What is smart data?

Smart data refers to the processed and curated data that has been refined to provide meaningful insights for decision-making. It is essentially data that has been formatted, processed, and analyzed in a way that makes it more usable and valuable. Smart data is generally accessed via business intelligence and analytics tools that help organizations derive insights from this data in real-time, making it easier to make informed decisions. It is considered a crucial component for data-driven decision-making and is at the heart of the digital transformation of businesses in today's data-driven era. Smart data applications cover a vast range of industries, including healthcare, retail, finance, and manufacturing, among others.