Rocket-Powered Data Science

MARCH 10, 2020

And this: perhaps the most powerful node in a graph model for real-world use cases might be “context”. How does one express “context” in a data model? After all, the standard relational model of databases instantiated these types of relationships in its very foundation decades ago: the ERD (Entity-Relationship Diagram).

Metadata 250

Metadata Machine Learning ROI Prescriptive Analytics 250

Smart Data Collective

MARCH 25, 2021

According to data from the US Department of Energy, the savings generated by the application of this model reach up to 30% in maintenance costs, with a reduction of approximately 75% in downtime and up to 45% in downtime. Thus, the return on investment (ROI) can be up to 10 times the amount applied.

Machine Learning 106

Machine Learning Predictive Analytics Cost-Benefit ROI 106

CIO Business Intelligence

FEBRUARY 16, 2024

ADP combines various datasets and analytics technologies and builds algorithms and machine learning models to develop custom solutions for its clients, such as determining salary ranges for nurses in a specific state that a healthcare client may be evaluating for relocation. We are still forming [a plan] on how we’re going to do it.”

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

Smarten

SEPTEMBER 19, 2017

Plug n’ Play Predictive Analytics Solutions for Every Business User! Predictive analysis is very important to your organization. If you are to fully leverage predictive analytics, you must provide easy-to-use assisted predictive modeling tool. Contact us to find out how!

Predictive Analytics 63

Predictive Analytics Predictive Modeling ROI Forecasting 63

Smart Data Collective

JULY 13, 2023

Artificial intelligence has substantially helped many companies substantially improve their business models. Some of the predictive analytics tools that can help you assess an SEO agency’s performance include Looker, Improvado and Domo. You will want to use the right predictive analytics tools to accomplish this.

Predictive Analytics 77

Predictive Analytics Marketing ROI Strategy 77

CIO Business Intelligence

FEBRUARY 14, 2023

To succeed with real-time AI, data ecosystems need to excel at handling fast-moving streams of events, operational data, and machine learning models to leverage insights and automate decision-making. AI continues to transform customer engagements and interactions with chatbots that use predictive analytics for real-time conversations.

Data Strategy 116

Data Strategy Strategy Machine Learning Data-driven 116

Smart Data Collective

OCTOBER 19, 2021

One of the newest applications of data analytics in cryptocurrency mining is with yield farming. Many crypto enthusiasts have found that it can help them lift their ROI considerably and address many of the problems that they face. Data Analytics Helps Set the Future of Yield Farming for Cryptocurrency Traders.

Data Analytics 112

Data Analytics Analytics Big Data ROI 112

CIO Business Intelligence

DECEMBER 1, 2022

Tapped to guide the company’s digital journey, as she had for firms such as P&G and Adidas, Kanioura has roughly 1,000 data engineers, software engineers, and data scientists working on a “human-centered model” to transform PepsiCo into a next-generation company. People become embedded into the ways of working successfully,” she says. “Me

Digital Transformation 144

Digital Transformation IoT Data-driven KPI 144

BizAcuity

APRIL 25, 2022

The casino operators are expected to face known challenges of rising competition, decreasing ROI, and a high churn rate. ROI is sacrosanct for a casino business. No ROI, no investment. Casinos have to continuously work on the game mix such that they are able to generate ROI while managing player win expectations.

Marketing 52

Marketing Strategy ROI Digital Transformation 52

Decision Management Solutions

JUNE 19, 2019

Carriers know that leveraging customer data and predictive analytics at the individual customer level is the best way to accomplish these goals of driving revenue, building loyalty, and increasing customer retention. A decision model is the backbone of any decision automation initiative.

Insurance 75

Insurance Consulting Predictive Analytics Interactive 75

Cloudera

JANUARY 5, 2021

To enable these business capabilities requires an enterprise data platform to process streaming data at high volume and high scale, to manage and monitor diverse edge applications, and provide data scientists with tools to build, test, refine and deploy predictive machine learning models. .

Forecasting 91

Forecasting Cost-Benefit Sales Unstructured Data 91

Cloudera

JANUARY 29, 2021

But then conflicting information arrives as VentureBeat reports that around 90 percent of machine learning models never make it into production? These insights will deliver dashboards, reports and predictive analytics that drive high-value manufacturing use cases. Lack of Clear ROI . Ongoing Talent Challenges.

Internet of Things 53

Internet of Things Manufacturing ROI Machine Learning 53

IBM Big Data Hub

JUNE 29, 2023

This information is then used to build predictive models of an asset’s performance over time and help spot potential problems before they arise. One of the ways maintenance managers refine and improve predictive analytics to increase asset reliability is through the creation of a digital twin.

Cost-Benefit 80

Cost-Benefit Measurement Management Predictive Analytics 80

Smart Data Collective

JULY 28, 2021

They have found that using big data can make it easier to streamline their business models and improve their overall ROI. You can use predictive analytics to anticipate shipping needs , but there are even more rudimentary applications that you can take advantage of with data analytics.

Data-driven 134

Data-driven Big Data Manufacturing ROI 134

Sisense

OCTOBER 29, 2021

While even the most advanced analytics systems can’t tell you everything to expect in the months to come, we’ve once again rounded up some of the stories in the news we think you should be aware of to see what’s new in the world of embedded analytics and how you could be doing more with your data. How many people are you reaching?

Analytics 52

Analytics Testing Predictive Analytics Data-driven 52

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].

Sales 67

Sales Analytics ROI B2B 67

IBM Big Data Hub

FEBRUARY 14, 2024

Other uses include Netflix offering viewing recommendations powered by models that process data sets collected from viewing history; LinkedIn uses ML to filter items in a newsfeed, making employment recommendations and suggestions on who to connect with; and Spotify uses ML models to generate its song recommendations.

Cost-Benefit 82

Cost-Benefit Insurance Unstructured Data Machine Learning 82

datapine

JANUARY 6, 2022

Before any serious data analysis can begin, the scale of measurement must be decided for the data as this will have a long-term impact on data interpretation ROI. More often than not, it involves the use of statistical modeling such as standard deviation, mean and median. Variables are exclusive and exhaustive.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Decision Management Solutions

OCTOBER 1, 2021

In fact, companies are spending millions of dollars on deployments of artificial intelligence (AI) and machine learning (ML) technology, but these are often inefficient and show poor ROI. How can you harness the power of prediction to positively impact your business outcomes? What are the successful companies doing differently?

Machine Learning 52

Machine Learning ROI Risk Management 52

Smart Data Collective

MARCH 30, 2022

While there is no debating the huge benefits that analytics technology brings to the ecommerce sector , many experts are pondering what those actual benefits are. New ecommerce startups are discovering interesting ways to utilize analytics. Those that have a solid strategy predicated on it will have a higher ROI.

Analytics 115

Analytics Cost-Benefit Testing Dashboards 115

Jedox

JULY 23, 2019

These are often not “out of the box” solutions and will require us to spend time learning new skills in process automation, analytics and financial modeling. AI-based machine learning and predictive analytics will start to give us more powerful crystal balls. Financial Modeling. Crystal ball.

Technology 52

Technology Forecasting Finance Data-driven 52

Smarten

JANUARY 5, 2023

By embedding BI, you can improve the user adoption rate, lower TCO and improve ROI. AND that isn’t going to change just because you decide to implement a business intelligence or augmented analytics solution. Improve user adoption and ROI for BI investments. Ensure affordable, flexible licensing models.

ROI 52

ROI Business Intelligence Cost-Benefit Software 52

Occam's Razor

AUGUST 22, 2011

Mobile Marketing and Analytics: Click-to-Call Mobile Ad Campaigns. Key To Your Digital Success: Web Analytics Measurement Model. Slay The Analytics Data Quality Dragon & Win Your HiPPO's Love! Web Data Quality: A 6 Step Process To Evolve Your Mental Model. Accuracy, Precision & Predictive Analytics.

KPI 124

KPI Metrics Measurement ROI 124

Decision Management Solutions

JUNE 25, 2019

Data shows that a traditional data-first approach to analytics is not generating much value for companies and I urged the audience instead to adopt a decisions-first mindset. The last mile – getting ML models embedded into production systems – is critically important for analytic value and yet it is hard and often neglected.

Predictive Analytics 75

Predictive Analytics Analytics Data Science Experimentation 75

Smarten

NOVEMBER 3, 2017

Business users can quickly and easily prepare and analyze data and visualize and explore data, notate and highlight data and share data with others to identify the important ‘nuggets’, buried in traditional data, and to connect the dots, find exceptions, identify patterns and trends and better predict results.

Analytics 40

Analytics Visualization Experimentation Cost-Benefit 40

Decision Management Solutions

JULY 8, 2020

The research looked at the increasingly broad portfolio of analytic capabilities available to enterprises – everything from traditional Business Intelligence (BI) capabilities like reporting and ad-hoc queries to modern visualization and data discovery capabilities as well as advanced (predictive) analytics.

Reporting 134

Reporting Analytics ROI Key Performance Indicator 134

CIO Business Intelligence

FEBRUARY 5, 2024

Unlike traditional AI models, which are centralized in the cloud, edge AI processes data locally on devices or edge servers. Healthcare monitoring: Edge AI facilitates remote patient monitoring, predictive analytics and faster diagnostics, revolutionizing healthcare delivery and patient care. Streamline edge operations.

Optimization 124

Optimization Data Governance IoT Enterprise 124

CIO Business Intelligence

APRIL 22, 2024

“But we took a step back and asked, ‘What if we put in the software we think is ideal, that integrates with other systems, and then automate from beginning to end, and have reporting in real-time and predictive analytics?’” CIOs have other work to do to create more business-driven IT shops, Papovsky says.

IT 126

IT Data-driven Strategy Consulting 126

Smart Data Collective

AUGUST 21, 2019

They are using machine learning and predictive analytics to forecast market trends , which can be very useful as they strive to grow. Companies can use machine learning to determine the Amazon FBA products that will be most in demand, which will help them get the highest ROI. Machine Learning is the Key to Choosing FBA Products.

Machine Learning 77

Machine Learning ROI Marketing Big Data 77

Occam's Razor

JANUARY 6, 2010

The second was about predictive analytics and how using massive integrations between online and offline databases they had accomplished some really cool reporting of data (and make no doubt the IT work done over 18 months to accomplish this was cool). That's sucking. Young adults who are looking to buy net books.

Analytics 99

Analytics IT Statistics Metrics 99

Smart Data Collective

AUGUST 21, 2019

However, just because a business model is popular doesn’t mean you can go in halfway. They can use many different types of machine learning and predictive analytics technology to get the most of it. A useful business model that many sellers adopt for their digital products is to sell subscriptions.

Big Data 78

Big Data Sales Marketing Predictive Analytics 78

Corinium

APRIL 25, 2019

I’ve found many IT as well as Business leaders have a mental model of data in that it is simply part of, or belongs to, a specific database or application, and thus they falsely conclude that just procuring a tool to protect that given environment will sufficiently protect that data. This is a much more proactive and scalable model.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

IBM Big Data Hub

SEPTEMBER 11, 2023

Codd published his famous paper “ A Relational Model of Data for Large Shared Data Banks.” Thus, was born a single database and the relational model for transactions and business intelligence. enhances data management through automated insights generation, self-tuning performance optimization and predictive analytics.

Machine Learning 85

Machine Learning Cost-Benefit IoT Data Warehouse 85

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 109

Predictive Analytics Management Analytics Risk 109

Alation

MARCH 21, 2023

They may also suffer from data duplication, which undermines their analytics models. Seasonality and trend predictions Many online travel companies use dynamic and flexible pricing strategies to respond to changes in demand and supply.

Data Analytics 52

Data Analytics Analytics Data-driven Big Data 52

Smart Data Collective

DECEMBER 19, 2019

According to the CTO of McAfee, it is very unfortunate that AI provides cybercriminals with the right tools to enjoy a great ROI. Using machine learning models , AI-powered systems easily mimic humans. Modeling User Behavior. Identifying malicious activities and threats much before using advanced predictive analytics.

Machine Learning 61

Machine Learning Reporting Testing Marketing 61

Smarten

JANUARY 7, 2020

’ Modern BI solutions allow for and support user adoption, and deliver more benefit, better ROI and lower TCO to the organization by empowering business users and holding each team member accountable for results. Modern BI supports collaboration, while providing appropriate data governance and data security.

IT 52

IT Business Intelligence ROI Reporting 52