Smart Data Collective

JULY 28, 2019

Big data is being used by countless investors all over the world. You are going to need to understand the role that predictive analytics and other big data technology plays in investing. Global Investors Use Big Data to Invest in Saint Lucia. The Saint Lucia Star reports that the country is using big data itself.

ROI 94

ROI Big Data Predictive Analytics Data-driven 94

IBM Big Data Hub

OCTOBER 24, 2023

Making the right technology investment decisions today is critical to building competitive advantage, fueling innovation and driving ROI. However, dispersed, unreliable data and time-consuming, error prone processes can lead to bloated budgets, ineffective planning and missed opportunities. And by acquiring Apptio Inc.

Consulting 77

Consulting Manufacturing Optimization Data-driven 77

O'Reilly on Data

FEBRUARY 11, 2020

We suspected that data quality was a topic brimming with interest. The responses show a surfeit of concerns around data quality and some uncertainty about how best to address those concerns. Key survey results: The C-suite is engaged with data quality. Data quality might get worse before it gets better.

Data Quality 363

Data Quality Metadata Data Governance Publishing 363

datapine

MAY 21, 2019

“BI is about providing the right data at the right time to the right people so that they can take the right decisions” – Nic Smith. Data analytics isn’t just for the Big Guys anymore; it’s accessible to ventures, organizations, and businesses of all shapes, sizes, and sectors. And the success stories are seemingly endless.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards ROI 183

datapine

JANUARY 24, 2021

In our cutthroat digital age, the importance of setting the right data analysis questions can define the overall success of a business. That being said, it seems like we’re in the midst of a data analysis crisis. Your Chance: Want to perform advanced data analysis with a few clicks? Data Is Only As Good As The Questions You Ask.

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

JANUARY 3, 2024

Organizations considering value stream management (VSM) must look at several deciding factors, not the least of which is the potential return on investment (ROI). In fact, VSM has been shown to deliver significant organizational benefits and quantifiable, financial ROI. Data Management, IT Leadership

Management 133

Management Cost-Benefit ROI Data-driven 133

Occam's Razor

FEBRUARY 25, 2013

This blog is centered around creating incredible digital experiences powered by qualitative and quantitative data insights. Every post is about unleashing the power of digital analytics (the potent combination of data, systems, software and people). Let's calculate the ROI of digital analytics. So, what is ROI?

Analytics 143

Analytics ROI Marketing Modeling 143

IBM Big Data Hub

SEPTEMBER 11, 2023

The bulk of these uncertainties do not revolve around what software package to pick or whether to migrate to the cloud; they revolve around how exactly to apply these powerful technologies and data with precision and control to achieve meaningful improvements in the shortest time possible.

Data-driven 85

Data-driven IT Measurement Cost-Benefit 85

CIO Business Intelligence

AUGUST 15, 2024

Many of those gen AI projects will fail because of poor data quality, inadequate risk controls, unclear business value , or escalating costs , Gartner predicts. In the enterprise, huge expectations have been partly driven by the major consumer reaction following the release of ChatGPT in late 2022, Stephenson suggests.

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

Smart Data Collective

OCTOBER 15, 2021

Big data technology has been a highly valuable asset for many companies around the world. Countless companies are utilizing big data to improve many aspects of their business. Some of the best applications of data analytics and AI technology has been in the field of marketing. Data-Driven Marketing is More Important than Ever.

Big Data 144

Big Data Marketing Advertising Data-driven 144

CIO Business Intelligence

AUGUST 20, 2024

The barrier to entry The big issue for SMBs is the cost of the computing power and related expenses needed to run modern AI models, says Tony Fernandes, CEO and chief AI officer at HumanFocused.AI, an AI consulting firm. It is too risky, and its ROI is unproven.” Does anyone believe that big tech is just going to eat this expense?”

Risk 131

Risk Cost-Benefit Insurance ROI 131

CIO Business Intelligence

JUNE 27, 2022

“Too often, technology companies pay consulting or analyst firms to create metrics based on the best characteristics of their offerings,” says Judith Hurwitz, CEO of Hurwitz Strategies, an emerging technology consulting firm. When studying a metric, it’s important to know who created it and the data source.

Metrics 133

Metrics KPI IT Consulting 133

CIO Business Intelligence

FEBRUARY 13, 2024

To name a few — products and services that are delivered on time and on budget, and overall IT ROI.” Avila observes that many IT leaders will default to ROI as the most important metric because there’s strong belief that a good ROI is necessary to get the most out of the technology spend.

Metrics 140

Metrics IT ROI Measurement 140

Smart Data Collective

FEBRUARY 15, 2022

Data analytics has become a very important part of business management. Large corporations all over the world have discovered the wonders of using big data to develop a competitive edge in an increasingly competitive global market. American Express is an example of a company that has used big data to improve its business model.

Marketing 122

Marketing Data Analytics Analytics Big Data 122

Smart Data Collective

JANUARY 27, 2022

Big data technology has become a very important aspect of our lives. More businesses than ever are transitioning to data-driven business models. Research has shown that companies with big data strategies are 19 times more likely to become profitable. 1 Equip Your Employees with the Right Data Analytics Tools.

Optimization 124

Optimization IT Big Data Cost-Benefit 124

CIO Business Intelligence

APRIL 22, 2024

Moreover, Scavuzzo saw an additional business benefit to such an approach, thanks to scale: Using anonymized data, Marcum could analyze and compare client performance and thereby provide better consulting advice to them. That’s how I think about being business-driven in IT: We’re integral to those conversations.”

IT 126

IT Data-driven Strategy Consulting 126

erwin

AUGUST 13, 2020

managing risk vs ROI and emerging countries)? data protection, personal and sensitive data, tax issues and sustainability/carbon emissions)? Data Overload : How do we find and convert the right data to knowledge (e.g., big data, analytics and insights)? M&A, new markets, products and businesses).

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

Smart Data Collective

FEBRUARY 21, 2021

Data analytics is very important to the future of marketing. A growing number of marketers are using data analytics technology to optimize their lead generation models. One of the most important benefits of using data analytics is that it can improve AI algorithms. Combining Data Analytics with Your Lead Generation Model.

Data Analytics 118

Data Analytics Strategy Analytics Data-driven 118

Occam's Razor

AUGUST 13, 2012

The questions reveal a bunch of things we used to worry about, and continue to, like data quality and creating data driven cultures. Then you build a massive data store that you can query for data to analyze. A lot of people buy tools and consulting and go love crazy with attribution modeling. EU Cookies!)

Modeling 125

Modeling Metrics Data Quality Data-driven 125

CIO Business Intelligence

APRIL 24, 2024

The announcement comes amid reluctance among some CIOs regarding the ROI of generative AI copilots. The partnership between Cognizant and Microsoft may help ease some of that, as Cognizant’s consulting services can help enterprises find ways to leverage copilots as part of their business processes.

Enterprise 128

Enterprise Digital Transformation Consulting Uncertainty 128

CIO Business Intelligence

JANUARY 7, 2025

In some cases, the business domain in which the organization operates (ie, healthcare, finance, insurance) understandably steers the decision toward a single cloud provider to simplify the logistics, data privacy, compliance and operations. The first three considerations are driven by business, and the last one by IT.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

CIO Business Intelligence

JULY 30, 2024

Many of the AI use cases entrenched in business today use older, more established forms of AI, such as machine learning, or don’t take advantage of the “generative” capabilities of AI to generate text, pictures, and other data. For many enterprises the return on investment for gen AI is elusive , he says.

Insurance 144

Insurance Machine Learning Interactive Finance 144

CIO Business Intelligence

MAY 13, 2024

Lawrence Bilker can easily articulate the business values that his IT initiatives should deliver: better experiences for both employees and customers, more insights from data to enable smarter decision-making, and more intelligence for improved operations. And CEOs are looking to CIOs to create those products.”

IT 131

IT Digital Transformation ROI Strategy 131

BizAcuity

FEBRUARY 21, 2025

Businesses have never had access to more data than they do today. Because data without intelligence is just noise. Its not that the data doesnt existits that it isnt connected. Without proper Dynamics 365 integration, data remains siloed, and decision-making becomes guesswork.

Dashboards 52

Dashboards Optimization Finance Sales 52

CDW Research Hub

APRIL 28, 2020

As businesses strive to become modern data-driven organizations, many are drawn to the value that a data platform in the cloud can provide. Cloud data platforms provide the speed, performance and scalability that is required to handle an exponential growth in volume of data.

Data-driven 52

Data-driven Analytics Consulting ROI 52

Smart Data Collective

MAY 15, 2021

There are a lot of ways that data-driven strategies can help marketers with onsite optimization and link-building. You will have a higher ROI from using AI to help focus on long-term SEO strategies instead. The post Why an AI-Driven SEO Campaign Is Vital for Your Business appeared first on SmartData Collective.

Advertising 123

Advertising Optimization Marketing Strategy 123

Smart Data Collective

NOVEMBER 24, 2020

Business intelligence software will be more geared towards working with Big Data. Data Governance. One issue that many people don’t understand is data governance. It is evident that challenges of data handling will be present in the future too. Increase in ROI. Self-service BI. Prescriptive Analytics.

Business Intelligence 134

Business Intelligence Visualization Dashboards Prescriptive Analytics 134

Smart Data Collective

MAY 17, 2023

Businesses are also using AI-driven ERP software. AI-Driven ERP Tools Are Becoming More Important than Ever AI tools are becoming more common in enterprise software. ERP systems have been stagnant for decades in managing and processing enterprise data. Using ERP software that utilizes AI technology will change this process.

Enterprise 116

Enterprise Cost-Benefit Software Data-driven 116

Jet Global

FEBRUARY 18, 2020

Gary Melling is the President and CEO of Acquired Insights, a firm that designs customized AI applications and tech-driven strategic initiatives. We hear about companies becoming “data-driven.” What’s distinct about working with digital data compared to the insights of the past? How can they leverage their data?

Data-driven 64

Data-driven Machine Learning Cost-Benefit ROI 64

CIO Business Intelligence

DECEMBER 29, 2023

The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” But in 2024, CIOs will shift their focus toward responsible deployment, says Barry Shurkey, CIO at NTT Data, a digital business and IT consulting and services firm.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

AUGUST 9, 2023

Digital transformation became a key strategic initiative in the mid-2010s, as mobile communications, cloud, data analytics, and other advanced information technologies took off, enabling businesses and consumers to easily engage via digital channels. Other research confirms the imperatives for engaging in digital transformation.

Digital Transformation 137

Digital Transformation Data-driven Strategy Consulting 137

CIO Business Intelligence

APRIL 11, 2022

Gone are the days of the CIO being a back-office IT cost manager,” declares Chris Scheefer, vice president of intelligent industry at technology services and consulting firm Capgemini Americas. The combination of a strong expert opinion backed by data is a powerful one and will elevate the CIO role.”. Are you up to the task?

Cost-Benefit 119

Cost-Benefit Digital Transformation Strategy Consulting 119

datapine

MAY 11, 2022

Concerning professional growth, development, and evolution, using data-driven insights to formulate actionable strategies and implement valuable initiatives is essential. Data visualization methods refer to the creation of graphical representations of information. That’s where data visualization comes in.

Visualization 252

Visualization Dashboards Key Performance Indicator Sales 252

Smart Data Collective

MARCH 23, 2023

Advanced AI algorithms can reduce costs, save time, and improve ROI. Common startup expenses include potential market research,” explains Jane Moore of money site, Loanza, “you also have surveys, initial travel costs, advertising for opening, salaries or wages paid to employees initially, and salaries paid to executives or consultants.”

Cost-Benefit 113

Cost-Benefit Insurance Advertising Consulting 113

IBM Big Data Hub

AUGUST 3, 2023

Yet more than half of CEOs are concerned about the security of data, and 48% worry about bias or data accuracy. IBM Consulting’s watsonx practice brings expertise in the generative AI technology stack, as well as domain and industry experience that can help accelerate clients’ business transformations.

Consulting 40

Consulting Data-driven Enterprise ROI 40

DataRobot

DECEMBER 8, 2021

These days, most seem to understand the importance of AI-driven decision-making for their businesses. But many struggle to turn the data they collect into true, actionable insights that can increase ROI. Yet most enterprises struggle to capture the full value from data science initiatives on a regular basis.”.

Customer Analytics 97

Customer Analytics Analytics Advertising Data-driven 97

CIO Business Intelligence

SEPTEMBER 25, 2023

To that end, CIO.com asked a half-dozen longtime IT leaders — current and former CIOs as well as consultants and executive advisers — to share the questions they think CIOs should ask themselves to determine whether they’re sailing to success or about to dash onto the rocks. Am I using data to drive my transformation strategy?

Digital Transformation 145

Digital Transformation Measurement Data-driven Metrics 145