article thumbnail

Social Networks and Big Data: the best strategy for getting to know your customers

mjvinnovation

This is because the volume of daily data produced in these virtual environments is a real gold mine for companies prepared to prospect for it. Keep reading to understand how you can benefit from the combination of Social Networks + Big Data. Social Networks: the gold mine of data. And Big Data is the tool for the job. ?

article thumbnail

Recognizing the Building Blocks of Innovation

Paul Hobcraft

Over the years, so much has improved and understood by the explanations, case examples, suggestions, clarifications and ways they were “built into” the individual innovation processes that each company chose to construct their innovation process. Briefly, I summarize what these have been bringing into innovative thinking.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Emerging Technologies Impacting Today’s Digital Transformation

Acuvate

In fact, the International Data Corporation anticipates the total amount spent on digitalization globally will surpass $2.1 trillion by 2021. AI-equipped tools are optimizing internal business operations and allowing employees to hone their creative skills and make data-driven decisions. . 4 Big Data.

article thumbnail

Extracting Actionable Insights From Data: What you need to know

Acuvate

Extracting insights from raw data and making data-driven decisions has now become pertinent to organizations around the world. In fact, businesses driven by data insights and analytics are effectively growing at an average of more than 30 percent every year , and by 2021, they are expected to take $1.8 Final words.

Data 90
article thumbnail

6 Remarkable Applications of AI in the Oil & Gas Industry

Acuvate

Powerful technologies like AI, machine learning, IoT, and Big Data monitor on-field operations to identify fatal signs, such as hazardous gas levels and unauthorized personnel access. AI, machine learning (ML), analytics, and industrial IoT were the top game-changing technologies in 2021. Driving workplace safety.

article thumbnail

Top 5 Digital transformation use cases for the BFSI industry

Acuvate

According to Forrester Analytics , in 2021, 76% of Spanish banking customers used their mobile banking app at least monthly, and 34% of UK online adults who applied for a loan in the past 12 months did their research on a smartphone. Digital and mobile banking building smarter customer service operations.

article thumbnail

Jobs to be Done: what is it, and how is it used to analyze customers

mjvinnovation

When we buy a painting, our job may be to make the house cozier, for example. > Speaking of strategy, we suggest reading our e-book: Strategic planning for 2021! Use Data Science. Another point that can assist your discovery process is Data Science, especially the exploration of Big Data.