Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Global companies spent over $92.5 Here’s why.

Data-driven 111

Data-driven Cost-Benefit Data mining Big Data 111

Smart Data Collective

JANUARY 14, 2021

A lot of experts have talked about the benefits of using predictive analytics technology to forecast the future prices of various financial assets , especially stocks. While this obviously means that there is more risk, it also gives more informed investors a chance to beat market benchmarks.

Predictive Analytics 86

Predictive Analytics Forecasting Analytics Machine Learning 86

Smart Data Collective

SEPTEMBER 12, 2021

Big data has been an invaluable contribution to our daily lives. We have started relying on big data to research new products, improve our experience online and make a number of other improvements. One of the biggest benefits of big data has been in the field of investing. Are you considering investing in stocks and shares?

Data-driven 87

Data-driven Strategy Big Data Cost-Benefit 87

CIO Business Intelligence

NOVEMBER 26, 2024

From sophisticated cyberattacks targeting government entities to ransomware attacks on businesses, the threat landscape in the UAE is evolving rapidly, presenting significant challenges for CISOs tasked with safeguarding critical assets and data.

Strategy 109

Strategy IoT Risk Forecasting 109

Smart Data Collective

SEPTEMBER 19, 2021

Big data has become more important than ever in the realm of cybersecurity. You are going to have to know more about AI, data analytics and other big data tools if you want to be a cybersecurity professional. Big Data Skills Must Be Utilized in a Cybersecurity Role. Brilliant Growth and Wages.

Data-driven 122

Data-driven Big Data IoT Marketing 122

Jet Global

MARCH 30, 2021

Tax planning is playing an increasingly important part in corporates’ enterprise resource management (ERM) strategies, driven by the many uncertainties created by political, economic, and pandemic-related trends. Take Responsibility for Risk Oversight. Take Responsibility for Risk Oversight. Foster an Appropriate Risk Mindset.

Risk Management 98

Risk Management Risk Strategy Enterprise 98

DataRobot Blog

DECEMBER 6, 2022

Savvy data scientists are already applying artificial intelligence and machine learning to accelerate the scope and scale of data-driven decisions in strategic organizations. Data scientists are in demand: the U.S. Explore these 10 popular blogs that help data scientists drive better data decisions.

Experimentation 145

Experimentation Forecasting Data-driven Machine Learning 145

Jet Global

JULY 30, 2020

In many cases, you can improve the value Excel offers your budgeting and forecasting activities just by taking time to learn some of its nuances. To that end, we’ve compiled five useful tips to help you improve your use of Excel when budgeting and forecasting for your business.

Forecasting 91

Forecasting Finance Cost-Benefit Software 91

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

Infor’s Embedded Experiences allows users to create first drafts of text for specific business purposes and summarize insights as well as quickly analyze and interact with data. And its GenAI knowledge hub uses retrieval-augmented generation to provide immediate access to knowledge, potentially from multiple data sources.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

CIO Business Intelligence

SEPTEMBER 26, 2024

One is the security and compliance risks inherent to GenAI. To make accurate, data-driven decisions, businesses need to feed LLMs with proprietary information, but this risks exposing sensitive data to unauthorized parties. Another concern is the skill and resource gap that emerged with the rise of GenAI.

Enterprise 130

Enterprise Data-driven Risk Testing 130

Smart Data Collective

MARCH 2, 2023

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. However, there are even more important benefits of using big data during a bad economy.

Big Data 86

Big Data Uncertainty Risk Data mining 86

Jet Global

NOVEMBER 19, 2020

2020 brought with it a series of events that have increased volatility and risk for most businesses. Let’s look at some of the key risk categories that are often encountered by growing businesses. Credit Risk. An area of particular concern is credit risk concentration. Revenue Concentration Risk.

Risk 98

Risk Reporting Enterprise Sales 98

IBM Big Data Hub

MAY 1, 2024

AI tools help users address queries and resolve alerts by using supply chain data, and natural language processing helps analysts access inventory, order and shipment data for decision-making. From demand forecasting to route optimization, inventory management and risk mitigation, the applications of generative AI are limitless.

Forecasting 78

Forecasting Optimization Digital Transformation Risk 78

BI-Survey

MARCH 16, 2021

Corporate planning and forecasting needs to be carried out efficiently, in shorter cycles and must be updated quickly for well-founded decision-making. This results in growing competitive pressure, driven by innovation, complexity and changing social and political conditions. Digitalization is a key driver in this respect.

Forecasting 52

Forecasting Management Uncertainty Predictive Modeling 52

BI-Survey

MARCH 16, 2021

Corporate planning and forecasting needs to be carried out efficiently, in shorter cycles and must be updated quickly for well-founded decision-making. This results in growing competitive pressure, driven by innovation, complexity and changing social and political conditions. Digitalization is a key driver in this respect.

Forecasting 52

Forecasting Management Uncertainty Predictive Modeling 52

CIO Business Intelligence

NOVEMBER 27, 2024

From customer service chatbots to marketing teams analyzing call center data, the majority of enterprises—about 90% according to recent data —have begun exploring AI. For companies investing in data science, realizing the return on these investments requires embedding AI deeply into business processes.

Data Architecture 124

Data Architecture Cost-Benefit Machine Learning Experimentation 124

CIO Business Intelligence

SEPTEMBER 10, 2024

As a result, software supply chains and vendor risk management are becoming ever more vital (and frequent) conversations in the C-suite today, as companies seek to reduce their exposure to outages and the business continuity issues of key vendors their businesses depend on.

Risk Management 130

Risk Management Risk Enterprise Insurance 130

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. PODCAST: COVID 19 | Redefining Digital Enterprises. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

CIO Business Intelligence

MAY 28, 2024

For CISOs to succeed in this unprecedented security landscape, they must balance these threats with new approaches by performing continuous risk assessments, protecting digital assets, and managing the rapid pace of innovation in security technologies.

Strategy 131

Strategy IoT Risk Forecasting 131

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

IBM Big Data Hub

FEBRUARY 19, 2024

To mitigate these risks , companies need the resources and technology to develop robust contingency plans. Fewer disruptions : A healthy supply chain mitigates risks and protects against inevitable disruption. A supply chain control tower can connect many sources of data-driven information and improve end-to-end visibility.

Strategy 81

Strategy Management Forecasting Internet of Things 81

CIO Business Intelligence

NOVEMBER 21, 2024

Our heritage is rooted in developing innovative solutions that address the challenges of storing, managing, and protecting data in a complex IT environment. We know because we’ve been helping customers achieve these AI-driven outcomes. All these applications are made possible by one thing: data.

Snapshot 110

Snapshot Data Governance Machine Learning Data-driven 110

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. Energy: Forecast long-term price and demand ratios. Forecast financial market trends.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

DECEMBER 7, 2023

A nation known for innovative efficiency was a failure in one key area It goes without saying that the faster and more effectively disasters can be forecasted, detected, and responded to, the better the chance of minimizing damage and saving lives. And the key to success is having data that can be analyzed for actionable insights.

IoT 108

IoT Internet of Things Forecasting Digital Transformation 108

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. Simultaneously, major decisions were made to unify the company’s data and analytics platform.

IT 122

IT Insurance Consulting Risk 122

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. The complex and ever-evolving nature of logistics makes it an essential use case for big data applications. Did you know?

Big Data 275

Big Data Internet of Things Cost-Benefit Optimization 275

IBM Big Data Hub

JANUARY 22, 2024

Data centers are undergoing significant evolution. Catalysts and conundrums A dramatic shift in development and operations is making data centers more agile and cost-effective. Catalysts and conundrums A dramatic shift in development and operations is making data centers more agile and cost-effective.

Data-driven 100

Data-driven Forecasting Consulting Marketing 100

CIO Business Intelligence

DECEMBER 11, 2023

Traditionally, the work of the CFO and the finance team was focused on protecting the company’s assets and reputation and guarding against risk. It will strengthen and improve the veracity of financial data, and, most importantly, it will help CFOs take a more active role in value creation. AI will impact how the work gets done.

Finance 105

Finance Forecasting IoT Predictive Modeling 105

CIO Business Intelligence

OCTOBER 16, 2023

Predictive AI uses advanced algorithms based on historical data patterns and existing information to forecast outcomes to predict customer preferences and market trends — providing valuable insights for decision-making. It leverages techniques to learn patterns and distributions from existing data and generate new samples.

Forecasting 137

Forecasting Machine Learning Software Data-driven 137

DataRobot Blog

AUGUST 18, 2022

Challenges in inventory management, demand forecasting, price optimization, and more can result in missed opportunities and lost revenue. Retailers and manufacturers that incorporate AI in supply chain management greatly enhance their ability to forecast demand, manage inventory, and optimize price.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

CIO Business Intelligence

OCTOBER 2, 2024

While this leads to efficiency, it also raises questions about transparency and data usage. Data governance Strong data governance is the foundation of any successful AI strategy. This includes regular audits to guarantee data quality and security throughout the AI lifecycle.

Gap analysis 119

Gap analysis Risk Manufacturing Data Governance 119

IBM Big Data Hub

SEPTEMBER 6, 2023

While organizations gather data and undergo detailed reviews to craft a budget, the market doesn’t stand still. Why budgeting feels like a marathon Just like marathon training takes months of preparation, crafting a budget involves a lot of data collection, metrics analysis, resource allocation and collaboration.

Forecasting 82

Forecasting Marketing Sales Risk 82

CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. Simultaneously, major decisions were made to unify the company’s data and analytics platform.

IT 105

IT Insurance Consulting Risk 105

Corinium

JUNE 6, 2019

Are you seeing currently any specific issues in the Insurance industry that should concern Chief Data & Analytics Officers? Lack of clear, unified, and scaled data engineering expertise to enable the power of AI at enterprise scale. Regulations and compliance requirements, especially around pricing, risk selection, etc.,

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

JULY 18, 2022

The 3% increase in total IT spending represents slower growth than in 2021, as the economy as a whole and the IT sector in particular began to recover from the effects of the pandemic, and growth will largely be driven by cloud services and the data center, Gartner said. Cloud Computing, Data Center, Technology Industry

IT 144

IT Uncertainty Sales Data-driven 144

AWS Big Data

OCTOBER 9, 2024

We also discuss a data-driven approach using a hackathon focused on cost optimization along with Apache Spark and Apache HBase configuration optimization. This included web applications, Apache HBase data stores, Apache Solr search clusters, and Apache Hadoop clusters. Core nodes were also misconfigured to auto scale.

Optimization 117

Optimization Testing Data-driven Strategy 117

CIO Business Intelligence

JULY 2, 2024

This approach to better information can benefit IT team KPIs in most areas, ranging from e-commerce store errors to security risks to connectivity outages,” he says. Shankar notes that AI can also equip IT teams with the data-driven insights needed to optimize resource allocation, prioritize upgrades, and plan for the future.

IT 143

IT Machine Learning Cost-Benefit Software 143