Smart Data Collective

SEPTEMBER 4, 2020

Big data is becoming increasingly important in business decision-making. The market for data analytics applications and solutions is expected to reach $105 billion by 2027. However, big data technology is only a viable tool for business decision-making if it is utilized appropriately. Write Down Your Objectives.

Data-driven 87

Data-driven Big Data Metrics Strategy 87

Smart Data Collective

APRIL 3, 2022

More companies than ever are investing in big data. However, many feel that their data strategies are not proving to be effective. According to a report by VentureBeat, only 13% of companies feel that their data strategies are providing the results they are looking for. Keep It Short and Simple.

Data Strategy 96

Data Strategy Strategy Data-driven Big Data 96

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.

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Data-driven Metrics Sales Big Data 108

Smart Data Collective

MAY 10, 2022

Data analytics technology is rapidly becoming a more integral part of many company cultures. According to the 2021 State of Data Maturity Report, 32% of companies have formal data strategies. Data analytics serves many different purposes. Using Data Analytics Can Help Create a Better Company Culture.

Data Analytics 131

Data Analytics Analytics Big Data Data-driven 131

Smart Data Collective

JANUARY 9, 2022

Savvy business owners recognize the importance of investing in big data technology. Companies that utilize big data strategically end up having a strong advantage against their competitors. However, despite the benefits big data provides, companies that are using it are in the minority. They will be more likely to invest in it.

Big Data 135

Big Data Data Analytics Advertising Analytics 135

Srividya Sridharan

JUNE 12, 2019

This month’s Insights Beat focuses on the latest research in our insights-driven playbook; showcases multiple data, analytics, and machine-learning vendor evaluations; and shines a light on B2B analytics techniques. Is Your Data Strategy Lacking? (Jeremy Vale and Paolo Santamaria contributed to this post.)

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Data Strategy Strategy B2B Data-driven 92

Smart Data Collective

SEPTEMBER 8, 2020

You can see how big data and AI are being utilized by the most astute CBD marketers. You can get a better sense of the role that big data plays in the changing direction of the market. So how can you stand out in a crowded marketplace by leveraging data analytics ? Big Data is Driving Major Changes in the CBD Industry.

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Data-driven Marketing Big Data Advertising 109

Smart Data Collective

APRIL 21, 2022

We have pointed out in the past that big data offers a number of benefits for online commerce. One of the most important benefits of data analytics pertains to optimizing websites for a good user experience. One study found that the ROI of UX strategies is 9,900%. Data analytics can help with the UX process.

Data Analytics 117

Data Analytics Analytics Big Data Machine Learning 117

IBM Big Data Hub

JUNE 8, 2022

Implementing the right data strategy spurs innovation and outstanding business outcomes by recognizing data as a critical asset that provides insights for better and more informed decision-making. Here are a few common data management challenges: Regulatory compliance on data use. Data quality. Data silos.

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Data-driven Enterprise Data Governance Data Lake 57

Smart Data Collective

JUNE 17, 2021

Big data is becoming very important for companies all over the world. They need to make sure that they utilize their data wisely, because it is one of the most important assets at their disposal. There are a lot of things that companies need to take into consideration when managing their data.

Data Processing 89

Data Processing Data-driven Big Data Advertising 89

Smart Data Collective

SEPTEMBER 23, 2021

You may not have thought about creative professionals having a strong foundation in data analytics. Artists are known for their creative insights, rather than their analytical or scientific competencies. However, the world has changed, which means that a background in big data and other types of technology is equally important.

Data Analytics 114

Data Analytics Analytics Cost-Benefit Big Data 114

Smart Data Collective

FEBRUARY 15, 2022

Data analytics has become a very important part of business management. Large corporations all over the world have discovered the wonders of using big data to develop a competitive edge in an increasingly competitive global market. American Express is an example of a company that has used big data to improve its business model.

Marketing 103

Marketing Data Analytics Analytics Big Data 103

Smart Data Collective

OCTOBER 21, 2020

The concept of email marketing predates the big data phenomenon by at least 20 years. However, data-driven insights have clearly played a profound role in the future of email marketing. Companies need to find new ways to use big data to embrace new email strategies. The Evolution of Email in the Age of Big Data.

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Data-driven Big Data Metrics Machine Learning 81

Smart Data Collective

AUGUST 31, 2020

Big data is the lifeblood of modern app development. App developers should also use data analytics to maximize their monetization opportunities. They are embracing new big data initiatives to find the best opportunities. They are embracing new big data initiatives to find the best opportunities.

Data-driven 103

Data-driven Modeling Advertising Big Data 103

Cloudera

APRIL 18, 2024

All of that technology, though, depends on data to be successful. In those discussions, it was clear that everyone understood the need to treat data estates more cohesively as a whole—that means bringing more attention to security, data governance, and metadata management, the latter of which has become increasingly popular.

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Analytics Metadata Data Strategy Optimization 104

Smart Data Collective

AUGUST 7, 2019

Big data has the power to transform any small business. One study found that 77% of small businesses don’t even have a big data strategy. If your company lacks a big data strategy, then you need to start developing one today. Using Big Data to Fix Your Biggest Problems as a Business Owner.

Data Analytics 99

Data Analytics Analytics Big Data Data Lake 99

TDAN

APRIL 18, 2023

Tenets to “Thriving” As a CDAO In the first part of this blog, I wrote about challenges Chief Data Analytics Officers face in their role. They form a guiding framework to build sustainable data-driven […]

Data Analytics 52

Data Analytics Analytics Data-driven Data Strategy 52

TDAN

APRIL 4, 2023

Today, almost every organization across industries recognizes they should hire Chief Data Analytics Officers (CDAOs) to lead the business with data-driven transformations. More CDAOs exist worldwide than ever before in the entire history of data.

Data Analytics 52

Data Analytics Analytics Data-driven IT 52

Rocket-Powered Data Science

MARCH 19, 2021

How to make smarter data-driven decisions at scale : [link]. The determination of winners and losers in the data analytics space is a much more dynamic proposition than it ever has been. A lot has changed in those five years, and so has the data landscape. Well, that statement was made five years ago!

Internet of Things 259

Internet of Things Analytics IoT Prescriptive Analytics 259

Smart Data Collective

NOVEMBER 17, 2021

More companies than ever are being driven by data. They use a number of important data analytics tools to help implement their functions more efficiently. Unfortunately, big data can be mysterious for many companies. Only 13% of companies with data strategies are meeting the objectives outlined in them.

Consulting 139

Consulting Data-driven Big Data Marketing 139

Srividya Sridharan

SEPTEMBER 3, 2020

And data, analytics, and AI are going to drive this future. The digital future is here.

Data Strategy 108

Data Strategy Strategy Uncertainty Marketing 108

Data Insight

AUGUST 29, 2022

Getting the insights you need.

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Data-driven Data Strategy Strategy Data Analytics 98

Smart Data Collective

FEBRUARY 20, 2022

More companies are investing in big data than ever these days. One survey published on CIO found that less than a third of companies have reported that big data has buy-in from top executives. If you are running a business that has not yet adapted a data strategy, you should keep reading. Making Decisions More Easily.

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Big Data Management Finance Data-driven 112

Smart Data Collective

JANUARY 27, 2022

Big data technology has become a very important aspect of our lives. More businesses than ever are transitioning to data-driven business models. Research has shown that companies with big data strategies are 19 times more likely to become profitable. 1 Equip Your Employees with the Right Data Analytics Tools.

Optimization 106

Optimization IT Big Data Cost-Benefit 106

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 137

Marketing Big Data Data-driven Sales 137

Smart Data Collective

JANUARY 26, 2021

Big data technology has been instrumental in helping organizations translate between different languages. We covered the benefits of using machine learning and other big data tools in translations in the past. How Does Big Data Architecture Fit with a Translation Company?

Data Architecture 120

Data Architecture Big Data Data Strategy Data-driven 120

Srividya Sridharan

OCTOBER 22, 2019

It’s T minus two weeks to Forrester’s 2nd Data Strategy & Insights Forum in Austin, TX. Over 300 data and analytics leaders will gather to share, learn and get inspired!

Strategy 83

Strategy Data Analytics Analytics Data Strategy 83

Ontotext

JANUARY 29, 2024

In 2023, data leaders and enthusiasts were enamored of — and often distracted by — initiatives such as generative AI and cloud migration. I expect to see the following data and knowledge management trends emerge in 2024. However, organizations need to be aware that these may be nothing more than bolted-on Band-Aids.

Strategy 52

Strategy Management Metadata Data-driven 52

Smart Data Collective

NOVEMBER 12, 2022

Data has unquestionably had a huge impact on our lives. quintillion bytes of data are generated every day. Data is everything in today’s tech-driven world. Here comes the role of the data analyst. If you are considering a data analyst career, here are some reasons that may help solidify your decision.

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Sales Data mining Data-driven Data Analytics 115

datapine

JANUARY 24, 2021

In our cutthroat digital age, the importance of setting the right data analysis questions can define the overall success of a business. That being said, it seems like we’re in the midst of a data analysis crisis. Your Chance: Want to perform advanced data analysis with a few clicks? Data Is Only As Good As The Questions You Ask.

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IT Statistics KPI Data-driven 317

CIO Business Intelligence

JUNE 30, 2023

It’s well acknowledged that data, when used correctly, has the potential to be a strategic growth asset driving innovation – and with the recent developments in large language models (LLM) for AI, data is really having its day in the sun. And we’ll let you in on a secret: this means nailing your data strategy.

Internet of Things 87

Internet of Things Strategy Risk Data Strategy 87

Smart Data Collective

MARCH 2, 2023

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. However, there are even more important benefits of using big data during a bad economy.

Big Data 81

Big Data Uncertainty Risk Data mining 81

CIO Business Intelligence

DECEMBER 11, 2023

You have to balance the potential benefits of generative AI with significant, important operational issues, such as ensuring patient data privacy and complying with regulatory requirements. Any and all activities that focus on improving patient data, processes and communications are prime for improvement.

Unstructured Data 75

Unstructured Data Interactive Data-driven Consulting 75

CIO Business Intelligence

OCTOBER 24, 2023

Business drivers for the first wave of digital transformation through 2020 targeted growth, data capabilities, cloud migration, and delivering competitive technology capabilities. With generative AI now a firm digital transformation priority , 2023-24 will mark the beginning of an AI-driven transformation era.

Digital Transformation 145

Digital Transformation Data-driven Business Objectives Strategy 145

IBM Big Data Hub

DECEMBER 16, 2022

Today’s data leaders are expected to make organizations run more efficiently, improve business value, and foster innovation. Their role has expanded from providing business intelligence to management, to ensuring high-quality data is accessible and useful across the enterprise. Building the foundation: data architecture.

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Enterprise Data Architecture Data-driven ROI 52

Srividya Sridharan

SEPTEMBER 3, 2020

And data, analytics, and AI are going to drive this future. The digital future is here.

Data Strategy 40

Data Strategy Strategy Uncertainty Marketing 40

IBM Big Data Hub

APRIL 25, 2023

In a prior blog , we pointed out that warehouses, known for high-performance data processing for business intelligence, can quickly become expensive for new data and evolving workloads. To do so, Presto and Spark need to readily work with existing and modern data warehouse infrastructures. Some use case examples will help.

Optimization 57

Optimization Strategy Data Warehouse Cost-Benefit 57