Smart Data Collective

DECEMBER 14, 2019

This is slowly changing with the emergence of AI and big data to solve these challenges. In this post, we’re going to take a closer look at AI and big data and how they can transform the customer journey. Leaders in business perceive AI as follows: source: [link] AI has the following benefits: source: [link].

Big Data 64

Big Data Cost-Benefit B2B Sales 64

Smart Data Collective

AUGUST 30, 2022

The sudden growth is not surprising, because the benefits of the cloud are incredible. Cloud technology results in lower costs, quicker service delivery, and faster network data streaming. It also allows companies to offload large amounts of data from their networks by hosting it on remote servers anywhere on the globe.

Technology 133

Technology Enterprise Cost-Benefit Testing 133

Smart Data Collective

DECEMBER 21, 2020

We previously talked about the benefits of data analytics in the insurance industry. One report found that big data vendors will generate over $2.4 Key benefits of AI include recognizing speech, identifying objects in an image, and analyzing natural or unstructured data forms.

Insurance 134

Insurance Cost-Benefit Big Data Unstructured Data 134

Sisense

MARCH 20, 2019

As a company that touts the benefits of a full end-to-end BI solution, we certainly know the value of a data engineer. The data engineer’s job is to extract, clean, and normalize data, clearing the path for data scientists to explore that data and build models. First, let’s start with basic language skills.

Big Data 72

Big Data Machine Learning Data Warehouse Unstructured Data 72

IBM Big Data Hub

MAY 14, 2024

Despite the headwinds, there are tailwinds in which we can use new technology to enable CFOs to perform in their business partnering roles and drive productivity, cost take out, accuracy, control and business value. There are benefits to being a consumer of AI but far greater benefits for being a value creator.

Finance 75

Finance Cost-Benefit Reporting Forecasting 75

Smart Data Collective

OCTOBER 20, 2020

Data analytics is at the forefront of the modern marketing movement. Companies need to use big data technology to effectively identify their target audience and reliably reach them. Big data should be leveraged to execute any GTM campaign. Some of these were addressed in the Data Driven Summit 2018.

Marketing 107

Marketing Data Analytics Analytics Big Data 107

IBM Big Data Hub

FEBRUARY 14, 2024

Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). More benefits from AI include building a more sustainable IT system and improving the continuous integration/continuous (CI/CD) delivery pipelines.

Cost-Benefit 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications.

Unstructured Data 95

Unstructured Data Cost-Benefit Experimentation Machine Learning 95

CIO Business Intelligence

MAY 8, 2024

In the age of big data, where information is generated at an unprecedented rate, the ability to integrate and manage diverse data sources has become a critical business imperative. Traditional data integration methods are often cumbersome, time-consuming, and unable to keep up with the rapidly evolving data landscape.

Data Integration 59

Data Integration IoT Cost-Benefit Data Quality 59

Smart Data Collective

APRIL 5, 2022

Companies and individuals with the computing power that data scientists might need are able to sell it in exchange for cryptocurrencies. There are a lot of powerful benefits of offering an incentive-based approach as hardware accelerators. This significantly reduces the amount of time needed to engage in data science tasks.

Cost-Benefit 122

Cost-Benefit Machine Learning Data Science Unstructured Data 122

Smart Data Collective

DECEMBER 18, 2020

A few years ago, we talked about the benefits of using AI and big data in disaster relief. In seven of the last 10 years, there have been 10 or more weather-related disasters with costs exceeding $1 billion each. Benefits of Assistive AI in Fighting Natural Disaster Damage.

Cost-Benefit 89

Cost-Benefit Unstructured Data Big Data Risk 89

BizAcuity

MARCH 29, 2019

Data lakes are centralized repositories that can store all structured and unstructured data at any desired scale. The power of the data lake lies in the fact that it often is a cost-effective way to store data. Avoid the misperception of thinking of a data lake as just a way of doing a database more cheaply.

Data Lake 102

Data Lake Unstructured Data Cost-Benefit Data Quality 102

CIO Business Intelligence

APRIL 22, 2022

What is data science? Data science is a method for gleaning insights from structured and unstructured data using approaches ranging from statistical analysis to machine learning. The difference between data analytics and data science is also one of timescale. The benefits of data science.

Data Science 140

Data Science Statistics Machine Learning Visualization 140

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

IBM Big Data Hub

FEBRUARY 2, 2023

The rise of cloud has allowed data warehouses to provide new capabilities such as cost-effective data storage at petabyte scale, highly scalable compute and storage, pay-as-you-go pricing and fully managed service delivery. However, a more detailed analysis is needed to make an informed decision.

Data Warehouse 57

Data Warehouse Cost-Benefit Unstructured Data Data Architecture 57

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

Cloudera

JANUARY 5, 2021

Gartner, IDC, and ISM have reported that incorporating big data helps improve demand forecasts, building supply chain agility that can provide a 2% average revenue increase and a 15% average inventory reduction simultaneously. Reduced number of vehicles / drivers by 140 (@ $150k cost per) = $21m .

Forecasting 90

Forecasting Cost-Benefit Sales Unstructured Data 90

AWS Big Data

APRIL 25, 2024

In the era of data, organizations are increasingly using data lakes to store and analyze vast amounts of structured and unstructured data. Data lakes provide a centralized repository for data from various sources, enabling organizations to unlock valuable insights and drive data-driven decision-making.

Optimization 67

Optimization Data Lake Cost-Benefit Reporting 67

AWS Big Data

MARCH 10, 2023

Since the deluge of big data over a decade ago, many organizations have learned to build applications to process and analyze petabytes of data. Data lakes have served as a central repository to store structured and unstructured data at any scale and in various formats.

Data Lake 108

Data Lake Sales Data Warehouse Snapshot 108

Cloudera

DECEMBER 7, 2020

Personalized Interactions Driven by Data. Successful retailers are leveraging customer profiles that produce higher customer engagement results and reduced marketing costs by delivering targeted, relevant, contextual content and recommendations. customer digital interactions annually, this was truly a ‘big data’ opportunity.

Cost-Benefit 61

Cost-Benefit Interactive Unstructured Data Big Data 61

datapine

JUNE 5, 2019

Without the existence of dashboards and dashboard reporting practices, businesses would need to sift through colossal stacks of unstructured data, which is both inefficient and time-consuming. A data dashboard assists in 3 key business elements: strategy, planning, and analytics. Legacy Data Solutions.

Dashboards 316

Dashboards KPI Sales Visualization 316

Smart Data Collective

JUNE 3, 2019

In a previous article I shared some of the challenges, benefits and trends of Big Data in the telecommunications industry. Big Data’s promise of value in the financial services industry is particularly differentiating. Customer-focused analysis dominates Big Data initiatives.

Big Data 73

Big Data Cost-Benefit Unstructured Data Risk 73

erwin

AUGUST 15, 2022

For NoSQL, data lakes, and data lake houses—data modeling of both structured and unstructured data is somewhat novel and thorny. This blog is an introduction to some advanced NoSQL and data lake database design techniques (while avoiding common pitfalls) is noteworthy. A sample data warehousing project.

Data Lake 52

Data Lake Modeling Unstructured Data Data Warehouse 52

AWS Big Data

MARCH 25, 2024

This data store provides your organization with the holistic customer records view that is needed for operational efficiency of RAG-based generative AI applications. For building such a data store, an unstructured data store would be best. This is typically unstructured data and is updated in a non-incremental fashion.

Data Lake 95

Data Lake Unstructured Data Management Modeling 95

IBM Big Data Hub

AUGUST 28, 2023

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth. What is text mining?

Data mining 58

Data mining Machine Learning Deep Learning Marketing 58

Jedox

FEBRUARY 13, 2019

How Financial Planning and Analysis Benefits from AI. We will have well-managed big data and real-time data along with complete and accurate data in a timely fashion, and we will have it available from both external and internal databases on a real-time basis. Harnessing the Power of AI for FP&A.

IT 54

IT Finance Cost-Benefit Unstructured Data 54

BizAcuity

APRIL 14, 2022

Big Data technology in today’s world. Did you know that the big data and business analytics market is valued at $198.08 Or that the US economy loses up to $3 trillion per year due to poor data quality? quintillion bytes of data which means an average person generates over 1.5 Big Data Ecosystem.

Big Data 52

Big Data Data Analytics Management Unstructured Data 52

Rocket-Powered Data Science

MAY 21, 2024

One example of Pure Storage’s advantage in meeting AI’s data infrastructure requirements is demonstrated in their DirectFlash® Modules (DFMs), with an estimated lifespan of 10 years and with super-fast flash storage capacity of 75 terabytes (TB) now, to be followed up with a roadmap that is planning for capacities of 150TB, 300TB, and beyond.

Cost-Benefit 236

Cost-Benefit Unstructured Data Enterprise Technology 236

CIO Business Intelligence

JULY 14, 2023

That creates a vector index for the data source—whether that’s documents in an on-premises file share or a SQL cloud database—and an API endpoint to consume in your application. Panasonic is using this with both structured and unstructured data to power the ConnectAI assistant.

Modeling 98

Modeling Machine Learning Cost-Benefit B2B 98

Cloudera

SEPTEMBER 7, 2018

This conventional approach also employs a Relational Database Management System (RDBMS) technology, which, however, falls short in meeting current business demands for scalable, flexible and cost-efficient solutions to insider threat. Quicker : Faster time to incident investigation and response with comprehensive enterprise visibility.

Machine Learning 49

Machine Learning Risk Unstructured Data Cost-Benefit 49

AWS Big Data

MARCH 2, 2023

How Apache Iceberg addresses what customers want in modern data lakes More and more customers are building data lakes, with structured and unstructured data, to support many users, applications, and analytics tools. The runtime is the average runtime with multiple runs in our test.

Data Lake 122

Data Lake Data Processing Metadata Snapshot 122

O'Reilly on Data

SEPTEMBER 19, 2023

Each time, the underlying implementation changed a bit while still staying true to the larger phenomenon of “Analyzing Data for Fun and Profit.” ” They weren’t quite sure what this “data” substance was, but they’d convinced themselves that they had tons of it that they could monetize.

Machine Learning 247

Machine Learning Testing Modeling Cost-Benefit 247

IBM Big Data Hub

SEPTEMBER 13, 2023

For example, when a customer contacts the business via chat, email or social media, that text or voice recording is unstructured data that needs to be collected and analyzed as part of the interaction. This is especially important in customer interactions.

Digital Transformation 98

Digital Transformation Consulting Unstructured Data Recreation/Entertainment 98

IBM Big Data Hub

NOVEMBER 10, 2023

Behind the scenes, a complex net of information about health records, benefits, coverage, eligibility, authorization and other aspects play a crucial role in the type of medical treatment patients will receive and how much they will have to spend on prescription drugs.

Cost-Benefit 104

Cost-Benefit Insurance Consulting Unstructured Data 104

IBM Big Data Hub

JANUARY 10, 2024

Today’s AI technology has a range of use cases across various industries; businesses use AI to minimize human error, reduce high costs of operations, provide real-time data insights and improve the customer experience, among many other applications. Traditionally coded programs also struggle with independent iteration.

Unstructured Data 83

Unstructured Data Deep Learning Cost-Benefit Modeling 83

BizAcuity

MAY 10, 2022

Despite cost-cutting being the main reason why most companies shift to the cloud, that is not the only benefit they walk away with. Cloud washing is storing data on the cloud for use over the internet. While that allows easy access to users, and saves costs, the cloud is much more and beyond that.

Data-driven 52

Data-driven IoT Unstructured Data Data Lake 52

Smart Data Collective

JULY 31, 2022

We have talked about a lot of the benefits of using predictive analytics in finance. Increasing energy and financing costs, as well as high inflation, are the primary causes of economic weakness in the Eurozone. Traders can have even more difficulty identifying the best investing opportunities as market volatility intensifies.

Predictive Analytics 134

Predictive Analytics Analytics Uncertainty Forecasting 134