From Big To Smart Data How Can Data Analytics Support Strategic Decisions To Gain Competitive Advantage
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From Big To Smart Data How Can Data Analytics Support Strategic Decisions To Gain Competitive Advantage
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Author : Alexej Eichmann
language : en
Publisher: GRIN Verlag
Release Date : 2015-10-26
From Big To Smart Data How Can Data Analytics Support Strategic Decisions To Gain Competitive Advantage written by Alexej Eichmann and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-10-26 with Business & Economics categories.
Research Paper (postgraduate) from the year 2015 in the subject Business economics - Operations Research, grade: 1, University of Applied Sciences Essen, language: English, abstract: One of the biggest challenges currently and in the upcoming years is the amount of data generated worldwide, which will increase exponentially by factor 10. The challenge for business leaders in the era of Big Data will be to identify and to use the most relevant data for decision-making in the context of Strategic Management. This assignment analysis which relevance data analytics of Big respectively Smart Data nowadays has and how it can be utilized in enterprises to gain a higher degree of competitive advantage. Therefore a few selected examples and use cases are provided on the Corporate, Business and Functional level of Strategic Management. Business leaders are using data analytics to understand cost and revenue drivers, to evaluate risks and to predict trends to improve business performance and to foster innovation. Studies show, that Big Data will revolutionize business operations and change the way of doing business. Companies not dealing with Big Data will lose their competitive advantage. With a deeper understanding of customers’ behavior and demands through analysis of Big Data, companies can find new ways to approach existing and potential customers by improved or new products. Criticism related to this is the debate about data security and data privacy and the misuse of personal data.
Demystifying Big Data Analytics For Industries And Smart Societies
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Author : Keshav Kaushik
language : en
Publisher: CRC Press
Release Date : 2023-10-02
Demystifying Big Data Analytics For Industries And Smart Societies written by Keshav Kaushik and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-02 with Computers categories.
This book aims to provide readers with a comprehensive guide to the fundamentals of big data analytics and its applications in various industries and smart societies. What sets this book apart is its in-depth coverage of different aspects of big data analytics, including machine learning algorithms, spatial data analytics, and IoT-based smart systems for precision agriculture. The book also delves into the use of big data analytics in healthcare, energy management, and agricultural development, among others. The authors have used clear and concise language, along with relevant examples and case studies, to help readers understand the complex concepts involved in big data analytics. Key Features: Comprehensive coverage of the fundamentals of big data analytics In-depth discussion of different aspects of big data analytics, including machine learning algorithms, spatial data analytics, and IoT-based smart systems Practical examples and case studies to help readers understand complex concepts Coverage of the use of big data analytics in various industries, including healthcare, energy management, and agriculture Discussion of challenges and legal frameworks involved in big data analytics Clear and concise language that is easy to understand This book is a valuable resource for business owners, data analysts, students, and anyone interested in the field of big data analytics. It provides readers with the tools they need to leverage the power of big data and make informed decisions that can help their organizations succeed. Whether you are new to the field or an experienced practitioner, "Demystifying Big Data Analytics for Industries and Smart Societies" is must-read.
Data Analytics And Artificial Intelligence For Predictive Maintenance In Smart Manufacturing
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Author : Amit Kumar Tyagi
language : en
Publisher: CRC Press
Release Date : 2024-10-23
Data Analytics And Artificial Intelligence For Predictive Maintenance In Smart Manufacturing written by Amit Kumar Tyagi and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-23 with Computers categories.
Today, in this smart era, data analytics and artificial intelligence (AI) play an important role in predictive maintenance (PdM) within the manufacturing industry. This innovative approach aims to optimize maintenance strategies by predicting when equipment or machinery is likely to fail so that maintenance can be performed just in time to prevent costly breakdowns. This book contains up-to-date information on predictive maintenance and the latest advancements, trends, and tools required to reduce costs and save time for manufacturers and industries. Data Analytics and Artificial Intelligence for Predictive Maintenance in Smart Manufacturing provides an extensive and in-depth exploration of the intersection of data analytics, artificial intelligence, and predictive maintenance in the manufacturing industry and covers fundamental concepts, advanced techniques, case studies, and practical applications. Using a multidisciplinary approach, this book recognizes that predictive maintenance in manufacturing requires collaboration among engineers, data scientists, and business professionals and includes case studies from various manufacturing sectors showcasing successful applications of predictive maintenance. The real-world examples explain the useful benefits and ROI achieved by organizations. The emphasis is on scalability, making it suitable for both small and large manufacturing operations, and readers will learn how to adapt predictive maintenance strategies to different scales and industries. This book presents resources and references to keep readers updated on the latest advancements, tools, and trends, ensuring continuous learning. Serving as a reference guide, this book focuses on the latest advancements, trends, and tools relevant to predictive maintenance and can also serve as an educational resource for students studying manufacturing, data science, or related fields.
Big Data Intelligence For Smart Applications
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Author : Youssef Baddi
language : en
Publisher: Springer Nature
Release Date : 2022-01-18
Big Data Intelligence For Smart Applications written by Youssef Baddi and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-18 with Computers categories.
Today, the use of machine intelligence, expert systems, and analytical technologies combined with Big Data is the natural evolution of both disciplines. As a result, there is a pressing need for new and innovative algorithms to help us find effective and practical solutions for smart applications such as smart cities, IoT, healthcare, and cybersecurity. This book presents the latest advances in big data intelligence for smart applications. It explores several problems and their solutions regarding computational intelligence and big data for smart applications. It also discusses new models, practical solutions,and technological advances related to developing and transforming cities through machine intelligence and big data models and techniques. This book is helpful for students and researchers as well as practitioners.
Competing On Analytics
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Author : Thomas H. Davenport
language : en
Publisher: Harvard Business Press
Release Date : 2007-03-06
Competing On Analytics written by Thomas H. Davenport and has been published by Harvard Business Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-03-06 with Business & Economics categories.
You have more information at hand about your business environment than ever before. But are you using it to “out-think” your rivals? If not, you may be missing out on a potent competitive tool. In Competing on Analytics: The New Science of Winning, Thomas H. Davenport and Jeanne G. Harris argue that the frontier for using data to make decisions has shifted dramatically. Certain high-performing enterprises are now building their competitive strategies around data-driven insights that in turn generate impressive business results. Their secret weapon? Analytics: sophisticated quantitative and statistical analysis and predictive modeling. Exemplars of analytics are using new tools to identify their most profitable customers and offer them the right price, to accelerate product innovation, to optimize supply chains, and to identify the true drivers of financial performance. A wealth of examples—from organizations as diverse as Amazon, Barclay’s, Capital One, Harrah’s, Procter & Gamble, Wachovia, and the Boston Red Sox—illuminate how to leverage the power of analytics.
Advances In Cultural Tourism Research
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Author : Bart Neuts
language : en
Publisher: Springer Nature
Release Date : 2024-10-14
Advances In Cultural Tourism Research written by Bart Neuts and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-10-14 with Business & Economics categories.
This open access book pertains to the "International Conference on Cultural Tourism Advances," held on June 27 and 28, 2023, at KU Leuven, Belgium. It focuses on advancing understanding of the sustainable development potential of cultural tourism by examining successful policy interventions, emerging cultural tourism trends, advancements in visitor management systems, new business and governance models, and the opportunities arising from ICT in the twenty-first century. This book presents recent key advances and their significant outcomes in the domain of European Cultural Tourism.
Enterprise Big Data Engineering Analytics And Management
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Author : Atzmueller, Martin
language : en
Publisher: IGI Global
Release Date : 2016-06-01
Enterprise Big Data Engineering Analytics And Management written by Atzmueller, Martin and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-01 with Computers categories.
The significance of big data can be observed in any decision-making process as it is often used for forecasting and predictive analytics. Additionally, big data can be used to build a holistic view of an enterprise through a collection and analysis of large data sets retrospectively. As the data deluge deepens, new methods for analyzing, comprehending, and making use of big data become necessary. Enterprise Big Data Engineering, Analytics, and Management presents novel methodologies and practical approaches to engineering, managing, and analyzing large-scale data sets with a focus on enterprise applications and implementation. Featuring essential big data concepts including data mining, artificial intelligence, and information extraction, this publication provides a platform for retargeting the current research available in the field. Data analysts, IT professionals, researchers, and graduate-level students will find the timely research presented in this publication essential to furthering their knowledge in the field.
Big Data Concepts Methodologies Tools And Applications
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Author : Management Association, Information Resources
language : en
Publisher: IGI Global
Release Date : 2016-04-20
Big Data Concepts Methodologies Tools And Applications written by Management Association, Information Resources and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-20 with Computers categories.
The digital age has presented an exponential growth in the amount of data available to individuals looking to draw conclusions based on given or collected information across industries. Challenges associated with the analysis, security, sharing, storage, and visualization of large and complex data sets continue to plague data scientists and analysts alike as traditional data processing applications struggle to adequately manage big data. Big Data: Concepts, Methodologies, Tools, and Applications is a multi-volume compendium of research-based perspectives and solutions within the realm of large-scale and complex data sets. Taking a multidisciplinary approach, this publication presents exhaustive coverage of crucial topics in the field of big data including diverse applications, storage solutions, analysis techniques, and methods for searching and transferring large data sets, in addition to security issues. Emphasizing essential research in the field of data science, this publication is an ideal reference source for data analysts, IT professionals, researchers, and academics.
Effective Big Data Management And Opportunities For Implementation
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Author : Singh, Manoj Kumar
language : en
Publisher: IGI Global
Release Date : 2016-06-20
Effective Big Data Management And Opportunities For Implementation written by Singh, Manoj Kumar and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-20 with Computers categories.
“Big data” has become a commonly used term to describe large-scale and complex data sets which are difficult to manage and analyze using standard data management methodologies. With applications across sectors and fields of study, the implementation and possible uses of big data are limitless. Effective Big Data Management and Opportunities for Implementation explores emerging research on the ever-growing field of big data and facilitates further knowledge development on methods for handling and interpreting large data sets. Providing multi-disciplinary perspectives fueled by international research, this publication is designed for use by data analysts, IT professionals, researchers, and graduate-level students interested in learning about the latest trends and concepts in big data.
Advanced Digital Marketing Strategies In A Data Driven Era
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Author : Saura, Jose Ramon
language : en
Publisher: IGI Global
Release Date : 2021-06-25
Advanced Digital Marketing Strategies In A Data Driven Era written by Saura, Jose Ramon and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-25 with Business & Economics categories.
In the last decade, the use of data sciences in the digital marketing environment has increased. Digital marketing has transformed how companies communicate with their customers around the world. The increase in the use of social networks and how users communicate with companies on the internet has given rise to new business models based on the bidirectionality of communication between companies and internet users. Digital marketing, new business models, data-driven approaches, online advertising campaigns, and other digital strategies have gathered user opinions and comments through this new online channel. In this way, companies are beginning to see the digital ecosystem as not only the present but also the future. However, despite these advances, relevant evidence on the measures to improve the management of data sciences in digital marketing remains scarce. Advanced Digital Marketing Strategies in a Data-Driven Era contains high-quality research that presents a holistic overview of the main applications of data sciences to digital marketing and generates insights related to the creation of innovative data mining and knowledge discovery techniques applied to traditional and digital marketing strategies. The book analyzes how companies are adopting these new data-driven methods and how these strategies influence digital marketing. Discussing topics such as digital strategies, social media marketing, big data, marketing analytics, and data sciences, this book is essential for marketers, digital marketers, advertisers, brand managers, managers, executives, social media analysts, IT specialists, data scientists, students, researchers, and academicians in the field.