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How To Use Data For Smarter Business Decisions

Smart Data Collective

Companies around the world are projected to spend over $684 billion on big data by 2030. The applications outlined in this article illustrate the reasons the market for big data technology is rising so rapidly. It is crucial to business growth , as companies transition to more digital business models.

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8 Ways AI Contributes to Ecommerce Business Scalability

Smart Data Collective

Therefore, it is no surprise that the market for AI-enabled ecommerce services is projected to be worth nearly $17 billion by 2030. In 2018, Blake Morgan wrote an article in Forbes detailing how Amazon rebranded itself around AI. Our past article on this topic will give you some advice. Incorporate Automation.

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5 Sources of Data for Customer Analytics and Their Benefits

Smart Data Collective

Global businesses are projected to spend over $684 billion on big data by 2030. This article will go over the concept of customer service analytics and some of the uses and advantages it could provide to a business. There is no disputing that data analytics is a huge gamechanger for companies all over the world.

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7 Mistakes to Avoid When Using Machine Learning for SEO

Smart Data Collective

Companies around the world are projected to spend over $300 billion on machine learning technology by 2030. More Companies Are Discovering the Benefits of Using Machine Learning for SEO A few years ago, we wrote an article pointing out that machine learning is rewriting the rules of SEO.

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AI-Based Banking Loan Software Will Become Norm In 2022

Smart Data Collective

However, the market for AI in banking is expected to grow over 30% a year and will be worth over $64 billion by 2030. In this article, we decided to cover the tendencies in banking loan software in 2022 and give a brief market outlook of AI-driven lending software as a whole. They currently spend just under $4 billion in 2020.

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AI Is Changing the Automotive Industry Forever

Smart Data Collective

billion last year , but it is projected to be worth nearly $20 billion by 2030. Frost and Sullivan has a very informative article on the benefits of using tools like ChatGPT in the automotive sector to improve customer service. Many other automotive companies are expected to follow suit.

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Ways Big Data Creates a Better Customer Experience In Fintech

Smart Data Collective

billion on financial analytics by 2030. This article focuses on big data in financial industry, its role, and how it helps fintech companies protect their customers and improve the customer experience. Global companies are projected to spend $19.8 The fintech sector will be among the biggest proponents.