Smart Data Collective

OCTOBER 16, 2023

This information, dubbed Big Data, has grown too large and complex for typical data processing methods. Companies want to use Big Data to improve customer service, increase profit, cut expenses, and upgrade existing processes. The influence of Big Data on business is enormous. Where does big data come from?

Big Data 104

Big Data IoT Cost-Benefit Advertising 104

Smart Data Collective

MAY 28, 2021

Data security and data collection are both much more important than ever. Every organization needs to invest in the right big data tools to make sure that they collect the right data and protect it from cybercriminals. One tool that many data-driven organizations have started using is Microsoft Azure.

Data-driven 134

Data-driven Cost-Benefit Big Data Data Processing 134

CIO Business Intelligence

JANUARY 25, 2023

To fully harness the benefits of modern network architectures, network operations teams need a deep understanding of how these systems perform. Even by making small advances in this IT arena, teams can deliver large business benefits and demonstrable return on investment (ROI). million per year. Avoiding Downtime Yields $2.5M

IT 98

IT Cost-Benefit ROI Software 98

datapine

JANUARY 6, 2022

1) What Is Data Interpretation? 2) How To Interpret Data? 3) Why Data Interpretation Is Important? 4) Data Analysis & Interpretation Problems. 5) Data Interpretation Techniques & Methods. 6) The Use of Dashboards For Data Interpretation. Business dashboards are the digital age tools for big data.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Smart Data Collective

MAY 11, 2023

Since the launch of Smart Data Collective, we have talked at length about the benefits of AI for mobile technology. AI apps can gather data by analyzing user behavior and interaction. AI technology can also help developers create and launch apps more quickly, reduce bugs and lower development costs.

Cost-Benefit 99

Cost-Benefit Optimization Data-driven Marketing 99

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 141

Enterprise Cost-Benefit Optimization Deep Learning 141

Smart Data Collective

MARCH 28, 2021

Although there are many benefits of moving to the cloud , this decision is not without its risks. On-premise data centers are highly susceptible to cyberattacks as well. Smart companies are overcoming these challenges by using Microsoft Azure to scale up or down and inspire efficient growth and data security amid the global crisis.

Cost-Benefit 138

Cost-Benefit IoT Internet of Things Data-driven 138

Smart Data Collective

NOVEMBER 2, 2022

Big data technology has changed the future of marketing in a multitude of ways. A growing number of organizations are leveraging big data to get higher ROIs from their organic and paid marketing campaigns. As a result, companies around the world spent over $52 billion on data-driven marketing solutions in 2021.

Marketing 137

Marketing Big Data Data-driven Sales 137

CIO Business Intelligence

SEPTEMBER 8, 2022

Most organizations understand the profound impact that data is having on modern business. In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years.

Cost-Benefit 122

Cost-Benefit Internet of Things Data-driven Data Lake 122

Smart Data Collective

JULY 9, 2023

E-commerce businesses around the world are focusing more heavily on data analytics. There are many ways that data analytics can help e-commerce companies succeed. One benefit is that they can help with conversion rate optimization. One report found that global e-commerce brands spent over $16.7 billion on analytics last year.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts are often driven by stakeholder expectations, regulatory requirements and the recognition that sustainable business practices can improve the bottom line. These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance.

Reporting 99

Reporting Cost-Benefit Internet of Things Data-driven 99

CIO Business Intelligence

JUNE 5, 2023

At connected smart factories, work instructions and data delivered from augmented and virtual reality (AR/VR) headsets, robots, warehouse and factory machines, people, and networks all come together in unified experiences. The journey is well underway.

Internet of Things 97

Internet of Things Cost-Benefit Manufacturing IoT 97

IBM Big Data Hub

APRIL 22, 2024

To drive real change, it’s crucial for individuals, industries, organizations and governments to work together, using data and technology to uncover new opportunities that will help advance sustainability initiatives across the globe. The world is behind on addressing climate change.

IoT 85

IoT Internet of Things Cost-Benefit Reporting 85

Smart Data Collective

JUNE 2, 2022

Companies can invest in specialized cloud software that provides essential data that helps give them real-time access to suppliers, electronic invoices, and other information. Since information on suppliers is usually readily available in the cloud, they can tap this data and make timely decisions. ROI-Driven Concept.

Technology 120

Technology ROI Cost-Benefit Forecasting 120

Alation

JULY 15, 2022

Data ethics is both an imperative and an opportunity. New regulations covering data privacy and other ethical concerns require that enterprises govern internal data processes according to these new laws. I asked attendees: How often do you think about data ethics? What does data ethics mean to you?

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

Smart Data Collective

MARCH 27, 2020

The auto insurance industry has always relied on data analysis to inform their policies and determine individual rates. With the technology available today, there’s even more data to draw from. The good news is that this new data can help lower your insurance rate. Demographics. This includes: Age. Type of Vehicle. Telematics.

Insurance 108

Insurance Measurement Risk Cost-Benefit 108

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Cost-Benefit 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

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. And she is numbers driven – great! 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?

Metrics 130

Metrics Data Analytics Analytics Measurement 130

datapine

APRIL 21, 2022

For instance, when it comes to Human Resources, a digital transformation entails streamlining operations and digitizing personnel data. An accounting department may consider leveraging electronic contracts, data collecting, and reporting as a part of the digital transition. Interactivity-driven Social Marketing.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

CIO Business Intelligence

JANUARY 24, 2024

Organizations can’t afford to mess up their data strategies, because too much is at stake in the digital economy. How enterprises gather, store, cleanse, access, and secure their data can be a major factor in their ability to meet corporate goals. Here are some data strategy mistakes IT leaders would be wise to avoid.

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

Smart Data Collective

NOVEMBER 24, 2020

In this article, you’ll discover: upcoming trends in business intelligence what benefits will BI provide for businesses in 2020 and on? Business intelligence software will be more geared towards working with Big Data. Data Governance. One issue that many people don’t understand is data governance. Self-service BI.

Business Intelligence 132

Business Intelligence Visualization Dashboards Prescriptive Analytics 132

IBM Big Data Hub

JULY 26, 2023

By requiring a fresh evaluation of all expenses, Pyhrr aimed to eliminate unnecessary costs, identify inefficiencies, and promote a more focused use of resources. Some key benefits include: Cost Savings: ZBB requires a thorough evaluation of all expenses, challenging the assumption that last year spending levels are justified.

Cost-Benefit 61

Cost-Benefit Optimization Visualization Data-driven 61

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends.

Enterprise 106

Enterprise Interactive Data-driven Key Performance Indicator 106

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. billion in 2022, according to a research study published by The Insight Partners in August 2022.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

Smart Data Collective

JUNE 15, 2022

One of the secrets to attracting and retaining customers is to become more data-centric. According to many surveys, more than 90% of retail organizations across a wide range of sectors feel location data is crucial to their success. In this article, we will talk about nine ways location data can help you excel in retail.

Advertising 99

Advertising Cost-Benefit ROI Sales 99

Smart Data Collective

SEPTEMBER 11, 2020

An article in CISCOMAG talks about the benefits of using AI in improving network security. Networking technologies have been in existence for many decades with a singular purpose – the improvement of data transmission and circulation through the use of information systems. Growing Importance of AI in Networking. Edge Computing.

Technology 97

Technology IoT Internet of Things Cost-Benefit 97

CIO Business Intelligence

APRIL 29, 2022

Preparing for an artificial intelligence (AI)-fueled future, one where we can enjoy the clear benefits the technology brings while also the mitigating risks, requires more than one article. This first article emphasizes data as the ‘foundation-stone’ of AI-based initiatives. Establishing a Data Foundation. Data Centricity.

Data Governance 145

Data Governance IT Risk Data Lake 145

Smart Data Collective

DECEMBER 7, 2020

The latest innovation in the proxy service market makes every data gathering operation quicker and easier than ever before. Since the market for big data is expected to reach $243 billion by 2027 , savvy business owners will need to find ways to invest in big data. The Growth of AI in Web Data Collection.

Data Quality 77

Data Quality Data Collection Big Data Machine Learning 77

IBM Big Data Hub

AUGUST 14, 2023

The Cost of a Data Breach 2023 global survey found that extensively using artificial intelligence (AI) and automation benefited organizations by saving nearly USD 1.8 million in data breach costs and accelerated data breach identification and containment by over 100 days, on average.

Cost-Benefit 60

Cost-Benefit Machine Learning Consulting Data mining 60

IBM Big Data Hub

MAY 23, 2023

The whole world, it seems, is fixated on solving transportation issues and increasing mobility because it produces so many benefits for citizens and the economy. Every time a city improves upon its existing structures to incorporate more data-driven or connected technologies, it becomes more intelligent.

Internet of Things 77

Internet of Things IoT Broadcasting Cost-Benefit 77

Smart Data Collective

MAY 17, 2021

To gain an understanding of this dilemma, we must first distinguish between privacy as it’s traditionally defined and the more recent, controversial “data privacy.” This is why data privacy is so important. Facebook was recently banned from processing user data from WhatsApp in Germany.

Cost-Benefit 94

Cost-Benefit Advertising Data Collection Data-driven 94

IBM Big Data Hub

FEBRUARY 9, 2023

In our last blog , we delved into the seven most prevalent data challenges that can be addressed with effective data governance. Today we will share our approach to developing a data governance program to drive data transformation and fuel a data-driven culture. Don’t try to do everything at once!

Data Governance 83

Data Governance Business Objectives Strategy Data Quality 83

Smart Data Collective

JULY 21, 2021

Specifically, we’re talking about how digital transformation efforts routinely fail to take advantage of the data they provide access to. Often, this is about cutting costs, or adding automation, or making life a bit easier. These are rich with data insight, hidden behind the easier-to-understand elements of the product.

Digital Transformation 143

Digital Transformation Data Strategy Strategy Cost-Benefit 143

O'Reilly on Data

OCTOBER 22, 2020

Understanding the company’s true purpose unlocks the business model and sheds light on what is useful to do with the data. Since I work in the AI space, people sometimes have a preconceived notion that I’ll only talk about data and models. How did you obtain your training data? Source: Shane.

Consulting 296

Consulting Risk Cost-Benefit Modeling 296

FineReport

AUGUST 17, 2021

Are you still using the traditional cumbersome and redundant data collection methods? Have you ever neglected key indicators because of irrelevant data in your decision-making? Digital dashboard: definition & benefits. Assist decision-making: Digital dashboard is the centralized processing and display of data.

Dashboards 52

Dashboards Cost-Benefit Key Performance Indicator Sales 52

IBM Big Data Hub

SEPTEMBER 26, 2022

Healthcare disparities are closely linked to race, ethnicity, gender and other demographic and socioeconomic issues surrounding access, cost and quality of care. In 2020, IBM collaborated with the Rhode Island Department of Health , uncovering existing and emerging data patterns to aid the agency’s overall response to the health crisis.

B2B 52

B2B Visualization Data-driven Cost-Benefit 52

IBM Big Data Hub

JUNE 8, 2023

However, many of these organizations lack a clear pathway to realizing their goals and 41% of surveyed executives cite inadequate data as their biggest obstacle to ESG progress. Together with IBM’s support, the aim is leveraging data from the ocean and technology, and taking the project to the next level.

Technology 84

Technology Measurement Cost-Benefit Data-driven 84