Remove Data Analytics Remove Digital Remove Predictive Analytics
article thumbnail

Predictive Analytics Made Last Summer The Season Of Altcoins

Smart Data Collective

Data analytics has been the basis for the cryptocurrency market for years. In 2018, a study from the University of Bremen in Germany discussed some of the implications of big data for the altcoin industry. They found that predictive analytics algorithms were using social media data to forecast asset prices.

article thumbnail

Using Data Analytics for Selecting Staff Augmentation & Managed Services

Smart Data Collective

Fortunately, new advances in big data technology are helping companies get better qualified workers. Data analytics technology is very important in assessing the performance of staffing services. Companies can use data analytics to improve their hiring processes. What Are the Benefits of Data Analytics in Staffing?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Benefits of Hiring a Creative Agency with a Background in Data Analytics

Smart Data Collective

You may not have thought about creative professionals having a strong foundation in data analytics. Artists are known for their creative insights, rather than their analytical or scientific competencies. However, the world has changed, which means that a background in big data and other types of technology is equally important.

article thumbnail

Predictive Analytics Could Minimize Underpayment Penalties By The IRS

Smart Data Collective

It is very difficult to get away with underreporting income now that the IRS has started using highly sophisticated data analytics tools for compliance purposes. Many accounting and bookkeeping services are using big data these days. The good news is that data analytics is not only available to the IRS.

article thumbnail

Managing Seasonal Fluctuations in Retail with Analytics

Smart Data Collective

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. There are a number of huge benefits of using data analytics to identify seasonal trends.

Retail 325
article thumbnail

Big Data Analytics Is The 21st Century’s Biggest Disruptor In Healthcare

Smart Data Collective

The healthcare sector is heavily dependent on advances in big data. Healthcare organizations are using predictive analytics , machine learning, and AI to improve patient outcomes, yield more accurate diagnoses and find more cost-effective operating models. Big data analytics: solutions to the industry challenges.

article thumbnail

Big Data: The Technology Behind Retailers Success

Smart Data Collective

During the beginning of the pandemic, many businesses went digital, and the retail industry is no exception. Technologies became a crucial part of achieving success in the increasingly competitive market, including big data and analytics. Key advantages of big data in retail. Source: Statista. Setting the optimal prices.

Retail 362