Smart Data Collective

MARCH 25, 2021

Business reporting has been around for a long time but the tools and techniques of business intelligence have refined over time and now with the recent popularity of data driven business approach, data has been identified as the most valuable asset of a business and data analytics and reporting has finally found a key place in the business world.

Data-driven 124

Data-driven Analytics Business Intelligence Dashboards 124

Smart Data Collective

OCTOBER 31, 2021

When creating a business plan, you should think about the challenges you cannot accomplish without a good strategy and what strategy would work best to address them. You will find that analytics will make these processes much easier. Analytics technology can help in a number of ways.

Analytics 109

Analytics Data mining Analytics Technologies Sales 109

Smart Data Collective

DECEMBER 10, 2020

The following are three ways AI can help small businesses succeed. AI Helps Small Businesses Stay Ahead of the Competition. Small businesses are using AI at an increasing rate to become better engaged with their customers. This increases sales and profit margins. AI Can Be Used to Train a Sales Team.

Sales 95

Sales Interactive Advertising Visualization 95

FineReport

APRIL 9, 2024

Additionally, BI tools enable organizations to adopt a data-driven approach to strategy formulation, leading to more informed decision-making at all levels. The convergence of these business analytics advancements underscores the transformative potential of modern BI tools in empowering organizations with actionable insights.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

datapine

MARCH 11, 2020

That way businesses remain responsive and adaptable in an ever-changing digital environment. To serve up quality real time data, real time business analytics platforms leverage smart data storage solutions that empower users to gain access to up-to-the-minute insights in one centralized location and act accordingly.

Business Intelligence 165

Business Intelligence Analytics Dashboards Visualization 165

DataKitchen

APRIL 11, 2023

He drew from his twenty-five years of experience in business analytics, pharmaceutical brand launch strategy, and project management. James emphasized the importance of delivering value quickly, even if the solution is only 70% complete, rather than aiming for 100% completeness at the cost of significant delays.

Data Analytics 130

Data Analytics Analytics Cost-Benefit Data Quality 130

Smart Data Collective

MAY 8, 2022

Business analytics. According to a study, 97% of businesses invest in big data and AI. By doing this, businesses can form their finance & marketing strategies with the new information they have gathered. This is where business analytic specialists come in. Innovations.

Big Data 106

Big Data Data Analytics Analytics Cost-Benefit 106

Cloudera

DECEMBER 17, 2020

The benefits of moving to a customer-centric merchandising strategy. In this blog, which is the second in the series of four, I’d like to examine the benefits of moving away from a product-centric merchandising strategy to a customer-centric merchandising strategy requiring a deeper understanding of customer tastes and preferences.

Sales 59

Sales Cost-Benefit Data-driven Optimization 59

IBM Big Data Hub

SEPTEMBER 19, 2023

How effectively and efficiently an organization can conduct data analytics is determined by its data strategy and data architecture , which allows an organization, its users and its applications to access different types of data regardless of where that data resides.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

IBM Big Data Hub

AUGUST 28, 2023

Data analytics in the publishing industry With such a widespread global operation, Macmillan Publishers has a long history of investing in technology that can source deep analytical information about sales, inventory and transportation of their titles in the market.

Publishing 50

Publishing Analytics Business Intelligence Operational Reporting 50

IBM Big Data Hub

DECEMBER 16, 2022

Their role has expanded from providing business intelligence to management, to ensuring high-quality data is accessible and useful across the enterprise. In other words, they must ensure that data strategy aligns to business strategy.

Enterprise 52

Enterprise Data Architecture Data-driven ROI 52

datapine

APRIL 14, 2022

And while a mere 22% of marketers state that they have a data-driven marketing strategy that is achieving significant results – by leveraging the right insights in the right way, success is inevitable. Doritos and Mountain Dew have both used this strategy with varying levels of success. 4) Consumers Are Deciding The Overall Menu.

Big Data 244

Big Data Recreation/Entertainment Analytics Data-driven 244

BizAcuity

FEBRUARY 22, 2019

Financial Analytics – An Outlook. In today’s world of competitive businesses, analytics is an essential part of staying competitive especially in this digital era where data is omnipresent. About 83% of companies that take part in an event take part in an event because they want to increase their sales.

Analytics 75

Analytics Cost-Benefit Finance Sales 75

Cloudera

JANUARY 14, 2021

They are armed with more knowledge than ever before, as a result, four strategic pillars have emerged that have resulted as leading retailers and brands have deployed a data-centric strategy enabling a customer-first approach.

Cost-Benefit 72

Cost-Benefit Digital Transformation Sales IoT 72

datapine

FEBRUARY 9, 2024

The process helps businesses and decision-makers measure the success of their strategies toward achieving company goals. This, in turn, will cause problems like wasted focus, wayward strategies, and loss of revenue. Fortunately, there are universal guidelines that can help steer businesses in the right direction.

KPI 221

KPI Management Key Performance Indicator Measurement 221

Smart Data Collective

NOVEMBER 25, 2019

More and more often, businesses are using data to drive their decisions — which makes cutting-edge analytics and business intelligence strategies one of the best advantages a company can have. Here are the six trends you should be aware of that will reshape business intelligence in 2020 and throughout the new decade.

Business Intelligence 102

Business Intelligence Predictive Analytics Data Collection Internet of Things 102

Smart Data Collective

MAY 4, 2021

It’s important to get your customer base right – after all, targeting the wrong audience could mean that although you have an amazing product or service to offer, it simply won’t get the interest and sales that it deserves because you are advertising to the wrong people.

Advertising 136

Advertising Marketing Data Collection Data Analytics 136

FineReport

MAY 18, 2024

Applications in Various Fields In Business , data visualization is used for sales analysis , market forecasting, and performance KPI tracking. In marketing analytics, bar charts are employed to illustrate sales performance across various product categories, providing a clear visual representation of market trends.

Visualization 52

Visualization Interactive Cost-Benefit Dashboards 52

Smarten

JUNE 29, 2018

Business Problem: An ecommerce company wants to measure the impact of product price, product promotions, and holiday seasonality on product sales. The dependent variable is product sales data. For the predictors with the most impact, the team can make important strategic decisions to meet product sales targets.

Business Analysis 40

Business Analysis IT Sales Statistics 40

CIO Business Intelligence

MARCH 22, 2022

He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. He brings expertise in developing IT strategy, digital transformation, AI engineering, process optimization and operations.

Internet Publishing and Broadcasting 98

Internet Publishing and Broadcasting Digital Transformation Insurance Recreation/Entertainment 98

Smarten

JUNE 25, 2018

Business Problem: Discount Analysis and Customer Retention will help the organization to target discounts to specific customers and the business will need to visualize ‘segments of sales group based on discount behavior’ and ‘customer churn to identify segments of customers on the verge of leaving’. About Smarten. About Smarten.

Enterprise 40

Enterprise IT Business Intelligence Predictive Modeling 40

datapine

JANUARY 6, 2022

For example, if you want to predict your sales for next month you can use regression analysis to understand what factors will affect them such as products on sale, the launch of a new campaign, among many others. This helps businesses to develop responsive, practical business strategies.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Sisense

MARCH 12, 2020

Every industry is becoming increasingly data-driven, but relationships still play an important role in making your analytic app play a success. Remember, successful analytics programs require iteration. Your program won’t succeed because of one good idea, but from constantly trying new things.

Enterprise 83

Enterprise Data-driven Digital Transformation Contextual Data 83

Sisense

JULY 6, 2020

Sisense recently surveyed 500 companies to understand how they leverage data and analytics usage and the impact on future plans; the results reinforce how critical analytics are to businesses during times of crisis. Analytics are essential in a crisis. This can be disorienting but also empowering.

Data-driven 81

Data-driven Uncertainty Reporting Analytics 81

Smarten

JUNE 29, 2018

Business Problem: A Grocery store sales manager wants to know whether customer segment A spends more on groceries than customer segment B. Based on this value, the grocery store manager can decide on its marketing strategies for better sales and increased revenue. Use Case – 2. About Smarten.

Testing 40

Testing Statistics IT Business Intelligence 40

Jet Global

MAY 1, 2020

What do we actually mean by sales? This could actually be the biggest threat of all, because failing to devise and then document the BI strategy will become a problem for you. This could actually be the biggest threat of all, because failing to devise and then document the BI strategy will become a problem for you.

Data Warehouse 64

Data Warehouse Data Quality Risk Reporting 64

Smarten

JUNE 29, 2018

Business Benefit: By analyzing the various combinations of predictor variables, the business can forecast product growth, trends, patterns and seasonality, if any. ARIMAX provides forecasted values of the target variables for user-specified time periods to clearly illustrate results for planning, production, sales and other factors.

Forecasting 40

Forecasting Enterprise IT Business Intelligence 40

datapine

MARCH 25, 2022

We already saw earlier this year the benefits of Business Intelligence and Business Analytics. In an article tackling BI and Business Analytics, Better Buys asked seven different BI pros what their thoughts were on the difference between business intelligence and analytics. Confused yet?

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

CIO Business Intelligence

JANUARY 20, 2023

Business intelligence definition Business intelligence (BI) is a set of strategies and technologies enterprises use to analyze business information and transform it into actionable insights that inform strategic and tactical business decisions.

Business Intelligence 138

Business Intelligence Dashboards Data mining OLAP 138

Sisense

OCTOBER 21, 2020

This is where data teams need to talk to the business organizations they serve (sales, marketing, research and development, etc.). Think about your analytics database as a product. Turn it all into a story to guide your strategy. Think like a designer. Understand your users’ goals and objectives.

Modeling 71

Modeling Data-driven Dashboards Interactive 71

datapine

SEPTEMBER 11, 2019

Digital data, by its very nature, paints a clear, concise, and panoramic picture of a number of vital areas of business performance, offering a window of insight that often leads to creating an enhanced business intelligence strategy and, ultimately, an ongoing commercial success. 2) Uncovering Fresh Business Insights.

Business Intelligence 161

Business Intelligence Analytics Sales Dashboards 161

datapine

MAY 27, 2020

In recent years, analytical reporting has evolved into one of the world’s most important business intelligence components, compelling companies to adapt their strategies based on powerful data-driven insights. What Is An Analytical Report? Sales: How to exceed targets next year? Primary KPIs: Sales Growth.

Reporting 245

Reporting Analytics Dashboards Sales 245

Sisense

FEBRUARY 1, 2021

PLM is therefore envisioned as a business intelligence strategy with the ultimate objective of maximizing profitability. Generating vast data stores along the way, the PLM framework is now a primary beneficiary of ML-based data analytics. Vandita Manyam is product manager for Cloud Data Team at Sisense.

Management 52

Management Analytics Manufacturing Cost-Benefit 52

Cloudera

DECEMBER 21, 2020

A recent study showed that retailers realized ten years of digital sales penetration in the first three months of 2020 as they have in the last ten years. The post How ASEAN Retailers Can Become insight driven with a Hybrid Cloud data strategy appeared first on Cloudera Blog.

Data-driven 93

Data-driven Data Strategy Strategy Cost-Benefit 93

Occam's Razor

MARCH 10, 2015

Regardless of if they are using Adobe Analytics or Google Analytics. The other big reason for Universal Analytics is this, the column in the middle: The data is from the Q4 2014 Quarterly Retail E-Commerce Sales from the US Census Bureau. Offline point of sale systems. profitabilityrocks ].

Strategy 151

Strategy Analytics Measurement Business Analysis 151

datapine

JULY 24, 2019

BI dashboards organize data cohesively while alleviating any potential clutter that can arise when working with complex sets of information while applying advanced intelligence tools to your various business strategies. Advanced business analytics tools come in all shapes and sizes.

Dashboards 148

Dashboards Business Intelligence Visualization KPI 148

datapine

MAY 16, 2019

Why Are Restaurant Analytics Important? Business analytics for restaurants is integral to understanding the inner workings of your business but and being aware of how you can improve it to foster a sustainable level of success that will set you apart from the competition. Panoramic vision. Operational efficiency.

Analytics 163

Analytics Predictive Analytics Advertising Dashboards 163