Data silos often develop unintentionally within businesses, catching leaders by surprise. They hinder cross-departmental collaboration while giving rise to inconsistent data quality, communication gaps, reduced visibility, and increased expenses. The gravity of impact can be gauged from a report by Forrester research, which finds that knowledge workers spend an average of 12 hours a week “chasing data.” […]
Building a Data Culture with Data Storytelling
Businesses worldwide are churning out vast volumes of data like never before. Statistics show that people will generate 120 zettabytes of data by the end of 2023, and that number will likely climb to 181 zettabytes by 2025. To extract the full value of all this data, business leaders must prioritize data-driven practices such as data storytelling – a […]
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 […]
AI and Data Privacy: Where Do They Intersect?
According to new research from IBM, 35% of companies now use AI in their business. From health care to manufacturing to government, data-driven organizations across all major industries are realizing the benefits of AI: automation of repetitive tasks, faster processing of data, improved accuracy, and more. But as AI adoption becomes more widespread and advanced, business leaders […]