Smart Data Collective

OCTOBER 6, 2023

One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. Understanding the dynamics of seasonal shifts is crucial for companies to operate efficiently, reduce costs, and maximize profits. It is easier to do so with the use of data derived from predictive analytics.

Management 116

Management Analytics Predictive Analytics Cost-Benefit 116

CIO Business Intelligence

FEBRUARY 28, 2024

In this article, we explore the insights shared in an interview transcript to understand the impact of SD-WAN in India and how it addresses the unique challenges faced by the country’s networks. SD-WAN is not a one-size-fits-all solution, and aligning the technology with a comprehensive digital strategy is crucial.

Cost-Benefit 94

Cost-Benefit Digital Transformation ROI Strategy 94

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

Modeling 118

Modeling Cost-Benefit IT ROI 118

TDAN

MAY 3, 2022

This column focuses on challenges of edge computing and explore strategy considerations for implementing and utilizing edge computing in the organization.

Strategy 52

Strategy Cost-Benefit Management Data Architecture 52

datapine

APRIL 13, 2021

In this article, we will cover every fundamental aspect to take advantage of agency analytics. Starting with its definition, following with the benefits of agency reports, a list of tools, and a set of agency dashboard examples. Explore our 14 days free trial & benefit from interactive agency reports!

Dashboards 256

Dashboards Reporting Analytics Cost-Benefit 256

Smart Data Collective

AUGUST 30, 2022

That figure is expected to grow as more businesses discover its benefits. Analytics Can Be Essential for Helping Companies with their Pricing Strategies. In today’s business world, pricing has become one of the most important parts of a company’s strategy. Cost-Plus Pricing.

B2B 132

B2B Analytics Cost-Benefit Metrics 132

CIO Business Intelligence

FEBRUARY 29, 2024

You’d be forgiven if you’re wondering whether you’ve stumbled on an article from 2016 , but, in fact, the practice of launching an offshore IT center wholly owned and operated by the enterprise it serves is back in vogue with notable twists. The upside of captives today Some benefits of captive centers are the same as ever.

Cost-Benefit 109

Cost-Benefit Risk Modeling Strategy 109

FineReport

JULY 26, 2021

When implemented effectively, a successful BI strategy will reach every corner of the organization, having a positive impact and enabling people to make the right decisions quickly. What is business intelligence strategy? At the same time, enterprises can use the BI strategy to gradually reach various business objectives.

Business Intelligence 52

Business Intelligence Strategy Cost-Benefit Data-driven 52

FineReport

JULY 26, 2021

When implemented effectively, a successful BI strategy will reach every corner of the organization, having a positive impact and enabling people to make the right decisions quickly. What is business intelligence strategy? At the same time, enterprises can use the BI strategy to gradually reach various business objectives.

Business Intelligence 52

Business Intelligence Strategy Cost-Benefit Data-driven 52

Smart Data Collective

FEBRUARY 18, 2020

In 2020, the benefits of big data are more accessible than ever. You can also expand your business and your brand and take it international with the right combination of a great website and a data-driven marketing strategy. Bringing Big Data into the Fray with Your Marketing Strategy. Your website is a prime example.

Strategy 79

Strategy Big Data Cost-Benefit Marketing 79

O'Reilly on Data

APRIL 30, 2024

By Rufus Rock , UCL ; Tim O’Reilly , UCL ; Ilan Strauss , UCL ; and Mariana Mazzucato , UCL This article is republished from The Conversation under a Creative Commons license. For social media platforms, this was addictive content to increase time spent on platform at any cost to user health.

Risk 229

Risk Advertising Cost-Benefit Sales 229

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 279

Advertising Cost-Benefit Marketing Risk 279

IBM Big Data Hub

APRIL 25, 2024

This blog outlines some BPR examples that benefit from a BPM methodology. The methodology gained prominence with the publication of a 1990 article in the Harvard Business Review, “Reengineering Work: Don’t Automate, Obliterate,” by Michael Hammer, and the 1993 book by Hammer and James Champy, Reengineering the Corporation.

Cost-Benefit 57

Cost-Benefit Finance Optimization Key Performance Indicator 57

datapine

AUGUST 19, 2020

In this article, we will take a closer look at the inventory management: what are the performance indicator that can help, how to choose them, and outline some inventory metrics examples as well as best practices. Indeed, they help you drive the most effective behaviors, strategies, and decisions. Carrying cost of inventory.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

datapine

APRIL 2, 2020

Without data, you will only ever be ‘shooting in the dark’ when it comes to formulating strategies and making informed decisions. Benefit from a great tracking system today! By measuring KPIs regularly and automatically, you can increase productivity and decrease costs. . What Are The Benefits Of KPI Tracking?

KPI 195

KPI Key Performance Indicator Software Cost-Benefit 195

Smart Data Collective

APRIL 13, 2020

However, it is becoming increasingly clear that big data is critical to the viability of any customer service strategy. Freshdesk published an article on the importance of big data in customer service. They detailed a number of the benefits of using data to improve customer satisfaction.

Data Collection 141

Data Collection Big Data Cost-Benefit Strategy 141

Smart Data Collective

JULY 24, 2023

This article will delve into the transformative potential of AI in Vendor Management Systems, and how it’s setting the stage for a more strategic, intelligent, and efficient approach to procurement. Benefits of AI-Powered VMS The integration of AI into VMS offers several key benefits.

Management 88

Management Cost-Benefit Data-driven Predictive Analytics 88

Smart Data Collective

SEPTEMBER 28, 2022

Last year, HubSpot published an article on the benefits of using AI for call center management. Though automated outbound calling holds a lot of benefits like low time expenditure and low costs, is it really effective? Benefits of Using AI to Handle Automated Calling. Low Call Center Costs.

Technology 125

Technology Cost-Benefit Marketing Advertising 125

Smart Data Collective

FEBRUARY 16, 2023

According to one analysis, companies that used machine learning in their marketing strategies boosted sales by up to 50%. There are a number of ways that companies can boost their marketing strategies with machine learning technology. AI helps make social media marketing more cost-effective Social media is free or at least cheap.

Machine Learning 116

Machine Learning ROI Marketing Cost-Benefit 116

IBM Big Data Hub

DECEMBER 13, 2023

There are many articles on equipment failure patterns that infer that a majority of all equipment fails at random , regardless of how much preventive maintenance was done. Predictive maintenance can be extremely cost effective and can help reduce maintenance costs, decrease breakdowns and improve response times for breakdowns.

Cost-Benefit 62

Cost-Benefit Optimization Strategy Risk 62

datapine

SEPTEMBER 29, 2022

There are a lot of strategies that you can use to improve the quality of your information. In this article, we will detail everything which is at stake when we talk about DQM: why it is essential, how to measure data quality, the pillars of good quality management, and some data quality control techniques. 1 – The people.

Data Quality 241

Data Quality Metrics Data-driven Management 241

Smart Data Collective

JUNE 9, 2021

“With the right technology and best practices, SaaS can be far more secure than on-premise applications and the bank has many options for retaining control over the security infrastructure, such as the encryption of customer data,” writes a Moody’s Analytics article on SaaS security. million (in the US) on average.

Strategy 69

Strategy Software Forecasting Cost-Benefit 69

Smart Data Collective

SEPTEMBER 29, 2022

There are a number of benefits of using it to your company’s advantage. A growing number of companies have leveraged big data to cut costs, improve customer engagement, have better compliance rates and earn solid brand reputations. The benefits of big data cannot be overstated. This article reveals all!

Data-driven 136

Data-driven Data Quality Optimization Insurance 136

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control.

Digital Transformation 140

Digital Transformation Unstructured Data Machine Learning Risk Management 140

Smart Data Collective

MARCH 23, 2023

The Forbes Research Council wrote an article in October citing research showing that 71% of customers now expect a personalized experience. The article makes the point that AI is key to meeting that expectation. Firms that supply customer-centric services also benefit from increased sales and customer growth.

Marketing 120

Marketing Sales Advertising Strategy 120

Smart Data Collective

JUNE 19, 2022

The benefits of AI stem from the need to manage close relationships with business stakeholders, which is a difficult task. Chaban addressed this in a recent article. Though the supply chain itself might be unharmed by this risk, this supplier behavior could undermine a business’s strategy and cause it to fail. Quality Risk.

Risk 134

Risk Cost-Benefit Risk Management Manufacturing 134

Smart Data Collective

OCTOBER 20, 2020

Every business needs a go-to-market strategy or the GTM strategy to reach the target customers and stay ahead of their competitors. Christian Welborn recently published an article on taking a data-driven approach to GTM. Big data is the key to any successful marketing strategy in the 21 st Century. Let’s begin.

Marketing 107

Marketing Data Analytics Analytics Big Data 107

CIO Business Intelligence

NOVEMBER 18, 2022

But when not managed strategically in the long run, cloud spending can quickly escalate and impact margins, cost of goods sold (COGS), and cost of revenue (COR). In this article, I’ll explore common cloud optimization and FinOps challenges and strategies for overcoming them.

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

Jet Global

MAY 28, 2020

Here are five strategies to consider as you look to the future. Today, it is a well-established practice that can benefit organizations of almost any size. Companies that have mastered strategy #1 above are more likely to be positioned for rapid response. Expect the Unexpected. Failover systems need not be costly, however.

Strategy 52

Strategy Cost-Benefit Reporting Forecasting 52

datapine

JUNE 27, 2019

As a CEO, you’re responsible for overseeing every aspect of your business, from the people and the internal culture all the way through to key sales, marketing, and financial strategies. Exclusive Bonus Content: Reap the benefits of dashboards for CEOs! It offers the following benefits: Improved decision-making.

Dashboards 245

Dashboards Sales Cost-Benefit Visualization 245

CIO Business Intelligence

MAY 8, 2024

This article focuses on how these advancements are paving the way for data integration for the years to come in this ever-so-dynamic technological era. According to a recent report by InformationWeek , enterprises with a strong AI strategy are 3 times more likely to report above-average data integration success.

Data Integration 76

Data Integration IoT Cost-Benefit Data Quality 76

Alation

JULY 15, 2022

In the Cambridge Analytica case, the company went from a data strategy focused on monetisation by increased revenue to company closure due to the reputational damage from the negative media and public response. Organisations who do assess can gain additional benefits from the work that’s already done. What’s your data strategy?

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

CIO Business Intelligence

AUGUST 31, 2023

To create a new, cost-effective channel that helps meet members needs — and learns as it does so, to the benefit of members and the credit union itself. But we realized that with AI, we could add another channel of engagement but very cost effectively. Its vision? Even with more than 2.9 That’s just a small example.

Cost-Benefit 91

Cost-Benefit Interactive Digital Transformation Business Intelligence 91

Smart Data Collective

MAY 16, 2022

AI can analyze data from a variety of sources to help businesses determine which benefits and salary levels will be most appealing to potential employees. In this blog post, we will discuss how AI is being used to create optimal employee compensation packages and the benefits this technology can offer your business.

Cost-Benefit 115

Cost-Benefit Machine Learning Marketing Advertising 115

IBM Big Data Hub

NOVEMBER 24, 2023

Application modernization starts with assessment of current legacy applications, data and infrastructure and applying the right modernization strategy (rehost, re-platform, refactor or rebuild) to achieve the desired result. We will explore key areas of acceleration with an example in this article.

Cost-Benefit 89

Cost-Benefit Testing Data-driven Enterprise 89

CIO Business Intelligence

JUNE 21, 2023

A common but critical challenge I hear from CIOs, CTOs, and CDOs every day is that they have a difficult time helping the C-suite understand that IT is the very architecture for the future of business, not a cost center. How do you convince decision-makers to collaborate on linking IT strategy with business strategy?

Modeling 105

Modeling Cost-Benefit ROI Digital Transformation 105

Smart Data Collective

MARCH 2, 2023

However, there are even more important benefits of using big data during a bad economy. Big Data Can Help Companies Persevere in the Face of the Recession Big data technology can offer enormous benefits for companies. Big data offers many benefits for companies in any economy. Some of these benefits include the following.

Big Data 82

Big Data Uncertainty Risk Data mining 82