Smart Data Collective

AUGUST 17, 2021

If your workflows are optimized, then you can save staff time, reduce errors, and function more professionally as a whole. Data analytics technology can help bolster efficiency in all of these regards. Using Data Analytics to Improve Workflow Management. Optimizing workflows is all about being more productive.

Data-driven 119

Data-driven Optimization Enterprise Cost-Benefit 119

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

Smart Data Collective

AUGUST 10, 2021

Over 67% of companies spend over $10,000 a year on analytics solutions. Investments in analytics are being made across all major industries. ‘Although companies in healthcare, IT and finance are some of the biggest investors in analytics technology, plenty of other sectors are investing in analytics as well.

Data Analytics 135

Data Analytics Analytics Big Data Key Performance Indicator 135

CIO Business Intelligence

JUNE 3, 2024

Cloud computing and cloud software are some of the biggest IT trends of the decade, but they can wreak havoc on IT financial analysts trying to track assets, control and predict costs, or charge cloud service costs back to the departments that benefit from them. One firm’s story: $2.6M One firm’s story: $2.6M

Cost-Benefit 98

Cost-Benefit Finance ROI Reporting 98

CIO Business Intelligence

JUNE 3, 2024

While most business leaders know their cloud costs are rising, far fewer are aware of the one small detail that can make a 5X difference in the price they’ll pay to lower those costs. A 2024 research study of 500 IT departments and cost management programs reveals the answer, and it all comes down to your approach.

Management 103

Management Cost-Benefit Optimization ROI 103

Smart Data Collective

JULY 20, 2022

Data-driven decision-making has become a major element of modern business. A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Furthermore, only 13% of companies are actually delivering on their data strategy.

Data-driven 123

Data-driven Optimization Big Data Data Strategy 123

IBM Big Data Hub

APRIL 25, 2023

Now, let’s chat about why data warehouse optimization is a key value of a data lakehouse strategy. Read our blog on solving today’s challenges with a lakehouse architecture Value of data warehouse optimization Since its introduction over a century ago, the gasoline-powered engine has remained largely unchanged.

Optimization 56

Optimization Strategy Data Warehouse Cost-Benefit 56

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? So it’s Monday, and you lead a data analytics team of perhaps 30 people. Like most leaders of data analytic teams, you have been doing very little to quantify your team’s success. What should be in that report about your data team? Introduction.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

IBM Big Data Hub

JULY 10, 2023

Be sure to identify the location and type of sensors you will need for vibration measurements, including any amplitude and frequency ranges, as the sensors will serve as your data collectors throughout the process. Analyze the data Once you’ve collected all the relevant data, it’s time to analyze it.

Optimization 55

Optimization IT Measurement Cost-Benefit 55

Smart Data Collective

DECEMBER 22, 2021

More video messaging services are dependent on data analytics, as the analytics in video market is growing over 20% a year. This is important, because there are a lot of benefits of cloud computing based video streaming. Nvidia talked about some of the benefits that AI has created for video conferencing.

Optimization 112

Optimization Cost-Benefit Technology Strategy 112

CIO Business Intelligence

JUNE 3, 2024

Cloud doesn’t just open the door to enabling advanced technologies like AI, hyper-automation, and big data analytics – it unlocks a complex realm of costs and expense management problems that can threaten innovation and its financial sustainability. This is the first and most essential step for mastering today’s cloud economics.

Cost-Benefit 98

Cost-Benefit Optimization ROI Strategy 98

Smart Data Collective

APRIL 20, 2022

Any company that wants to implement a successful marketing strategy needs to invest in analytics technology. We have talked extensively about the importance of analytics in online marketing, but it can be just as important for traditional marketing strategies as well. Unfortunately, not all telemarketing services are created equally.

Strategy 101

Strategy Optimization Analytics B2B 101

Smart Data Collective

APRIL 21, 2022

We have pointed out in the past that big data offers a number of benefits for online commerce. One of the most important benefits of data analytics pertains to optimizing websites for a good user experience. User experience optimization (UX) is becoming more important than ever.

Data Analytics 116

Data Analytics Analytics Big Data Machine Learning 116

Smart Data Collective

DECEMBER 15, 2021

But driving sales through the maximization of profit and minimization of cost is impossible without data analytics. Data analytics is the process of drawing inferences from datasets to understand the information they contain. Focused and targeted campaigns boost sales by engaging optimally with the audience.

ROI 116

ROI Marketing Data Analytics Analytics 116

CIO Business Intelligence

MAY 29, 2024

RISE with SAP combines SAP S/4HANA, the intelligent cloud ERP solution, with SAP Business Technology Platform (BTP), the integrated platform for data, analytics, integration, and extension, as well as other services, such as cloud infrastructure, application management, and business process intelligence.

Cost-Benefit 126

Cost-Benefit Finance Strategy Risk 126

Timo Elliott

MAY 27, 2022

I was at the Gartner Data & Analytics conference in London a couple of weeks ago and I’d like to share some thoughts on what I think was interesting, and what I think I learned…. First, data is by default, and by definition, a liability , because it costs money and has risks associated with it.

Data Analytics 124

Data Analytics Analytics Recreation/Entertainment Data Lake 124

datapine

JANUARY 24, 2021

In our cutthroat digital age, the importance of setting the right data analysis questions can define the overall success of a business. That being said, it seems like we’re in the midst of a data analysis crisis. That being said, it seems like we’re in the midst of a data analysis crisis.

IT 317

IT Statistics KPI Data-driven 317

datapine

OCTOBER 11, 2023

With the help of the right logistics analytics tools, warehouse managers can track powerful metrics and KPIs and extract trends and patterns to ensure everything is running at its maximum potential. Now, let’s look at some benefits to keep putting the power of warehouse key performance indicators into perspective.

Metrics 217

Metrics KPI Management Cost-Benefit 217

IBM Big Data Hub

JULY 25, 2023

A smart grid is a digital electricity network that supplies power to consumers using interactive two-way communication, enabling automated, advanced energy delivery and a litany of opportunities for consumers to control their electricity use and costs. And real-time grid monitoring is vital for optimizing smart grid technology.

Optimization 56

Optimization Technology Measurement Cost-Benefit 56

CIO Business Intelligence

JUNE 9, 2024

One factor is that manufacturers are shifting operations out of China into neighboring Southeast Asian countries to save costs. Most Asia Pacific (APAC) organizations are either getting involved or already invested in smart manufacturing; 48% are just beginning their digital journey, while 45% have already adopted it. initiatives.

Manufacturing 98

Manufacturing Data-driven Cost-Benefit Digital Transformation 98

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. It is easier to do so with the use of data derived from predictive analytics.

Management 115

Management Analytics Predictive Analytics Cost-Benefit 115

Smart Data Collective

SEPTEMBER 14, 2020

Big data is radically changing the future of online business. The benefits that it offers are abundantly clear. This Medium post highlights some of the reasons that big data is transforming the nature of e-commerce and other fields of online business. One of the biggest benefits is through personalized recommendations.

Dashboards 98

Dashboards Data Analytics Analytics Big Data 98

CIO Business Intelligence

OCTOBER 6, 2023

Business analysts (BAs) are responsible for bridging the gap between IT and the business using data analytics to assess processes, determine requirements, and deliver data-driven recommendations and reports to executives and stakeholders. What is a business analyst?

IT 128

IT Business Analysis Key Performance Indicator Cost-Benefit 128

CIO Business Intelligence

JANUARY 22, 2024

According to a recent analysis by EXL, a leading data analytics and digital solutions company, healthcare organizations that embrace generative AI will dramatically lower administration costs, significantly reduce provider abrasion, and improve member satisfaction. The timing could not be better. Here’s an example.

Cost-Benefit 105

Cost-Benefit Digital Transformation Data-driven Interactive 105

Smart Data Collective

SEPTEMBER 2, 2022

One study by the McKinsey Institute shows that data-driven organizations are 19 times more likely to be profitable. There are many benefits of using big data to run a business. One of the most important advantages is that big data can help with marketing. Big Data is Essential for Modern Marketing Strategies.

Big Data 117

Big Data Marketing Optimization Data mining 117

CIO Business Intelligence

APRIL 5, 2022

Here’s how three organizations are succeeding at using data analytics to improve supply chain operations. This has all helped Optimas manage and reduce overall costs by enabling it to make smarter decisions, “making our supply chains more efficient and improving overall cash management,” Korba says.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

Smart Data Collective

OCTOBER 9, 2023

Many manufacturers are using data analytics to improve their marketing strategies. Developing Analytics-Driven Marketing Approaches to Private Label Supplement Manufacturing Misunderstandings often arise when people confuse private labels with contract manufacturing. This is what our article will focus on today.

Manufacturing 84

Manufacturing Data Analytics Analytics Advertising 84

CIO Business Intelligence

OCTOBER 13, 2022

As companies fast-track IT modernization to accelerate digital transformation and gain business advantage, there is an opportunity to rearchitect a greener IT environment and application portfolio that will drive cost efficiencies and contribute to broader corporate sustainability goals. times more energy efficient than the average U.S.

IT 59

IT Cost-Benefit Internet of Things IoT 59

Smart Data Collective

NOVEMBER 29, 2021

Data analytics has become a very important element of success for modern businesses. Many business owners have discovered the wonders of using big data for a variety of common purposes, such as identifying ways to cut costs, improve their SEO strategies with data-driven methodologies and even optimize their human resources models.

Data Analytics 110

Data Analytics Analytics Big Data B2B 110

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%). Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group.

IT 145

IT Insurance Machine Learning Marketing 145

CIO Business Intelligence

APRIL 11, 2024

Better operational efficiency Nearly all ( 89%) of IT decision makers agree that data analytics is the lifeblood of modern government. Because AI can crunch down and produce actionable data in seconds to significantly improve operational efficiency, cost optimization, service delivery, and compliance.

Cost-Benefit 105

Cost-Benefit Predictive Analytics Data-driven Risk 105

CIO Business Intelligence

NOVEMBER 20, 2023

“If you look at the advances we have seen in AI, with the large amounts of data that large language models can process, we can safely hand off various decisions to machines,” says Prasad Ramakrishnan, CIO & SVP of IT at Freshworks. This reduces costs while improving customer experience.

Sales 131

Sales Cost-Benefit Manufacturing Forecasting 131

BizAcuity

JULY 13, 2021

Fraud Detection: AI records the data of users and their gambling activities and collectively determines cheating methods by flagging its suspicious occurrence and therefore, suspending accounts for further investigation.

Optimization 52

Optimization Marketing Analytics Data Warehouse 52

CIO Business Intelligence

MARCH 18, 2024

As more businesses look to carve out an advantage in an increasingly competitive market, many are turning toward cloud computing—particularly hybrid cloud approaches that blend the power of the mainframe with the innovation of the cloud—to make the most of their data. But that data is only valuable if it is up to date and accurate.

Cost-Benefit 98

Cost-Benefit Data Lake Machine Learning Data Integration 98

Smart Data Collective

MARCH 29, 2021

And this is usually at the lowest possible costs in terms of material and machinery. Over the years, asset-intensive industries have been searching for cost-efficient ways of managing, repairing, and overhauling activities. Additionally, data collection becomes a costly process. Below are some of these trends. Mechanization.

Big Data 137

Big Data Management Cost-Benefit Internet of Things 137

AWS Big Data

NOVEMBER 27, 2023

Amazon Managed Streaming for Apache Kafka (Amazon MSK) is a fully managed service that enables you to build and run applications that use Apache Kafka to process streaming data. Today, we’re excited to bring the benefits of Graviton3 to Kafka workloads, with Amazon MSK now offering M7g instances for new MSK provisioned clusters.

Cost-Benefit 100

Cost-Benefit Optimization Testing Management 100

Smart Data Collective

SEPTEMBER 20, 2023

However, there are far more benefits that cannot be overlooked. Endless Scalability: Cloud’s Biggest Offering To IoT IoT devices produce an enormous amount of data every second. Processing, storing, and analyzing this data is a monumental task. Cloud computing provides a cost-effective alternative. trillion by 2032.

IoT 118

IoT Internet of Things Cost-Benefit Manufacturing 118