Commerce today runs on data – guiding product development, improving operational efficiency, and personalizing the customer experience. However, many organizations fall into the trap of thinking that more data means more sales, when these two factors aren’t directly correlated. Often, executives will become overzealous in their digital transformations and cut blank checks for data collection, […]
Data Discovery 101
Data discovery deals with extracting useful information from data and presenting it in a visual format that is easily understood. The types of useful information discovered during the process range from finding patterns in human behavior to gaining insights about data glitches to answering highly specific business questions. Using data taken from a variety of […]
The Rise of Augmented Analytics: Combining AI with BI for Enhanced Data Insights
Businesses today are drowning in data. The sheer volume and complexity of information available have made it increasingly difficult for organizations to extract meaningful insights using traditional business intelligence (BI) tools and the expertise of specialized data scientists. This is where augmented analytics comes in. This game-changing technology combines the power of artificial intelligence (AI) […]
Understanding Linear Regression Intercepts in Plain Language
I am often asked about the role of intercepts in linear regression models – especially the negative intercepts. Here is my blog post on that topic in simple words with minimal statistical terms. Regression models are used to make predictions. The coefficients in the equation define the relationship between each independent variable and the dependent variable. […]
Preparing for La Niña: Adopting Predictive Maintenance Before Hurricane Season
With a La Niña watch issued for the summer, businesses operating in hurricane-prone regions face heightened concerns about the impending storm season. La Niña heavily impacts the wind shear and atmospheric conditions over the Atlantic, where most hurricanes form thanks to its warm waters. It’s rare to go a year without a hurricane hitting some part of […]
Overcoming Real-Time Data Integration Challenges to Optimize for Surgical Capacity
In the healthcare industry, surgical capacity management is one of the biggest issues organizations face. Hospitals and surgery centers must be efficient in handling their resources. The margins are too small for waste, and there are too many patients in need of care. Data, particularly real-time data, is an essential asset. But it is only […]
ADV Webinar: Architecting a Modern Data Platform
Download the slides here>> This webinar is sponsored by: About the Webinar Organizations require a comprehensive enterprise data cloud platform to modernize applications and utilize machine learning. This research-based session will discuss the components of modern enterprise data stacks, such as dedicated compute, storage, data integration, and streaming, and focus on total cost of ownership. […]
Dashboard Tools for Data Analytics
In the world of data analytics, dashboard tools are pivotal instruments, distilling vast quantities of complex data into comprehensible, actionable insights. These tools are not mere luxuries but necessities for organizations aiming to navigate the data-rich environment of today’s digital businesses. By leveraging dashboard tools, businesses can transform raw data into a visually engaging and […]
Demystifying Data Analytics Models
In today’s global landscape, organizations worldwide are increasingly turning to data analytics to enhance their business performance. Research conducted by McKinsey Consulting revealed that data-driven companies not only experience above-market growth but also witness EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increases of up to 25% [1]. Additionally, Forrester’s findings indicate that organizations utilizing […]
Graph Databases: Benefits and Best Practices
Graph databases have improved significantly since the 1990s, with new developments and a better realization of best practices. Graph technology has become one of the most popular methods of performing big data research. Its focus on finding relationships and its flexibility make it ideal for a variety of research projects. An awareness of new developments […]