Companies increasingly want to mature their Data Governance, the formal Data Management capabilities around its value as a service, in 2023. That way, organizations can respond to an uncertain business environment quickly and flexibly. While Kelle O’Neal, founder and CEO of the data consulting firm First San Francisco Partners, first identified this need for Data Governance as a […]
How Automation and AI Will Fill IT Labor Gaps
People who have viewed automation and AI with a sense of dread may be beginning to appreciate how it can reduce the boring, repetitive work that is the bane of their lives. In fact, rather than being a threat to human contributions to the enterprise, automation is a powerful enabler of creative, innovative work. An […]
Machine Learning vs. Predictive Analytics
Predictive analytics and machine learning are extremely powerful tools used to predict future outcomes from large amounts of data. They help businesses gain insights, improve efficiency, and make informed decisions. With the big data space estimated to reach a value of $105 billion by 2027 (up from $37 billion in 2018), and 97% of organizations investing in big […]
2023: Generative AI, IoB-Informed Products, and Other Data-Driven Technologies
There are several data-driven technologies that are primed to take off this year. Based on what we are seeing with our customers, we can expect a surge in the adoption of emerging technologies like generative artificial Intelligence as well as new software architectures that will transform markets, empower consumers, and deliver new personalized customer experiences. […]
How Biopharma Can Use Advanced AI and ML
The process of researching, developing, and ultimately commercializing a treatment for patients, regardless of the therapy area, is a long and costly one with slim chances for success. For example, the average R&D investment in developing a new drug treatment is $1.3 billion, the median development time is 5.9 to 7.2 years for non-oncology and 13.1 years for […]
2023 Predictions: Breakthroughs Incoming for AI and Data Science
Surprising though it may sound, most AI business applications remain rudimentary. Some industry spectators believe the market is flush with cutting-edge AI breakthroughs. But in truth, many providers mislabel rules-based tools – including robotic process automation (RPA) – as AI and ML. Seasoned DevOps teams and software engineers know that RPA – although useful in […]
AI and Machine Learning Trends to Watch in 2023
This article highlights 10 of the biggest trends triggered by technological advancements in artificial intelligence (AI) and machine learning (ML). These trends have collectively revolutionized the way businesses approach everything from education and economics to the environment. The broad AI and machine learning trends include the provisioning of cloud platforms for data activities – accelerating the use […]
What to Expect from AI, Data Science, and Wearables in Health Care in 2023
AI and data science have remained areas of focus in the last year and will continue to be top of mind for many tech companies in the coming year. Wearables, especially those with health monitoring capabilities, have also grown abundant as medical and consumer companies alike ramp up their offerings in response to increased demand. […]
Understanding the Five Tenets of Intelligent Automation
Data-driven decision-making is a critical aspect of modern business operations, with most organizations leveraging enterprise applications to execute their business processes easily and effectively. However, the users of these tools have historically needed to make a majority of their decisions manually, outside the software, creating inefficiencies that have a negative impact on operations. Businesses are […]
Goodbye Dashboards: How Modern BI Tools Are Being Used to Analyze Data
Not all that long ago, the only way for businesses to readily access their data was through dashboards. And, even then, these predefined and static dashboards provided data that was restricted only to citizen data scientists and data analysts. Standalone, static dashboards also inadvertently distract users and force them to shift their focus from their typical tasks […]