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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

It helps companies operate more efficiently, tap larger markets of customers, and solve some of their most complex challenges. 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. This is true in any economy.

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Why Construction Businesses Should Track KPIs to Conquer Economic Uncertainty

Jet Global

However, the construction industry includes a plethora of non-financial data points to track – are projects being delivered on time? How deeply will projects be impacted by market instability, skills shortages, and supply chain delays? Globally, construction is projected to grow substantially. trillion worldwide by 2030.

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7 Ways Small Businesses Use Data Analytics for Expense Tracking

Smart Data Collective

Big Data is Vital to the Survival of Countless Businesses. With increasing uncertainty and evolving consumer demand, running a business seems like an enormous challenge. While some owners are leveraging AI-enabled systems to predict demand, others try to increase their market share. Integrate Digital Tools. Be Smart about Debt!

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Managing Seasonal Fluctuations in Retail with Analytics

Smart Data Collective

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. There are a number of huge benefits of using data analytics to identify seasonal trends.

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Unlocking IT cost savings with IBM Cloud Pak for Data

IBM Big Data Hub

With COVID-19 and the current market uncertainty, every business leader is under unprecedented pressure to cut their expenses while still ensuring business continuity - no one, more so than the CIO.

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insightsoftware Launches Angles Professional for Oracle to Automate Recurring Operational Reports at the Gartner Data & Analytics Summit 2023

Jet Global

Often, teams are held back by the limitations of existing enterprise resource planning (ERP) systems reports, which require support from IT to customize, or they rely on business intelligence (BI) and analytics tools, which do not provide users a no-code experience to build reports and visualizations with drill-down.

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Move From Insight To Impact: Data Strategy & Insights 2020

Srividya Sridharan

And data, analytics, and AI are going to drive this future. These capabilities are becoming more crucial to stay ahead of uncertainty and change and get smarter about every aspect of your business: your customers, your suppliers and partners, your competitors, your employees, your processes, your operations, and your markets.