Smart Data Collective

AUGUST 26, 2021

Weather forecasting technology has grown from strength to strength in the last few decades. Gone are the days when you had to wait for the local news channel to share the weather forecasts for the next day. But if there’s one technology that has revolutionized weather forecasting, it has to be data analytics.

Forecasting 131

Forecasting Data Analytics Analytics IoT 131

AWS Big Data

APRIL 11, 2023

Forecasting is another critical component of effective inventory management. Accurately predicting demand for products allows businesses to optimize inventory levels, minimize stockouts, and reduce holding costs. However, forecasting can be a complex process, and inaccurate predictions can lead to missed opportunities and lost revenue.

Forecasting 74

Forecasting Management IoT Data-driven 74

CIO Business Intelligence

FEBRUARY 8, 2024

Cognizant Technology Solutions announced a full-year revenue forecast below expectations. If there is a need, they will continue to add capacity or else scale down and optimize the cost.” These developments, along with broader market reports, have cast a shadow over the growth prospects of the IT services sector.

IT 98

IT Uncertainty Consulting Forecasting 98

Jedox

JULY 30, 2020

Rolling forecasts are a specific type of financial forecasting that use existing data to help predict aspects of business performance throughout the year. In this blog post, we explain what’s unique about this type of forecasting, how it works and why more and more companies are opting for rolling forecasts.

Forecasting 89

Forecasting Finance Marketing Sales 89

Smarten

JUNE 14, 2023

GPT-4 has a capacity of more than 175 billion machine learning parameters, and can support many types of tasks, e.g., answering questions, providing machine translation, summarizing text, time series forecasting, etc. If we are to safely and securely optimize its potential, GPT must be managed as it evolves.

Optimization 52

Optimization IT Digital Transformation Consulting 52

Dataiku

JULY 8, 2020

Not only can organizations leverage data science and machine learning for things like time savings, more efficient processes, and cost optimization, but they can also use it for fully automated cash flow forecasting that can produce results precise enough for the modern enterprise and a changing environment.

Forecasting 109

Forecasting Machine Learning Data Science Optimization 109

CIO Business Intelligence

MARCH 12, 2024

Sales leaders will also be able to use it to enhance sales forecast accuracy and receive real-time coaching tips for their teams, the company said. For the marketing offering, the Copilot will enable users to design optimal campaign flows, select the most responsive audiences, and prepare all necessary communication templates.

IT 98

IT Sales Forecasting Marketing 98

IBM Big Data Hub

JULY 5, 2023

I have talked to guests who turned from being software experts to hardware experts, who went from working on Java compilers to developing AI-optimized mainframe chips, from research to consulting, and more. In this final blog post, I want to talk about the theme of “Life Stories.” It’s part of their DNA.

Forecasting 55

Forecasting Software Consulting Optimization 55

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. Collecting Relevant Data for Conversion Rate Optimization Here is some vital data that e-commerce businesses need to collect to improve their conversion rates. One report found that global e-commerce brands spent over $16.7 billion on analytics last year.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

CIO Business Intelligence

APRIL 30, 2024

IDC forecast shows that enterprise spending (which includes GenAI software, as well as related infrastructure hardware and IT/business services), is expected to more than double in 2024 and reach $151.1 over the 2023-2027 forecast period 1. over the 2023-2027 forecast period 1. Bandwidth optimization. over 2023 2.

Forecasting 98

Forecasting Optimization Advertising IoT 98

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. It’s an issue that’s coming to the fore with the steady migration to the cloud.

Optimization 111

Optimization Cost-Benefit Consulting Strategy 111

Smart Data Collective

FEBRUARY 9, 2022

Luckily, there are a few analytics optimization strategies you can use to make life easy on your end. Helps you to determine areas of abnormal losses and profits to optimize your trading algorithm. Geometric trading patterns can help you forecast how markets will behave. But first, What is DirectX Anyway?

Visualization 133

Visualization Optimization Analytics Testing 133

IBM Big Data Hub

MAY 1, 2024

In the age of digital transformation, the integration of advanced technologies like generative artificial intelligence brings a new era of innovation and optimization. From demand forecasting to route optimization, inventory management and risk mitigation, the applications of generative AI are limitless.

Forecasting 62

Forecasting Optimization Digital Transformation Risk 62

CIO Business Intelligence

NOVEMBER 18, 2022

To optimize cloud investments, C-level executives are increasingly adopting cloud financial operations (FinOps). In this article, I’ll explore common cloud optimization and FinOps challenges and strategies for overcoming them. Utilization and efficiency provide vital insights for understanding the business value of expenses incurred.

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

IBM Big Data Hub

AUGUST 7, 2023

This article, part of the IBM and Pfizer’s series on the application of AI techniques to improve clinical trial performance, focuses on enrollment and real-time forecasting. The ability to seize these advantages is one way that pharmaceutical companies may be able to gain sizable competitive edge.

Optimization 60

Optimization Forecasting Data-driven Strategy 60

IBM Big Data Hub

JULY 25, 2023

This software, and the insights it provides, can help providers predict demand patterns, identify potential issues and optimize the distribution network. Optimizing your smart grid Smart grid technology has countless benefits, including increased grid efficiency and reliability and easy integration with renewable energy sources.

Optimization 61

Optimization Technology Measurement Cost-Benefit 61

DataRobot

APRIL 26, 2021

Demand forecasting is a common Time Series use case in DataRobot. Using historical sales data, together with data related to product features, calendar of events, and economic indicators, we can produce forecasts of future demand. To improve the performance of such demand forecasting models, we can use several modeling techniques.

Forecasting 59

Forecasting Sales Data-driven Modeling 59

Sisense

FEBRUARY 25, 2021

One of the most important applications of data is using it to forecast the future. This is where forecasting analytics can be a game-changer in the decision-making process. There is a massive need for forecasting analytics in this use case, but how does a theater use data to guide decisions? Data-driven forecasting decisions.

Forecasting 52

Forecasting Analytics Predictive Modeling Machine Learning 52

IBM Big Data Hub

DECEMBER 19, 2023

As organizations collect larger data sets with potential insights into business activity, detecting anomalous data, or outliers in these data sets, is essential in discovering inefficiencies, rare events, the root cause of issues, or opportunities for operational improvements. But what is an anomaly and why is detecting it important?

Machine Learning 72

Machine Learning Optimization Unstructured Data Sales 72

Cloudera

DECEMBER 20, 2022

With the right insights, energy production from renewable assets can be optimized and better predict the future of supply and demand. This scenario suggests that in the not too distant future, there will be a large “long-tail” of producers that will have to be taken into account for any production forecasting model.

Optimization 79

Optimization Data Analytics Analytics Cost-Benefit 79

Jedox

AUGUST 13, 2020

In our last post, “ Rolling Forecasts: The Pros and Cons ,” we looked at why rolling forecasts are used, when it makes sense to use them, and for whom. In our third and last post in this series, we give five tips for a successful implementation of rolling forecasts in your organization’s FP&A processes. .

Forecasting 52

Forecasting Risk Finance Software 52

CIO Business Intelligence

FEBRUARY 13, 2023

We run factories and help companies run them and optimize them” and AI is used to optimize everything from getting more throughput to better quality to preventative maintenance, productivity, and cost optimization, Nardecchia says. The company is embedding AI into each level of the tech stack it sells to customers, he says. “We

IT 145

IT Insurance Machine Learning Marketing 145

Smart Data Collective

APRIL 20, 2020

Corporations need data to forecast the market’s future and the recent drop in the price of fossil fuels have invigorated alternative energy projects globally. Analytics are helping the energy sector to optimize power generation and planning. Smart metering helps predict demand and forecasts what will be needed based on data.

Forecasting 96

Forecasting Uncertainty Big Data Marketing 96

datapine

MAY 2, 2023

You can use big data analytics in logistics, for instance, to optimize routing, improve factory processes, and create razor-sharp efficiency across the entire supply chain. The complex and ever-evolving nature of logistics makes it an essential use case for big data applications. Did you know? Where is all of that data going to come from?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

CIO Business Intelligence

JUNE 22, 2023

Consulting In the consulting industry, technology has become an important tool for making decisions, designing solutions, improving processes, and providing insights on optimizing business strategy. Technology has quickly become a top priority for businesses across every industry. Average salary: US$131,995 Increase since 2021: 0% 2.

IT 122

IT Insurance Recreation/Entertainment Consulting 122

CIO Business Intelligence

OCTOBER 6, 2023

Business analyst job description BAs are responsible for creating new models that support business decisions by working closely with finance and IT teams to establish initiatives and strategies aimed at improving revenue and/or optimizing costs. What is a business analyst?

IT 128

IT Business Analysis Key Performance Indicator Cost-Benefit 128

Jedox

JUNE 24, 2021

Classic sales-support activities such as sales enablement, sales process development, sales training, sales analytics, sales metrics and sales forecasting are unthinkable without the above-mentioned data. Maximizing business value through improved collaboration is key to long-term optimization of marketing and sales operations.

Sales 94

Sales Marketing Optimization Metrics 94

CIO Business Intelligence

JANUARY 18, 2024

Global spending on technology is predicted to be up by virtually all forecasts. Technical vision: Planning, deploying, measuring, optimizing, and scaling for current and future state capacities is essential in today’s disruptive IT landscape. By all accounts, 2024 will be a good year on the CIO hiring front.

IT 126

IT Data-driven Marketing Technology 126

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. Data Analyst Solomon Nyamson wrote an article on Linkedin pointing out that predictive analytics tools like Sarima have made it easier than ever to forecast retail sales due to seasonal changes.

Management 118

Management Analytics Predictive Analytics Cost-Benefit 118

Smarten

MARCH 23, 2020

These types of decision-making can be particularly dangerous to your business when they are applied to predicting and forecasting. Are you tired of using guesswork and opinions to make business decisions? Your business users do not need to have the skills of a data scientist or an IT staff member in order to do this work.

Predictive Analytics 52

Predictive Analytics Forecasting Predictive Modeling Analytics 52

IBM Big Data Hub

FEBRUARY 19, 2024

Effective SCM initiatives offer several benefits: Lower operational costs : By optimizing inventory levels , improving warehousing efficiency and streamlining order fulfillment processes, companies can save on storage, labor and transportation expenses.

Strategy 88

Strategy Management Forecasting Cost-Benefit 88

CIO Business Intelligence

OCTOBER 16, 2023

Predictive AI uses advanced algorithms based on historical data patterns and existing information to forecast outcomes to predict customer preferences and market trends — providing valuable insights for decision-making. While predictive AI certainly isn’t a new concept, it’s been seen as the little brother to GenAI. But it shouldn’t.

Forecasting 137

Forecasting Machine Learning Software Data-driven 137

CIO Business Intelligence

FEBRUARY 10, 2023

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. Energy: Forecast long-term price and demand ratios. Forecast financial market trends.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

JULY 31, 2023

After all, each of these is part of your mandate, as a CIO, to optimize the organization’s digital potential. For those companies operating on a calendar year, the end of summer signals the start of annual planning and the mad dash to prepare their IT strategies. This year, before you open any slides, grab a notepad. What’s the vision for IT?

Strategy 98

Strategy IT Cost-Benefit Finance 98

CIO Business Intelligence

FEBRUARY 13, 2024

This in turn helps optimizing fleet performance, the company said, adding that enterprises are currently facing many supply chain challenges, including component shortages, disrupted shipping routes, ever-changing global trade agreements, and volatile customer demand. billion, according to the Gartner forecast made in late 2022.

Management 122

Management Forecasting Machine Learning Business Intelligence 122

CIO Business Intelligence

MARCH 26, 2024

Optimistic of AI demand In the filing, Dell highlighted that despite a general sense of caution among enterprise and large corporate clients, its Infrastructure Solutions Group (ISG) has seen a boost in demand driven by the growing interest in AI-optimized solutions. These actions resulted in a reduction in overall headcount.

Uncertainty 119

Uncertainty Forecasting Optimization Consulting 119

Smart Data Collective

MAY 22, 2019

Marketers can significantly benefit from using big data to optimize their strategies on visual social networks. The problem is not that big data can’t help marketers optimize their strategies on these visual social media platforms. The good news is that predictive analytics makes it much easier to forecast trends and prepare for them.

Optimization 79

Optimization Marketing Big Data Machine Learning 79