AWS Big Data

NOVEMBER 26, 2024

Initially, data warehouses were the go-to solution for structured data and analytical workloads but were limited by proprietary storage formats and their inability to handle unstructured data. Moreover, they can be combined to benefit from individual strengths.

Metadata 101

Metadata Data Lake Snapshot Data Warehouse 101

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

“Similar to disaster recovery, business continuity, and information security, data strategy needs to be well thought out and defined to inform the rest, while providing a foundation from which to build a strong business.” Overlooking these data resources is a big mistake. What are the goals for leveraging unstructured data?”

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

Smart Data Collective

MAY 1, 2022

In this age of the internet, we come across enough text that will cost us an entire lifetime to read. Artificial intelligence, machine learning, and advanced data analytics techniques come together to accomplish this. If data had to be sorted manually, it would easily take months or even years to do it. What is text analysis?

Unstructured Data 132

Unstructured Data Cost-Benefit Machine Learning Marketing 132

CIO Business Intelligence

DECEMBER 14, 2023

AI can help with all of these challenges via manufacturing-specific use cases that benefit manufacturers, their employees, and their customers. Process optimization In manufacturing, process optimization that maximizes quality, efficiency, and cost-savings is an ever-present goal. Here’s how. Artificial Intelligence

Manufacturing 143

Manufacturing Cost-Benefit Unstructured Data Optimization 143

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.” The elephant was unstoppable. Until it wasn’t.

Machine Learning 336

Machine Learning Testing Modeling Cost-Benefit 336

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

Smart Data Collective

OCTOBER 13, 2021

There is no disputing the fact that the collection and analysis of massive amounts of unstructured data has been a huge breakthrough. We would like to talk about data visualization and its role in the big data movement. Data virtualization is becoming more popular due to its huge benefits.

Visualization 145

Visualization Cost-Benefit Big Data Prescriptive Analytics 145

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

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

IT 111

IT Insurance Cost-Benefit Unstructured Data 111

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

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

BizAcuity

MARCH 29, 2019

Data lakes are centralized repositories that can store all structured and unstructured data at any desired scale. The power of the data lake lies in the fact that it often is a cost-effective way to store data. Avoid the misperception of thinking of a data lake as just a way of doing a database more cheaply.

Data Lake 102

Data Lake Unstructured Data Cost-Benefit Data Quality 102

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

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

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

OCTOBER 20, 2020

How Can Data Play an Important Role in GTM? There are a number of reasons that data analytics is transforming the direction of GTM marketing in 2021. Some of these were addressed in the Data Driven Summit 2018. Why Having a Data-Driven GTM Strategy Is Important? There is no need to hire expensive data analysts.

Marketing 136

Marketing Data Analytics Analytics Big Data 136

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

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

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

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

Smart Data Collective

JULY 31, 2022

We have talked about a lot of the benefits of using predictive analytics in finance. Increasing energy and financing costs, as well as high inflation, are the primary causes of economic weakness in the Eurozone. Traders can have even more difficulty identifying the best investing opportunities as market volatility intensifies.

Predictive Analytics 145

Predictive Analytics Analytics Uncertainty Forecasting 145

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. In one case involving air bags, 60 to 70 million vehicles were recalled worldwide , across at least 19 manufacturers, costing close to €25bn. This can be a major challenge.

Manufacturing 115

Manufacturing Unstructured Data Cost-Benefit Risk 115

Smart Data Collective

DECEMBER 18, 2020

A few years ago, we talked about the benefits of using AI and big data in disaster relief. In seven of the last 10 years, there have been 10 or more weather-related disasters with costs exceeding $1 billion each. These problems put the importance of big data and AI to the test, as we strive to fight the problems they cause.

Cost-Benefit 118

Cost-Benefit Big Data Unstructured Data Risk 118

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

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. We all get in our own way sometimes when we hang on to old habits.”

Management 141

Management Data Governance Cost-Benefit Structured Data 141

CIO Business Intelligence

SEPTEMBER 29, 2023

That’s because vast, real-time, unstructured data sets are used to build, train, and implement generative AI. PayPal is a good example, improving the detection of fraudulent transactions using Intel® technologies integrated into a real-time data platform from Aerospike. Regulatory compliance.

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

bridgei2i

AUGUST 2, 2020

Yet, claims need to be settled, now more than ever and the cost of a single mistake is high, both the customer and the insurer. 2: Machine Learning – Once we can make sense of this data, in all its myriad forms, and read it, we need to understand patterns and anomalies from this data.

Digital Transformation 95

Digital Transformation Insurance Unstructured Data Cost-Benefit 95

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

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. Ensures regulatory compliance.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132

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 1, 2023

The real benefit may be in the governance capabilities rather than the collaboration. Until now maintaining a “clean core” was considered its own reward, with benefits including easier annual upgrades and simplified system maintenance, but now SAP is offering to reward enterprises with additional credits for BTP usage.

Enterprise 132

Enterprise Cost-Benefit Unstructured Data Software 132

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 18, 2024

It’s difficult to estimate cost savings at Runmic because the company embraced AI early in its short history, Kouhlani says. Enterprise resource planning (ERP) is ripe for a major makeover thanks to generative AI, as some experts see the tandem as a perfect pairing that could lead to higher profits at enterprises that combine them.

Enterprise 134

Enterprise Forecasting Unstructured Data Reporting 134

CIO Business Intelligence

OCTOBER 3, 2023

These tools bring benefits beyond automation. Typically these would include: • Process discovery: comprises process mining to identify bottlenecks and inefficiencies and task mining to identify user interactions in process, enabling those processes for which automation will deliver maximum benefits to be given priority.

Cost-Benefit 122

Cost-Benefit Machine Learning Interactive Software 122

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. Semi-structured. Agile Development.

Big Data 101

Big Data Software Unstructured Data Data Integration 101

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