Smart Data Collective

APRIL 21, 2022

The Internet of Things is one of the fastest growing industries. This will as well ensure accuracy in forecasting power generation rates and respective grid adjustments. To properly optimize the overall solar farm efficiency, every solar panel must operate at its peak capacity. Effective production forecast.

IoT 100

IoT Internet of Things Forecasting Predictive Modeling 100

Smart Data Collective

SEPTEMBER 28, 2021

For instance, Toshiba, a Japanese computer device and service provider, uses data obtained from portable tech combined with AI to ensure safety at work. IoT implementation simplifies your organization and aids in creating precise forecasts, both of which are critical for increasing corporate efficiency.

IoT 134

IoT Internet of Things Cost-Benefit Consulting 134

Jet Global

OCTOBER 3, 2019

Of all the transformative effects the internet has had on the world of business, none is more dramatic than the proliferation of data it has enabled. Big Business Needs Big Data. What is Big Data Analytics Software? Think of it as a historian, fortune teller, and advisor all in one. Manufacturing.

Big Data 53

Big Data Software Data Analytics Analytics 53

Smart Data Collective

DECEMBER 16, 2019

Primarily, the role that IT systems play begins and ends with data, which is the constant input and output of computerized devices. It is therefore not surprising that the current trend for businesses is to seek solutions for big data adoption and usage. Faster and more flexible decision making.

Optimization 54

Optimization Enterprise Internet of Things Cost-Benefit 54

Smart Data Collective

JULY 2, 2019

Big data is playing a surprisingly important role in the evolution of renewable energy. IBM recently published a fascinating paper on the applications of big data for solar and other green energy sources. Other researchers around the world are also talking about the role of data analytics in this dynamic, growing field.

Data Analytics 76

Data Analytics Internet of Things Analytics Big Data 76

Rocket-Powered Data Science

OCTOBER 6, 2023

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. Another way of saying this is: given some desired optimal outcome Y, what conditions X should we put in place.

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

Smart Data Collective

SEPTEMBER 23, 2020

The market for data warehouses is booming. One study forecasts that the market will be worth $23.8 While there is a lot of discussion about the merits of data warehouses, not enough discussion centers around data lakes. We talked about enterprise data warehouses in the past, so let’s contrast them with data lakes.

Data Lake 106

Data Lake Data Warehouse Unstructured Data Big Data 106

Smart Data Collective

APRIL 7, 2022

Few people anticipated that big data would have such a profound impact on the e-commerce sector. Companies in the distribution industry are particularly dependent on data, due to the complicated logistics issues they encounter. ERP Integration is the Newest Trend in E-Commerce for Data-Driven Distribution Businesses.

B2B 107

B2B Sales Big Data Cost-Benefit 107

datapine

NOVEMBER 19, 2019

There are a large number of tools used in AI, including versions of search and mathematical optimization, logic, methods based on probability and economics, and many others. Some more examples of AI applications can be found in various domains: in 2020 we will experience more AI in combination with big data in healthcare.

Technology 279

Technology Internet of Things IT IoT 279

erwin

JUNE 11, 2020

Data intelligence transforms the way industries operate by enabling businesses to hasten the process of analyzing and understanding the derived information with its more understandable models and aggregated trends. UPS employed the Orion route optimization system and was able to cut down 364 million miles from its routes globally.

Key Performance Indicator 103

Key Performance Indicator KPI Data-driven Machine Learning 103

Sisense

MAY 11, 2021

With our strategy in mind, we factored in our consumers and consuming services, which primarily are Sisense Fusion Analytics and Cloud Data Teams. Interestingly, this ad hoc analysis benefits from a single source of truth that is easy to query to allow for quickly querying of raw data alongside the cleanest data (i.e.,

Modeling 84

Modeling Big Data IoT Data Warehouse 84

datapine

NOVEMBER 27, 2019

You simply choose the data source you want to analyze and the column/variable (for instance, revenue) that the algorithm should focus on. Then, calculations will be run and come back to you with growth/trends/forecast, value driver, key segments correlations, anomalies, and what-if analysis. 5) Collaborative Business Intelligence.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Smart Data Collective

NOVEMBER 25, 2019

New Avenues of Data Discovery. New data-collection technologies , like internet of things (IoT) devices, are providing businesses with vast banks of minute-to-minute data unlike anything collected before. AI-Powered Big Data Technology. Predictive Business Analytics. General-Audience AI Tools.

Business Intelligence 102

Business Intelligence Predictive Analytics Data Collection Internet of Things 102

IBM Big Data Hub

JUNE 20, 2023

By coupling asset information (thanks to the Internet of Things (IoT)) with powerful analytics capabilities, businesses can now perform cost-effective preventive maintenance, intervening before a critical asset fails and preventing costly downtime. Put simply, it’s about fixing things before they break.

Strategy 71

Strategy Management Cost-Benefit IoT 71

IBM Big Data Hub

MARCH 8, 2024

As mobile technology has expanded over the years, the amount of data users generate every day has increased exponentially. Currently, other transformational technologies like artificial intelligence (AI), the Internet of Things (IoT ) and machine learning (ML) require much faster speeds to function than 3G and 4G networks offer.

IoT 98

IoT Broadcasting Internet of Things Technology 98

IBM Big Data Hub

FEBRUARY 23, 2024

Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends. ML and DL lie at the core of predictive analytics, enabling models to learn from data, identify patterns and make predictions about future events.

Enterprise 95

Enterprise Interactive Data-driven Key Performance Indicator 95

Cloudera

JANUARY 20, 2021

Consider that Manufacturing’s Industry Internet of Things (IIOT) was valued at $161b with an impressive 25% growth rate, the Connected Car market will be valued at $225b by 2027 with a 17% growth rate, or that in the first three months of 2020, retailers realized ten years of digital sales penetration in just three months.

Digital Transformation 110

Digital Transformation Manufacturing Data Warehouse Predictive Analytics 110

IBM Big Data Hub

JULY 27, 2023

More recently, these systems have integrated advanced technologies like Internet of Things (IoT), artificial intelligence (AI) and machine learning (ML) to enable predictive analytics and real-time monitoring. Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs.

Cost-Benefit 56

Cost-Benefit IoT Internet of Things Enterprise 56

IBM Big Data Hub

JUNE 14, 2023

An innovative application of the Industrial Internet of Things (IIoT), SM systems rely on the use of high-tech sensors to collect vital performance and health data from an organization’s critical assets. Ensure that sensitive data remains within their own network, improving security and compliance.

Manufacturing 72

Manufacturing Technology Internet of Things Cost-Benefit 72

IBM Big Data Hub

JUNE 10, 2024

Beyond that, household devices blessed with Internet of Things (IoT) technology means that CPUs are now being incorporated into refrigerators, thermostats, security systems and more. Data analytics The goal of data analytics is to take raw data and refine it into an understandable narrative that addresses business goals.

Manufacturing 62

Manufacturing Forecasting Data-driven Internet of Things 62

IBM Big Data Hub

MAY 31, 2023

Without due care and attention, things break—regardless of whether that’s a transformer in an electricity grid, an axle bearing on a train or a refrigerator in a restaurant. Predictive strategies take this even further and use advanced data techniques to forecast when things are likely to go wrong in the future.

Cost-Benefit 87

Cost-Benefit Strategy IoT Internet of Things 87

IBM Big Data Hub

MARCH 4, 2024

In the four years since it burst onto the market, 5G has been widely touted as a disruptive technology, capable of transformation on a similar scale to artificial intelligence (AI) , the Internet of Things (IoT) and machine learning (ML). It’s dizzying to think of all the potential applications of 5G in the factory setting.

IoT 94

IoT Internet of Things Technology Enterprise 94

IBM Big Data Hub

FEBRUARY 6, 2024

A CMP creates a single pane of glass (SPOG) that provides enterprise-wide visibility into multiple sources of information and data. This unified view gives administrators and development teams centralized control over their infrastructure and apps, making it possible to optimize cost, security, availability and resource utilization.

Cost-Benefit 99

Cost-Benefit Digital Transformation Software Modeling 99

IBM Big Data Hub

JULY 5, 2023

Read this blog post to explore how digital twins can help you optimize your asset performance. A sound ALM strategy ensures compliance no matter where data is being stored. With a good digital twin, it’s possible to predict how an asset will perform under certain conditions and what it’s projected lifespan will be.

Strategy 53

Strategy Management IoT Cost-Benefit 53

IBM Big Data Hub

JUNE 15, 2023

This keeps maintenance information in one place and easily accessible to workers who must use it to perform regular maintenance activities like forecasting and replenishment. Enterprise asset management with the IBM Maximo Application Suite helps companies optimize asset performance and extend asset lifespans.

Management 68

Management Broadcasting Cost-Benefit IoT 68

IBM Big Data Hub

JUNE 29, 2023

Digitalization has had a profound impact on the manufacturing sector, enabling businesses to optimize processes, improve quality and reduce costs. It integrates advanced technologies—like the Internet of Things (IoT), artificial intelligence (AI) and cloud computing —into an organization’s existing manufacturing processes.

Manufacturing 55

Manufacturing Internet of Things Cost-Benefit Digital Transformation 55

CIO Business Intelligence

APRIL 12, 2022

This takes the sensors closer to the actual goods and improves the quality and adds to the total amount of data, which ultimately enables everyone in the supply chain to make better decisions, so waste is reduced and processes are optimized.”. That brings us to the value of timely data and analytics. Democratization of data.

IoT 102

IoT Analytics Manufacturing Cost-Benefit 102