Smart Data Collective

MARCH 29, 2021

Such technologies include Digital Twin tools, Internet of Things, predictive maintenance, Big Data, and artificial intelligence. Additionally, data collection becomes a costly process. IoT automates data collection, in addition to simplifying data mining.

Big Data 140

Big Data Management Cost-Benefit Internet of Things 140

datapine

NOVEMBER 27, 2019

In 2020, BI tools and strategies will become increasingly customized. Businesses of all sizes are no longer asking if they need increased access to business intelligence analytics but what is the best BI solution for their specific business. 1 for data analytics trends in 2020. 10) Embedded Analytics.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Smart Data Collective

FEBRUARY 28, 2021

But at the same time, it’s easy to see why many companies, especially small ones, would be reluctant to implement business analytics tools. There’s an upfront cost for integrating data analytics into a company, and it may not always seem worth it. Then you can make changes targeted at convincing employees to stick around.

Business Analytics 127

Business Analytics Analytics Internet of Things IoT 127

Smart Data Collective

JANUARY 27, 2022

Big data technology is changing countless aspects of our lives. A growing number of careers are predicated on the use of data analytics, AI and similar technologies. It is important to be aware of the changes brought on by developments in big data. Data analytics is attributed to many changes in the 3-D printing space.

Big Data 135

Big Data Advertising Internet of Things Marketing 135

Rocket-Powered Data Science

JUNE 17, 2022

Observability is a business strategy: what you monitor, why you monitor it, what you intend to learn from it, how it will be used, and how it will contribute to business objectives and mission success. My closing thought — Cybersecurity is basically Data Analytics: detection, prediction, prescription, and optimizing for unpredictability.

Machine Learning 238

Machine Learning Recreation/Entertainment Risk Business Objectives 238

Cloudera

MAY 4, 2022

AI has the potential to transform operations by improving three fundamental business requirements: process automation, decision-making based on data insights, and customer interaction. Among the benefits of AI-first strategies are: Operational efficiency. Benefits aplenty. AI also enables 24-hour operations with minimum downtime. .

Internet of Things 130

Internet of Things Cost-Benefit Insurance Data-driven 130

Smart Data Collective

APRIL 7, 2022

Companies in the distribution industry are particularly dependent on data, due to the complicated logistics issues they encounter. There are many reasons that data analytics and data mining are vital aspects of modern e-commerce strategies. Do you want to know how to incorporate it into your data-driven business?

B2B 128

B2B Big Data Sales Cost-Benefit 128

IBM Big Data Hub

JUNE 20, 2023

Here’s what you need to know in order to build a successful strategy. We’ll go deeper into EAMs, the technologies underpinning them and their implications for asset lifecycle management strategy in another section. What is an asset? First, let’s talk about what an asset is and why they are so important.

Strategy 71

Strategy Management Cost-Benefit IoT 71

Smart Data Collective

NOVEMBER 25, 2019

More and more often, businesses are using data to drive their decisions — which makes cutting-edge analytics and business intelligence strategies one of the best advantages a company can have. New Avenues of Data Discovery. The Growing BI Analyst Shortage.

Business Intelligence 132

Business Intelligence Predictive Analytics Data Collection Internet of Things 132

IBM Big Data Hub

JANUARY 8, 2024

3 reasons why digital transformation is tied to business strategy A digital transformation journey involves the introduction of new technologies—and business processes related to those technologies—to optimize customer experience and improve relationships with other stakeholders. ” Why?

Digital Transformation 60

Digital Transformation Strategy Key Performance Indicator Cost-Benefit 60

CIO Business Intelligence

MARCH 30, 2022

Emerging technologies such as artificial intelligence (AI), machine learning (ML), augmented reality (AR), the Internet of Things (IoT) and quantum computing can help organizations scale on demand, improve resiliency, minimize infrastructure investments and deploy solutions rapidly and securely. Ghislaine Entwistle. perhaps, ….”organize

Technology 98

Technology Internet of Things ROI IoT 98

CIO Business Intelligence

AUGUST 29, 2022

As a first step, companies can adopt data analytics to help reduce food or product waste. Circular economy: Re-use infrastructure for new technology initiatives instead of retiring equipment. Data: Use data to share information around sustainability efforts.

Enterprise 97

Enterprise Internet of Things Measurement Finance 97

CIO Business Intelligence

JANUARY 12, 2023

“The stakes are so high it’s not surprising most African countries have made agricultural transformation a major focus of their national strategies,” he adds. Walid Gaddas is a Tunisian consultant in strategy and international development in the agritech sector.

IoT 143

IoT Consulting Internet of Things Technology 143

Smart Data Collective

MAY 7, 2023

This article will outline key steps companies should take to have a competitive advantage by adopting new technologies and incorporating them into their digital transformation strategy. Read on and learn how to keep your data safe and secure while streamlining your business processes in this digital age.

Digital Transformation 129

Digital Transformation Risk Strategy Testing 129

erwin

JUNE 11, 2020

What Is Data Intelligence? Data Intelligence is the analysis of multifaceted data to be used by companies to improve products and services offered and better support investments and business strategies in place. Apply real-time data in marketing strategies. Expanding big data.

Key Performance Indicator 103

Key Performance Indicator KPI Data-driven Machine Learning 103

CIO Business Intelligence

MAY 16, 2022

To reap the benefits, organizations need to modernize with a decentralized data strategy that delivers the speed and flexibility necessary for driving smarter outcomes for the business. The concept of the edge is not new, but its role in driving data-first business is just now emerging. How edge refines data strategy.

IoT 98

IoT Internet of Things Data Warehouse Machine Learning 98

CIO Business Intelligence

JUNE 30, 2023

And we’ll let you in on a secret: this means nailing your data strategy. All of this renewed attention on data and AI, however, brings greater potential risks for those companies that have less advanced data strategies. This involves a mindset shift, and, of course, a comprehensive data strategy.

Internet of Things 104

Internet of Things Strategy Data Strategy Data-driven 104

Rocket-Powered Data Science

OCTOBER 6, 2023

Here are a few business examples of this type of prescriptive analytics: Which marketing campaign is most efficient and effective (has best ROI) in optimizing sales? Which pricing strategies lead to the best business revenue? Now that we have described predictive and prescriptive analytics in detail, what is there left?

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

CIO Business Intelligence

APRIL 11, 2022

We have also witnessed transformation projects failing when businesses jump headfirst into a trendy new technology without building the right foundation or embarking on a project without the right business strategy in place. It follows that incremental steps toward your ICT strategy are a preferred option. Incrementalism is the answer.

Internet of Things 97

Internet of Things Digital Transformation Strategy IoT 97

CIO Business Intelligence

JUNE 28, 2022

Philosophers and economists may argue about the quality of the metaphor, but there’s no doubt that organizing and analyzing data is a vital endeavor for any enterprise looking to deliver on the promise of data-driven decision-making. And to do so, a solid data management strategy is key.

Management 138

Management Internet of Things Statistics Data Science 138

IBM Big Data Hub

JANUARY 15, 2024

And while no one digital transformation strategy will be like any other, here are some recurring trends that help organizations engage in successful digital transformation initiatives. Also, machine learning will be an incredibly powerful tool for data-driven organizations looking to take better advantage of their data analytics practices.

Digital Transformation 69

Digital Transformation Internet of Things IoT Consulting 69

IBM Big Data Hub

MARCH 20, 2024

artificial intelligence (AI) , edge computing, the Internet of Things (IoT) ). Analytics With the rise of data collected from mobile phones, the Internet of Things (IoT), and other smart devices, companies need to analyze data more quickly than ever before.

Internet of Things 88

Internet of Things Data Processing Cost-Benefit IoT 88

AWS Big Data

MAY 28, 2024

Now get ready as we embark on the second part of this series, where we focus on the AI applications with Kinesis Data Streams in three scenarios: real-time generative business intelligence (BI), real-time recommendation systems, and Internet of Things (IoT) data streaming and inferencing.

IoT 115

IoT Analytics Dashboards Data-driven 115

Sisense

JUNE 25, 2020

Invest in data, invest in your company. It’s no coincidence that this recent growth has come alongside a huge investment in data analytics. Becoming data-driven has always been about more than just convenience, and ‘how do we sell more product?’ Jon Francis, SVP Data Analytics, Starbucks.

Big Data 98

Big Data Data-driven IoT Marketing 98

Sisense

MAY 11, 2021

You can’t talk about data analytics without talking about data modeling. These two functions are nearly inseparable as we move further into a world of analytics that blends sources of varying volume, variety, veracity, and velocity. Building the right data model is an important part of your data strategy.

Modeling 84

Modeling Big Data IoT Data Warehouse 84

Sisense

JULY 23, 2021

“We are also working to factor in the COVID impact when making sense of the data and, more importantly, when communicating it.”. Chris and his team are increasing the volume of data being captured and using automation to augment their data strategy : “This is a real jump forward for us.

Unstructured Data 105

Unstructured Data Internet of Things Data-driven Data Processing 105

AWS Big Data

JANUARY 8, 2024

This is the first post to a blog series that offers common architectural patterns in building real-time data streaming infrastructures using Kinesis Data Streams for a wide range of use cases. In this post, we will review the common architectural patterns of two use cases: Time Series Data Analysis and Event Driven Microservices.

Analytics 134

Analytics IoT Data-driven Snapshot 134

CIO Business Intelligence

JULY 17, 2023

It’s about possessing meaningful data that helps make decisions around product launches or product discontinuations, because we have information at the product and region level, as well as margins, profitability, transport costs, and so on. How is Havmor leveraging emerging technologies such as cloud, internet of things (IoT), and AI?

IT 98

IT Digital Transformation IoT Internet of Things 98

Sisense

JUNE 9, 2021

Gleaning actionable intelligence from disparate data sources. Football teams rely on huge amounts of data drawn from countless sources to take their play to the next level: Internet of Things sensors and other devices connected to the internet use GPS to track players and the ball’s movement in real time.

Analytics 98

Analytics Data-driven Internet of Things Measurement 98

AWS Big Data

AUGUST 1, 2024

Effective planning, thorough risk assessment, and a well-designed migration strategy are crucial to mitigating these challenges and implementing a successful transition to the new data warehouse environment on Amazon Redshift. Organic strategy – This strategy uses a lift and shift data schema using migration tools.

Data Warehouse 114

Data Warehouse KPI Optimization Cost-Benefit 114

CIO Business Intelligence

OCTOBER 13, 2022

According to the International Energy Agency, worldwide data centers collectively consume 200 to 250 terawatt hours (TWh) of electricity , accounting for 1% of all global electricity demand and about 0.3% of all global carbon emissions.

IT 59

IT Cost-Benefit Internet of Things IoT 59

AWS Big Data

APRIL 11, 2023

Such a solution should use the latest technologies, including Internet of Things (IoT) sensors, cloud computing, and machine learning (ML), to provide accurate, timely, and actionable data. Furthermore, high-quality data is crucial for ML algorithms to make accurate forecasts.

Forecasting 98

Forecasting Management IoT Data-driven 98

IBM Big Data Hub

JANUARY 29, 2024

Companies are becoming more reliant on data analytics and automation to enable profitability and customer satisfaction. There are many different digital technologies that might play a role in an organization’s digital transformation strategy, depending on the needs of the business.

Digital Transformation 66

Digital Transformation Consulting Internet of Things Recreation/Entertainment 66

IBM Big Data Hub

JUNE 15, 2023

When it comes to managing assets throughout their lifecycle, business leaders know they need a comprehensive strategy in place to succeed. But they aren’t always clear on the strategic opportunities around parts inventory management and the role it plays in maintenance strategy.

Management 67

Management Broadcasting Cost-Benefit IoT 67

Jet Global

OCTOBER 9, 2024

This agility allows companies to adjust strategies, deploy targeted campaigns, or capitalize on new market opportunities before competitors do. By providing timely insights, real-time data helps organizations stay agile and responsive, enhancing their ability to achieve long-term success.

Prescriptive Analytics 52

Prescriptive Analytics IoT Internet of Things Cost-Benefit 52

IBM Big Data Hub

FEBRUARY 6, 2024

Cloud-based applications and services Cloud-based applications and services support myriad business use cases—from backup and disaster recovery to big data analytics to software development. Uber, for example, depends on a microservices architecture to build and release its ride-hailing and food-delivery services quickly.

Cost-Benefit 98

Cost-Benefit Digital Transformation Software Internet of Things 98

IBM Big Data Hub

FEBRUARY 23, 2024

It assists customers and gathers crucial customer data during interactions to convert potential customers into active ones. This data can be used to better understand customer preferences and tailor marketing strategies accordingly. It aids businesses in gathering and analyzing data to inform strategic decisions.

Enterprise 95

Enterprise Interactive Data-driven Key Performance Indicator 95