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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. To look at reports and give the command to optimize everything and cut costs to increase profits? With the help of BI, the sales department has a tool for planning and evaluating the execution of plans.

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5 Industries That Are Being Revolutionized By Big Data

Smart Data Collective

IBM wrote an excellent report about the use of big data in the retail sector. Retail is an industry which relies heavily on big data in the modern-day. Simply put, if a retailer doesn’t understand their customer, they are going to struggle to succeed in the market. Online Gambling.

Big Data 277
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Big Data is Changing the Student Financial Aid Process

Smart Data Collective

While this was always the case for certain niches in the past, it’s becoming an increasingly popular practice even among retail and part-time positions that usually don’t have such harsh restrictions on their employees. The problem is that many people are struggling to get financial aid. Fortunately, big data is simplifying the process.

Big Data 308
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Advanced Data Analytics for the Smart Retailers

BizAcuity

The retail industry across the globe has been facing a rough patch for the past 24-36 months due to multiple disruptions- the pandemic, rising inflation, shortage of materials (like semiconductors), and stagnant demand for goods. The new wave of retail experience: the omnichannel boom. Omnichannel retailing: Challenges & Solutions.

Retail 147
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Leverage Blockchain Technology for Supply Chain Management

BizAcuity

Quite recently, the logistics industry was introduced to Edge and Fog cloud computing , to make the use of IoT devices (for analytics) cost-effective and efficient. It has all the benefits that could streamline the supply chain- transparency, traceability plus heightened visibility, collaboration, coordination, and planning.

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Top Legacy Modernization Tools for 2024

Astera

This approach works well for businesses that need to extend the life of their applications while planning for more comprehensive modernization in the future. Example: An online retailer moves its e-commerce application from an on-premises IBM WebSphere server using Java EE to AWS for better scalability and performance.

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What Is an EDI translation? An Ultimate Guide for 2024

Astera

Say we have a retailer that generates a purchase order (PO) in a proprietary XML format using its Enterprise Resource Planning (ERP) system. Suppose a global retail company wants to source products from suppliers across different continents. According to Fortune Business Insights , the EDI software market was valued at USD 1.78