Remove Forecasting Remove ROI Remove Unstructured Data
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CIOs contend with gen AI growing pains

CIO Business Intelligence

Soumya Seetharam, CDIO at Corning, said the manufacturer has been on its data journey for a few years, with more than 70% of its business transaction data being ingested into a data platform. But that’s only structured data, she emphasized. I think driving down the data, we can come up with some kind of solution.”

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5 tips for better business value from gen AI

CIO Business Intelligence

Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. Improving data quality and integrating new data sources to enrich customer and prospect data are vital for applying AI in marketing and sales. Paul Boynton, co-founder and COO of Company Search Inc.,

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Biggest Trends in Data Visualization Taking Shape in 2022

Smart Data Collective

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. What is the cost and ROI of Data Virtualization? In forecasting future events.

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Generative AI’s killer enterprise app just might be ERP

CIO Business Intelligence

Some organizations have been using traditional AI with ERP systems for years, for example, for forecasting market trends or optimizing supply chains. Because the use of gen AI in ERP systems is still in its infancy, IT leaders are still figuring out how to calculate the ROI , Herbert adds.

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Data transformation takes flight at Atlanta’s Hartsfield-Jackson airport

CIO Business Intelligence

“This allows us to excel in this space, and we can see some real-time ROI into those analytic solutions.” Pruitt says the airport’s new capabilities provide data-driven insights for improving operations, passenger experience, and non-aeronautical revenue across airport business units.

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Maximizing Supply Chain Agility through the “Last Mile” Commitment

Cloudera

In today’s retail environment, retailers realize that building demand forecasts simply based upon historical transaction, promo, and pricing data alone is not good enough. Data today has a shelf life much like produce and needs to be updated in real-time to be relevant. Including new data sources like demand signals (e.g.

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Real-time artificial intelligence and event processing  

IBM Big Data Hub

In 2023, the IBM® Institute for Business Value (IBV) surveyed 2,500 global executives and found that best-in-class companies are reaping a 13% ROI from their AI projects—more than twice the average ROI of 5.9%. Non-symbolic AI can be useful for transforming unstructured data into organized, meaningful information.