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The Role of Business Intelligence in The Modern Commercial Organization

Smart Data Collective

They need to ask important questions such as what is the turnover, how much was the profit and what are the cost dynamics. But what does a business need this information for? To look at reports and give the command to optimize everything and cut costs to increase profits? Such questions arise in any company.

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Understanding ETL Tools as a Data-Centric Organization

Smart Data Collective

The data is initially extracted from a vast array of sources before transforming and converting it to a specific format based on business requirements. ETL is one of the most integral processes required by Business Intelligence and Analytics use cases since it relies on the data stored in Data Warehouses to build reports and visualizations.

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5 Amazing Benefits Of Big Data For Business Owners In 2020

Smart Data Collective

When business owners hear the words big data, they usually start to tune out because they think that it is meant only for major brands like Google and amazon. They think that is only feasible for multinational corporations that spare no expense in getting any kind of leading edge on the competition, for example.

Big Data 356
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Proven Strategies for Utilizing A Hybrid Cloud To Revolutionize Your Business

Smart Data Collective

Per a comprehensive report by IBM, hybrid cloud solutions reduce total ownership costs by 54%, hybrid clouds create innovation, make the operation more efficient, and ultimately improve relationships with customers. Hybrid clouds also can help a business expand into different areas or explore alternate business models.

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What Are the Industries That Benefit Most from Big Data?

Smart Data Collective

Big Data can also reduce costs, and it empowers medical professionals to focus on what they do best instead of worrying about analyzing paperwork. These tools, which offer exactly what recruitment agencies need in terms of timesheets, expenses, accounting, and payroll, made life easier for recruiters. Public services.

Big Data 267
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Big Data Sets Impressive New Standards On Integrated Business Systems

Smart Data Collective

In 2013, Wired published a very interesting article about the role of big data in the field of integrated business systems. Author James Kobielus, the lead AI and data analyst for Wikibon and former IBM expert, said that there are a number of ways that integrated business systems are tapping the potential of AI and big data.

Big Data 259
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Customers and Banks Priorities Collide as AI Jolts Financial Industry

Smart Data Collective

This time, I will focus on the financial services industry based on previous IBM studies in this industry and some personal experiences. Big Data’s promise of value in the financial services industry is particularly differentiating. They are struggling to provide better customer service to their customers.

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