Remove 2020 Remove Data Analytics Remove Uncertainty
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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Companies which require immediate business funding are using data analytics tools to research and better understand their options.

Big Data 105
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Decision Making with Uncertainty Requires Wideward Thinking

Andrew White

COVID-19 and the related economic fallout has pushed organizations to extreme cost optimization decision making with uncertainty. As a result, Data, Analytics and AI are in even greater demand. Demand from all these organizations lead to yet more data and analytics. Governing the Least Amount of Data that Matters.

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Move From Insight To Impact: Data Strategy & Insights 2020

Srividya Sridharan

And data, analytics, and AI are going to drive this future. These capabilities are becoming more crucial to stay ahead of uncertainty and change and get smarter about every aspect of your business: your customers, your suppliers and partners, your competitors, your employees, your processes, your operations, and your markets.

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Big Data: The Technology Behind Retailers Success

Smart Data Collective

Big data in retail help companies understand their customers better and provide them with more personalized offers. Data-based insights can help make the right decisions, keep up with market trends and navigate the uncertainty. Big data is a not new concept, and it has been around for a while. Source: Statista.

Big Data 145
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Connect the Data Lifecycle: The power of data

Cloudera

There’s no doubt that cloud has become ubiquitous, and thank goodness for that in 2020. While cloud is the vehicle, it’s what sits on it that makes it so valuable — data. At the end of the day, 2020 could be the year where the connected data lifecycle can make digital transformation a reality for many companies.

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Data Saves Lives and Evolves Businesses: COVID 2020 Reflections

Sisense

As the COVID-19 pandemic drags on, we continue to find examples of organizations that use analytics to manage uncertainty. Data played an outsized role in the necessary changes we’ve seen in 2020 and will have an even greater impact in 2021 and beyond. Softstuff uses data to pivot to direct-to-consumer.

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Operational Finance in the Age of Covid-19: Time to Change the Basics?

Jet Global

Invariably, these activities have seen added stress in 2020. Tip 3: Make decisions with operational data. Operational, or non-financial, data enables CFOs to look further out and predict future demand for goods and service, manage costs, or reforecast inbound delivery schedules.

Finance 98