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5 hot IT budget investments — and 2 going cold

CIO

CIOs anticipate an increased focus on cybersecurity (70%), data analysis (55%), data privacy (55%), AI/machine learning (55%), and customer experience (53%). Dental company SmileDirectClub has invested in an AI and machine learning team to help transform the business and the customer experience, says CIO Justin Skinner.

Budget 363
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Data Architect: Role Description, Skills, Certifications and When to Hire

Altexsoft

The 11th annual survey of Chief Data Officers (CDOs) and Chief Data and Analytics Officers reveals 82 percent of organizations are planning to increase their investments in data modernization in 2023. What’s more, investing in data products, as well as in AI and machine learning was clearly indicated as a priority.

Data 87
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Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

Traditional statistical methods use mainly internal, historical data to predict trends within relatively stable markets. Meanwhile, machine learning (ML) techniques are capable of processing a wide range of both historical and current data from multiple external and internal sources. Inventory-related KPIs.

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How to Successfully Implement HR Analytics and People Analytics in a Company

Altexsoft

Predictive analytics requires numerous statistical techniques, including data mining (detecting patterns in data) and machine learning. Organizations already use predictive analytics to optimize operations and learn how to improve the employee experience. Let’s explore several popular areas of its application.