Smart Data Collective

MARCH 2, 2023

One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. In 2023, big data Is no longer a luxury.

Big Data 82

Big Data Uncertainty Risk Data mining 82

Smart Data Collective

SEPTEMBER 7, 2021

Data-based insights can help make the right decisions, keep up with market trends and navigate the uncertainty. Such predictive analytics can help to define what products will spike the biggest interest of the audience. As a result, in 2020, Asos announced a 19% growth in revenue when the pandemic hit. Source: ELEKS.

Big Data 126

Big Data Technology Cost-Benefit Predictive Analytics 126

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. Data creates the context for decision-making.

Uncertainty 86

Uncertainty Measurement Cost-Benefit Optimization 86

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. To quote General/President Dwight D.

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. 2020 will long be remembered for the pandemic that wreaked havoc on the global economy and disrupted communities and businesses in unprecedented ways. Vignesh: Ganesh, you really highlighted some very important themes.

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

Jet Global

NOVEMBER 8, 2021

In 2020, many organizations implemented automation as a matter of necessity. As Deloitte notes in its Finance 2025 Revisited report: “Automation gains… generally helped a remote workforce keep the lights on, not produce predictive analytics (though that capability readily exists).” Enhancing the Value of the Finance Team.

Finance 52

Finance Predictive Analytics Reporting Uncertainty 52

Domino Data Lab

JUNE 2, 2019

Clearly, when we work with data and machine learning, we’re swimming in those waters of decision-making under uncertainty. See you at Rev 3 in 2020! I recall a “Data Drinkup Group” gathering at a pub in Palo Alto, circa 2012, where I overheard Pete Skomoroch talking with other data scientists about Kahneman’s work. Upcoming events.

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110