Rocket-Powered Data Science

OCTOBER 6, 2023

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. Another way of saying this is: given some desired optimal outcome Y, what conditions X should we put in place.

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

IBM Big Data Hub

JUNE 29, 2023

Digitalization has had a profound impact on the manufacturing sector, enabling businesses to optimize processes, improve quality and reduce costs. It integrates advanced technologies—like the Internet of Things (IoT), artificial intelligence (AI) and cloud computing —into an organization’s existing manufacturing processes.

Manufacturing 55

Manufacturing Internet of Things Cost-Benefit Digital Transformation 55

datapine

NOVEMBER 27, 2019

Then, calculations will be run and come back to you with growth/trends/forecast, value driver, key segments correlations, anomalies, and what-if analysis. Predictive analytics is the practice of extracting information from existing data sets in order to forecast future probabilities. 5) Collaborative Business Intelligence.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

erwin

JUNE 11, 2020

Data intelligence has provided useful and insightful information to numerous markets and industries. The travel industry has found enhanced quality and range of products and services to provide travelers, as well as optimization of travel pricing strategies for future travel offerings. Apply real-time data in marketing strategies.

Key Performance Indicator 103

Key Performance Indicator KPI Data-driven Machine Learning 103

CIO Business Intelligence

APRIL 12, 2022

Further, the tools and devices available on the market are proprietary and prone to vendor lock-in. This takes the sensors closer to the actual goods and improves the quality and adds to the total amount of data, which ultimately enables everyone in the supply chain to make better decisions, so waste is reduced and processes are optimized.”.

IoT 103

IoT Analytics Manufacturing Cost-Benefit 103

CIO Business Intelligence

SEPTEMBER 8, 2022

The ability to pivot quickly to address rapidly changing customer or market demands is driving the need for real-time data. Business and IT leaders must keep pace with customer demands while dealing with ever-shifting market forces. Use real-time data for business agility, efficient operations, and more.

Cost-Benefit 108

Cost-Benefit Internet of Things Data-driven Data Lake 108

IBM Big Data Hub

FEBRUARY 23, 2024

Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends. Optimal for handling repetitive, straightforward queries, they are best suited for businesses with simpler customer interaction requirements.

Enterprise 97

Enterprise Interactive Data-driven Key Performance Indicator 97

Smart Data Collective

APRIL 7, 2022

Predictive analytics tools use market data to forecast trends and ensure e-commerce companies sell products that will be in demand. Data analytics tools can be integrated with advertising platforms to help e-commerce companies optimize their marketing strategies.

B2B 106

B2B Sales Big Data Cost-Benefit 106

Smart Data Collective

SEPTEMBER 23, 2020

The market for data warehouses is booming. One study forecasts that the market will be worth $23.8 It is vital to know the difference between the two as they serve different principles and need diverse sets of eyes to be adequately optimized. billion by 2030. Demand is growing at an annual pace of 29%.

Data Lake 106

Data Lake Data Warehouse Unstructured Data Big Data 106

Smart Data Collective

SEPTEMBER 21, 2021

With the increased adoption of cloud and emerging technologies like the Internet of Things, data is no longer confined to the boundaries of organizations. Using data fabric also provides advanced analytics for market forecasting, product development, sale and marketing. Native code generation.

Management 103

Management Internet of Things Data Quality Data Integration 103

IBM Big Data Hub

JUNE 20, 2023

Valuable assets can be complex and markets are always shifting, so during this phase, it’s important to weigh the depreciation of the current asset against the rising cost of maintaining it in order to calculate its overall ROI. Put simply, it’s about fixing things before they break.

Strategy 72

Strategy Management Cost-Benefit IoT 72

Smart Data Collective

JULY 2, 2019

Better distribution, cost savings, technical improvements and, above all, the optimization of resources are some of the spaces that are opened up thanks to new technologies. But how can the “Internet of Things” contribute to energy efficiency? Most forecasts indicate that it is going to increase.

Data Analytics 76

Data Analytics Internet of Things Analytics Big Data 76

IBM Big Data Hub

FEBRUARY 6, 2024

This unified view gives administrators and development teams centralized control over their infrastructure and apps, making it possible to optimize cost, security, availability and resource utilization. A CMP creates a single pane of glass (SPOG) that provides enterprise-wide visibility into multiple sources of information and data.

Cost-Benefit 101

Cost-Benefit Digital Transformation Software Modeling 101

IBM Big Data Hub

MARCH 4, 2024

In the four years since it burst onto the market, 5G has been widely touted as a disruptive technology, capable of transformation on a similar scale to artificial intelligence (AI) , the Internet of Things (IoT) and machine learning (ML). Why is 5G important?

IoT 96

IoT Internet of Things Technology Enterprise 96

IBM Big Data Hub

JUNE 15, 2023

This keeps maintenance information in one place and easily accessible to workers who must use it to perform regular maintenance activities like forecasting and replenishment. Enterprise asset management with the IBM Maximo Application Suite helps companies optimize asset performance and extend asset lifespans.

Management 68

Management Broadcasting Cost-Benefit IoT 68

Jet Global

JUNE 18, 2019

Of all the transformative effects the internet has had on the world of business, none is more dramatic than the proliferation of data it has enabled. The new age of manufacturing has resulted in an opportunity to optimize every stage of the supply chain to make it more efficient and profitable. What is Big Data Analytics Software?

Big Data 75

Big Data Software Data Analytics Analytics 75

IBM Big Data Hub

JULY 5, 2023

Read this blog post to explore how digital twins can help you optimize your asset performance. Reduced risk of security breaches: Through real-time asset tracking and improved asset security capabilities, market-leading ALM systems can now help businesses track and monitor their assets in a way that helps prevent theft and data breaches.

Strategy 53

Strategy Management IoT Cost-Benefit 53

Cloudera

JANUARY 20, 2021

Digital transformation is a hot topic for all markets and industries as it’s delivering value with explosive growth rates. Reporting – delivering business enterprise insight (sales analysis and forecasting, market research, budgeting as examples). Fig 1: The Enterprise Data Lifecycle.

Digital Transformation 107

Digital Transformation Manufacturing Data Warehouse Predictive Analytics 107

IBM Big Data Hub

JULY 27, 2023

The oil and gas industry remains an integral part of the energy landscape, but it faces a number of modern challenges, including volatile market conditions, expanding environmental regulations and the growing need for operational efficiency. As of 2022, the EAM market was valued at nearly $6 billion , with a compound annual growth rate of 16.9%

Cost-Benefit 56

Cost-Benefit IoT Internet of Things Enterprise 56

Smart Data Collective

NOVEMBER 25, 2019

New data-collection technologies , like internet of things (IoT) devices, are providing businesses with vast banks of minute-to-minute data unlike anything collected before. Predictive analytics is the use of data and AI-powered algorithms to help analysts forecast the future and better predict business outcomes.

Business Intelligence 101

Business Intelligence Predictive Analytics Data Collection Internet of Things 101

Jet Global

OCTOBER 3, 2019

Of all the transformative effects the internet has had on the world of business, none is more dramatic than the proliferation of data it has enabled. The new age of manufacturing has resulted in an opportunity to optimize every stage of the supply chain to make it more efficient and profitable. What is Big Data Analytics Software?

Big Data 53

Big Data Software Data Analytics Analytics 53

Alation

AUGUST 2, 2022

By considering the buyer’s journey across the marketing, sales, and customer service funnels, you can build long-term relationships that enhance revenue and enable long-term growth. Using data to understand customers’ needs allows you to: Provide meaningful educational marketing materials. Accelerate the sales cycle.

Strategy 52

Strategy Cost-Benefit Metrics Data Lake 52