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 101

Business Intelligence Predictive Analytics Data Collection Internet of Things 101

datapine

MAY 2, 2023

You can use big data analytics in logistics, for instance, to optimize routing, improve factory processes, and create razor-sharp efficiency across the entire supply chain. The big data market is expected to exceed $68 billion in value by 2025 , a testament to its growing value and necessity across industries. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

Smarten

JUNE 8, 2023

Today’s business intelligence solutions provide mobile support for business users in an easy-to-use, self-serve environment, so every team member can participate in data analytics and use that data to perform their role and to make confident decisions. Improved Time-to-Market No business can afford to fall behind!

Optimization 67

Optimization Enterprise Business Intelligence Predictive Modeling 67

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. It’s an issue that’s coming to the fore with the steady migration to the cloud.

Optimization 111

Optimization Cost-Benefit Consulting Strategy 111

CIO Business Intelligence

NOVEMBER 18, 2022

To optimize cloud investments, C-level executives are increasingly adopting cloud financial operations (FinOps). This framework positions organizations to manage their cloud investments more effectively, driving increased accountability to maximize business value. This strategy aligns well with the concept of a smart cloud.

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

Jet Global

JUNE 5, 2019

Data drives everything in the business world, from manufacturing to supply chain logistics to retail sales to customer experience to post-sale marketing and beyond, data holds the secrets to making processes more efficient, production costs cheaper, profit margins higher and marketing campaigns more effective. READ BLOG POST.

Data mining 75

Data mining Business Intelligence OLAP Key Performance Indicator 75

Octopai

AUGUST 8, 2023

Battle Creek, Michigan — July 18, 2023 — Octopai, a global leader in data lineage and business intelligence automation, and Demand Chain AI, a pioneer in AI-driven demand forecasting and supply chain optimization, have today announced a strategic partnership.

Digital Transformation 52

Digital Transformation Metadata Forecasting Data-driven 52

CIO Business Intelligence

JULY 5, 2022

What are the benefits of business analytics? Business analytics also involves data mining, statistical analysis, predictive modeling, and the like, but is focused on driving better business decisions. What is the difference between business analytics and business intelligence? This is the purview of BI.

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

CIO Business Intelligence

OCTOBER 16, 2023

The past six months have seen a particular form of AI gain popularity among business leaders: Generative AI (GenAI). According to Forrester , GenAI will have an average annual growth rate of 36% up to 2030, capturing 55% of the AI software market. To learn how Rocket Software can help you modernize without disruption, click here.

Forecasting 137

Forecasting Machine Learning Software Data-driven 137

CIO Business Intelligence

FEBRUARY 10, 2023

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. Predictive analytics has captured the support of wide range of organizations, with a global market size of $12.49

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

IBM Big Data Hub

JUNE 29, 2023

Similarly, in the business world, when decision-making happens in silos and planning processes are disconnected, it’s like having a group of individuals playing their own instruments without any coordination. Strategic planning Integrated Business Planning starts with strategic planning.

Key Performance Indicator 83

Key Performance Indicator Forecasting Data Integration Sales 83

Sisense

FEBRUARY 18, 2021

Data scientists have developed multiple predictive analytics models, each tailored to different functions: Forecast models use multiple input types to estimate future outcomes: how long an engine component will last, how many in-store customers to expect on a given day, how much of an item you should keep in inventory, etc.

Predictive Analytics 66

Predictive Analytics Business Intelligence Analytics Manufacturing 66

CIO Business Intelligence

MARCH 12, 2024

The new generative AI features include Copilot, the generative AI-based assistant, and Copilot Designer, a centralized workplace where enterprise users can tweak pre-built Copilot scenarios to suit their business requirements, akin to Salesforce’s Einstein 1 Studio.

IT 98

IT Sales Forecasting Marketing 98

Smarten

JUNE 14, 2023

To the technology industry, AI and new market entries like ChatGPT provide a crucial foundation for new products and services. GPT-4 has a capacity of more than 175 billion machine learning parameters, and can support many types of tasks, e.g., answering questions, providing machine translation, summarizing text, time series forecasting, etc.

Optimization 52

Optimization IT Digital Transformation Consulting 52

CIO Business Intelligence

JANUARY 15, 2024

Beyond boosting revenue, respondents gave plenty of other reasons to adopt AI in retail, including creating operational efficiencies (53% of respondents), improving the consumer experience (42%), improving decision making (37%), or yielding more accurate demand forecasting (21%).

Sales 105

Sales Software Forecasting Statistics 105

datapine

APRIL 12, 2023

Incremental sales is a KPI used by marketers to assess the financial value of various promotional activities. It calculates a business’s revenue from its marketing campaigns above what they normally sell and helps build successful strategies to ensure continuous growth. What Are Incremental Sales?

Sales 176

Sales KPI Metrics Cost-Benefit 176

CIO Business Intelligence

DECEMBER 14, 2023

The timing for these advancements is optimal as the industry grapples with skilled labor shortages, supply chain challenges, and a highly competitive global marketplace. Process optimization In manufacturing, process optimization that maximizes quality, efficiency, and cost-savings is an ever-present goal.

Manufacturing 143

Manufacturing Cost-Benefit Unstructured Data Optimization 143

CIO Business Intelligence

NOVEMBER 14, 2022

Digital marketing and services firm Clearlink uses a DSS system to help its managers pinpoint which agents need extra help. Decision support systems vs. business intelligence DSS and business intelligence (BI) are often conflated. Optimization analysis models. Forecasting models. ERP dashboards.

Data mining 144

Data mining Data-driven Statistics OLAP 144

CIO Business Intelligence

APRIL 4, 2024

Like other CIOs, Katrina Redmond has been inundated with opportunities to deploy AI that promise to speed business and operations processes, and optimize workflows. To be successful, an AI proof of concept (PoC) project also needs to make good business sense, says CIO Vikram Nafde, CIO at Connecticut-based Webster Bank.

Enterprise 134

Enterprise Cost-Benefit Forecasting Strategy 134

Smarten

JANUARY 31, 2019

Many organizations have grown comfortable with their business intelligence solution, and find it difficult to justify the need for advanced analytics. How is Advanced Analytics Different from Business Intelligence? Advanced Analytics is the logical tool to help a business optimize its investments and achieve its goals.

Business Intelligence 40

Business Intelligence Analytics Predictive Modeling Forecasting 40

FineReport

DECEMBER 9, 2021

Business intelligence strategy is seen as a roadmap designed to help companies measure their performance and strengthen their performance through architecture and solutions. A competent business intelligence strategy should bring companies incomparable competitive advantages. Build a business intelligence roadmap.

Strategy 98

Strategy Business Intelligence KPI Key Performance Indicator 98

CIO Business Intelligence

FEBRUARY 13, 2023

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). Low code/no code solutions give business teams the ability to deliver changes quickly,” he says. IDC is forecasting a 5.1%

IT 145

IT Insurance Machine Learning Marketing 145

Smarten

DECEMBER 8, 2023

In this article, we will NOT discuss the benefits of analytics and business intelligence. If your business does not already understand the advantages analytics provides to the organization and to its users, there are plenty of other articles you might want to read to get up to speed. What’s the Benefit of Mobile BI?

Digital Transformation 70

Digital Transformation ROI Forecasting Optimization 70

CIO Business Intelligence

MARCH 22, 2022

Two groups of researchers are already using Nvidia’s Modulus AI framework for developing physics machine learning models and its Omniverse 3D virtual world simulation platform to forecast the weather with greater confidence and speed, and to optimize the design of wind farms.

Modeling 144

Modeling Machine Learning Forecasting Optimization 144

CIO Business Intelligence

DECEMBER 11, 2023

For example, by tapping into real-time data with AI-enabled analytics, CFOs will be able to develop multiple scenarios for capital allocation, offering more forward-looking projections and more accurate forecasts.

Finance 105

Finance Forecasting IoT Predictive Modeling 105

CIO Business Intelligence

FEBRUARY 8, 2024

Cognizant Technology Solutions announced a full-year revenue forecast below expectations. These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector. If there is a need, they will continue to add capacity or else scale down and optimize the cost.”

IT 98

IT Uncertainty Consulting Forecasting 98

CIO Business Intelligence

NOVEMBER 20, 2023

Sales optimization In sales, AI can provide account reps with the information they need to close deals. Dynamic pricing Airlines, ride-sharing services, and online retailers have long used dynamic pricing to adjust to changing market conditions. AI can help every step of the way.

Sales 131

Sales Cost-Benefit Manufacturing Forecasting 131

FineReport

MARCH 24, 2024

Data analysts leverage four key types of analytics in their work: Prescriptive analytics: Advising on optimal actions in specific scenarios. Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making. SQL manages and retrieves data from databases, handling larger datasets.

Statistics 52

Statistics Data mining Visualization Reporting 52

CIO Business Intelligence

JUNE 2, 2022

Among the hot technologies, artificial intelligence and machine learning — a subset of AI that that makes more accurate forecasts and analysis as it ingests data — continue to be of high interest as banks keep a strong focus on costs while trying to boost customer experience and revenue. in 2022 to $623 billion globally.

Predictive Analytics 145

Predictive Analytics Technology Analytics Machine Learning 145

CIO Business Intelligence

NOVEMBER 22, 2022

Digital transformation initiatives have picked up in the retail sector in recent years as store chains compete for brand awareness and sales in a rapidly evolving market. More efficient order processing and delivery helped the company reach more households and grow its market share in Mexico to 24% by the end of 2021.

Digital Transformation 145

Digital Transformation Sales Machine Learning Optimization 145

datapine

AUGUST 14, 2019

There are a number of tools available on the market, and knowing which one to choose to increase performance can be time-consuming, and often confusing. There are many differences between business intelligence and data science, but with the recent development of BI tools, both became closely interconnected and dependent on each other.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

CIO Business Intelligence

JULY 18, 2023

Nvidia’s transformation from an accelerator of video games to an enabler of artificial intelligence (AI) and the industrial metaverse didn’t happen overnight—but the leap in its stock market value to over a trillion dollars did. The resulting imagery can be used for marketing or collaborating on new designs and manufacturing processes.

Manufacturing 98

Manufacturing Forecasting Software Marketing 98

CIO Business Intelligence

OCTOBER 28, 2022

So, we’ve carried that forecast through to the fourth quarter,” CFO Brian Olsavsky said, according to a Motley Fool transcript. So, we’re fighting through some of that as well, which is a new thing for the AWS business. share of the market against 40.8% Microsoft increased its market share by 1.4% share of the market.

Uncertainty 98

Uncertainty Marketing Forecasting Reporting 98

Cloudera

OCTOBER 30, 2023

Agility, innovation, and time-to-value are the key differentiators cloud service providers (CSP) claim to help organizations speed up digital transformation projects and business objectives. A team’s productivity can be optimized through accurate features of benchmarking.

Analytics 74

Analytics Cost-Benefit ROI Business Objectives 74

CIO Business Intelligence

OCTOBER 23, 2023

In today’s uncertain economic landscape, it is no surprise that organizations are driven to optimize business costs. While it’s important to be prepared for any potential challenges that may arise, it is equally important to avoid overprovisioning to optimize your business resources and achieve your sustainability goals.

Cost-Benefit 105

Cost-Benefit Uncertainty Digital Transformation Technology 105

CIO Business Intelligence

DECEMBER 15, 2022

ASUG members also cite skills shortages as the biggest barrier to innovation, especially in a multi-cloud environment, with one-fifth seeking to optimize their cloud innovations by upskilling existing staff with help from free learning platforms and business partners.

Forecasting 97

Forecasting Software Data Processing Optimization 97

CIO Business Intelligence

APRIL 26, 2023

Optimization by reinventingthe management of resources, including people, products, raw materials, and capital. Data-driven decision-making by enabling effective business processes and real-time information flows across business networks, supply chains, and value chains.

Digital Transformation 98

Digital Transformation Forecasting Data-driven Optimization 98