Smart Data Collective

OCTOBER 16, 2023

This information, dubbed Big Data, has grown too large and complex for typical data processing methods. Companies want to use Big Data to improve customer service, increase profit, cut expenses, and upgrade existing processes. The influence of Big Data on business is enormous. Where does big data come from?

Big Data 103

Big Data IoT Cost-Benefit Advertising 103

Smart Data Collective

MARCH 8, 2021

According to a forecast by IDC and Seagate Technology, the global data sphere will grow more than fivefold in the next seven years. The total amount of new data will increase to 175 zettabytes by 2025 , up from 33 zettabytes in 2018. This ever-growing volume of information has given rise to the concept of big data.

Big Data 143

Big Data Management Predictive Analytics Statistics 143

Cloudera

JANUARY 20, 2021

Most of what is written though has to do with the enabling technology platforms (cloud or edge or point solutions like data warehouses) or use cases that are driving these benefits (predictive analytics applied to preventive maintenance, financial institution’s fraud detection, or predictive health monitoring as examples) not the underlying data.

Digital Transformation 107

Digital Transformation Manufacturing Data Warehouse Predictive Analytics 107

Smart Data Collective

NOVEMBER 25, 2019

More and more often, businesses are using data to drive their decisions — which makes cutting-edge analytics and business intelligence strategies one of the best advantages a company can have. New Avenues of Data Discovery. AI-Powered Big Data Technology. Predictive Business Analytics.

Business Intelligence 102

Business Intelligence Predictive Analytics Data Collection Internet of Things 102

Jet Global

MAY 21, 2020

This is because their budgets are not just based on historical data. Projected student enrollment, grade performance, alumni donations, and scholarships can influence the forecast for the fiscal year’s budget. To be effective, decisions must be data driven. The Changing Landscape of Budget Planning.

Finance 98

Finance KPI Forecasting Data-driven 98

CIO Business Intelligence

JULY 20, 2023

Driven by cutthroat competition and significant shifts in customer expectations, retail companies are striving to align themselves with the changing landscape, with IT playing a crucial role in their ability to achieve this. From 250 such stores in 2021, the study forecasts the number to touch 12,000 by 2027.

Technology 75

Technology Forecasting Advertising Machine Learning 75

IBM Big Data Hub

FEBRUARY 23, 2024

DL models can improve over time through further training and exposure to more data. Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends.

Enterprise 108

Enterprise Interactive Data-driven Key Performance Indicator 108

IBM Big Data Hub

AUGUST 7, 2023

This article, part of the IBM and Pfizer’s series on the application of AI techniques to improve clinical trial performance, focuses on enrollment and real-time forecasting. AI can also empower trial managers and executives with the data to make strategic decisions. To do so they require data, which is in no shortage.

Optimization 62

Optimization Forecasting Data-driven Strategy 62

FineReport

MARCH 24, 2024

Rapid technological advancements and extensive networking have propelled the evolution of data analytics, fundamentally reshaping decision-making practices across various sectors. In this landscape, data analysts assume a pivotal role, tasked with interpreting data to drive informed decision-making.

Statistics 52

Statistics Data mining Visualization Reporting 52

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 90

Cost-Benefit Insurance Unstructured Data Machine Learning 90

AWS Big Data

MARCH 26, 2024

This view is used to identify patterns and trends in customer behavior, which can inform data-driven decisions to improve business outcomes. In this post, we discuss how you can use purpose-built AWS services to create an end-to-end data strategy for C360 to unify and govern customer data that address these challenges.

Data Strategy 69

Data Strategy Strategy Data Warehouse Prescriptive Analytics 69

FineReport

JULY 18, 2022

In an era full of data, data analysis allows us to discover the most useful information and make more scientific decisions for business operations. Data analysis tools are widely used by data analysts as well as non-professional business people to achieve better performance and higher efficiency. FineRepor t.

Forecasting 52

Forecasting Dashboards Visualization Statistics 52

Jedox

JULY 23, 2019

You do not have to be a data scientist to recognize the impact of technology on FP&A is and will continue to be significant. AI-based machine learning and predictive analytics will start to give us more powerful crystal balls. Firstly, it includes all forms of analytics which are heavily data-driven.

Technology 52

Technology Forecasting Finance Data-driven 52

Smart Data Collective

APRIL 22, 2020

Big data can be a tool, a weapon or a currency. Now, amid the COVID-19 pandemic, big data has become a life-saving ally for the health care community. This moment in history is unlike any other — and the value of data in ending it resembles nothing we’ve yet seen. Predicting Community and Individual Risk of Infection.

Big Data 111

Big Data Machine Learning Risk Interactive 111

IBM Big Data Hub

JUNE 14, 2023

Evolving technologies and an increasingly globalized and digitalized marketplace have driven manufacturers to adopt smart manufacturing technologies to maintain competitiveness and profitability. These features use data from multiple machines simultaneously, automate processes and provide manufacturers more sophisticated analyses.

Manufacturing 80

Manufacturing Technology Internet of Things Cost-Benefit 80

datapine

AUGUST 29, 2022

The saying “knowledge is power” has never been more relevant, thanks to the widespread commercial use of big data and data analytics. The rate at which data is generated has increased exponentially in recent years. Essential Big Data And Data Analytics Insights. million searches per day and 1.2

Big Data 263

Big Data Data Analytics Analytics Data mining 263

datapine

NOVEMBER 19, 2019

No matter if you need to conduct quick online data analysis or gather enormous volumes of data, this technology will make a significant impact in the future. An exemplary application of this trend would be Artificial Neural Networks (ANN) – the predictive analytics method of analyzing data.

Technology 279

Technology Internet of Things IT IoT 279

Jet Global

MAY 1, 2023

By leveraging data analysis to solve high-value business problems, they will become more efficient. This is in contrast to traditional BI, which extracts insight from data outside of the app. that gathers data from many sources. These tools prep that data for analysis and then provide reporting on it from a central viewpoint.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52