Smart Data Collective

JANUARY 27, 2022

Big data technology has become a very important aspect of our lives. More businesses than ever are transitioning to data-driven business models. Research has shown that companies with big data strategies are 19 times more likely to become profitable. 1 Equip Your Employees with the Right Data Analytics Tools.

Optimization 106

Optimization IT Big Data Cost-Benefit 106

IBM Big Data Hub

MARCH 29, 2024

An effective customer retention strategy should support the company to maintain a healthy stable of loyal customers and bring in new customers. Steps to create an effective customer retention strategy Effective customer retention strategies begin the moment a first-time customer makes a purchase.

Strategy 58

Strategy Cost-Benefit Key Performance Indicator Marketing 58

bridgei2i

MAY 20, 2021

5 Tips For Choosing The Right Digital Analytics Consulting Company. It involves a detailed and comprehensive understanding of the data gathered from various sources. A digital analytics consultant provides services to leverage the inherent power of data for decision making, future-proofing, and delivering better customer satisfaction.

Consulting 52

Consulting Analytics Data-driven Dashboards 52

IBM Big Data Hub

JANUARY 8, 2024

3 reasons why digital transformation is tied to business strategy A digital transformation journey involves the introduction of new technologies—and business processes related to those technologies—to optimize customer experience and improve relationships with other stakeholders. ” Why?

Digital Transformation 60

Digital Transformation Strategy Key Performance Indicator Cost-Benefit 60

Smart Data Collective

FEBRUARY 21, 2021

Data analytics is very important to the future of marketing. A growing number of marketers are using data analytics technology to optimize their lead generation models. One of the most important benefits of using data analytics is that it can improve AI algorithms. Combining Data Analytics with Your Lead Generation Model.

Strategy 99

Strategy Data Analytics Analytics Data-driven 99

IBM Big Data Hub

AUGUST 7, 2023

Failure to share data and results from randomized clinical trials means a missed opportunity to contribute to systematic reviews and meta-analyses as well as a lack of lesson-sharing with the biopharma community. AI can also empower trial managers and executives with the data to make strategic decisions.

Optimization 55

Optimization Forecasting Data-driven Strategy 55

Alation

OCTOBER 5, 2021

What is data governance and how do you measure success? Data governance is a system for answering core questions about data. It begins with establishing key parameters: What is data, who can use it, how can they use it, and why? Answers will differ widely depending upon a business’ industry and strategy for growth.

Data Governance 96

Data Governance Strategy Data Quality Metrics 96

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. The complex and ever-evolving nature of logistics makes it an essential use case for big data applications. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

AWS Big Data

APRIL 25, 2024

In the era of data, organizations are increasingly using data lakes to store and analyze vast amounts of structured and unstructured data. Data lakes provide a centralized repository for data from various sources, enabling organizations to unlock valuable insights and drive data-driven decision-making.

Optimization 65

Optimization Data Lake Cost-Benefit Reporting 65

CIO Business Intelligence

DECEMBER 29, 2023

The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In Here, we detail those and others that comprise eight of the top priorities for CIOs in 2024.

Cost-Benefit 132

Cost-Benefit Digital Transformation Consulting Strategy 132

CDW Research Hub

APRIL 28, 2020

As businesses strive to become modern data-driven organizations, many are drawn to the value that a data platform in the cloud can provide. Cloud data platforms provide the speed, performance and scalability that is required to handle an exponential growth in volume of data.

Data-driven 52

Data-driven Analytics Consulting ROI 52

DataKitchen

APRIL 13, 2021

This is not surprising given that DataOps enables enterprise data teams to generate significant business value from their data. Companies that implement DataOps find that they are able to reduce cycle times from weeks (or months) to days, virtually eliminate data errors, increase collaboration, and dramatically improve productivity.

Testing 300

Testing Machine Learning Consulting Data Quality 300

FineReport

JULY 26, 2021

When implemented effectively, a successful BI strategy will reach every corner of the organization, having a positive impact and enabling people to make the right decisions quickly. What is business intelligence strategy? At the same time, enterprises can use the BI strategy to gradually reach various business objectives.

Business Intelligence 52

Business Intelligence Strategy Cost-Benefit Data-driven 52

FineReport

JULY 26, 2021

When implemented effectively, a successful BI strategy will reach every corner of the organization, having a positive impact and enabling people to make the right decisions quickly. What is business intelligence strategy? At the same time, enterprises can use the BI strategy to gradually reach various business objectives.

Business Intelligence 52

Business Intelligence Strategy Cost-Benefit Data-driven 52

CIO Business Intelligence

APRIL 29, 2024

By leveraging data-driven methods, businesses can optimize and reclaim operating capital from their extensive technology budgets, reducing expenses without resorting to drastic measures. However, it’s important to remember that headcount and budget cuts are not the only strategies to streamline costs.

Technology 64

Technology Cost-Benefit Data-driven Finance 64

Smart Data Collective

OCTOBER 15, 2021

Big data technology has been a highly valuable asset for many companies around the world. Countless companies are utilizing big data to improve many aspects of their business. Some of the best applications of data analytics and AI technology has been in the field of marketing. Data-Driven Marketing is More Important than Ever.

Big Data 140

Big Data Marketing Advertising Data-driven 140

CIO Business Intelligence

JUNE 22, 2023

And as the demand for tech talent grows in industries beyond tech, salaries are on the rise in fields such as consulting, finance, hospitality, and more. Consulting firms are increasingly turning to tech talent to help build in-house platforms, according to the report from Dice. Average salary: US$124,071 Increase since 2021: 0% 5.

IT 116

IT Insurance Recreation/Entertainment Consulting 116

CIO Business Intelligence

OCTOBER 23, 2023

As a result, most IT functions have seen budget increases, support for more staff, and higher involvement in shaping enterprise strategy , according to multiple reports. According to its 2023 research paper Total Enterprise Reinvention , “only 8% of companies are moving to adopt a strategy of Total Enterprise Reinvention.”

IT 131

IT Consulting Scorecard Key Performance Indicator 131

Smart Data Collective

MAY 2, 2019

Large companies around the world are investing in big data. Big data has been especially important for optimizing their marketing campaigns. Local marketing agencies have discovered that SEO is more dependent on big data than ever. They are developing more data driven solutions to offer better search marketing strategies.

Big Data 111

Big Data Optimization Modeling Deep Learning 111

CIO Business Intelligence

SEPTEMBER 19, 2023

Organizations all around the globe are implementing AI in a variety of ways to streamline processes, optimize costs, prevent human error, assist customers, manage IT systems, and alleviate repetitive tasks, among other uses. For other companies, AI use in customer service has also been driven by consumer’s increased expectations.

Enterprise 140

Enterprise Cost-Benefit Optimization Deep Learning 140

IBM Big Data Hub

JANUARY 22, 2024

Data centers are undergoing significant evolution. Catalysts and conundrums A dramatic shift in development and operations is making data centers more agile and cost-effective. Catalysts and conundrums A dramatic shift in development and operations is making data centers more agile and cost-effective.

Data-driven 100

Data-driven Forecasting Consulting Marketing 100

IBM Big Data Hub

JANUARY 30, 2024

In the last post , we looked at creating a blueprint for a sustainable data center. Now we’ll look at how to get the most out of a modern data center. Get inspired A successful data center implementation can best be described as a distributed, dynamic, efficient and resilient IT nucleus.

Manufacturing 71

Manufacturing Business Objectives Optimization Risk Management 71

CIO Business Intelligence

JUNE 15, 2022

An overwhelming 94% of organizations worldwide are embracing a next-generation ERP strategy that involves migrating to cloud platforms and adopting high-end analytics such as artificial intelligence to overcome the limitations of legacy applications and modernize their businesses, according to a survey of 1,675 IT executives by Boomi. .

Key Performance Indicator 140

Key Performance Indicator Consulting KPI Sales 140

IBM Big Data Hub

MAY 24, 2023

Diageo, for example, recently reported it is experiencing remarkable growth, expanding by 36% compared to pre-pandemic levels, driven by the demand for premium alcohol and reflecting changing consumer preferences. This intriguing juxtaposition highlights the resilient nature of consumers and their desire to seek moments of joy and comfort.

Digital Transformation 79

Digital Transformation Consulting Data-driven Uncertainty 79

IBM Big Data Hub

FEBRUARY 8, 2022

So, we needed a good data system to track all these things.” Solving the data dilemma — fast and accurate capture, reporting and interpretation. Data capture and the subsequent reporting were not easy for Kai Ming. Tracking the scope of these attributes is yet another factor in data capture, reporting and analytics.

Data-driven 55

Data-driven Analytics Reporting Dashboards 55

CIO Business Intelligence

FEBRUARY 8, 2024

Tata Consultancy Services experienced its slowest profit growth since 2020 in the December quarter, and Infosys failed to meet its quarterly profit expectations. The industry data from Layoffs.fyi, a platform monitoring workforce reductions in the tech industry, reveals that 24,584 employees across 93 companies have been laid off in 2024.

IT 83

IT Uncertainty Consulting Forecasting 83

Smart Data Collective

AUGUST 30, 2022

Companies spent over $240 billion on big data analytics last year. There are many important applications of data analytics technology. Analytics Can Be Essential for Helping Companies with their Pricing Strategies. In today’s business world, pricing has become one of the most important parts of a company’s strategy.

B2B 132

B2B Analytics Cost-Benefit Metrics 132

CIO Business Intelligence

JUNE 27, 2022

“Too often, technology companies pay consulting or analyst firms to create metrics based on the best characteristics of their offerings,” says Judith Hurwitz, CEO of Hurwitz Strategies, an emerging technology consulting firm. When studying a metric, it’s important to know who created it and the data source.

Metrics 131

Metrics KPI IT Consulting 131

CIO Business Intelligence

FEBRUARY 5, 2024

To achieve optimal team performance, IT leaders should pay close attention during all project phases. Prioritize transparency Prioritizing transparent communication is necessary to maintain positive team morale, says Chip Kleinheksel, global SAP CTO at business consulting firm Deloitte.

IT 128

IT Data-driven Strategy Digital Transformation 128

IBM Big Data Hub

JULY 19, 2023

The exponential leap in generative AI is already transforming many industries: optimizing workflows , helping human teams focus on value added tasks and accelerating time to market. This digital data is coming at the industry in various formats, like unstructured text, images, PDFs and emails.

Consulting 60

Consulting Machine Learning Manufacturing Optimization 60

IBM Big Data Hub

MAY 16, 2023

While core creative and strategy campaigns are kept primarily in-house, marketing leaders are turning to MMS and tapping into their business and technology expertise to accelerate digital marketing operations, bridge talent shortages and fill technology skill gaps. Did that action turn into a lead? Did the customer make a purchase?

Marketing 69

Marketing Management Optimization Cost-Benefit 69

IBM Big Data Hub

MAY 17, 2024

Poorly run implementations of traditional or generative AI in commerce—such as models trained on inadequate or inappropriate data—lead to bad experiences that alienate consumers and businesses. This includes trust in the data, the security, the brand and the people behind the AI.

B2B 64

B2B Interactive Optimization Forecasting 64

Occam's Razor

JANUARY 7, 2014

Consulting. First… it is important to realize that big data's big imperative is driving big action. Second… well there is no second, it is all about the big action and getting a big impact on your bottom-line from your big investment in analytics processes, consulting, people and tools.

Data-driven 140

Data-driven Consulting Reporting Marketing 140

CIO Business Intelligence

NOVEMBER 2, 2023

After a successful run as a partner and offering leader at a global consulting firm, Ronanki served for five years as SVP and chief digital officer of Elevance Health, formerly known as Anthem, a Fortune 50 enterprise with annual revenues exceeding $150 billion.

Consulting 116

Consulting Digital Transformation Technology Strategy 116

Smart Data Collective

FEBRUARY 15, 2022

Data analytics has become a very important part of business management. Large corporations all over the world have discovered the wonders of using big data to develop a competitive edge in an increasingly competitive global market. American Express is an example of a company that has used big data to improve its business model.

Marketing 103

Marketing Data Analytics Analytics Big Data 103

CIO Business Intelligence

JANUARY 11, 2023

As technology projects, budgets, and staffing grew over the past few years, the focus was on speed to market to maximize opportunity, says Troy Gibson, CIO services leader at business and IT advisory firm Centric Consulting. To achieve this goal, “CIOs need to treat the assessment and analysis of data as a scientific discipline,” he advises.

Digital Transformation 145

Digital Transformation Cost-Benefit Consulting Enterprise 145

IBM Big Data Hub

NOVEMBER 24, 2023

Application modernization starts with assessment of current legacy applications, data and infrastructure and applying the right modernization strategy (rehost, re-platform, refactor or rebuild) to achieve the desired result. Duplicative capabilities across applications and channels give rise to duplicative IT resources (e.g.,

Cost-Benefit 89

Cost-Benefit Testing Data-driven Enterprise 89