Remove Data Analytics Remove Modeling Remove Predictive Analytics Remove Uncertainty
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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

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. Companies which require immediate business funding are using data analytics tools to research and better understand their options.

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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. It is easier to do so with the use of data derived from predictive analytics.

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Leveraging Data Science To Grow And Manage Your Team

Smart Data Collective

When applied to the hiring process, data analytics can help you strategically grow and manage your team with greater accuracy and success. More companies are using big data to create a stronger company culture. Moreover, big data can also improve talent retention by 56% and better clarify skills gaps by 50%.

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How is the ‘Mesh’ Resolving Bottlenecks of Data Management

Smart Data Collective

More case studies are added every day and give a clear hint – data analytics are all set to change, again! . Data Management before the ‘Mesh’. In the early days, organizations used a central data warehouse to drive their data analytics. This is also true that decentralized data management is not new.

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A new wave of innovation is coming from Industry 4.0 in the years ahead: AVEVA

CIO Business Intelligence

Disruption and uncertainties will keep going for the following years, and being agile and resilient needs to become part of t the manufacturer’s DNA. This comes with building up data analytic capabilities, but it’s not necessarily about having an army of data scientists.

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Crisis Creates New Opportunities for Data-Driven Businesses

Sisense

Organizations are leaning on data and insights to navigate a new path forward as they deal with the crisis, but also as they reset their businesses. Analytics are essential in a crisis. Uncertainty often surfaces new opportunities as business leaders are forced to consider changes around key parts of the business.

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Disrupt and Innovate in a Data-Driven World

Cloudera

If you do an internet search for ‘data-driven disruption’ you can find articles about almost every industry being disrupted by digitalisation and new applications of data. While there are instances of data-driven efforts in the nonprofit sector, they are not as widespread as they can be.