The internet is the world’s largest information database. Inside the giant mountain of data it contains, there are insights and tools to inform just about any issue your organization might be having. The problem is, when confronted with the issues, you can’t simply brandish the whole mountain in defense. To carve out the correct tools, […]
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 […]
Data Science Solutions: Applications and Use Cases
Data Science is a broad field with many potential applications. It’s not just about analyzing data and modeling algorithms, but it also reinvents the way businesses operate and how different departments interact. Data scientists solve complex problems every day, leveraging a variety of Data Science solutions to tackle issues like processing unstructured data, finding patterns […]
The Role of Decision Science in Shaping Business Analytics
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 precise the questions, the more precise the data requirements will be. Harvard’s Center for Health […]
Is Your Business Ready for Data Science?
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 to share with you some of the best ways to address those challenges and help […]
Training a Machine Learning Model to Building a Predictive Web Application in Three Easy Steps
Do you remember when we took you through the nine circles of hell with parameter optimization and a cup of tea? We introduced a parameter optimization workflow that uses four different machine learning models, individually optimizes the hyperparameters, and picks the best combination of machine learning method and hyperparameters for the user. However, the usual data scientist journey […]
Machine Learning Best Practices
Artificial intelligence (AI), machine learning (ML), and data science are together transforming modern organizations in new ways. These highly advanced technologies—along with a long queue of related technologies—have reshaped global organizations of all shapes and sizes in recent times. The cumulative success of these technologies in businesses is so huge that now the remaining organizations […]
A Pragmatic Approach to AI in the Enterprise
Enterprise artificial intelligence (AI) adoption continues to surge in the wake of the pandemic. According to IDC, the AI solutions market is on track to break the $500 billion mark in 2024 – a significant jump from $341.8 billion in 2021. At the same time, the ROI on AI initiatives is quite low. More than three […]
Evaluating Enterprise Data Literacy
Any organization that aims toward complete digital transformation must move toward Enterprise Data Literacy. So, what exactly is Data Literacy? Gartner defines Data Literacy as: “The ability to read, write and communicate data in context, including an understanding of data sources and constructs, analytical methods and techniques applied – and the ability to describe the […]
Why Data Storytelling Matters to Data Scientists
In an increasingly data-driven world, companies worldwide have transformed the way they operate. Much of this is thanks to their ability to access a volume of data that was not available in the past. However, more recently, organizations have realized that simply collecting data is not enough, with many struggling to master the language of data. […]