Smart Data Collective

FEBRUARY 9, 2022

Luckily, there are a few analytics optimization strategies you can use to make life easy on your end. Helps you to determine areas of abnormal losses and profits to optimize your trading algorithm. Geometric trading patterns can help you forecast how markets will behave.

Visualization 145

Visualization Optimization Analytics Testing 145

KDnuggets

DECEMBER 7, 2022

Help optimize business processes by predicting future outcomes using time series forecasting techniques. Join other professionals and learn from leading experts Tim Januschowski and Jan Gasthaus in their live online course starting January 17.

Forecasting 103

Forecasting Optimization 103

AWS Big Data

APRIL 11, 2023

Forecasting is another critical component of effective inventory management. Accurately predicting demand for products allows businesses to optimize inventory levels, minimize stockouts, and reduce holding costs. However, forecasting can be a complex process, and inaccurate predictions can lead to missed opportunities and lost revenue.

Forecasting 97

Forecasting Management IoT Data-driven 97

CIO Business Intelligence

OCTOBER 24, 2024

By 2026, hyperscalers will have spent more on AI-optimized servers than they will have spent on any other server until then, Lovelock predicts. Still, after 2028, it will be difficult to buy a device that isn’t AI optimized. “We have companies trying to build out the data centers that will run gen AI and trying to train AI,” he says.

IT 133

IT Data-driven Recreation/Entertainment Experimentation 133

datapine

MAY 2, 2023

You can use big data analytics in logistics, for instance, to optimize routing, improve factory processes, and create razor-sharp efficiency across the entire supply chain. This isn’t just valuable for the customer – it allows logistics companies to see patterns at play that can be used to optimize their delivery strategies.

Big Data 275

Big Data Internet of Things Cost-Benefit Optimization 275

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

Also center stage were Infor’s advances in artificial intelligence and process mining as well as its environmental, social and governance application and supply chain optimization enhancements. Optimize workflows by redesigning processes based on data-driven insights. Establish and support continuous improvement initiatives.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

CIO Business Intelligence

NOVEMBER 27, 2024

Recent research shows that 67% of enterprises are using generative AI to create new content and data based on learned patterns; 50% are using predictive AI, which employs machine learning (ML) algorithms to forecast future events; and 45% are using deep learning, a subset of ML that powers both generative and predictive models.

Data Architecture 128

Data Architecture Cost-Benefit Machine Learning Experimentation 128

BizAcuity

FEBRUARY 21, 2025

Forecast trends and act strategically : Integration with advanced analytics and AI-powered insights helps businesses not only predict trends but also take proactive steps to stay ahead of competitors. Finance benefiting from automated forecasting, which reduces errors and ensures more accurate financial predictions.

Dashboards 52

Dashboards Optimization Finance Sales 52

AWS Big Data

OCTOBER 9, 2024

We outline cost-optimization strategies and operational best practices achieved through a strong collaboration with their DevOps teams. We also discuss a data-driven approach using a hackathon focused on cost optimization along with Apache Spark and Apache HBase configuration optimization. This sped up their need to optimize.

Optimization 128

Optimization Testing Data-driven Strategy 128

CIO Business Intelligence

SEPTEMBER 15, 2023

From the CEO’s perspective, an optimized IT services portfolio maximizes cost efficiency, flexibility, and scalability. Highly optimized portfolios leverage outsourcing to ensure that commodity-based sourcing is offloaded to outsourcers, freeing up internal teams to focus on strategic projects that add value and effectively manage costs.

Optimization 111

Optimization IT Metrics Marketing 111

CIO Business Intelligence

FEBRUARY 6, 2025

In retail, they can personalize recommendations and optimize marketing campaigns. Sustainable IT is about optimizing resource use, minimizing waste and choosing the right-sized solution. Imagine generating complex narratives from data visualizations or using conversational BI tools that respond to your queries in real time.

Unstructured Data 115

Unstructured Data Manufacturing Data Governance Sales 115

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. Collecting Relevant Data for Conversion Rate Optimization Here is some vital data that e-commerce businesses need to collect to improve their conversion rates. One report found that global e-commerce brands spent over $16.7 billion on analytics last year.

Optimization 97

Optimization Data Analytics Analytics Data-driven 97

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. It’s an issue that’s coming to the fore with the steady migration to the cloud.

Optimization 111

Optimization Cost-Benefit Consulting Strategy 111

CIO Business Intelligence

JANUARY 21, 2025

Despite these setbacks and increased costs, Wei expressed optimism during the companys recent earnings call, assuring that the Arizona plant would meet the same quality standards as its facilities in Taiwan and forecasting a smooth production ramp-up. The US government has extended robust support to TSMCs investment, offering a $6.6

Manufacturing 116

Manufacturing Cost-Benefit Recreation/Entertainment Technology 116

CIO Business Intelligence

JANUARY 30, 2025

In 2023, this percentage fell to 48%, and survey respondents forecasted that a stubborn 43% of workloads will still be hosted in corporate data centers in 2025. The forecast anticipates strong growth through 2028, with spending expected to be near $378 billion, at a double-digit rate.

Enterprise 129

Enterprise Data Processing Forecasting IoT 129

CIO Business Intelligence

JANUARY 21, 2025

times compared to 2023 but forecasts lower increases over the next two to five years. What to bet on: Infrastructure choices and optimized architectures depend on the use case, but several disciplines stand out for CIOs to bet on in 2025 to shape their technology strategies and plans.

Cost-Benefit 142

Cost-Benefit Data-driven Strategy Marketing 142

datapine

DECEMBER 11, 2019

Even if figures diverge somewhat, the many forecasts conducted on SaaS industry trends 2020 demonstrate an obvious reality: the SaaS market is going to get bigger and bigger. SaaS Industry is forecasted to reach $55 billion by 2026. Our second forecast for SaaS trends in 2020 is Vertical SaaS. 2) Vertical SaaS. 2) Vertical SaaS.

Software 314

Software Cost-Benefit Data-driven Data Processing 314

CIO Business Intelligence

OCTOBER 23, 2024

For the first time, we’re consolidating data to create real-time dashboards for revenue forecasting, resource optimization, and labor utilization. Without a clear line of sight into occupancy and labor, we can’t make effective hiring decisions. How is the new platform helping?

Enterprise 119

Enterprise Dashboards KPI Data Lake 119

CIO Business Intelligence

APRIL 5, 2022

First, Optimas is using data analytics internally for a number of functions, including material acquisition for manufacturing; forecasting of production and customer demand; improving efficiency and accuracy with ordering from suppliers; and managing its inventory. Another benefit is warehouse optimization.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

David Menninger's Analyst Perspectives

DECEMBER 31, 2024

Companies implementing task orchestration tools can quickly generate new ideas and optimize existing processes to drive significant innovation. Automated processes also contribute to a more predictable operational environment that facilitates better planning and forecasting.

Cost-Benefit 130

Cost-Benefit Data-driven Enterprise Business Objectives 130

CIO Business Intelligence

SEPTEMBER 7, 2023

The first is forecasting, where AI is used to make predictions about downstream demand or upstream shortages. Ultimately, AI will optimize supply chains to meet specific customer needs for any given situation. In the meantime, many companies continue to reap the benefits of improved forecasting and inspection.

Management 138

Management Forecasting Manufacturing Cost-Benefit 138

datapine

JANUARY 21, 2020

Operational optimization and forecasting. Business intelligence and reporting are not just focused on the tracking part, but include forecasting based on predictive analytics and artificial intelligence that can easily help avoid making a costly and time-consuming business decision. Cost optimization. Cost optimization.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

CIO Business Intelligence

FEBRUARY 10, 2023

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. Energy: Forecast long-term price and demand ratios. Forecast financial market trends.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

The research finds the greatest inclination to spend is in sales performance management, which I interpret to mean that the participants see this area as having the highest potential to generate profit through gains in sales productivity and, therefore, increase revenue.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. Data Analyst Solomon Nyamson wrote an article on Linkedin pointing out that predictive analytics tools like Sarima have made it easier than ever to forecast retail sales due to seasonal changes.

Management 130

Management Analytics Predictive Analytics Cost-Benefit 130

CIO Business Intelligence

MARCH 22, 2022

Two groups of researchers are already using Nvidia’s Modulus AI framework for developing physics machine learning models and its Omniverse 3D virtual world simulation platform to forecast the weather with greater confidence and speed, and to optimize the design of wind farms.

Modeling 144

Modeling Machine Learning Forecasting Optimization 144

CIO Business Intelligence

OCTOBER 29, 2024

So much so that it cites the US Bureau of Labor Statistics which forecasts that nearly two million healthcare workers will be needed each year to keep up with domestic demand.

Cost-Benefit 89

Cost-Benefit Statistics Enterprise Forecasting 89

Smart Data Collective

JANUARY 27, 2021

A number of new predictive analytics algorithms are making it easier to forecast price movements in the cryptocurrency market. Importance of machine learning in forecasting cryptocurrency prices. However, trend forecasting appears to be much more effective at gauging the direction of cryptocurrency prices.

Machine Learning 140

Machine Learning Forecasting Predictive Analytics Marketing 140

CIO Business Intelligence

MAY 21, 2024

Epicor Grow AI applications include multiple capabilities such as inventory forecasting, AI generated sales orders from emails, personalized product suggestions based on order history, predictive maintenance recommendations for fleets, and more, within the context of familiar Epicor products.

Forecasting 126

Forecasting Predictive Analytics Machine Learning Data-driven 126

DataRobot Blog

DECEMBER 6, 2022

Forecast Time Series at Scale with Google BigQuery and DataRobot. New forecasting features and an improved DataRobot integration with Google BigQuery help data scientists build models with greater speed, accuracy, and confidence. Create granular forecasts across a high volume of Time Series models without so much of the manual work.

Experimentation 145

Experimentation Forecasting Data-driven Machine Learning 145

Smart Data Collective

AUGUST 29, 2022

However, the rapidly changing business environment requires more sophisticated analytical tools in order to quickly make high-quality decisions and build forecasts for the future. While the existent tools cover typical use cases, the next step is to set up a custom forecasting module to perfectly meet your needs and configuration.

Analytics 132

Analytics Predictive Analytics Machine Learning Insurance 132

DataRobot

OCTOBER 18, 2021

There is a wealth of research showing again and again that evidence-based algorithms are more accurate than forecasts made by humans. People are much more likely to choose to use human rather than algorithmic forecasts once they have seen an algorithm perform and learned it is imperfect. Humans and AI Best Practices.

Forecasting 145

Forecasting Digital Transformation Cost-Benefit Data-driven 145

datapine

FEBRUARY 14, 2021

That’s why it’s critical to monitor and optimize relevant supply chain metrics. While there are numerous KPI examples you can select for your assessment and optimization, we have focused on a list that will enable you to identify potential bottlenecks and ensure sustainable development. Delivery Time.

Metrics 260

Metrics KPI Dashboards Sales 260

CIO Business Intelligence

OCTOBER 16, 2023

Predictive AI uses advanced algorithms based on historical data patterns and existing information to forecast outcomes to predict customer preferences and market trends — providing valuable insights for decision-making. However, there is one form of AI that will allow businesses to see almost an immediate value: Predictive AI.

Forecasting 137

Forecasting Machine Learning Software Data-driven 137

CIO Business Intelligence

APRIL 30, 2024

IDC forecast shows that enterprise spending (which includes GenAI software, as well as related infrastructure hardware and IT/business services), is expected to more than double in 2024 and reach $151.1 over the 2023-2027 forecast period 1. Bandwidth optimization. This optimization improves efficiency and reduces costs.

Forecasting 105

Forecasting Optimization Advertising IoT 105

O'Reilly on Data

JULY 28, 2020

If this sounds fanciful, it’s not hard to find AI systems that took inappropriate actions because they optimized a poorly thought-out metric. CTRs are easy to measure, but if you build a system designed to optimize these kinds of metrics, you might find that the system sacrifices actual usefulness and user satisfaction.

Marketing 364

Marketing Experimentation Metrics Testing 364