SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

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The Two Roads to Project Management

Now a day’s evolution and invention can be seen in every field. One thing common in these fields is the need of management. Any project is successful only if a proper management plan is adapted. Here, one evolution turned out to be a mirror of legacy. Agile approach is significantly opposite of the traditional waterfall approach. 

Waterfall Approach, also known as Liner Sequential Life Cycle, is highly structured and sequential in nature whereas Agile methodology is a practice that helps continuous iteration of development and testing in the software development process. 

Both of these approaches have their own strengths and flaws. Thus, it becomes important for a business to identify and select most appropriate approach.

 

To know more visit: https://www.itbusinessedge.com/articles/choosing-between-the-two-approaches-to-project-management.html

 

  3677 Hits

Blockchain and Big Data

Blockchain has reached new heights for Big Data. It has strengthen cyber security and has been trying to create a  much more efficient world. There are numerous benefits of blockchain for Big Data. Improved data quality and security are the most important of all of them. It has also made data access easier. But there still are some challenges in the implementation. Find out more at: 

https://www.smartdatacollective.com/rise-of-blockchain-technology-mean-for-big-data/

 

  3526 Hits

Big Data in Gaming

Big data has started to play a vital role in gaming industries nowadays. Providing individual experience and maximizing the advertising of its products, gaming industry is far beyond ready to take big data to its peak. They have implemented techniques to collect data directly from online sources. They have data for marketing like never before. Big data has a new definition, a new meaning to everyone in the gaming industry, big data means a better consumer experience. Read more at: 

https://www.smartdatacollective.com/online-gaming-industry-uses-big-data-analytics-grow/

 

  3650 Hits

Weather Prediction Improved

Hadoop has helped in shaping the future of weather forecasting in a much better way than the analyst could have ever predicted.  More factors can now be evaluated in the models. Also, the advancement in big data has allowed meteorologists to highly depend on the digital models. How exactly will Hadoop affect the future of meteorology? Find out at:

https://www.smartdatacollective.com/hadoop-predictive-analytics-improves-weather-forecasting-models/

 

  3832 Hits

Chatbots At Their Best

Chatbots and AI are being reshaped everyday for a better outcome. They are available 24/7 for specialized customer service. They are better at engaging with customers. They are intelligent and hence can provide support to customers. Chatbots provide many advantages with their highly-capable functionalities. Find out all of them at: 

https://www.smartdatacollective.com/ways-chatbots-changing-customer-service-cycle/

 

  3738 Hits

Artificial Intelligence at your Service

In the current scenario, AI is a big game changer in customer service, interaction and transitions. It uses data to effectively target the right audience with right content for best consumer experience. It has made Customer Relationship Management smarter then ever. AI-enabled chatbots render an ideal customer success paradigm. AI uses knowledge-base for customer success team. It improves customer success automation. Read more at: 

https://www.smartdatacollective.com/how-ai-play-crucial-role-in-customer-success/

 

  3662 Hits

The blend of AI and Big Data in generating business ideas

The union of artificial intelligence and big data analytics had awaken lots of business ideas in creative minds. Many of the start-ups are planning to come up with some innovative business ideas. As per the survey of 2018 around 97.2% of the companies are at the verge of implementing and launching AI and Big data initiatives. The executives of the companies now can visualise the potential. Large enterprises now can directly access the essential volumes and sources of data. These were used to understand the AI algorithm to resolve the patterns and its behaviours. Many companies like American Express and Morgan Stanley have publicly shared their success stories.

For more information, visit:

https://sloanreview.mit.edu/article/how-big-data-and-ai-are-driving-business-innovation-in-2018/

 

  3338 Hits

Digital Transformation with Big Data

A number of trends lately has helped in shaping the Big Data. But, digital transformation is one of the key ones of all. It is being predicted that it might change the ways of data science profession in the years to come. Key features like flexibility, access to expertise, data security, etc. has helped it overcome most of the challenges. Many are saying that data transformation is the next major phase of Big Data. Find out more at: 

https://www.smartdatacollective.com/digital-transformation-unexpected-renaissance-age-of-big-data/

 

  3511 Hits

AI Can Do More Than Just Playing Games

Artificial Intelligence has always been an integral part of the gaming world. When we play a single player game, against computer, who actually is playing against us, it is the artificial intelligence. But the role of AI may extend further, it may be used for mitigating the risk of fraud. They may help in building better relationships with the long-time gaming customer. So, have you ever wondered about  the future of AI in gaming industry? Find out at: 

https://www.smartdatacollective.com/gaming-platforms-adopt-ai-customer-risk-profiling/

 

  3717 Hits

Facial Recognition in Consumer Research

A number of times, users tend to fill in false demographic inputs in different surveys to earn rewards and enjoy premium benefits. But, visual data may change that for these organisations. Facial Recognition can help authenticate those inputs and reduce the rate of response errors in the survey, making it way more valid than before. Read more:

https://www.smartdatacollective.com/big-data-facial-recognition-tools-launch-consumer-research/

  3535 Hits

Big Data to The Rescue

Every business is undergoing a digital transition, which in turn keeps adding huge amount of information every day. Big Data is one of the best tool in today’s world when we talk about problem solving. It has truly helped us in overcoming the age-old challenges, and now it is doing the same with different businesses. Read more at:

https://www.smartdatacollective.com/big-data-unlocks-key-age-old-challenges-businesses-face/

 

  3852 Hits

Analytics and Data Interpretation in Football

The NFL or The National Football League is a professional American football league consisting of 32 teams, divided equally between the National Football Conference and the American Football Conference and the use of new technology of analytics has entered in the mainstream of the league. Nowadays, technology is part of players' gear to get data and statistical information. For example, radio frequency identification or RFID sensors are sewn into shoulder pads of the players.

Now, football has advanced to the point the sport is complemented by bio-mechanics, blood analysis and wristband monitors. There is even a sleeve that can be worn to monitor the stress on a quarterback’s arm. The data that is received from these monitors can help in selecting special practice sessions to manage fatigue levels for the player. This application reduces the risk of some injuries.

 

Read more at: Here

  2579 Hits

Chatbots Are Here to Stay

Artificial Intelligence has come to a new dawn. The future truly relies on AI. From Eliza to Google Assistant, AI chatbots have come a long way now. But how are they helping to strengthen the marketing efforts. Find out at:

https://www.smartdatacollective.com/ai-chatbots-help-strengthen-marketing-efforts/

 

  3705 Hits

Man & Machine vs Data

Most of the organisations right now are collecting a lot of data every day and doing all sorts of manipulations with it. And now, since we have the right tools, it is easier for us to make better decisions and have more cost efficiency. But, the machine all on its own can never be of the best use for data management. A co-operation between humans and machines is becoming essential at all levels. Read more at: 

https://www.computer.org/web/computingnow/insights/content?g=53319&type=article&urlTitle=5-reasons-the-future-of-big-data-requires-human-machine-cooperation

 

  3829 Hits

Big Data Takes on Road Accidents

Road accidents almost tops the list for the cause of injuries and death all around the world. But now, Big Data researchers seem to have come up with an effective solution. They say Big Data can help us understand crash site data, make vehicles safer and eliminate risk in isolated solutions. Some suggest that automated vehicles are the way to go. Whatever they do, road safety cannot be achieved without human effort and focus. Or can it? Read more at:

https://www.smartdatacollective.com/investigating-the-relationship-between-big-data-and-road-safety/

 

  3050 Hits

How chatbots are helping in business

Business requires you to be as productive as possible so that the overhead costs are lower and profits are higher. But, not all business utilizes the tools they could be to make that really happen and one new tool that is gaining popularity, however, is not yet used by all businesses are the chatbots, a computer suite that interacts with humans over the internet. Their replication of human language and behavior provides several benefits that can be used in your business. They are: Saving time, saving money, providing greater customer satisfaction, increase customer base, cutting down errors etc. Read more at: 

https://www.business2community.com/business-innovation/6-benefits-of-using-chatbots-in-your-business-02060310

 

  3449 Hits

Artificial Intelligence and Digital Marketing

In today’s date, Artificial intelligence is controlling our lives and with each passing month, AI is becoming ever more integral to our world. It is true that advertising and marketing are important in terms of partnering with digital creative agencies to find unique uses for the technology. It is also true that AI is transforming digital marketing in many ways from machine learning to building custom content. This article link explores five of the applications for AI that are already revolutionizing digital marketing. They are : Machine Learning, Behaviour analysis, Integrating Insights, Creating and Presenting Personalized Content. Read more at:  

https://www.business2community.com/digital-marketing/5-ways-ai-is-transforming-digital-marketing-02059595

 

  3806 Hits

GPS in Hospitals

Location-based tools can be easily imagined to be used for transportation purposes, but this technology has also recently been linked to the healthcare sector. With modern location data, you can easily find where all the physicians are and they can be easily called to the facility in a case of emergency. Similarly, an injured patient can be sent to the exact place in the facility that is not that busy as compared to others. Recently, a hospital in Wisconsin saved $850,000 in overtime staffing costs by placing a similar system. Find out more at: 

https://www.smartdatacollective.com/real-time-location-data-revolutionizing-healthcare-industry/

 

  3028 Hits

Ways for effective Influencer Marketing Campaign

There are many levels to an influencer marketing campaign, just like any other marketing strategy. The basics of these marketing strategy are vital i.e. find a fit for your brand, establishing a budget, and be thoughtful and thorough while you engage your influencers. But, it can be difficult to fine tune your campaign and catch how to quantify your investment, both for your team and for the people who approve your budget. So, this article link by Kristen Matthews (specialist in creating content) gives us some hints to get your numbers and strategies on point. Read more at : 

https://www.business2community.com/digital-marketing/next-level-influencer-marketing-roi-answers-for-your-brand-02061232

 

  2794 Hits

GPS in Hospitals

Location-based tools can be easily imagined to be used for transportation purposes, but this technology has also recently been linked to the healthcare sector. With modern location data, you can easily find where all the physicians are and they can be easily called to the facility in a case of emergency. Similarly, an injured patient can be sent to the exact place in the facility that is not that busy as compared to others. Recently, a hospital saved $850,000 in overtime staffing costs by placing a similar system. Find out more at: 

https://www.smartdatacollective.com/real-time-location-data-revolutionizing-healthcare-industry/

 

  3553 Hits

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