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 125

Data-driven Optimization Big Data Data Strategy 125

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Global companies spent over $92.5

Data-driven 104

Data-driven Cost-Benefit Data mining Big Data 104

CIO Business Intelligence

FEBRUARY 27, 2024

Business needs first, then the lifecycle management program Your infrastructure lifecycle management program should be aligned with your organization’s growth roadmap. This will involve comprehensive and proactive infrastructure management. Lifecycle management keeps an equal focus on an asset through all its stages.

Technology 100

Technology Management Manufacturing Cost-Benefit 100

Ontotext

FEBRUARY 12, 2024

In the final part of this three-part series, we’ll explore ho w data mesh bolsters performance and helps organizations and data teams work more effectively. Usually, organizations will combine different domain topologies, depending on the trade-offs, and choose to focus on specific aspects of data mesh.

Data-driven 59

Data-driven Data Lake Data Quality Business Objectives 59

Smart Data Collective

SEPTEMBER 21, 2021

Retailers around the world are discovering that big data can be incredibly valuable to their bottom lines. A growing number of businesses are starting to look for new data-driven approaches to streamline their business models. Targeting the Right Variables for Your Data-Driven Retail Business Model.

Data-driven 108

Data-driven Metrics Sales Big Data 108

Smart Data Collective

JULY 24, 2023

Vendor Management Systems (VMS) have become an indispensable tool for streamlining procurement and fostering strong vendor relationships. This article will delve into the transformative potential of AI in Vendor Management Systems, and how it’s setting the stage for a more strategic, intelligent, and efficient approach to procurement.

Management 87

Management Cost-Benefit Data-driven Predictive Analytics 87

DataKitchen

FEBRUARY 21, 2023

On 24 January 2023, Gartner released the article “ 5 Ways to Enhance Your Data Engineering Practices.” Or, as one of our customers put it, “How do I increase the total amount of team insight generated without continually adding more staff (and cost)?” Staff turnover, stress, and unhappiness. It’s not been going well.

Data-driven 130

Data-driven Testing Risk Cost-Benefit 130

Smart Data Collective

JULY 9, 2021

Fortunately, new advances in big data technology are helping companies get better qualified workers. Data analytics technology is very important in assessing the performance of staffing services. Companies can use data analytics to improve their hiring processes. What Are the Benefits of Data Analytics in Staffing?

Data Analytics 128

Data Analytics Management Analytics Big Data 128

CIO Business Intelligence

DECEMBER 12, 2023

But CIOs grapple to reconcile advancing agility and speed with the complexities of managing multicloud and sprawling edge environments built on disparate standards and formats. As a result, islands of applications and data are formed. Data has gravity and it tends to stay where it lands.

Management 81

Management Cost-Benefit Software Data-driven 81

Smart Data Collective

SEPTEMBER 1, 2021

As we have stated before, big data is becoming vital to modern marketing strategies. However, it is becoming abundantly clear that big data technology is also rapidly transforming many traditional marketing practices as well. Doing Research Before Investing in Data-Driven Digital Signage Solutions.

Data-driven 110

Data-driven Advertising Big Data Cost-Benefit 110

datapine

AUGUST 7, 2019

If you’re part of a growing SaaS company and are looking to accelerate your success, leveraging the power of data is the way to gain a real competitive edge. A SaaS dashboard is a powerful business intelligence tool that offers a host of benefits for ambitious tech businesses. What Are The Benefits Of The SaaS Technology?

Dashboards 168

Dashboards Management KPI Cost-Benefit 168

AWS Big Data

APRIL 17, 2024

Analytics as a service (AaaS) is a business model that uses the cloud to deliver analytic capabilities on a subscription basis. This model provides organizations with a cost-effective, scalable, and flexible solution for building analytics. times lower cost per user and up to 7.9 Amazon Redshift delivers up to 4.9

Data Warehouse 99

Data Warehouse Analytics Cost-Benefit Modeling 99

CIO Business Intelligence

SEPTEMBER 25, 2023

To do so, Nardecchia and his team sought to incorporate “digital threads” into the company’s hardware and thereby expand its business model beyond manufacturing into software-as-a-service. “We We knew we had to reinvent ourselves and that our business model wasn’t going to be sustained with so many companies moving to software as a service.

Modeling 101

Modeling Manufacturing Digital Transformation Cost-Benefit 101

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. An enterprise starts by using a framework to formalize its processes and procedures, which gets increasingly difficult as data science programs grow. What Is Model Risk? Types of Model Risk.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

DataKitchen

MAY 10, 2024

The Five Use Cases in Data Observability: Mastering Data Production (#3) Introduction Managing the production phase of data analytics is a daunting challenge. Overseeing multi-tool, multi-dataset, and multi-hop data processes ensures high-quality outputs.

Testing 124

Testing Metrics Data Quality Dashboards 124

Ontotext

JANUARY 25, 2024

In the current data management landscape, enterprises have to deal with diverse and dispersed data at unimaginable volumes. Among this complexity of siloed data and content, valuable business insights and opportunities get lost. This is a core component of most data fabric based implementations.

Enterprise 64

Enterprise Management Cost-Benefit Metadata 64

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

CIO Business Intelligence

MAY 16, 2024

Digital transformation is a gradual journey, and for many CIOs, becoming more data-driven hinges on how sustainability practices are systematically adopted. Business plans are focused on digital and sustainable transformation to bring us closer to the goal of a data-driven company,” says its CIO, Stefano Biondini.

Digital Transformation 90

Digital Transformation Data-driven Cost-Benefit Management 90

CIO Business Intelligence

APRIL 29, 2024

By leveraging data-driven methods, businesses can optimize and reclaim operating capital from their extensive technology budgets, reducing expenses without resorting to drastic measures. However, it’s important to remember that headcount and budget cuts are not the only strategies to streamline costs.

Technology 64

Technology Cost-Benefit Data-driven Finance 64

Smart Data Collective

APRIL 15, 2021

Big data and blockchain have played a very important role in the cryptocurrency industry. There are a lot of reasons that cryptocurrency traders are investing more heavily in big data technology. This is a big deal for investors trying to boost their revenue, but it also provides numerous benefits for other businesses.

Data-driven 97

Data-driven Big Data Cost-Benefit Technology 97

AWS Big Data

MAY 1, 2024

To transform Fujitsu from an IT company to a digital transformation (DX) company, and to become a world-leading DX partner, Fujitsu has declared a shift to data-driven management. The platform consists of approximately 370 dashboards, 360 tables registered in the data catalog, and 40 linked systems.

Dashboards 111

Dashboards Data-driven Publishing Cost-Benefit 111

erwin

JANUARY 9, 2020

Enterprises are trying to manage data chaos. They also face increasing regulatory pressure because of global data regulations , such as the European Union’s General Data Protection Regulation (GDPR) and the new California Consumer Privacy Act (CCPA), that went into effect last week on Jan. GDPR: Key Differences.

Data Governance 144

Data Governance Modeling Metadata Unstructured Data 144

Laminar Security

DECEMBER 1, 2023

Cloud data security is one of the most critical, yet most challenging aspects of doing business in the age of cloud. As more organizations migrate their data to the cloud, they face an increasing range of risks and threats, including data breaches, data leakage, data loss, data misuse, data compliance violations, shadow data and more.

Modeling 52

Modeling Cost-Benefit Risk Data-driven 52

Rocket-Powered Data Science

FEBRUARY 15, 2023

While generative AI has been around for several years , the arrival of ChatGPT (a conversational AI tool for all business occasions, built and trained from large language models) has been like a brilliant torch brought into a dark room, illuminating many previously unseen opportunities.

Strategy 289

Strategy Experimentation Uncertainty Machine Learning 289

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

MAY 9, 2024

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. They also need to understand the vitality of quality data for AI success, as well as governance frameworks to ensure responsible and ethical use of AI.

Risk Management 120

Risk Management Risk Cost-Benefit Technology 120

Smart Data Collective

SEPTEMBER 12, 2021

Big data has been an invaluable contribution to our daily lives. We have started relying on big data to research new products, improve our experience online and make a number of other improvements. One of the biggest benefits of big data has been in the field of investing. Use the Cost-Averaging Method.

Data-driven 81

Data-driven Strategy Big Data Cost-Benefit 81

Smart Data Collective

MARCH 30, 2021

A data-driven approach allows companies of any scale to develop SEO and marketing strategies based not on the opinion of individual marketers but on real statistics. Big data helps better understand your customers, adjust your strategy according to the obtained results, and even decide on the further development of your product line.

Data-driven 92

Data-driven Sales Big Data Marketing 92

AWS Big Data

MAY 4, 2023

Encored Technologies (Encored) is an energy IT company in Korea that helps their customers generate higher revenue and reduce operational costs in renewable energy industries by providing various AI-based solutions. It allows for efficient data storage and transmission, as well as easy manipulation of the data using specialized software.

Data-driven 52

Data-driven Technology Cost-Benefit Machine Learning 52

CIO Business Intelligence

JANUARY 22, 2024

AI-driven technology is not just a side project anymore. 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.

Cost-Benefit 102

Cost-Benefit Digital Transformation Data-driven Interactive 102

AWS Big Data

OCTOBER 11, 2023

Organizations with legacy, on-premises, near-real-time analytics solutions typically rely on self-managed relational databases as their data store for analytics workloads. Near-real-time streaming analytics captures the value of operational data and metrics to provide new insights to create business opportunities.

Management 104

Management Metadata Analytics Dashboards 104

erwin

SEPTEMBER 12, 2019

Strong internal business process modeling and management helps data-driven organizations compete and lead. The Value of Internal Business Process Modeling. The complexity of modern data-driven organizations requires processes to work in tandem to create and sustain value.

Modeling 101

Modeling Cost-Benefit Data-driven Data Governance 101

IBM Big Data Hub

MAY 16, 2023

To help companies better deliver on their marketing vision and scale their marketing business processes, managed marketing services (MMS) offshore has become a fast growing trend. What are managed marketing services (MMS)? This complexity translates into higher costs and makes it difficult for marketing teams to keep up.

Marketing 76

Marketing Management Optimization Cost-Benefit 76

Octopai

APRIL 24, 2023

This new native integration enhances our data lineage solution by providing seamless integration with one of the most powerful cloud-based data warehouses, benefiting data teams and enabling support for a broader range of data lineage, discovery, and catalog.

Cost-Benefit 96

Cost-Benefit Data-driven Data Warehouse Data Governance 96

AWS Big Data

MARCH 30, 2023

An event-driven architecture is a software design pattern in which decoupled applications can asynchronously publish and subscribe to events via an event broker. By containerizing your data processing tasks, you can simply deploy them into Amazon EKS as Kubernetes jobs and use Kubernetes to manage underlying computing compute resources.

Data-driven 70

Data-driven Metadata Testing Management 70

CIO Business Intelligence

FEBRUARY 27, 2024

The resulting infrastructure of choice — a combination of on-premises and hybrid-cloud platforms — will aim to reduce cost overruns, contain cloud chaos, and ensure adequate funding for generative AI projects. This refinement of thinking about the cloud comes as hefty AI costs loom on the horizon.

Strategy 143

Strategy Cost-Benefit Data Processing Data-driven 143

IBM Big Data Hub

OCTOBER 25, 2023

Here’s how CTOs and CIOs can evaluate their technology and data estates, assess the opportunity and chart a path forward. First, technology leaders need to estimate the full financial impact of modernization (versus the cost of not modernizing) across the organization.

Cost-Benefit 91

Cost-Benefit ROI Modeling Testing 91