Typical business intelligence implementations allow business users to easily consume data specific to their goals and daily tasks. The ability to analyze both past and present events unlocks information about the current state and is essential for remaining competitive in today’s data-forward market. With that in mind, there are some common business intelligence challenges that […]
Analytics Governance: The Big Picture
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 Governance is focused within a more centralized unit rather than the distributed model Data Governance requires. “There […]
Boost Business Value with a Well-Defined Enterprise Analytics Strategy
As digital technologies spread their roots in the business world, organizations have access to more data than ever. This data becomes an essential organizational asset when utilized for enriching business strategies. But the process of turning data into insights is as important as the data itself. Hence, more and more organizations across sectors are deploying advanced analytics to grow […]
Why Digital Analytics Is So Important Today – and Three Real-World Practical Use Cases
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 notice and push through changes that had been in development or stuck on board agendas […]
Five Types of Advanced Analytics Challenges
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 teams genuinely believe their problem statements are advanced in nature. And rightly so – as […]
Key Trends in Data and Analytics
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 the power of data and analytics requires careful planning, preparation, and commitment. Where to begin? […]
Why You Need Both BI Tools and Augmented Analytics (and How to Choose a Vendor)
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 68% of the pie chart! Your senior execs and managers want to leverage data and information […]
Operational Data Analytics Extends Finance’s Value
Futuristic films, such as the new “Doctor Strange in the Multiverse of Madness,” are a fun look into what the future might hold. But outside the cinema, we’re seeing shifts in what’s possible right now. By leveraging operational data that’s collected throughout their very own organization, finance leaders are transforming the finance function and extending the […]
How to Build Data Governance Programs That Last: A Business-First Approach
Data analytics and AI play an increasingly pivotal role in most modern organizations. To keep those initiatives on track, enterprises must roll out Data Governance programs to ensure data integrity, compliance, and optimal business value. Data Governance has become a fundamental element of success, a key to establishing the data integrity framework in any business. The […]
Eradicating Broken Data Integration Approaches to Unleash Advanced Analytics
As enterprises continue to struggle with the effects of the global pandemic, the modern data analytics stack is undergoing a shock of its own. The world has changed, and we’re living in a new hybrid multicloud reality. Lower levels of the IT stack, which is to say, data centers, networks, raw storage and compute, are […]