Smart Data Collective

FEBRUARY 20, 2022

If you are running a business that has not yet adapted a data strategy, you should keep reading. A report last July found that 30% of companies have a formal data strategy. These companies tend to have a much better ROI than those without one. However, knowing how to execute a data strategy isn’t always easy.

Big Data 111

Big Data Management Finance Data-driven 111

CIO Business Intelligence

DECEMBER 1, 2022

Kanioura, who was hired away from Accenture two years ago to serve as the food and beverage multinational’s first chief strategy and transformation officer, says earning employee trust was one of her greatest challenges in those early months. But there is more room to go.

Digital Transformation 144

Digital Transformation IoT Data-driven KPI 144

Smart Data Collective

NOVEMBER 17, 2021

But if you don’t know how to invest in stocks or are unsure of investing strategies, how will you make money? You will have a higher chance of improving your ROI, while also being able to meet your investing goals more easily. You will be able to forecast the direction of stock prices, so you can make better long-term buying decisions.

Analytics 111

Analytics Big Data Data-driven ROI 111

BizAcuity

FEBRUARY 15, 2019

Sales Analytics in simple terms can be defined as the process used to identify, understand, predict and model sales trends and sales results and in this process of understanding of these trends helps its users in finding improvement points. Image Source: [link]. It can help the wider company management team in making better decisions.

Sales 67

Sales Analytics ROI B2B 67

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Cost-Benefit 87

Cost-Benefit Insurance Unstructured Data Machine Learning 87

datapine

NOVEMBER 5, 2019

Studies suggest that businesses that adopt a data-driven marketing strategy are likely to gain an edge over the competition and in turn, increase profitability. By closely inspecting these crucial financial indicators, you can immediately understand how your company’s assets are managed and adjust your strategies accordingly, if needed.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

datapine

JANUARY 18, 2023

That said, there are various types of reports that can be used for different purposes, rather you want to track the progress of your strategies or stay compliant with financial laws, there is a different report for each task. With this information in hand, businesses can build strategies based on analytical evidence and not simple intuition.

Reporting 201

Reporting Metrics Dashboards Visualization 201

datapine

JANUARY 21, 2020

Enhancing the recruitment process with HR analytics tools can bring dynamic data under the umbrella of BI reporting, making feedbacks, interviews, applicants’ experience and staffing analysis easier to process and derive solutions. Operational optimization and forecasting. Utilization of real-time and historical data.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

Alation

MARCH 21, 2023

As an industry with tight margins, travel and tourism companies can use analytics to detect trends that help them reduce costs, decide future product and service offerings, and develop successful business strategies. Some companies struggle to optimize their data’s value and leverage analytics effectively.

Data Analytics 52

Data Analytics Analytics Data-driven Big Data 52

Smart Data Collective

FEBRUARY 14, 2023

One of the biggest is that more financial institutions are using predictive analytics tools to assist with asset management. Predictive Asset Analytics, Riskalyze and Altruist are some of the tools that use predictive analytics to improve asset management for both individual and institutional investors.

Predictive Analytics 107

Predictive Analytics Management Analytics Risk 107

DataRobot Blog

NOVEMBER 8, 2022

In a world that is increasingly outcome-focused and platform-based, we have integrated strategy and predictive analytics to move at the speed of our clients’ decisions and established a scalable framework for uncovering and acting on insights in an organized, simple, and transparent operating model.

Predictive Analytics 59

Predictive Analytics Marketing Analytics Data-driven 59

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. This is predictive power discovery. Which pricing strategies lead to the best business revenue?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

Smart Data Collective

OCTOBER 13, 2021

What is the cost and ROI of Data Virtualization? The ROI is obtained by savings in the cost of hardware, software, storage, development and maintenance. The study and analysis of data allows to improve the automation of processes, optimizing sales strategies and improving business efficiency. In forecasting future events.

Visualization 135

Visualization Cost-Benefit Big Data Prescriptive Analytics 135

Alation

JANUARY 27, 2022

Analytics can identify patterns that depict risks, opportunities, and trends. And historical data can be used to inform predictive analytic models, which forecast the future. The insights gained from analytics can provide value to businesses in several ways. What Is the Value of Analytics? Boost Revenue.

Data Governance 52

Data Governance Analytics Cost-Benefit Data-driven 52

Andrew White

JANUARY 11, 2021

Do you recommend a consulting approach strategy rather than a CDO strategy? How do you think Technology Business Management plays into this strategy? As such any Data and Analytics strategy needs to incorporate data sovereignty as per of its D&A governance program. I am sorry I don’t know what that is.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

MAY 1, 2023

In a recent study by Mordor Intelligence , financial services, IT/telecom, and healthcare were tagged as leading industries in the use of embedded analytics. Healthcare is forecasted for significant growth in the near future. Return on Investment Now we bring it all together to calculate the ROI on embedded analytics.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52