Smart Data Collective
AUGUST 4, 2020
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.
Smart Data Collective
SEPTEMBER 14, 2020
This misconception prevents businesses from taking data breaches and cybersecurity attacks seriously. According to IBM’s cost of data breach report 2020, the average cost of data breach in the United States alone is $8 million. They not only ignore it but also do nothing to protect themselves from it.
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BizAcuity
APRIL 14, 2022
Big Data Ecosystem. Big data paved the way for organizations to get better at what they do. Data management and analytics are a part of a massive, almost unseen ecosystem which lets you leverage data for valuable insights. Data Management. Unscalable data architecture. Poor data quality.
Smart Data Collective
APRIL 24, 2022
They have led to a growing number of data breaches, which are creating major concerns for people all over the world. IBM reports that the average data breach cost over $4.2 Malicious actors are becoming increasingly crafty at intercepting communication and penetrating organizations to steal valuable data.
Smart Data Collective
APRIL 30, 2021
With hackers and identity thieves using more advanced methods, it’s crucial for any enterprise to adopt new tools in keeping sensitive data from falling into the wrong hands and preventing cases of fraud. According to the 2020 Cost of a Data Breach Report by IBM, businesses could lose at least $3.86
BizAcuity
MAY 10, 2022
Despite cost-cutting being the main reason why most companies shift to the cloud, that is not the only benefit they walk away with. Cloud washing is storing data on the cloud for use over the internet. While that allows easy access to users, and saves costs, the cloud is much more and beyond that. Hadoop was developed in 2006.
BizAcuity
JUNE 3, 2022
We would like to shed light on a common few data challenges whose solution boils down to better data management and analytics. Inventory and distribution management: This becomes more challenging for omnichannel since it calls for an integrated view across multiple points of sale.
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