Smart Data Collective

APRIL 13, 2020

Big data is crucial for any organization that wants to attract and retain customers. A study by McKinsey Global Institute found that data-driven companies are 400% more likely to retain customers and 2,200% more likely to acquire new ones. Fewer experts have emphasized the significance of big data.

Data Collection 141

Data Collection Big Data Cost-Benefit Data-driven 141

Smart Data Collective

JUNE 6, 2021

While you may think that you understand the desires of your customers and the growth rate of your company, data-driven decision making is considered a more effective way to reach your goals. The use of big data analytics is, therefore, worth considering—as well as the services that have come from this concept, such as Google BigQuery.

Big Data 137

Big Data Data Analytics Analytics Cost-Benefit 137

Smart Data Collective

APRIL 5, 2019

Big data is playing a more important role than ever in fine-tuning the relationship between customers and brands. The Complex Role Between Big Data and Social Listening Tools. million in Series B in 2010, and was quickly acquired by Twitter for $40 million in 2011.

Big Data 101

Big Data Interactive Data-driven Machine Learning 101

Smart Data Collective

APRIL 2, 2019

These massive storage pools of data are among the most non-traditional methods of data storage around and they came about as companies raced to embrace the trend of Big Data Analytics which was sweeping the world in the early 2010s. The Thrust for Data Lake Creation. Big Data is, well…big.

Data Lake 106

Data Lake Big Data OLAP Testing 106

Occam's Razor

APRIL 8, 2013

We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. Airbnb had enough data points to be confident in their results. By 2011, the company had 20 full-time photographers on staff.

Metrics 157

Metrics KPI Analytics Key Performance Indicator 157

Domino Data Lab

MARCH 3, 2019

Then, when we received 11,400 responses, the next step became obvious to a duo of data scientists on the receiving end of that data collection. Over the past six months, Ben Lorica and I have conducted three surveys about “ABC” (AI, Big Data, Cloud) adoption in enterprise.

Data Science 49

Data Science Deep Learning Machine Learning Modeling 49

The Unofficial Google Data Science Blog

OCTOBER 12, 2017

Implicitly, there was a prior belief about some interesting causal mechanism or an underlying hypothesis motivating the collection of the data. As computing and storage have made data collection cheaper and easier, we now gather data without this underlying motivation.

Experimentation 62

Experimentation Testing Statistics Metrics 62