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

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datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. The complex and ever-evolving nature of logistics makes it an essential use case for big data applications. Did you know?

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Big Data Cost-Benefit Internet of Things Optimization 275

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.

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DataKitchen

FEBRUARY 21, 2023

On 24 January 2023, Gartner released the article “ 5 Ways to Enhance Your Data Engineering Practices.” Or, as one of our customers put it, “How do I increase the total amount of team insight generated without continually adding more staff (and cost)?” Staff turnover, stress, and unhappiness. It’s not been going well.

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Cloudera

DECEMBER 20, 2022

Efficient use of data will therefore be critical to improving the competitiveness and productivity of assets, both traditional and renewable generation. Data efficiency in renewables. Effective use of data can have a direct impact on the cash flow of wind and solar generation companies in areas such as real-time decision making.

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Optimization Data Analytics Analytics Cost-Benefit 80

IBM Big Data Hub

JULY 25, 2023

Smart grids turn this model on its head. A smart grid is a digital electricity network that supplies power to consumers using interactive two-way communication, enabling automated, advanced energy delivery and a litany of opportunities for consumers to control their electricity use and costs. Wi-Fi, Z-Wave, Zigbee and 4G/5G).

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Optimization Technology Measurement Cost-Benefit 58

Smart Data Collective

APRIL 20, 2022

A growing number of companies are discovering the benefits of using analytics as part of their telemarketing strategy. Despite the naysayers emphasizing the importance of shifting towards an online marketing model, they realize it is still an incredible method for finding out what your clients need and how to readily speak to them.

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Strategy Optimization Analytics B2B 101

CIO Business Intelligence

JANUARY 22, 2024

AI-driven technology is not just a side project anymore. According to a recent analysis by EXL, a leading data analytics and digital solutions company, healthcare organizations that embrace generative AI will dramatically lower administration costs, significantly reduce provider abrasion, and improve member satisfaction.

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CIO Business Intelligence

JUNE 6, 2023

As we move further into the digital age, we continue to see a growing emphasis on data-driven decision-making. And as a result, there has been a surge in the development of new products, tools, and platforms competing to help businesses analyze and utilize more data, more effectively. What if this creates a new data silo, etc.?

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Optimization Cost-Benefit ROI Data-driven 52

Smart Data Collective

MAY 2, 2019

Large companies around the world are investing in big data. Big data has been especially important for optimizing their marketing campaigns. Local marketing agencies have discovered that SEO is more dependent on big data than ever. They are developing more data driven solutions to offer better search marketing strategies.

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Smart Data Collective

MARCH 30, 2021

A data-driven approach allows companies of any scale to develop SEO and marketing strategies based not on the opinion of individual marketers but on real statistics. Big data helps better understand your customers, adjust your strategy according to the obtained results, and even decide on the further development of your product line.

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Smart Data Collective

JANUARY 27, 2022

Big data technology has become a very important aspect of our lives. More businesses than ever are transitioning to data-driven business models. Research has shown that companies with big data strategies are 19 times more likely to become profitable. 1 Equip Your Employees with the Right Data Analytics Tools.

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Optimization IT Big Data Cost-Benefit 104

Laminar Security

DECEMBER 1, 2023

Cloud data security is one of the most critical, yet most challenging aspects of doing business in the age of cloud. As more organizations migrate their data to the cloud, they face an increasing range of risks and threats, including data breaches, data leakage, data loss, data misuse, data compliance violations, shadow data and more.

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Smart Data Collective

APRIL 20, 2023

There are many ways businesses are using big data to make better decisions and operate more efficiently Organizations can use big data to optimize expenses and reduce costs. A modern data infrastructure can help get more value from data by accelerating decision making, simplifying operations, and powering analytics.

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Internet of Things Cost-Benefit Big Data Data-driven 132

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. Fortunately, new advances in data technology have made accounts receivable management easier than ever.

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erwin

JANUARY 9, 2020

Enterprises are trying to manage data chaos. They also face increasing regulatory pressure because of global data regulations , such as the European Union’s General Data Protection Regulation (GDPR) and the new California Consumer Privacy Act (CCPA), that went into effect last week on Jan. GDPR: Key Differences.

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AWS Big Data

MAY 4, 2023

Encored Technologies (Encored) is an energy IT company in Korea that helps their customers generate higher revenue and reduce operational costs in renewable energy industries by providing various AI-based solutions. It allows for efficient data storage and transmission, as well as easy manipulation of the data using specialized software.

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Data-driven Technology Cost-Benefit Machine Learning 52

CIO Business Intelligence

APRIL 29, 2024

By leveraging data-driven methods, businesses can optimize and reclaim operating capital from their extensive technology budgets, reducing expenses without resorting to drastic measures. However, it’s important to remember that headcount and budget cuts are not the only strategies to streamline costs.

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Technology Cost-Benefit Data-driven Finance 64

CIO Business Intelligence

MAY 16, 2024

Digital transformation is a gradual journey, and for many CIOs, becoming more data-driven hinges on how sustainability practices are systematically adopted. Business plans are focused on digital and sustainable transformation to bring us closer to the goal of a data-driven company,” says its CIO, Stefano Biondini.

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DataRobot Blog

AUGUST 18, 2022

Challenges in inventory management, demand forecasting, price optimization, and more can result in missed opportunities and lost revenue. According to McKinsey & Company, organizations that implement AI improve logistics costs by 15%, inventory levels by 35%, and service levels by 65% 2. Benefits of AI in Supply Chain.

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Manufacturing Cost-Benefit Forecasting Data-driven 98

CIO Business Intelligence

SEPTEMBER 19, 2023

Organizations all around the globe are implementing AI in a variety of ways to streamline processes, optimize costs, prevent human error, assist customers, manage IT systems, and alleviate repetitive tasks, among other uses. And with the rise of generative AI, artificial intelligence use cases in the enterprise will only expand.

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CIO Business Intelligence

JUNE 21, 2023

The study’s data shows that as automation eliminates repetitive tasks, the pendulum will swing toward the distinctly human skills of communication, creativity, and analytical thinking. Speak their language: Frame your arguments in terms of business outcomes and financial benefits. What’s the opportunity cost of not doing these things?

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Modeling Cost-Benefit ROI Digital Transformation 105

IBM Big Data Hub

NOVEMBER 24, 2023

Application modernization starts with assessment of current legacy applications, data and infrastructure and applying the right modernization strategy (rehost, re-platform, refactor or rebuild) to achieve the desired result. Duplicative capabilities across applications and channels give rise to duplicative IT resources (e.g.,

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BizAcuity

JULY 13, 2021

Artificial Intelligence impersonates human intelligence using various algorithms to collect data and improve performance with data compliance over some time. For the mass of collected data that AI technology can process and use, the customer’s habits are known.

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Optimization Marketing Analytics Data Warehouse 52

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. That gap is becoming increasingly apparent because of artificial intelligence’s (AI) dependence on effective data management. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

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Strategy Management Key Performance Indicator ROI 116

CIO Business Intelligence

MAY 9, 2024

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. At a high level, a CAIO will need to understand the business well enough to identify where AI can make an impact, whether through new value streams or optimization, Daly says.

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Risk Management Risk Cost-Benefit Technology 138

Smart Data Collective

AUGUST 30, 2022

Companies spent over $240 billion on big data analytics last year. That figure is expected to grow as more businesses discover its benefits. There are many important applications of data analytics technology. Analytics technology can help companies optimize their prices more effectively. Cost-Plus Pricing.

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CIO Business Intelligence

DECEMBER 6, 2023

Much of our digital agenda is around data. The migration, still in its early stages, is being designed to benefit from the learned efficiencies, proven sustainability strategies, and advances in data and analytics on the AWS platform over the past decade. Before we were quite fragmented across different technologies.

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Manufacturing Data Lake Digital Transformation Machine Learning 97

CIO Business Intelligence

DECEMBER 12, 2023

In most IT landscapes today, diverse storage and technology infrastructures hinder the efficient conversion and use of data and applications across varied standards and locations. As a result, islands of applications and data are formed. Data has gravity and it tends to stay where it lands.

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Management Cost-Benefit Software Data-driven 98

IBM Big Data Hub

OCTOBER 25, 2023

Here’s how CTOs and CIOs can evaluate their technology and data estates, assess the opportunity and chart a path forward. First, technology leaders need to estimate the full financial impact of modernization (versus the cost of not modernizing) across the organization.

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CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. from 2022 to 2028. As such it can help adopters find ways to save and earn money.

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Cloudera

OCTOBER 24, 2023

The AI technologies of today—including not just large language models (LLMs) but also deep learning, reinforcement learning, and natural-language processing (NLP) tools—will equip telcos with powerful new automation and analytics capabilities. AI-powered automation is already driving significant margin growth by reducing costs.

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CIO Business Intelligence

APRIL 5, 2022

For some, leveraging data and analytics tools is proving to be an effective way to address the challenges. Here’s how three organizations are succeeding at using data analytics to improve supply chain operations. By being able to perform these types of analyses it consistently helps to reduce costs,” Korba says.

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CIO Business Intelligence

NOVEMBER 18, 2022

Yet, for some, the benefits that looked alluring on paper can prove elusive in practice. However, that doesn’t mean that the public cloud’s signature pay-for-use pricing model can’t work in a private-cloud scenario. Possible unexpected costs Predicting public cloud costs can be difficult. Then there’s shadow IT.

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Cost-Benefit Data-driven Risk Enterprise 98

IBM Big Data Hub

NOVEMBER 6, 2023

Enterprises should create personalized experiences for SMBs based on qualitative and quantitative data As SMBs become more cautious about their spending, the enterprises that serve them must drive value through increased personalization. Data-driven personalization is essential in today’s business environment.

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Cost-Benefit Enterprise ROI Data Warehouse 106

Cloudera

OCTOBER 18, 2023

And just as financial services experiences its cycles, this time of year I find myself returning to the topic of cost reduction. These cutting-edge technologies provide lower-cost alternatives for discovering efficiencies within financial operations, all while enhancing the quality of services offered.

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CIO Business Intelligence

JANUARY 8, 2024

Instead, the publicly held operator of Cathay Pacific Airlines and HK Express is shifting from migration to optimization mode in an effort to wrest additional benefits from its all-in cloud transformation. Enhanced automation and self-service will also be emphasized as part of the cloud optimization strategy, Nair says.

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Optimization Digital Transformation Cost-Benefit Data Warehouse 119