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3 Data Mining Tips for Companies Trying to Understand their Customers

Smart Data Collective

Modern businesses that neglect to invest in big data are at a tremendous disadvantage in an evolving global economy. Smart companies realize that data mining serves many important purposes that cannot be overlooked. One of the most important benefits of data mining is gaining knowledge about customers.

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Big Data Trends That Are Disrupting Management Maintenance

Smart Data Collective

Big data is leading to some major breakthroughs in the modern workplace. One study from NewVantage found that 97% of respondents said that their company was investing heavily in big data and AI. Such technologies include Digital Twin tools, Internet of Things, predictive maintenance, Big Data, and artificial intelligence.

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How Big Data Has Revolutionized the Gaming Industry

Smart Data Collective

Big data is driving a number of changes in our lives. Forbes recently wrote an article about the impact of big data on the food and hospitality industry. Big data phenomenon has revolutionized almost every aspect of an average citizen’s life. CIO shared a report showing that Minecraft invested $2.5

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Big Data Creates Numerous New Perks in the Gig Economy

Smart Data Collective

Big data has played a huge role in the evolution of employment models. Have you sat down and imagined a day where you do not have an office to report to, a boss to be bossed around by, and the freedom to work as per will? Big data has made the gig economy stronger than ever and helped many people find new employment.

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5 Ingenious Ways To Use Big Data For Customer Engagement

Smart Data Collective

Big data is changing the direction of our economy in unprecedented ways. Every business should look for ways to monetize big data and use it to optimize your business model. The number of companies using big data is growing at an accelerated rate. However, companies need to use big data wisely.

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Creative Ways to Leverage Big Data for an Optimal Marketing Plan

Smart Data Collective

Big data technology is becoming more important than ever for modern business owners. One study by the McKinsey Institute shows that data-driven organizations are 19 times more likely to be profitable. There are many benefits of using big data to run a business. Big Data is Essential for Modern Marketing Strategies.

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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

The good news is that big data technology is helping banks meet their bottom line. Therefore, it should be no surprise that the market for data analytics is growing at a rate of nearly 23% a year after being worth $744 billion in 2020. Big data can help companies in the financial sector in many ways.