article thumbnail

MRO spare parts optimization

IBM Big Data Hub

trillion, up from USD 864 billion in 2019 to 2020. Many asset-intensive businesses are prioritizing inventory optimization due to the pressures of complying with growing industry 4.0 Consider these questions: Do you have a platform that combines statistical analyses, prescriptive analytics and optimization algorithms?

article thumbnail

5 Ways Local SEO Companies Are Optimizing Their Models With Big Data

Smart Data Collective

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. This is an even more significant reason that big data is so important.

Big Data 111
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Big Data: The Technology Behind Retailers Success

Smart Data Collective

Technologies became a crucial part of achieving success in the increasingly competitive market, including big data and analytics. Big data in retail help companies understand their customers better and provide them with more personalized offers. Big data is a not new concept, and it has been around for a while.

Big Data 124
article thumbnail

How Big Data Has Revolutionized the Gaming Industry

Smart Data Collective

Big data is driving a number of changes in our lives. Forbes recently wrote an article about the impact of big data on the food and hospitality industry. Big data phenomenon has revolutionized almost every aspect of an average citizen’s life. billion in big data. How does big data help?

Big Data 103
article thumbnail

How Up-And-Coming Music Companies Use Big Data For Optimal Results

Smart Data Collective

Big data has brought major changes to countless industries. Healthcare, finance, criminal justice, and manufacturing have all been touched by advances in big data. However, big data is also transforming other industries. The music industry is relying more on big data than ever.

article thumbnail

Big Data is an Important Part of Library Marketing Strategies

Smart Data Collective

We are all in awe of the changes that big data has created for almost every industry. The implications of big data is more obvious in some industries than others. For example, we can all appreciate the tremendous changes that data science has created for the financial industry, healthcare and web design.

article thumbnail

Big Data Becomes Pivotal to the Construction Industry

Smart Data Collective

That’s starting to change, though, and construction firms everywhere are embracing innovations like big data. As a post from AutoDesk points out , big data can help make construction firms more flexible, efficient and safer, driving more teams to embrace it. Big data offers the insight to do so.

Big Data 109