Smart Data Collective

AUGUST 17, 2021

A growing number of businesses are discovering new applications for data analytics technology as they strive to streamline operations and boost their bottom lines. Many companies have found that analytics technology is ideal for optimizing their business models in a number of ways. Clarify Your Business Metrics.

Measurement 120

Measurement Optimization Analytics Metrics 120

CIO Business Intelligence

JULY 20, 2022

As technology continues to take a larger role in corporate sustainability practices, CIOs can play a key role in driving both business value and environmental, social, and governance (ESG) performance. In fact, creating and implementing a comprehensive sustainable technology strategy must now be the core mission of a purpose-driven CIO.

Technology 145

Technology Metrics Strategy Measurement 145

Smart Data Collective

FEBRUARY 22, 2022

They are finding new ways to leverage data analytics and AI technology to maximize their ROI. The problem is that some new e-commerce companies don’t know how to use data technology effectively. Keep reading to learn more about the metrics that data-driven online stores are prioritizing.

Data-driven 129

Data-driven Metrics Sales Big Data 129

IBM Big Data Hub

JANUARY 16, 2024

A finely tuned product development strategy is a holistic, cross-collaborative endeavor with the capacity to help any organization weather unforeseen events or market changes. Why is a strong product development strategy important? Consumers have access to more information than ever to compare products and brands.

Strategy 76

Strategy Cost-Benefit Testing Manufacturing 76

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Strategy 66

Strategy Cost-Benefit Key Performance Indicator Consulting 66

CIO Business Intelligence

NOVEMBER 22, 2022

Every enterprise needs a data strategy that clearly defines the technologies, processes, people, and rules needed to safely and securely manage its information assets and practices. Here’s a quick rundown of seven major trends that will likely reshape your organization’s current data strategy in the days and months ahead.

Data Strategy 145

Data Strategy Strategy Enterprise Consulting 145

CIO Business Intelligence

NOVEMBER 14, 2023

Although some continue to leap without looking into cloud deals, the value of developing a comprehensive cloud strategy has become evident. Without a clear cloud strategy and broad leadership support, even value-adding cloud investments may be at risk. And it’s never too late for CIOs to reassess their cloud strategies.

Strategy 145

Strategy Cost-Benefit IT Key Performance Indicator 145

IBM Big Data Hub

DECEMBER 20, 2023

Customer experience strategy (CX strategy) is when organizations optimize customer engagements to create happy customers, drive customer loyalty and help to recruit new customers. Seven hallmarks of a successful customer experience strategy Customer experience requires the right strategy and dedicated actions to drive success.

Strategy 63

Strategy Consulting Key Performance Indicator Metrics 63

CIO Business Intelligence

JUNE 9, 2023

But head starts don’t need to take years to make a difference, especially in the fast-moving world of technology where the window of opportunity is much shorter. In technology, hesitate, and you may not be able to catch up to your competitors. Such is the case with a data management strategy. That’s an almost 20-year head start.

Strategy 116

Strategy Management Key Performance Indicator ROI 116

Smart Data Collective

AUGUST 16, 2021

Analytics technology is very important for online businesses. You need to pay close attention to analytics data on various KPIs to determine whether your strategy is working well and what tweaks need to be made. Pay attention to the following metrics in your analytics dashboard to help you achieve greater success with your store.

Metrics 129

Metrics Analytics Cost-Benefit Sales 129

IBM Big Data Hub

AUGUST 3, 2023

Organizations increasingly depend on their technology stack—which comprises the totality of their network interfaces, CPUs, virtual machines, operating system information and installed applications—to deliver consistent service to the end user. Certain applications that are resource-intensive can impact performance elsewhere.

Measurement 63

Measurement Metrics Risk Software 63

IBM Big Data Hub

NOVEMBER 30, 2023

Ever since the pandemic changed the corporate world, organizations have rededicated themselves to excelling at employee experience strategy. Five ways to improve your employee experience strategy Focusing on providing a positive employee experience is the first responsibility. But empathy cannot be faked or applied in half measures.

Strategy 98

Strategy Consulting Reporting Management 98

Jet Global

JANUARY 8, 2021

An Operations Key Performance Indicator (KPI) or metric is a discrete measurement that a company uses to monitor and evaluate the efficiency of its day-to-day operations. These operations KPIs help management identify which operational strategies are effective, and those that inhibit the company.

Metrics 131

Metrics Manufacturing Reporting KPI 131

IBM Big Data Hub

DECEMBER 8, 2023

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Building a strong risk mitigation strategy can set up an organization to have a strong response in the face of risk.

Risk 68

Risk Strategy Risk Management Insurance 68

IBM Big Data Hub

NOVEMBER 20, 2023

An organization is only as strong as its talent pool, so organizations have increasingly embraced talent management as a core component of their overarching strategy. That means the organization needs to identify the metrics it wants to track and create employee assessments to ensure it is tracking employee growth accurately.

Strategy 99

Strategy Management Cost-Benefit Consulting 99

datapine

APRIL 12, 2023

A loyal, high-value repeat customer is worth more than a cheap sale, and by implementing the right strategy, setting the right goals, and working with the right KPIs, you will achieve the results you desire. But how do you calculate the impact of your promotional strategies? What Are Incremental Sales? Keep reading to find out!

Sales 176

Sales KPI Metrics Cost-Benefit 176

Alation

OCTOBER 5, 2021

What is data governance and how do you measure success? Answers will differ widely depending upon a business’ industry and strategy for growth. The first step towards a successful data governance strategy is setting appropriate goals and milestones. Why is your data governance strategy failing?

Data Governance 96

Data Governance Strategy Data Quality Metrics 96

CIO Business Intelligence

APRIL 14, 2022

This article was co-authored by Katherine Kennedy , an Associate at Metis Strategy. The ability to provide transparent, data-driven insights and measure progress toward ESG commitments makes the technology leader critical to the success of any ESG strategy. Smarter operations through integrated data and analytics.

Strategy 111

Strategy Digital Transformation IoT Measurement 111

datapine

MARCH 22, 2019

Read here how these metrics can drive your customers’ satisfaction up! Customer satisfaction metrics evaluate how the products or services supplied by a company meet or surpass a customer’s expectations. How To Measure Customer Satisfaction? How To Measure Customer Satisfaction?

Metrics 134

Metrics Dashboards Measurement Interactive 134

Smart Data Collective

APRIL 20, 2021

However, only 20 percent consider their digital transformation strategies effective. The study’s findings are expected to help companies gain useful insights and a better understanding of big data and digital adoption including the use of digital technologies in operating businesses and the management of digital tech in the workplace.

Big Data 94

Big Data Strategy Digital Transformation Metrics 94

CIO Business Intelligence

FEBRUARY 13, 2024

Business alignment is often heralded as a key tenet of successful IT strategies. For example, if you are in banking, your organization is likely to measure itself by profitability ratios such as net interest margin (the difference between interest income generated and interest expenses) or PCL (provision for credit losses).

Measurement 111

Measurement Metrics Strategy Marketing 111

datapine

JULY 6, 2022

1) What Are Productivity Metrics? 2) How To Measure Productivity? 3) Productivity Metrics Examples. 4) The Value Of Workforce Productivity Metrics. For years, businesses have experimented and narrowed down the most effective measurements for productivity. What Are Productivity Metrics? Table of Contents.

Measurement 243

Measurement Metrics KPI Sales 243

IBM Big Data Hub

NOVEMBER 30, 2023

Talent acquisition refers to the ongoing strategy and process an organization and its HR department uses to source, attract, evaluate, hire and retain the highly-qualified new employees it needs to grow. A well-crafted talent acquisition strategy has become a critical component for organizations seeking to secure a competitive edge.

Strategy 62

Strategy Cost-Benefit Consulting Data-driven 62

O'Reilly on Data

JULY 28, 2020

The first step in building an AI solution is identifying the problem you want to solve, which includes defining the metrics that will demonstrate whether you’ve succeeded. It sounds simplistic to state that AI product managers should develop and ship products that improve metrics the business cares about. Agreeing on metrics.

Marketing 361

Marketing Experimentation Metrics Testing 361

IBM Big Data Hub

MARCH 7, 2024

For example, when building technology, it is important that employees are aware of the cultural connotations of color schemes, symbols, and graphics. One approach is through targeted recruitment strategies that focus on attracting a diverse pool of candidates. However, implementing these strategies is just the beginning.

Metrics 94

Metrics Measurement Strategy Software 94

IBM Big Data Hub

JULY 25, 2023

New technologies are shaping the way we produce, distribute and consume energy. But the import of smart grid technologies transcends utility companies; smart grids also empower consumers to take control of their energy consumption. One such technology is advanced metering infrastructure (AMI). Wi-Fi, Z-Wave, Zigbee and 4G/5G).

Optimization 56

Optimization Technology Measurement Cost-Benefit 56

IBM Big Data Hub

DECEMBER 5, 2023

While every customer interaction is different, organizations that want to improve customer retention and grow their customer base must create an effective customer service strategy. Sign up for customer and employee experience topic updates Six tips to ensure a successful customer service strategy 1.

Strategy 63

Strategy Consulting Key Performance Indicator Measurement 63

IBM Big Data Hub

JUNE 20, 2023

Here’s what you need to know in order to build a successful strategy. Digital twin technology: A digital twin is a virtual representation of an asset a company intends to acquire that assists organizations in their decision-making process. What is an asset? Companies use assets to create value.

Strategy 71

Strategy Management Cost-Benefit IoT 71

CIO Business Intelligence

MARCH 6, 2024

While the product team was busy doing that, my team worked with the operations functions and our strategy team to completely reimagine our front- and back-office processes and supporting applications to enable this new cloud company. Look at changing metrics and KPIs as a gift. How would you characterize your architecture now?

Modeling 116

Modeling Management IT Metrics 116

Anmut

MARCH 22, 2023

A data maturity model helps your company measure its data and business health. This stage is typical for organisations that are just starting to develop their data strategy. Sadly, this lack of senior data ownership means technology investments are often confused with data investments. Why do we need data maturity models?

Measurement 52

Measurement Modeling Data Quality Data Governance 52

CIO Business Intelligence

JANUARY 10, 2024

Optimizing cloud investments requires close collaboration with the rest of the business to understand current and future needs, building effective FinOps teams, partnering with providers, and ongoing monitoring of key performance metrics. We need hard metrics because we’re running 800 instances of cloud computers.

Cost-Benefit 124

Cost-Benefit Measurement Optimization Metrics 124

datapine

JULY 26, 2022

Enter small business dashboards and metrics. Modern dashboarding software technologies use data visualizations as a base, making them easy to manage and understand. What Are Small Business Metrics? While you might think that metrics for smaller companies look a lot different than they do for bigger ones, it is not like that.

Dashboards 151

Dashboards KPI Metrics Sales 151

DataKitchen

JANUARY 20, 2021

Centralizing analytics helps the organization standardize enterprise-wide measurements and metrics. With a standard metric supported by a centralized technical team, the organization maintains consistency in analytics. Examples of technologies that can be delivered ‘as a service’ include: Source code control repository.

Metrics 243

Metrics Experimentation Measurement Testing 243

CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. Continuous and dependable funding facilitates IT leaders’ ability to deliver leading-edge technology solutions while not increasing technical debt. Meanwhile, CIOs want certainty when it comes to funding.

Modeling 124

Modeling Cost-Benefit IT ROI 124

Smart Data Collective

JUNE 21, 2023

We have talked about a number of the ways that business leaders are investing in big data technology and analytics. Human resources (HR) professionals play a critical role in this process, and one powerful tool they can utilize is HR metrics. Analytics is undoubtedly changing the future of the business world.

Data-driven 81

Data-driven Analytics Metrics Big Data 81

IBM Big Data Hub

SEPTEMBER 6, 2023

Today, AI technologies are being used more widely than ever to generate content, improve customer experiences and deliver more accurate results. Search engine optimization (SEO): Deploying an AI solution to enhance search engine optimization (SEO) helps marketers increase page rankings and develop more sound strategies.

Marketing 79

Marketing Technology Advertising ROI 79

Smart Data Collective

NOVEMBER 5, 2023

Companies are projected to spend over $10 billion on marketing analytics technology in 2028. The digital marketing sector is among those most influenced by the benefits of analytics technology. Why Are More Companies Investing in Analytics to Bolster their Digital Marketing Strategies? The benefits are massive.

Marketing 104

Marketing Analytics ROI Data-driven 104