Smart Data Collective

NOVEMBER 12, 2021

Big data has helped companies identify promising cost-saving measures, recruit the best talent, optimize their marketing strategies and realize many other benefits. However, there are a lot of other benefits of big data that have not gotten as much attention. Control Operational Costs. Global companies spent over $92.5

Data-driven 104

Data-driven Cost-Benefit Data mining Big Data 104

Cloudera

AUGUST 3, 2021

Advanced analytics empower risk reduction . Advanced analytics and enterprise data are empowering several overarching initiatives in supply chain risk reduction – improved visibility and transparency into all aspects of the supply chain balanced with data governance and security. . Leveraging data where it lies.

Analytics 109

Analytics Digital Transformation Risk Forecasting 109

Corinium

APRIL 25, 2019

For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. Life insurance needs accurate data on consumer health, age and other metrics of risk. Now, there is a data risk here.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Smart Data Collective

JULY 17, 2019

Companies that strive to provide better senior care can use machine learning, robotics and predictive analytics to better meet the needs of their residents without having to worry about a frustrating staffing shortage. New IOT devices will facilitate in-home senior care. This reduces the costs involved.

Cost-Benefit 84

Cost-Benefit Machine Learning Advertising Risk 84

Cloudera

AUGUST 18, 2021

In digital transformation projects, it’s easy to imagine the benefits of cloud, hybrid, artificial intelligence (AI), and machine learning (ML) models. In modern hybrid environments, data traverses clouds, on-premise infrastructure and IoT networks, so the process can get very complex. technologies. Rethinking the Data Lifecycle.

Data Lake 88

Data Lake IoT Internet of Things Data-driven 88

IBM Big Data Hub

JULY 26, 2023

Digital twin technology, an advancement stemming from the Industrial Internet of Things (IIoT), is reshaping the oil and gas landscape by helping providers streamline asset management, optimize performance and reduce operating costs and unplanned downtime. What is a digital twin?

Technology 58

Technology Cost-Benefit Optimization Internet of Things 58

Cloudera

JANUARY 14, 2021

Blended use brick and mortar enable better pricing and convenience to consumers than digital pure-plays, and physical stores now serve as micro-fulfillment centers—through BOPIS (buy online, pick-up in-store) or curbside delivery—and drive down overall cost-to-serve. Reinventing Brick and Mortar is Delivering Fresh Customer Experiences.

Cost-Benefit 70

Cost-Benefit Digital Transformation Sales IoT 70

Smart Data Collective

SEPTEMBER 26, 2019

The emergence of massive data centers with exabytes in the form of transaction records, browsing habits, financial information, and social media activities are hiring software developers to write programs that can help facilitate the analytics process. to rapidly find and fix bugs faster, significantly lowering the software development rates.

Big Data 80

Big Data Software Unstructured Data Data Integration 80

IBM Big Data Hub

JUNE 14, 2023

artificial intelligence (AI) applications, the Internet of Things (IoT), robotics and augmented reality, among others) to optimize enterprise resource planning (ERP), making companies more agile and adaptable. With 3D printing, manufacturers can produce complex geometries in a single step, reducing manufacturing time and costs.

Manufacturing 79

Manufacturing Technology Internet of Things Cost-Benefit 79

Cloudera

NOVEMBER 4, 2020

Customers, especially in personal lines, tend not to focus on risk and exposure changes at renewals, but their agents or brokers do. The best price that can be offered is based on providing only the insurance that is needed and appropriate to the specific needs and risks of the customer at that point in time or during the policy period.

Insurance 113

Insurance Machine Learning Risk IoT 113

Cloudera

JANUARY 22, 2019

What are the Benefits of Big Data Fabric? It enables orchestration of data flow and curation of data across various big data platforms (such as data lakes, Hadoop, and NoSQL) to support a single version of the truth, customer personalization, and advanced big data analytics. High-value Analytics. Source: Cloudera.

Big Data 44

Big Data Data Lake Internet of Things Enterprise 44

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361