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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

The good news is that big data technology is helping banks meet their bottom line. Therefore, it should be no surprise that the market for data analytics is growing at a rate of nearly 23% a year after being worth $744 billion in 2020. Big data can help companies in the financial sector in many ways.

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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Big data offers many benefits for companies in any economy.

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Big Data Trends That Are Disrupting Management Maintenance

Smart Data Collective

Big data is leading to some major breakthroughs in the modern workplace. One study from NewVantage found that 97% of respondents said that their company was investing heavily in big data and AI. And this is usually at the lowest possible costs in terms of material and machinery. Asset data collection.

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Big Data Creates Numerous New Perks in the Gig Economy

Smart Data Collective

Big data has played a huge role in the evolution of employment models. Big data has made the gig economy stronger than ever and helped many people find new employment. Data savvy freelancers that understand concepts like self-tracking can get a lot more value out of their work.

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Creative Ways to Leverage Big Data for an Optimal Marketing Plan

Smart Data Collective

Big data technology is becoming more important than ever for modern business owners. One study by the McKinsey Institute shows that data-driven organizations are 19 times more likely to be profitable. There are many benefits of using big data to run a business. Big data has revolutionized marketing.

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8 Ways Successful Online Business Leverage Big Data

Smart Data Collective

Big data technology is disrupting almost every industry in the modern economy. Global businesses are projected to spend over $103 billion on big data by 2027. While many industries benefit from the growing use of big data, online businesses are among those most affected.

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7 Enterprise Applications for Companies Using Cloud Technology

Smart Data Collective

The market for cloud technology is booming. The sudden growth is not surprising, because the benefits of the cloud are incredible. Enterprise cloud technology applications are the future industry standard for corporations. Data streaming. Centralized data storage. Disaster recovery and data backup.