Smart Data Collective

JULY 21, 2022

Data analytics is incredibly valuable for helping people. More institutions are recognizing this, so the market for data analytics in education is projected to be worth over $57 billion by 2030. We have previously talked about the many ways that big data is disrupting education. Micro-learning Methodology.

Data-driven 134

Data-driven Big Data Cost-Benefit Data Analytics 134

CIO Business Intelligence

MAY 17, 2023

The big picture : In the midst of a rush to technology modernization, it’s critical to ensure the organization’s data assets are not overlooked. Why it matters:  Data-driven business decisions must factor prominently in modernization efforts. The bottom line:  Don’t leave data behind.

Data-driven 95

Data-driven Strategy IT Insurance 95

Smart Data Collective

OCTOBER 19, 2023

Many businesses use big data technology to bolster efficiency. of companies say that they use data analytics in some capacity. While only 24% call themselves data-driven, the figure is growing significantly. Big data is changing the business models of many organizations.

Consulting 106

Consulting Data-driven IT Digital Transformation 106

Smart Data Collective

JANUARY 6, 2021

Big data is central to financial management. The market for financial data analytics is expected to reach $10 billion by 2025. One of the biggest uses of big data in finance relates to accounts receivable management. More recently, we have seen even more impressive data on its effectiveness.

Data-driven 95

Data-driven Management Big Data Predictive Analytics 95

Rocket-Powered Data Science

JULY 19, 2023

I recently saw an informal online survey that asked users which types of data (tabular, text, images, or “other”) are being used in their organization’s analytics applications. The results showed that (among those surveyed) approximately 90% of enterprise analytics applications are being built on tabular data.

Data-driven 186

Data-driven Enterprise Analytics Machine Learning 186

Smart Data Collective

JANUARY 11, 2023

Many businesses are taking advantage of big data to improve their marketing and financial management practices. 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.

Data-driven 99

Data-driven Marketing Advertising Big Data 99

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 129

Data-driven Metrics Sales Big Data 129

Juice Analytics

FEBRUARY 10, 2020

Of these pillars, perhaps the most foundational and critical is the data culture. Research suggests that many organizations struggle to create this data culture and a healthy data culture is tied to overall performance. What does the data say? Modeling behavior. Where to next? Actions speak louder than words.

Data-driven 135

Data-driven Metrics Dashboards Data Science 135

Smart Data Collective

JULY 20, 2022

Data-driven decision-making has become a major element of modern business. A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Furthermore, only 13% of companies are actually delivering on their data strategy.

Data-driven 124

Data-driven Optimization Big Data Data Strategy 124

David Menninger's Analyst Perspectives

MARCH 13, 2024

Interest in artificial intelligence (AI) is exploding driven in large part by the widespread interest in generative AI. However, despite the ease with which individuals can use AI as a result of natural language processing , creating and managing AI models is still a challenge. First, there is a shortage of skills.

Machine Learning 196

Machine Learning Data-driven Modeling Software 196

IBM Big Data Hub

FEBRUARY 5, 2024

Every asset manager, regardless of the organization’s size, faces similar mandates: streamline maintenance planning, enhance asset or equipment reliability and optimize workflows to improve quality and productivity. These foundation models, built on large language models, are trained on vast amounts of unstructured and external data.

Optimization 97

Optimization Management Key Performance Indicator Modeling 97

TDAN

AUGUST 3, 2021

Through big data modeling, data-driven organizations can better understand and manage the complexities of big data, improve business intelligence (BI), and enable organizations to benefit from actionable insight. Big […].

Business Intelligence 143

Business Intelligence Big Data Modeling Data-driven 143

Cloudera

JUNE 13, 2023

The bank offerings include standard deposit and lending services, credit cards, wealth management, agribusiness finance and insurance, and foreign exchange services for other financial institutions. The EBD platform supports more than 10 internal and customer-facing groups with their Data Operations and Data Discovery requirements.

Data-driven 76

Data-driven Analytics Insurance Digital Transformation 76

Smart Data Collective

AUGUST 22, 2021

Data analytics has been very important for the FDA. They have used big data in many of their regulatory approaches. Big data has been instrumental in the software development process. The FDA has used data analytics technology to streamline their process and drastically reduce the risk of missing anything pertinent.

Data-driven 130

Data-driven Software Manufacturing Big Data 130

Smart Data Collective

APRIL 24, 2023

Big data has led to some huge changes in the way we live. John Deighton is a leading expert on big data technology. His research focuses on the importance of data in the online world. Innovations in the early 20th century changed how data could be used. Deighton studies how this evolution came to be.

Data-driven 96

Data-driven Software Big Data Data Governance 96

O'Reilly on Data

MARCH 31, 2020

If you’re already a software product manager (PM), you have a head start on becoming a PM for artificial intelligence (AI) or machine learning (ML). But there’s a host of new challenges when it comes to managing AI projects: more unknowns, non-deterministic outcomes, new infrastructures, new processes and new tools.

Management 332

Management Machine Learning Experimentation Metrics 332

Smart Data Collective

AUGUST 17, 2021

Big data has been a very important part of modern human resource solutions. One of the biggest implications of big data in human resources has pertained to enterprise workflow management. Data analytics technology can help bolster efficiency in all of these regards. Using Data Analytics to Improve Workflow Management.

Data-driven 121

Data-driven Optimization Enterprise Cost-Benefit 121

Smart Data Collective

SEPTEMBER 21, 2021

Retailers around the world are discovering that big data can be incredibly valuable to their bottom lines. A growing number of businesses are starting to look for new data-driven approaches to streamline their business models. Targeting the Right Variables for Your Data-Driven Retail Business Model.

Data-driven 108

Data-driven Metrics Sales Big Data 108

IBM Big Data Hub

JANUARY 26, 2024

Vegetation management aims to mitigate these risks. But what exactly does vegetation management mean? In this blog, we’ll explore the importance of vegetation management, its impact on multiple industries, the challenges it presents and how technology can streamline this manual and laborious process.

Management 68

Management Risk Data-driven Reporting 68

DataKitchen

FEBRUARY 21, 2023

On 24 January 2023, Gartner released the article “ 5 Ways to Enhance Your Data Engineering Practices.” Data team morale is consistent with DataKitchen’s own research. We surveyed 600 data engineers , including 100 managers, to understand how they are faring and feeling about the work that they are doing.

Data-driven 130

Data-driven Testing Risk Cost-Benefit 130

Smart Data Collective

JULY 28, 2021

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. This wouldn’t be possible without massive advances in big data technology.

Data-driven 134

Data-driven Big Data Manufacturing ROI 134

CIO Business Intelligence

OCTOBER 26, 2023

Business intelligence (BI) analysts transform data into insights that drive business value. The role is becoming increasingly important as organizations move to capitalize on the volumes of data they collect through business intelligence strategies.

Business Intelligence 126

Business Intelligence Data-driven Statistics Data Warehouse 126

CIO Business Intelligence

OCTOBER 7, 2022

It’s time to discard legacy processes and reinvent IT procurement with a new approach that leverages the power of data-driven insights. They typically do so without access to data — which can lead to slowed performance due to under-provisioning, or oversubscribed VMs if they choose an oversized template.

Data-driven 94

Data-driven IT Digital Transformation ROI 94

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. An enterprise starts by using a framework to formalize its processes and procedures, which gets increasingly difficult as data science programs grow. What Is Model Risk? Types of Model Risk.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Smart Data Collective

SEPTEMBER 1, 2021

As we have stated before, big data is becoming vital to modern marketing strategies. However, it is becoming abundantly clear that big data technology is also rapidly transforming many traditional marketing practices as well. Doing Research Before Investing in Data-Driven Digital Signage Solutions.

Data-driven 110

Data-driven Advertising Big Data Cost-Benefit 110

Cloudera

FEBRUARY 23, 2022

In addition to that, the march of network virtualisation combined with the cloudification of IT have driven further changes in operations. Their processes are ‘data driven’, their networks are trending towards automation, and AI systems are powering customer engagement in store , online and at home.

Data-driven 89

Data-driven Advertising IoT Digital Transformation 89

CIO Business Intelligence

FEBRUARY 27, 2024

Business needs first, then the lifecycle management program Your infrastructure lifecycle management program should be aligned with your organization’s growth roadmap. This will involve comprehensive and proactive infrastructure management. Lifecycle management keeps an equal focus on an asset through all its stages.

Technology 103

Technology Management Manufacturing Cost-Benefit 103

Cloudera

AUGUST 12, 2021

In my previous blog post, I shared examples of how data provides the foundation for a modern organization to understand and exceed customers’ expectations. Collecting workforce data as a tool for talent management. Collecting workforce data as a tool for talent management. Data enables Innovation & Agility.

Data-driven 107

Data-driven Manufacturing Insurance Risk Management 107

IBM Big Data Hub

OCTOBER 17, 2023

They use high temperature heat in many of their processes that is primarily driven by fossil fuel. They are also trying alternate fuels, which come with their own challenges of alternate fuel availability, and the ability to manage processes with fuel-mixes. Today, foundation models are used mostly in natural language processing.

Modeling 104

Modeling Optimization Manufacturing Forecasting 104

CIO Business Intelligence

SEPTEMBER 25, 2023

To do so, Nardecchia and his team sought to incorporate “digital threads” into the company’s hardware and thereby expand its business model beyond manufacturing into software-as-a-service. “We We knew we had to reinvent ourselves and that our business model wasn’t going to be sustained with so many companies moving to software as a service.

Modeling 103

Modeling Manufacturing Digital Transformation Cost-Benefit 103

Smart Data Collective

JULY 9, 2021

Fortunately, new advances in big data technology are helping companies get better qualified workers. Data analytics technology is very important in assessing the performance of staffing services. Companies can use data analytics to improve their hiring processes. What Are the Benefits of Data Analytics in Staffing?

Data Analytics 127

Data Analytics Management Analytics Big Data 127

Ontotext

JANUARY 29, 2024

In 2023, data leaders and enthusiasts were enamored of — and often distracted by — initiatives such as generative AI and cloud migration. I expect to see the following data and knowledge management trends emerge in 2024. However, organizations need to be aware that these may be nothing more than bolted-on Band-Aids.

Strategy 52

Strategy Management Metadata Data-driven 52

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. That gap is becoming increasingly apparent because of artificial intelligence’s (AI) dependence on effective data management. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

Strategy 112

Strategy Management Key Performance Indicator ROI 112

Smart Data Collective

NOVEMBER 12, 2021

Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. However, there are a lot of other benefits of big data that have not gotten as much attention. Global companies spent over $92.5 Here’s why.

Data-driven 104

Data-driven Cost-Benefit Data mining Big Data 104

CIO Business Intelligence

AUGUST 29, 2023

Interest in Value Stream Management (VSM) has never been higher – and for good reason. VSM is very much driven by digital transformation. Recently I had the opportunity to speak at the Six Five Summit regarding Value Stream management and how it can help companies accelerate their transformational journey.

Management 91

Management Digital Transformation Measurement Software 91

IBM Big Data Hub

OCTOBER 3, 2023

If you play fantasy football, you are no stranger to data-driven decision-making. And this year, ESPN Fantasy Football is using AI models built with watsonx to provide 11 million fantasy managers with a data-rich, AI-infused experience that transcends traditional statistics. But numbers only tell half the story.

Modeling 94

Modeling Statistics Consulting Unstructured Data 94