CIO Business Intelligence

OCTOBER 8, 2024

The typical reaction is to ban any use of it until you can figure out what it is, what it does, how it will benefit your business and how you can safely and securely deploy it. Do you really benefit by awaiting others to figure it out for you and then sell you their services — when they know little to nothing about your business?

Risk 124

Risk Technology Cost-Benefit Internet of Things 124

CIO Business Intelligence

APRIL 8, 2025

Fragmented systems, inconsistent definitions, legacy infrastructure and manual workarounds introduce critical risks. The decisions you make, the strategies you implement and the growth of your organizations are all at risk if data quality is not addressed urgently. Manual entries also introduce significant risks.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

O'Reilly on Data

APRIL 5, 2023

Jeff Desjardins, founder and editor-in-chief at Visual Capitalist , has published a fascinating infographic depicting 188 cognitive biases–and those are just the ones we know about. The bat, he tells us, costs a dollar more than the ball. How much does the ball cost? What are the benefits and who benefits?’”

Cost-Benefit 309

Cost-Benefit Data-driven Measurement Visualization 309

IBM Big Data Hub

SEPTEMBER 27, 2023

What are the benefits of open source LLMs? All this reduces the risk of a data leak or unauthorized access. Cost savings They are generally much less expensive in the long term than proprietary LLMs because no licensing fees are involved. Education on these risks is one answer to these issues of data and AI.

Risk 91

Risk Modeling Cost-Benefit Enterprise 91

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.” “Here’s our risk model. The elephant was unstoppable.

Machine Learning 339

Machine Learning Testing Modeling Cost-Benefit 339

CIO Business Intelligence

MARCH 19, 2025

If sustainability-related data projects fail to demonstrate a clear financial impact, they risk being deprioritized in favor of more immediate business concerns. Without robust data infrastructure, sustainability reporting can become fragmented, leading to inefficiencies and compliance risks.

IT 59

IT Data Governance Data-driven Metrics 59

datapine

SEPTEMBER 29, 2022

Paired to this, it can also: Improved decision-making process: From customer relationship management, to supply chain management , to enterprise resource planning, the benefits of effective DQM can have a ripple impact on an organization’s performance. Let’s examine the benefits of high-quality data in marketing. 1 – The people.

Data Quality 241

Data Quality Metrics Data-driven Management 241

Smart Data Collective

APRIL 13, 2020

Freshdesk published an article on the importance of big data in customer service. They detailed a number of the benefits of using data to improve customer satisfaction. This helps companies reduce the cost of missed appointments and the branding problems they create. However, big data has introduced other benefits of CRMs.

Data Collection 141

Data Collection Big Data Cost-Benefit Data-driven 141

CIO Business Intelligence

OCTOBER 10, 2024

This includes minimizing the risks associated with AI bias, guaranteeing transparency in AI decision-making and addressing energy consumption in blockchain networks. CIOs must stay informed about emerging solutions that reduce the energy demands of AI and blockchain while maintaining their operational benefits. federal agencies.

Metrics 124

Metrics Optimization Strategy Technology 124

Smart Data Collective

APRIL 10, 2020

We want to cover the costs of both job scheduling and appointment scheduling issues in this post. Companies that use machine learning can significantly reduce the costs of major accounting errors. Towards Data Science published a blog post discussing similar research on the topic. Most accounting systems track risk assessments.

Machine Learning 119

Machine Learning Cost-Benefit Big Data Forecasting 119

Smart Data Collective

JULY 7, 2022

We have discussed some of the benefits of AI technology in mainstream financial sectors like banking. Before we get into the details of the potential benefits of AI in the bitcoin market, we would like to explore the new position of the IMF. AI technology can create a lot of benefits for the bitcoin industry.

Cost-Benefit 126

Cost-Benefit Finance Risk Technology 126

Decision Management Solutions

APRIL 23, 2019

In February, we published a blog post on “Using Technology to Add Value in Insurance”. in which he states there are only three levers of value in insurance: Sell More, Manage Risk Better (aka underwriting and adjusting), and Cost Less to Operate. Let’s dive into greater detail on the second lever – Manage Risk Better.

Insurance 69

Insurance Risk Technology Management 69

AWS Big Data

DECEMBER 4, 2024

With this approach, each node in ANZ maintains its divisional alignment and adherence to data risk and governance standards and policies to manage local data products and data assets. Globally, financial institutions have been experiencing similar issues, prompting a widespread reassessment of traditional data management approaches.

Metadata 94

Metadata Data Governance Data Quality Data-driven 94

CIO Business Intelligence

MAY 24, 2024

This was one area addressed in the HP-sponsored IDC whitepaper on the benefits of integrating managed device services, published in April 2024 [1]. Register here to read the full HP-sponsored IDC whitepaper on the benefits of integrating managed device services. [1]

Management 110

Management IT Cost-Benefit Metrics 110

Smart Data Collective

SEPTEMBER 29, 2022

However, we haven’t discussed the benefits of using AI to distribute apps through app marketplaces in as much detail. With the competition so tough, app publishers are looking for other places where they can publish their solutions. Some of them are listed below: Mitigate app security risks. Help with marketing.

Technology 145

Technology Advertising Cost-Benefit Publishing 145

John Wheeler

APRIL 16, 2021

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. The culmination of the review effort will be our inaugural “Emerging Technologies: Tech Innovators in IRM, 2021” report slated to publish in late June.

Risk Management 59

Risk Management Risk Management Internet of Things 59

DataRobot Blog

MAY 10, 2022

Addressing the Key Mandates of a Modern Model Risk Management Framework (MRM) When Leveraging Machine Learning . The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States.

Risk 64

Risk Modeling Machine Learning Data Quality 64

CIO Business Intelligence

JULY 26, 2024

It also means some individual cloud projects fail, there’s been a change of provider, or there’s some disillusionment regarding costs of new cloud operating models. And more than 22% of respondents are still asking themselves about the benefits or ROI after they’ve started their cloud journey.

Digital Transformation 143

Digital Transformation Cost-Benefit Data Processing Risk 143

erwin

FEBRUARY 27, 2020

With effective change management, organizations usually realize faster implementations and lower costs. Organizations looking to adopt such an approach to change management would benefit from erwin Evolve – a solution addressing both enterprise architecture and business process modeling and analysis use cases.

Management 137

Management Enterprise Cost-Benefit Business Objectives 137

datapine

APRIL 15, 2020

No matter if you need to develop a comprehensive online data analysis process or reduce costs of operations, agile BI development will certainly be high on your list of options to get the most out of your projects. That way, your feedback cycle will be much shorter, workflow more effective, and risks minimized. Accept change.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

Smart Data Collective

JULY 31, 2022

We have talked about a lot of the benefits of using predictive analytics in finance. Traders will have to use it to manage their risks by making more informed decisions. The Spring 2022 forecast’s many unfavorable risks have come to fruition. There has been some recent evidence that the Eurozone economy is struggling.

Predictive Analytics 145

Predictive Analytics Analytics Uncertainty Forecasting 145

Smart Data Collective

NOVEMBER 19, 2020

Research published by Techliance shows that 98% of companies have used Agile and its effectiveness is around 30% higher than Waterfall. This article is about the phenomenon of Agile Portfolio Management, its benefits, and a step-by-step plan of how to implement it. What is Agile Portfolio Management? Creating agile portfolio.

Management 119

Management Cost-Benefit Strategy Software 119

CIO Business Intelligence

JUNE 15, 2022

They likely scoped out projects that can benefit from the newfound agility and migrated some early or pilot workloads. That’s a lot you need to oversee with high levels of risk and exposure should things go wrong. Many enterprises move to the public cloud, in part, as a cost-saving initiative. Is your work done? 5 – SLAs.

IT 145

IT Cost-Benefit Digital Transformation Management 145

CIO Business Intelligence

FEBRUARY 10, 2023

billion in 2022, according to a research study published by The Insight Partners in August 2022. With predictive analytics, organizations can find and exploit patterns contained within data in order to detect risks and opportunities. Financial services: Develop credit risk models. from 2022 to 2028.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

SEPTEMBER 12, 2024

Despite mixed early returns , the outcome appears evident: Generative AI coding assistants will remake how software development teams are assembled, with QA and junior developer jobs at risk. She compared the change impacting various roles to the process of publishing a novel. Are the benefits overhyped?

Software 143

Software Cost-Benefit Testing Consulting 143

CIO Business Intelligence

DECEMBER 11, 2023

“This regulation aims to ensure that fundamental rights, democracy, the rule of law and environmental sustainability are protected from high risk AI, while boosting innovation and making Europe a leader in the field,” said the press release issued by European Parliament.

Risk 127

Risk Insurance Testing Cost-Benefit 127

Smart Data Collective

AUGUST 7, 2019

Exactly one year ago today, SNS Telecom & IT published a report highlighting the demand for big data in the insurance industry. Dax Cragen, a CEO and leading expert on workers’ compensation, has already discussed the benefits of big data in his field. The risk can be defined by physicians or workers’ compensation officials.

Big Data 89

Big Data Insurance Cost-Benefit Risk 89

CIO Business Intelligence

MAY 16, 2022

ITIL’s systematic approach to IT service management (ITSM) can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. In 2011, another update — dubbed ITIL 2011 — was published under the Cabinet Office.

IT 105

IT Cost-Benefit ROI Risk 105

Smart Data Collective

DECEMBER 11, 2019

In 2013, Wired published a very interesting article about the role of big data in the field of integrated business systems. Integrated business systems provide a centralized repository where those benefits can be executed. If your business systems are not integrated, here are a few top benefits that you should consider.

Big Data 103

Big Data Cost-Benefit Software Risk 103

DataKitchen

SEPTEMBER 20, 2021

We call this approach “ Lean DataOps ” because it delivers the highest return of DataOps benefits for any given level of investment. Minimize Deployment Risk. Benefits of Development Testing. Testing produces many benefits. Rapid and repeated development iterations minimize wasted effort and non-value-add activities.

Testing 246

Testing Metrics Measurement Dashboards 246

Smart Data Collective

APRIL 3, 2022

Towards Data Science published an article titled How Renaissance beat the markets with Machine Learning , which emphasized the major benefits of AI in their trading. But today the most advanced tools are available to everyone at a fraction of the cost. This gives the strategy a distinct set of benefits. Reduced cost.

Technology 119

Technology Cost-Benefit ROI Strategy 119

Smart Data Collective

APRIL 12, 2019

Here are some benefits that need to be assessed. This is a much more feasible way for them to share group content without risking it all getting lost in the process. Cloud Technology Lower the Cost of Communicating. The usage costs are one of the benefits. Chua made an interesting observation in her post.

Cost-Benefit 102

Cost-Benefit Technology Publishing Risk 102

CIO Business Intelligence

NOVEMBER 23, 2022

Benefits of enterprise architecture There are several benefits to enterprise architecture , including resiliency and adaptability, managing supply chain disruptions, staff recruitment and retention, improved product and service delivery, and tracking data and APIs. Giving business the ability to prioritize investments.

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

AWS Big Data

APRIL 17, 2024

This model provides organizations with a cost-effective, scalable, and flexible solution for building analytics. times lower cost per user and up to 7.9 The choice of these delivery models depends on many factors, and each has their own benefits. Amazon Redshift delivers up to 4.9

Data Warehouse 113

Data Warehouse Analytics Cost-Benefit Data Processing 113

AWS Big Data

MARCH 29, 2024

Finally, Nexthink details the benefits achieved by adopting Amazon MSK. The next sections detail our modernization journey, including the challenges we faced and the benefits we realized with our new cloud-centered, AWS-based architecture. We also lacked a data buffer, risking potential data loss during outages.

Data-driven 104

Data-driven Cost-Benefit Metrics Management 104

Decision Management Solutions

MARCH 4, 2020

Balancing key profit drivers such as revenue, risk, & costs is central to success in lending and many other high volume, transactional decisions targeted with Decision Management. We have just published a new white paper – The Customer Journey to Decision Optimization. This paper will show you how.

Optimization 83

Optimization Cost-Benefit Publishing Strategy 83

erwin

JUNE 26, 2020

It organizes them into a simple, easy- to-digest format and then publishes them to data communities for knowledge-sharing and collaboration. Why You Need a Data Catalog – Three Business Benefits of Data Catalogs. Managing a remote workforce creates new challenges and risks. Business Metadata. Ensures regulatory compliance.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132