With the tremendous growth of business data in terms of volume, size, and complexity, it is imperative that global enterprises develop a strong Data Strategy to address their core business needs. However, a realistic Data Strategy has to incorporate a clear road map with milestones, so that strategy documents do not end up as digital […]
The Future of Data Literacy
There was a time when only the elite, tech-savvy staff in an organization understood and felt qualified to discuss data-enabled business decisions. These individuals often possessed advanced academic degrees in Data Science, data engineering, statistics, operations research and other allied fields and did not speak the language of the ordinary business staff. As a result, […]
Implementing a Cloud Data Strategy
At a time when most major companies are showing a long-range commitment to “data-driven culture,” data is considered the most prized asset. An Enterprise Data Strategy, along with aligned technology and business goals, can significantly contribute to the core performance metrics of a business. The underlying principles of an Enterprise Data Strategy comprise a multi-step […]
Data Governance vs. Blockchain
Data Governance is the hot topic in today’s security- and privacy-concerned digital ecosystem. Blockchain technology offers data-centered security to sensitive, transactional systems that require tamper-resistant, fully auditable tracking mechanisms. Thus, blockchain and Data Governance (DG) complement each other in many ways, while maintaining distinct operational philosophies and application turfs. Blockchain is today’s preferred technology for […]
How is Bad Data Crippling Your Data Analytics?
Some striking evidence of the impact of bad data can be found in fake email IDs, impersonations on social media, or misuse of stolen financial or personal information. The more widespread harm can be caused by bad data in Data Analytics, where anything from the wrong medical diagnosis to incorrect interpretation of stock history can […]
IoT vs. Serverless Computing
The Internet of Things (IoT) describes an interconnected network of physical and digital devices, sensors, mechanical components, and communication protocols with the ability to transfer and exchange data machine-to-machine or machine-to-interactions. The serverless computing model is cloud-based and all its resources are managed by the service provider. The client is charged based on the consumption […]
The Digital Mesh: How is it Changing Enterprises?
Is this a science fiction movie? No, the digital mesh — the long-awaited gift of connected technologies — is here now. Advanced science and telecommunications technologies together triggered the latest technology disruption, enabling people, processes, and digital devices to engage in a way that is vital for the survival of modern businesses. Landmark Digital Disruption: […]
Prescriptive Analytics Use Cases
The term “prescriptive analytics” denotes the use of many different disciplines such as AI, mathematics, analytics, or simulations to advise the user whether to act, and what course of action to take. In that sense, prescriptive analytics offers an advisory function regarding the future, rather than simply “predicting” what is about to happen. This newer […]
Data Governance in the Cloud
IT center, on-premise infrastructure is becoming increasingly complex and costly, and requires highly skilled manpower, so businesses are now moving their IT and Data Science functions to the cloud. Cloud computing promises low-cost storage facilities, 100 percent up-time, managed services, and automated analytics and BI services, leaving the businesses to concentrate on their domain expertise […]
Citizen Data Scientists: Where Do They Belong?
The phenomenal growth of data technology in recent years has led to the rise of the citizen data scientists (CDS). Developments in augmented analytics and artificial intelligence (AI) automation have now made it possible for ordinary business employees to conduct advanced analytics or business intelligence (BI) which would have required expert knowledge even some years […]