Smart Data Collective

SEPTEMBER 29, 2022

OCR is the latest new technology that data-driven companies are leveraging to extract data more effectively. OCR and Other Data Extraction Tools Have Promising ROIs for Brands. Big data is changing the state of modern business. There are a number of benefits of using it to your company’s advantage.

Data-driven 145

Data-driven Data Quality Optimization Insurance 145

CIO Business Intelligence

DECEMBER 17, 2024

Its the year organizations will move their AI initiatives into production and aim to achieve a return on investment (ROI). Prioritize data quality and security. Track ROI and performance. While genAI has been a hot topic for the past couple of years, organizations have largely focused on experimentation.

Experimentation 98

Experimentation ROI Risk Data Quality 98

CIO Business Intelligence

DECEMBER 10, 2024

Proving the ROI of AI can be elusive , but rushing to achieve it can prove costly. Align data strategies to unlock gen AI value for marketing initiatives Using AI to improve sales metrics is a good starting point for ensuring productivity improvements have near-term financial impact.

Sales 143

Sales Metrics Data-driven Unstructured Data 143

Octopai

JULY 11, 2022

And when business users don’t complain, but you know the data isn’t good enough to make these types of calls wisely, that’s an even bigger problem. How are you, as a data quality evangelist (if you’re reading this post, that must describe you at least somewhat, right?), Tie data quality directly to business objectives.

Data Quality 98

Data Quality Strategy Business Objectives Sales 98

CIO Business Intelligence

NOVEMBER 13, 2024

At least 30% of gen AI projects will be abandoned by the end of 2025, the research firm predicts, due to unclear business value — as well as poor data quality, inadequate risk controls, and escalating costs. Because if they don’t, they’ll be left behind when AI inevitably transforms all types of work in the coming years,” he says.

IT 141

IT Consulting ROI Cost-Benefit 141

CIO Business Intelligence

JANUARY 7, 2025

Wartons Navigating Gen AIs Early Year Report says 57% anticipate slower AI spending increases, an indicator that enterprises are still searching for ROI on their initial investment. For AI to deliver safe and reliable results, data teams must classify data properly before feeding it to those hungry LLMs.

Digital Transformation 143

Digital Transformation Experimentation Cost-Benefit Strategy 143

Dataiku

JULY 11, 2024

According to a survey from Dataiku, the number one barrier to getting more ROI from AI is the lack of data quality or the ability to access the right data. So how can data teams make sure that the data used to build ML models and analytics projects is trusted, validated, and accurate?

Data Quality 59

Data Quality ROI Modeling Analytics 59

Jim Harris

JANUARY 1, 2016

1 — Investigate Data quality is not exactly a riddle wrapped in a mystery inside an enigma. However, understanding your data is essential to using it effectively and improving its quality. In order for you to make sense of those data elements, you require business context.

Data Quality 61

Data Quality Data Governance Cost-Benefit ROI 61

Wayne Yaddow

MARCH 3, 2025

When implementing automated validation, AI-driven regression testing, real-time canary pipelines, synthetic data generation, freshness enforcement, KPI tracking, and CI/CD automation, organizations can shift from reactive data observability to proactive data quality assurance. Summary: Why thisorder?

Data Quality 52

Data Quality Strategy ROI Testing 52

CIO Business Intelligence

NOVEMBER 5, 2024

Overcoming this hurdle requires strong leadership and good data that will lead to effectively investing budgets in ways that yield a measurable ROI. The key is good data quality. Scope 3 shock: Scope 3 emissions make up 60% to 95% of the total carbon impact for most organizations. have their own additional regulations.

Uncertainty 98

Uncertainty Measurement ROI Reporting 98

datapine

JANUARY 24, 2021

Or even better: “Which marketing campaign that I did this quarter got the best ROI, and how can I replicate its success?”. These key questions to ask when analyzing data can define your next strategy in developing your company. As Data Dan reminded us, “did the best” is too vague to be useful. Giving the most ROI?

IT 317

IT Statistics KPI Data-driven 317

datapine

MAY 21, 2019

1) Too expensive and hard to justify the ROI of BI. They also need these tools to generate a true ROI. The right business intelligence tool is a much easier ROI to sell. The ROI alone from hours saved and reduced costs of producing current reports will improve your bottom line. Analyzing data from different data sources.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards ROI 183

Timo Elliott

NOVEMBER 13, 2023

IT organizations have good excuses: it’s hard to build executive enthusiasm for something as seemingly plumbing-related as data quality. Generative AI increases the ROI you can get from clean data, and new Business Data Fabric approaches ( SAP Datasphere + strategic partnerships) are making it easier to achieve than ever.

Data Quality 114

Data Quality ROI IT Analytics 114

KDnuggets

NOVEMBER 22, 2022

Leverage precise data to discover business opportunities, make strategic decisions, and increase ROI with a powerful data quality platform.

ROI 108

ROI Data Quality Data Science 108

CIO Business Intelligence

JUNE 9, 2023

Without it, businesses incur steep costs, but the downside, or costs, are often unclear because calculating data management’s return on investment (ROI), or upside, is a murky exercise. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

Strategy 116

Strategy Management Key Performance Indicator Cost-Benefit 116

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. CIOs need to be able to articulate the business value and expected ROI of each project. For example, a gen AI virtual assistant can cost $5 million to $6.5

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

O'Reilly on Data

MARCH 31, 2020

Product recommendations are easy; nobody is injured if you recommend products that your customers don’t want, though you won’t see much ROI. What delivers the greatest ROI? Shipping any machine learning system requires a huge mountain of organizational and data engineering effort, so the ultimate payoff needs to match that investment.

Management 363

Management Machine Learning Experimentation Metrics 363

datapine

JANUARY 31, 2022

Because things are changing and becoming more competitive in every sector of business, the benefits of business intelligence and proper use of data analytics are key to outperforming the competition. Business Intelligence And Analytics Lead To ROI. Such business intelligence ROI can come in many forms.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Alation

FEBRUARY 14, 2023

What % of data is or isn’t assigned to a domain? What % of columns have data quality rules implemented? Does the top 5% of data used in the organization have data owners, stewards, titles, definitions, and classifications? How much time spent locating data is being saved? What % of tables have a definition?

Data Governance 52

Data Governance ROI Metrics Cost-Benefit 52

CIO Business Intelligence

OCTOBER 17, 2024

You can host data anywhere — on-prem or in the cloud — but if your data quality is not good, it serves no purpose. Data governance was the biggest piece that we took care of. And we’ve already seen a big ROI on this. With genAI, it’s a matter of identifying the proper use case that gives you the ROI.

Management 111

Management Insurance ROI Cost-Benefit 111

DataKitchen

JUNE 24, 2021

Agility as a concept in business is really powerful and certainly deserves a place in every data and analytics team.”. DataOps Maximizes Your ROI. The panelists provided great advice for maximizing ROI with DataOps. . According to Zimmer, it’s hard to maximize ROI when you can’t measure it. “One Design for measurability.

Metrics 211

Metrics ROI Measurement Cost-Benefit 211

datapine

JANUARY 21, 2020

As every business needs to seriously consider their expenses and ROI (return on investment), often the costs and savings are hardly measured. Enhanced data quality. With so much information and such little time, intelligent data analytics can seem like an impossible feat. Enhanced data quality.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

Smarten

DECEMBER 17, 2024

The top three business intelligence trends are data visualization, data quality management, and self-service business intelligence (BI). 7 out of 10 business rate data discovery as very important.

Reporting 52

Reporting Key Performance Indicator KPI Business Intelligence 52

Smart Data Collective

OCTOBER 13, 2021

Data Virtualization can include web process automation tools and semantic tools that help easily and reliably extract information from the web, and combine it with corporate information, to produce immediate results. How does Data Virtualization manage data quality requirements?

Visualization 145

Visualization Cost-Benefit Big Data Prescriptive Analytics 145

datapine

FEBRUARY 22, 2022

But the rewards outperform by far its costs, and it is well known that business intelligence ROI is real even if it is sometimes hard to quantify. Clean data in, clean analytics out. Cleaning your data may not be quite as simple, but it will ensure the success of your BI. Benefits Of Implementing a BI Strategy. It’s that simple.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

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. Bjoern Sjut3: My main issue at the moment: How will multi-channel funnels and ROI calculations work in a multi device world? They also reveal things that starting to become scary (Privacy!

Modeling 125

Modeling Metrics Data Quality Data-driven 125

Timo Elliott

DECEMBER 4, 2024

The first step, often ECC on-prem to S/4 on-prem, is costly and has limited immediate ROI, serving mainly to ensure future support.” Yet concerns around data quality and security persist. The key is data readiness—flawed inputs will lead to flawed insights.”

ROI 52

ROI Data Quality Technology IT 52

datapine

MAY 31, 2022

Currently, 32% of businesses use multi-cloud cybersecurity tools to reduce the financially devastating risk of data breaches, while 31% of leading enterprises use direct multi-cloud cost management tools to mitigate financial efficiency across the organization. In both cases, the return on investment (ROI) is healthy.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

datapine

DECEMBER 17, 2019

Quality over quantity: Data quality is an essential part of reporting, particularly when it comes to IT. Make data quality management an imperative matter of your reporting journey, and catch the data quality issues as early as possible. a comparison of the IT spending versus its budget.

Reporting 173

Reporting IT Key Performance Indicator Dashboards 173

CIO Business Intelligence

JANUARY 23, 2024

Quality metrics can be used to measure the improvements that come from reducing defects, lowering the impacts of human errors, improving data quality, and other program outcomes that illustrate how increasing quality connects to business impact. Digital Transformation, IT Leadership, IT Strategy, ROI and Metrics

Measurement 141

Measurement Digital Transformation KPI Metrics 141

Dataiku

MARCH 20, 2019

Data science is a team sport that needs to be collaborative to be successful, but data leaders and practitioners often disagree on where exactly responsibility for data quality and data science activation is housed.

ROI 65

ROI Data Quality Data Science Enterprise 65

erwin

MAY 17, 2021

However, if we’ve learned anything, isn’t it that data governance is an ever-evolving, ever-changing tenet of modern business? We explored the bottlenecks and issues causing delays across the entire data value chain. Key Bottlenecks and Challenges. Self-service done right is a game-changer.

Data Governance 99

Data Governance Data Quality Snapshot Reporting 99

Timo Elliott

SEPTEMBER 20, 2019

Ultimately, the ROI of data is skyrocketing, because new technologies such as machine learning are allowing us to extract more value from data than ever before, and it’s easier and cheaper than ever to collect, store, and analyze.

ROI 79

ROI Machine Learning Data Quality Technology 79

CIO Business Intelligence

OCTOBER 2, 2024

And Doug Shannon, automation and AI practitioner, and Gartner peer community ambassador, says the vast majority of enterprises are now focused on two categories of use cases that are most likely to deliver positive ROI. The sandbox offers access to several different LLMs to allow people to experiment with a broad range of tools.

Management 141

Management Data Governance Cost-Benefit Structured Data 141

datapine

APRIL 15, 2020

But not only, as agile BI solutions and services look to deliver projects which are both high-quality and high-value while the easiest way is to implement high-priority requirements first. That way, the stakeholder’s ROI can be maximized while agilists can truly manage change instead of preventing it.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

erwin

OCTOBER 29, 2020

We also looked at data preparation, governance and intelligence to see where organizations might be getting stuck and spending lots of time. Data quality and accuracy are recurring themes as well. Automation also ensures that the data governance framework is always up to date and never stale.

Data Governance 105

Data Governance Metadata Digital Transformation ROI 105

CIO Business Intelligence

NOVEMBER 2, 2023

Still, 94% of technical leaders say they should be getting more value from their data and 78% say their organizations struggle to drive business priorities with data.

Data Strategy 137

Data Strategy Strategy Sales Data Governance 137