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Use a Data Strategy to Make Your Startup Profitable

Smart Data Collective

In the information, there are companies with big data strategies and those that fall behind. Big data and business intelligence are essential. However, the success of a big data strategy relies on its implementation. VentureBeat reports that only 13% of companies are delivering on their big data strategies.

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Pulse Surveys Must be Part of Every Company’s Data Strategy

Smart Data Collective

More companies than ever are investing in big data. However, many feel that their data strategies are not proving to be effective. According to a report by VentureBeat, only 13% of companies feel that their data strategies are providing the results they are looking for.

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Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

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. Which pricing strategies lead to the best business revenue? ” “Just 26.5%

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How Data Cleansing Can Make or Break Your Business Analytics

Smart Data Collective

A growing number of companies are developing sophisticated business intelligence models, which wouldn’t be possible without intricate data storage infrastructures. The Global BPO Business Analytics Market was worth nearly $17 billion last year. One of the biggest issues pertains to data quality.

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

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The Data Space-Time Continuum for Analytics Innovation and Business Growth

Rocket-Powered Data Science

We discussed in another article the key role of enterprise data infrastructure in enabling a culture of data democratization, data analytics at the speed of business questions, analytics innovation, and business value creation from those innovative data analytics solutions.

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How Data Analytics Tools Eliminate Business Owner Headaches

Smart Data Collective

However, many small businesses don’t know how to utilize it. One study found that 77% of small businesses don’t even have a big data strategy. If your company lacks a big data strategy, then you need to start developing one today. Using Big Data to Fix Your Biggest Problems as a Business Owner.