Smart Data Collective

SEPTEMBER 2, 2023

To capitalize on all the benefits of a data rich business, we need good leaders who can lean into the benefits of a data surplus while minimizing the possible downsides. The Value of Data There’s no question that data is valuable, but only when it’s utilized properly. For example: Fixation on KPIs.

Key Performance Indicator 113

Key Performance Indicator Statistics Metrics Interactive 113

FineReport

MARCH 7, 2024

In the realm of big data utilization , we often romanticize its profound impact, envisioning scenarios like precision-targeted advertising, streamlined social security management, and the intelligent evolution of the pharmaceutical sector. Try FineReport Now 1. This will be elaborated on in the third part of this article.

Dashboards 52

Dashboards Reporting Advertising Statistics 52

Smart Data Collective

FEBRUARY 14, 2023

Data analytics technology has played a huge role in the future of small businesses. One study from March 2020 showed that 67% of small businesses spend over $10,000 a year on data analytics. Of course, this statistic predates the pandemic. The furniture industry is among those relying more heavily on data analytics.

Data Analytics 117

Data Analytics Analytics Advertising Sales 117

Rocket-Powered Data Science

JULY 7, 2019

Chatbots cannot hold long, continuing human interaction. Traditionally they are text-based but audio and pictures can also be used for interaction. They provide more like an FAQ (Frequently Asked Questions) type of an interaction. NLG is a software process that transforms structured data into human-language content.

Internet of Things 157

Internet of Things Machine Learning Manufacturing IoT 157

Sisense

MARCH 4, 2019

The world of data is now the world of Big Data. We produce more and more data every day and the datasets being generated are getting more and more complex. Further complicating matters, in order to facilitate true interactivity with large datasets, user queries need near-real-time response rates.

Big Data 68

Big Data Data Analytics Analytics IoT 68

datapine

MARCH 31, 2022

For example, if you enjoy computer science, programming, and data but are too extroverted to program all day long, you could work in a more human-oriented area of intelligence for business, perhaps involving more face-to-face interactions than most programmers would encounter on the job. BI engineer.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

datapine

JANUARY 6, 2022

Based on that amount of data alone, it is clear the calling card of any successful enterprise in today’s global world will be the ability to analyze complex data, produce actionable insights and adapt to new market needs… all at the speed of thought. Business dashboards are the digital age tools for big data.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

datapine

JANUARY 24, 2021

“Today, big data is about business disruption. If you want to survive, it’s time to act.” – Capgemini and EMC² in their study Big & Fast Data: The Rise of Insight-Driven Business. Once you have your data analytics questions, you need to have some standard KPIs that you can use to measure them.

IT 317

IT Statistics KPI Data-driven 317

datapine

SEPTEMBER 29, 2022

1) What Is Data Quality Management? 4) Data Quality Best Practices. 5) How Do You Measure Data Quality? 6) Data Quality Metrics Examples. 7) Data Quality Control: Use Case. 8) The Consequences Of Bad Data Quality. 9) 3 Sources Of Low-Quality Data. 10) Data Quality Solutions: Key Attributes.

Data Quality 241

Data Quality Metrics Data-driven Management 241

AWS Big Data

JUNE 6, 2023

For example, medical researchers found that across 79,000 emergency department encounters of pediatric patients in a hospital, incorrect or missing patient weight measurements led to medication dosing errors in 34% of cases. For our customers, setting up these data quality checks is manual, time consuming, and error prone.

Data Quality 95

Data Quality Statistics Data Lake Visualization 95

Domino Data Lab

OCTOBER 7, 2020

Danger of Big Data. Big data is the rage. This could be lots of rows (samples) and few columns (variables) like credit card transaction data, or lots of columns (variables) and few rows (samples) like genomic sequencing in life sciences research. Statistical methods for analyzing this two-dimensional data exist.

Statistics 145

Statistics Testing Predictive Modeling Modeling 145

O'Reilly on Data

JUNE 18, 2019

There has been a significant increase in our ability to build complex AI models for predictions, classifications, and various analytics tasks, and there’s an abundance of (fairly easy-to-use) tools that allow data scientists and analysts to provision complex models within days.

Machine Learning 259

Machine Learning Data Quality Statistics Modeling 259

Smart Data Collective

OCTOBER 7, 2023

In an age dominated by AI technology, the ways in which we interact with the world around us are continuously evolving. Safety Measures: In many modern airports, facial recognition systems are deployed to verify passenger identities, ensuring faster and more secure processing.

Technology 92

Technology Snapshot Data-driven Machine Learning 92

Smart Data Collective

OCTOBER 17, 2022

Email marketing is the most acceptable way to give precise customer data, but you must guarantee your efforts aren’t wasted. Using data analytics help your email marketing strategies succeed. Data Analytics’ Importance in Email Marketing. Like any other marketing strategy, you must measure email performance.

Marketing 119

Marketing Optimization Data Analytics Analytics 119

IBM Big Data Hub

JULY 10, 2023

Vibration analysis—a component of condition monitoring systems—utilizes vibration sensors to measure frequencies in an asset and detect abnormalities that may indicate a problem. Frequency measures the number of oscillations per unit of time, usually expressed in Hertz (Hz). Accelerometers (e.g., Accelerometers (e.g.,

Optimization 55

Optimization IT Measurement Cost-Benefit 55

AWS Big Data

JUNE 6, 2023

AWS Glue Data Quality allows you to measure and monitor the quality of data in your data repositories. It’s important for business users to be able to see quality scores and metrics to make confident business decisions and debug data quality issues. Avik Bhattacharjee is a Senior Partner Solutions Architect at AWS.

Data Quality 72

Data Quality Metrics Visualization Dashboards 72

datapine

NOVEMBER 5, 2019

In fact, according to eMarketer, 40% of executives surveyed in a study focused on data-driven marketing, expect to “significantly increase” revenue. Not to worry – we’ll not only explain the link between big data and business performance but also explore real-life performance dashboard examples and explain why you need one (or several).

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

Smart Data Collective

APRIL 13, 2019

Data analytics has helped SMEs optimize their business models in countless ways. One of the biggest ways that big data is helping them is by making it easier for them to monitor email communications. Data Analytics Paves the Way for More Effective Email Monitoring.

Data Analytics 66

Data Analytics Analytics Big Data Measurement 66

Smart Data Collective

NOVEMBER 25, 2021

One recent study from the University of Maryland found that there is a data breach every 39 seconds. The threat of data breaches has become a lot greater in recent years as more businesses and consumers become dependent on big data. The proliferation of big data has made digital privacy concerns much more significant.

Big Data 95

Big Data Risk Data-driven ROI 95

IBM Big Data Hub

AUGUST 9, 2023

Why phishing simulations are important Recent statistics show phishing threats continue to rise. Monitoring: After sending the mock malicious emails, leaders closely track and record how employees interact with the simulated emails, monitoring if they click on links, download attachments or provide sensitive information.

Testing 74

Testing Measurement Behavioral Analytics Reporting 74

Sisense

SEPTEMBER 3, 2020

We live in a constantly-evolving world of data. That means that jobs in data big data and data analytics abound. The wide variety of data titles can be dizzying and confusing! Programming and statistics are two fundamental technical skills for data analysts, as well as data wrangling and data visualization.

Statistics 97

Statistics Metrics Visualization Finance 97

AWS Big Data

MAY 16, 2023

In this series of posts, we walk you through how we use Amazon QuickSight , a serverless, fully managed, business intelligence (BI) service that enables data-driven decision making at scale. Distribution network events dashboard Smart sensors measure and provide the operational information of the distribution networks.

Dashboards 78

Dashboards Statistics Data Collection Business Intelligence 78

IBM Big Data Hub

APRIL 18, 2024

LLMs like ChatGPT are trained on massive amounts of text data, allowing them to recognize patterns and statistical relationships within language. Also, its emotional intelligence allows it to adapt communication to be empathetic and supportive, creating a more positive interaction for the customer.

Cost-Benefit 90

Cost-Benefit Modeling Manufacturing Interactive 90

The Unofficial Google Data Science Blog

JANUARY 14, 2016

Unlike experimentation in some other areas, LSOS experiments present a surprising challenge to statisticians — even though we operate in the realm of “big data”, the statistical uncertainty in our experiments can be substantial. We must therefore maintain statistical rigor in quantifying experimental uncertainty.

Experimentation 41

Experimentation Statistics Metrics Measurement 41

AWS Big Data

APRIL 3, 2024

By analyzing the historical report snapshot, you can identify areas for improvement, implement changes, and measure the effectiveness of those changes. In Apache Spark, a SparkSession is the entry point for interacting with DataFrames and Spark’s built-in functions. config("spark.jars.packages", pydeequ.deequ_maven_coord).config("spark.jars.excludes",

Data Quality 89

Data Quality Visualization Metadata Metrics 89

The Unofficial Google Data Science Blog

SEPTEMBER 23, 2015

by KAY BRODERSEN For the first time in the history of statistics, recent innovations in big data might allow us to estimate fine-grained causal effects, automatically and at scale. Today's reality, however, is a world of big data. If advertisers could measure which campaigns or creatives simply don't work?

Advertising 47

Advertising Statistics Big Data Modeling 47

Occam's Razor

APRIL 8, 2013

First, you figure out what you want to improve; then you create an experiment; then you run the experiment; then you measure the results and decide what to do. For each of them, write down the KPI you're measuring, and what that KPI should be for you to consider your efforts a success. Measure and decide what to do.

Metrics 156

Metrics KPI Analytics Key Performance Indicator 156

Business Over Broadway

SEPTEMBER 27, 2018

In this paper, I show you how marketers can improve their customer retention efforts by 1) integrating disparate data silos and 2) employing machine learning predictive analytics. Your marketing strategy is only as good as your ability to deliver measurable results. Most customer data, however, are housed in separate data silos.

Machine Learning 76

Machine Learning Data Integration Marketing Predictive Modeling 76

IBM Big Data Hub

AUGUST 7, 2023

AI algorithms have the potential to surpass traditional statistical approaches for analyzing comprehensive recruitment data and accurately forecasting enrollment rates. A mitigation plan facilitates trial continuity by providing contingency measures and alternative strategies.

Optimization 55

Optimization Forecasting Data-driven Strategy 55

datapine

MARCH 25, 2019

Once you’ve set your data sources, started to gather the raw data you consider to offer potential value, and established clearcut questions you want your insights to answer, you need to set a host of key performance indicators (KPIs) that will help you track, measure, and shape your progress in a number of key areas.

Key Performance Indicator 217

Key Performance Indicator Statistics Visualization Big Data 217

AWS Big Data

APRIL 28, 2023

Choose -GlueInteractiveSession-DPU-Hour (DPU-Hour) for interactive sessions. Each datapoint represents DPUHours per individual job run, so valid statistics for the CloudWatch metrics is SUM. To address this issue, in 2022 we released AWS Glue interactive sessions. Choose -ETL-Flex-DPU-Hour (DPU-Hour) for Flex jobs. Choose Apply.

Optimization 94

Optimization Metrics Interactive Data Integration 94

Smart Data Collective

OCTOBER 17, 2022

While growing data enables companies to set baselines, benchmarks, and targets to keep moving ahead, it poses a question as to what actually causes it and what it means to your organization’s engineering team efficiency. What’s causing the data explosion? Big data analytics from 2022 show a dramatic surge in information consumption.

Big Data 103

Big Data Data-driven Recreation/Entertainment Data Governance 103

datapine

MAY 27, 2020

An analytical report is a type of a business report that uses qualitative and quantitative company data to analyze as well as evaluate a business strategy or process while empowering employees to make data-driven decisions based on evidence and analytics.

Reporting 245

Reporting Analytics Dashboards Sales 245

datapine

DECEMBER 17, 2019

The purpose is not to track every statistic possible, as you risk being drowned in data and losing focus. Information technology reports are the interactive eyes you need to help your department run more smoothly, cohesively, and successfully. Now we’re going to look at the reasons why this is the case.

Reporting 173

Reporting IT Key Performance Indicator Dashboards 173

datapine

MAY 16, 2019

Exclusive Bonus Content: Ready to use data analytics in your restaurant? Get our free bite-sized summary for increasing your profits through data! A sobering statistic if ever we saw one. Data offers the power to gain an objective, accurate, and comprehensive view of your restaurant’s daily functions.

Analytics 163

Analytics Predictive Analytics Advertising Dashboards 163

Peter James Thomas

AUGUST 12, 2018

This piece was prompted by both Olaf’s question and a recent article by my friend Neil Raden on his Silicon Angle blog, Performance management: Can you really manage what you measure? Data may be perfectly valid, but still not represent reality. It is hard to account for such tweaking in measurement systems. million.

Metrics 49

Metrics Statistics Data Quality Measurement 49

Cloudera

NOVEMBER 2, 2020

Correlations across data domains, even if they are not traditionally stored together (e.g. real-time customer event data alongside CRM data; network sensor data alongside marketing campaign management data). The extreme scale of “big data”, but with the feel and semantics of “small data”.

Data Warehouse 99

Data Warehouse Optimization Dashboards Interactive 99