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3 Huge Ways Big Data Analytics Benefits Businesses

Smart Data Collective

However, despite the benefits big data provides, companies that are using it are in the minority. Only 30% of companies have a well-defined data strategy. An even smaller number of companies have a data strategy that is supported by the company leadership. This is where Big data analytics comes into play.

Big Data 145
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Using Data-Driven Lean Thinking to Optimize Business Processes

Smart Data Collective

A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Only 32% of executives have officially laid out a data strategy to drive their organization. What is Lean Thinking?

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6 Tremendous Benefits of Big Data for Financial Management

Smart Data Collective

One survey published on CIO found that less than a third of companies have reported that big data has buy-in from top executives. If you are running a business that has not yet adapted a data strategy, you should keep reading. You will get a better sense of the reasons that you should make investing in big data a top priority.

Big Data 131
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Startups Must Take Advantage of Big Data to Gain a Competitive Edge

Smart Data Collective

Big data technology is one of the most important forms of technology that new startups must use to gain a competitive edge. The success of your startup might depend on your ability to use big data to your full advantage. The right data strategy can help your startup become profitable.

Big Data 145
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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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What to Look for in a Data-Savvy Fintech Marketing Agency

Smart Data Collective

These companies need to employ detailed data strategies to find the right prospects. Therefore, if you intend to hire a Fintech marketing company, you need to make sure that they use data to their advantage. Find a Fintech Marketing Company that Makes the Most of Big Data.

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Infusing Analytics to Overcome the Skills and Accessibility Gap

Sisense

So we asked some Sisense leaders: Why is there so often a shortfall between companies’ aspirations and the reality of what they’re getting out of their analytics solutions? In fact, within most organizations, there’s a gaping expanse between analytics capabilities and having the skills to use them. Here’s what we found.