Smart Data Collective

FEBRUARY 20, 2022

This is where big data technology has become so important. A report last July found that 30% of companies have a formal data strategy. These companies tend to have a much better ROI than those without one. One study actually found that companies with a data strategy had 84% higher revenue and 66% higher profits.

Big Data 108

Big Data Management Finance Data-driven 108

CIO Business Intelligence

AUGUST 23, 2022

Organizations should embrace value-based decision making that focuses on the business objectives and that benefits for the various stakeholders (technology, operations, procurement, finance, security, data analytics, environment, etc.) Transitioning to Business Value .

Cost-Benefit 105

Cost-Benefit Business Objectives ROI Risk 105

Smart Data Collective

AUGUST 31, 2023

Data analytics has had a tremendous impact on the financial sector in recent years. Therefore, it should be no surprise that the market for financial analytics is projected to be worth nearly $19 billion by 2030. There are a ton of great benefits of using data analytics in finance.

ROI 92

ROI Data Analytics Analytics Risk 92

datapine

MAY 21, 2019

“BI is about providing the right data at the right time to the right people so that they can take the right decisions” – Nic Smith. Data analytics isn’t just for the Big Guys anymore; it’s accessible to ventures, organizations, and businesses of all shapes, sizes, and sectors. 2) Lack of company-wide adoption.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards Slice and Dice 183

Smart Data Collective

JUNE 8, 2022

Did you know that the market for financial analytics services is worth over $25 billion ? This figure is growing every year, as more financial organizations are discovering the benefits data analytics technology offers. Data analytics has become a crucial part of the modern financial industry.

Analytics 78

Analytics Testing ROI Strategy 78

IBM Big Data Hub

DECEMBER 16, 2022

Only from this foundation can data leaders foster a data-driven culture, where the entire organization is empowered to take advantage of automation and AI technologies to improve ROI. Building the foundation: data architecture. Collecting, organizing, managing, and storing data is a complex challenge.

Enterprise 52

Enterprise Data Architecture ROI Data-driven 52

Smart Data Collective

NOVEMBER 17, 2021

Data analytics has become a crucial element of the financial industry. Financial institutions such as mutual funds and insurance companies are using big data to improve their operations. The market for financial analytics services is expected to be worth $14 billion by 2026.

Analytics 108

Analytics Big Data Data-driven ROI 108

Smarten

JULY 1, 2022

Rutgers Business School and the American Institute of CPAs (AICPA) recently announced the formation of the Rutgers AICPA Data Analytics Research Initiative for further integration of data analytics into the audit process and advancement in the public accounting profession. Designed for Business Users of Tally ERP.

Analytics 52

Analytics Cost-Benefit Reporting KPI 52

datapine

JANUARY 24, 2021

This genie (who we’ll call Data Dan) embodies the idea of a perfect data analytics platform through his magic powers. Now, with Data Dan, you only get to ask him three questions. Or even better: “Which marketing campaign that I did this quarter got the best ROI, and how can I replicate its success?”.

IT 317

IT Statistics KPI Data-driven 317

Smart Data Collective

MARCH 30, 2022

While there is no debating the huge benefits that analytics technology brings to the ecommerce sector , many experts are pondering what those actual benefits are. New ecommerce startups are discovering interesting ways to utilize analytics. Those that have a solid strategy predicated on it will have a higher ROI.

Analytics 112

Analytics Cost-Benefit Testing Dashboards 112

IBM Big Data Hub

SEPTEMBER 6, 2023

Missed opportunities A slow budget can mean missed opportunities and potential ROI left on the table. For the best results, finance teams should use solutions especially designed for such regular forecasting. To ensure these scenarios remain actionable, they should be updated regularly based on the latest data and insights.

Forecasting 89

Forecasting Marketing Risk Sales 89

DataRobot

SEPTEMBER 2, 2021

I’ve also spent this summer traveling with Andretti Motorsports and their RKM IndyCar team, learning how crucial data analytics are in the racing world as well as how Augmented Intelligence is immensely embedded into their racing strategy. Overall, our sports accounts have made over 800 billion predictions on the DataRobot platform !

Broadcasting 52

Broadcasting Recreation/Entertainment ROI Statistics 52

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 134

Marketing Big Data Data-driven Sales 134

Sisense

SEPTEMBER 3, 2020

We live in a constantly-evolving world of data. That means that jobs in data big data and data analytics abound. The wide variety of data titles can be dizzying and confusing! They then translate those needs into system specifications and look for the most attractive financing options for such systems.

Statistics 97

Statistics Metrics Visualization Finance 97

Smart Data Collective

APRIL 3, 2022

As AI technology has improved, algorithmic trading has become more effective and given traders the opportunity to realize higher ROIs. This figure appears to have improved as AI helped boost their ROI. Algorithms are sets of programmed instructions to perform some tasks.

Technology 92

Technology Cost-Benefit ROI Strategy 92

datapine

NOVEMBER 5, 2019

All areas of your modern-day business – from supply chain success to improved reporting processes and communications, interdepartmental collaboration, and general organization innovation – can benefit significantly from the use of analytics, structured into a live dashboard that can improve your data management efforts. Primary KPIs.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

datapine

JANUARY 7, 2020

Without big data analytics, companies are blind and deaf, wandering out onto the Web like deer on a freeway. Companies that use data analytics are five times more likely to make faster decisions, based on a survey conducted by Bain & Company. Geoffrey Moore, Author of Crossing the Chasm & Inside the Tornado.

Dashboards 149

Dashboards Reporting KPI Cost-Benefit 149

IBM Big Data Hub

FEBRUARY 14, 2024

By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination. AIOps is one of the fastest ways to boost ROI from digital transformation investments.

Cost-Benefit 87

Cost-Benefit Insurance Unstructured Data Machine Learning 87

Smart Data Collective

SEPTEMBER 30, 2021

Big data and the artificial intelligence technologies used to leverage it can go beyond market predictions, and you can use data to improve working processes and optimize your return on investment (ROI). In this post, we’ll explore how organizations can leverage big data and AI instruments to improve their ROI.

Big Data 128

Big Data B2B ROI Cost-Benefit 128

Smart Data Collective

DECEMBER 15, 2020

You can significantly increase the profitability of your trades by investing in top-of-the-line analytics technology. How Can Data Analytics Assist with Stock Trading. It is going to be a lot easier to trade effectively with new data analytics tools. Do your research with analytics tools.

Data Analytics 65

Data Analytics Analytics Big Data Risk 65

datapine

APRIL 22, 2020

“Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway.” – Geoffrey Moore. And, as a business, if you use your data wisely, you stand to reap great rewards. Data brings a wealth of invaluable insights that could significantly boost the growth and evolution of your business.

Dashboards 189

Dashboards Key Performance Indicator Visualization Cost-Benefit 189

datapine

JANUARY 21, 2020

One business report example can focus on finance, another on sales, the third on marketing. As every business needs to seriously consider their expenses and ROI (return on investment), often the costs and savings are hardly measured. Today’s dashboards are inclusive and improve the overall value of your organization’s data.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

IBM Big Data Hub

APRIL 4, 2024

cloud servers, data storage , networking capabilities, automation , software, data analytic tools)—with the security and control of on-premises IT infrastructure. Private cloud combines the main benefits of cloud computing—chiefly on-demand access to computing resources (e.g.,

Data Processing 100

Data Processing Cost-Benefit Software Digital Transformation 100

datapine

MAY 11, 2022

Digital data not only provides astute insights into critical elements of your business but if presented in an inspiring, digestible, and logical format, it can tell a tale that everyone within the organization can get behind. Data visualization methods refer to the creation of graphical representations of information. d) Gauge charts.

Visualization 252

Visualization Dashboards Key Performance Indicator Sales 252

datapine

OCTOBER 30, 2019

But let’s get into the basics in more detail, and afterward, we will explore data reporting examples that you can use for your own internal processes and more. Data Reporting Basics. Data analytics is the science of examining raw data with the purpose of drawing conclusions about that information.

Reporting 127

Reporting Visualization Dashboards KPI 127

Cloudera

JULY 9, 2018

These systems replaced highly manual operations such as record keeping, finance, and reporting. More importantly, how can we put them to good use and achieve positive ROI? The Business Dilemma: Data science is complex and has its own language and perceptions. Only 66 companies from 1955’s Fortune 500 exist today.

Machine Learning 42

Machine Learning Data Science Testing Business Intelligence 42

datapine

SEPTEMBER 16, 2022

Previously, we discussed the top 19 big data books you need to read, followed by our rundown of the world’s top business intelligence books as well as our list of the best SQL books for beginners and intermediates. A BI strategy that leverages data visualization will provide an ROI of $13.01 back on every dollar spent.

Visualization 304

Visualization Dashboards Data-driven Statistics 304

datapine

JANUARY 31, 2022

Because things are changing and becoming more competitive in every sector of business, the benefits of business intelligence and proper use of data analytics are key to outperforming the competition. Experts say that BI and data analytics makes the decision-making process 5x times faster for businesses.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

datapine

FEBRUARY 22, 2022

Without real-time insight into their data, businesses remain reactive, miss strategic growth opportunities, lose their competitive edge, fail to take advantage of cost savings options, don’t ensure customer satisfaction… the list goes on. Indeed, every year low-quality data is estimated to cost over $9.7

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

Andrew White

JANUARY 11, 2021

Which industry, sector moves fast and successful with data-driven? Government, Finance, … Tough question…mostly as it’s hard to determine which industry due to different uses and needs of D&A. What’s your view in situation where the IT function still reports to CFO (Finance Director)? Governance.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

FineReport

APRIL 3, 2024

By visually representing data through charts, graphs, and maps, they foster collaboration and knowledge sharing among stakeholders. Integrated with diverse data sources, they empower users to analyze data directly within the dashboard interface, democratizing data analytics for both technical and non-technical users.

Dashboards 52

Dashboards Visualization Metrics Interactive 52

Depict Data Studio

SEPTEMBER 17, 2019

David Napoli has worked with data for over 20 years as an analyst, actuary, statistician, research manager, and director. Deven Wisner is a capacity builder for data-driven decision making across a variety of disciplines, including regulatory consulting, human capital, finance, and marketing.

Visualization 40

Visualization Consulting Dashboards Reporting 40

Jet Global

APRIL 14, 2022

However, they require knowledge of SQL to generate, can be rigid, and do not cover the specific custom reporting needs of real estate finance teams. Finance teams may need to lean on their IT department or external contractors to create insightful reports, rather than spend days creating them themselves. Improve data quality.

Data Collection 52

Data Collection Management Finance Reporting 52

Jet Global

JULY 1, 2022

It is hard to get a full picture of your supply chain data with operational reporting software, so supply chain executives are flying blind, working with inaccurate and outdated information. Stock projections will be incorrect, impacting finances like working capital and revenue. Easily Identify Pollution in Your Data Stream.

Operational Reporting 98

Operational Reporting Reporting Finance Software 98

Jet Global

MAY 12, 2023

By making data-driven decisions like this, product managers can optimize the user experience and ultimately drive greater success for their product. Embedded Analytics Defined Embedded analytics is the integration of analytical capabilities and data visualizations into another software application.

Analytics 52

Analytics Slice and Dice Sales Cost-Benefit 52

Jet Global

JUNE 13, 2022

But the benefits of enhanced functionality, the power of the cloud, and increased ROI are reason enough for organizations across the world to convert every day. Atlas works by connecting to live data from Microsoft Dynamics and other sources to give you the power to produce accurate financial and operational reports. More than Excel.

Reporting 52

Reporting Data Lake Sales Operational Reporting 52

Jet Global

MAY 1, 2023

Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. Costs: The investment in developing and maintaining the solution. “-1”: The formula assures that a positive ROI is achieved only when benefits exceed the costs. Benefits: The combination of strategic benefits (e.g., cost reduction).

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52