Smart Data Collective

MARCH 2, 2023

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. Patil and other experts argue that big data can help them with this.

Big Data 81

Big Data Uncertainty Risk Data mining 81

Smart Data Collective

FEBRUARY 4, 2021

Companies are discovering the countless benefits of using big data as they strive to keep their operations lean. Big data technology has made it a lot easier to maintain a decent profit margin as they try to keep their heads above water during a horrific economic downturn.

Data Analytics 141

Data Analytics Analytics Cost-Benefit Big Data 141

BizAcuity

MARCH 18, 2019

Credit scoring systems and predictive analytics model attempt to quantify uncertainty and provide guidance for identifying, measuring and monitoring risk. Benefits of Predictive Analytics in Unsecured Consumer Loan Industry. Predicting the number of labor hours required is based on past data of customers and patterns in their behavior.

Predictive Analytics 83

Predictive Analytics Analytics Cost-Benefit Data mining 83

Smart Data Collective

MAY 3, 2021

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.

Big Data 122

Big Data Data mining Cost-Benefit Insurance 122