Smart Data Collective

SEPTEMBER 24, 2019

Big data is playing a more essential role in website administration than ever before. The market for big data is growing 41% over the next few years. This is largely due to the need for big data in website management and marketing, as well as advances in AI. However, big data is only useful if it is collected.

Data Collection 74

Data Collection Big Data Advertising Cost-Benefit 74

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 100

Big Data IoT Cost-Benefit Advertising 100

Cloudera

MAY 4, 2022

The availability and maturity of automated data collection and analysis systems is making it possible for businesses to implement AI across their entire operations to boost efficiency and agility. Benefits aplenty. The beauty of AI is that it promises to deliver more benefits than you can even imagine. Faster decisions .

Cost-Benefit 129

Cost-Benefit Internet of Things Insurance Data-driven 129

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 83

IoT Internet of Things Cost-Benefit Reporting 83

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 135

Marketing Big Data Data-driven Sales 135

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 96

Cost-Benefit Optimization Data-driven Marketing 96

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 71

Optimization Data Analytics Analytics Data-driven 71

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 96

Reporting Cost-Benefit Internet of Things Data-driven 96

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 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

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 121

Cost-Benefit Internet of Things Data-driven Data Lake 121

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

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

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. Meticulous Implementation of Procurement Strategy. This arguably one of the most important benefits of cloud technology in the modern economy.

Technology 118

Technology ROI Cost-Benefit Forecasting 118

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 80

Data Governance Business Objectives Strategy Data Quality 80

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 103

Enterprise Interactive Data-driven Key Performance Indicator 103

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 96

Advertising Cost-Benefit ROI Sales 96

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 130

Business Intelligence Visualization Dashboards Prescriptive Analytics 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

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 86

Cost-Benefit Insurance Unstructured Data Machine Learning 86

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

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 74

Internet of Things IoT Broadcasting Cost-Benefit 74

erwin

JUNE 11, 2020

What Is Data Intelligence? Data Intelligence is the analysis of multifaceted data to be used by companies to improve products and services offered and better support investments and business strategies in place. Data intelligence can encompass both internal and external business data and information.

Key Performance Indicator 103

Key Performance Indicator KPI Data-driven Machine Learning 103

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

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

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 80

Technology Measurement Cost-Benefit Data-driven 80

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. This is particularly true for AI products.

Marketing 362

Marketing Experimentation Metrics Testing 362

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.

Dashboards 52

Dashboards Management Visualization Cost-Benefit 52

datapine

FEBRUARY 9, 2024

An even more interesting fact: The blogs we read regularly are not only influenced by KPI management but also concerning content, style, and flow; they’re often molded by the suggestions of these goal-driven metrics. The process helps businesses and decision-makers measure the success of their strategies toward achieving company goals.

KPI 221

KPI Management Key Performance Indicator Measurement 221

FineReport

FEBRUARY 28, 2020

Enterprise reporting is a process of extracting, processing, organizing, analyzing, and displaying data in the companies. It uses enterprise reporting tools to organize data into charts, tables, widgets, or other visualizations. In this way, users can gain insights from the data and make data-driven decisions. .

Reporting 96

Reporting Enterprise Visualization Business Intelligence 96

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

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 89

Data-driven Data Strategy Strategy Cost-Benefit 89

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

AUGUST 20, 2021

How CDP Enables and Accelerates Data Product Ecosystems. A multi-purpose platform focused on diverse value propositions for data products. As a result, CDP-enabled data products can meet multiple and varying functional and non-functional requirements that correspond to product attributes, each fulfilling specific customer needs.

Strategy 95

Strategy Cost-Benefit Visualization Data Warehouse 95

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 110

Strategy Cost-Benefit Data-driven Measurement 110

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

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 67

Data Strategy Strategy Data Warehouse Prescriptive Analytics 67