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Why Investing in Data Is Crucial for Business Growth In 2022

Smart Data Collective

As technology continues to advance data generation across the world, it’s safe to say that investing in data solutions will be crucial to seeing business growth and success in 2022 and beyond. IBM estimates that 90% of all data generated by the Internet of Things (IOT) is not analyzed, or utilized in business decision processes.

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How The Cloud Made ‘Data-Driven Culture’ Possible | Part 1

BizAcuity

The cloud market is well on track to reach the expected $495 billion dollar mark by the end of 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. While that allows easy access to users, and saves costs, the cloud is much more and beyond that.

IBM cost 130
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Interesting statistics around big data, data analysis, and usage

Analysts Corner

Data Analysis (Image created using photo and elements in Canva) Evolution of data and big data Until the advent of computers, limited facts were collected and documented, given the cost and scarcity of resources and effort to capture, store, and maintain them. B y 2025 , t he world will produce slightly over 180 zettabytes of data.

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Why Data Quality and Data Governance are Important to Achieve Compliance

Analysts Corner

In this article, we present a brief overview of compliance and regulations, discuss the cost of non-compliance and some related statistics, and the role data quality and data governance play in achieving compliance. The average cost of a data breach among organizations surveyed reached $4.24 In 2020 alone, banks were fined $14.2

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Moving to the cloud? Choose cloud service providers wisely

Analysts Corner

Is it because of cost-saving and pursuit of flexibility? At the same time, the overall end-user spending is expected to grow 20% in 2022 alone, which translates into $495 billion. As a result, you benefit from agility, scalability, and cost reduction. Cloud is not a new technology. It’s been around for a couple of decades now.

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How The Cloud Made ‘Data-Driven Culture’ Possible | Part 2: Cloud Adoption

BizAcuity

They drive business growth in 2022 thanks to its heightened capabilities. Quick recap from the previous blog- The cloud is better than on-premises solutions for the following reasons: Cost cutting: Renting and sharing resources instead of building on your own. We also differentiated cloud adoption from cloud washing.

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Advanced Data Analytics for the Smart Retailers

BizAcuity

Walmart along with IBM are experimenting with Blockchain, surveying pilot projects aimed towards the goal of 100% visibility of their supply chain. With the right forecasting model in place, businesses leverage highly accurate forecasts to ensure maximum cost savings. The new wave of retail experience: the omnichannel boom.

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