Smart Data Collective

JANUARY 27, 2022

Big data technology has become a very important aspect of our lives. More businesses than ever are transitioning to data-driven business models. Research has shown that companies with big data strategies are 19 times more likely to become profitable. 1 Equip Your Employees with the Right Data Analytics Tools.

Optimization 106

Optimization IT Big Data Cost-Benefit 106

Cloudera

AUGUST 22, 2021

This makes it tougher to understand the app dependencies and accurately assess for feasibility, costs, implementation and ultimately generate ROI. There also needs to be a cloud-first strategy that should have buy-in from upper management. The strategy should also be understood and embraced by the entire organization.

Cost-Benefit 105

Cost-Benefit Strategy IoT ROI 105

CIO Business Intelligence

JUNE 16, 2022

Most organizations (81%) don’t have an enterprise data strategy that enables them to fully capitalize on their data assets, according to Accenture. IT funding might be on the rise, but the ROI for the business from technology investments isn’t as high as it should be. Data Management, IT Leadership

IT 122

IT Experimentation IoT Data-driven 122

Smart Data Collective

FEBRUARY 15, 2022

American Express is an example of a company that has used big data to improve its business model. However, large corporations aren’t the only ones that stand to benefit from using big data. Small business owners may need to use it even more, because the high ROI can help stretch their limited budgets.

Marketing 103

Marketing Data Analytics Analytics Big Data 103

bridgei2i

JUNE 23, 2021

Is your business infrastructure mature enough to embrace the AI model? AI adoption requires a proactive approach; you need to set the objectives, identify the key performance indicators or KPIs, and track ROI to assess and track the growth of AI. Strong Data-Driven Culture. Data is at the core of AI. Compliance.

Strategy 52

Strategy Enterprise Key Performance Indicator ROI 52

CIO Business Intelligence

NOVEMBER 2, 2023

Rapid advancements in artificial intelligence (AI), particularly generative AI are putting more pressure on analytics and IT leaders to get their houses in order when it comes to data strategy and data management. If you go out and ask a chief data officer, a head of IT, ‘Is your data strategy aligned?’,

Data Strategy 126

Data Strategy Strategy Sales Data Governance 126

Smart Data Collective

NOVEMBER 2, 2022

Big data technology has changed the future of marketing in a multitude of ways. A growing number of organizations are leveraging big data to get higher ROIs from their organic and paid marketing campaigns. As a result, companies around the world spent over $52 billion on data-driven marketing solutions in 2021.

Marketing 138

Marketing Big Data Data-driven Sales 138

Smart Data Collective

SEPTEMBER 4, 2020

Google has shown how to use big data effectively for decision-making , but many other companies don’t understand the principles to follow. Far too many businesses fail to develop a sensible data strategy, so their ROI from their data collection methodologies is often subpar. Guide to Creating a Big Data Strategy.

Data-driven 86

Data-driven Big Data Metrics Strategy 86

FineReport

DECEMBER 11, 2019

– Data Divination: Big Data Strategies. Big data is changing our world. The rapid development of the Internet and the mobile communication market has created a large amount of data. – Sexy Little Numbers: How to Grow Your Business Using the Data You Already Have. By Pam Baker and Bob Gourley.

Big Data 98

Big Data Statistics Experimentation Data Strategy 98

Anmut

APRIL 6, 2023

Understanding your data landscape Data maturity assessments help organisations understand the strengths and weaknesses of their data, across different business areas and geographies. What does a Data Maturity Assessment Measure? Need robust evidence to inform your data strategy?

Cost-Benefit 52

Cost-Benefit Data Quality Data Governance Measurement 52

CIO Business Intelligence

DECEMBER 29, 2023

Also, CIOs are asking what processes other people are using around determining proof of concepts, use cases, and ROI for generative AI,” he says. NCC Group’s Fox says CIOs are in a place where they have more data than they know what to do with, all sourced from multiple processes and systems.

Cost-Benefit 133

Cost-Benefit Digital Transformation Consulting Strategy 133

Anmut

MARCH 24, 2022

After decades in the background, data is currently king of the business world. Visionary companies like Google and Amazon are renowned for figuring out the transformational power of data, using data-driven business models to achieve extraordinary success. Understand the root cause of your biggest data challenges.

ROI 52

ROI Measurement Data-driven Data Transformation 52

datapine

JANUARY 24, 2021

Additionally, incorporating a decision support system software can save a lot of company’s time – combining information from raw data, documents, personal knowledge, and business models will provide a solid foundation for solving business problems. As Data Dan reminded us, “did the best” is too vague to be useful.

IT 317

IT Statistics KPI Data-driven 317

bridgei2i

NOVEMBER 3, 2021

What advice would you give these companies when it comes to adopting AI solutions with an ROI lens? [12:57] What we have seen is that we have adopted a fit-to-purpose teams model. If you’re getting through the ROI lens, definitely you will not be able to make the right decision. and data strategy.

Manufacturing 52

Manufacturing Enterprise ROI Digital Transformation 52

Anmut

NOVEMBER 10, 2020

Ørsted produced wind flow data at unprecedented resolution by introducing ground-breaking offshore radar systems. Using this data to model 3D wind improved power output and ensured future energy forecasts were as accurate as possible, helping manage supply variability. Giving customers the data they value.

Forecasting 52

Forecasting Data-driven Advertising ROI 52

CIO Business Intelligence

JANUARY 24, 2024

There’s also investment in robotics to automate data feeds into virtual models and business processes. So they’ll be patient when it comes to ROI. You have to forecast this to your executive team and continue to remind them of why we’ve chosen this strategy. “You Put your data strategy in business turns.

Risk Management 100

Risk Management Risk Management Digital Transformation 100

CIO Business Intelligence

NOVEMBER 29, 2022

By George Trujillo, Principal Data Strategist, DataStax Innovation is driven by the ease and agility of working with data. Increasing ROI for the business requires a strategic understanding of — and the ability to clearly identify — where and how organizations win with data. Data Management

Data Architecture 100

Data Architecture Data Integration IoT Strategy 100

Cloudera

NOVEMBER 25, 2021

Protect: security needs including risk management, fraud detection and cybersecurity initiatives through risk modelling and analysis, regulatory compliance, and financial crime prevention. . Connect: connecting multiple data sources to deliver a more complete understanding of a business and its customer and partner relationships.

Machine Learning 90

Machine Learning IoT Risk ROI 90

Sisense

NOVEMBER 26, 2019

To be sure, data analysts will always be a core part of any company’s data strategy, but frontline business users need to be empowered with tools that allow them to perform ad hoc analyses and make smarter decisions based on their unique needs, regardless of technical skill. Drive ROI from your data — wherever it is.

Digital Transformation 93

Digital Transformation Data-driven ROI Software 93

Jen Stirrup

MARCH 29, 2023

What does a sound, intelligent data foundation give you? It can give business-oriented data strategy for business leaders to help drive better business decisions and ROI. It can also increase productivity by enabling the business to find the data they need when the business teams need it. Why is this interesting?

Metadata 121

Metadata Data Warehouse Data Integration Business Intelligence 121

Smart Data Collective

AUGUST 21, 2019

However, just because a business model is popular doesn’t mean you can go in halfway. According to research from Meticulous Research, big data is going to play a huge part in this. Understanding the Nature of Digital Products and Building a Data Strategy Around Them. All you have to worry about is driving traffic to it.

Big Data 78

Big Data Sales Marketing Predictive Analytics 78

CDW Research Hub

APRIL 28, 2020

Whether on AWS, Azure, Google Cloud Platform, or all three, you need a data and analytics platform that can take full advantage of the power and economics of the cloud. But before you can reap the benefits and ROI of a cloud data platform and an AI-driven analytics solution, you need to get your data there.

Data-driven 52

Data-driven Analytics Consulting ROI 52

Alation

MARCH 21, 2023

When companies lack a data governance strategy , they may struggle to identify all consumer data or flag personal data as subject to compliance audits. They may also suffer from data duplication, which undermines their analytics models. Curious to see Alation in action?

Data Analytics 52

Data Analytics Analytics Data-driven Big Data 52

DataKitchen

JUNE 24, 2021

It is sad to admit this but some of our more sophisticated models, early on took somewhere from 14 to 16 months on average, and we were like, what the heck, this takes way, way, way too long for us to keep up with the demands of our customer. Most companies have legacy models in software development that are well-oiled machines.

ROI 211

ROI Metrics Measurement Cost-Benefit 211

Rocket-Powered Data Science

OCTOBER 6, 2023

Here are a few business examples of this type of prescriptive analytics: Which marketing campaign is most efficient and effective (has best ROI) in optimizing sales? Which pricing strategies lead to the best business revenue? Broken models are definitely disruptive to analytics applications and business operations.

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

Sisense

JANUARY 21, 2021

Your competitors may already have implemented a data strategy for their consumers. Data is today’s differentiator. If your competition still hasn’t become attuned to the importance of data, weave together a narrative about how data access has impacted other industries. Your company needs to catch up or die.

Analytics 95

Analytics Dashboards Data-driven ROI 95

IBM Big Data Hub

AUGUST 4, 2023

This includes tools that do not require advanced technical skill or deep understanding of data analytics to use. How to get started with data democratization As with any major change in business operations, companies should develop a comprehensive data strategy to reach their data democratization goals.

Data Architecture 59

Data Architecture Data Lake Machine Learning Data Governance 59

Occam's Razor

APRIL 29, 2013

Marketer, is not spent with data you''ll fail to achieve professional success.]. Many used some data, but they unfortunately used silly data strategies/metrics. And silly simply because as soon as the strategy/success metric being obsessed about was mentioned, it was clear they would fail. Not going to happen.

Marketing 166

Marketing Metrics Advertising Measurement 166