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3 Data Mining Tips for Companies Trying to Understand their Customers

Smart Data Collective

Modern businesses that neglect to invest in big data are at a tremendous disadvantage in an evolving global economy. Smart companies realize that data mining serves many important purposes that cannot be overlooked. One of the most important benefits of data mining is gaining knowledge about customers.

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What Role Does Data Mining Play for Business Intelligence?

Jet Global

The path to doing so begins with the quality and volume of data they are able to collect. But data alone is not the answer—without a means to interact with the data and extract meaningful insight, it’s essentially useless. Let’s introduce the concept of data mining. Toiling Away in the Data Mines.

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Here’s How To Implement Manufacturing Analytics Today

Smart Data Collective

Big data is everywhere , and it’s finding its way into a multitude of industries and applications. One of the most fascinating big data industries is manufacturing. In an environment of fast-paced production and competitive markets, big data helps companies rise to the top and stay efficient and relevant.

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Be the Best – 9 Ways to Market Your Business with Big Data

Smart Data Collective

Some of the best applications of data analytics and AI technology has been in the field of marketing. Data-Driven Marketing is More Important than Ever. Your approach to marketing your company should be unique and exciting to snare customers. This is where data-driven marketing strategies come into play.

Big Data 139
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What is predictive analytics? Transforming data into future insights

CIO Business Intelligence

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. Predictive analytics has captured the support of wide range of organizations, with a global market size of $12.49

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AI Helps Mitigate These 5 Major Supplier Risks

Smart Data Collective

The availability of materials can cause failures, as suppliers cannot manufacture products when they lack the resources to do so. Likewise, if a supplier publishes messaging that contradicts a brand’s marketing messages, consumers might become confused or disheartened by the inconsistency of the partnership. Competitive Advantage Risk.

Risk 133
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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

Bayer Crop Science has applied analytics and decision-support to every element of its business, including the creation of “virtual factories” to perform “what-if” analyses at its corn manufacturing sites. Digital marketing and services firm Clearlink uses a DSS system to help its managers pinpoint which agents need extra help.