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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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Decision Making with Uncertainty Requires Wideward Thinking

Andrew White

COVID-19 and the related economic fallout has pushed organizations to extreme cost optimization decision making with uncertainty. As a result, Data, Analytics and AI are in even greater demand. In the realm of AI and Machine Leaning, data is used to train models to help explore specific business issues or questions.

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Novanta’s Sarah Betadam on transforming the IT model status quo

CIO Business Intelligence

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.

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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.

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What you need to know about product management for AI

O'Reilly on Data

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. Machine learning adds uncertainty. Models also become stale and outdated over time.

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Top Trends in Data and Analytics for 2021

Andrew White

The D&A trends for 2021 covered in this research can help organizations respond to change, uncertainty and the opportunities they bring over the next three years. To deal with unprecedented levels of business complexity and uncertainty, organizations must improve their ability to accelerate accurate and highly contextualized decisions.

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Rebooting expectations to connect and lead in more meaningful ways

CIO Business Intelligence

Seeing that remote working continues to be a pressing issue still finding its footing after nearly three years in beta testing, the work surrounding feasible solutions seems to compound as time goes on, with some intending a full return to office while others have forged the company future on remote models.