Smart Data Collective

FEBRUARY 22, 2022

Big data has been changing the state of business for years. They are finding new ways to leverage data analytics and AI technology to maximize their ROI. E-commerce startups are investing most heavily in big data, which is why the e-commerce analytics market will be worth over $22 billion by 2025.

Data-driven 129

Data-driven Metrics Sales Big Data 129

IBM Big Data Hub

APRIL 22, 2024

“But it’s important to reap these benefits while minimizing the environmental impact. According to the European Union’s 2023 Energy Efficiency Directive , Europe’s data center electricity consumption is expected to grow 28% from 2018 to 2030, exemplifying the environmental costs of AI usage.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Reporting 95

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. More recently, we have seen even more impressive data on its effectiveness.

Data-driven 95

Data-driven Management Big Data Predictive Analytics 95

Smart Data Collective

MARCH 30, 2022

Ecommerce companies are expected to spend over $24 billion on analytics in 2025. While there is no debating the huge benefits that analytics technology brings to the ecommerce sector , many experts are pondering what those actual benefits are. What are the short-term and long-term costs? How many plug-ins will I need?

Analytics 115

Analytics Cost-Benefit Testing Dashboards 115

IBM Big Data Hub

APRIL 18, 2023

Real-Time Payments, for example, have widely adopted ISO 20022 across many countries, and Wire Payments networks are also announcing their support plans, including Fedwire, Lynx and SWIFT, by the end of 2025. Are your payment systems ready to reap these benefits?

Risk Management 115

Risk Management Cost-Benefit Risk Data-driven 115

Smart Data Collective

FEBRUARY 22, 2021

Big data is fundamentally altering the future of the automotive industry in wondrous ways. billion on big data solutions in 2025. The sector’s investment in data-driven technology is hardly a surprise. Data management is becoming a bottleneck with self-driving cars. Automotive Production AI.

Analytics 85

Analytics Cost-Benefit Big Data Finance 85

IBM Big Data Hub

AUGUST 18, 2023

DORA establishes technical standards that financial entities and their critical third-party technology service providers must implement in their ICT systems by January 17, 2025. The need for a strong cyber-resilience strategy According to the IBM Cost of Data Breach Report 2023 , the global average cost of data breach was $4.45M.

Cost-Benefit 78

Cost-Benefit Testing Strategy Risk Management 78

IBM Big Data Hub

MAY 12, 2023

Its aggressive sustainability goals included achieving net zero emissions by 2050, making all packaging reusable or recyclable by 2025 and investing more than USD 3 billion globally over several years to drive momentum. Learn more about the benefits of cloud-native development.

Consulting 78

Consulting Cost-Benefit Optimization Dashboards 78

Smart Data Collective

JUNE 16, 2022

Until now, they were proactively involved to maximize IT efficiencies and accelerate cost savings in general. Having cost-effective and high-quality business analytics tools such as Atlassian, MS Visio, Business Process Modeller, Balsamiq, and similar BA tools is essential for org initiative improvement. bn by 2025. .

Business Analytics 122

Business Analytics Analytics Forecasting Business Analysis 122

erwin

APRIL 2, 2021

Organizations are managing more data than ever. In fact, the global datasphere is projected to reach 175 zettabytes by 2025, according to IDC. With more companies increasingly migrating their data to the cloud to ensure availability and scalability, the risks associated with data management and protection also are growing.

Data Governance 106

Data Governance Cost-Benefit Risk Metadata 106

Smart Data Collective

JULY 2, 2019

Big data is playing a surprisingly important role in the evolution of renewable energy. IBM recently published a fascinating paper on the applications of big data for solar and other green energy sources. Other researchers around the world are also talking about the role of data analytics in this dynamic, growing field.

Data Analytics 76

Data Analytics Internet of Things Analytics Big Data 76

IBM Big Data Hub

APRIL 27, 2023

The impacts of data challenges are becoming visible to company stakeholders, with consumers making purchasing — and even employment — decisions based on a company’s progress toward their ESG goals. Those who have committed to closing the green gap have embraced sustainability-focused processes and are reaping the benefits.

Metrics 83

Metrics Cost-Benefit Reporting Manufacturing 83

Smart Data Collective

OCTOBER 5, 2021

billion by 2025. The utilization of analytics and big data in the marketing industry has played a massive role in this robust growth. One of the most important benefits of analytics in marketing is with PPC marketing. 5 Ways to Use Data Analytics Ensure Your PPC Campaign is Generating Leads.

Analytics 120

Analytics Marketing ROI Testing 120

Smart Data Collective

NOVEMBER 24, 2020

billion by 2025. In this article, you’ll discover: upcoming trends in business intelligence what benefits will BI provide for businesses in 2020 and on? Business intelligence software will be more geared towards working with Big Data. Data Governance. Future of Business Intelligence: Benefits Provided.

Business Intelligence 131

Business Intelligence Visualization Dashboards Prescriptive Analytics 131

IBM Big Data Hub

MARCH 14, 2024

Supply chains As 5G connectivity spreads, supply chains everywhere will benefit from its lightning-fast speeds and increased reliability. Since the networks that global trade depends on are increasingly digitized, they’re more reliant than ever on high-speed data transmission capabilities and 5G speeds to function.

Technology 61

Technology IoT Cost-Benefit Internet of Things 61

Alation

MAY 19, 2022

Gartner shared that organizations today are using active metadata to enable data fabric , identify data drift , and locate new categories of data. Leverage small data. It’s not just about big data anymore! So what should people struggling with low-quality data do? Conclusion.

Metadata 52

Metadata Data Analytics Analytics Data Governance 52

Sisense

JANUARY 13, 2020

In Moving Parts , we explore the unique data and analytics challenges manufacturing companies face every day. The world of data in modern manufacturing. Manufacturing companies that adopted computerization years ago are already taking the next step as they transform into smart data-driven organizations. It’s easy to see why.

Manufacturing 52

Manufacturing Data Lake Big Data Data Warehouse 52

Cloudera

SEPTEMBER 18, 2020

Physical retail stores – Expect retailers to optimize space allocations moving away from a reactive to a more proactive supply chain design approach rooted in deep, layered real-time data that supports sophisticated decision making. For retailers, inventory distortion is another key area that broader data sets can help improve.

Manufacturing 80

Manufacturing IoT Forecasting Machine Learning 80

Smart Data Collective

MAY 17, 2021

Big data is at the heart of the digital revolution. Basing fleet management operations on data is not new, and in some ways, it’s always been a part of the industry. Basing fleet management operations on data is not new, and in some ways, it’s always been a part of the industry. billion by the end of 2025 , up from $3.8

Big Data 101

Big Data Cost-Benefit IoT Machine Learning 101

Smart Data Collective

JANUARY 22, 2021

Big data is changing the future of the hospitality sector in immeasurable ways. Although many facets of this industry are impacted by new advances in data technology, customer service is arguably the most important. Hospitality Technology reports that big data is one of the biggest gamechangers in this field.

Big Data 107

Big Data Technology Cost-Benefit Machine Learning 107

BizAcuity

APRIL 14, 2022

Big Data technology in today’s world. Did you know that the big data and business analytics market is valued at $198.08 Or that the US economy loses up to $3 trillion per year due to poor data quality? quintillion bytes of data which means an average person generates over 1.5 Big Data Ecosystem.

Big Data 52

Big Data Data Analytics Management Unstructured Data 52

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

DECEMBER 6, 2023

An IDC report estimated the global IT developer shortage will reach four million by 2025, leaving businesses struggling to accelerate digital transformation without the needed workforce.

Digital Transformation 115

Digital Transformation Software Cost-Benefit Modeling 115

IBM Big Data Hub

MAY 25, 2023

In this blog post, we will examine traditional IT operation problems through the lens of data-driven automation and the benefits of AIOps. And every second counts—a recent IDC survey found that a single hour of downtime costs an average of USD 250K or more when a revenue-generating production service is impacted.

Cost-Benefit 74

Cost-Benefit Digital Transformation Optimization Data-driven 74

IBM Big Data Hub

FEBRUARY 6, 2024

This infrastructure model relies on a network of remote data centers , servers and storage systems owned and operated by a third-party service provider. A CMP creates a single pane of glass (SPOG) that provides enterprise-wide visibility into multiple sources of information and data.

Cost-Benefit 106

Cost-Benefit Digital Transformation Software Modeling 106

IBM Big Data Hub

OCTOBER 26, 2023

A recent IDC report — The Business Value of IBM Maximo — that surveyed 9 companies with an average of 8,500 employees, found that after these companies adopted IBM Maximo, it resulted in: a business benefit of approximately USD 14.6 million in total equipment cost avoidances annually. and add-ons by September 2025.

Consulting 100

Consulting Data Processing Cost-Benefit Risk 100

datapine

SEPTEMBER 11, 2019

By 2025, the global BI and analytics market is expected to soar to a worth of $147.19 Businesses will create and manage 60% of the world’s data by 2025. 85% of business leaders believe that big data will change the way they do business, significantly, especially in the personalization potential of intelligence.

Business Intelligence 161

Business Intelligence Analytics Sales Dashboards 161

IBM Big Data Hub

OCTOBER 12, 2023

The tasks behind efficient, responsible AI lifecycle management The continuous application of AI and the ability to benefit from its ongoing use require the persistent management of a dynamic and intricate AI lifecycle—and doing so efficiently and responsibly. But the implementation of AI is only one piece of the puzzle.

Cost-Benefit 81

Cost-Benefit Metadata Data Governance Modeling 81

IBM Big Data Hub

FEBRUARY 4, 2022

The benefits of providing an enhanced definition for payment transactions include the following: Improving automation to achieve higher straight-through-processing (STP) rates. Leveraging rich data to provide value-added services, such as real-time fraud detection, automated reconciliation, etc. Background on ISO 20022. In the U.S.,

Cost-Benefit 123

Cost-Benefit Machine Learning Reporting Marketing 123

Smart Data Collective

SEPTEMBER 6, 2020

A growing number of ecommerce platforms have expressed the benefits of data analytics technology and incorporated them into their solutions. How much of a role will big data play in ecommerce? billion on big data by 2025. But how should ecommerce platforms use big data effectively?

B2B 108

B2B Data Analytics Analytics Cost-Benefit 108

CIO Business Intelligence

MAY 24, 2022

The second will focus on the growth in volume and type of data required to be stored and managed, and the ways in which value can be extracted from data. The third will examine the challenges of realising that value, the attributes of a successful data-driven organisation, and the benefits that can be gained.

Data-driven 88

Data-driven Data Lake Data Warehouse Cost-Benefit 88

IBM Big Data Hub

OCTOBER 4, 2023

Compared to REST APIs (or other traditional API specifications), GraphQL provides more flexibility to API consumers (like app developers) and delivers many benefits, along with a few new challenges to API development and delivery. GraphQL is often seen as an alternative to REST APIs , which have been around for a long time.

Cost-Benefit 82

Cost-Benefit Data-driven Enterprise Interactive 82

BizAcuity

MAY 10, 2022

Despite cost-cutting being the main reason why most companies shift to the cloud, that is not the only benefit they walk away with. Cloud washing is storing data on the cloud for use over the internet. While that allows easy access to users, and saves costs, the cloud is much more and beyond that. billion by 2025.

Data-driven 52

Data-driven IoT Unstructured Data Data Lake 52

Cloudera

NOVEMBER 18, 2021

Every one of our 22 finalists is utilizing cloud technology to push next-generation data solutions to benefit the everyday people who need it most – across industries including science, health, financial services and telecommunications. taxpayer details and needs to quickly analyze petabytes of data across hundreds of servers.

Data Lake 73

Data Lake Cost-Benefit Digital Transformation Risk 73

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 Visual modeling: Combine visual data science with open source libraries and notebook-based interfaces on a unified data and AI studio.

Machine Learning 77

Machine Learning Manufacturing Cost-Benefit Deep Learning 77

Smart Data Collective

SEPTEMBER 30, 2021

One of the biggest benefits of AI is that it has helped streamline many workplace functions. According to the analysis of Cybersecurity Ventures, the yearly cost of cybercrime is expected to reach $10.5 trillion , and ransomware damage costs will reach $20 billion by 2025. AI is going to be more important than ever.

Optimization 112

Optimization IoT Cost-Benefit Data-driven 112

IBM Big Data Hub

DECEMBER 21, 2023

According to studies quoted by Deloitte , it is estimated that AI and machine learning will contribute to a 37% increase in labor productivity by 2025. Manufacturing overseas allowed longer production runs with cheaper changeover costs between products, whereas reshoring requires greater flexibility and agility in production systems.

Manufacturing 85

Manufacturing Cost-Benefit Machine Learning Optimization 85