Smart Data Collective

JULY 9, 2023

E-commerce businesses around the world are focusing more heavily on data analytics. One report found that global e-commerce brands spent over $16.7 billion on analytics last year. There are many ways that data analytics can help e-commerce companies succeed.

Optimization 73

Optimization Data Analytics Analytics Data-driven 73

Smart Data Collective

JANUARY 29, 2020

The IRS uses highly sophisticated data mining tools to identify underreporting by taxpayers. According to a recent report, they sent 3.7 This figure is a small fraction of the total number of taxpayers that the IRS has determined that have not reported their income fully. Forecasting future tax expenses.

Predictive Analytics 61

Predictive Analytics Data mining Analytics Big Data 61

Smart Data Collective

JANUARY 26, 2022

Usually, the legal space lacked the data to measure appropriately and report its findings. Increasingly, though, brands and businesses of all sizes expect their legal representatives to leverage and report out – data the same way as the rest of the company. What is Legal Analytics? What is Legal Analytics?

Data Analytics 72

Data Analytics Analytics Predictive Analytics Insurance 72

FineReport

APRIL 26, 2023

With the right Big Data Tools and techniques, organizations can leverage Big Data to gain valuable insights that can inform business decisions and drive growth. What is Big Data? What is Big Data? It is an ever-expanding collection of diverse and complex data that is growing exponentially.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Smart Data Collective

MAY 3, 2022

Data analytics technology is helping businesses boost profitability in many ways. A few years ago, Walter Baker and his colleagues at McKinsey reported that one of the biggest advantages of big data in business is that it can help with pricing decisions. How Can Data Analytics Help with Creating a Pricing Strategy?

Data Analytics 89

Data Analytics Analytics Big Data Sales 89

CIO Business Intelligence

JULY 5, 2022

What are the benefits of business analytics? What is the difference between business analytics and data analytics? Business analytics is a subset of data analytics. Descriptive analytics uses historical and current data to describe the organization’s present state by identifying trends and patterns.

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

Jedox

FEBRUARY 13, 2020

Jedox uses the data hub of its EPM software platform for AI applications. Pilot customers report their successful use of the Jedox AI engine. In the Digital Age, data-based decisions are becoming increasingly important for business. Data management and data integration as the basis for advanced analytics.

Forecasting 58

Forecasting Predictive Analytics Sales Data Integration 58

datapine

MARCH 31, 2022

Being able to clearly see how the data changes in time is what makes it possible to extract relevant conclusions from it. For this purpose, you should be able to differentiate between various charts and report types as well as understand when and how to use them to benefit the BI process.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

FineReport

MARCH 24, 2024

Rapid technological advancements and extensive networking have propelled the evolution of data analytics, fundamentally reshaping decision-making practices across various sectors. In this landscape, data analysts assume a pivotal role, tasked with interpreting data to drive informed decision-making.

Statistics 52

Statistics Data mining Visualization Reporting 52

Smart Data Collective

JULY 2, 2019

Other researchers around the world are also talking about the role of data analytics in this dynamic, growing field. Global Experts Weigh in On Renewable Energy Dependence on Big Data. We have heard experts all over the world talk about the benefits of big data in renewable energy. Here are some of their findings.

Data Analytics 76

Data Analytics Internet of Things Analytics Big Data 76

Cloudera

JANUARY 5, 2021

In today’s retail environment, retailers realize that building demand forecasts simply based upon historical transaction, promo, and pricing data alone is not good enough. Data today has a shelf life much like produce and needs to be updated in real-time to be relevant. Including new data sources like demand signals (e.g.

Forecasting 92

Forecasting Cost-Benefit Sales Unstructured Data 92

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 101

Big Data IoT Cost-Benefit Advertising 101

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.

Big Data 111

Big Data Management Finance Data-driven 111

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 101

Business Intelligence Predictive Analytics Data Collection Internet of Things 101

datapine

OCTOBER 21, 2020

Big data has changed the way we manage, analyze, and leverage data across industries. One of the most notable areas where data analytics is making big changes is healthcare. The application of big data analytics in healthcare has a lot of positive and also life-saving outcomes. 3) Real-Time Alerting.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Smart Data Collective

JULY 24, 2023

Analytics technology has been a huge gamechanger for the sports industry. Fortune Business Insights reports that the sports industry spent $2.98 billion on analytics last year. Nabil M Abbas of Towards Data Science talked about one of the most interesting ways that data analytics is changing the NBA.

Analytics Technologies 79

Analytics Technologies Marketing Technology Analytics 79

IBM Big Data Hub

MAY 17, 2024

AI models analyze vast amounts of data quickly and accurately. They can provide valuable insights and forecasts to inform organizational decision-making in omnichannel commerce, enabling businesses to make more informed and data-driven decisions. Today the technology’s advanced capabilities encourage widespread adoption.

B2B 65

B2B Interactive Optimization Forecasting 65

CIO Business Intelligence

DECEMBER 1, 2022

To date the company has moved 5,000 applications to Microsoft Azure as it applies predictive analytics , AI, robotics, and process automation in many of its business operations. The company is also refining its data analytics operations, and it is deploying advanced manufacturing using IoT devices, as well as AI-enhanced robotics.

Digital Transformation 144

Digital Transformation IoT Data-driven KPI 144

Smarten

MARCH 13, 2018

That may seem like a tall order but with the right business intelligence software, you can provide predictive analytics for business users, including assisted predictive modeling that walks users through the analytical process and allows them to achieve the best results without a sophisticated knowledge of data analytical techniques.

Predictive Modeling 40

Predictive Modeling Modeling Analytics Predictive Analytics 40

Smart Data Collective

JANUARY 21, 2021

A growing number of solar energy companies are using new advances in data analytics and machine learning to increase the value of their products. A little over a year ago, Entrepreneur.com published an article on this topic titled Big Data and Solar Energy Are a Match Made in Heaven. “This is where big data comes in.

Big Data 131

Big Data Cost-Benefit Data-driven Machine Learning 131

Smart Data Collective

APRIL 7, 2022

There are many reasons that data analytics and data mining are vital aspects of modern e-commerce strategies. These benefits include the following: You can use data analytics to better understand the preferences of your users and provide personalized product recommendations.

B2B 106

B2B Sales Big Data Cost-Benefit 106

Smart Data Collective

AUGUST 30, 2020

In fact, the use of real estate data has entirely replaced gut decisions with metric-driven practices. Investors can now make decisions that are grounded in data rather than vague and untested strategies.”. From a macro perspective, certain analytics tools can help investors determine who tenants will be in the coming years.

Big Data 113

Big Data Risk Data-driven Marketing 113

Smart Data Collective

APRIL 21, 2022

Big data doesn’t just look at the stock market, it is used across the globe to analyze all sorts of things, from jet engines to social media activity. Oracle has a report on how predictive analytics helps make these forecasts.

Big Data 97

Big Data Finance Marketing Optimization 97

FineReport

APRIL 9, 2024

By harnessing the power of healthcare data analysis , organizations can extract valuable insights from complex datasets, ultimately leading to improved healthcare outcomes and operational efficiency. The integration of clinical data analysis tools empowers healthcare providers to leverage predictive analytics for proactive decision-making.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

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.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

datapine

JUNE 5, 2019

Online dashboards provide immediate navigable access to actionable analytics that has the power to boost your bottom line through continual commercial evolution. Digital dashboards have essentially quashed the necessity to sift through multiple reporting tools ; instead, they access dynamic insights – often in real-time.

Dashboards 316

Dashboards KPI Sales Visualization 316

DataKitchen

DECEMBER 9, 2022

ChatGPT> DataOps, or data operations, is a set of practices and technologies that organizations use to improve the speed, quality, and reliability of their data analytics processes. Overall, DataOps is an essential component of modern data-driven organizations. Query> DataOps. Query> Write an essay on DataOps.

Machine Learning 130

Machine Learning Data-driven Optimization Modeling 130

datapine

JANUARY 21, 2020

Big data plays a crucial role in online data analysis , business information, and intelligent reporting. Companies must adjust to the ambiguity of data, and act accordingly. So, what is BI reporting advancing in a business? Let’s get started by asking the question “ What is business intelligence reporting?”.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

BizAcuity

FEBRUARY 15, 2019

Sales Analytics in simple terms can be defined as the process used to identify, understand, predict and model sales trends and sales results and in this process of understanding of these trends helps its users in finding improvement points. Image Source: [link]. Image Source: [link].

Sales 67

Sales Analytics B2B ROI 67

IBM Big Data Hub

NOVEMBER 30, 2023

Leverage data and analytics By leveraging data-driven insights, organizations can make informed decisions, optimize the recruitment processes and improve the overall quality of hires. This helps anticipate hiring needs and proactively source and attract the best candidates in advance.

Strategy 62

Strategy Cost-Benefit Consulting Data-driven 62

Jedox

JULY 31, 2018

Now, we will take a deeper look into AI, Machine learning and other trending technologies and the evolution of data analytics from descriptive to prescriptive. Analytic Evolution in Enterprise Performance Management. Predictive analytics is one aspect of advanced analytics that will be key in driving efficiency and innovation.

Technology 44

Technology Prescriptive Analytics Machine Learning Business Intelligence 44

IBM Big Data Hub

FEBRUARY 14, 2024

Maintenance schedules can use AI-powered predictive analytics to create greater efficiencies. See what’s ahead AI can assist with forecasting. For example, a supply-chain function can use algorithms to predict future needs and the time products need to be shipped for timely arrival.

Cost-Benefit 83

Cost-Benefit Insurance Unstructured Data Machine Learning 83

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

datapine

MARCH 25, 2022

Well, what if you do care about the difference between business intelligence and data analytics? The most straightforward and useful difference between business intelligence and data analytics boils down to two factors: What direction in time are we facing; the past or the future?

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

BizAcuity

MARCH 31, 2022

Combined, it has come to a point where data analytics is your safety net first, and business driver second. Gaming companies use AI for segmenting players and predicting churn rates in order to retain them through effective campaigns. The aim of predictive analytics is, as the name suggests, to predict and forecast outcomes.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 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

Jet Global

JUNE 18, 2019

From social networks to inventory management tools to internet-connected devices (the Internet of Things), data that will help businesses better understand their employees, customers, inventory, and processes are being generated at an exponentially faster rate every day. According to DOMO’s annual report on data generation , over 2.5

Big Data 75

Big Data Software Data Analytics Analytics 75