Smart Data Collective

AUGUST 10, 2021

Big data and analytics technology is rapidly changing the future of modern business. Has the cost of data installation and maintenance increased with each passing day at your company? What exactly is Big Data, but why is it so important? Over 67% of companies spend over $10,000 a year on analytics solutions.

Data Analytics 135

Data Analytics Analytics Big Data Key Performance Indicator 135

Smart Data Collective

NOVEMBER 26, 2021

With the “big data” or insurmountable, high-volume amount of information, data analytics plays a crucial role in many business aspects, including revenue marketing. Data analytics refers to the systematic computational analysis of statistics or data. It lays a core foundation necessary for business planning.

Marketing 111

Marketing Data Analytics Key Performance Indicator Analytics 111

datapine

MARCH 31, 2022

According to the US Bureau of Labor Statistics, demand for qualified business intelligence analysts and managers is expected to soar to 14% by 2026, with the overall need for data professionals to climb to 28% by the same year. They can help a company forecast demand, or anticipate fraud.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

IBM Big Data Hub

JULY 6, 2023

While data science and machine learning are related, they are very different fields. In a nutshell, data science brings structure to big data while machine learning focuses on learning from the data itself. What is data science? It’s also necessary to understand data cleaning and processing techniques.

Machine Learning 54

Machine Learning Data Science Statistics Deep Learning 54

FineReport

MARCH 24, 2024

Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making. Data analysts contribute value to organizations by uncovering trends, patterns, and insights through data gathering, cleaning, and statistical analysis.

Statistics 52

Statistics Data mining Visualization Reporting 52

FineReport

DECEMBER 9, 2021

Look at your data source and divide all content into three categories: Tracked indicators: data that you will follow regularly but will not be used as performance measures. Untracked metrics: data you will not track. However, these data should be available for future analysis. Choose a qualified BI tool.

Strategy 98

Strategy Business Intelligence KPI Key Performance Indicator 98

datapine

NOVEMBER 27, 2019

The consequences of bad data quality are numerous; from the accuracy of understanding your customers to constructing the right business decisions. That’s why it is of utmost importance to start with utilizing the right key performance indicators – there are numerous KPI examples that can make or break the quality process of data management.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361