Smart Data Collective

OCTOBER 16, 2023

Big data is generated primarily by three sources: Business Companies generate massive amounts of data daily. Financial data (invoices, transactions, billing data) and internal and external documents (reports, business letters, production plans, and so on) are examples of this.

Big Data 102

Big Data IoT Cost-Benefit Advertising 102

Smart Data Collective

JUNE 3, 2021

Big data benefits for law firms. Law firms tend to have large piles of paper documents. In order to correctly collect, store, and organize all the data, they must be analyzed in a quite fast manner. Nowadays, computer science has become strong and affordable enough so that companies can store all the data they want.

Big Data 86

Big Data Cost-Benefit Predictive Analytics Forecasting 86

AWS Big Data

MARCH 25, 2024

They can perform a wide range of different tasks, such as natural language processing, classifying images, forecasting trends, analyzing sentiment, and answering questions. FMs are multimodal; they work with different data types such as text, video, audio, and images. Streaming storage provides reliable storage for streaming data.

Data Lake 90

Data Lake Unstructured Data Management Modeling 90

Smart Data Collective

OCTOBER 31, 2021

Virtually every industry has found some ways to utilize analytics technology, but some are relying on it more than others. The e-commerce sector is among those that has relied most heavily on analytics technology. Many e-commerce sites are discovering more innovative ways to apply data analytics.

Analytics 109

Analytics Data mining Analytics Technologies Sales 109

Smart Data Collective

JANUARY 29, 2020

It is very difficult to get away with underreporting income now that the IRS has started using highly sophisticated data analytics tools for compliance purposes. Many accounting and bookkeeping services are using big data these days. The good news is that data analytics is not only available to the IRS.

Predictive Analytics 61

Predictive Analytics Data mining Analytics Big Data 61

Smart Data Collective

AUGUST 18, 2021

Big data has radically changed the accounting profession. They are also using more advanced data analytics tools to make more meaningful insights into the nature of their clients’ financial matters. The lease accounting profession has been particularly influenced by advances in big data.

Data-driven 121

Data-driven Software Big Data Visualization 121

IBM Big Data Hub

NOVEMBER 29, 2023

This helps ensure that insights derived from historical data, through the training of machine learning models (ML models), are practical and applicable in the present. This knowledge is not static and new event data helps to evolve our latest knowledge with each interaction, to help guide decision-making and intervention.

Unstructured Data 84

Unstructured Data Data-driven ROI Machine Learning 84

Smart Data Collective

NOVEMBER 25, 2019

Some of these new tools use AI to predict events more accurately by employing predictive analytics to identify subtle relationships between even seemingly unrelated variables. Predictive analytics is the use of data and AI-powered algorithms to help analysts forecast the future and better predict business outcomes.

Business Intelligence 102

Business Intelligence Predictive Analytics Data Collection Internet of Things 102

Smart Data Collective

FEBRUARY 9, 2022

This is possible one of the best reasons to use the data analytics features provided by DirectX. Geometric trading patterns can help you forecast how markets will behave. Exit based on strategies: Such plans can assist you in limiting losses as they inform the system when to stop trading.

Visualization 134

Visualization Optimization Analytics Testing 134

Smart Data Collective

DECEMBER 14, 2020

Big data can also help you forecast trends by examining demographic data and economic indicators for clues. Once, we had to spend hours poring over documents and guessing likely outcomes. Today, we have big data to handle this work for us. Let vendors know about these systems and keep them on their toes.

Big Data 111

Big Data Management Key Performance Indicator Data-driven 111

Smart Data Collective

SEPTEMBER 16, 2022

Valarie Romero of the Arizona Telehealth Program shared a list of five ways that big data contributes to advances in telemedicine. Some of the ways that big data is driving advances in telemedicine include the following: They can evaluate data from IoT devices and use it to forecast healthcare trends and identify individual patient needs.

Big Data 110

Big Data Cost-Benefit IoT Consulting 110

Smart Data Collective

JANUARY 19, 2021

Romeo said that case studies from Microsoft and other companies have shown that data analytics can be used to develop better human resources policies, such as avoiding transfers to keep employee satisfaction high. Some employees check out the weather forecasts or surf the internet news to start the day at work.

Software 83

Software Data-driven Cost-Benefit Reporting 83

datapine

JUNE 5, 2019

Forecasting: As dashboards are equipped with predictive analytics , it’s possible to spot trends and patterns that will help you develop initiatives and make preparations for future business success. Dashboards allow you to “tease out” patterns in your data that you might not see in a purely numerical format. click to enlarge**.

Dashboards 316

Dashboards KPI Sales Visualization 316

Sisense

FEBRUARY 1, 2021

Generating vast data stores along the way, the PLM framework is now a primary beneficiary of ML-based data analytics. The analytics edge in PLM functionality. All processes that generate data can be analyzed to produce valuable insights about how to improve the efficiency of those processes.

Management 52

Management Analytics Manufacturing Cost-Benefit 52

Alation

MARCH 21, 2023

As an industry with tight margins, travel and tourism companies can use analytics to detect trends that help them reduce costs, decide future product and service offerings, and develop successful business strategies. Why is data analytics important for travel organizations? How is data analytics used in the travel industry?

Data Analytics 52

Data Analytics Analytics Data-driven Big Data 52

datapine

AUGUST 29, 2022

The saying “knowledge is power” has never been more relevant, thanks to the widespread commercial use of big data and data analytics. The rate at which data is generated has increased exponentially in recent years. Essential Big Data And Data Analytics Insights. million searches per day and 1.2

Big Data 263

Big Data Data Analytics Analytics Data mining 263

CIO Business Intelligence

MARCH 2, 2023

A catalyst to make this happen will be the ongoing improvements in AI-enabled data capture. Fast and accurate data extraction will speed up transactions and automation capabilities, and be the foundational technology within any business intelligence or data analytics platform, enabling better collaboration and B2B communications, he says.

Data Lake 141

Data Lake Forecasting B2B Optimization 141

AWS Big Data

APRIL 2, 2024

What we hear from customers Organizations are adopting enterprise-wide data discovery and governance solutions like Amazon DataZone to unlock the value from petabytes, and even exabytes, of data spread across multiple departments, services, on-premises databases, and third-party sources (such as partner solutions and public datasets).

Metadata 89

Metadata Metrics Data-driven Modeling 89

Smart Data Collective

DECEMBER 22, 2021

There is no question that big data is changing the nature of business in spectacular ways. A growing number of companies are discovering new data analytics applications, which can help them streamline many aspects of their operations.

Data-driven 89

Data-driven Big Data Cost-Benefit Software 89

datapine

JANUARY 21, 2020

Another crucial factor to consider is the possibility to utilize real-time data. Operational optimization and forecasting. The customizable nature of modern data analytic stools means that it’s possible to create dashboards that suit your exact needs, goals, and preferences, improving the senior decision-making process significantly.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

datapine

DECEMBER 11, 2019

SaaS is less robust and less secure than on-premises applications: Despite some SaaS-based teething problems or technical issues reported by the likes of Google, these occurrences are incredibly rare with software as a service applications – and there hasn’t been one major compromise of a SaaS operation documented to date. 2) Vertical SaaS.

Software 314

Software Cost-Benefit Data Processing Data-driven 314

IBM Big Data Hub

OCTOBER 12, 2023

Stored data is predicted to see a 250% growth by 2025, 1 the results of which are likely to include a greater number of disconnected silos and higher associated costs. To optimize data analytics and AI workloads, organizations need a data store built on an open data lakehouse architecture.

Cost-Benefit 76

Cost-Benefit Metadata Data Governance Modeling 76

Jet Global

OCTOBER 22, 2020

Most organizations are looking for sophisticated reporting and analytics, but they have little appetite for managing the highly complicated infrastructure that goes with it. Let’s begin with an overview of how data analytics works for most business applications. Fortunately, there is a way to have the best of both worlds.

Modeling 52

Modeling OLAP Reporting Sales 52

IBM Big Data Hub

OCTOBER 20, 2023

Data extraction: Platform capabilities help sort through complex details and quickly pull the necessary information from large documents. forums, documentation, customer support) can also be invaluable for troubleshooting issues and sharing knowledge. A strong user community along with support resources (e.g.,

Machine Learning 71

Machine Learning Manufacturing Cost-Benefit Deep Learning 71

IBM Big Data Hub

FEBRUARY 6, 2024

Cloud-based applications and services Cloud-based applications and services support myriad business use cases—from backup and disaster recovery to big data analytics to software development. Many organizations opt for a private cloud setting to protect sensitive data—a business need that is becoming increasingly important.

Cost-Benefit 99

Cost-Benefit Digital Transformation Software Modeling 99

datapine

NOVEMBER 27, 2019

You simply choose the data source you want to analyze and the column/variable (for instance, revenue) that the algorithm should focus on. Then, calculations will be run and come back to you with growth/trends/forecast, value driver, key segments correlations, anomalies, and what-if analysis. 1 for data analytics trends in 2020.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Alation

OCTOBER 12, 2021

Enterprise data analytics enables businesses to answer questions like these. It empowers analysts to model scenarios, forecast change, and predict impact of real or imagined events. Having a data analytics strategy is a key to delivering answers to these questions and enabling data to drive the success of your business.

Strategy 52

Strategy Enterprise Analytics Data Governance 52

Jet Global

NOVEMBER 16, 2022

A board report is a document presented to the governing body of a company to help keep the board members up-to-speed on what’s going on within the corporation. A board report is one that combines and summarizes all the committee reports, as well as the report of the executive director, into one document. What Is a Board Report?

Reporting 94

Reporting Software Key Performance Indicator Dashboards 94

Jet Global

JULY 14, 2022

Cash Flow Forecast. Your cash flow forecast, the ultimate goal of cash flow planning, represents cash flow for your company in a given future time period, usually 12 months. You have several ways to forecast your cash flow, which benefits your business so you can be ready for difficulties ahead when they actually happen.

Finance 52

Finance Cost-Benefit Measurement Sales 52

Jet Global

AUGUST 31, 2022

Make sure that your transfer pricing policies are solid and that they’re supported by the right documentation. The best corporate tax software will also offer the ability to run multiple scenarios, which can then be incorporated into both short-term and long-term forecasts. Prioritize policy over numbers. Explore Possible Outcomes.

Software 52

Software Reporting Forecasting Management 52

Jet Global

FEBRUARY 14, 2022

Tax leaders recognize that their teams need entirely new technical skills, with data analytics (45%) and technology transformation (43%) at the top of their wish lists,” it says. In the second of its three-part Tax Transformation Trends series, it explains how technology will alter the skills mix required.

Finance 52

Finance Recreation/Entertainment Software Reporting 52

Jet Global

FEBRUARY 8, 2023

This is done without disrupting your data and reporting, and insightsoftware’s industry leading professional services consulting team can provide IPO readiness and data services support.

Management 52

Management Cost-Benefit Reporting Software 52

Jet Global

NOVEMBER 16, 2022

Accuracy of Forecast Demand. Forecasting is a crucial part of reporting. The accuracy of the forecast metric gives you an idea of how confident you can be in your projections of how well a particular item will sell. Accuracy of forecast demand = [(actual demand – forecast demand) / actual demand] X 100.

Metrics 52

Metrics Reporting KPI Cost-Benefit 52

Jet Global

JUNE 13, 2022

Other common XBRL errors occur when required values are missing, or when concepts in an XBRL document are tagged with incorrect dates in relation to the end date of the reporting period. When this element is used in a financial report without being negated, it results in a negative value error.

Management 52

Management Reporting Software Sales 52

Jet Global

MAY 1, 2023

In a recent study by Mordor Intelligence , financial services, IT/telecom, and healthcare were tagged as leading industries in the use of embedded analytics. Healthcare is forecasted for significant growth in the near future. Four Approaches to Data Analytics The world of data analytics is constantly and quickly changing.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

Jet Global

JUNE 24, 2022

The financial consolidation and close process takes a variety of financial statements and documents. Match the accounting books against all the receipts, bank statements, bank forms, and other financial documents you have. Have receipts, invoices, bills, and any other transactional documents on hand. Bank account information.

Reporting 52

Reporting Software Sales Management 52

Jet Global

JUNE 10, 2022

Purpose-built tax planning and tax reporting solutions can automate the process by collecting and collating information from source accounting systems, modeling scenarios and predicting the likely tax implications, as well as serving as a foundation for documentation and compliance transfer pricing decisions.

Forecasting 52

Forecasting Reporting Finance Software 52