Cloudera

SEPTEMBER 19, 2023

Adding another position may not be terribly appealing, but there is one C-suite role every company should consider—chief data and analytics officer (CDO or CDAO). Data is the lifeblood of modern business, the fuel that powers digital transformation, and every company should have a data strategy.

IT 77

IT Data Strategy ROI Data-driven 77

Smart Data Collective

APRIL 20, 2021

An overwhelming majority of the business executives surveyed, at 81 percent, acknowledge the importance of big data adoption as a differentiator. However, only 20 percent consider their digital transformation strategies effective. Ineffective digital transformation through poor data utilization.

Big Data 94

Big Data Strategy Digital Transformation Metrics 94

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. However, due to a lack of foundation to embed AI capabilities, companies cannot successfully leverage AI into their data and operational strategy.

Strategy 52

Strategy Enterprise Key Performance Indicator ROI 52

Smart Data Collective

NOVEMBER 24, 2020

Big data is central to the success of modern marketing strategies. Today, more than ever, companies need to find more innovative ways to leverage data analytics to create a competitive edge in an everchanging landscape. One of the most important, yet overlooked, benefits of data is with scheduling. Set a limit.

Marketing 102

Marketing Optimization Strategy Big Data 102

TDAN

MAY 16, 2023

For data managers, the struggle is especially familiar. The difficulty is convincing decision makers to invest in data when measures of data’s value either do not exist or feel too ambiguous to estimate. Justifying any significant business investment is challenging.

Measurement 59

Measurement ROI Digital Transformation Management 59

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.

Analytics 193

Analytics Metrics Data-driven Machine Learning 193

CIO Business Intelligence

OCTOBER 4, 2022

For the CIO to be successful with this, there needs to be a comprehensive strategy that extends far beyond simply deploying new technologies. Many CIOs are now working with an IT environment that can deliver a modern data strategy but are struggling to unlock the full potential. The four steps to data advantage.

Cost-Benefit 95

Cost-Benefit Strategy ROI Digital Transformation 95

Smart Data Collective

FEBRUARY 20, 2022

One survey published on CIO found that less than a third of companies have reported that big data has buy-in from top executives. If you are running a business that has not yet adapted a data strategy, you should keep reading. You will get a better sense of the reasons that you should make investing in big data a top priority.

Big Data 111

Big Data Management Finance Data-driven 111

IBM Big Data Hub

DECEMBER 16, 2022

Their role has expanded from providing business intelligence to management, to ensuring high-quality data is accessible and useful across the enterprise. In other words, they must ensure that data strategy aligns to business strategy. But process and people can’t be ignored.

Enterprise 52

Enterprise Data Architecture Data-driven ROI 52

Smart Data Collective

JANUARY 27, 2022

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. Unfortunately, some businesses have made poor decisions when instituting a data strategy. In the world of IT, change is constant.

Optimization 105

Optimization IT Big Data Cost-Benefit 105

CIO Business Intelligence

JANUARY 24, 2024

Elevating IT To modernize Gilbane’s architecture, Higgins-Carter and her peers had to elevate innovation and technology as a core strategy for the company. 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.

Risk Management 99

Risk Management Risk Management Digital Transformation 99

Cloudera

AUGUST 22, 2021

This makes it tougher to understand the app dependencies and accurately assess for feasibility, costs, implementation and ultimately generate ROI. Other organizations may accelerate migration from data centers to cloud in response to reduced headcount, difficulties in accessing data center facilities and delays in hardware supply chains. .

Cost-Benefit 104

Cost-Benefit Strategy IoT ROI 104

Smart Data Collective

SEPTEMBER 29, 2022

OCR is the latest new technology that data-driven companies are leveraging to extract data more effectively. OCR and Other Data Extraction Tools Have Promising ROIs for Brands. Big data is changing the state of modern business. The benefits of big data cannot be overstated.

Data-driven 135

Data-driven Data Quality Optimization Insurance 135

Smart Data Collective

JULY 26, 2023

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. Companies using big data reportedly have 115% higher ROIs.

Data-driven 74

Data-driven Management Sales Big Data 74

DataKitchen

JUNE 24, 2021

Before we jump into a methodology or even a data strategy-based approach, what are we trying to accomplish? Agility as a concept in business is really powerful and certainly deserves a place in every data and analytics team.”. DataOps Maximizes Your ROI. Tyo pointed out, “Don’t do data for data’s sake.

ROI 211

ROI Metrics Measurement Cost-Benefit 211

Alation

JULY 15, 2022

I recently led an online session, Data Monetisation and Governance , looking at the evolution of data governance , defining data ethics (from the Turing Institute ), and touching on the balancing act between using data to monetise (by increasing revenue, decreasing spend, or mitigating risk) and meeting ethical obligations.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

Alation

APRIL 19, 2021

With a good plan and a modern data catalog, you can minimize the time and cost of cloud migration. Source: Webinar with data expert Ibby Rahmani: Emerging Trends in Data Architecture: What’s the Next Big Thing? Alation & Global Data Strategy). Creating A Cloud Migration Strategy. Manage Costs.

Cost-Benefit 111

Cost-Benefit Strategy Enterprise Data Strategy 111

CIO Business Intelligence

JUNE 16, 2022

Any enterprise data management strategy has to begin with addressing the 800-pound gorilla in the corner: the “innovation gap” that exists between IT and business teams. Most organizations (81%) don’t have an enterprise data strategy that enables them to fully capitalize on their data assets, according to Accenture.

IT 122

IT Experimentation IoT Data-driven 122

CIO Business Intelligence

DECEMBER 29, 2023

Among the various strategies at our disposal, automation stands out as a pivotal solution,” she says. “In CIOs will feel pressure to help develop strategies around it to stay ahead of competitors and enable their business.” Having an up-to-date data strategy is critical to the success of any CIO,” she says. “We

Cost-Benefit 133

Cost-Benefit Digital Transformation Consulting Strategy 133

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

Decision Management Solutions

FEBRUARY 23, 2021

In a recent survey by Harvard Business Review, only about a third of participating organizations reported that they have a well-articulated data strategy, are seeing transformative results from their data initiatives, and/or see their organization as being data-driven.

Data-driven 52

Data-driven Management ROI Data Strategy 52

IBM Big Data Hub

MARCH 26, 2024

Maximizing value with a holistic strategy The first step in maximizing that dual value is upfront due diligence to assess the current state of reporting readiness, alignment between ESG requirements and voluntary sustainability initiatives, and consider how to drive acceleration with future-proofed solutions.

Measurement 62

Measurement Metrics Strategy Reporting 62

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 137

Marketing Big Data Data-driven Sales 137

Smart Data Collective

FEBRUARY 15, 2022

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. Big Data is Important for Aspiring Entrepreneurs Trying to Succeed. This entails using big data reliably.

Marketing 102

Marketing Data Analytics Analytics Big Data 102

Alation

JANUARY 10, 2023

These are companies that have tried to make something resembling a data catalog themselves — e.g., using business glossaries, spreadsheets, and other systems — but they have recognized problems with this method. Starting a data strategy journey. The study looked at the possible ROI businesses may get from using Alation.

ROI 52

ROI Data Lake Strategy Data-driven 52

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

CIO Business Intelligence

JUNE 5, 2023

While point solutions can be very effective for solving a specific data process and can provide quick time to value, be wary of the data integration tax you’ll have to pay later. Establish strong governance with standards for data formats and structures across the organization.

Data Integration 52

Data Integration ROI Risk Finance 52

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 and cloud strategy must align.

Data Architecture 99

Data Architecture Data Integration IoT Strategy 99

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

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? of organizations report having established a data-driven organization.” ” “Just 26.5%

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

Smart Data Collective

MARCH 18, 2020

Big data is changing the direction of small and medium sized businesses. They can use big data for many purposes. However, the value of their big data strategies will vary considerably. Using big data to get a better understanding of your customers is important. Pillars of a Solid Customer Data Strategy.

Data mining 100

Data mining Big Data Sales Data Strategy 100

Cloudera

NOVEMBER 25, 2021

We are also seeing productivity increase, lower total cost of ownership and higher ROI. For an Australian financial technology firm, having a single pane of glass view across all their data is critical to support their fraud detection programme, mitigating risk for themselves and their customers. The Power of Two.

Machine Learning 89

Machine Learning IoT Risk ROI 89

datapine

JANUARY 24, 2021

It is not just important to gather all the existing information, but to consider the preparation of data and utilize it in the proper way, has become an indispensable value in developing a successful business strategy. That being said, it seems like we’re in the midst of a data analysis crisis. Giving the most ROI?

IT 317

IT Statistics KPI Data-driven 317

Anmut

MARCH 22, 2023

As such, rudimentary data is used for reporting purposes, but it doesn’t influence wider business operations or strategic decision-making. This stage is typical for organisations that are just starting to develop their data strategy. With an assessment from Anmut, we can help you level up your organisation’s data maturity.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

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.

Metadata 121

Metadata Data Warehouse Data Integration Business Intelligence 121

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

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