CIO Business Intelligence

OCTOBER 13, 2023

Cloud data architect: The cloud data architect designs and implements data architecture for cloud-based platforms such as AWS, Azure, and Google Cloud Platform. Data security architect: The data security architect works closely with security teams and IT teams to design data security architectures.

Data Architecture 132

Data Architecture Data Warehouse Statistics Visualization 132

Smart Data Collective

MAY 3, 2022

A few years ago, Walter Baker and his colleagues at McKinsey reported that one of the biggest advantages of big data in business is that it can help with pricing decisions. “Without uncovering and acting on the opportunities big data presents, many companies are leaving millions of dollars of profit on the table.

Data Analytics 89

Data Analytics Analytics Big Data Sales 89

Smart Data Collective

AUGUST 10, 2021

Big data and analytics technology is rapidly changing the future of modern business. Over 67% of companies spend over $10,000 a year on analytics solutions. Investments in analytics are being made across all major industries. Analytics Becomes Major Asset to Companies Across All Sectors.

Data Analytics 135

Data Analytics Analytics Big Data Key Performance Indicator 135

datapine

OCTOBER 21, 2020

Big data has changed the way we manage, analyze, and leverage data across industries. One of the most notable areas where data analytics is making big changes is healthcare. In this article, we’re going to address the need for big data in healthcare and hospital big data: why and how can it help?

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Smart Data Collective

JANUARY 6, 2021

Big data is central to financial management. The market for financial data analytics is expected to reach $10 billion by 2025. One of the biggest uses of big data in finance relates to accounts receivable management. More recently, we have seen even more impressive data on its effectiveness.

Data-driven 94

Data-driven Management Big Data Predictive Analytics 94

datapine

MARCH 8, 2021

We’ve delved into the impact of big data in healthcare. Healthcare reports can help reduce errors, enhance the acquisition of vital patient data, reduce needless expenditure, and improve healthcare processes exponentially. Your Chance: Want to test a healthcare reporting software for free? What Is Healthcare Reporting?

Reporting 198

Reporting KPI Management Cost-Benefit 198

Smart Data Collective

MARCH 30, 2022

Companies that know how to leverage analytics will have the following advantages: They will be able to use predictive analytics tools to anticipate future demand of products and services. They can use data on online user engagement to optimize their business models. How many plug-ins will I need?

Analytics 114

Analytics Cost-Benefit Testing Dashboards 114

Smart Data Collective

JANUARY 27, 2021

A number of new predictive analytics algorithms are making it easier to forecast price movements in the cryptocurrency market. Conversely, if predictive analytics models suggest that the value of a cryptocurrency price is likely to decrease, more investors are likely to sell off their cryptocurrency holdings.

Machine Learning 138

Machine Learning Forecasting Predictive Analytics Marketing 138

datapine

OCTOBER 11, 2023

3) Top 15 Warehouse KPIs Examples 4) Warehouse KPI Dashboard Template The use of big data and analytics technologies has become increasingly popular across industries. Being able to inform your strategies with actual facts instead of intuition will enable you to optimize your resources and ensure you are continuously improving.

Metrics 217

Metrics KPI Management Cost-Benefit 217

BizAcuity

APRIL 1, 2023

1] With the rise of Big Data in today’s world, Machine Learning (ML) is popularly used to identify, assess, and monitor financial risks as well as detect various suspicious activities and transactions. For predictive analytics to deliver high accuracy, a lot depends on the combination of domain knowledge and technical expertise.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

BizAcuity

JANUARY 18, 2023

With the rise of Big Data in today’s world, Machine Learning (ML) is popularly used to identify, assess, and monitor financial risks as well as detect various suspicious activities and transactions. Exploratory Data Analysis (EDA). Predictive Analytics. Predictive modeling for flagging suspicious activity.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

Cloudera

JANUARY 5, 2021

To enable these business capabilities requires an enterprise data platform to process streaming data at high volume and high scale, to manage and monitor diverse edge applications, and provide data scientists with tools to build, test, refine and deploy predictive machine learning models. .

Forecasting 90

Forecasting Cost-Benefit Sales Unstructured Data 90

Domino Data Lab

JULY 28, 2021

It is the job of a data scientist to navigate these subtle differences, pick the model that aligns best with the problem statement, optimize and monitor performance and translate the findings back into a business context. At this stage, data scientists begin writing code for computation and model-building.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

Smart Data Collective

AUGUST 15, 2019

Market Testing. Data makes it possible to target your ideal demographic seamlessly. For example, Chime Bank used artificial intelligence to test 216 versions of its homepage in just three months. According to data published by the Work Institute , employers will pay an estimated $680 billion in turnover costs by 2020.

Big Data 83

Big Data Sales Testing Statistics 83

IBM Big Data Hub

JULY 26, 2023

Digital twin technology, an advancement stemming from the Industrial Internet of Things (IIoT), is reshaping the oil and gas landscape by helping providers streamline asset management, optimize performance and reduce operating costs and unplanned downtime. Drilling operations optimization : Drilling operations are complex and costly.

Technology 56

Technology Cost-Benefit Optimization Internet of Things 56

IBM Big Data Hub

JULY 6, 2023

While data science and machine learning are related, they are very different fields. In a nutshell, data science brings structure to big data while machine learning focuses on learning from the data itself. What is data science? This post will dive deeper into the nuances of each field.

Machine Learning 58

Machine Learning Data Science Statistics Deep Learning 58

IBM Big Data Hub

FEBRUARY 23, 2024

Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends. Optimal for handling repetitive, straightforward queries, they are best suited for businesses with simpler customer interaction requirements.

Enterprise 104

Enterprise Interactive Data-driven Key Performance Indicator 104

IBM Big Data Hub

FEBRUARY 14, 2024

By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination. Maintenance schedules can use AI-powered predictive analytics to create greater efficiencies.

Cost-Benefit 87

Cost-Benefit Insurance Unstructured Data Machine Learning 87

IBM Big Data Hub

JUNE 29, 2023

Enterprises are constantly looking for new ways to optimize performance, increase reliability and extend asset lifespans—all without adding unnecessary costs. This information is then used to build predictive models of an asset’s performance over time and help spot potential problems before they arise.

Cost-Benefit 85

Cost-Benefit Measurement Management Predictive Analytics 85

FineReport

MARCH 24, 2024

Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios. Diagnostic analytics: Uncovering the reasons behind specific occurrences through pattern analysis. SQL manages and retrieves data from databases, handling larger datasets.

Statistics 52

Statistics Data mining Visualization Reporting 52

IBM Big Data Hub

SEPTEMBER 6, 2023

Search engine optimization (SEO): Deploying an AI solution to enhance search engine optimization (SEO) helps marketers increase page rankings and develop more sound strategies. AI can help marketers create and optimize content to meet the new standards.

Marketing 84

Marketing Technology Advertising ROI 84

BizAcuity

MAY 16, 2022

His name was William Gosset and he is credited to have developed the student t-test. Data allowed Guinness to hold their market dominance for long. When data is stored in silos and the back-end systems are not able to process the massive amounts of data seamlessly, critical information may be lost. Data mining.

Business Intelligence 52

Business Intelligence Data mining Visualization Data Lake 52

Smart Data Collective

DECEMBER 22, 2021

Big data technology is one of the most important forms of technology that new startups must use to gain a competitive edge. The success of your startup might depend on your ability to use big data to your full advantage. The right data strategy can help your startup become profitable.

Big Data 135

Big Data Data mining Data-driven Predictive Analytics 135

IBM Big Data Hub

NOVEMBER 30, 2023

A talent acquisition strategy is a comprehensive plan an organization develops to optimize its talent acquisition—the identification, attraction and retention of the right talent. Streamline the application process: Minimize the number of steps required and optimizing the application platform for user-friendliness.

Strategy 67

Strategy Cost-Benefit Consulting Data-driven 67

Sisense

OCTOBER 6, 2020

And, as industrial, business, domestic, and personal Internet of Things devices become increasingly intelligent, they communicate with each other and share data to help calibrate performance and maximize efficiency. The result, as Sisense CEO Amir Orad wrote , is that every company is now a data company.

Statistics 98

Statistics Unstructured Data Data-driven Visualization 98

CIO Business Intelligence

FEBRUARY 14, 2023

This has also accelerated the execution of edge computing solutions so compute and real-time decisioning can be closer to where the data is generated. AI continues to transform customer engagements and interactions with chatbots that use predictive analytics for real-time conversations.

Data Strategy 116

Data Strategy Strategy Machine Learning Data-driven 116

Domino Data Lab

JULY 28, 2021

Reinforcement learning focuses on optimizing a specific decision. The algorithms are trained on past decisions and effectively learn how to optimize the decision through being rewarded for the right choice and punished by the wrong choice. The Data Science Toolkit.

Data Science 45

Data Science Machine Learning Statistics Deep Learning 45

Business Over Broadway

SEPTEMBER 27, 2018

In this paper, I show you how marketers can improve their customer retention efforts by 1) integrating disparate data silos and 2) employing machine learning predictive analytics. In our world of Big Data, marketers no longer need to simply rely on their gut instincts to make marketing decisions.

Machine Learning 76

Machine Learning Data Integration Marketing Predictive Modeling 76

Cloudera

SEPTEMBER 12, 2018

Voya Financial prevented millions of dollars of fraudulent transactions by deploying predictive analytic capabilities on Cloudera. AbbVie, one of the world’s largest global research and development pharmaceutical companies, established a big data platform to provide end-to-end operations visibility, agility, and responsiveness.

Machine Learning 44

Machine Learning Big Data Data Science Data Warehouse 44

IBM Big Data Hub

JUNE 14, 2023

artificial intelligence (AI) applications, the Internet of Things (IoT), robotics and augmented reality, among others) to optimize enterprise resource planning (ERP), making companies more agile and adaptable. Ensure that sensitive data remains within their own network, improving security and compliance.

Manufacturing 76

Manufacturing Technology Internet of Things Cost-Benefit 76

BizAcuity

MARCH 31, 2022

By 2025, 80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance. of organizations who participated in an executive survey back in 2019 claimed they are going to be investing in big data and AI. Source: Gartner Research). Source: TCS).

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

IBM Big Data Hub

MARCH 19, 2024

Optimizing the process with AI tools can help recruiting teams zero in on right candidates, an essential capability in increasingly competitive employment markets. Then, once these have been posted on job boards, AI can conduct A/B testing on different versions of job descriptions to evaluate their effectiveness in attracting candidates.

Strategy 69

Strategy Predictive Analytics Risk Testing 69

AWS Big Data

OCTOBER 18, 2023

With Amazon Redshift, you can build lake house architectures and perform any kind of analytics, such as interactive analytics , operational analytics , big data processing , visual data preparation , predictive analytics, machine learning , and more. When the test is successful, choose OK.

Analytics 102

Analytics Data Warehouse Testing Dashboards 102

IBM Big Data Hub

JULY 11, 2023

Data warehouses are a critical component of any organization’s technology ecosystem. They provide the backbone for a range of use cases such as business intelligence (BI) reporting, dashboarding, and machine-learning (ML)-based predictive analytics that enable faster decision making and insights.

Data Warehouse 50

Data Warehouse Testing Sales Dashboards 50

AWS Big Data

NOVEMBER 8, 2023

The 3-node RA3 16XL provisioned cluster that had previously been hosting their warehouse was taking around 12 hours to ingest this data to Amazon Redshift , and Gilead was looking to optimize the data ingestion process in a more dynamic manner. Loading data is a key process for any analytical system, including Amazon Redshift.

Data Lake 81

Data Lake Data Warehouse Cost-Benefit Optimization 81

Sisense

JUNE 9, 2021

In training, wearable devices measure players’ workload, movement, and fatigue levels to manage their fitness and positioning and optimize their performance during play. Sensors in these devices connect to cellular phone transmitters or the club’s Wi-Fi network to monitor the data feeds.

Analytics 98

Analytics Data-driven Internet of Things Measurement 98

Sisense

NOVEMBER 30, 2020

Every company is becoming a data company. Data-Powered Apps delves into how product teams are infusing insights into applications and services to build products that will delight users and stand the test of time. The data LinkedIn offers its users can and should be used to optimize the benefit users get from the platform.

Analytics 98

Analytics Dashboards Metrics Data-driven 98