Business Analysis Digest

5 Ways B2B Companies Can Use Analytics for Pricing

Smart Data Collective

AUGUST 30, 2022

Analytics technology is very important for modern business. That figure is expected to grow as more businesses discover its benefits. In today’s business world, pricing has become one of the most important parts of a company’s strategy. We will also talk about ways to incorporate data analytics into these models.

Data Mining

Data Mining Data Analytics Data Analytics Real-time Data

What’s hard about AI? Operations!

Timo Elliott

APRIL 1, 2023

It’s not creating the models or doing the data science—it’s actually making it part of an operational process. which can end up in models that “work” on the test data, but not in the operational system. which can end up in models that “work” on the test data, but not in the operational system.

Innovation

Data Analytics Helps Optimize Subscriber-Based Business Models

Smart Data Collective

FEBRUARY 3, 2022

Therefore, the subscription business model is changing how customers pay for the service they receive. Hover, the subscription model can be quite challenging for businesses. If they wish to implement this model, they need to have an information collection system to keep track of billing and customer requests.

Data Analytics

Data Analytics Data Analytics Big Data

What is a Target Operating Model (TOM)?

Analysts Corner

FEBRUARY 6, 2023

Photo by Afif Ramdhasuma on Unsplash The Target Operating Model (TOM) is a blueprint that outlines the desired future state of an organization’s processes, systems, and organizational structure. A Target Operating Model helps align and optimize the business’s operations to achieve its strategic objectives.

Vision

Vision Planning Government Monitoring

Predictive Analytics Helps New Dropshipping Businesses Thrive

Smart Data Collective

MARCH 19, 2023

Paul Glen of IBM’s Business Analytics wrote an article titled “ The Role of Predictive Analytics in the Dropshipping Industry.” Data reviews can also give you insights into what products customers prefer, aiding product making and curation decisions. The dropshipping industry is among them.

Predictive Analytics

Predictive Analytics IBM cost IBM Support Banking

Using Analytics to Maximize Revenue with a SaaS Business Model

Smart Data Collective

MARCH 14, 2022

Data analytics technology is becoming a more important aspect of business models in all industries. The importance of customer loyalty and customer service has become increasingly well-known and companies have needed to adapt their business models accordingly to gain a competitive edge. SaaS companies are no exception.

Data Analytics

Data Analytics Data Analytics Customer Experience Customer Experience

The Fascinating Role of AI in the Evolution of Computer-Aided Designs

Smart Data Collective

JANUARY 6, 2022

It is no secret that businesses that are looking to maximize profit in the near future are looking at the role AI can play to unlock potential profits. Meaning that through features and the constraints of the software repetitive changes to the model can in theory be automated. Introduction. AI Trends Shaping Modern CAD.

Artificial Intelligence

Artificial Intelligence Innovation

Starting a New Project as a Business Analyst

Analysts Corner

JULY 3, 2023

Image by KamranAydinov on Freepik Starting a new project as a business analyst Starting a new project as a business analyst can be daunting. Gain domain knowledge If you are new to the business domain, attempt to read and learn as much as possible about the domain. What to do first? Who to talk to? What to look for?

Documentation

Documentation Collaborative Game Business Analysis Business Analysis

Agile Requirements Management Part 3 – A Collaborative Data Model

BA Times

APRIL 19, 2023

In this article I want to explore how to integrate data requirements with product features and user stories; the result is some very useful traceability to where a particular data entity or attribute is being used across a product.

Data Modelling

Data Modelling Agile Data Requirement Business Analysis

Analyst’s corner digest #17

Analysts Corner

SEPTEMBER 28, 2023

yours, Igor [link] BA Skills & Processes 1) Turn guesses into estimates with Wideband Delphi by Karl Wiegers Most software professionals must provide estimates for their work, but few of us are skillful estimators. A process model helps with visualising the problem area or defining the future state.

Enterprise Architecture

Enterprise Architecture Artificial Intelligence Logistics Process Modelling

Python for Business: Optimize Pre-Processing Data for Decision-Making

Smart Data Collective

DECEMBER 19, 2021

The rise of machine learning and the use of Artificial Intelligence gradually increases the requirement of data processing. That’s because the machine learning projects go through and process a lot of data, and that data should come in the specified format to make it easier for the AI to catch and process.

Data Mining

Data Mining Banking Artificial Intelligence Data Modelling

How to Decide Whether a SaaS Tool is Worth Purchasing?

Smart Data Collective

SEPTEMBER 13, 2022

In today’s more competitive, technology-driven corporate environment, all firms seeking to increase activity and productivity are reaping the benefits of the software world. The SaaS business model is gaining acceptance throughout the world. The abbreviation for software as a service is “SaaS.”

Artificial Intelligence

Artificial Intelligence Cloud Computing Documentation Big Data

Program Preview: Post Graduate Program in Digital Transformation | Simplilearn webinar starts 20-07-2022 15:30

Simplilearn

JULY 14, 2022

Digital transformation lets business leaders make innovative use of data and technology to build value from new opportunities, create new products and business models that address underserved markets, and overhaul business processes for more impact and reach new customers. Read More.

Digital Transformation

Digital Transformation Digital Innovation

ModelOps: Maximizing the Value of Machine Learning and Analytics | Simplilearn

Simplilearn

SEPTEMBER 12, 2022

However, businesses must develop a process that helps push their ML models into production and deployment while ensuring quality and consistent monitoring. Read More.

Monitoring

Big Data is Driving Key Changes for Malaysia’s Drug Regulators

Smart Data Collective

AUGUST 14, 2023

Malaysia is one of the countries that is likely to invest more in big data technology to improve its drug regulatory models. Known for its robust healthcare system, the country has a burgeoning demand for high-quality pharmaceutical products. However, the process of drug registration in Malaysia can be a labyrinth for the uninitiated.

Big Data

Big Data Pharmaceutical Documentation Healthcare

7 Enterprise Applications for Companies Using Cloud Technology

Smart Data Collective

AUGUST 30, 2022

Cloud computing has found its way into many business scenarios and is a relatively new concept for businesses. Here’s how enterprises use cloud technologies to achieve a competitive advantage in their essential business applications. Cloud technology helps companies recover business processes in a natural disaster.

Cloud Computing

Cloud Computing Data Mining Real-time Data Big Data

How Can You Use Machine Learning to Optimize Pricing in FinTech?

Smart Data Collective

OCTOBER 13, 2021

Figuring out the best pricing model can be tricky. Especially with a newly developed product, when you have to convince people to set up accounts and trust you with both: data and money. By processing and analyzing big amounts of data, they can help you establish optimized pricing plans. What product generates more money?

Artificial Intelligence

Artificial Intelligence User Experience Banking Planning

Great books for business analysts that work in products

Analysts Corner

FEBRUARY 2, 2023

A reading list for BAs in product teams Many business analysis professionals work in a product setting. Whether you’re collaborating with, or acting as, a product owner, there are product management approaches that are useful for conducting business analysis. I personally love both frameworks.

Business Analysis

Business Analysis Business Analysis Documentation Agile

Azure Cloud Is Transforming the Way We Run Our Businesses in 2021

Smart Data Collective

MARCH 28, 2021

Utilizing cloud services is no longer an option for businesses— it is a necessity. In 2021, cloud computing infrastructure will dominate the IT space and take over business cloud services. Any rigid business that is hesitant to embrace cloud computing technology is bound to experience great challenges.

Cloud Computing

Cloud Computing Customer Experience Customer Experience Monitoring

A New Business Model for a Midsize Business: Fresh Air As A Service

Timo Elliott

FEBRUARY 8, 2023

New cloud platform technologies have unleashed new opportunities for business model innovation. Midsize companies, in particular, can leverage their deep understand of their customer needs to go beyond providing products or simple transactional services, and instead introduce more value-added solutions on a subscription basis.

Supply Chain

Supply Chain Innovation Retail Design Thinking

How to build a product backlog?

Analysts Corner

JULY 13, 2022

In the beginning of projects, there is often uncertainty how to start with actual implementation of software product, especially when using agile framework. Photo by Gia Oris on Unsplash In case of bigger projects for software development, with complex processes, there are usually many stakeholders involved.

Vision

Vision Visualization Banking Agile

Business analysis tips for effective Product ownership

Analysts Corner

DECEMBER 26, 2022

A view from business analysis reference guides It’s not new that a good application of business analysis practices (traditional or agile) helps Product Owners improve their day-to-day work. There is also another possibility, where BAs partner with POs to collaborate in developing great products.

Business Analysis

Business Analysis Business Analysis Documentation Agile

Context

Passionate BA

MAY 30, 2023

Context, in the realm of IT business analysis and software development, refers to the surrounding environment within which software operates. The context plays a pivotal role in shaping the software product’s requirements, design, and functionality. Context is one of the six key business analysis concepts described in BACCM.

Business Analysis

Business Analysis Business Analysis Visualization Government

10 Ways Organizations Can Prepare for Changes Brought on by the IoT

Smart Data Collective

FEBRUARY 23, 2022

Many companies are going to have to revamp their entire business models in order to deal with the new technological changes brought on by advances in the IoT. The IoT is Changing the Nature of Business. However, it is having some very real implications in the world of business. The IoT has been a buzzword for many people.

Change Management

Change Management Innovation Digital Government

The analysis behind small experiments in product discovery

Analysts Corner

APRIL 10, 2024

Frameworks like Dual Track Agile from Marty Cagan’s book “Inspired” influenced organizations to split their efforts into product discovery and delivery. The Discovery track is all about quickly generating validated product backlog items, and the Delivery track is all about generating releasable software. Let’s try to clarify them.

Business Analysis

Business Analysis Business Analysis Agile Vision

Impressive Ways that AI Improves Business Analytics Insights

Smart Data Collective

MAY 13, 2022

With the growth of business data, it is no longer surprising that AI has penetrated data analytics and business insight tools. Business insight and data analytics landscape. Artificial intelligence and allied technologies make business insight tools and data analytics software more efficient. AI and machine learning.

Artificial Intelligence

Artificial Intelligence Predictive Analytics Business Intelligence Business Intelligence

Using Machine Learning to Lower the Cost of 3D Printing

Smart Data Collective

NOVEMBER 1, 2021

Machine learning technology has become an integral part of many different design processes. Earlier this year, Springer published a study on the role of machine learning in the 3D printing process. This has made cost a primary factor during production. Machine learning technology can be very useful in the design process.

Planning

Planning Artificial Intelligence

Ways Businesses Can Boost Logistics Performance with Analytics

Smart Data Collective

JUNE 30, 2022

Smart companies realize that analytics technology needs to be at the core of their business models. More companies are using data analytics to optimize their business models in creative ways. This is particularly true with logistics processes. It is also a case of business survival”. Vertical integration.

Logistics

Logistics Supply Chain E-Commerce Data Analytics

Companies Test Possibilities and Limits of AI in Research and Product Development

Smart Data Collective

OCTOBER 13, 2022

AI is a game-changing technology that has drastically changed how companies do business. It’s not just about improving existing products; it’s also about discovering new possibilities they didn’t know existed. AI helps companies find ways to improve their product development processes. Generative Design.

Artificial Intelligence

The Importance of Implementing a Sensible Data Collection Strategy

Smart Data Collective

MAY 24, 2022

In the world of business, data collection is very important. Quality data can be used to solve many different types of problems that may occur, such as improving financial efficiency, identifying the best customers to target with their marketing campaigns and exploring new ways to improve productivity. Interviews and Focus groups.

Big Data

Big Data Digital Planning

5 Things You Didn’t Know About FDA Data-Driven Software Validation

Smart Data Collective

AUGUST 22, 2021

Big data has been instrumental in the software development process. A number of software developers are using data analytics and machine learning technology to improve the quality of their products and expedite the development of their applications. What is FDA Software Validation and How Does Data Analytics Come Into Play?

Pharmaceutical

Pharmaceutical Big Data Documentation Data Analytics

Mastering the Product Operating Model: A Blueprint for Business Agility

Cprime

FEBRUARY 6, 2024

Product operating model FAQs addressed in this article: What is a product-centric operating framework? How does a product-centric framework impact business performance? How does a product-centric framework impact business performance? What are the key practices of a product-centric operating model?

Agile

Agile Innovation Product Management Product Management

BA Techniques?—?Prioritization

Analysts Corner

FEBRUARY 12, 2023

BA techniques — prioritization Photo by Ch_pski on Unsplash Feature and user story prioritization is important for business analysts in a development project for several reasons: Alignment with business goals : Business analysts play a key role in aligning the development project with the overall business goals and objectives.

User Experience

User Experience Business Analysis Business Analysis Product Management

Powerful Video Summaries, Powered by AI

Timo Elliott

MARCH 6, 2023

He explains how businesses can leverage AI and machine learning to turn anything into a sensor, detect patterns in new ways, and augment human intelligence. He focuses on three big opportunities: faster innovation, empowering business people, and moving from analytics to action.

Artificial Intelligence

Artificial Intelligence Innovation Supply Chain Logistics

SMEs Use AI-Driven Financial Software for Greater Efficiency

Smart Data Collective

MARCH 27, 2023

billion on AI in 2021 , but small businesses may spend even more on AI-driven financial management software. Banks and other financial institutions are combining AI with other technologies to transform their business models. The dashboard streamlined their business trading and procurement process.

Banking

Banking Finance Procurement Digital

5 Data Mining Tips to Leverage the Benefits of Surveys

Smart Data Collective

MARCH 23, 2022

Undoubtedly, learning more about your customers is one of the best things you can have and directly impacts the decision-making process. To not begin from scratch, consider using survey templates for your business. Use the 5Ps model (People, Product, Promotion, Price, Place).

Data Mining

Data Mining Monitoring Big Data

Leveraging Data Science To Grow And Manage Your Team

Smart Data Collective

AUGUST 18, 2021

When applied to the hiring process, data analytics can help you strategically grow and manage your team with greater accuracy and success. 50% of business owners consider big data to be the most effective hiring method, a Global Recruiting Trends survey reveals. Speed up the recruitment process.

Big Data

Big Data Data Analytics Data Analytics Predictive Analytics

How Can Machine Learning Change Customer Reviews?

Smart Data Collective

SEPTEMBER 24, 2021

As technology advances, machine learning will have more opportunities to help businesses engage with their customers and improve the overall customer experience. To do so, we can use feedback and product review data from other customers who bought the same item as our target audience. Using Machine Learning to Encourage Reviews.

Artificial Intelligence

Artificial Intelligence Customer Experience Customer Experience Data Requirement

How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

JUNE 16, 2022

Analytics is becoming more important than ever in the world of business. Over 70% of global businesses use some form of analytics. They are using analytics to help drive business growth. While we are at it, Gartner’s 2022 report on business composability further pushes the need for analytics. is at the doorstep.

Portfolio Management

Portfolio Management Supply Chain Predictive Analytics Business Analysis

4 IT Management Best Practices Data-Driven Businesses Must Practice

Smart Data Collective

JUNE 27, 2022

Data-driven businesses are far more successful than companies that don’t utilize data to their advantage. You have to make sure that your IT infrastructure is adequately equipped to handle the volume of data your company will be processing and that it will be properly secured.

Big Data

Big Data Digital Transformation Artificial Intelligence Vision

Using Data-Driven Lean Thinking to Optimize Business Processes

Smart Data Collective

JULY 20, 2022

Data-driven decision-making has become a major element of modern business. A growing number of businesses use big data technology to optimize efficiency. One of the ways that smart business leaders can create successful data strategies is to utilize lean thinking. Keep reading to learn how to combine these two initiatives.

Big Data

Big Data Data Analytics Data Analytics Monitoring

Using Data Analytics for Selecting Staff Augmentation & Managed Services

Smart Data Collective

JULY 9, 2021

Companies can use data analytics to improve their hiring processes. It also helps with creating a solid hiring model. It has been shown that big data can minimize employment risks during the hiring process. Choosing the right staffing model. There are different staffing models available to companies.

Data Analytics

Data Analytics Data Analytics Talent Acquisition Big Data

What are machine learning and data science in the context of business analytics?

Analysts Corner

MARCH 7, 2023

Machine learning and data science are two critical components of business analytics. These technologies have transformed the way businesses operate and make decisions by leveraging data to gain insights and drive growth. Supervised learning involves training a model using labeled data, where the inputs and outputs are known.

Supply Chain

Supply Chain Artificial Intelligence Data Visualization Logistics

How AI and ML Can Transform Data Integration

Smart Data Collective

OCTOBER 20, 2021

In the current disruptive times, businesses depend heavily on information in real-time and data analysis techniques to make better business decisions, raising the bar for data integration. along with traditional ones challenge old models of data integration. along with traditional ones challenge old models of data integration.

Artificial Intelligence

Artificial Intelligence Big Data Data Modelling Data Management

5 Ways B2B Companies Can Use Analytics for Pricing

What’s hard about AI? Operations!

Trending Sources

Data Analytics Helps Optimize Subscriber-Based Business Models

What is a Target Operating Model (TOM)?

Predictive Analytics Helps New Dropshipping Businesses Thrive

Using Analytics to Maximize Revenue with a SaaS Business Model

The Fascinating Role of AI in the Evolution of Computer-Aided Designs

Starting a New Project as a Business Analyst

Agile Requirements Management Part 3 – A Collaborative Data Model

Analyst’s corner digest #17

Python for Business: Optimize Pre-Processing Data for Decision-Making

How to Decide Whether a SaaS Tool is Worth Purchasing?

Program Preview: Post Graduate Program in Digital Transformation | Simplilearn webinar starts 20-07-2022 15:30

ModelOps: Maximizing the Value of Machine Learning and Analytics | Simplilearn

Big Data is Driving Key Changes for Malaysia’s Drug Regulators

7 Enterprise Applications for Companies Using Cloud Technology

How Can You Use Machine Learning to Optimize Pricing in FinTech?

Great books for business analysts that work in products

Azure Cloud Is Transforming the Way We Run Our Businesses in 2021

A New Business Model for a Midsize Business: Fresh Air As A Service

How to build a product backlog?

Business analysis tips for effective Product ownership

Context

10 Ways Organizations Can Prepare for Changes Brought on by the IoT

The analysis behind small experiments in product discovery

Impressive Ways that AI Improves Business Analytics Insights

Using Machine Learning to Lower the Cost of 3D Printing

Ways Businesses Can Boost Logistics Performance with Analytics

Companies Test Possibilities and Limits of AI in Research and Product Development

The Importance of Implementing a Sensible Data Collection Strategy

5 Things You Didn’t Know About FDA Data-Driven Software Validation

Mastering the Product Operating Model: A Blueprint for Business Agility

BA Techniques?—?Prioritization

Powerful Video Summaries, Powered by AI

SMEs Use AI-Driven Financial Software for Greater Efficiency

5 Data Mining Tips to Leverage the Benefits of Surveys

Leveraging Data Science To Grow And Manage Your Team

How Can Machine Learning Change Customer Reviews?

How can CIOs Build Business Value with Business Analytics?

4 IT Management Best Practices Data-Driven Businesses Must Practice

Using Data-Driven Lean Thinking to Optimize Business Processes

Using Data Analytics for Selecting Staff Augmentation & Managed Services

What are machine learning and data science in the context of business analytics?

How AI and ML Can Transform Data Integration

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