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. Reduced Costs and Downtime. These digital presentations are built from real-time data either in pure form or 3D representations.

Cost-Benefit 138

Cost-Benefit IoT Internet of Things Data-driven 138

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

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

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

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. Financial services: Develop credit risk models. Forecast financial market trends.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

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

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

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 84

IoT Internet of Things Cost-Benefit Reporting 84

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. era is upon us.

Data Governance 145

Data Governance IT Risk Data Lake 145

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

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 87

Cost-Benefit Insurance Unstructured Data Machine Learning 87

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

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

FineReport

JUNE 7, 2023

Moreover, the implementation of an effective Project Management Dashboard facilitates data-driven decision-making and sustainable business success. This, in turn, saves numerous working hours and ultimately reduces costs, all made possible through modern solutions. What Is A Project Management Dashboard?

Dashboards 52

Dashboards Management Visualization Cost-Benefit 52

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 59

Cost-Benefit Machine Learning Consulting Data mining 59

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

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

O'Reilly on Data

JULY 28, 2020

It’s often difficult for businesses without a mature data or machine learning practice to define and agree on metrics. Fair warning: if the business lacks metrics, it probably also lacks discipline about data infrastructure, collection, governance, and much more.) Agreeing on metrics.

Marketing 362

Marketing Experimentation Metrics Testing 362

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

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 82

Technology Measurement Cost-Benefit Data-driven 82

IBM Big Data Hub

AUGUST 11, 2023

The advancement of computing power over recent decades has led to an explosion of digital data, from traffic cameras monitoring commuter habits to smart refrigerators revealing how and when the average family eats. Both computer scientists and business leaders have taken note of the potential of the data. How the models are stored.

Data Science 56

Data Science Machine Learning Cost-Benefit Deep Learning 56

IBM Big Data Hub

SEPTEMBER 11, 2023

The bulk of these uncertainties do not revolve around what software package to pick or whether to migrate to the cloud; they revolve around how exactly to apply these powerful technologies and data with precision and control to achieve meaningful improvements in the shortest time possible.

Data-driven 90

Data-driven IT Measurement Cost-Benefit 90

Jet Global

JUNE 5, 2020

The second is how much of the company’s growth is organic as opposed to being advertisement driven. Create an environment in which the KPI positively impacts the workplace and encourages/rewards people for doing things that will benefit the company. Compiling the data and reporting it. That is just the nature of the business.

Insurance 59

Insurance Metrics Reporting KPI 59

BizAcuity

MARCH 1, 2019

IoT is basically an exchange of data or information in a connected or interconnected environment. As IoT devices generate large volumes of data, AI is functionally necessary to make sense of this data. Data is only useful when it is actionable for which it needs to be supplemented with context and creativity.

IoT 56

IoT Internet of Things Big Data Data-driven 56

Cloudera

DECEMBER 21, 2020

Hybrid cloud is the best of both worlds – it allows low latency in data transfer combined with high data security offered by on-prem with the low TCO of ownership of scalable advanced analytics solutions in the cloud. . Enhancing Online Customer Experience with Data .

Data-driven 90

Data-driven Data Strategy Strategy Cost-Benefit 90

Peter James Thomas

AUGUST 29, 2018

Today I am talking to Christopher Bannocks , who is Group Chief Data Officer at ING. As stressed in other recent In-depth interviews [1] , data is a critical asset in banking and related activities, so Christopher’s role is a pivotal one. 2] I was asked to help solve the data problem.

Data-driven 61

Data-driven Cost-Benefit Metadata Technology 61

IBM Big Data Hub

JUNE 14, 2023

Evolving technologies and an increasingly globalized and digitalized marketplace have driven manufacturers to adopt smart manufacturing technologies to maintain competitiveness and profitability. These features use data from multiple machines simultaneously, automate processes and provide manufacturers more sophisticated analyses.

Manufacturing 76

Manufacturing Technology Internet of Things Cost-Benefit 76

CIO Business Intelligence

AUGUST 15, 2023

Whether a project aims to improve suicide prevention using data science or to create new revenue streams by reimagining an organization’s core business, CIO 100 Award winners demonstrate the innovative spirit of today’s IT in the face of rapidly evolving organizational challenges.

IT 98

IT Manufacturing IoT Cost-Benefit 98

IBM Big Data Hub

NOVEMBER 14, 2023

Data monetization is a business capability where an organization can create and realize value from data and artificial intelligence (AI) assets. A value exchange system built on data products can drive business growth for your organization and gain competitive advantage.

Strategy 111

Strategy Cost-Benefit Data-driven Measurement 111

datapine

AUGUST 12, 2020

They may gather financial, marketing and sales-related information, or more technical data; a business report sample will be your all-time assistance to adjust purchasing plans, staffing schedules, and more generally, communicating your ideas in the business environment. Benefit from great business reports today! click to enlarge**.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

CIO Business Intelligence

JANUARY 30, 2024

The foundation for ESG reporting, of course, is data. Always the gatekeepers of much of the data necessary for ESG reporting, CIOs are finding that companies are even more dependent on them,” says Nancy Mentesana, ESG executive director at Labrador US, a global communications firm focused on corporate disclosure documents.

Reporting 115

Reporting Data Quality Strategy Data-driven 115

IBM Big Data Hub

AUGUST 11, 2023

If you are experiencing inefficiencies, bottlenecks, quality control challenges or compliance issues in your production processes, an MES can provide real-time data and performance analysis across production lines to identify and address these issues promptly. Adequate training for your team members is crucial for successful adoption.

Software 72

Software Manufacturing Cost-Benefit ROI 72

erwin

MARCH 4, 2021

Modern data governance is a strategic, ongoing and collaborative practice that enables organizations to discover and track their data, understand what it means within a business context, and maximize its security, quality and value. The What: Data Governance Defined. Data governance has no standard definition.

Data Governance 122

Data Governance Digital Transformation Data-driven Cost-Benefit 122

IBM Big Data Hub

JULY 5, 2023

Asset lifecycle management (ALM) is a data-driven approach that many companies use to care for their assets, maximize their efficiency and increase their profitability. Planning In the first stage of the asset lifecycle, stakeholders assess the need for a new asset, its projected value to the organization and its overall cost.

Strategy 56

Strategy Management IoT Cost-Benefit 56

AWS Big Data

MARCH 26, 2024

This view is used to identify patterns and trends in customer behavior, which can inform data-driven decisions to improve business outcomes. In this post, we discuss how you can use purpose-built AWS services to create an end-to-end data strategy for C360 to unify and govern customer data that address these challenges.

Data Strategy 66

Data Strategy Strategy Data Warehouse Prescriptive Analytics 66

AWS Big Data

FEBRUARY 21, 2023

Data warehouses play a vital role in healthcare decision-making and serve as a repository of historical data. A healthcare data warehouse can be a single source of truth for clinical quality control systems. Data warehouses are mostly built using the dimensional model approach, which has consistently met business needs.

Data Warehouse 63

Data Warehouse Data Lake Cost-Benefit Modeling 63

Domino Data Lab

JANUARY 21, 2021

Producing insights from raw data is a time-consuming process. The Importance of Exploratory Analytics in the Data Science Lifecycle. Exploratory analysis is a critical component of the data science lifecycle. Exploratory analysis is a critical component of the data science lifecycle. There is a risk of injecting bias.

Statistics 106

Statistics Unstructured Data Data Science Predictive Modeling 106