Smart Data Collective

FEBRUARY 15, 2022

Data analytics has become a very important part of business management. Large corporations all over the world have discovered the wonders of using big data to develop a competitive edge in an increasingly competitive global market. American Express is an example of a company that has used big data to improve its business model.

Marketing 103

Marketing Data Analytics Analytics Big Data 103

CIO Business Intelligence

APRIL 11, 2023

Over the next five years, the healthcare industry is expected to go through dramatic changes as service providers expand value-based care models and equipment manufacturers strive to keep pace in a digital-first world. A lot of companies today are investing more in data analytics and business intelligence.

Modeling 98

Modeling IT Strategy Uncertainty 98

Smart Data Collective

MAY 18, 2022

Data analytics is an invaluable part of the modern product development process. Companies are using big data for a variety of purposes. Advances in data analytics have raised the bar with QA standards. Companies need to invest in higher quality data analytics solutions to make the most of their QA methodologies.

Testing 108

Testing Data Analytics Analytics Big Data 108

Smart Data Collective

NOVEMBER 29, 2021

Data analytics has become a very important element of success for modern businesses. Many business owners have discovered the wonders of using big data for a variety of common purposes, such as identifying ways to cut costs, improve their SEO strategies with data-driven methodologies and even optimize their human resources models.

Data Analytics 112

Data Analytics Analytics Big Data B2B 112

Smart Data Collective

FEBRUARY 21, 2021

Data analytics is very important to the future of marketing. A growing number of marketers are using data analytics technology to optimize their lead generation models. One of the most important benefits of using data analytics is that it can improve AI algorithms. Are they responsive or not?

Strategy 99

Strategy Data Analytics Analytics Data-driven 99

IBM Big Data Hub

NOVEMBER 29, 2023

In 2023, the IBM® Institute for Business Value (IBV) surveyed 2,500 global executives and found that best-in-class companies are reaping a 13% ROI from their AI projects—more than twice the average ROI of 5.9%. Stream analytics can be used to help improve the speed and accuracy of models’ predictions.

Unstructured Data 92

Unstructured Data Data-driven ROI Machine Learning 92

Smart Data Collective

JANUARY 11, 2023

billion on big data marketing in 2020 and this figure is likely to grow further in the years to come. Some of the case studies on the benefits of data-driven marketing are quite promising. One tourist company utilized data analytics to boost website conversions by 40%. Use AI and Data Analytics for Video Marketing.

Data-driven 100

Data-driven Marketing Advertising Big Data 100

CIO Business Intelligence

MAY 9, 2024

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. And they should have a proficiency in data science and analytics to effectively leverage data-driven insights and develop AI models.

Risk Management 133

Risk Management Risk Cost-Benefit Technology 133

Cloudera

OCTOBER 30, 2023

The public cloud is increasingly becoming the preferred platform to host data analytics – related projects, such as business intelligence, machine learning (ML), and AI applications. The FinOps framework is helping organizations to obtain the best ROI for their cloud transformation.

Analytics 75

Analytics Cost-Benefit ROI Business Objectives 75

bridgei2i

JUNE 25, 2020

Digital Engagement of Employees in the Post-Pandemic Era and New Data/ Analytics Data Opportunities. Major themes in Digital Employee Engagement and opportunities created by new data/analytics. Companies could use data to understand employee behaviour and build contextualized responses.

Data Analytics 52

Data Analytics Analytics ROI Risk 52

O'Reilly on Data

MARCH 31, 2020

Instead of writing code with hard-coded algorithms and rules that always behave in a predictable manner, ML engineers collect a large number of examples of input and output pairs and use them as training data for their models. The model is produced by code, but it isn’t code; it’s an artifact of the code and the training data.

Management 332

Management Machine Learning Experimentation Metrics 332

Smart Data Collective

DECEMBER 22, 2021

There are a lot of benefits of utilizing data technology, such as improving financial reporting, forecasting marketing trends and efficient human resource allocation. It is crucial to business growth , as companies transition to more digital business models. Big Data Technology Has Become a Nontrivial Element of Modern Business.

Big Data 138

Big Data Forecasting Data-driven ROI 138

Corinium

JUNE 6, 2019

In summary, Insurance carriers and brokers will need to ensure a sound data foundation and a smart use of the cloud to harness the value of the large amounts of disparate types of data. Analytics is a powerful capability enabler to help Insurers transform their operations and services. It is fast and slow.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

JUNE 21, 2022

federal government, HPC is being used to accelerate basic science, develop therapeutics and other treatments for COVID-19, perform military applications such as simulations, handle climate and weather modeling, and a myriad of other tasks in diverse agencies. . Big data analytics is being used to uncover crimes. Within the U.S.

Deep Learning 94

Deep Learning Big Data ROI Software 94

Smart Data Collective

FEBRUARY 22, 2022

Big data has been changing the state of business for years. More companies than ever are shifting towards digital business models. They are finding new ways to leverage data analytics and AI technology to maximize their ROI. Fortunately, new e-commerce companies are in a good position to benefit from data.

Data-driven 130

Data-driven Metrics Sales Big Data 130

Smart Data Collective

JANUARY 5, 2021

These are all great reasons to use big data in marketing. Modeling your sales funnel so you can better target and nurture leads at each layer is critical to increasing your conversion rate. But for accurate modeling, you need lots of reliable data. The second key area impacted by social data is your messaging.

B2B 127

B2B Sales Marketing Big Data 127

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Transitioning to Business Value .

Cost-Benefit 96

Cost-Benefit Business Objectives ROI Risk 96

CIO Business Intelligence

DECEMBER 1, 2022

Tapped to guide the company’s digital journey, as she had for firms such as P&G and Adidas, Kanioura has roughly 1,000 data engineers, software engineers, and data scientists working on a “human-centered model” to transform PepsiCo into a next-generation company. But there is more room to go. billion in revenue.

Digital Transformation 123

Digital Transformation IoT Data-driven KPI 123

Smarten

JUNE 8, 2023

Today’s business intelligence solutions provide mobile support for business users in an easy-to-use, self-serve environment, so every team member can participate in data analytics and use that data to perform their role and to make confident decisions.

Optimization 67

Optimization Enterprise Business Intelligence Predictive Modeling 67

Smart Data Collective

AUGUST 19, 2023

Big data technology has significantly improved the ROI of modern marketing strategies. There are many ways that brands can use AI and data analytics to expand their reach, which includes using Roblox games. Back in February, we talked about some of the ways that data analytics has shaped the gaming industry.

Data-driven 57

Data-driven Interactive Recreation/Entertainment Big Data 57

CIO Business Intelligence

SEPTEMBER 10, 2022

Like many insights-driven organizations, the United States Patent and Trademark Office (USPTO) leverages data analytics and technologies such as AI and machine learning (ML) to increase the efficiency and performance of its operations and to improve the quality of systems and processes.

Data-driven 104

Data-driven Machine Learning ROI Modeling 104

Decision Management Solutions

MARCH 16, 2021

If you are working in data science, you may be frustrated with the progress and ROI of your data science and artificial intelligence projects. We have found that decision modeling is the best way to focus (or refocus) projects. Before all else, it’s critical to model the decision the data science is intended to improve.

Data Science 59

Data Science ROI Machine Learning Modeling 59

Smart Data Collective

JUNE 3, 2021

The market for data analytics in the insurance sector is projected to be worth nearly $22.5 Many of the applications of big data for insurance companies will be realized with machine learning technology. Claims management : Data analytics and machine learning are particularly helpful with insurance claims management.

Insurance 98

Insurance Machine Learning Cost-Benefit Risk 98

BizAcuity

APRIL 25, 2022

The casino operators are expected to face known challenges of rising competition, decreasing ROI, and a high churn rate. ROI is sacrosanct for a casino business. No ROI, no investment. Casinos have to continuously work on the game mix such that they are able to generate ROI while managing player win expectations.

Marketing 52

Marketing Strategy ROI Digital Transformation 52

Smart Data Collective

JULY 28, 2021

The supply-chain analytics market is projected to be worth over $16.8 This is largely due to the benefits of using data analytics to improve automation in merchandise distribution. As a retailer or manufacturer selling via e-commerce platforms, you already know the importance of using big data to improve automation.

Data-driven 134

Data-driven Big Data Manufacturing ROI 134

Smart Data Collective

DECEMBER 13, 2021

Big data has become a highly invaluable aspect of modern business. More companies are using sophisticated data analytics and AI tools to overhaul their business models. Some industries have become more dependent on big data than others. Use data to strengthen brand identity.

Data-driven 136

Data-driven Marketing Strategy Big Data 136

Cloudera

FEBRUARY 8, 2021

A successful next-generation architecture must embody key characteristics including embedded intelligent edge computing, a secure and reliable embedded edge operating system, the ability to provide dynamic over-the-air updates, and an enterprise level advanced analytics and machine learning platform. In summary, this is an exciting time.

Machine Learning 106

Machine Learning Manufacturing Unstructured Data Modeling 106

Smart Data Collective

NOVEMBER 18, 2021

You will be able to use data analytics to evaluate the conversion rates on your lead opt-in pages, determine the average value of various leads acquired through different channels and compare those figures against the cost of lead acquisition. A data-driven approach to lead generation can help you get the highest possible ROI from it.

Data Strategy 128

Data Strategy B2B Strategy Big Data 128

Smart Data Collective

JUNE 15, 2022

By observing how different techniques function in real-time, data analysis may assist support diverse product placement methods. Data analytics allow you to see which of your web marketing initiatives are working and which aren’t. Location Data is Helping Retailers Improve their Competitive Edge.

Advertising 98

Advertising Cost-Benefit ROI Sales 98

CIO Business Intelligence

JANUARY 4, 2023

It’s a tall order, and one that will hinge on a few factors: Accelerator deployment and management at scale Changes to power and cooling design decisions at very large scale Open-source deployment of high-performance clusters to run simulation, AI, and data analytics workloads What’s New and Growing Among HPC Users?

Cost-Benefit 59

Cost-Benefit Machine Learning Modeling Uncertainty 59

Smart Data Collective

FEBRUARY 4, 2021

Focus on your existing customers by using data analytics to understand them. Big data has made it a lot easier to reach existing customers more effectively. You can use data analytics tools to mine information about them and tailor your marketing strategies to improve your customer retention strategy.

Data-driven 68

Data-driven Marketing Strategy Big Data 68

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 137

Marketing Big Data Data-driven Sales 137

Cloudera

JANUARY 5, 2021

To enable these business capabilities requires an enterprise data platform to process streaming data at high volume and high scale, to manage and monitor diverse edge applications, and provide data scientists with tools to build, test, refine and deploy predictive machine learning models. .

Forecasting 90

Forecasting Cost-Benefit Sales Unstructured Data 90

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 Data-driven ROI 52

Smart Data Collective

SEPTEMBER 4, 2020

Big data is becoming increasingly important in business decision-making. The market for data analytics applications and solutions is expected to reach $105 billion by 2027. However, big data technology is only a viable tool for business decision-making if it is utilized appropriately.

Data-driven 87

Data-driven Big Data Metrics Strategy 87

Smart Data Collective

SEPTEMBER 1, 2021

However, it is becoming abundantly clear that big data technology is also rapidly transforming many traditional marketing practices as well. There are a lot of companies that are looking for ways to use data analytics to improve their performance with everything from event marketing to direct mail outreach.

Data-driven 110

Data-driven Advertising Big Data Cost-Benefit 110

erwin

AUGUST 13, 2020

managing risk vs ROI and emerging countries)? data protection, personal and sensitive data, tax issues and sustainability/carbon emissions)? Data Overload : How do we find and convert the right data to knowledge (e.g., big data, analytics and insights)? M&A, new markets, products and businesses).

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143