BizAcuity

MAY 16, 2022

Not any student but a rank holder in mathematics and chemistry who was tasked with assessing the quality of their brew in a cost effective manner. Now, businesses, regardless of the industry, are leveraging data and Business Intelligence to stay ahead of the competition. Business Intelligence.

Business Intelligence 52

Business Intelligence Data mining Visualization Data Lake 52

FineReport

APRIL 26, 2023

This has led to the emergence of the field of Big Data, which refers to the collection, processing, and analysis of vast amounts of data. With the right Big Data Tools and techniques, organizations can leverage Big Data to gain valuable insights that can inform business decisions and drive growth.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Paul Blogs on BI

MARCH 25, 2020

At the same time because I am so passionate about Business Intelligence and can see how it is being both used and abused in this situation, I felt compelled to share my viewpoint. Firstly, let’s talk about the data and the metrics being used to track the pandemic.

Business Intelligence 51

Business Intelligence Measurement Metrics Cost-Benefit 51

Sisense

MARCH 14, 2021

Attempting to learn more about the role of big data (here taken to datasets of high volume, velocity, and variety) within business intelligence today, can sometimes create more confusion than it alleviates, as vital terms are used interchangeably instead of distinctly. Big data challenges and solutions.

Big Data 52

Big Data IoT Data Warehouse Data-driven 52

Smart Data Collective

FEBRUARY 2, 2021

Big Data is more than a trend or a buzzword. In 2020, the size of the global Big Data market reached 56 billion, and it’s on track to exceed 103 billion by 2027. Consumers are generating huge amounts of data at a rapid rate, and it is estimated that up to 90% of all data was generated only in the past two years.

Big Data 84

Big Data Recreation/Entertainment Cost-Benefit Finance 84

Smart Data Collective

NOVEMBER 21, 2019

Big data is transforming the daily realities of running a business. Companies can use big data to handle certain tasks more quickly and cost-effectively than ever. Of course, big data also raises some new challenges. Overall, big data is a gift to businesses of all sizes.

Big Data 110

Big Data Sales Cost-Benefit Marketing 110

Smart Data Collective

JULY 22, 2019

Big or small, every business needs good tools to analyze data and develop the most suitable business strategy based on the information they get. Business intelligence tools are means that help companies get insights from their data and get a better understanding of what directions and trends to follow.

Business Intelligence 80

Business Intelligence Cost-Benefit Dashboards Visualization 80

Smart Data Collective

DECEMBER 11, 2019

In 2013, Wired published a very interesting article about the role of big data in the field of integrated business systems. Author James Kobielus, the lead AI and data analyst for Wikibon and former IBM expert, said that there are a number of ways that integrated business systems are tapping the potential of AI and big data.

Big Data 68

Big Data Cost-Benefit Software Risk 68

Jet Global

DECEMBER 3, 2021

The term “ business intelligence ” (BI) has been in common use for several decades now, referring initially to the OLAP systems that drew largely upon pre-processed information stored in data warehouses. As the cost benefit ratio of BI has become more and more attractive, the pace of global business has also accelerated.

Business Intelligence 52

Business Intelligence Sales OLAP Data Warehouse 52

datapine

SEPTEMBER 29, 2022

Paired to this, it can also: Improved decision-making process: From customer relationship management, to supply chain management , to enterprise resource planning, the benefits of effective DQM can have a ripple impact on an organization’s performance. Industry-wide, the positive ROI on quality data is well understood. 1 – The people.

Data Quality 241

Data Quality Metrics Data-driven Management 241

Boris Evelson

MARCH 8, 2021

Software-as-a-service (SaaS) offers many benefits, including but not limited to elasticity: the ability to shrink and grow storage and compute resources on demand. Clients of most leading enterprise business intelligence (BI) platforms enjoy this cloud elasticity benefit but at a cost.

Cost-Benefit 137

Cost-Benefit Business Intelligence Software Enterprise 137

datapine

NOVEMBER 5, 2019

In fact, according to eMarketer, 40% of executives surveyed in a study focused on data-driven marketing, expect to “significantly increase” revenue. Not to worry – we’ll not only explain the link between big data and business performance but also explore real-life performance dashboard examples and explain why you need one (or several).

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

datapine

OCTOBER 21, 2020

Big data has changed the way we manage, analyze, and leverage data across industries. One of the most notable areas where data analytics is making big changes is healthcare. In this article, we’re going to address the need for big data in healthcare and hospital big data: why and how can it help?

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

datapine

MARCH 8, 2021

We’ve delved into the impact of big data in healthcare. Healthcare reports can help reduce errors, enhance the acquisition of vital patient data, reduce needless expenditure, and improve healthcare processes exponentially. Explore our 14-day free trial & benefit from great healthcare reports! Preventative management.

Reporting 198

Reporting KPI Management Cost-Benefit 198

Smart Data Collective

AUGUST 10, 2021

Big data and analytics technology is rapidly changing the future of modern business. Do you find storing and managing a large quantity of data to be a difficult task? Has the cost of data installation and maintenance increased with each passing day at your company? Increased Productivity in Operations.

Data Analytics 135

Data Analytics Analytics Big Data Key Performance Indicator 135

AWS Big Data

APRIL 17, 2024

Analytics as a service (AaaS) is a business model that uses the cloud to deliver analytic capabilities on a subscription basis. This model provides organizations with a cost-effective, scalable, and flexible solution for building analytics. times lower cost per user and up to 7.9 Amazon Redshift delivers up to 4.9

Data Warehouse 105

Data Warehouse Analytics Cost-Benefit Modeling 105

Smart Data Collective

MARCH 25, 2021

Business reporting has been around for a long time but the tools and techniques of business intelligence have refined over time and now with the recent popularity of data driven business approach, data has been identified as the most valuable asset of a business and data analytics and reporting has finally found a key place in the business world.

Data-driven 123

Data-driven Analytics Business Intelligence Dashboards 123

CIO Business Intelligence

APRIL 22, 2022

Data science is a method for gleaning insights from structured and unstructured data using approaches ranging from statistical analysis to machine learning. Data science gives the data collected by an organization a purpose. Data science vs. data analytics. The benefits of data science.

Data Science 140

Data Science Statistics Machine Learning Visualization 140

CIO Business Intelligence

FEBRUARY 22, 2024

Since its creation over five years ago, the Digital Hub has included a team of experts in innovation, technologies, and trends — such as IoT, big data, AI, drones, 3D printing, or advances in customer experience — who work in concert with other business units to identify and execute new opportunities.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

CIO Business Intelligence

FEBRUARY 5, 2024

How did these changes help improve your business performance last year? Our primary goal has always been to innovate in ways that directly benefit our clients, ensuring that our products and processes, particularly in technology, are tailored to meet their evolving needs and daily demands.

IT 119

IT Digital Transformation Cost-Benefit Technology 119

IBM Big Data Hub

DECEMBER 1, 2023

This relatively new system offers a centralized platform with applications to manage all aspects of your business from supply chain management to inventory management to financial management. Benefits of on-premises Cost: Since the software is done on-premises there isn’t a monthly or annual subscription cost for the software.

Enterprise 93

Enterprise Cost-Benefit Consulting Software 93

datapine

JUNE 5, 2019

Enter data dashboards – one of history’s best innovations in business intelligence. To help you understand this notion in full, we’re going to explore a data dashboard definition, explain the power of dashboard data, and explore a selection of data dashboard examples. Legacy Data Solutions.

Dashboards 316

Dashboards KPI Sales Visualization 316

IBM Big Data Hub

APRIL 25, 2023

In a prior blog , we pointed out that warehouses, known for high-performance data processing for business intelligence, can quickly become expensive for new data and evolving workloads. The rise of cloud object storage has driven the cost of data storage down.

Optimization 57

Optimization Strategy Data Warehouse Cost-Benefit 57

Smart Data Collective

DECEMBER 21, 2022

Big data technology has helped businesses make more informed decisions. A growing number of companies are developing sophisticated business intelligence models, which wouldn’t be possible without intricate data storage infrastructures. One of the biggest issues pertains to data quality.

Business Analytics 109

Business Analytics Analytics Data Quality Big Data 109

datapine

MARCH 15, 2019

At present, 53% of businesses are in the process of adopting big data analytics as part of their core business strategy – and it’s no coincidence. To win on today’s information-rich digital battlefield, turning insight into action is a must, and online data analysis tools are the very vessel for doing so.

Technology 143

Technology Cost-Benefit KPI Dashboards 143

datapine

JANUARY 21, 2020

Big data plays a crucial role in online data analysis , business information, and intelligent reporting. Companies must adjust to the ambiguity of data, and act accordingly. As a result, BI can benefit the overall evolution as well as the profitability of a company, regardless of niche or industry.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

CIO Business Intelligence

DECEMBER 13, 2022

While “consumption” matters are just as critical, getting data supply right is essential to ensuring that data — and the insights it drives — are available and trustworthy. How is data analytics helping us drive down capital expenditure and operating costs? How are we using data analytics to manage enterprise risk?

Data Analytics 105

Data Analytics Strategy Analytics Metrics 105

CIO Business Intelligence

SEPTEMBER 18, 2023

From a company standpoint, you minimize turnover and search and recruiting costs.” Because its processes are so steeped in science, Regeneron benefits from a different mentality for IT skills development than what’s typically standard — for example, regular trainings as part of a job description or annual performance review, McCowan says.

IT 136

IT Cost-Benefit Technology Business Intelligence 136

IBM Big Data Hub

JANUARY 5, 2023

Ill-timed business decisions and misinformed business processes, missed revenue opportunities, failed business initiatives and complex data systems can all stem from data quality issues. Several factors determine the quality of your enterprise data like accuracy, completeness, consistency, to name a few.

Data Quality 52

Data Quality Data Architecture Strategy Data Lake 52

Smart Data Collective

MARCH 30, 2021

A data-driven approach allows companies of any scale to develop SEO and marketing strategies based not on the opinion of individual marketers but on real statistics. Big data helps better understand your customers, adjust your strategy according to the obtained results, and even decide on the further development of your product line.

Data-driven 91

Data-driven Sales Big Data Marketing 91

CIO Business Intelligence

OCTOBER 16, 2023

Using big data technology and regression algorithms, they’ve cut downtime by 20% and increased production efficiency by 48%. Manufacturers can now reduce costs, enhance product quality, and significantly increase their market competitiveness. Liu Chao, CEO of Huawei’s Manufacturing and Large Enterprise BU.

Manufacturing 133

Manufacturing Strategy Cost-Benefit IoT 133

Sisense

FEBRUARY 26, 2020

We all know that data is becoming more and more essential for businesses, as the volume of data keeps growing. Dresner reported that nearly 97% of respondents in their Big Data Analytics Market Study consider Big Data to be either important or critical to their businesses. They’re right.

Digital Transformation 90

Digital Transformation Analytics Cost-Benefit Data-driven 90

datapine

JANUARY 7, 2020

Without big data analytics, companies are blind and deaf, wandering out onto the Web like deer on a freeway. The accessible visual nature of executive reporting means that it’s easy to make sense of specific datasets, spot ongoing trends and take a number of decisive actions that ultimately benefit the business, often in real-time.

Dashboards 149

Dashboards Reporting KPI Metrics 149

datapine

JANUARY 24, 2021

By asking the right questions, utilizing sales analytics software that will enable you to mine, manipulate and manage voluminous sets of data, generating insights will become much easier. Before starting any business venture, you need to make the most crucial step: prepare your data for any type of serious analysis.

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

MARCH 24, 2023

Several of the overall benefits of data management can only be realized after the enterprise has established systematic data governance. To counter that, BARC recommends starting with a manageable or application-specific prototype project and then expanding across the company based on lessons learned.

Data Governance 142

Data Governance Management Metadata Data Quality 142

Smart Data Collective

SEPTEMBER 26, 2019

Even the data businesses use has the option to become smart when business intelligence practices come into play. Around 80% of companies indicate worries about their ability to keep up with the massive amounts of data generated by the IoT and make sense of everything. Reduce Fleet Costs.

Internet of Things 70

Internet of Things IoT Cost-Benefit Insurance 70

IBM Big Data Hub

APRIL 1, 2024

Businesses that use IBM watsonx Assistant can expect to see a 30% reduction in customer support costs and a 20% increase in customer satisfaction. GenAI technologies can survey publicly available sources, such as press releases, to collect competitor data and compare the current product mix to competitor offerings.

Predictive Analytics 83

Predictive Analytics Sales Enterprise Predictive Modeling 83