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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

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Data monetization: driving the new competitive edge in retail

CGI

Data monetization: driving the new competitive edge in retail. Retailers are fully aware that their future relies largely on their ability to use data efficiently. However, in today’s dynamic and highly competitive retail sector, retailers need to accelerate their plans and commit resolutely to the path of data monetization.

Retail 96
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Digital Transformation Examples: How Data Is Transforming the Hospitality Industry

erwin

The rate at which organizations have adopted data-driven strategies means there are a wealth of digital transformation examples for organizations to draw from. Online start-ups such as Airbnb, HomeAway and Couchsurfing are some of the most clear cut digital transformation examples in the hospitality industry.

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Driving new revenue streams through artificial intelligence and advanced analytics

CGI

Driving new revenue streams through artificial intelligence and advanced analytics. We are now on the cusp of a major revolution—something that will be as big for banks as the internet was for retail businesses. Foundational steps in adopting AI and advanced analytics. Sourcing data for AI and advanced analytics.

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The customer experience evolution: Today’s data-driven, real-time discipline

IBM Big Data Hub

For example, McKinsey found that 50% of consumers reported they would switch brands if their preferred brand was unavailable due to shortages. How we arrived at this CX environment Early days of retail Before mass media, it was harder to know what other products were available outside of the ones offered by the local store.

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6 ecommerce trends to watch

IBM Big Data Hub

Some forecasts suggest online retail might be responsible for half of all retail revenues by next year. In what McKinsey refers to as “the e-commerce catch-22,” many retailers with significant growth in ecommerce sales through 2020 and 2021 saw their margins decline.

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Achieve Data Center Excellence with IBM and VMware

IBM Big Data Hub

Sometimes, we can look to others who have gone before us for inspiration and examples to help shape our vision for success. For inspiration, look across industries to uncover examples of data center success. Healthcare: Support telemedicine and patient data analytics, requiring stringent compliance regulations.