Smart Data Collective

AUGUST 22, 2023

As technology has become more evolved, so have the cybercriminals who seek to exploit weak defenses for their own nefarious gain. Understanding the importance of utilizing data-driven insights to inform cybersecurity practices is key to keeping one’s organization safe from hackers today.

Data-driven 70

Data-driven Big Data Measurement Strategy 70

datapine

SEPTEMBER 29, 2022

1) What Is Data Quality Management? 4) Data Quality Best Practices. 5) How Do You Measure Data Quality? 6) Data Quality Metrics Examples. 7) Data Quality Control: Use Case. 8) The Consequences Of Bad Data Quality. 9) 3 Sources Of Low-Quality Data. 10) Data Quality Solutions: Key Attributes.

Data Quality 241

Data Quality Metrics Data-driven Management 241

Smart Data Collective

SEPTEMBER 25, 2023

Companies are investing more in big data than ever before. Last year, global businesses spent over $271 billion on big data. While there are many benefits of big data technology, the steep price tag can’t be ignored. We mentioned that data analytics offers a number of benefits with financial planning.

Data-driven 104

Data-driven IT Cost-Benefit Big Data 104

CIO Business Intelligence

FEBRUARY 27, 2024

Does your organization see technology infrastructure as a commodity or as a strategic business enabler? The answer will shape your approach to infrastructure: you can keep legacy infrastructure going as long as you can, or you can pursue the cutting edge of technology. Legacy technology also affects sustainability.

Technology 105

Technology Management Manufacturing Cost-Benefit 105

CIO Business Intelligence

JUNE 23, 2023

According to the MIT Technology Review Insights Survey, an enterprise data strategy supports vital business objectives including expanding sales, improving operational efficiency, and reducing time to market. The problem is today, just 13% of organizations excel at delivering on their data strategy.

Data Strategy 116

Data Strategy Strategy Visualization Consulting 116

Smart Data Collective

JUNE 21, 2023

We have talked about a number of the ways that business leaders are investing in big data technology and analytics. There are many reasons that the demand for big data in the human resources sector is growing so quickly HR professionals are using big data to make strategic decisions. billion by the end of this year.

Data-driven 81

Data-driven Analytics Metrics Big Data 81

Smart Data Collective

NOVEMBER 18, 2020

The evolution of data technology has started to influence the field of marketing. One application of big data is with blogger outreach, which is a critical aspect of SEO linkbuilding and offsite branding. This is one of the best examples of data driven linkbuilding.

Data-driven 71

Data-driven Strategy Big Data Data mining 71

Smart Data Collective

FEBRUARY 22, 2022

Big data has been changing the state of business for years. They are finding new ways to leverage data analytics and AI technology to maximize their ROI. E-commerce startups are investing most heavily in big data, which is why the e-commerce analytics market will be worth over $22 billion by 2025.

Data-driven 129

Data-driven Metrics Sales Big Data 129

Smart Data Collective

JANUARY 31, 2023

Big data technology has unquestionably been a gamechanger for businesses. Data-driven businesses are 58% more likely to meet revenue goals than companies that do not use big data. However, there is a dark side to using big data technology. This is the first step to committing a data breach.

Data-driven 89

Data-driven Big Data Software Measurement 89

Smart Data Collective

JUNE 27, 2022

Data-driven businesses are far more successful than companies that don’t utilize data to their advantage. Unfortunately, they often find that managing their data effectively can be a challenge. Companies that rely on big data need a reliable IT department. Keep reading to learn how to do this.

Data-driven 107

Data-driven Management IT Big Data 107

CIO Business Intelligence

JUNE 9, 2023

But head starts don’t need to take years to make a difference, especially in the fast-moving world of technology where the window of opportunity is much shorter. In technology, hesitate, and you may not be able to catch up to your competitors. Such is the case with a data management strategy. The second best time is now.”

Strategy 116

Strategy Management Key Performance Indicator ROI 116

Smart Data Collective

OCTOBER 26, 2023

One poll found that 56% of companies use AI to enhance their cybersecurity strategies. AI technology is helping with cybersecurity in a myriad of ways. Cybersecurity is the practice of taking precautions to protect data privacy, security, and reliability from being compromised online.

Technology 91

Technology Risk Measurement IoT 91

Smart Data Collective

JULY 26, 2023

Big data has become an invaluable aspect to most modern businesses. Nevertheless, many companies have been reluctant to Harvard Business Review reports that only 30% of businesses have a data strategy. However, companies with data strategies are far more successful than those without.

Data-driven 74

Data-driven Management Sales Big Data 74

CIO Business Intelligence

OCTOBER 5, 2023

The advent of new technologies has accelerated the rate of innovation and disrupted the business landscape as we know it. As the pace of innovation speeds up, tomorrow’s front runners are those who readily embrace disruptive technologies to spearhead new business models and capture new avenues of growth.

Technology 126

Technology Digital Transformation Data-driven Modeling 126

CIO Business Intelligence

OCTOBER 25, 2022

This article was co-authored by Duke Dyksterhouse , an Associate at Metis Strategy. Data & Analytics is delivering on its promise. Some are our clients—and more of them are asking our help with their data strategy. Often their ask is a thinly veiled admission of overwhelm. We discourage that thinking.

Data Strategy 145

Data Strategy Strategy Data Lake Data-driven 145

IBM Big Data Hub

NOVEMBER 20, 2023

An organization is only as strong as its talent pool, so organizations have increasingly embraced talent management as a core component of their overarching strategy. Demonstrate a strong approach during recruitment and onboarding Talent management strategies begin before an organization ever hires someone.

Strategy 99

Strategy Management Cost-Benefit Consulting 99

CIO Business Intelligence

APRIL 14, 2022

This article was co-authored by Katherine Kennedy , an Associate at Metis Strategy. The ability to provide transparent, data-driven insights and measure progress toward ESG commitments makes the technology leader critical to the success of any ESG strategy.

Strategy 111

Strategy Digital Transformation IoT Measurement 111

Smart Data Collective

AUGUST 17, 2021

Data analytics has upended the world of business in countless ways. A growing number of businesses are discovering new applications for data analytics technology as they strive to streamline operations and boost their bottom lines. Data Analytics Can Help Businesses Meet their Growth Objectives.

Measurement 120

Measurement Optimization Analytics Metrics 120

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

Data-driven 103

Data-driven Cost-Benefit Data mining Big Data 103

Smart Data Collective

OCTOBER 15, 2021

We have talked about the benefits of using big data in web design. One of the most important benefits of data analytics is improving user experience. Jenny Booth highlighted this in her post Data-informed design: Getting started with UX analytics. Big Data is Crucial for Improving Online User Experience.

Data-driven 124

Data-driven Advertising Big Data Optimization 124

Smart Data Collective

NOVEMBER 29, 2021

We have endlessly discussed the benefits of using big data to make the most out of your marketing strategies. Companies that neglect to use data analytics, AI and other forms of big data technology risk falling behind to their competitors. Data Technology Makes Email Marketing Automation Far More Feasible.

Data-driven 107

Data-driven Marketing Big Data Sales 107

CIO Business Intelligence

MAY 30, 2024

Just over 6 in 10 say that demonstrating ROI from any technology is very or extremely challenging. This is driven by the clear promise of AI adoption combined with the pressure that IT leaders face to prove the value of these investments and deliver measurable business outcomes.” Financial resources are also a concern.

ROI 111

ROI Digital Transformation Cost-Benefit Measurement 111

Cloudera

AUGUST 6, 2021

This landscape is one that presents opportunities for a modern data-driven organization to thrive. At the nucleus of such an organization is the practice of accelerating time to insights, using data to make better business decisions at all levels and roles. Data Strategy. Data and decision culture.

Data-driven 105

Data-driven B2B Data Strategy Strategy 105

Smart Data Collective

MAY 13, 2022

There are many reasons big data has become a double-edged sword for businesses. Many companies are using data analytics to monitor their employee productivity and other behavior. It can be even more beneficial than using big data for recruiting. This is an area where big data can help immensely.

Data-driven 108

Data-driven Big Data Software Data Analytics 108

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. Write Down Your Objectives.

Data-driven 86

Data-driven Big Data Metrics Strategy 86

Smart Data Collective

DECEMBER 17, 2021

Marketing Analytics is the process of analyzing marketing data to determine the effectiveness of different marketing activities. The process of Marketing Analytics consists of data collection, data analysis, and action plan development. Types of Data Used in Marketing Analytics. Types of Data Used in Marketing Analytics.

Marketing Analytics 93

Marketing Analytics Marketing Data-driven Analytics 93

Smart Data Collective

NOVEMBER 5, 2023

Companies are projected to spend over $10 billion on marketing analytics technology in 2028. The digital marketing sector is among those most influenced by the benefits of analytics technology. Why Are More Companies Investing in Analytics to Bolster their Digital Marketing Strategies? The benefits are massive.

Marketing 104

Marketing Analytics ROI Data-driven 104

IBM Big Data Hub

JULY 25, 2023

New technologies are shaping the way we produce, distribute and consume energy. But the import of smart grid technologies transcends utility companies; smart grids also empower consumers to take control of their energy consumption. Software and analytics: Smart grids generate massive amounts of data.

Optimization 56

Optimization Technology Measurement Cost-Benefit 56

Anmut

MARCH 22, 2023

Data maturity models are a crucial step for any organisation looking to improve their data, informing if your current data practices are helping, or holding back, your business. ? Organisations that reach the highest stage of data maturity achieve a market value increase of up to 500%, compared to lower maturity organisations.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

Rocket-Powered Data Science

MARCH 19, 2021

How to make smarter data-driven decisions at scale : [link]. The determination of winners and losers in the data analytics space is a much more dynamic proposition than it ever has been. A lot has changed in those five years, and so has the data landscape. But if they wait another three years, they will never catch up.”

Internet of Things 259

Internet of Things Analytics IoT Prescriptive Analytics 259

Alation

OCTOBER 5, 2021

What is data governance and how do you measure success? Data governance is a system for answering core questions about data. It begins with establishing key parameters: What is data, who can use it, how can they use it, and why? Answers will differ widely depending upon a business’ industry and strategy for growth.

Data Governance 96

Data Governance Strategy Data Quality Metrics 96

Smart Data Collective

APRIL 3, 2022

More companies than ever are investing in big data. However, many feel that their data strategies are not proving to be effective. According to a report by VentureBeat, only 13% of companies feel that their data strategies are providing the results they are looking for. Keep It Short and Simple.

Data Strategy 95

Data Strategy Strategy Data-driven Big Data 95

IBM Big Data Hub

NOVEMBER 30, 2023

Talent acquisition refers to the ongoing strategy and process an organization and its HR department uses to source, attract, evaluate, hire and retain the highly-qualified new employees it needs to grow. A well-crafted talent acquisition strategy has become a critical component for organizations seeking to secure a competitive edge.

Strategy 62

Strategy Cost-Benefit Consulting Data-driven 62

CIO Business Intelligence

FEBRUARY 13, 2024

Business alignment is often heralded as a key tenet of successful IT strategies. For example, if you are in banking, your organization is likely to measure itself by profitability ratios such as net interest margin (the difference between interest income generated and interest expenses) or PCL (provision for credit losses).

Measurement 111

Measurement Metrics Strategy Marketing 111

Smart Data Collective

OCTOBER 21, 2020

The concept of email marketing predates the big data phenomenon by at least 20 years. However, data-driven insights have clearly played a profound role in the future of email marketing. Companies need to find new ways to use big data to embrace new email strategies. The Evolution of Email in the Age of Big Data.

Data-driven 79

Data-driven Big Data Metrics Machine Learning 79

Smart Data Collective

APRIL 20, 2021

Big data is having a tremendous impact on the future of modern business. Harvard Business Review Analytic Services recently published The State of Digital Adoption report on big data adoption in business, and its findings may surprise or even alarm many organizations and institutions.

Big Data 94

Big Data Strategy Digital Transformation Metrics 94

Alation

MARCH 14, 2023

Data gathering and use pervades almost every business function these days — and it’s widely acknowledged that businesses with a clear strategy around data are best placed to succeed in competitive, challenging markets such as defence. What is a data strategy? Why is a data strategy important?

Data Strategy 52

Data Strategy Strategy Metadata Data Quality 52