Smart Data Collective

NOVEMBER 24, 2021

According to Cognizant, nearly 70% of teams that made major or significant changes to their analytical models now make more accurate predictions, compared to 45% who preferred to leave things as they were. In this article, we’ll take a closer look at why companies should seek new approaches to data analytics.

Enterprise 126

Enterprise Testing Business Intelligence Strategy 126

datapine

APRIL 14, 2022

When you think of big data, you usually think of applications related to banking, healthcare analytics , or manufacturing. After all, these are some pretty massive industries with many examples of big data analytics, and the rise of business intelligence software is answering what data management needs.

Big Data 244

Big Data Recreation/Entertainment Analytics Data-driven 244

FineReport

MARCH 24, 2024

This article explores the data analyst job description, covering essential skills, tools, education, certifications, and experience. They collaborate with cross-functional teams to meet organizational objectives and work across diverse sectors, including business intelligence, finance, marketing, and consulting.

Statistics 52

Statistics Data mining Visualization Reporting 52

datapine

OCTOBER 7, 2020

They are used in different industries to track organizational processes, improve efficiency and help businesses to understand and reflect on the outcomes. While comparing different campaigns into the CPC section of the overall strategy, you can easily spot which one had the lowest price and tackle deeper into the details.

KPI 269

KPI Metrics Sales Visualization 269

Smart Data Collective

JUNE 8, 2023

many of our articles have centered around the role that data analytics and artificial intelligence has played in the financial sector. The Sports Analytics Market is expected to be worth over $22 billion by 2030. We have mentioned that golf players have used data analytics to improve performance.

Data Analytics 82

Data Analytics Analytics Data Collection Statistics 82

Smarten

JUNE 29, 2018

This article looks at the ARIMAX Forecasting method of analysis and how it can be used for business analysis. For more information about data trend and pattern analysis techniques, read our article entitled, ‘ What Are Data Trends and Patterns, and How Do They Impact Business Decisions?’ About Smarten.

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

datapine

MAY 16, 2019

At its core, restaurant analytics is the concept of analyzing all of the data related to your restaurant business and transforming it into actionable insights with the help of business intelligence software that will ultimately lead to significantly improved efficiency. Why Are Restaurant Analytics Important?

Analytics 163

Analytics Predictive Analytics Advertising Dashboards 163

Smarten

JUNE 26, 2018

This article provides a brief definition of the multinomial-logistic regression classification algorithm and its uses and benefits. Business Problem: A research agency wants to predict the likelihood of each election candidate being voted on by each voter and in turn devise a strategy to take proactive steps. About Smarten.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 25, 2018

This article provides a brief explanation of the KMeans Clustering algorithm. Business Benefit: The business marketing team can focus on risky customer segments in an efficient way in order to avoid losing those customers. What is the KMeans Clustering algorithm? KMeans Clustering is a grouping of similar things or data.

Enterprise 40

Enterprise IT Business Intelligence Predictive Modeling 40

Smarten

JUNE 20, 2018

In this article, we will focus on the identification and exploration of data patterns and the trends that data reveals. The business can use this information for forecasting and planning, and to test theories and strategies. In this article, we have reviewed and explained the types of trend and pattern analysis.

Forecasting 40

Forecasting Statistics Business Intelligence Predictive Modeling 40

Smarten

JUNE 29, 2018

This article describes the analytical technique of multiple linear regression. For instance, if promotions and holiday seasons are significant factors, these factors should be given more focus when devising a marketing strategy. What is Multiple Linear Regression Analysis? Use Case – 2. About Smarten.

Business Analysis 40

Business Analysis IT Sales Statistics 40

Smarten

JUNE 26, 2018

This article provides a brief explanation of the FP Growth technique of Frequent Pattern Mining. Frequent pattern mining (previously known as Association) is an analytical algorithm that is used by businesses and, is accessible in some self-serve business intelligence solutions. What is the FP Growth Algorithm?

Business Intelligence 40

Business Intelligence Sales Predictive Modeling Statistics 40

Peter James Thomas

MAY 3, 2019

The flip side is that making the necessary investments to provide even basic information has been at the heart of the successful business turnarounds that I have been involved in. The bulk of Business Intelligence efforts would also fall into this area, but there is some overlap with the area I next describe as well.

Strategy 55

Strategy Data Architecture Data Quality Data Strategy 55

Smarten

JUNE 21, 2018

This article provides a brief explanation of the Holt-Winters Forecasting model and its application in the business environment. For more information about data trend and pattern analysis techniques, read our article entitled, ‘ What Are Data Trends and Patterns, and How Do They Impact Business Decisions?’

Forecasting 40

Forecasting Enterprise IT Predictive Modeling 40

Smarten

JUNE 27, 2018

In this article, we will discuss the Decision Tree analysis method. Business Benefit: Online retailers can identify the customer segments with a higher capacity to purchase, and can design special marketing strategies for these types of segments, which are their main revenue drivers. What is Decision Tree Analysis?

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 29, 2018

This article focuses on the Independent Samples T Test technique of Hypothesis testing. Here, the dependent variable would be ‘Purchase Amount’ Business Benefit: Once the test is completed, a p-value is generated which indicates whether there is a statistical difference between the purchase amounts of both segments.

Testing 40

Testing Statistics IT Business Intelligence 40

Sisense

FEBRUARY 1, 2021

An enterprise software selection team should represent all aspects of business to ensure the company makes a decision that will fit the needs of all stakeholders. In this article, we’ll explore the nuances of offerings along the “PDM versus PLM” spectrum. We’ll begin by defining PDM as an integral part of PLM.

Management 52

Management Analytics Manufacturing Cost-Benefit 52

CIO Business Intelligence

FEBRUARY 27, 2023

He reached out to a range of people in the Black IT community, from entry-level professionals to those in the C-suite, spotlighting their work in profile articles and featuring them on his podcast. Growing the BIT community From the outset, Greenlee shared BIT with anyone he met who felt “discouraged about the state of the tech industry.”

Technology 105

Technology Data Processing IT Interactive 105

Smarten

JUNE 29, 2018

In this article, we discuss the analytical method known as frequent pattern mining, previously known as ‘association’ What is Frequent Pattern Mining? To understand the value of this applied technique, let’s consider two business use cases. Use Case – 1. About Smarten.

Business Analysis 40

Business Analysis IT Business Intelligence Sales 40

FineReport

OCTOBER 21, 2019

With business intelligence(BI) tools play a more critical role in the enterprises, the technology is poised for an oversized effect in the coming year. BI software assists businesses with data display and analytics to help companies discover the situations, market challenges, as well as the chance. From Google.

Visualization 91

Visualization Cost-Benefit Dashboards Software 91

Peter James Thomas

OCTOBER 1, 2019

Given this, I have used The Dictionary entries as a basis for this slightly expanded article on the subject of chart types. This article will cover some of the most frequently used Chart types, which appear in alphabetical order. The diagram above is a bipartite quasi-histogram [3] that I created to illustrate another article.

Sales 61

Sales Measurement Statistics Data Architecture 61

datapine

FEBRUARY 22, 2022

1) What Is A Business Intelligence Strategy? 2) BI Strategy Benefits. 4) How To Create A Business Intelligence Strategy. Odds are you know your business needs business intelligence (BI). We previously discussed business intelligence for small businesses.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

Sisense

DECEMBER 12, 2019

This is a summary article. Building a data-driven business includes choosing the right software and implementing best practices around its use. Our Business Perspectives help you make smarter decisions no matter where you are in your analytics journey. Read the complete company’s BI budget guide here.

Business Intelligence 88

Business Intelligence Software Data-driven Visualization 88

Sisense

JUNE 5, 2020

Having your product or service stand out in the consumer’s mind is the goal of a product differentiation strategy. In other words, having a differentiation strategy makes business sense. That’s where an embedded analytics solution can help. Embedded analytics: Driving product differentiation.

Analytics 89

Analytics Manufacturing Business Intelligence Data-driven 89

datapine

JANUARY 31, 2022

Using business intelligence and analytics effectively is the crucial difference between companies that succeed and companies that fail in the modern environment. Your Chance: Want to try a professional BI analytics software? Experience the power of Business Intelligence with our 14-days free trial!

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Depict Data Studio

SEPTEMBER 17, 2019

When not developing creative communication strategies for researchers, David is also one half of the team behind? David has extensive experience working with claims data, including for Medicaid, Medicare, and Commercial lines of business. He recently held the position of Director of Business Intelligence for a nonprofit health plan.

Visualization 40

Visualization Consulting Dashboards Reporting 40

datapine

NOVEMBER 27, 2019

Over the past decade, business intelligence has been revolutionized. Spreadsheets finally took a backseat to actionable and insightful data visualizations and interactive business dashboards. The rise of self-service analytics democratized the data product chain. Suddenly advanced analytics wasn’t just for the analysts.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

datapine

MAY 17, 2021

Businesses can benefit from improved data driven decision making as well as enhanced business processes and models and share insights across departments more fluently while propelling intelligent business strategies. Visual discovery is helping expand traditional business intelligence and improve efficiency.

Visualization 161

Visualization Data-driven Business Intelligence Metrics 161

IBM Big Data Hub

AUGUST 4, 2023

In this article, we’ll explore the benefits of data democratization and how companies can overcome the challenges of transitioning to this new approach to data. Data mesh Another approach to data democratization uses a data mesh , a decentralized architecture that organizes data by a specific business domain.

Data Architecture 62

Data Architecture Data Lake Machine Learning Data Governance 62