Smarten

MARCH 19, 2019

In today’s competitive business market, every senior executive looks at risk, value and calculations like return on investment (ROI) and total cost of ownership (TCO) before approving a budget. When a business chooses a self-serve advanced analytics solution, the benefits go beyond cost-effective, collaborative tools.

ROI 40

ROI Analytics Cost-Benefit Predictive Modeling 40

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

Based on the decisions being made and how quickly plans can adjust to new forecast updates, what is the cost of forecasting too high or too low? If the costs of prediction error are asymmetric (e.g. predicting too low is more costly than predicting too high), decisions should plan to a certain quantile forecast (e.g.

Forecasting 115

Forecasting Data Science Statistics Uncertainty 115

Smarten

AUGUST 13, 2024

The organization can leverage and change data workflows, reports, dashboards and predictive models without extensive coding or time investment. Gartner predicts that 75% of new global software solutions will incorporate a low-code approach.’

Analytics 59

Analytics Cost-Benefit Predictive Modeling Dashboards 59

Smarten

MAY 17, 2024

The organization looks for a solution that is easy enough for its business users and intuitive enough to produce clear results; one that also provides sophisticated functionality and features and will produce a suitable Return on Investment (ROI) and Total Cost of Ownership (TCO). It also optimizes its resources, knowledge and time.

Analytics 52

Analytics Predictive Modeling ROI Cost-Benefit 52

Smarten

AUGUST 6, 2024

So, if a power user or business users discovers a challenge or an opportunity and your management team wishes to further explore the issue to understand its strategic or operational value, a Data Scientist can take the predictive model or other analytical report produced by a Citizen Data Scientist and refine the results for executive review.

Predictive Modeling 64

Predictive Modeling Key Performance Indicator Data-driven Finance 64

IBM Big Data Hub

JUNE 29, 2023

When a critical asset like an expensive piece of machinery or infrastructure breaks unexpectedly, it affects customers and can cost companies millions. Enterprises are constantly looking for new ways to optimize performance, increase reliability and extend asset lifespans—all without adding unnecessary costs. What is an asset?

Cost-Benefit 80

Cost-Benefit Measurement Predictive Analytics Management 80

Smarten

DECEMBER 13, 2022

With business users on board, the enterprise can capitalize on its strategy and optimize return on investment (ROI) and total cost of ownership (TCO) for its technology investment. Gartner predicts that, ‘overall analytics adoption will increase from 35% to 50%, driven by vertical and domain-specific augmented analytics solutions.’.

Cost-Benefit 52

Cost-Benefit B2B Optimization Predictive Modeling 52

Smarten

FEBRUARY 13, 2022

When the business combines Modern BI tools with advanced analytics, it can encourage user adoption with tools that are easy and intuitive to use, thereby improving total cost of ownership (TCO) and return on investment (ROI).’.

Analytics 52

Analytics Key Performance Indicator Business Intelligence ROI 52

Smarten

MAY 30, 2023

The silo approach to data is never a good idea if you want to improve total cost of ownership (TCO), return on investment (ROI) and user adoption! Now you are asking them to learn a new solution specifically for analytics. Access to Embedded BI Objects from Within Your Application with easy to use, scalable Integration API.

Slice and Dice 52

Slice and Dice Business Intelligence Cost-Benefit Dashboards 52

Smarten

JUNE 14, 2019

In this, the last article in our three-article series we discuss Natural Language Processing and how it can benefit a business. How Does NLP-Based Analytics Benefit a Business Organization? Part 2 of 3 articles)’ Original Post: What is Natural Language Processing & How Does it Benefit a Business?

Cost-Benefit 40

Cost-Benefit IT Predictive Modeling Business Intelligence 40

Occam's Razor

JANUARY 7, 2019

You'll be surprised by the steep drop in Cost per Acquisition. What the cost of getting a retail customer to make subsequent purchases over mobile apps lower? There is too much goodness in modeling that you are not taking advantage of. The Step Change Analytics Obsessions List. Grab the revenue number for the company.

Marketing Analytics 89

Marketing Analytics Marketing Analytics Strategy 89

Smarten

NOVEMBER 3, 2017

Business users can quickly and easily prepare and analyze data and visualize and explore data, notate and highlight data and share data with others to identify the important ‘nuggets’, buried in traditional data, and to connect the dots, find exceptions, identify patterns and trends and better predict results.

Analytics 40

Analytics Visualization Experimentation Cost-Benefit 40

Smarten

NOVEMBER 26, 2023

Your business has high hopes for its business intelligence implementation and it anticipates many benefits, a good return on investment (ROI) and low total cost of ownership (TCO). Now it is time to talk about solutions. Rather than choosing between traditional and modern BI tools, look for a vendor that provides both.

Business Intelligence 40

Business Intelligence Key Performance Indicator ROI Dashboards 40

Alation

MAY 2, 2023

Data analytics techniques, such as machine learning (ML), artificial intelligence (AI), and predictive modeling, can help businesses extract valuable insights from this data to improve operations and customer experience. What are the benefits of data analytics in the hospitality industry?

Data Analytics 52

Data Analytics Analytics ROI Data-driven 52

Smarten

JULY 3, 2017

When an enterprise selects a self-serve business intelligence solution with Advanced Data Discovery , Smart Data Visualization , Plug n’ Play Predictive Analysis and Self-Serve Data Preparation , it can create an environment where business users are empowered and become greater assets to the organization.

Visualization 40

Visualization Predictive Modeling Business Intelligence Experimentation 40

DataRobot Blog

APRIL 1, 2022

But the secret for getting an actual benefit from AI is not as simple as developing some models or purchasing an AI platform. Steward uses machine learning to make big decisions about staff and patients, reduce costs, and improve patient outcomes and experiences, and they have already started achieving their goal of decreasing costs.

Machine Learning 45

Machine Learning Cost-Benefit Predictive Modeling Modeling 45

Smarten

NOVEMBER 26, 2023

It includes predictive and prescriptive analytics and is used to gain insight into data and plan for the future using sophisticated features like key influencer analytics, sentiment analysis, embedded business intelligence, assisted predictive modeling, anomaly alerts, natural language processing (NLP) for simple search analytics and other features.

Marketing 40

Marketing Business Intelligence Key Performance Indicator Prescriptive Analytics 40

Smarten

SEPTEMBER 9, 2024

What is a Citizen Data Scientist, What is Their Role, What are the Benefits of Citizen Data Scientists…and More! The Benefits of Citizen Data Scientists There are many benefits inherent in the Citizen Data Scientist approach. The term, ‘Citizen Data Scientist’ has been around for a number of years.

Consulting 52

Consulting Cost-Benefit Data Science Business Intelligence 52

Alation

MAY 2, 2023

Data analytics techniques, such as machine learning (ML), artificial intelligence (AI), and predictive modeling, can help businesses extract valuable insights from this data to improve operations and customer experience. What are the benefits of data analytics in the hospitality industry?

Data Analytics 40

Data Analytics Analytics ROI Data-driven 40

IBM Big Data Hub

AUGUST 28, 2023

Text mining —also called text data mining—is an advanced discipline within data science that uses natural language processing (NLP) , artificial intelligence (AI) and machine learning models, and data mining techniques to derive pertinent qualitative information from unstructured text data. What is text mining?

Data mining 53

Data mining Machine Learning Deep Learning Marketing 53

IBM Big Data Hub

FEBRUARY 14, 2024

Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). AIOps is one of the fastest ways to boost ROI from digital transformation investments. Here are some of the industries that are benefiting now from the added power of AI.

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Cost-Benefit Insurance Machine Learning Unstructured Data 82

Jet Global

MAY 1, 2023

These benefits provide a 360-degree feedback loop. In this new era, users expect to reap the benefits of analytics in every application that they touch. Users are coming to expect sophisticated analytics at little or no cost. All benefit from the enhanced functionality and additional reporting and analytics.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

DataKitchen

NOVEMBER 27, 2024

Benefits and Challenges of The Data Quality Dimension Approach Data quality dimensions are often heralded as foundational principles for evaluating and improving data quality. Another significant advantage is the ability of these dashboards to provide ROI-driven insights. How do you get the business to take action?

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Data Quality Dashboards Metrics Cost-Benefit 215

CIO Business Intelligence

JANUARY 13, 2025

Historically, we have implemented ERPs, workflows, and RPAs, all with a focus on organizational efficiency and cost reduction, Bailey says. The best AI strategies are anchored to a business core strategic objectives and are focused on driving business benefit beyond operational efficiency.

Experimentation 140

Experimentation Strategy ROI Digital Transformation 140

Smarten

JANUARY 6, 2025

What Are the Benefits of Low-Code No-Code in Analytics? Here, we discuss the benefits of LCNC-enabled analytics, no code business intelligence benefits and employing analytics and low code no code for teams, business users, Citizen Data Scientists and, ultimately, for the enterprise.

Predictive Analytics 40

Predictive Analytics Cost-Benefit Business Intelligence Visualization 40

Smarten

JANUARY 6, 2025

To understand how this benefits the development team and the business, it is important to understand how low code platform works. Finding and choosing the right solution will drive willing user adoption, improved Return on Investment (ROI) and low Total Cost of Ownership (TCO).

Marketing 40

Marketing Predictive Analytics Analytics IT 40