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. Asset data collection. Data has become a crucial organizational asset.

Big Data 138

Big Data Management Cost-Benefit Internet of Things 138

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. The future is now.

Cost-Benefit 131

Cost-Benefit Internet of Things Insurance Data-driven 131

IBM Big Data Hub

APRIL 22, 2024

We believe there are three core areas that every organization should focus on: sustainability strategy and reporting; energy transition and climate resilience; and intelligent asset, facility and infrastructure management. This approach can help organizations to more easily establish a sustainability strategy across the business.

IoT 85

IoT Internet of Things Cost-Benefit Reporting 85

CIO Business Intelligence

OCTOBER 4, 2022

For the CIO to be successful with this, there needs to be a comprehensive strategy that extends far beyond simply deploying new technologies. Many CIOs are now working with an IT environment that can deliver a modern data strategy but are struggling to unlock the full potential. The four steps to data advantage.

Cost-Benefit 105

Cost-Benefit Strategy Digital Transformation ROI 105

datapine

JANUARY 6, 2022

Qualitative data, as it is widely open to interpretation, must be “coded” so as to facilitate the grouping and labeling of data into identifiable themes. This helps businesses to develop responsive, practical business strategies. Why do all industries engage in data research and analysis? What is the keyword? Dependable.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

CIO Business Intelligence

JULY 15, 2022

While working with IT vendors can help ease the burden on IT, it also raises concerns, especially around data, risk, and security. Benefits of vendor management. Building that relationship and foundation is one of the main goals and benefits of vendor management. Left unmanaged, vendor partnerships can quickly fall behind.

Management 122

Management Cost-Benefit Risk Software 122

Alation

JULY 15, 2022

I raised the Cambridge Analytica Scandal and pointed out how it is often only when these stories hit the news that people question the ethics behind how companies are using data. Clearly, using private Facebook data collected in a nefarious manner to sway political elections is not ethical. Data Value. The mandate.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

CIO Business Intelligence

MARCH 8, 2023

Enterprises driving toward data-first modernization need to determine the optimal multicloud strategy, starting with which applications and data are best suited to migrate to cloud and what should remain in the core and at the edge. A hybrid approach is clearly established as the optimal operating model of choice.

Manufacturing 102

Manufacturing Business Objectives Cost-Benefit Optimization 102

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 technology can also help developers create and launch apps more quickly, reduce bugs and lower development costs. These are just some of the benefits of using AI in the e-commerce sector.

Cost-Benefit 100

Cost-Benefit Optimization Data-driven Marketing 100

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

Cloudera

MARCH 29, 2022

To capitalize on the opportunities that data creates for the public good, state and local CIOs must harness data in motion with a cohesive strategy and platform. It’s no secret that the cloud has become the go-to infrastructure foundation for a modern data strategy. But that alone is too broad.

Cost-Benefit 97

Cost-Benefit Strategy Data Science Data Processing 97

Smart Data Collective

JUNE 21, 2023

By understanding and implementing the right HR metrics, organizations can make data-driven decisions, optimize their workforce, and ultimately drive organizational success. There are a number of major benefits of using big data in human resources. These benefits include the following: Helping recruit talent.

Data-driven 84

Data-driven Analytics Metrics Big Data 84

CIO Business Intelligence

AUGUST 5, 2022

Enterprises driving toward data-first modernization need to determine the optimal multicloud strategy, starting with which applications and data are best suited to migrate to cloud and what should remain in the core and at the edge. A hybrid approach is clearly established as the optimal operating model of choice.

IT 98

IT Manufacturing Business Objectives Cost-Benefit 98

Smart Data Collective

MARCH 3, 2023

Each business creates different data points, which can be collected and used to help guide strategy. Data is an important tool for businesses because it allows them to identify opportunities, track trends, and gain powerful insights. Analyzing poor-quality data is a waste of time that can cost your business.

Modeling 86

Modeling Cost-Benefit Software Strategy 86

Smart Data Collective

NOVEMBER 2, 2022

The industry has access to massive amounts of data, so it should leverage them to make the most of their customer outreach and support strategies. Martech author Allen Martinez talks about the benefits of big data in Fintech marketing. These companies need to employ detailed data strategies to find the right prospects.

Marketing 138

Marketing Big Data Data-driven Sales 138

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. Artificial Intelligence, Chatbots, IT Strategy, Predictive Analytics

Enterprise 141

Enterprise Cost-Benefit Optimization Deep Learning 141

CIO Business Intelligence

MAY 16, 2022

From the factory floor to online commerce sites and containers shuttling goods across the global supply chain, the proliferation of data collected at the edge is creating opportunities for real-time insights that elevate decision-making. How edge refines data strategy. Getting edge-to-cloud data strategy right.

IoT 98

IoT Data Warehouse Internet of Things Machine Learning 98

IBM Big Data Hub

FEBRUARY 7, 2024

1 In pursuit of net zero, organizations will focus their sustainability efforts on two paths in 2024: Clean energy : The transition from fossil fuels to renewable energy sources is central to sustainability strategies and net zero initiatives, and was a central issue last year at the United Nations’ COP28 climate summit.

Reporting 99

Reporting Cost-Benefit Internet of Things Data-driven 99

Smart Data Collective

JUNE 2, 2022

Meticulous Implementation of Procurement Strategy. Since information on suppliers is usually readily available in the cloud, they can tap this data and make timely decisions. This arguably one of the most important benefits of cloud technology in the modern economy. E-procurement is all about automated document management.

Technology 121

Technology ROI Cost-Benefit Forecasting 121

Smart Data Collective

AUGUST 31, 2020

At Smart Data Collective, we have talked extensively about the benefits of big data in digital marketing. We have focused a lot on using data analytics for SEO. However, there are a lot of other benefits of using big data in marketing. Big data developments have heightened these benefits.

Data-driven 87

Data-driven Marketing Big Data Broadcasting 87

CIO Business Intelligence

MARCH 24, 2023

The Data Management Association (DAMA) International defines it as the “planning, oversight, and control over management of data and the use of data and data-related sources.” Such a framework provides your organization with a holistic approach to collecting, managing, securing, and storing data.

Data Governance 142

Data Governance Management Metadata Data Quality 142

IBM Big Data Hub

MAY 26, 2023

Leading life sciences companies are discovering the power of cloud in enabling analytics and artificial intelligence (AI) , shrinking innovation cycles, and standardizing processes across global operations, among other benefits. Of these breaches, 45% were cloud-based, costing USD 10.10M on an average, per breach.

Consulting 80

Consulting Cost-Benefit Optimization Machine Learning 80

Smart Data Collective

MAY 8, 2022

Their skepticism has waned significantly, as they have finally started to discover the countless benefits that big data has to offer for their industry. Verizon Connect has talked at length about the benefits of using big data to streamline many business operations for fleet management. Keep reading to find out.

Optimization 106

Optimization Data Analytics Management Analytics 106

Smart Data Collective

JULY 9, 2023

There are many ways that data analytics can help e-commerce companies succeed. One benefit is that they can help with conversion rate optimization. Collecting Relevant Data for Conversion Rate Optimization Here is some vital data that e-commerce businesses need to collect to improve their conversion rates.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

Smart Data Collective

DECEMBER 21, 2022

This market is growing as more businesses discover the benefits of investing in big data to grow their businesses. Unfortunately, some business analytics strategies are poorly conceptualized. One of the biggest issues pertains to data quality. The consequences of not cleansing data properly.

Business Analytics 113

Business Analytics Analytics Data Quality Big Data 113

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. Steps To Driving A Successful Digital Transformation.

Digital Transformation 206

Digital Transformation Marketing Advertising Scorecard 206

Smart Data Collective

JUNE 15, 2022

Retailers can utilize data analysis to uncover trends in consumer behavior in order to make wiser decisions about product development, price, customer engagement, and so on. From the most basic to the most complicated concerns, data may assist guide your decision-making strategy. Better Understand Customer Demographics.

Advertising 100

Advertising Cost-Benefit ROI Sales 100

IBM Big Data Hub

FEBRUARY 9, 2023

Policies provide the guidelines for using, protecting, and managing data, ensuring consistency and compliance. Process refers to the procedures for communication, collaboration and managing data, including data collection, storage, protection, and usage.

Data Governance 83

Data Governance Business Objectives Strategy Data Quality 83

Occam's Razor

JANUARY 31, 2017

Ten years, and the 944,357 words, are proof that I love purposeful data, collecting it, pouring smart strategies into analyzing it, and using the insights identified to transform organizations. Everything you see above is framed simply, it is pretty much the same data you saw in the green/gray bars above.

Visualization 148

Visualization IT Strategy Key Performance Indicator 148

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? In the future of business intelligence, it will also be more common to break data-based forecasts into actionable steps to achieve the best strategy of business development. Increase in ROI.

Business Intelligence 132

Business Intelligence Visualization Dashboards Prescriptive Analytics 132

BA Learnings

AUGUST 7, 2021

If your digital transformation team is inexperienced, your business will have to deal with impossible goals and bad strategies stemming from a poor planning process. However, after putting in place infrastructure for this database, you realize you need to improve your data collection methods. If not, you should.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

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

Smart Data Collective

MAY 8, 2022

When you combine big data with AI, you can help your users extract highly-valuable insights from data, foster data literacy across your company or organization, and take advantage of the many other benefits it offers. Improves decision making and reduces costs. High-performance data systems and MapReduce.

Big Data 108

Big Data Data Analytics Analytics Cost-Benefit 108

CIO Business Intelligence

FEBRUARY 13, 2023

Measure performance of the current process by establishing a data collection plan to determine defects and gather metrics. Analyze the process to establish root cause of variations and defects to identify issues with the current strategy that stand in the way of the end goal.

Management 97

Management Statistics Manufacturing Measurement 97

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

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.

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. A smart transportation overview Also known as smart mobility, the rise of ubiquitous data collection and automation has led local governments to embrace smart transportation.

Internet of Things 77

Internet of Things IoT Broadcasting Cost-Benefit 77