Smart Data Collective

JUNE 15, 2022

According to many surveys, more than 90% of retail organizations across a wide range of sectors feel location data is crucial to their success. In fact, the popularity of location data has grown so much that it is expected to touch about $35 billion in value by 2027. 9 Ways Location Data Can Help You Excel in Retail.

Advertising 97

Advertising Cost-Benefit ROI Sales 97

CIO Business Intelligence

OCTOBER 4, 2022

Many CIOs are now working with an IT environment that can deliver a modern data strategy but are struggling to unlock the full potential. The first step for CIOs is to break down internal barriers and address the problems caused by data siloed in legacy environments.

Cost-Benefit 95

Cost-Benefit Strategy ROI Digital Transformation 95

Smart Data Collective

APRIL 1, 2021

The technological advancements have left no excuse for brands to justify the lack of customer data collection. This data, in return, enables them to carve out specialized marketing campaigns targeting the right audience. Now marketers can capture data at almost every stage of the buying decision.

Big Data 109

Big Data Marketing Data-driven ROI 109

Alation

JULY 15, 2022

I recently led an online session, Data Monetisation and Governance , looking at the evolution of data governance , defining data ethics (from the Turing Institute ), and touching on the balancing act between using data to monetise (by increasing revenue, decreasing spend, or mitigating risk) and meeting ethical obligations.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

datapine

FEBRUARY 22, 2022

But the rewards outperform by far its costs, and it is well known that business intelligence ROI is real even if it is sometimes hard to quantify. Employ a Chief Data Officer (CDO). Big data guru Bernard Marr wrote about The Rise of Chief Data Officers. Indeed, every year low-quality data is estimated to cost over $9.7

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

Smart Data Collective

NOVEMBER 24, 2020

In this article, you’ll discover: upcoming trends in business intelligence what benefits will BI provide for businesses in 2020 and on? Another important benefit to expect in the future of BI is instant access to important data, fast analysis, and easy-to-read presentations in charts and reports. Increase in ROI.

Business Intelligence 130

Business Intelligence Visualization Dashboards Prescriptive Analytics 130

BA Learnings

AUGUST 7, 2021

In this article, we’ll be discussing 3 reasons why most digital transformation initiatives continue to fail so you can be aware of the red flags, and avoid them altogether. However, after putting in place infrastructure for this database, you realize you need to improve your data collection methods. Let’s get started.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

Smart Data Collective

MARCH 2, 2022

This is a topic that Harvard Business Review author Jonathon Reilly discussed in an article back in November. No-code platforms are also becoming more valuable for data scientists. This is a company that boasts its commitment to providing data science solutions to companies without the need to create code. Need for cost savings.

Data Science 111

Data Science Enterprise Insurance ROI 111

erwin

DECEMBER 20, 2018

The driving factors behind data governance adoption vary. Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. Data governance’s importance has become more widely understood.

Data Governance 40

Data Governance ROI Risk Management Metadata 40

Alation

SEPTEMBER 1, 2022

Activating metadata within a data intelligence platform surfaces key insights and unburden experts from tedious manual work. Data intelligence goes beyond systematic data collection in organizations and [uses] metadata to link and interconnect additional information,” the report states. The solution?

Reporting 52

Reporting Metadata Data Governance Interactive 52

FineReport

APRIL 9, 2021

This article shows you a comprehensive guide on Financial Reporting and Financial Analysis and illustrates how to use them appropriately. . As the name suggests, financial reporting is a method of compilation and reproduction of crucial financial data in a structured and readable manner. This article provides four ideas for reference.

Reporting 98

Reporting Finance Dashboards Enterprise 98

datapine

JUNE 4, 2020

A chief technology officer (also referred to as chief technical officer or chief technologist), has an immense responsibility to drive a company forward and lead the technological advancements, research, development, and management in order to generate business value and increase the return on investment (ROI). Focus on the goal and audience.

Dashboards 130

Dashboards Reporting Metrics Visualization 130

datapine

JULY 6, 2022

According to an article in Harvard Business Review, measuring productivity in a modern business context is not only about direct labor but about a lot of other non-labor areas. You can dig deeper into this topic by looking at our HR reports article gathering examples and templates. Let’s look at some of them. Lead-to-MQL-ratio.

Measurement 243

Measurement Metrics KPI Sales 243

datapine

OCTOBER 14, 2020

The point of such dashboards is not to simplify the working environment and analysis processes since there are massive volumes of data collected on a daily level, and companies need solutions that will bring them to the right answer at the right time. They provide ROI by quickly highlighting trends and dig out irregularities.

Dashboards 235

Dashboards Interactive Reporting KPI 235

IBM Big Data Hub

AUGUST 4, 2023

When workers get their hands on the right data, it not only gives them what they need to solve problems, but also prompts them to ask, “What else can I do with data?” ” through a truly data literate organization. What is data democratization?

Data Architecture 61

Data Architecture Data Lake Machine Learning Data Governance 61

Smart Data Collective

OCTOBER 30, 2019

It is not nearly as useful with small data, which was the only form of data that used to be available to marketers. Our colleague Jyoti Prakash Maheswari discussed problems with small data sets on his article on Towards Data Science. For many years, marketers had to work with small data sets.

Machine Learning 72

Machine Learning Advertising Big Data Marketing 72

FineReport

MAY 31, 2023

In today’s dynamic business environment, gaining comprehensive visibility into financial data is crucial for making informed decisions. In this article, we will explore the concept of a financial dashboard, highlight its numerous benefits, and provide various kinds of financial dashboard examples for you to employ and explore.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

Domino Data Lab

MAY 8, 2019

Paco Nathan’s latest article features several emerging threads adjacent to model interpretability. I’ve been out themespotting and this month’s article features several emerging threads adjacent to the interpretability of machine learning models. training data”) show the tangible outcomes. Introduction. 2018-06-21).

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Domino Data Lab

FEBRUARY 4, 2019

For a sample of some of Dr. Kahneman’s recent work, check out this Harvard Business Review (HBR) article, “ Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making.” Data science tinkering is typically accompanied by evidence for the merits of the exploration. Articulating process for data science.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

Jet Global

MAY 1, 2023

Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. Costs: The investment in developing and maintaining the solution. “-1”: The formula assures that a positive ROI is achieved only when benefits exceed the costs. The formula looks like this: ($750k / $250k) = 3, so the ROI is 200 percent.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

Alation

AUGUST 2, 2022

Using Alation’s curated data catalog , the company’s California-based data analysts efficiently collaborated with their peers in the Philippines to optimize their analysis efforts. Alation helped to streamline the process, as the data catalog connects information, articles, and conversation with helpful metadata.

Strategy 52

Strategy Cost-Benefit Metrics Data Lake 52

Domino Data Lab

MARCH 3, 2019

Seriously, this entire article merely skims the surface of those reports. Check the end of this article for key guidance synthesized from the practices of the leaders in the field. Then, when we received 11,400 responses, the next step became obvious to a duo of data scientists on the receiving end of that data collection.

Data Science 49

Data Science Deep Learning Machine Learning Modeling 49

Domino Data Lab

JUNE 23, 2019

But the reality is, if you give something, an arbitrary news article and ask it to do a generative summary, what comes out is often not factually correct and sometimes it’s not even sensible. And then you’ll do a lot of work to get it out and then there’ll be no ROI at the end. It just looks like plausible English.

Management 110

Management Machine Learning Experimentation Metrics 110

Occam's Razor

APRIL 29, 2013

PS: The phrase "real-time data analysis" is an oxymoron. Real-time data is super valuable if zero human beings are involved from data collection to action being taken. PS: Bonus : Facebook Advertising / Marketing: Best Metrics, ROI, Business Value. PPS: I've mentioned one exception in the past.

Marketing 166

Marketing Metrics Advertising Measurement 166

Occam's Razor

FEBRUARY 9, 2015

How is competitive intelligence data collected? Competitive intelligence data will never match your site's analytics tool. CI data collection. How does any tool have access to your website or mobile app data? But in the lovely environment of the web there are a number of ways to collect your data.

Metrics 155

Metrics Reporting IT Advertising 155

Occam's Razor

APRIL 21, 2014

Grow traffic first, with even with bad measurement I can find positive ROI areas for growth or invest time getting Analytics in order first for more objective decision making? And please see the Unmissable Articles listed on the bottom right of this post. I need to pick my spots and decide where to assign resources first.

Marketing Analytics 131

Marketing Analytics Marketing Analytics Measurement 131