Smart Data Collective

DECEMBER 15, 2021

But driving sales through the maximization of profit and minimization of cost is impossible without data analytics. Data analytics is the process of drawing inferences from datasets to understand the information they contain. Personalization is among the prime drivers of digital marketing, thanks to data analytics.

ROI 118

ROI Marketing Data Analytics Analytics 118

Andrew White

DECEMBER 19, 2022

Despite the dearth of case studies and press stories telling of wonderous tools and technologies, economic growth has not materialized driven by increased productivity. There were other channels with better rates of return and lower risk. AI-driven Customer Experience. Data-driven or Analytics program.

ROI 52

ROI Cost-Benefit Strategy Data-driven 52

Cloudera

AUGUST 30, 2022

Data-fuelled innovation requires a pragmatic strategy. This blog lays out some steps to help you incrementally advance efforts to be a more data-driven, customer-centric organization. For example, providers can start by including more real-time data streams that can enhance customer interactions.

Strategy 108

Strategy Data Strategy ROI Cost-Benefit 108

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 135

Data-driven Big Data Manufacturing ROI 135

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 109

Data-driven Marketing Big Data Sales 109

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. Guide to Creating a Big Data Strategy.

Data-driven 88

Data-driven Big Data Metrics Strategy 88

Smart Data Collective

NOVEMBER 18, 2021

Big data is no longer a luxury for businesses. In the information, there are companies with big data strategies and those that fall behind. Big data and business intelligence are essential. However, the success of a big data strategy relies on its implementation. This is where big data comes into play.

Data Strategy 128

Data Strategy B2B Strategy Big Data 128

CIO Business Intelligence

MAY 9, 2024

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. They also need to understand the vitality of quality data for AI success, as well as governance frameworks to ensure responsible and ethical use of AI.

Risk Management 122

Risk Management Risk Cost-Benefit Technology 122

CIO Business Intelligence

APRIL 24, 2024

The announcement comes amid reluctance among some CIOs regarding the ROI of generative AI copilots. CIOs will need to focus on aligning AI-driven solutions with broader business strategies, ensuring seamless integration into existing processes while addressing potential challenges like data security and ethical AI use.

Enterprise 120

Enterprise Digital Transformation Consulting Risk 120

Smarten

DECEMBER 20, 2022

Technology research firm, Gartner, states that, ‘80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance.’ Today’s business teams are more often remote and more often out of the office on business than their business brethren from decades past.

ROI 52

ROI Cost-Benefit Data-driven Business Intelligence 52

BizAcuity

APRIL 25, 2022

Casinos would do well to think through their marketing strategies, to support growth, differentiate themselves from competitors, and strengthen their relationship with patrons and members. The casino operators are expected to face known challenges of rising competition, decreasing ROI, and a high churn rate. No ROI, no investment.

Marketing 52

Marketing Strategy ROI Digital Transformation 52

Smart Data Collective

JULY 11, 2022

We have talked about the benefits of using big data in the marketing profession in the past. CMOs Are Investing in the Benefits of Big Data. The demand for data analytics technology in the marketing will continue to grow as more executives recognize its benefits. Social Media Marketing. Paid social media advertising.

Data Analytics 133

Data Analytics Analytics Advertising Big Data 133

CIO Business Intelligence

FEBRUARY 7, 2024

API-first strategies on the rise APIs are ubiquitous within modern software architectures, working behind the scenes to facilitate myriad connected capabilities. “As Ajay Sabhlok, CIO and CDO at zero trust data security company Rubrik, Inc., An API-first culture can also create positive ripple effects across an entire organization. “IT

Business Objectives 123

Business Objectives Cost-Benefit Strategy Data-driven 123

Smart Data Collective

JANUARY 30, 2023

So, how can one create software with as little risk as possible? When used appropriately, it can significantly improve your overall ROI. Mind you, your competition is already using AI-driven mixed reality for training purposes, quality assessment, hiring new software engineers, and many other uses.

Software 100

Software Strategy Testing Advertising 100

IBM Big Data Hub

OCTOBER 25, 2023

Here’s how CTOs and CIOs can evaluate their technology and data estates, assess the opportunity and chart a path forward. Look for relatively discrete and low-risk opportunities to explore proof-of-concept implementations. also includes access to the StarCoder LLM, trained on openly licensed data from GitHub.

Cost-Benefit 88

Cost-Benefit ROI Modeling Testing 88

IBM Big Data Hub

JANUARY 15, 2024

How do organizations avoid the digital risks of ‘technology misuse’ and achieve efficient innovation that ‘technology promotes production’? While optimizing management mechanisms for cost reduction, efficiency enhancement, and risk mitigation. The path of digital transformation is fraught with challenges.

Digital Transformation 73

Digital Transformation Insurance Optimization ROI 73

IBM Big Data Hub

DECEMBER 16, 2022

Today’s data leaders are expected to make organizations run more efficiently, improve business value, and foster innovation. Their role has expanded from providing business intelligence to management, to ensuring high-quality data is accessible and useful across the enterprise. Building the foundation: data architecture.

Enterprise 52

Enterprise Data Architecture Data-driven ROI 52

CIO Business Intelligence

DECEMBER 29, 2023

The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In Here, we detail those and others that comprise eight of the top priorities for CIOs in 2024.

Cost-Benefit 135

Cost-Benefit Digital Transformation Consulting Strategy 135

Smart Data Collective

JUNE 2, 2022

Companies can invest in specialized cloud software that provides essential data that helps give them real-time access to suppliers, electronic invoices, and other information. Meticulous Implementation of Procurement Strategy. ROI-Driven Concept. E-procurement technology gives you an opportunity to enhance your ROI.

Technology 120

Technology ROI Cost-Benefit Forecasting 120

Smart Data Collective

APRIL 3, 2022

This is a huge market driven by AI technology that is expected to be worth $19 billion by 2024. As AI technology has improved, algorithmic trading has become more effective and given traders the opportunity to realize higher ROIs. This figure appears to have improved as AI helped boost their ROI. What is algorithmic trading?

Technology 97

Technology Cost-Benefit ROI Strategy 97

IBM Big Data Hub

JUNE 23, 2023

Whether you’re a CFO, an accountant, a financial analyst or a business partner, artificial intelligence (AI) can help improve your finance strategy, uplift productivity and accelerate business outcomes. Our experts at IBM Consulting are taking a comprehensive look at generative AI for F&A and considering the need to balance risks.

Finance 61

Finance Consulting Data-driven Risk 61

CIO Business Intelligence

SEPTEMBER 11, 2023

In tandem with his job as chief digital officer and senior vice president of strategy at Hussman, Seals got a Ph.D. Digital-first and data/AI are the two key pillars of TIAA’s business strategy and a core part of its broad tech transformation. At his company, anyway. Rizwan, CIO of Z2C Ltd.,

Digital Transformation 134

Digital Transformation ROI Strategy Technology 134

CIO Business Intelligence

APRIL 6, 2022

At DISH Network , cloud-adoption strategies vary by when the parts of its business started – from those born in the cloud to legacy sectors deploying cloud on an opportunistic basis. He added: “The strategy around cloud is not ROI on a case-by-case basis. It’s a must if a company wants to stay relevant.”. And hear how the U.S.

B2B 124

B2B Strategy Digital Transformation ROI 124

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Transitioning to Business Value . Obtaining more insight into hidden costs (e.g.,

Cost-Benefit 100

Cost-Benefit Business Objectives ROI Risk 100

Alation

JULY 15, 2022

Data ethics is both an imperative and an opportunity. New regulations covering data privacy and other ethical concerns require that enterprises govern internal data processes according to these new laws. I asked attendees: How often do you think about data ethics? What does data ethics mean to you?

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

datapine

JANUARY 24, 2021

In our cutthroat digital age, the importance of setting the right data analysis questions can define the overall success of a business. That being said, it seems like we’re in the midst of a data analysis crisis. That being said, it seems like we’re in the midst of a data analysis crisis.

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

NOVEMBER 9, 2023

Foundry / AI Priorities Study 2023 The ideal individual to assume this role should have much more than top technology and AI skills, says Colin Reeves, principal data and AI recruiter at ConSol Partners in Los Angeles. They should be a champion for smart AI adoption, and be able to recognize and balance AI benefits with risks.

IT 124

IT Strategy Reporting Visualization 124

CIO Business Intelligence

DECEMBER 8, 2022

While organizations know they need to mitigate environmental risks more effectively across the supply chain, often they struggle to translate that ambition into results. There is a clear company risk in not being sustainable, both to the planet and to the business. Data lives in silos across the IT and OT environment.

IoT 77

IoT ROI Cost-Benefit Risk 77

CIO Business Intelligence

JUNE 6, 2023

As we move further into the digital age, we continue to see a growing emphasis on data-driven decision-making. And as a result, there has been a surge in the development of new products, tools, and platforms competing to help businesses analyze and utilize more data, more effectively. What if this creates a new data silo, etc.?

Optimization 52

Optimization Cost-Benefit ROI Data-driven 52

Smart Data Collective

APRIL 5, 2021

With individuals and their devices constantly connected to the internet, user data flow is changing how companies interact with their customers. Big data has become the lifeblood of small and large businesses alike, and it is influencing every aspect of digital innovation, including web development. What is Big Data?

Big Data 108

Big Data IT Data-driven Sales 108

Octopai

FEBRUARY 26, 2024

Revolutionizing Data Management: Octopai’s Role in Data Cleansing and Business Efficiency In the digital age, where data is ubiquitously hailed as the new oil, its management goes beyond mere cleanliness to encompass strategic asset optimization.

Metadata 52

Metadata ROI Optimization Data-driven 52

Sisense

SEPTEMBER 5, 2019

For modern organizations, data is the ultimate building block. High profile companies are using data to build profitable new products, new lines of business, even entirely new industries. The process of translating data into new revenue is not easy. Use data to create new value. You’re selling outcomes.

Risk 75

Risk Breakeven Cost-Benefit Data-driven 75

Corinium

JUNE 6, 2019

Are you seeing currently any specific issues in the Insurance industry that should concern Chief Data & Analytics Officers? Lack of clear, unified, and scaled data engineering expertise to enable the power of AI at enterprise scale. Regulations and compliance requirements, especially around pricing, risk selection, etc.,

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

AUGUST 9, 2023

Once a vanguard business strategy, digital transformation has become a perennial objective for business survival. Most CEOs (72%) continue to prioritize digital investments, according to the 2022 CEO Outlook report from KPMG, in part due to concerns about emerging and disruptive technology, a top three risk to organizational growth.

Digital Transformation 137

Digital Transformation Strategy Data-driven Consulting 137

CIO Business Intelligence

JUNE 21, 2023

The study’s data shows that as automation eliminates repetitive tasks, the pendulum will swing toward the distinctly human skills of communication, creativity, and analytical thinking. How do you convince decision-makers to collaborate on linking IT strategy with business strategy? Where will your business be in 10 years?

Modeling 105

Modeling Cost-Benefit Digital Transformation ROI 105

Alation

APRIL 19, 2021

The cloud supports this new workforce, connecting remote workers to vital data, no matter their location. Data Cloud Migration Challenges and Solutions. Cloud migration is the process of moving enterprise data and infrastructure from on premise to off premise. However, cloud data migration can be difficult.

Cost-Benefit 111

Cost-Benefit Strategy Enterprise Data Strategy 111

IBM Big Data Hub

SEPTEMBER 6, 2023

From customized content creation to task automation and data analysis, AI has seemingly endless applications when it comes to marketing, but also some potential risks. Here are some key definitions, benefits, use cases and finally a step-by-step guide for integrating AI into your next marketing campaign. What is AI marketing?

Marketing 84

Marketing Technology Advertising ROI 84