermines clinical AI models and affects patient safety. In retail, poor product master data skews demand forecasts and disrupts fulfillment. In the public sector, fragmented citizen data impairs service delivery, delays benefits and leads to audit failures.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

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. AI can optimize citizen-centric service delivery by predicting demand and customizing service delivery, resulting in reduced costs and improved outcomes.

Optimization 91

Optimization Cost-Benefit Unstructured Data Risk 91

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

Smart Data Collective

APRIL 5, 2022

Companies and individuals with the computing power that data scientists might need are able to sell it in exchange for cryptocurrencies. There are a lot of powerful benefits of offering an incentive-based approach as hardware accelerators. This significantly reduces the amount of time needed to engage in data science tasks.

Machine Learning 145

Machine Learning Cost-Benefit Data Science Unstructured Data 145

CIO Business Intelligence

SEPTEMBER 12, 2024

Recent research by Vanson Bourne for Iron Mountain found that 93% of organizations are already using genAI in some capacity, while Gartner research suggests that genAI early adopters are experiencing benefits including increases in revenue (15.8%), cost savings (15.2%) and productivity improvements (22.6%), on average.

ROI 110

ROI Cost-Benefit Unstructured Data Metadata 110

erwin

JANUARY 9, 2020

They also face increasing regulatory pressure because of global data regulations , such as the European Union’s General Data Protection Regulation (GDPR) and the new California Consumer Privacy Act (CCPA), that went into effect last week on Jan. Today’s data modeling is not your father’s data modeling software.

Data Governance 144

Data Governance Modeling Metadata Unstructured Data 144

datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Over the past 5 years, big data and BI became more than just data science buzzwords. In response to this increasing need for data analytics, business intelligence software has flooded the market. The costs of not implementing it are more damaging, especially in the long term.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

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. Expion hasn’t yet calculated the potential new business created, but the tool will save the company the cost of about 1.5

Insurance 111

Insurance IT Cost-Benefit Unstructured Data 111

CIO Business Intelligence

DECEMBER 19, 2023

After all, every department is pressured to drive efficiencies and is clamoring for automation, data capabilities, and improvements in employee experiences, some of which could be addressed with generative AI. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

CIO Business Intelligence

JANUARY 22, 2024

According to a recent analysis by EXL, a leading data analytics and digital solutions company, healthcare organizations that embrace generative AI will dramatically lower administration costs, significantly reduce provider abrasion, and improve member satisfaction. The timing could not be better.

Cost-Benefit 105

Cost-Benefit Digital Transformation Data-driven Unstructured Data 105

CIO Business Intelligence

SEPTEMBER 7, 2023

First, there is the need to properly handle the critical data that fuels defense decisions and enables data-driven generative AI. Organizations need novel storage capabilities to handle the massive, real-time, unstructured data required to build, train and use generative AI.

Unstructured Data 119

Unstructured Data Cost-Benefit Risk Data-driven 119

Smart Data Collective

APRIL 5, 2021

Big data has become the lifeblood of small and large businesses alike, and it is influencing every aspect of digital innovation, including web development. What is Big Data? Big data can be defined as the large volume of structured or unstructured data that requires processing and analytics beyond traditional methods.

Big Data 137

Big Data Data-driven IT Sales 137

CIO Business Intelligence

NOVEMBER 20, 2023

Using that speed and intelligence together with various data sets and use cases, TGen translates lab discoveries into better patient treatments at an unprecedented pace. McKinsey estimates that research and development gains from generative AI can save 10-15% of costs. I’ll be there and would love to have you join me.

Cost-Benefit 132

Cost-Benefit Unstructured Data Structured Data Modeling 132

CIO Business Intelligence

JUNE 18, 2024

The use of gen AI with ERP systems is still in its early days, but the combination is expected to provide several benefits, including helping employees create specialized ERP functionality on their own through code wizards, says Liz Herbert, a Forrester analyst and lead author of the report, “ How Generative AI Will Transform ERP.”

Enterprise 134

Enterprise Forecasting Unstructured Data Reporting 134

Cloudera

JANUARY 28, 2022

Customers vary widely on the topic of public cloud – what data sources, what use cases are right for public cloud deployments – beyond sandbox, experimentation efforts. Private cloud continues to gain traction with firms realizing the benefits of greater flexibility and dynamic scalability. Cost Management.

Slice and Dice 115

Slice and Dice Cost-Benefit Data Governance Risk 115

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. Our Top Data Science Tools.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

CIO Business Intelligence

NOVEMBER 1, 2023

It will be optimized for development in Java and JavaScript, although it’ll also interoperate with SAP’s proprietary ABAP cloud development model, and will use SAP’s Joule AI assistant as a coding copilot. “We The real benefit may be in the governance capabilities rather than the collaboration.

Enterprise 132

Enterprise Cost-Benefit Unstructured Data Software 132

AWS Big Data

NOVEMBER 21, 2024

We also go over the basic concepts of Hadoop high availability, EMR instance fleets, the benefits and trade-offs of high availability, and best practices for running resilient EMR clusters. This enhanced diversity helps optimize for cost and performance while increasing the likelihood of fulfilling capacity requirements.

Metrics 61

Metrics Machine Learning Strategy Big Data 61

Cloudera

APRIL 1, 2024

We scored the highest in hybrid, intercloud, and multi-cloud capabilities because we are the only vendor in the market with a true hybrid data platform that can run on any cloud including private cloud to deliver a seamless, unified experience for all data, wherever it lies.

Unstructured Data 105

Unstructured Data Cost-Benefit Metadata Machine Learning 105

CIO Business Intelligence

NOVEMBER 25, 2022

Tuning a transformation to make the most of data Carhartt launched its Cloud Express initiative as part of a foundational transformation to shift the company’s 220 applications to Microsoft Azure. Today, we backflush our data lake through our data warehouse.

Data Lake 128

Data Lake Data Warehouse Unstructured Data Data Architecture 128

Octopai

MARCH 22, 2023

This makes it an ideal platform for organizations that handle sensitive data. Cost: Snowflake’s pricing model is based on usage, which means you only pay for what you use. This can be more cost-effective than traditional data warehousing solutions that require a significant upfront investment.

Cost-Benefit 103

Cost-Benefit Data Warehouse Unstructured Data Optimization 103

CIO Business Intelligence

JULY 24, 2024

Meanwhile, efforts to re-engineer these models to perform specific tasks with retrieval augmented generation (RAG) frameworks or customized small language models can quickly add complexity, significant cost, and maintenance overhead to the AI initiative. The first step is building a new data pre-processing pipeline suitable for LLMs.

Modeling 75

Modeling Insurance Cost-Benefit Unstructured Data 75

erwin

JUNE 26, 2020

For example, before users can effectively and meaningfully engage with robust business intelligence (BI) platforms, they must have a way to ensure that the most relevant, important and valuable data set are included in analysis. Why You Need a Data Catalog – Three Business Benefits of Data Catalogs.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132

CIO Business Intelligence

SEPTEMBER 30, 2024

Of course, CIOs could credit many technologies over the decades — from the first personal computers to robotic process automation — for producing results such as improved speed and optimization. Asgharnia and his team built the tool and host it in-house to ensure a high level of data privacy and security.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

AWS Big Data

APRIL 25, 2024

In the era of data, organizations are increasingly using data lakes to store and analyze vast amounts of structured and unstructured data. Data lakes provide a centralized repository for data from various sources, enabling organizations to unlock valuable insights and drive data-driven decision-making.

Optimization 72

Optimization Data Lake Cost-Benefit Reporting 72

Cloudera

JANUARY 5, 2021

Website Operations —Analyze website operations to improve efficiencies in order fulfillment service levels, optimize delivery options offered. Consolidated Inventory & Sales Data — Build an enterprise view of sales and inventory across all channels. Reduced number of vehicles / drivers by 140 (@ $150k cost per) = $21m .

Forecasting 91

Forecasting Cost-Benefit Sales Unstructured Data 91

Smart Data Collective

JUNE 7, 2019

What is Big Data? Big Data is defined as a large volume of structured and unstructured data that a business comes across their day-to-day operations. However, the amount of data isn’t really a big deal. What’s important is the way organizations handle this data for the benefit of their businesses.

Big Data 104

Big Data Marketing Cost-Benefit Unstructured Data 104

CIO Business Intelligence

JUNE 28, 2023

The R&D laboratories produced large volumes of unstructured data, which were stored in various formats, making it difficult to access and trace. The team leaned on data scientists and bio scientists for expert support. That, in turn, led to a slew of manual processes to make descriptive analysis of the test results.

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

Smart Data Collective

DECEMBER 14, 2019

It allows leaders and innovators to explore and reach new levels of competitive advantages and save cost and time for both the company and the client. AI and big data are helping large companies already in optimizing many areas with smoother delivery and improved productivity. What is Big Data? Fewer calls. More sales.

Big Data 98

Big Data Cost-Benefit B2B Sales 98

IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications.

Unstructured Data 90

Unstructured Data Cost-Benefit Machine Learning Experimentation 90

CIO Business Intelligence

APRIL 22, 2022

What is data science? Data science is a method for gleaning insights from structured and unstructured data using approaches ranging from statistical analysis to machine learning. The difference between data analytics and data science is also one of timescale. The benefits of data science.

Data Science 140

Data Science Statistics Machine Learning Visualization 140

IBM Big Data Hub

JUNE 5, 2024

Software as a service (SaaS) applications have become a boon for enterprises looking to maximize network agility while minimizing costs. They offer app developers on-demand scalability and faster time-to-benefit for new features and software updates. Personalization and user experience optimization.

Analytics 79

Analytics Predictive Analytics Unstructured Data Data-driven 79

Smart Data Collective

NOVEMBER 20, 2022

Statistics reveal that hiring a new employee costs half or two times the employee’s salary. Cloud technology can store copious amounts of structured or unstructured data and has no limit. With video calling and voice calling facilities, teams can work together to sort the data.

Technology 130

Technology Unstructured Data Strategy Cost-Benefit 130

AWS Big Data

SEPTEMBER 26, 2024

Organizations are collecting and storing vast amounts of structured and unstructured data like reports, whitepapers, and research documents. By consolidating this information, analysts can discover and integrate data from across the organization, creating valuable data products based on a unified dataset.

Data Lake 101

Data Lake Cost-Benefit Unstructured Data Modeling 101

Smart Data Collective

MARCH 30, 2021

However, modern business has a huge number of sources of reliable data, which allows you to customize your SEO techniques and avoid annoying mistakes. According to Forbes , 95% of businesses cite the need to manage unstructured data as a problem for their business. Given all this data, you may answer more appropriately.

Data-driven 111

Data-driven Sales Big Data Marketing 111

CIO Business Intelligence

AUGUST 21, 2024

The previous state-of-the-art sensors cost tens of thousands of dollars, adds Mattmann, who’s now the chief data and AI officer at UCLA. These projects include those that simplify customer service and optimize employee workflows. Plus, each agent can be optimized for its specific tasks.

Risk 136

Risk Insurance Cost-Benefit Software 136