Smart Data Collective

DECEMBER 13, 2021

Big data has become a highly invaluable aspect of modern business. More companies are using sophisticated data analytics and AI tools to overhaul their business models. Some industries have become more dependent on big data than others. billion on big data by 2025. Use data to strengthen brand identity.

Data-driven 145

Data-driven Marketing Strategy Big Data 145

CIO Business Intelligence

AUGUST 16, 2022

Digital twins will likely do for the infrastructure space what various platform models have already done for music, books, retail, and gig economy services. AR inspection in particular helps site managers immediately flag mistakes for time and cost savings. Another use case relates to worker safety.

Visualization 145

Visualization Cost-Benefit IoT Digital Transformation 145

Smart Data Collective

DECEMBER 22, 2021

There is no question that big data is changing the nature of business in spectacular ways. A growing number of companies are discovering new data analytics applications, which can help them streamline many aspects of their operations. Benefits of Bespoke Business Software.

Data-driven 123

Data-driven Big Data Cost-Benefit Software 123

Cloudera

MAY 4, 2022

Benefits aplenty. The beauty of AI is that it promises to deliver more benefits than you can even imagine. Among the benefits of AI-first strategies are: Operational efficiency. Inventory systems make note of what is being replenished and, with the assistance of data analytics, predict when to order more and how frequently. .

Internet of Things 130

Internet of Things Cost-Benefit Insurance Data-driven 130

Smart Data Collective

JANUARY 11, 2023

billion on big data marketing in 2020 and this figure is likely to grow further in the years to come. Some of the case studies on the benefits of data-driven marketing are quite promising. One tourist company utilized data analytics to boost website conversions by 40%. Use AI and Data Analytics for Video Marketing.

Data-driven 122

Data-driven Marketing Advertising Big Data 122

datapine

APRIL 14, 2022

When you think of big data, you usually think of applications related to banking, healthcare analytics , or manufacturing. After all, these are some pretty massive industries with many examples of big data analytics, and the rise of business intelligence software is answering what data management needs.

Big Data 244

Big Data Recreation/Entertainment Analytics Data-driven 244

Smart Data Collective

OCTOBER 13, 2020

You need to understand the growing importance of analytics in social media marketing, as well as the big data tools that can assist with it. The Growing Importance of Analytics in Social Media Marketing. There are plenty of reasons to invest in data analytics as a social media marketer. Social Champ.

Marketing 130

Marketing Analytics Publishing Big Data 130

Smart Data Collective

FEBRUARY 10, 2020

Benefits of Relying on Big Data to Manage Your Education. In order to be a successful student, you need to make good use of these educational software tools and the big data analytics platforms that they are predicated on. The benefits of these tools are essential for helping minimize the stress of studying.

Big Data 122

Big Data Technology Software Cost-Benefit 122

Smart Data Collective

APRIL 20, 2023

It doesn’t necessarily matter what role you are taking, whether it be a Data Analytics role or even marketing executive, as you will all likely be working towards the same positive outcomes and goals within the organization. There are many reasons colleges and universities are investing more heavily in big data.

Big Data 128

Big Data Cost-Benefit Data Science Data-driven 128

Smart Data Collective

FEBRUARY 28, 2022

In 2019, Science Publishing Group shared a study on the impact of big data on academic libraries. The study underscored the benefits of using it for customer data storage, media usage and indexing. However, there are a lot of other benefits of using data technology when managing a library.

Big Data 116

Big Data Marketing Strategy Data-driven 116

Alation

MAY 2, 2023

Hospitality organizations use data analytics to unlock insights, improve operations, and maximize profits. Leveraging analytics enables companies in this space to achieve financial and operational efficiencies while delivering personalized services and offerings. What is data analytics in the hospitality industry?

Data Analytics 52

Data Analytics Analytics ROI Data-driven 52

Smart Data Collective

MAY 19, 2022

billion on marketing analytics in 2020 alone. There are many ways that big data is helping companies improve sales. One of the biggest benefits is that it can help automate many aspects of the sales process. Big Data is Helping Improve Sales Processes Via Automation. This is where data analytics is going to come in handy.

Sales 143

Sales Big Data Cost-Benefit Data-driven 143

Smart Data Collective

JUNE 15, 2022

As the current business world has changed rapidly owing to technology and other advancements, the most agile merchants have thrived and even prospered, typically by employing data-driven tactics. Following is a detailed look at some of the benefits of taking a data-driven approach in a retail business.

Advertising 111

Advertising Sales Cost-Benefit ROI 111

datapine

MARCH 31, 2022

To understand this concept in a practical context, check out this video featuring an explanation from analyst Sonya Fournier: Now that we’ve explored BI in a real-world professional context, let’s look at the benefits of embarking on this occupation. This could involve anything from learning SQL to buying some textbooks on data warehouses.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

FineReport

APRIL 26, 2023

With the right Big Data Tools and techniques, organizations can leverage Big Data to gain valuable insights that can inform business decisions and drive growth. What is Big Data? What is Big Data? It is an ever-expanding collection of diverse and complex data that is growing exponentially.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Smart Data Collective

MAY 30, 2019

Big data is changing the direction of customer service. They rely on big data to better serve customers. Namee Jani wrote a fascinating article on chatbots and data analytics last year. She said they are the next big thing in business optimization in her article on Towards Data Science.

Big Data 102

Big Data Machine Learning Insurance Data-driven 102

CIO Business Intelligence

FEBRUARY 26, 2024

Here, in an extract from his book, AI for Business: A practical guide for business leaders to extract value from Artificial Intelligence , Peter Verster, founder of Northell Partners, a UK data and AI solutions consultancy, explains four of them. But some common characteristics are central to AI transformation success.

Experimentation 126

Experimentation Cost-Benefit Digital Transformation Risk 126

AWS Big Data

DECEMBER 21, 2023

The data volume is in double-digit TBs with steady growth as business and data sources evolve. smava’s Data Platform team faced the challenge to deliver data to stakeholders with different SLAs, while maintaining the flexibility to scale up and down while staying cost-efficient.

Data Lake 114

Data Lake Data Warehouse Data-driven B2B 114

Smart Data Collective

SEPTEMBER 24, 2019

He also showed that big data is bringing surprising benefits to the industry. Big data is changing the industry in a lot of ways. However, the biggest benefit is that big data is making it easier to realize the benefits of remote employees. Inside Big Data also talked about some of the benefits.

Big Data 85

Big Data Cost-Benefit ROI Analytics Technologies 85

Smart Data Collective

OCTOBER 12, 2021

They are also leveraging data analytics tools to offer more reliable services to their users. Fiverr, a platform where freelancers offer services for a fee, had a 43 percent increase in the number of video game coaching sessions booked between January and March 2020. An hour can cost about $15 to over $90.

Analytics 124

Analytics Recreation/Entertainment Data-driven Big Data 124

Alation

MAY 2, 2023

Hospitality organizations use data analytics to unlock insights, improve operations, and maximize profits. Leveraging analytics enables companies in this space to achieve financial and operational efficiencies while delivering personalized services and offerings. What is data analytics in the hospitality industry?

Data Analytics 40

Data Analytics Analytics ROI Data-driven 40

Smart Data Collective

APRIL 23, 2021

They needed to go through a lot of guesswork in deciphering the meaning of data. The data-driven insights about the target audience could only become possible thanks to advanced data analytics and artificial intelligence. Only some highly complicated issues need to be flagged off for human support. Conclusion.

Marketing 102

Marketing Data-driven Sales Cost-Benefit 102

Sisense

JULY 24, 2020

Using data to find solutions: The State of BI & Analytics. Right now, many companies are focused on cutting costs to stay afloat and data and analytics are key to their plans. In the past, airlines were able to gauge demand based on seasonal booking patterns determined many months, if not years, ahead.

Data-driven 96

Data-driven Cost-Benefit Interactive Marketing 96

CIO Business Intelligence

SEPTEMBER 14, 2023

As exchanges were modernizing, they looked at the cost benefit and realized it was better to buy Nasdaq’s technology,” Peterson says. The company, which reported net revenues of $3.6 billion in 2022, derives roughly 30% of its business from its markets, trading, and exchange business — and about 40% from software sales and licensing.

Risk Management 116

Risk Management Risk Marketing Cost-Benefit 116

AWS Big Data

FEBRUARY 1, 2024

The solution should be scalable, cost-efficient, and straightforward to adopt and operate. Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization.

Data Warehouse 134

Data Warehouse Dashboards Risk Management Risk 134

AWS Big Data

AUGUST 19, 2024

We also use Amazon S3 to store AWS Glue scripts, logs, and temporary data generated during the ETL process. This approach offers the following benefits: Enhanced security – By using PrivateLink and VPC endpoints, data transfer between Snowflake and Amazon S3 is secured within the AWS network, reducing exposure to potential security threats.

Analytics 118

Analytics Data-driven Data Integration Data Lake 118

IBM Big Data Hub

JUNE 29, 2023

Digitalization has had a profound impact on the manufacturing sector, enabling businesses to optimize processes, improve quality and reduce costs. Artificial intelligence (AI) One of the most significant benefits of artificial intelligence (AI) in manufacturing is its ability to analyze vast amounts of data in real-time.

Manufacturing 54

Manufacturing Internet of Things Cost-Benefit Digital Transformation 54

IBM Big Data Hub

APRIL 6, 2023

This new regulation applies to any “automated employment tool;” so, any computational process derived from machine learning, statistical modeling, data analytics, or artificial intelligence, including homegrown and third-party programs. A holistic approach to AI governance can help.

Cost-Benefit 56

Cost-Benefit Risk Statistics Machine Learning 56

FineReport

JUNE 18, 2024

Budget considerations are a significant aspect of engaging a data visualization consultant. It’s vital to weigh the cost against the value delivered by their services. While budget constraints are common, focusing on long-term investment benefits can help justify the expenditure.

Consulting 52

Consulting Visualization Cost-Benefit Dashboards 52

AWS Big Data

MARCH 25, 2024

This dynamic integration of streaming data enables generative AI applications to respond promptly to changing conditions, improving their adaptability and overall performance in various tasks. To better understand this, imagine a chatbot that helps travelers book their travel.

Data Lake 120

Data Lake Unstructured Data Management Snapshot 120

CIO Business Intelligence

MARCH 29, 2022

Turns out, exercise equipment doesn’t provide many benefits when it goes unused. The same principle applies to getting value from data. Organizations may acquire a lot of data, but they aren’t getting much value from it. This type of data waste results in missing out on the second project advantage.

Cost-Benefit 52

Cost-Benefit Machine Learning Metadata Data Quality 52

IBM Big Data Hub

JULY 26, 2023

Digital twin technology, an advancement stemming from the Industrial Internet of Things (IIoT), is reshaping the oil and gas landscape by helping providers streamline asset management, optimize performance and reduce operating costs and unplanned downtime. What is a digital twin?

Technology 52

Technology Cost-Benefit Optimization Internet of Things 52

IBM Big Data Hub

JUNE 29, 2023

Here, we will compare digital twins and digital threads, and discuss potential use cases and benefits. A digital twin is a digital replica of a physical object or system, complete with all the design and operational data of the physical object, including geometry, performance data and behavior models. What are digital twins?

Internet of Things 53

Internet of Things Manufacturing Digital Transformation Optimization 53

IBM Big Data Hub

JULY 10, 2023

Benefits of vibration analysis Implementing vibration analysis as part of a predictive maintenance program offers numerous benefits: Early fault detection : Vibration analysis can detect developing faults in machinery long before they become visible or audible to human senses. appeared first on IBM Blog.

Optimization 54

Optimization IT Measurement Manufacturing 54

IBM Big Data Hub

JULY 25, 2023

A smart grid is a digital electricity network that supplies power to consumers using interactive two-way communication, enabling automated, advanced energy delivery and a litany of opportunities for consumers to control their electricity use and costs. transformers, substations and power lines) in real-time.

Optimization 56

Optimization Technology Measurement Cost-Benefit 56

IBM Big Data Hub

AUGUST 8, 2023

Whatever the case, large organizations can benefit from enterprise asset management (EAM) software to manage all the physical stuff the company owns. EAM systems are a combination of advanced analytics, management tools and services that work together to maintain (or control) the performance of operational assets.

Software 50

Software Enterprise Management Internet of Things 50

FineReport

APRIL 3, 2024

By visually representing data through charts, graphs, and maps, they foster collaboration and knowledge sharing among stakeholders. Integrated with diverse data sources, they empower users to analyze data directly within the dashboard interface, democratizing data analytics for both technical and non-technical users.

Dashboards 52

Dashboards Visualization Metrics Interactive 52