Smart Data Collective

NOVEMBER 17, 2021

Data analytics has become a crucial element of the financial industry. Financial institutions such as mutual funds and insurance companies are using big data to improve their operations. The market for financial analytics services is expected to be worth $14 billion by 2026.

Analytics 111

Analytics Big Data Data-driven ROI 111

Smart Data Collective

FEBRUARY 20, 2022

One survey published on CIO found that less than a third of companies have reported that big data has buy-in from top executives. If you are running a business that has not yet adapted a data strategy, you should keep reading. You will get a better sense of the reasons that you should make investing in big data a top priority.

Big Data 111

Big Data Management Finance Data-driven 111

datapine

OCTOBER 11, 2023

3) Top 15 Warehouse KPIs Examples 4) Warehouse KPI Dashboard Template The use of big data and analytics technologies has become increasingly popular across industries. Every day, more and more businesses realize the value of analyzing their own performance to boost strategies and achieve their goals.

Metrics 217

Metrics KPI Management Cost-Benefit 217

CIO Business Intelligence

DECEMBER 1, 2022

Kanioura, who was hired away from Accenture two years ago to serve as the food and beverage multinational’s first chief strategy and transformation officer, says earning employee trust was one of her greatest challenges in those early months. But there is more room to go.

Digital Transformation 144

Digital Transformation IoT Data-driven KPI 144

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 133

Data-driven Big Data Manufacturing ROI 133

Smart Data Collective

MARCH 30, 2022

While there is no debating the huge benefits that analytics technology brings to the ecommerce sector , many experts are pondering what those actual benefits are. New ecommerce startups are discovering interesting ways to utilize analytics. Those that have a solid strategy predicated on it will have a higher ROI.

Analytics 114

Analytics Cost-Benefit Testing Dashboards 114

datapine

MARCH 15, 2019

At present, 53% of businesses are in the process of adopting big data analytics as part of their core business strategy – and it’s no coincidence. To win on today’s information-rich digital battlefield, turning insight into action is a must, and online data analysis tools are the very vessel for doing so.

Technology 143

Technology Cost-Benefit KPI Dashboards 143

BizAcuity

MAY 16, 2022

We get critical business insights based on how well we leverage our business data. Such insights can be excellent fuel to marketing strategy, analytics, and campaign optimization. All of which can be used to increase profitability, gain better ROIs, and be better adapted to changing economic landscape and consumer behavior.

Business Intelligence 52

Business Intelligence Data mining Visualization Data Lake 52

BizAcuity

FEBRUARY 15, 2019

With more and more information became readily available online in the mid 2000s, companies started taking advantage of it by leveraging big data analytics. Some businesses in 2003 started using predictive analytics generating an average Return on Investment or ROI of 145% as per the study that was undertaken by IDC.

Sales 67

Sales Analytics ROI B2B 67

datapine

NOVEMBER 5, 2019

Studies suggest that businesses that adopt a data-driven marketing strategy are likely to gain an edge over the competition and in turn, increase profitability. In fact, according to eMarketer, 40% of executives surveyed in a study focused on data-driven marketing, expect to “significantly increase” revenue. Return on Equity.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Cost-Benefit 87

Cost-Benefit Insurance Unstructured Data Machine Learning 87

Alation

MARCH 21, 2023

As an industry with tight margins, travel and tourism companies can use analytics to detect trends that help them reduce costs, decide future product and service offerings, and develop successful business strategies. Why is data analytics important for travel organizations? Travel can be stressful and emotionally fraught.

Data Analytics 52

Data Analytics Analytics Data-driven Big Data 52

CIO Business Intelligence

APRIL 22, 2024

“But we took a step back and asked, ‘What if we put in the software we think is ideal, that integrates with other systems, and then automate from beginning to end, and have reporting in real-time and predictive analytics?’” Historically business puts strategies together and the enabling functions come behind that.

IT 126

IT Data-driven Strategy Consulting 126

datapine

JANUARY 21, 2020

Enhancing the recruitment process with HR analytics tools can bring dynamic data under the umbrella of BI reporting, making feedbacks, interviews, applicants’ experience and staffing analysis easier to process and derive solutions. Utilization of real-time and historical data. Operational optimization and forecasting.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

datapine

APRIL 22, 2020

“Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway.” – Geoffrey Moore. And, as a business, if you use your data wisely, you stand to reap great rewards. Data brings a wealth of invaluable insights that could significantly boost the growth and evolution of your business.

Dashboards 189

Dashboards Key Performance Indicator Visualization Cost-Benefit 189

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. What do you recommend to organizations to harness this but also show a solid ROI?

Insurance 150

Insurance Risk IoT Cost-Benefit 150

datapine

JANUARY 31, 2022

Because things are changing and becoming more competitive in every sector of business, the benefits of business intelligence and proper use of data analytics are key to outperforming the competition. Experts say that BI and data analytics makes the decision-making process 5x times faster for businesses.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Rocket-Powered Data Science

OCTOBER 6, 2023

Using the same statistical terminology, the conditional probability P(Y|X) (the probability of Y occurring, given the presence of precondition X) is an expression of predictive analytics. By exploring and analyzing the business data, analysts and data scientists can search for and uncover such predictive relationships.

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

Smart Data Collective

OCTOBER 13, 2021

If we talk about Big Data, data visualization is crucial to more successfully drive high-level decision making. Big Data analytics has immense potential to help companies in decision making and position the company for a realistic future. There is little use for data analytics without the right visualization tool.

Visualization 135

Visualization Cost-Benefit Big Data Prescriptive Analytics 135

Andrew White

JANUARY 11, 2021

Do you recommend a consulting approach strategy rather than a CDO strategy? How do you think Technology Business Management plays into this strategy? Where does the Data Architect role fits in the Operational Model ? Assuming a data architect helps model and guide and assist D&A then they play a key role.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Alation

MAY 2, 2023

Hospitality organizations use data analytics to unlock insights, improve operations, and maximize profits. Leveraging analytics enables companies in this space to achieve financial and operational efficiencies while delivering personalized services and offerings. What is data analytics in the hospitality industry?

Data Analytics 52

Data Analytics Analytics ROI Data Governance 52

Alation

MAY 2, 2023

Hospitality organizations use data analytics to unlock insights, improve operations, and maximize profits. Leveraging analytics enables companies in this space to achieve financial and operational efficiencies while delivering personalized services and offerings. What is data analytics in the hospitality industry?

Data Analytics 40

Data Analytics Analytics ROI Data Governance 40

FineReport

APRIL 3, 2024

By visually representing data through charts, graphs, and maps, they foster collaboration and knowledge sharing among stakeholders. Integrated with diverse data sources, they empower users to analyze data directly within the dashboard interface, democratizing data analytics for both technical and non-technical users.

Dashboards 52

Dashboards Visualization Metrics Interactive 52

Alation

JANUARY 27, 2022

How do businesses transform raw data into competitive insights? Data analytics. Modern businesses are increasingly leveraging analytics for a range of use cases. Analytics can help a business improve customer relationships, optimize advertising campaigns, develop new products, and much more. What is Data Analytics?

Data Governance 52

Data Governance Analytics Cost-Benefit Data-driven 52

DataRobot

DECEMBER 8, 2021

Companies are always looking for better strategies for reaching customers—to deliver better services, products, and value. But many struggle to turn the data they collect into true, actionable insights that can increase ROI. If data shows that a customer is engaged, then AI can suggest the next best action to take with them.

Customer Analytics 97

Customer Analytics Analytics Data-driven Advertising 97

Smarten

JUNE 22, 2022

Technology research and consulting firm, Gartner, predicts that, ‘By 2023, data literacy will become an explicit and necessary driver of business value, demonstrated by its formal inclusion in over 80% of data and analytics strategies and change management programs.’.

Slice and Dice 76

Slice and Dice Digital Transformation Business Intelligence Predictive Modeling 76

Jet Global

MAY 1, 2023

You might price embedded analytics as an independent add-on, or you might upsell customers to a plan that includes analytics. Other money-making strategies include adding users in a per-seat structure or achieving price dominance in the market due. The formula looks like this: ($750k / $250k) = 3, so the ROI is 200 percent.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52