Smart Data Collective

JANUARY 12, 2022

Data analytics has arguably become the biggest gamechanger in the field of finance. Many large financial institutions are starting to appreciate the many advantages that big data technology has brought. Data analytics can even help them prepare for financial disasters. Fraud risks. billion in the next two years.

Data Analytics 116

Data Analytics Analytics Finance Data mining 116

FineReport

APRIL 9, 2024

Understanding Healthcare BI Tools The Role of Healthcare BI Tools Healthcare BI tools are instrumental in revolutionizing decision-making processes and patient care through the utilization of advanced data analysis and technology.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

Smart Data Collective

DECEMBER 22, 2021

Big data technology is one of the most important forms of technology that new startups must use to gain a competitive edge. The success of your startup might depend on your ability to use big data to your full advantage. The right data strategy can help your startup become profitable. Big Data is Invaluable to Modern Business.

Big Data 136

Big Data Data mining Data-driven Predictive Analytics 136

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. Financial services: Develop credit risk models. Forecast financial market trends.

Predictive Analytics 140

Predictive Analytics Analytics Predictive Modeling Forecasting 140

Smart Data Collective

FEBRUARY 28, 2023

Data analytics technology has had a profound impact on the state of the financial industry. Deloitte discussed this new trend in a report titled “Tax data analytics A new era for tax planning and compliance.” ” Small businesses need to understand the role that data analytics plays in assisting with tax compliance.

Analytics 102

Analytics Data mining Finance Analytics Technologies 102

Smart Data Collective

JUNE 14, 2022

Big data technology is disrupting almost every industry in the modern economy. Global businesses are projected to spend over $103 billion on big data by 2027. While many industries benefit from the growing use of big data, online businesses are among those most affected. However, it doesn’t come without its difficulties.

Big Data 104

Big Data Data mining Metrics Sales 104

CIO Business Intelligence

JUNE 28, 2023

These circumstances have induced uncertainty across our entire business value chain,” says Venkat Gopalan, chief digital, data and technology officer, Belcorp. “As The R&D laboratories produced large volumes of unstructured data, which were stored in various formats, making it difficult to access and trace.

Digital Transformation 85

Digital Transformation Cost-Benefit Informatics Data mining 85

Smart Data Collective

DECEMBER 16, 2021

They are also using data analytics tools to help streamline many logistical processes and make sure supply chains operate more efficiently. Any disruptions and risks to the integrity of the delivered products or services compromise the organization’s privacy and its data. Performing Vendor Review. Encryption.

Analytics 126

Analytics Analytics Technologies Data mining Software 126

datapine

NOVEMBER 27, 2019

Data exploded and became big. Spreadsheets finally took a backseat to actionable and insightful data visualizations and interactive business dashboards. The rise of self-service analytics democratized the data product chain. 1) Data Quality Management (DQM). We all gained access to the cloud.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

datapine

DECEMBER 28, 2021

Statistics are infamous for their ability and potential to exist as misleading and bad data. Exclusive Bonus Content: Download Our Free Data Integrity Checklist. Get our free checklist on ensuring data collection and analysis integrity! To get this journey started let’s look at the misleading statistics definition.

Statistics 363

Statistics Advertising Visualization Data mining 363

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

Smart Data Collective

JUNE 16, 2021

Many industries are benefiting from changes in data analytics. However, data analytics isn’t guaranteed to solve all call center challenges without the right strategy in place. Data analytics technology can help solve many of these challenges, but it needs to be properly utilized. The call center industry is one of them.

Data Analytics 88

Data Analytics Analytics Cost-Benefit Data mining 88

Smart Data Collective

SEPTEMBER 2, 2021

New advances in data analytics and data mining tools have been incredibly important in many organizations. We have talked extensively about the benefits of using data technology in the context of marketing and finance. However, big data can also be invaluable when it comes to operations management as well.

Big Data 104

Big Data Cost-Benefit Data-driven Data mining 104

Smart Data Collective

JUNE 24, 2023

Fortunately, new advances in machine learning technology can help mitigate many of these risks. Machine learning technology can do wonders to help reduce the risk of cryptocurrency thefts Over the past few years, we have seen a growing number of hackers weaponize artificial intelligence.

Machine Learning 77

Machine Learning Broadcasting Risk Data mining 77

Smart Data Collective

APRIL 2, 2021

Big data has become a very important for modern businesses. Franchises are among the businesses that have benefited from major breakthroughs in data science. A lot of franchises rely on data technology. Some big data startups even specialize in serving franchises, such as FranConnect.

Big Data 83

Big Data Data mining Machine Learning Advertising 83

Smart Data Collective

FEBRUARY 19, 2020

Lenders are tightening their actuarial criteria and employing data driven decision making capabilities. If a company is looking to borrow money, they need to understand how big data has changed the process. They need to adapt their borrowing strategy to the new big data algorithms to improve their changes of securing a loan.

Big Data 100

Big Data Data mining Risk Data-driven 100

CIO Business Intelligence

MAY 30, 2024

To do that, McIntosh and OMES turned to process mining, a technique for analyzing event data to better understand and improve operational processes. To tackle that issue, some early movers, like Oklahoma’s McIntosh, are turning to process mining platforms to help achieve their goals. 31 deadline.”

IT 127

IT Cost-Benefit Key Performance Indicator Dashboards 127

IBM Big Data Hub

JANUARY 10, 2023

Without a doubt, there is exponential growth in the access to and volume of process data we all, as individuals, have at our fingertips. Not only can data support a more compelling change management strategy, but it’s also able to identify, accelerate and embed change faster, all of which is critical in our continuously changing world.

Management 52

Management Data-driven Data mining Business Objectives 52

IBM Big Data Hub

JULY 6, 2023

While data science and machine learning are related, they are very different fields. In a nutshell, data science brings structure to big data while machine learning focuses on learning from the data itself. What is data science? One challenge in applying data science is to identify pertinent business issues.

Machine Learning 55

Machine Learning Data Science Statistics Deep Learning 55

CIO Business Intelligence

APRIL 19, 2022

In recent times, the phrase “data is the new oil” has become an overused cliché. However, while it has helped create awareness around the value of data, many companies are still struggling to realise the full potential from the data they’re accumulating. This is known as data traction. Mining for gold. Thrivers v.

Digital Transformation 55

Digital Transformation Data mining Strategy Insurance 55

BizAcuity

MARCH 31, 2022

You must be tired of continuously hearing quotes like, ‘data is the new oil’ and what not. Combined, it has come to a point where data analytics is your safety net first, and business driver second. These industries accumulate ridiculous amounts of data on a daily basis. AI Adoption and Data Strategy. AI for Business.

Data Analytics 52

Data Analytics Analytics Prescriptive Analytics Predictive Analytics 52

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. Your Chance: Want to perform advanced data analysis with a few clicks? Data Is Only As Good As The Questions You Ask.

IT 317

IT Statistics KPI Data-driven 317

IBM Big Data Hub

AUGUST 14, 2023

The Cost of a Data Breach 2023 global survey found that extensively using artificial intelligence (AI) and automation benefited organizations by saving nearly USD 1.8 million in data breach costs and accelerated data breach identification and containment by over 100 days, on average.

Cost-Benefit 56

Cost-Benefit Machine Learning Consulting Data mining 56

datapine

MARCH 31, 2022

Does data excite, inspire, or even amaze you? Despite these findings, the undeniable value of intelligence for business, and the incredible demand for BI skills, there is a severe shortage of BI-based data professionals – with a shortfall of 1.5 2) Top 10 Necessary BI Skills. 3) What Are the First Steps To Getting Started?

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

Decision Management Solutions

AUGUST 18, 2020

DDPs accomplish this by providing a suite of capabilities that enable business subject-matter experts to define decision logic, incorporate data-driven decision intelligence technologies such as machine learning (ML), govern change, and deploy digital decisions within business applications. Write different rules for each category.

Machine Learning 88

Machine Learning Data-driven Descriptive Analytics Predictive Analytics 88

IBM Big Data Hub

JULY 24, 2023

This has led to an increase in the importance of IT operations analytics (ITOA), the data-driven process by which organizations collect, store and analyze data produced by their IT services. ITOA turns operational data into real-time insights. billion business.

IT 55

IT Analytics Cost-Benefit Predictive Analytics 55

IBM Big Data Hub

AUGUST 11, 2023

The advancement of computing power over recent decades has led to an explosion of digital data, from traffic cameras monitoring commuter habits to smart refrigerators revealing how and when the average family eats. Both computer scientists and business leaders have taken note of the potential of the data. How the models are stored.

Data Science 54

Data Science Machine Learning Cost-Benefit Deep Learning 54

Jet Global

MAY 9, 2024

A data pipeline is a series of processes that move raw data from one or more sources to one or more destinations, often transforming and processing the data along the way. Data pipelines support data science and business intelligence projects by providing data engineers with high-quality, consistent, and easily accessible data.

Data Lake 52

Data Lake Data Warehouse Business Intelligence Machine Learning 52

Grooper

AUGUST 19, 2019

Read on to learn how data literacy, information as a second language, and insight-driven analytics take digital strategy to a new level. C-level executives and professionals alike must learn to speak a new language - data. The benefit of speaking data, a.k.a. Increasing data literacy is the answer.

Analytics 54

Analytics Machine Learning Data Science Data-driven 54

Domino Data Lab

MAY 20, 2021

Further, imbalanced data exacerbates problems arising from the curse of dimensionality often found in such biological data. Insufficient training data in the minority class — In domains where data collection is expensive, a dataset containing 10,000 examples is typically considered to be fairly large. 1998) and others).

Machine Learning 136

Machine Learning Metrics Data mining Knowledge Discovery 136

bridgei2i

JULY 28, 2020

She’s the founder and CEO of StatWeather, a company, which was recognized as number one in climate technology globally in the year, 2017, by the Energy Risk Awards. So, then we need systems, analysts, database administrators, people who can set in place, these types of backup systems for risk management. Not just that.

Enterprise 98

Enterprise Digital Transformation Insurance B2B 98

datapine

OCTOBER 10, 2019

A business dashboard offers at-a-glance insights based on key performance indicators (KPIs) and is an intuitive and visually pleasing way to consume data. Unlike early predecessors, they give presenters the ability to engage audiences with real-time data. How familiar they are with the data or KPIs.

Dashboards 146

Dashboards Visualization Sales Metrics 146

Alation

AUGUST 26, 2021

What Is Data Intelligence? Data intelligence is a system to deliver trustworthy, reliable data. It includes intelligence about data, or metadata. IDC coined the term, stating, “data intelligence helps organizations answer six fundamental questions about data.” These questions are: Who is using what data?

Metadata 64

Metadata Data Governance Dashboards Software 64

FineReport

APRIL 26, 2023

As the world becomes increasingly digitized, the amount of data being generated on a daily basis is growing at an unprecedented rate. This has led to the emergence of the field of Big Data, which refers to the collection, processing, and analysis of vast amounts of data. What is Big Data? What is Big Data?

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

The Unofficial Google Data Science Blog

APRIL 23, 2024

Experiments, Parameters and Models At Youtube, the relationships between system parameters and metrics often seem simple — straight-line models sometimes fit our data well. Modeling live experiment data Data scientists at YouTube are rarely involved in the analysis of typical live traffic experiments.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

Decision Management Solutions

DECEMBER 12, 2018

They had some great predictions and suggested priorities around the ethics of analytics, the value of data and the use of AI in fraud and cybersecurity. As they quote in the paper: According to the Rexer Data Science Survey, barely 10 to 15% of companies “almost always” deploy results and another 50% only deploy “often.”

Analytics 40

Analytics Predictive Analytics Modeling Data-driven 40

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