Smart Data Collective

AUGUST 22, 2023

While there are many ways that organizations can bolster their digital defenses and help protect their networks and the information they hold, taking a data-driven approach is critical in our rapidly advancing world. Here is the crucial role of data in cybersecurity.

Data-driven 71

Data-driven Big Data Measurement Strategy 71

CIO Business Intelligence

MAY 23, 2024

Last year, for instance, the company launched a connected operating table and a solution called Servo Twinview, a digital ventilator twin where you can follow patient data by computer, smartphone, or tablet without having to disturb the patient unnecessarily.

Digital Transformation 111

Digital Transformation Measurement Cost-Benefit Data Warehouse 111

Smart Data Collective

JANUARY 31, 2023

Big data technology has unquestionably been a gamechanger for businesses. Data-driven businesses are 58% more likely to meet revenue goals than companies that do not use big data. However, there is a dark side to using big data technology. It is also increases security risks.

Data-driven 96

Data-driven Big Data Measurement Software 96

Smart Data Collective

AUGUST 4, 2022

Data analytics technology has changed many aspects of the modern workplace. A growing number of companies are using data to make more informed hiring decisions , track payroll issues and resolve internal problems. Keep reading to learn more about the benefits of a data-driven approach to conducting employee performance reviews.

Data-driven 132

Data-driven Metrics Software Data Collection 132

CIO Business Intelligence

OCTOBER 13, 2022

While pandemic-driven digital transformation has enabled the media and entertainment industry to stream awesome content 24/7 – digital technology is also safeguarding visitors, performing artist, and crew at the Eurovision Song Contest by monitoring their Covid-19 exposure levels in real time. So, how does it work?

Risk 98

Risk Broadcasting Recreation/Entertainment Dashboards 98

Smart Data Collective

JUNE 27, 2022

Data-driven businesses are far more successful than companies that don’t utilize data to their advantage. Unfortunately, they often find that managing their data effectively can be a challenge. Companies that rely on big data need a reliable IT department. Keep reading to learn how to do this.

Data-driven 114

Data-driven Management IT Big Data 114

IBM Big Data Hub

SEPTEMBER 11, 2023

The bulk of these uncertainties do not revolve around what software package to pick or whether to migrate to the cloud; they revolve around how exactly to apply these powerful technologies and data with precision and control to achieve meaningful improvements in the shortest time possible.

Data-driven 85

Data-driven IT Measurement Cost-Benefit 85

AWS Big Data

DECEMBER 7, 2023

Companies are increasingly seeking ways to complement their data with external business partners’ data to build, maintain, and enrich their holistic view of their business at the consumer level. In this post, we outline planning a POC to measure media effectiveness in a paid advertising campaign. For example, Coffee.Co

Measurement 99

Measurement Advertising Testing Data-driven 99

Smart Data Collective

SEPTEMBER 21, 2021

Retailers around the world are discovering that big data can be incredibly valuable to their bottom lines. A growing number of businesses are starting to look for new data-driven approaches to streamline their business models. Targeting the Right Variables for Your Data-Driven Retail Business Model.

Data-driven 113

Data-driven Metrics Big Data Sales 113

CIO Business Intelligence

SEPTEMBER 23, 2024

Data-driven insights are only as good as your data Imagine that each source of data in your organization—from spreadsheets to internet of things (IoT) sensor feeds—is a delegate set to attend a conference that will decide the future of your organization.

Manufacturing 122

Manufacturing Internet of Things Metadata Risk 122

Smart Data Collective

OCTOBER 5, 2021

There is no denying the fact that big data has become a critical asset to countless organizations all over the world. Many companies are storing data internally, which means that they have to be responsible for maintaining their own standards. Unfortunately, managing your own data server can be overwhelming.

Data-driven 112

Data-driven Management Big Data Software 112

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 109

Data-driven Cost-Benefit Data mining Big Data 109

Smart Data Collective

NOVEMBER 29, 2021

We have endlessly discussed the benefits of using big data to make the most out of your marketing strategies. Companies that neglect to use data analytics, AI and other forms of big data technology risk falling behind to their competitors. Data Technology Makes Email Marketing Automation Far More Feasible.

Data-driven 111

Data-driven Marketing Big Data Sales 111

Cloudera

AUGUST 21, 2021

The same study also stated that having stronger online data security, being able to conduct more banking transactions online and having more real-time problem resolution were the top priorities of consumers. . Financial institutions need a data management platform that can keep pace with their digital transformation efforts.

Data-driven 102

Data-driven Digital Transformation Risk Risk Management 102

Anmut

MARCH 22, 2023

Data maturity models are a crucial step for any organisation looking to improve their data, informing if your current data practices are helping, or holding back, your business. ? Organisations that reach the highest stage of data maturity achieve a market value increase of up to 500%, compared to lower maturity organisations.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

Alation

NOVEMBER 17, 2022

But what does it mean for an organisation to be truly data-driven? What foundation needs to be in place at the start, and what journey does an organisation need to embrace to benefit from the forensic insights their data can reveal? This requires: Data is embedded into the processes of the organisation.

Data-driven 52

Data-driven Cost-Benefit Business Objectives Technology 52

Smart Data Collective

SEPTEMBER 4, 2020

Big data is becoming increasingly important in business decision-making. The market for data analytics applications and solutions is expected to reach $105 billion by 2027. However, big data technology is only a viable tool for business decision-making if it is utilized appropriately. Guide to Creating a Big Data Strategy.

Data-driven 89

Data-driven Big Data Metrics Strategy 89

CIO Business Intelligence

OCTOBER 23, 2024

Despite AI’s potential to transform businesses, many senior technology leaders find themselves wrestling with unpredictable expenses, uneven productivity gains, and growing risks as AI adoption scales, Gartner said. Gartner’s data revealed that 90% of CIOs cite out-of-control costs as a major barrier to achieving AI success.

Enterprise 141

Enterprise Cost-Benefit Broadcasting Risk 141

CIO Business Intelligence

AUGUST 19, 2024

As an “AI-native” security architecture, HyperShield promises to redefine traditional security protocols through its automated proactive cybersecurity measures and AI-driven security solutions. The imminent release of Cisco HyperShield this month marks a pivotal evolution in the cybersecurity landscape.

Measurement 111

Measurement Data-driven Technology Management 111

CIO Business Intelligence

JUNE 27, 2024

Seven companies that license music, images, videos, and other data used for training artificial intelligence systems have formed a trade association to promote responsible and ethical licensing of intellectual property. They must also introduce operational processes document and disclose copyright-related information during dataset creation.”

Risk 128

Risk Measurement Risk Management Strategy 128

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

CIO Business Intelligence

OCTOBER 29, 2024

Data centers consumed 220-320 TWh (trillion watts per hour) in 2021, roughly 7% of what the entire US consumes annually. EA’s expertise ensures that an organization not only meets compliance standards but also capitalizes on the growing demand for sustainability-driven business models.

Enterprise 119

Enterprise Cost-Benefit Metrics Strategy 119

CIO Business Intelligence

JUNE 3, 2024

However, amidst the allure of newfound technology lies a profound duality—the stark contrast between the benefits of AI-driven software development and the formidable security risks it introduces. AI-powered applications are vast and varied, but with them also comes significant risk. So, how can an organization defend itself?

Testing 124

Testing Risk Data-driven Cost-Benefit 124

Smart Data Collective

MAY 15, 2019

Big data has created both positive and negative impacts on digital technology. On the one hand, big data technology has made it easier for companies to serve their customers. On the other hand, big data has created a number of security risks that they need to be aware of, especially with brands leveraging Hadoop technology.

Big Data 95

Big Data Risk Measurement Data mining 95

Cloudera

MAY 18, 2021

This article is the second in a multipart series to showcase the power and expressibility of FlinkSQL applied to market data. Code and data for this series are available on github. Flink SQL is a data processing language that enables rapid prototyping and development of event-driven and streaming applications.

Risk 98

Risk Marketing Risk Management Data-driven 98

CIO Business Intelligence

SEPTEMBER 12, 2024

Frustrated by the lack of generative AI tools, he discovers a free online tool that analyzes his data and generates the report he needs in a fraction of the usual time. A routine audit uncovers severe compliance issues with how the tool accesses and stores data. The accolades are short-lived.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. An enterprise starts by using a framework to formalize its processes and procedures, which gets increasingly difficult as data science programs grow. What Is Model Risk? Types of Model Risk.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Jet Global

MARCH 6, 2020

The industrial manufacturing industry produces unprecedented amounts of data, which is increasing at an exponential rate. Worldwide data is expected to hit 175 zettabytes (ZB) ?by by 2025, and 90 ZB of this data will be from IoT devices. Managing this increasing amount of data can wreak havoc on your financial teams.

Manufacturing 75

Manufacturing Data-driven Finance KPI 75

CIO Business Intelligence

NOVEMBER 21, 2024

To ensure every IT initiative directly contributes to measurable business outcomes, CIOs must move from operational managers to strategic partners, collaborating with business leaders to align IT decisions with enterprise goals. To ensure long-term success, CIOs should establish clear key performance indicators (KPIs) for each initiative.

52

52

DataKitchen

MARCH 5, 2024

Why Not Hearing About Data Errors Should Worry Your Data Team In the chaotic lives of data & analytics teams, a day without hearing of any data-related errors is a blessing. This creates an imbalance in workload and resource allocation and prevents a holistic view of data system health and efficiency.

Data Quality 148

Data Quality Measurement Testing Data-driven 148

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

O'Reilly on Data

MAY 27, 2020

Whether driven by my score, or by their own firsthand experience, the doctors sent me straight to the neonatal intensive care ward, where I spent my first few days. And yet a number or category label that describes a human life is not only machine-readable data. Numbers like that typically mean a baby needs help.

Testing 354

Testing Risk Measurement Reporting 354

CIO Business Intelligence

NOVEMBER 14, 2023

IoT gives businesses many advantages: enhanced efficiency, data-driven insights, reduced costs, and faster innovation. In this article, we’ll explore the risks associated with IoT and OT connectivity and the measures that organizations need to take to safeguard enterprise networks.

IoT 130

IoT Enterprise Manufacturing Internet of Things 130

Cloudera

JUNE 12, 2024

Traditional machine learning (ML) models enhance risk management, credit scoring, anti-money laundering efforts and process automation. Some of the biggest and well-known financial institutions are already realizing value from AI and GenAI: JPMorgan Chase uses AI for personalized virtual assistants and ML models for risk management.

Finance 77

Finance Risk Management Risk Data-driven 77

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

The difference is in using advanced modeling and data management to make faster scenario planning possible, driven by actionable key performance measures that enable faster, well-informed decision cycles. This may sound like FP&A’s mission today. Today, FP&A organizations perform much of this work manually.

Forecasting 130

Forecasting Machine Learning Finance Predictive Analytics 130

CIO Business Intelligence

MARCH 25, 2024

Cybersecurity in UAE’s companies is one of the top priorities; new work models and growing cyber threats have caused companies to dedicate more staff and capital to mitigating these types of risks. The entire ecosystem should engage proactively in reducing the UAE’s vulnerability to these threats.

IT 111

IT Reporting Risk Data-driven 111

CIO Business Intelligence

AUGUST 1, 2023

Data collection on tribal languages has been undertaken for decades, but in 2012, those working at the Myaamia Center and the National Breath of Life Archival Institute for Indigenous Languages realized that technology had advanced in a way that could better move the process along.

Risk 98

Risk IT Software Digital Transformation 98