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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. However, there are even more important benefits of using big data during a bad economy. Big data offers many benefits for companies in any economy. Some of these benefits include the following.

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Businesses Across Various Industry Verticals Use Data Analytics

Smart Data Collective

Big data and analytics technology is rapidly changing the future of modern business. Over 67% of companies spend over $10,000 a year on analytics solutions. Investments in analytics are being made across all major industries. Are your technology solutions difficult to understand? Bottom line.

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Big Data Offers New Solutions for Disaster Mitigation Planning

Smart Data Collective

Marketing and finance are two of the functions that are most dependent on big data. However, there are other benefits of big data that are just as important but receive far less publicity. Disaster planning is one of the areas that can benefit from big data solutions. Predictive analytics technology is helpful for both.

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The Intricacies of Financial Analytics in the Event Industry

BizAcuity

The financial analytics when used as an add on with event management software is providing more reliable and timely financial reports that is emerging as the main factors the success of an event management firm or company from the perspective of its bankers, analysts, and investors.

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Digital Twin Use Races Ahead at McLaren Group

CIO Business Intelligence

Cloud-connected cars are now commonplace in the mainstream connected car market that is forecast to surpass $166 billion by 2025. Existing digital twin models can look at what’s happening in real-time and predictive analytics can help understand future potential benefits or pitfalls with designs and strategies. .

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Predictive Analytics Improves Trading Decisions as Euro Rebounds

Smart Data Collective

Modern investors have a difficult time retaining a competitive edge without having the latest technology at their fingertips. Predictive analytics technology has become essential for traders looking to find the best investing opportunities. Predictive Analytics Helps Traders Deal with Market Uncertainty. in 2022 and 1.5%

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A Guide To The Top 14 Types Of Reports With Examples Of When To Use Them

datapine

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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