Smart Data Collective

JANUARY 21, 2021

Many people don’t realize the countless benefits that big data has provided for the solar energy sector. A growing number of solar energy companies are using new advances in data analytics and machine learning to increase the value of their products. We made a similar post about the benefits of big data for renewable energy.

Big Data 131

Big Data Cost-Benefit Data-driven Machine Learning 131

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. An early case study of BPR was Ford Motor Company, which successfully implemented reengineering efforts in the 1990s to streamline its manufacturing processes and improve competitiveness.

Cost-Benefit 57

Cost-Benefit Finance Optimization Key Performance Indicator 57

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). More benefits from AI include building a more sustainable IT system and improving the continuous integration/continuous (CI/CD) delivery pipelines. See what’s ahead AI can assist with forecasting.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

datapine

JUNE 5, 2019

BI dashboard tools bestow business users with the ability to drill down even deeper into analytical data to capitalize on strengths, spot weaknesses, and make changes that will benefit the future of their organization. A data dashboard assists in 3 key business elements: strategy, planning, and analytics. They Are Customizable.

Dashboards 316

Dashboards KPI Sales Visualization 316

Cloudera

AUGUST 3, 2021

In summary, predicting future supply chain demands using last year’s data, just doesn’t work. Accurate demand forecasting can’t rely upon last year’s data based upon dated consumer preferences, lifestyle and demand patterns that just don’t exist today – the world has changed. Keep data lineage secure and governed.

Analytics 111

Analytics Digital Transformation Forecasting Risk 111

Smart Data Collective

JUNE 7, 2019

New advances in big data and artificial intelligence are making magnets more versatile and cost-effective to consumers and industrial leaders on either side of the globe. Fujitsu has recently started embracing the benefits of big data. What are the benefits of big data in the design of magnetic devices?

Big Data 76

Big Data Cost-Benefit Predictive Analytics Manufacturing 76

FineReport

APRIL 26, 2023

Cost Savings : Big data tools such as FineReport , Hadoop, Spark, and Apache can assist businesses in saving costs by storing and handling huge amounts of data more efficiently. For example, a computer manufacturing company could develop new models or add features to products that are in high demand.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Smarten

MAY 15, 2019

Businesses do not want to be surprised by downtime, equipment failure or the cost of unanticipated equipment replacement. With predictive analytics, the business can leverage data from various systems and software to take the guesswork out of production equipment maintenance and anticipate routine maintenance. Customer Churn.

Predictive Analytics 10

Predictive Analytics Management Analytics Cost-Benefit 10

IBM Big Data Hub

JUNE 14, 2023

Smart manufacturing (SM)—the use of advanced, highly integrated technologies in manufacturing processes—is revolutionizing how companies operate. Smart manufacturing, as part of the digital transformation of Industry 4.0 , deploys a combination of emerging technologies and diagnostic tools (e.g.,

Manufacturing 72

Manufacturing Technology Internet of Things Cost-Benefit 72

datapine

JANUARY 18, 2023

With this information in hand, businesses can build strategies based on analytical evidence and not simple intuition. With the use of the right BI reporting tool businesses can generate various types of analytical reports that include accurate forecasts via predictive analytics technologies.

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Reporting Metrics Dashboards Visualization 201

Smart Data Collective

AUGUST 29, 2022

Machine Learning Helps Companies Get More Value Out of Analytics. There are a lot of benefits of using analytics to help run a business. You will get even more value out of analytics if you leverage machine learning at the same time. Analytics has been influencing the income for companies for quite some time now.

Analytics 114

Analytics Predictive Analytics Machine Learning Insurance 114

Cloudera

FEBRUARY 8, 2021

This blog series follows the manufacturing, operations and sales data for a connected vehicle manufacturer as the data goes through stages and transformations typically experienced in a large manufacturing company on the leading edge of current technology. 1 The enterprise data lifecycle. Data Enrichment Challenge.

Manufacturing 120

Manufacturing Data Warehouse Sales Predictive Analytics 120

IBM Big Data Hub

OCTOBER 20, 2023

” When observing its potential impact within industry, McKinsey Global Institute estimates that in just the manufacturing sector, emerging technologies that use AI will by 2025 add as much as USD 3.7 .” Of this, PwC estimates that “USD 6.6 trillion is likely to come from increased productivity, and USD 9.1 trillion in value.

Machine Learning 72

Machine Learning Manufacturing Cost-Benefit Deep Learning 72

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Andrew White

JANUARY 11, 2021

With a success behind you, sell that experience as the kind of benefit you can help improve. As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. Yes, prescriptive and predictive analytics remain very popular with clients.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

MAY 1, 2023

These benefits provide a 360-degree feedback loop. Embedded analytics has proven to be a must-have for staying in compliance. Healthcare is forecasted for significant growth in the near future. The industries that are users of embedded analytics are interesting. And Manufacturing and Technology, both 11.6

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

Jet Global

MAY 23, 2024

By investing in an embedded analytics solution that features AI-powered predictive analytics, you can integrate advanced analytics directly into your customers’ platforms, enhancing the application’s value proposition to end-users and creating additional revenue streams through analytics-driven features and premium analytics functionalities.

Analytics 52

Analytics Reporting Software Predictive Analytics 52