Smart Data Collective

JULY 20, 2022

Data-driven decision-making has become a major element of modern business. A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Furthermore, only 13% of companies are actually delivering on their data strategy.

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Data-driven Optimization Big Data Data Strategy 133

erwin

JANUARY 17, 2020

What is Data Modeling? Data modeling is a process that enables organizations to discover, design, visualize, standardize and deploy high-quality data assets through an intuitive, graphical interface. Data models provide visualization, create additional metadata and standardize data design across the enterprise.

Data-driven 138

Data-driven Modeling Metadata Data Governance 138

CIO Business Intelligence

JANUARY 24, 2024

Organizations can’t afford to mess up their data strategies, because too much is at stake in the digital economy. How enterprises gather, store, cleanse, access, and secure their data can be a major factor in their ability to meet corporate goals. Here are some data strategy mistakes IT leaders would be wise to avoid.

Data Strategy 136

Data Strategy Strategy Unstructured Data Data Governance 136

Smart Data Collective

JULY 26, 2023

Big data has become an invaluable aspect to most modern businesses. Nevertheless, many companies have been reluctant to Harvard Business Review reports that only 30% of businesses have a data strategy. However, companies with data strategies are far more successful than those without.

Data-driven 97

Data-driven Management Big Data Sales 97

CIO Business Intelligence

JANUARY 21, 2025

As gen AI heads to Gartners trough of disillusionment , CIOs should consider how to realign their 2025 strategies and roadmaps. The World Economic Forum shares some risks with AI agents , including improving transparency, establishing ethical guidelines, prioritizing data governance, improving security, and increasing education.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

Smart Data Collective

SEPTEMBER 20, 2023

Big data technology has been a huge gamechanger for countless companies in every sector. Around 60% of companies rely heavily on data analytics technology to meet their goals. However, despite, the many benefits of big data technology, many companies still have difficulty implementing it properly.

Data-driven 124

Data-driven IT Big Data Data Strategy 124

Corinium

APRIL 23, 2019

Ahead of the third Chief Data & Analytics Officer (CDAO) Singapore conference, we caught up with Melecio Valerio Jr, Head, Data Strategy and Governance at FWD Life Insurance to discuss the key strategies for managing massive volumes of data, the cornerstones for building a data driven enterprise as well as how to best roll out an enterprise-wide (..)

Enterprise 150

Enterprise Management Insurance Data-driven 150

CIO Business Intelligence

NOVEMBER 27, 2024

By eliminating time-consuming tasks such as data entry, document processing, and report generation, AI allows teams to focus on higher-value, strategic initiatives that fuel innovation. Similarly, in 2017 Equifax suffered a data breach that exposed the personal data of nearly 150 million people.

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Data Governance Risk Insurance Metadata 132

CIO Business Intelligence

OCTOBER 25, 2022

This article was co-authored by Duke Dyksterhouse , an Associate at Metis Strategy. Data & Analytics is delivering on its promise. Some are our clients—and more of them are asking our help with their data strategy. If you’ve defined your problem well, you’ll know what that data is, which is key.

Data Strategy 145

Data Strategy Strategy Data Lake Data-driven 145

Smart Data Collective

OCTOBER 4, 2023

Big data is more important for businesses than ever. Unfortunately, many are struggling to use data effectively. One study found that only 30% of companies have a well-articulated data strategy. Another survey showed only 13% of companies are meeting their data strategies’ goals.

Data-driven 125

Data-driven Advertising Data Collection Data Strategy 125

Smart Data Collective

SEPTEMBER 21, 2021

Retailers around the world are discovering that big data can be incredibly valuable to their bottom lines. A growing number of businesses are starting to look for new data-driven approaches to streamline their business models. Targeting the Right Variables for Your Data-Driven Retail Business Model.

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Data-driven Metrics Big Data Sales 131

CIO Business Intelligence

NOVEMBER 4, 2024

Most AI workloads are deployed in private cloud or on-premises environments, driven by data locality and compliance needs. AI a primary driver in IT modernization and data mobility AI’s demand for data requires businesses to have a secure and accessible data strategy.

Marketing 128

Marketing Data Quality Data Governance Digital Transformation 128

CIO Business Intelligence

OCTOBER 23, 2024

As such, the data on labor, occupancy, and engagement is extremely meaningful. Here, CIO Patrick Piccininno provides a roadmap of his journey from data with no integration to meaningful dashboards, insights, and a data literate culture. You ’re building an enterprise data platform for the first time in Sevita’s history.

Enterprise 119

Enterprise Dashboards KPI Data Lake 119

Smart Data Collective

OCTOBER 3, 2023

Healthcare providers are investing more heavily in big data technology, as they strive to deal with growing challenges such as declining operating margins and an increasingly complex regulatory environment. However, many healthcare providers lack the technology or knowledge to use data prudently.

Data Strategy 130

Data Strategy Strategy Insurance Data-driven 130

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. However, there are a lot of third-party big data applications worth investing in.

Data-driven 123

Data-driven Big Data Cost-Benefit Software 123

Smart Data Collective

NOVEMBER 27, 2023

Thirty years ago, businesses were starting to recognize that data was the future. However, they never imagined that big data technology would have the impact that we have witnessed in recent years. More companies are using big data to drive business decisions than ever before.

Data-driven 122

Data-driven Software Big Data Management 122

CIO Business Intelligence

NOVEMBER 2, 2023

Rapid advancements in artificial intelligence (AI), particularly generative AI are putting more pressure on analytics and IT leaders to get their houses in order when it comes to data strategy and data management. But the enthusiasm must be tempered by the need to put data management and data governance in place.

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Data Strategy Strategy Sales Data Governance 137

Smart Data Collective

JULY 21, 2021

Specifically, we’re talking about how digital transformation efforts routinely fail to take advantage of the data they provide access to. With our example of a financial solution, you may have brought it in to help manage invoices — which is great. The Problem with Digital Transformation. But think about it. But you can change that.

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Digital Transformation Data Strategy Strategy Cost-Benefit 143

Smart Data Collective

AUGUST 4, 2022

A growing number of businesses are discovering the importance of big data. Thirty-two percent of businesses have a formal data strategy and this number is rising year after year. Unfortunately, they often have to deal with a variety of challenges when they manage their data.

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Data-driven Sales Big Data Dashboards 130

Smart Data Collective

JUNE 17, 2021

Big data is becoming very important for companies all over the world. They need to make sure that they utilize their data wisely, because it is one of the most important assets at their disposal. There are a lot of things that companies need to take into consideration when managing their data.

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Data Processing Data-driven Big Data Advertising 122

CIO Business Intelligence

JUNE 23, 2023

According to the MIT Technology Review Insights Survey, an enterprise data strategy supports vital business objectives including expanding sales, improving operational efficiency, and reducing time to market. The problem is today, just 13% of organizations excel at delivering on their data strategy.

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Data Strategy Strategy Visualization Consulting 116

Rocket-Powered Data Science

MARCH 19, 2021

How to make smarter data-driven decisions at scale : [link]. The determination of winners and losers in the data analytics space is a much more dynamic proposition than it ever has been. A lot has changed in those five years, and so has the data landscape. But if they wait another three years, they will never catch up.”

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Internet of Things Analytics IoT Prescriptive Analytics 259

Smart Data Collective

APRIL 3, 2022

More companies than ever are investing in big data. However, many feel that their data strategies are not proving to be effective. According to a report by VentureBeat, only 13% of companies feel that their data strategies are providing the results they are looking for. Keep It Short and Simple.

Data Strategy 111

Data Strategy Strategy Data-driven Big Data 111

Smart Data Collective

FEBRUARY 20, 2022

More companies are investing in big data than ever these days. One survey published on CIO found that less than a third of companies have reported that big data has buy-in from top executives. If you are running a business that has not yet adapted a data strategy, you should keep reading.

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Big Data Management Finance Data-driven 131

CIO Business Intelligence

FEBRUARY 6, 2025

As someone deeply involved in shaping data strategy, governance and analytics for organizations, Im constantly working on everything from defining data vision to building high-performing data teams. My work centers around enabling businesses to leverage data for better decision-making and driving impactful change.

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Unstructured Data Manufacturing Data Governance Sales 115

Smart Data Collective

APRIL 30, 2022

Data technology has changed the reality of business. More companies are trying to incorporate data analytics into their business models. However, only 13% of companies feel they are delivering on their data strategies. Companies need to use the right software applications to make the most of their data.

Software 122

Software Enterprise Management Cost-Benefit 122

Cloudera

AUGUST 6, 2021

This landscape is one that presents opportunities for a modern data-driven organization to thrive. At the nucleus of such an organization is the practice of accelerating time to insights, using data to make better business decisions at all levels and roles. Data Strategy. Data and decision culture.

Data-driven 105

Data-driven B2B Data Strategy Strategy 105

CIO Business Intelligence

MARCH 19, 2025

As regulatory scrutiny, investor expectations, and consumer demand for environmental, social and governance (ESG) accountability intensify, organizations must leverage data to drive their sustainability initiatives. However, embedding ESG into an enterprise data strategy doesnt have to start as a C-suite directive.

IT 59

IT Data Governance Data-driven Metrics 59

CIO Business Intelligence

FEBRUARY 14, 2023

By George Trujillo, Principal Data Strategist, DataStax Increased operational efficiencies at airports. To succeed with real-time AI, data ecosystems need to excel at handling fast-moving streams of events, operational data, and machine learning models to leverage insights and automate decision-making.

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Data Strategy Strategy Machine Learning Data-driven 116

CIO Business Intelligence

JANUARY 22, 2024

As enterprises become more data-driven, the old computing adage garbage in, garbage out (GIGO) has never been truer. The application of AI to many business processes will only accelerate the need to ensure the veracity and timeliness of the data used, whether generated internally or sourced externally.

Data Strategy 132

Data Strategy Strategy Data-driven Enterprise 132

CIO Business Intelligence

MARCH 21, 2022

It’s especially poignant when we consider the extent to which financial data can steer business strategy for the better. This is the impact of data-driven financial analysis – or what is termed FP&A – in the business context. billion is lost to low-value, manual data processing and management while $1.7

Data-driven 116

Data-driven IT Finance Forecasting 116

Smart Data Collective

AUGUST 23, 2022

Are you running a company with a focus on big data? One survey showed that 32% of companies have a formal big data strategy. These companies tend to be far more profitable than businesses that do not utilize big data. However, some companies have to learn the hard way that desiring to utilize big data is not enough.

Big Data 105

Big Data Data Strategy Strategy Data-driven 105

Srividya Sridharan

JUNE 12, 2019

This month’s Insights Beat focuses on the latest research in our insights-driven playbook; showcases multiple data, analytics, and machine-learning vendor evaluations; and shines a light on B2B analytics techniques. Is Your Data Strategy Lacking? (Jeremy Vale and Paolo Santamaria contributed to this post.)

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Data Strategy Strategy B2B Machine Learning 92

Smart Data Collective

MARCH 26, 2021

There are a lot of important platforms and tools for data-driven organizations to take advantage. One of the best platforms for companies that care about the benefits of big data is Oracle. If you are a company that is using Oracle to leverage your big data strategy, then you need to know how to get the most out of it.

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Data-driven Big Data Cost-Benefit Data Strategy 93

Cloudera

FEBRUARY 23, 2022

In addition to that, the march of network virtualisation combined with the cloudification of IT have driven further changes in operations. Their processes are ‘data driven’, their networks are trending towards automation, and AI systems are powering customer engagement in store , online and at home.

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Data-driven Advertising IoT Business Objectives 95

AWS Big Data

NOVEMBER 7, 2024

Amazon OpenSearch Service launches a modernized operational analytics experience that can provide comprehensive observability spanning multiple data sources , so that you can gain insights from OpenSearch and other integrated data sources in one place. An OpenSearch application is an instance of the next-generation OpenSearch UI.

Dashboards 105

Dashboards Visualization Data-driven Management 105

CIO Business Intelligence

OCTOBER 4, 2022

Business leaders, recognizing the importance of elevated customer experiences, are looking to the CIO and their IT teams to help harness the power of data, predictive analytics, and cloud resources to create more engaging, seamless experiences for customers. Embed CX into your data strategy. Consider three key areas of focus: 1.

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Data-driven Machine Learning Interactive Predictive Analytics 111