Smart Data Collective

JUNE 15, 2022

As the current business world has changed rapidly owing to technology and other advancements, the most agile merchants have thrived and even prospered, typically by employing data-driven tactics. Following is a detailed look at some of the benefits of taking a data-driven approach in a retail business.

Advertising 97

Advertising Cost-Benefit ROI Sales 97

IBM Big Data Hub

FEBRUARY 14, 2024

Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). AIOps is one of the fastest ways to boost ROI from digital transformation investments. Here are some of the industries that are benefiting now from the added power of AI.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

BizAcuity

FEBRUARY 22, 2019

Financial Analytics solutions are benefiting organizations across sectors through a combination of cost savings, organizational alignment and the enablement of high value business risk analysis that was not previously attainable by the finance functions of an organization.

Analytics 75

Analytics Cost-Benefit Finance Sales 75

DataKitchen

MARCH 16, 2023

Metric Number One: Errors Reducing errors in data analytics is crucial for ensuring the accuracy and reliability of the insights generated by the team. Errors can originate from various sources, including data collection, integration, models, visualization, governance, and security. A simple way is the idea of a ‘story point.’

Metrics 130

Metrics Data Analytics Analytics Measurement 130

IBM Big Data Hub

AUGUST 28, 2023

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth. What is text mining?

Data mining 53

Data mining Machine Learning Deep Learning Marketing 53

FineReport

MAY 31, 2023

In today’s dynamic business environment, gaining comprehensive visibility into financial data is crucial for making informed decisions. In this article, we will explore the concept of a financial dashboard, highlight its numerous benefits, and provide various kinds of financial dashboard examples for you to employ and explore.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

CIO Business Intelligence

JANUARY 3, 2024

This can often lead to improvements in efficiency, performance, and cost savings by way of a holistic view of building operations. To make the business case compared to the status quo, it’s important to itemize all of these and ensure the full benefits of the digital twin can be articulated and understood.

Cost-Benefit 136

Cost-Benefit ROI Manufacturing Optimization 136

Alation

FEBRUARY 20, 2020

With a cloud deployment, enterprises can leverage a “pay as you go” model; reducing the burden of incurring capital costs. Not only can resources be quickly provisioned and optimized for different workloads and processing needs, but it can be done cost effectively. AWS Propelling Hybrid Cloud Environments. Conclusion.

Data Lake 52

Data Lake ROI Metadata Cost-Benefit 52

IBM Big Data Hub

AUGUST 11, 2023

If you are experiencing inefficiencies, bottlenecks, quality control challenges or compliance issues in your production processes, an MES can provide real-time data and performance analysis across production lines to identify and address these issues promptly. Compliance and security: For industries with strict regulatory requirements (e.g.,

Software 68

Software Manufacturing Cost-Benefit ROI 68

IBM Big Data Hub

SEPTEMBER 11, 2023

What makes or breaks the success of a modernization is our willingness to develop a detailed, data-driven understanding of the unique needs of those that we aim to benefit. How to prioritize : Use data to understand what enhancements and capabilities would bring the greatest benefit.

Data-driven 86

Data-driven IT Measurement Cost-Benefit 86

Jet Global

MAY 15, 2020

A company’s free cash flow shows how much cash a company is generating after taking operating costs and investments into account. The break-even point represents when total revenue and total costs are the same. Your capital costs have been recovered in full, along with your opportunity cost. t = Number of time periods.

Metrics 98

Metrics Finance Reporting KPI 98

datapine

FEBRUARY 22, 2022

2) BI Strategy Benefits. Over the past 5 years, big data and BI became more than just data science buzzwords. In response to this increasing need for data analytics, business intelligence software has flooded the market. The costs of not implementing it are more damaging, especially in the long term.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

Andrew White

JANUARY 9, 2022

Yet there is no inclusion in the conversation about the costs and issues related to the battery and materials used in the most expensive part of the EV. A data fabric that can’t read or capture data would not work. I’d set up a call with our team covering data management technologies. There are too many to list really.

Analytics 64

Analytics Measurement Modeling Data-driven 64

Domino Data Lab

JUNE 23, 2019

This talk will describe how you can navigate all these challenges that you’re going to face and build a business where every product interaction benefits from your investment in machine learning. And then you’ll do a lot of work to get it out and then there’ll be no ROI at the end. To prioritize, how do we do this?

Management 110

Management Machine Learning Experimentation Metrics 110

Alation

FEBRUARY 1, 2022

A new research report by Ventana Research, Embracing Modern Data Governance , shows that modern data governance programs can drive a significantly higher ROI in a much shorter time span. Historically, data governance has been a manual and restrictive process, making it almost impossible for these programs to succeed.

Data Lake 52

Data Lake Data Governance ROI Cost-Benefit 52

IBM Big Data Hub

AUGUST 4, 2023

When workers get their hands on the right data, it not only gives them what they need to solve problems, but also prompts them to ask, “What else can I do with data?” ” through a truly data literate organization. What is data democratization?

Data Architecture 59

Data Architecture Data Lake Machine Learning Data Governance 59

Jet Global

APRIL 14, 2022

Because outsourcing requires communication and data exchange between different companies, this option is even more cumbersome. Deep, proactive analysis is crucial for making key business decisions that benefit profitability, increase ROI, and reduce costly errors. Reduce the risk of human error. Improve data quality.

Data Collection 52

Data Collection Management Finance Reporting 52

Jet Global

MAY 1, 2023

Now, Delta managers can get a full understanding of their data for compliance purposes. Additionally, with write-back capabilities, they can clear discrepancies and input data. These benefits provide a 360-degree feedback loop. In this new era, users expect to reap the benefits of analytics in every application that they touch.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52