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

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

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

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

Smart Data Collective

DECEMBER 21, 2020

We previously talked about the benefits of data analytics in the insurance industry. One report found that big data vendors will generate over $2.4 Key benefits of AI include recognizing speech, identifying objects in an image, and analyzing natural or unstructured data forms. Spotting fraudulent cases.

Insurance 142

Insurance Cost-Benefit Big Data Unstructured Data 142

Smart Data Collective

AUGUST 30, 2022

The sudden growth is not surprising, because the benefits of the cloud are incredible. Cloud technology results in lower costs, quicker service delivery, and faster network data streaming. It also allows companies to offload large amounts of data from their networks by hosting it on remote servers anywhere on the globe.

Technology 140

Technology Enterprise Cost-Benefit Data Processing 140

CIO Business Intelligence

SEPTEMBER 7, 2023

Organizations need novel storage capabilities to handle the massive, real-time, unstructured data required to build, train and use generative AI. The second challenge is managing new risks, which stem primarily from the threat of misinformation. more about this in my article about accelerating generative AI here ).

Unstructured Data 119

Unstructured Data Cost-Benefit Risk Data-driven 119

CIO Business Intelligence

MAY 8, 2024

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.”

IT 111

IT Insurance Cost-Benefit Unstructured Data 111

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

CIO Business Intelligence

SEPTEMBER 29, 2023

Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. Most predominantly, these organizations talk about the risks that are an intrinsic part of generative AI technology. At the top of that list are data privacy and security as well as output accuracy. Regulatory compliance.

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

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

FEBRUARY 29, 2024

The ask-an-expert tool enables manufacturers to increase productivity, drive down costs, and improve employees’ work-life balance. Using Microsoft Copilot, workers can also better avoid quality issues that in can cause safety issues and put lives at risk. This can be a major challenge.

Manufacturing 115

Manufacturing Unstructured Data Cost-Benefit Risk 115

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

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

CIO Business Intelligence

OCTOBER 2, 2024

Data management, when done poorly, results in both diminished returns and extra costs. Hallucinations, for example, which are caused by bad data, take a lot of extra time and money to fix — and they turn users off from the tools. For us, it’s all part of data governance.

Management 141

Management Data Governance Cost-Benefit Structured Data 141

CIO Business Intelligence

JULY 23, 2023

More than 60% of corporate data is unstructured, according to AIIM , and a significant amount of this unstructured data is in the form of non-traditional “records,” like text and social media messages, audio files, video, and images.

Data Governance 98

Data Governance Unstructured Data Cost-Benefit Machine Learning 98

CIO Business Intelligence

SEPTEMBER 20, 2023

Naturally, what you’re able to do – and how much risk that involves – depends at least as much on the state of your own enterprise data platform. Your data platform is the foundation for foundation models,” says Ram Venkatesh, Chief Technology Officer at Cloudera. LLMs pick that up on their own. That’s huge.”

Insurance 131

Insurance Unstructured Data Cost-Benefit Interactive 131

CIO Business Intelligence

JUNE 18, 2024

It’s difficult to estimate cost savings at Runmic because the company embraced AI early in its short history, Kouhlani says. Then, as you would onboard a junior intern, assign low-risk tasks such as routine reporting or data entry, where errors have minimal impact. However, he estimates employee time savings of 20% or more.

Enterprise 134

Enterprise Forecasting Unstructured Data Reporting 134

erwin

JUNE 26, 2020

A data catalog uses metadata, data that describes or summarizes data, to create an informative and searchable inventory of all data assets in an organization. Why You Need a Data Catalog – Three Business Benefits of Data Catalogs. Managing a remote workforce creates new challenges and risks.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 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

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

OCTOBER 3, 2023

These tools bring benefits beyond automation. They enable greater efficiency and accuracy and error reduction, better decision making, better compliance and risk management, process optimisation and greater agility. These could include cost savings, increased efficiency, better customer experiences or enhanced competitive advantage.

Cost-Benefit 122

Cost-Benefit Machine Learning Interactive Software 122

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

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. Finally, our goal is to diminish consumer risk evaluation periods by 80% without compromising the safety of our products.” This allowed us to derive insights more easily.”

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

Smart Data Collective

FEBRUARY 2, 2021

Consumers are generating huge amounts of data at a rapid rate, and it is estimated that up to 90% of all data was generated only in the past two years. In general, Big Data can help businesses in all fields – it’s not something reserved for tech companies. The post What Are the Industries That Benefit Most from Big Data?

Big Data 106

Big Data Recreation/Entertainment Cost-Benefit Finance 106

Smart Data Collective

SEPTEMBER 26, 2019

Unstructured. Unstructured data lacks a specific format or structure. As a result, processing and analyzing unstructured data is super-difficult and time-consuming. Semi-structured data contains a mixture of both structured and unstructured data. Data Integration. Semi-structured.

Big Data 101

Big Data Software Unstructured Data Data Integration 101

CIO Business Intelligence

SEPTEMBER 30, 2024

CIO.com / Foundry They also cited AI/ML capabilities in specific areas — such as risk management, fraud detection, smart manufacturing, predictive maintenance, quality control, and personalized employee engagement — as fueling transformation. Everyone is looking at AI to optimize and gain efficiencies, for sure.

Machine Learning 141

Machine Learning ROI Data Processing Optimization 141

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 6, 2023

Organizations can reap a range of benefits from deploying automation tools such as robotic process automation (RPA). Since AT&T launched its IA program, “we’ve seen annual benefits of close to $100 million in productivity gains and cost savings,” Austin says. “In Another benefit is greater risk management.

Cost-Benefit 119

Cost-Benefit Technology Unstructured Data Testing 119

Cloudera

DECEMBER 19, 2023

AI can optimize citizen-centric service delivery by predicting demand and customizing service delivery, resulting in reduced costs and improved outcomes. My final question to the roundtable was, “What are government agencies to do to optimize the value of AI today while balancing the inherent risks and limitations facing them?”

Optimization 91

Optimization Cost-Benefit Unstructured Data Risk 91

bridgei2i

FEBRUARY 24, 2021

In our latest episode of the AI to Impact podcast, host Monica Gupta – Manager of AI Actions, meets with Sunil Mudgal – Advisor, Talent Analytics, BRIDGEi2i, to discuss the benefits of adopting AI-powered surveillance systems in HR organizations. Many organizations today are dealing with large amounts of structured and unstructured data.

Cost-Benefit 92

Cost-Benefit Recreation/Entertainment Digital Transformation Scorecard 92

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

Sisense

MARCH 30, 2020

By 2021, Gartner predicts that NLP and conversational analytics will boost adoption of analytics and business intelligence from 35% of employees to over 50%, mostly because the historical challenges of understanding data are now easier. This enables a new class of users, front-office workers, to benefit.

Cost-Benefit 92

Cost-Benefit Unstructured Data Marketing Reporting 92

IBM Big Data Hub

NOVEMBER 10, 2023

Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs.

Cost-Benefit 95

Cost-Benefit Insurance Consulting Unstructured Data 95

Cloudera

AUGUST 8, 2024

Cloudera’s data lakehouse provides enterprise users with access to structured, semi-structured, and unstructured data, enabling them to analyze, refine, and store various data types, including text, images, audio, video, system logs, and more.

Enterprise 72

Enterprise Predictive Modeling Cost-Benefit Unstructured Data 72

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

JUNE 3, 2019

In a previous article I shared some of the challenges, benefits and trends of Big Data in the telecommunications industry. Big Data’s promise of value in the financial services industry is particularly differentiating. This integration is even more important, but much more complex with Big Data. Equity Amount.

Big Data 85

Big Data Unstructured Data Cost-Benefit Machine Learning 85