Tag: analytics

October 4, 2022

A Data Strategy roadmap is a step-by-step guide to transform a business from its current state into the desired business organization. It is a more detailed, researched version of the Data Strategy and communicates when and how to implement specific […]

September 21, 2022

Data Governance applied to analytics, business intelligence (BI), or data modeling is nothing new, but Analytics Governance is somewhat different from Data Governance, says Malcolm Chisholm, president of Data Millenium. Chisholm spoke at DATAVERSITY’s Enterprise Analytics Online, stating that Analytics […]

September 6, 2022

Data is critical to empowering businesses to make decisions that translate into boosted bottom lines. However, a recent NewVantage survey found that only 24% of the workforce is confident in their ability to read, work with, and analyze data. As […]

September 6, 2022

A data catalog can be an excellent resource for a business. An important element of modern metadata management, it can make many workflows and business processes clearer, encourage better cross-departmental collaboration, and boost productivity in several key ways. Gretchen Burnham […]

September 2, 2022

The COVID-19 pandemic forced almost every organization to adapt to digital ways of working and operating virtually overnight – no matter their sector. It was a culture shock that meant brands had to accelerate their digital transformation strategies at short […]

August 30, 2022

Data quality refers to the planning and implementation of quality management measures for the data that companies generate. The idea is that the data should fit the end goal of the data consumer’s needs – and must follow specific quality […]

August 29, 2022

If your business is struggling to forecast and predict outcomes and results, your management team is probably considering predictive analytics. The technology research firm Gartner states that “by 2025, 50% of data scientist activities will be automated by artificial intelligence, […]

August 26, 2022

Companies across sectors and of all sizes face a common problem: understanding their profit margins and identifying the levers that are attributing to those margins. It’s as fundamental to business operations as you can get – if the margin isn’t […]

August 24, 2022

Every day, trillions of data points are generated, and, in theory, organizations can harness this data to make better, more informed decisions. But it’s precisely the vast scale of available data that makes it so hard to manage. According to […]

August 18, 2022

The field of decision science focuses on making data-informed decisions. Decision science helps to analyze the impact of a decision on the business. The best decisions are often made with a combination of data and precise business questions. The more […]

August 16, 2022

Those who use your software found it, love it, and want to use it. Unfortunately, some people use your software without paying for it. Software piracy – the use of software that’s been configured or tampered with to remove or […]

August 15, 2022

Many data scientists and analytics consultants complain they were hired to be a part of advanced analytics teams at corporations, but all they do is data analysis or reporting work. The bigger problem here is that the personnel leading these […]

August 11, 2022

In today’s world of unprecedented connectivity and advances in technology, the benefits of big data are accessible to even modestly scaled businesses. Indeed, business leaders who resist the shift to digital transformation do so at their own risk. But harnessing […]

August 8, 2022

As data science and AI technologies become more integrated into everyday business processes, more and more companies are seeing their tremendous benefits. But there are challenges with successfully deploying AI in a manner that drives measurable business outcomes. I wanted […]

August 4, 2022

Today’s business environment is inherently data-driven. Businesses need data to stay competitive and grow their market presence – data is regarded as the “currency” of the modern world and the key to the future. Data analytics, in turn, is the […]

July 22, 2022

Economic disruptions are forcing organizations to rethink the way they plan. Gone are the days of Excel and manual forecasting because much like the dystopian film “The Day After Tomorrow,” leaders have no idea what the next day will hold. […]

July 21, 2022

Data analytics in businesses help uncover competitive intelligence, actionable insights and trends. Different types of analytics enable businesses to gain an edge over their competitors. In the “data first” era, data-driven insights and decisions have become the key drivers of […]

July 18, 2022

The last few years have seen an astronomical increase in the amount of data being created, stored, and shared. According to the IDC, 64.2 zettabytes of data were created or replicated in 2020 largely due to the dramatic increase in […]

July 14, 2022

With the staggering amount of data in use today, it’s no wonder that business leaders are increasingly harnessing its power to develop meaningful insights and make informed decisions. According to a survey by Deloitte, organizations that make use of data […]

June 23, 2022

According to a West Monroe Partners’ survey, 68% of business and technology leaders surveyed don’t believe their competitors are leveraging data successfully. Obviously, when it comes to your competitive market space, your business does not want to exist in that […]