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.

Data Strategy 96

Data Strategy Strategy Data-driven Big Data 96

Peter James Thomas

MARCH 23, 2020

Humans are inherently social animals and limiting our social interactions can be injurious to mental health. In my last article, Data Strategy Creation – A Roadmap , I hopefully gave some sense of the complexities involved in developing a commercially focussed Data Strategy. Business Interviews and 1.5

Data Strategy 89

Data Strategy Strategy Insurance Interactive 89

CIO Business Intelligence

APRIL 6, 2022

For decades organizations chased the Holy Grail of a centralized data warehouse/lake strategy to support business intelligence and advanced analytics. Thinking about that intelligence as having millions of loosely connected decision points at the edge requires a different strategy, and you can’t micromanage it.

Data Strategy 52

Data Strategy Strategy Internet of Things Data Warehouse 52

Cloudera

NOVEMBER 18, 2020

Given the increase of financial fraud this year and the upcoming holiday shopping season, which historically also leads to an increase, I am taking this opportunity to highlight 3 specific data and analytics strategies that can help in the fight against fraud across the Financial Services industry. . 1- Break down the Silos.

Data Strategy 104

Data Strategy Strategy Machine Learning Risk 104

Cloudera

MARCH 28, 2024

But, even with the backdrop of an AI-dominated future, many organizations still find themselves struggling with everything from managing data volumes and complexity to security concerns to rapidly proliferating data silos and governance challenges.

Data Architecture 92

Data Architecture Strategy Data Lake Data-driven 92

Smart Data Collective

AUGUST 23, 2022

Are you running a company with a focus on big data? One survey showed that 32% of companies have a formal big data strategy. These companies tend to be far more profitable than businesses that do not utilize big data. However, some companies have to learn the hard way that desiring to utilize big data is not enough.

Big Data 87

Big Data Data Strategy Strategy Data-driven 87

Sisense

JUNE 30, 2019

For this month’s episode of our Radical Transparency podcast , I got on the phone with Charles Holive, Managing Director for Sisense’s Strategy Consulting Business, to discuss the way the changing role of data is forcing companies to evolve in the modern business environment. Data Strategies for the Uninitiated.

Data Strategy 71

Data Strategy Strategy Consulting Experimentation 71

Andrew White

MARCH 25, 2022

The idea being that certain practices and rules put in place by large platform vendors limits how partners in their ecosystem can interact with you, the customer. We will share our latest thinking at our upcoming Data and Analytics conference season that kicks off soon in London. However the word gatekeeper is. Its a wicked problem.

Data Strategy 52

Data Strategy Strategy Software Interactive 52

Cloudera

JULY 26, 2021

With this first article of the two-part series on data product strategies, I am presenting some of the emerging themes in data product development and how they inform the prerequisites and foundational capabilities of an Enterprise data platform that would serve as the backbone for developing successful data product strategies.

Strategy 117

Strategy Data Science Marketing Unstructured Data 117

bridgei2i

JUNE 23, 2021

4 Key Elements of Enterprise AI Strategy. Enterprise AI harnesses advanced artificial intelligence techniques to deliver organizational data, knowledge, and information. It combines the human capacities for learning, perception, and interaction to perform business operations. The AI maturity level of each organization differs.

Strategy 52

Strategy Enterprise Key Performance Indicator ROI 52

Andrew White

NOVEMBER 1, 2019

The main angle was from the point of view of a university, but the point was related to business too: They (strategies) take too long to draft or define. Most of these strategies were effectively based on faith, hope, and charity. We have tried mightily to help organizations recognize what strategy is meant to be.

Strategy 56

Strategy Analytics Data-driven Data Strategy 56

CIO Business Intelligence

APRIL 30, 2024

Your AI strategy is only as good as your data strategy,” Tableau CMO Elizabeth Maxon said in a press conference Monday. But to us, it’s more than just having a data strategy; it’s also about building a great foundation of a data culture.”

Analytics 79

Analytics Metrics Visualization Dashboards 79

Sisense

SEPTEMBER 12, 2019

Every business needs a business intelligence strategy to take it forward. . As the Global Team Lead of BI Consultants at Sisense, I can say that the projects I’ve worked on where a BI strategy was involved, were more successful than projects without a strategy. But what is a BI strategy in today’s world?

Strategy 81

Strategy Dashboards Diagnostic Analytics Prescriptive Analytics 81

Rocket-Powered Data Science

MARCH 19, 2019

Analytics are the products, the outcomes, and the ROI of our Big Data , Data Science, AI, and Machine Learning investments! AI strategies and data strategies should therefore focus on outcomes first. The four principles of Analytics By Design.

Analytics 193

Analytics Metrics Data-driven Machine Learning 193

CIO Business Intelligence

JUNE 30, 2023

And we’ll let you in on a secret: this means nailing your data strategy. All of this renewed attention on data and AI, however, brings greater potential risks for those companies that have less advanced data strategies. This involves a mindset shift, and, of course, a comprehensive data strategy.

Internet of Things 87

Internet of Things Strategy Data Strategy Risk 87

Occam's Razor

JULY 13, 2017

The sixteen examples neatly fall into nine strategies I hope you’ll cultivate in your analytics practice as you create data visualizations: 1: The Simplicity Obsession. 4: Interactivity With Insightful End-Points. 6: Turbocharging Data Visuals with Storytelling. Strategy 1: The Simplicity Obsession.

Visualization 124

Visualization Strategy Interactive Statistics 124

CIO Business Intelligence

JANUARY 22, 2024

The LLMs, algorithms, and structures that a healthcare payer or provider interacts with represent the visible part of the iceberg. For healthcare organizations, what’s below is data—vast amounts of data that LLMs will have to be trained on. Consider the iceberg analogy.

Unstructured Data 91

Unstructured Data Digital Transformation Data Strategy Modeling 91

AWS Big Data

MARCH 23, 2023

The ability to perform CRUD operations against the data in your S3 data lake combined with Lake Formation fine-grained access controls for all tables and formats supported by Athena provides opportunities to innovate and simplify your data strategy. We’d love to hear your feedback!

Interactive 71

Interactive Snapshot Data Lake Software 71

Smart Data Collective

SEPTEMBER 2, 2023

What’s important to recognize here is that it’s not the data itself that’s valuable. Simply having a graph in front of you isn’t what enables you to make better business decisions; instead, it’s your interactions with data that really matter. Actionable insights. Trusted analysts. Trusted analysts.

Key Performance Indicator 113

Key Performance Indicator Statistics Metrics Interactive 113

CIO Business Intelligence

JANUARY 12, 2024

And a lot of that comes down to the vast amounts of customer data CRM systems contain and their capabilities for pulling insights from that data through AI and machine learning — functionality that is becoming increasingly vital for enterprises across nearly every industry. I get a little bit of a crystal ball.”

Sales 122

Sales Marketing Data-driven Interactive 122

Jen Stirrup

NOVEMBER 15, 2022

Often, this problem can be due to the organization concentrating solely on technology and data. However, organizations can be supported by a synergistic approach by integrating systems thinking with the data strategy and technical perspective. Therefore, interacting with systems using minimal technical skills is very beneficial.

Data Science 145

Data Science Digital Transformation Data-driven Measurement 145

Cloudera

APRIL 19, 2022

To be successful, the use of data insights must become a central lifeforce throughout an organisation and not just reside within the confines of the IT team. More importantly, effective data strategies don’t stand still. In fact, they often lead to the majority of an organisation’s data remaining untapped and stagnant. .

Data-driven 91

Data-driven Data Strategy Strategy Big Data 91

CIO Business Intelligence

OCTOBER 4, 2022

Customers gravitate to personalized interactions and show a preference for companies that anticipate and cater to their unmet needs. Line of business owns the customer experience, but IT is a critical partner to the business,” says Miriam McLemore, Director of Enterprise Strategy and Evangelism with AWS.

Data-driven 104

Data-driven Machine Learning Interactive Predictive Analytics 104

Smart Data Collective

JANUARY 26, 2021

Well, if your company wants to use big data architecture to try to figure out which foreign markets to expand into, that will affect which data sources you’re pulling from. Using a Translation Company with Your Big Data Strategy. It’s important to build translation considerations into your big data strategy.

Data Architecture 121

Data Architecture Big Data Data Strategy Data-driven 121

CIO Business Intelligence

JANUARY 5, 2024

Until then, the IT part of Radisson was considered a cost center, but thanks to that plan, it became a central pillar of the group’s strategy. You mentioned assembling a new data strategy to restructure the company. Why is data so critical to your IT vision? I like to call the IT department ‘information decision systems.’

IT 110

IT Finance Cost-Benefit Strategy 110

Cloudera

AUGUST 6, 2021

Today, interactions with a brand spans omnichannel touchpoints. This data needs to be harmonized in a way that presents a unified view of the customer journey and ideally a real-time view of their propensity to perform certain actions, with suggested options to increase or decrease that propensity. Data Strategy.

Data-driven 104

Data-driven B2B Data Strategy Strategy 104

IBM Big Data Hub

SEPTEMBER 19, 2023

Infusing generative AI into these interactions helps support the shift to more proactive care that has the potential to improve customer satisfaction and unlock new revenue streams. Chatbot technology can also be applied to phone interactions, driving additional refinement to the customer care process.

Cost-Benefit 113

Cost-Benefit Optimization Interactive Enterprise 113

FineReport

MAY 30, 2024

Technical Skills Proficiency in utilizing data visualization tools such as FineReport , FineBI , Tableau, and Power BI is crucial for creating visually compelling representations of data. Design Skills A keen eye for design aesthetics plays a vital role in enhancing the visual appeal of data presentations.

Visualization 52

Visualization Dashboards KPI Reporting 52

Smart Data Collective

APRIL 21, 2022

One study found that the ROI of UX strategies is 9,900%. As more companies realize the importance of offering a stellar web experience, they will invest in big data as part of their UX strategies. Data analytics can help with the UX process. Here are five ways you can improve the UX of your website with big data.

Data Analytics 116

Data Analytics Analytics Big Data Machine Learning 116

CIO Business Intelligence

APRIL 7, 2023

Most notably, for about 71% of IT leaders, angst about security creates a barrier to adoption, mandating that approaches, infrastructure, data strategies and security be appropriately aligned 3. Consequently, handling this data in a secure manner will become even more important than it is today.

Enterprise 105

Enterprise Cost-Benefit Modeling Digital Transformation 105

IBM Big Data Hub

OCTOBER 4, 2023

Artificial intelligence (AI) is now at the forefront of how enterprises work with data to help reinvent operations, improve customer experiences, and maintain a competitive advantage. It’s no longer a nice-to-have, but an integral part of a successful data strategy. Later this year, watsonx.data will infuse watsonx.ai

Data Lake 81

Data Lake Metadata Cost-Benefit Data Warehouse 81

Smart Data Collective

MAY 10, 2022

According to the 2021 State of Data Maturity Report, 32% of companies have formal data strategies. Data analytics serves many different purposes. We have talked at length about the benefits of using big data to improve financial management and implement more effective marketing strategies.

Data Analytics 132

Data Analytics Analytics Big Data Data-driven 132

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

IBM Big Data Hub

SEPTEMBER 7, 2022

Today, the Summer School has grown to include over 400 data leaders across 46 countries and nearly 25 industries. Storytelling remains a powerful tool in data strategy adoption. This year we’ve spoken with data leaders whose data strategies have stalled, resulting in falling confidence within their organizations.

Data Strategy 52

Data Strategy Strategy Data-driven Data Quality 52

CIO Business Intelligence

DECEMBER 11, 2023

Implementing generative AI within a contact center can greatly improve the customer experience by making interactions quicker and more efficient. Physicians will turn to a digital scribe to better capture patient-provider interactions. Enhance the customer experience for the patient or plan member.

Unstructured Data 74

Unstructured Data Interactive Data-driven Consulting 74

Cloudera

NOVEMBER 30, 2023

From the pioneering research of English mathematician and logician Alan Turing to the recent breakthroughs achieved by models like GPT-3/GPT-4, AI has undeniably transformed industries and revolutionized human-computer interactions.

Risk Management 78

Risk Management Risk Strategy Modeling 78

AWS Big Data

FEBRUARY 29, 2024

Data is your generative AI differentiator, and a successful generative AI implementation depends on a robust data strategy incorporating a comprehensive data governance approach. Furthermore, you may need to combine the unstructured and structured data to create a holistic picture of key entities, like customers.

Data Governance 97

Data Governance Unstructured Data Metadata Data Lake 97