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. IoT Sensors generate IoT data.

Big Data 101

Big Data IoT Cost-Benefit Advertising 101

CIO Business Intelligence

DECEMBER 11, 2023

Going even further, some of the most progressive finance teams are incorporating sensor-based IoT data from plants, factories, and even trucking fleets to prioritize capital expenditures. Learn more about how EXL can put generative AI to work for your business here.

Finance 104

Finance Forecasting IoT Predictive Modeling 104

Cloudera

AUGUST 4, 2021

In fact, McKinsey points to a 50% reduction in downtime and a 40% reduction in maintenance costs when using IoT and data analytics to predict and prevent breakdowns. Navistar relies on predictive maintenance, which leverages IoT and data analytics to predict and prevent breakdowns of commercial trucks and school buses. “We

IoT 98

IoT Unstructured Data Machine Learning Predictive Modeling 98

Cloudera

SEPTEMBER 22, 2022

To me, this means that by applying more data, analytics, and machine learning to reduce manual efforts helps you work smarter. According to a recent McKinsey report , digitized underwriting can improve loss ratios three to five points. It’s not easy, but it can be done in pragmatic steps to yield results.

Analytics 105

Analytics Insurance IoT Risk 105

bridgei2i

FEBRUARY 21, 2020

In fact, statistics from Maryville University on Business Data Analytics predict that the US market will be valued at more than $95 billion by the end of this year. With that in mind, here are the latest growth drivers, trends, and developments that will likely shape the world of business data analytics in 2020: 1.

IoT 83

IoT Analytics Deep Learning B2B 83

CIO Business Intelligence

DECEMBER 1, 2022

The company is also refining its data analytics operations, and it is deploying advanced manufacturing using IoT devices, as well as AI-enhanced robotics. One HR employee took some courses in data analytics and found a new job within the company helping to advance digital transformation. “I billion in revenue.

Digital Transformation 144

Digital Transformation IoT Data-driven KPI 144

Smart Data Collective

FEBRUARY 28, 2021

But at the same time, it’s easy to see why many companies, especially small ones, would be reluctant to implement business analytics tools. There’s an upfront cost for integrating data analytics into a company, and it may not always seem worth it. Then you can make changes targeted at convincing employees to stick around.

Business Analytics 100

Business Analytics Analytics Internet of Things IoT 100

Smart Data Collective

MARCH 29, 2021

Such technologies include Digital Twin tools, Internet of Things, predictive maintenance, Big Data, and artificial intelligence. Although most of these have only emerged during the past decade, organizations that adopted them earlier have reported impressive benefits. Additionally, data collection becomes a costly process.

Big Data 137

Big Data Management Cost-Benefit Internet of Things 137

Sisense

MARCH 14, 2021

However, when investigating big data from the perspective of computer science research, we happily discover much clearer use of this cluster of confusing concepts. As we move from right to left in the diagram, from big data to BI, we notice that unstructured data transforms into structured data.

Big Data 52

Big Data IoT Data Warehouse Data-driven 52

CIO Business Intelligence

JANUARY 24, 2024

Building a successful data strategy at scale goes beyond collecting and analyzing data,” says Ryan Swann, chief data analytics officer at financial services firm Vanguard. What’s the point of investing time and money on a strategy that lacks focus?

Data Strategy 135

Data Strategy Strategy Unstructured Data Data Governance 135

CIO Business Intelligence

JANUARY 12, 2023

In last year’s Digitization of African Agriculture report, which the ACP compiles, it details how 33 million small-scale farmers and pastoralists registered with Digital for Agriculture (D4Ag) solutions across the continent in 2019, adding that it’s expected to rise to 200 million by 2030.

IoT 143

IoT Consulting Internet of Things Technology 143

CIO Business Intelligence

DECEMBER 6, 2023

We collect lots of sensor data on machine performance, vibration data, temperature data, chemical data, and we like to have performative combinations of those datasets,” Dickson says. Energy optimization is another key aspect of DS Smith’s data and sustainability pipeline, the CIO says.

Manufacturing 97

Manufacturing Data Lake Digital Transformation Machine Learning 97

CIO Business Intelligence

SEPTEMBER 12, 2022

Collectively, the agencies also have pilots up and running to test electric buses and IoT sensors scattered throughout the transportation system. IDC analyst Sandeep Mukunda says NJ Transit’s approach to data analytics has been very advanced. Lookman Fazal, chief information and digital officer, NJ Transit.

Data Warehouse 113

Data Warehouse Predictive Analytics Data Lake IoT 113

datapine

NOVEMBER 19, 2019

Social BI indicates the process of gathering, analyzing, publishing, and sharing data, reports, and information. This is done using interactive Business Intelligence and Analytics dashboards along with intuitive tools to improve data clarity. Analytical tools are used to achieve user understanding and comfort.

Business Intelligence 146

Business Intelligence Knowledge Discovery Dashboards Unstructured Data 146

CIO Business Intelligence

JANUARY 31, 2024

In response, regulators in Europe and the US are moving to require large users of AI to report on its environmental impact. For example, using ML to route IoT messages may be unwarranted; you can express the logic with a rules engine.” Data analytics lead Diego Cáceres urges caution about when to use AI.

Cost-Benefit 134

Cost-Benefit Modeling Testing IoT 134

CIO Business Intelligence

NOVEMBER 15, 2022

But released the next day, the 2023 Gartner CIO and Technology Executive Survey revealed that EMEA-based CIOs expect IT budgets to increase 4.4% on average over the next year, somewhat lower than the projected 6.5% global inflation rate.

Digital Transformation 143

Digital Transformation Experimentation Risk Metrics 143

CIO Business Intelligence

MAY 4, 2022

CoorsTek IT earned CIO 100 innovation awards in 2021 and 2022 for their use of advanced analytics in IoT and machine learning to connect production machinery at the company’s 25 manufacturing sites around the world and for a “model plant” integrated systems strategy.

Manufacturing 98

Manufacturing IoT Strategy Finance 98

Smart Data Collective

NOVEMBER 25, 2019

New Avenues of Data Discovery. New data-collection technologies , like internet of things (IoT) devices, are providing businesses with vast banks of minute-to-minute data unlike anything collected before. Natural Language Processing and Report Generation. The Growing BI Analyst Shortage.

Business Intelligence 101

Business Intelligence Predictive Analytics Data Collection Internet of Things 101

CIO Business Intelligence

AUGUST 9, 2023

Most CEOs (72%) continue to prioritize digital investments, according to the 2022 CEO Outlook report from KPMG, in part due to concerns about emerging and disruptive technology, a top three risk to organizational growth. Now, in 2023, companies are using analytics and intelligence capabilities as well as IoT and edge computing.

Digital Transformation 137

Digital Transformation Strategy Data-driven Consulting 137

CIO Business Intelligence

APRIL 25, 2022

Data engineers and data architects spend more time dealing with code, databases, and complex queries, whereas data analysts and data scientists typically focus on analyzing, collecting, and interpreting large datasets to help guide business decisions. The data analyst bootcamp is a seven-month, online, part-time course.

Data Science 145

Data Science Machine Learning Deep Learning Statistics 145

CIO Business Intelligence

OCTOBER 13, 2022

In comparison, a modernization strategy that shifts workloads from on-premises data centers to cloud can reduce energy consumption and associated carbon emissions by nearly 80% and is up to five times more efficient than the typical on-premises data center, a 451 Research/AWS report found.

IT 57

IT Cost-Benefit Internet of Things IoT 57

AWS Big Data

MARCH 13, 2024

The solution consists of the following interfaces: IoT or mobile application – A mobile application or an Internet of Things (IoT) device allows the tracking of a company vehicle while it is in use and transmits its current location securely to the data ingestion layer in AWS. The ingestion approach is not in scope of this post.

Analytics 95

Analytics IoT Metadata Internet of Things 95

Cloudera

MAY 12, 2021

This category is open to organizations that have tackled transformative business use cases by connecting multiple parts of the data lifecycle to enrich, report, serve, and predict. . DATA FOR ENTERPRISE AI. DATA FOR GOOD. A popular category last year, and no doubt this year too.

Digital Transformation 71

Digital Transformation Machine Learning Optimization Data Lake 71

Cloudera

AUGUST 27, 2020

To do this Manulife’s in-house data team built an Enterprise Data Lake (EDL) — a robust, enterprise-wide, data backend supporting digital connection, report automation, and AI & advanced analytics development. They wanted a holistic view of their customers, in order to provide better services.

Internet of Things 105

Internet of Things Data Lake Uncertainty IoT 105

bridgei2i

OCTOBER 8, 2021

The emergence of IoT, cloud computing, and big data analytics combined with AI tech has brought enterprises to a tipping point in their journey towards making AI real. View All Recognitions. AI For Digital Enterprises – Thought Leadership. They send real-time updates to farmers enabling large-scale water conservation.

Digital Transformation 52

Digital Transformation Contextual Data Consulting IoT 52

CIO Business Intelligence

APRIL 11, 2022

Andriole points to the fact that Gartner Group reports that up to 75% of ERP projects fail, with CRM not far behind, and digital transformation failing 70% of the time. Data Analytics – Speaking of data, the challenge is there is so much of it, rendering it difficult to extract value.

Digital Transformation 97

Digital Transformation Internet of Things Strategy IoT 97

Cloudera

JANUARY 14, 2021

They are armed with more knowledge than ever before, as a result, four strategic pillars have emerged that have resulted as leading retailers and brands have deployed a data-centric strategy enabling a customer-first approach. Reinventing Brick and Mortar is Delivering Fresh Customer Experiences.

Cost-Benefit 74

Cost-Benefit Digital Transformation Sales IoT 74

AWS Big Data

FEBRUARY 6, 2023

The Amazon EMR TCO report with the new Amazon EMR design can demonstrate the Amazon EMR migration with detailed cost saving and business benefits. Use case overview Migrating Hadoop workloads to Amazon EMR accelerates big data analytics modernization, increases productivity, and reduces operational cost.

Cost-Benefit 52

Cost-Benefit Data Lake Dashboards Big Data 52

Cloudera

JANUARY 19, 2018

Sean ascertains that larger data sets and increased access to compute power is propelling the adoption of machine learning. General Data Protection Regulation (GDPR) and Data Science. Kudu makes running real-time analytics easier than ever before and is foundational to a number of successful Cloudera IoT customers.

Machine Learning 46

Machine Learning IoT Big Data Insurance 46

Smart Data Collective

FEBRUARY 17, 2021

While there are a number of benefits of using data analytics in healthcare, there are also going to be some challenges. We talked about some of the biggest ways that big data can influence healthcare. There are a number of IoT applications in the healthcare sector , which have been gaining popularity in recent years.

Big Data 71

Big Data Software Marketing Snapshot 71

Smart Data Collective

AUGUST 14, 2019

By definition, big data in health IT applies to electronic datasets so vast and complex that they are nearly impossible to capture, manage, and process with common data management methods or traditional software/hardware. Big data analytics: solutions to the industry challenges. Big data storage.

Big Data 78

Big Data Data Analytics Analytics Internet of Things 78

BizAcuity

MARCH 31, 2022

Combined, it has come to a point where data analytics is your safety net first, and business driver second. Integrating IoT and route optimization are two other important places that use AI. Uncertain economic conditions. Intense competition at every level. And internet penetration is one of the main reasons behind all 3.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

datapine

NOVEMBER 19, 2019

Social BI indicates the process of gathering, analyzing, publishing, and sharing data, reports, and information. This is done using interactive Business Intelligence and Analytics dashboards along with intuitive tools to improve data clarity. Analytical tools are used to achieve user understanding and comfort.

Business Intelligence 20

Business Intelligence Knowledge Discovery Unstructured Data Software 20

CIO Business Intelligence

JUNE 29, 2022

Analytics is the means for discovering those insights, and doing it well requires the right tools for ingesting and preparing data, enriching and tagging it, building and sharing reports, and managing and protecting your data and insights. For many enterprises, Microsoft Azure has become a central hub for analytics.

Data Lake 113

Data Lake Analytics Data Warehouse Machine Learning 113

DataKitchen

JULY 27, 2023

Let’s go through the ten Azure data pipeline tools Azure Data Factory : This cloud-based data integration service allows you to create data-driven workflows for orchestrating and automating data movement and transformation. You can use it for big data analytics and machine learning workloads.

Machine Learning 130

Machine Learning Cost-Benefit Data Transformation Testing 130

CIO Business Intelligence

MAY 24, 2022

Defining and using single data points for multiple purposes. Building a semantic layer describing unified business and reporting definitions. Unlocking the value of data with in-depth advanced analytics, focusing on providing drill-through business insights. zettabytes of data.

Data-driven 98

Data-driven Data Lake Data Warehouse Cost-Benefit 98

CIO Business Intelligence

AUGUST 16, 2022

billion, according to a report by MarketsAndMarkets.com, and the infrastructure and architectural engineering and construction (AEC) industries are integral to this growth. By 2026, the global digital twin market is expected to reach $48.2

Visualization 145

Visualization Cost-Benefit IoT ROI 145