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Translating Data into Action

Dataversity

To collect data is to collate data: arranging intelligence by exercising intelligence; analyzing intelligence based on experience; applying intelligence in accord with wisdom. The post Translating Data into Action appeared first on DATAVERSITY.

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The Surprising Benefits of Data Analytics for Furniture Stores

Smart Data Collective

Data analytics technology has played a huge role in the future of small businesses. One study from March 2020 showed that 67% of small businesses spend over $10,000 a year on data analytics. The furniture industry is among those relying more heavily on data analytics. Of course, this statistic predates the pandemic.

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How Data-Driven Decision Making Enables Better Management | Simplilearn

Simplilearn

Today’s data evangelists spread the good news about how data can positively affect businesses and how important it is to incorporate data into the decision-making process. Well, that sounds great, but what does that mean, and how does that translate into action? What is data-driven decision-making?

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How AI-Driven Data Analytics Tools Benefit Businesses and Organizations

Smart Data Collective

More and more businesses and organizations treat data as an essential asset. The importance of managing and leveraging data cannot be overestimated. The problem is that data can easily take enormous proportions. Thus, finding and isolating relevant data is a daunting task. AI-Powered Tools Can Speed Up Data Analytics.

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What is Dark Data, Why Does it Matter, and Why Are Humans Still Needed?

Timo Elliott

Back in the 1960s, a pair of radio astronomers were busily collecting data on distant galaxies. But what set these astronomers apart – and eventually earned them a Nobel Prize – was what they eventually found in the data. Opportunities for key insights are often buried in a vast universe of dormant information known as “dark data.”.

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How to Balance Human Intelligence with Artificial Intelligence

Domo

Our webinar, Data-Driven Decisions Are Both Science and Art , explored this interplay. See the dance between data and intuition Data provides the map, AI powers the motor, but human intuition steers the ship. Evolve the role of data professionals Harper underscores the changing landscape of data careers.

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Why Dashboard & Data Storytelling is vital for a Casino

BizAcuity

Why is data important for the casino business? Here is where data plays a big role. What is data storytelling? Data storytelling is the process of translating data analyses into simple terms in order to influence a business decision or action. How can dashboards and data stories benefit casinos?

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