Data Analytics Data Mining Digital Predictive Analytics 
Smart Data Collective
JANUARY 29, 2020
The Internal Revenue Service (IRS) is one of the organizations that has started using big data to enforce its policies. Small businesses should utilize their own big data tools to keep up with the evolving changes this has triggered. The IRS uses highly sophisticated data mining tools to identify underreporting by taxpayers.
Smart Data Collective
MARCH 2, 2023
One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Since so many companies went digital during the pandemic, that figure has probably increased over the last few years. Therefore, data-driven pricing may be even more critical during a bad economy.
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Smart Data Collective
AUGUST 24, 2021
It is important to know how to use data analytics to improve your budget, cut costs and make sound investment decisions. One way to use analytics is to invest in cryptocurrencies more wisely. However, you can also identify the best digital currencies to invest in. Using Data Analytics to Find the Perfect Cryptocurrency.
Smart Data Collective
MARCH 5, 2022
Here are some reasons that data scientists will have a strong edge over their competitors after starting a dropshipping business: Data scientists understand how to use predictive analytics technology to forecast trends. Data scientists know how to leverage AI technology to automate certain tasks.
Smart Data Collective
NOVEMBER 12, 2021
Big data technology has been instrumental in changing the direction of countless industries. Companies have found that data analytics and machine learning can help them in numerous ways. We talked about the benefits of outsourcing IoT and other data science obligations. However, the converse approach can also be useful.
Smart Data Collective
FEBRUARY 20, 2022
One study actually found that companies with a data strategy had 84% higher revenue and 66% higher profits. However, knowing how to execute a data strategy isn’t always easy. This is possibly one of the most important benefits of using big data. Data analytics technology helps companies make more informed insights.
Smart Data Collective
APRIL 7, 2022
Companies in the distribution industry are particularly dependent on data, due to the complicated logistics issues they encounter. There are many reasons that data analytics and data mining are vital aspects of modern e-commerce strategies.
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