Smart Data Collective

FEBRUARY 22, 2022

Big data has been changing the state of business for years. They are finding new ways to leverage data analytics and AI technology to maximize their ROI. E-commerce startups are investing most heavily in big data, which is why the e-commerce analytics market will be worth over $22 billion by 2025.

Data-driven 141

Data-driven Metrics Big Data Sales 141

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

Smart Data Collective

SEPTEMBER 16, 2022

They are using big data technology to offer even bigger benefits to their fintech customers. The use of artificial intelligence technologies allows for improving the quality of service and minimizing costs. Benefits of Decentralized Finance: Transparency. Cost optimization. Unstructured data.

Unstructured Data 130

Unstructured Data Finance Cost-Benefit Big Data 130

Smart Data Collective

FEBRUARY 17, 2021

Big data has had a tremendous affect on the healthcare sector. By the year 2025, that figure is projected to grow to $67.82 While there are a number of benefits of using data analytics in healthcare, there are also going to be some challenges. In 2017, the global market for healthcare analytics was valued at $16.9

Big Data 89

Big Data Software Marketing Snapshot 89

Smart Data Collective

SEPTEMBER 6, 2020

A growing number of ecommerce platforms have expressed the benefits of data analytics technology and incorporated them into their solutions. How much of a role will big data play in ecommerce? billion on big data by 2025. But how should ecommerce platforms use big data effectively?

B2B 135

B2B Data Analytics Analytics Cost-Benefit 135

datapine

SEPTEMBER 11, 2019

By 2025, the global BI and analytics market is expected to soar to a worth of $147.19 Businesses will create and manage 60% of the world’s data by 2025. 85% of business leaders believe that big data will change the way they do business, significantly, especially in the personalization potential of intelligence.

Business Intelligence 161

Business Intelligence Analytics Sales Dashboards 161

Smart Data Collective

FEBRUARY 22, 2021

Big data is fundamentally altering the future of the automotive industry in wondrous ways. billion on big data solutions in 2025. The sector’s investment in data-driven technology is hardly a surprise. Data management is becoming a bottleneck with self-driving cars. Automotive Production AI.

Analytics 116

Analytics Big Data Cost-Benefit Finance 116

Smart Data Collective

JULY 2, 2019

Big data is playing a surprisingly important role in the evolution of renewable energy. IBM recently published a fascinating paper on the applications of big data for solar and other green energy sources. Other researchers around the world are also talking about the role of data analytics in this dynamic, growing field.

Data Analytics 96

Data Analytics Internet of Things Analytics Big Data 96

Smart Data Collective

MARCH 30, 2022

Ecommerce companies are expected to spend over $24 billion on analytics in 2025. 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. What are the short-term and long-term costs? How many plug-ins will I need?

Analytics 128

Analytics Cost-Benefit Testing Dashboards 128

Smart Data Collective

NOVEMBER 24, 2020

billion by 2025. In this article, you’ll discover: upcoming trends in business intelligence what benefits will BI provide for businesses in 2020 and on? Business intelligence software will be more geared towards working with Big Data. Data Governance. Future of Business Intelligence: Benefits Provided.

Business Intelligence 134

Business Intelligence Visualization Dashboards Prescriptive Analytics 134

Smart Data Collective

OCTOBER 5, 2021

billion by 2025. The utilization of analytics and big data in the marketing industry has played a massive role in this robust growth. One of the most important benefits of analytics in marketing is with PPC marketing. 5 Ways to Use Data Analytics Ensure Your PPC Campaign is Generating Leads.

Analytics 133

Analytics Marketing ROI Testing 133

Smart Data Collective

JUNE 16, 2022

Until now, they were proactively involved to maximize IT efficiencies and accelerate cost savings in general. Having cost-effective and high-quality business analytics tools such as Atlassian, MS Visio, Business Process Modeller, Balsamiq, and similar BA tools is essential for org initiative improvement. bn by 2025. .

Business Analytics 135

Business Analytics Analytics Forecasting Business Analysis 135

BizAcuity

APRIL 14, 2022

Big Data technology in today’s world. Did you know that the big data and business analytics market is valued at $198.08 Or that the US economy loses up to $3 trillion per year due to poor data quality? quintillion bytes of data which means an average person generates over 1.5 Big Data Ecosystem.

Big Data 52

Big Data Data Analytics Management Unstructured Data 52

CIO Business Intelligence

MAY 8, 2024

In the age of big data, where information is generated at an unprecedented rate, the ability to integrate and manage diverse data sources has become a critical business imperative. Traditional data integration methods are often cumbersome, time-consuming, and unable to keep up with the rapidly evolving data landscape.

Data Integration 102

Data Integration IoT Cost-Benefit Machine Learning 102

Smart Data Collective

SEPTEMBER 30, 2021

One of the biggest benefits of AI is that it has helped streamline many workplace functions. According to the analysis of Cybersecurity Ventures, the yearly cost of cybercrime is expected to reach $10.5 trillion , and ransomware damage costs will reach $20 billion by 2025. AI is going to be more important than ever.

Optimization 135

Optimization IoT Data-driven Cost-Benefit 135

IBM Big Data Hub

FEBRUARY 4, 2022

The benefits of providing an enhanced definition for payment transactions include the following: Improving automation to achieve higher straight-through-processing (STP) rates. Leveraging rich data to provide value-added services, such as real-time fraud detection, automated reconciliation, etc. Background on ISO 20022. In the U.S.,

Cost-Benefit 119

Cost-Benefit Machine Learning Reporting Marketing 119

erwin

APRIL 2, 2021

Organizations are managing more data than ever. In fact, the global datasphere is projected to reach 175 zettabytes by 2025, according to IDC. With more companies increasingly migrating their data to the cloud to ensure availability and scalability, the risks associated with data management and protection also are growing.

Data Governance 106

Data Governance Cost-Benefit Metadata Risk 106

CIO Business Intelligence

DECEMBER 6, 2023

An IDC report estimated the global IT developer shortage will reach four million by 2025, leaving businesses struggling to accelerate digital transformation without the needed workforce.

Digital Transformation 116

Digital Transformation Software Cost-Benefit Manufacturing 116

IBM Big Data Hub

FEBRUARY 6, 2024

This infrastructure model relies on a network of remote data centers , servers and storage systems owned and operated by a third-party service provider. A CMP creates a single pane of glass (SPOG) that provides enterprise-wide visibility into multiple sources of information and data.

Cost-Benefit 98

Cost-Benefit Digital Transformation Software Internet of Things 98

IBM Big Data Hub

DECEMBER 21, 2023

According to studies quoted by Deloitte , it is estimated that AI and machine learning will contribute to a 37% increase in labor productivity by 2025. Manufacturing overseas allowed longer production runs with cheaper changeover costs between products, whereas reshoring requires greater flexibility and agility in production systems.

Manufacturing 79

Manufacturing Cost-Benefit Machine Learning Optimization 79

IBM Big Data Hub

APRIL 10, 2024

IDC estimates that 750 million cloud native will be built by 2025. Value delivery and reduced business cost Decreasing production costs helps drive agility by realigning with new business goals sooner. For example, the cost of the technical debt in US was $1.52 Runtime modernization is a big step to curb such issues.

Cost-Benefit 88

Cost-Benefit Software Risk Marketing 88

IBM Big Data Hub

APRIL 18, 2023

Real-Time Payments, for example, have widely adopted ISO 20022 across many countries, and Wire Payments networks are also announcing their support plans, including Fedwire, Lynx and SWIFT, by the end of 2025. Are your payment systems ready to reap these benefits?

Risk Management 110

Risk Management Cost-Benefit Risk Data-driven 110

IBM Big Data Hub

OCTOBER 26, 2023

A recent IDC report — The Business Value of IBM Maximo — that surveyed 9 companies with an average of 8,500 employees, found that after these companies adopted IBM Maximo, it resulted in: a business benefit of approximately USD 14.6 million in total equipment cost avoidances annually. and add-ons by September 2025.

Consulting 92

Consulting Data Processing Cost-Benefit Risk 92

IBM Big Data Hub

MAY 25, 2023

In this blog post, we will examine traditional IT operation problems through the lens of data-driven automation and the benefits of AIOps. And every second counts—a recent IDC survey found that a single hour of downtime costs an average of USD 250K or more when a revenue-generating production service is impacted.

Cost-Benefit 70

Cost-Benefit Digital Transformation Optimization Data-driven 70

IBM Big Data Hub

OCTOBER 12, 2023

The tasks behind efficient, responsible AI lifecycle management The continuous application of AI and the ability to benefit from its ongoing use require the persistent management of a dynamic and intricate AI lifecycle—and doing so efficiently and responsibly. But the implementation of AI is only one piece of the puzzle.

Cost-Benefit 76

Cost-Benefit Metadata Data Governance Modeling 76

IBM Big Data Hub

MAY 15, 2024

According to International Data Corporation (IDC), stored data is set to increase by 250% by 2025 , with data rapidly propagating on-premises and across clouds, applications and locations with compromised quality. Users lower egress costs. The remote engine allows ETL/ELT jobs to be designed once and run anywhere.

Cost-Benefit 67

Cost-Benefit Data Integration Data Architecture Manufacturing 67

IBM Big Data Hub

APRIL 22, 2024

“But it’s important to reap these benefits while minimizing the environmental impact. According to the European Union’s 2023 Energy Efficiency Directive , Europe’s data center electricity consumption is expected to grow 28% from 2018 to 2030, exemplifying the environmental costs of AI usage.

Cost-Benefit 88

Cost-Benefit Modeling Manufacturing Reporting 88

Cloudera

SEPTEMBER 18, 2020

Physical retail stores – Expect retailers to optimize space allocations moving away from a reactive to a more proactive supply chain design approach rooted in deep, layered real-time data that supports sophisticated decision making. For retailers, inventory distortion is another key area that broader data sets can help improve.

Manufacturing 84

Manufacturing Forecasting IoT Machine Learning 84

IBM Big Data Hub

MAY 12, 2023

Its aggressive sustainability goals included achieving net zero emissions by 2050, making all packaging reusable or recyclable by 2025 and investing more than USD 3 billion globally over several years to drive momentum. Learn more about the benefits of cloud-native development.

Consulting 74

Consulting Cost-Benefit Dashboards Optimization 74

Cloudera

NOVEMBER 18, 2021

Every one of our 22 finalists is utilizing cloud technology to push next-generation data solutions to benefit the everyday people who need it most – across industries including science, health, financial services and telecommunications. taxpayer details and needs to quickly analyze petabytes of data across hundreds of servers.

Data Lake 77

Data Lake Cost-Benefit Digital Transformation Risk 77

IBM Big Data Hub

MAY 15, 2024

According to a Gartner report , cloud operational expenses are expected to surpass traditional IT spending, reflecting the ongoing transformation in expenditure patterns by 2025. To maximize benefits and realize the potential of FinOps, organizations must forge a clear path and avoid common mistakes.

Key Performance Indicator 56

Key Performance Indicator Cost-Benefit Forecasting Finance 56

IBM Big Data Hub

AUGUST 18, 2023

DORA establishes technical standards that financial entities and their critical third-party technology service providers must implement in their ICT systems by January 17, 2025. The need for a strong cyber-resilience strategy According to the IBM Cost of Data Breach Report 2023 , the global average cost of data breach was $4.45M.

Cost-Benefit 74

Cost-Benefit Testing Strategy Risk Management 74

IBM Big Data Hub

OCTOBER 4, 2023

Compared to REST APIs (or other traditional API specifications), GraphQL provides more flexibility to API consumers (like app developers) and delivers many benefits, along with a few new challenges to API development and delivery. GraphQL is often seen as an alternative to REST APIs , which have been around for a long time.

Cost-Benefit 76

Cost-Benefit Data-driven Enterprise Interactive 76

IBM Big Data Hub

APRIL 27, 2023

The impacts of data challenges are becoming visible to company stakeholders, with consumers making purchasing — and even employment — decisions based on a company’s progress toward their ESG goals. Those who have committed to closing the green gap have embraced sustainability-focused processes and are reaping the benefits.

Metrics 79

Metrics Cost-Benefit Reporting Data-driven 79

Sisense

MARCH 25, 2020

The combined forces of globalization and technology are transforming our workplaces in a multitude of ways: AI is entering the mainstream and it promises new levels of efficiency and cost savings for businesses. Millennials are expected to make up about 75% of the workforce by 2025. These aren’t the only changes we can expect.

Software 69

Software Data-driven Big Data Cost-Benefit 69

IBM Big Data Hub

MAY 17, 2024

Despite the clear benefits of BI, the percentage of employees actively using ABI tools has seen minimal growth over the past 7 years. The complexity increases when trying to maintain data consistency and security across multiple platforms. So why aren’t more people using BI tools?

Dashboards 77

Dashboards Business Intelligence Snapshot Interactive 77

IBM Big Data Hub

JUNE 5, 2024

The average lost business cost following a data breach was USD 1.3 million in 2023, according to IBM’s Cost of a Data Breach report. With the rapid emergence of real-time payments, any downtime in payments connectivity can be a significant threat.

Cost-Benefit 48

Cost-Benefit Strategy Enterprise Measurement 48