Smart Data Collective

MARCH 2, 2023

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Patil and other experts argue that big data can help them with this.

Big Data 81

Big Data Uncertainty Risk Data mining 81

CIO Business Intelligence

MARCH 14, 2022

Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. This acknowledges that the purpose of measurement is to reduce uncertainty. And the purpose of reducing uncertainty is to make better decisions. I call this point data saturation.

Uncertainty 105

Uncertainty Measurement Cost-Benefit Optimization 105

Smart Data Collective

SEPTEMBER 7, 2021

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

Big Data Technology Cost-Benefit Predictive Analytics 124

Jedox

OCTOBER 8, 2020

We are currently operating in an environment with a very high (if not the highest ever) level of VUCA, (Volatility, Uncertainty, Complexity, Ambiguity). The way you mitigate uncertainty is with planning, planning, and more planning. Not to mention eventually leveraging the 70% – 80% of data that is considered “dark”.

Uncertainty 75

Uncertainty Cost-Benefit Unstructured Data Data-driven 75

bridgei2i

JULY 8, 2020

This is probably the first time ever that we are witnessing a demand, a supply, and also a resource uncertainty. Now, how do you use signals from a pre-COVID world to predict a post-COVID demand scenario? Their head is like can we augment data from other data sources that can give us a glimpse into the future.

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

Domino Data Lab

JUNE 2, 2019

Co-chair Paco Nathan provides highlights of Rev 2 , a data science leaders summit. We held Rev 2 May 23-24 in NYC, as the place where “data science leaders and their teams come to learn from each other.” Nick Elprin, CEO and co-founder of Domino Data Lab. First item on our checklist: did Rev 2 address how to lead data teams?

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110

Jet Global

NOVEMBER 8, 2021

It’s about adapting to a rapidly changing world, using data-driven insights to assess the situation, understand the alternatives in front of you, and take the action necessary to win in an increasingly competitive global marketplace. In 2020, many organizations implemented automation as a matter of necessity.

Finance 52

Finance Predictive Analytics Reporting Uncertainty 52