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. […]
Why Is a Data-Driven Culture Important?
Many modern organizations are recognizing how important it is to develop a data-driven culture. A data-driven culture typically describes a workplace environment and involves making information readily available to staff. The general idea in promoting a data-driven workplace culture is to increase profits by developing a business that functions in a streamlined, efficient, and friendly […]
The Importance of Women in Data Management
Despite the increasing participation of women in Data Management (DM) roles, women still confront gender-related challenges throughout their careers. One significant challenge is the persistent gender bias prevalent within the industry. According to the study USA Diversity in Data Report 2022-2023, only 26% of DM and analytics positions are held by women. Women often face stereotypes […]
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 […]
How to Become a Data Engineer
The work of data engineers is extremely technical. They are responsible for designing and maintaining the architecture of data systems, which incorporates concepts ranging from analytic infrastructures to data warehouses. A data engineer needs to have a solid understanding of commonly used scripting languages and is expected to support the steady evolution of improved Data Quality, […]
What Is Data Completeness and Why Is It Important?
Data completeness is an important aspect of Data Quality. Data Quality is a reference to how accurate and reliable the data is overall. Data completeness specifically focuses on missing data or how complete the data is, rather than concerns of inaccurate or duplicated data. A lack of data completeness is normally the result of information […]
5 Key Strategies for Making Data Visualization Accessible
“If I can’t picture it, I can’t understand it.” —Albert Einstein Research has found that 65% of the general population are visual learners, meaning they need to see information as images to understand it. The business world confirms this: Visualization is essential in driving success. Take, for instance, data visualization, or, the art of translating data into […]