In a world driven by data, business analytics and data analytics can work together to maximize efficiencies, uncover actionable insights, and help businesses drive value. Data analytics is an iterative study of data in an organization, focusing on applying statistical and other techniques to uncover insights that may help to promote innovation and the financial […]
What Makes a Great Data Scientist in 2023?
A great data scientist combines expert knowledge of various interrelated academic disciplines to help global enterprises make agile decisions for improved business performance. Data scientists use statistics, mathematics, data mining, and computer science to analyze data sets for observable trends and patterns. They are also experts in data collection and storage methods. The Bureau of Labor Statistics had predicted […]
Data Literacy Skills Every Organization Should Build
Since we live in a data-driven world, companies with the appropriate talent to derive insights from business data do far better than their competitors. In today’s competitive global business landscape, modern businesses must treat their prime asset – data and data literacy skills – as a top priority to thrive and prosper in the global […]
Data Science Metrics: Purpose and Uses
When one thinks of “metrics” in the context of Data Science, the term might denote raw numbers as in descriptive metrics, qualitative labels as in marketing analytics, or comparative labels as in website analytics. Metrics come in many different forms and structures, but the primary objective of Data Science metrics is to measure and report […]
Analytics Solutions: Applications and Use Cases
Data and analytics are particularly critical to today’s businesses because they improve strategic decision-making. Analytics solutions and use cases provide customers with added value in health care, retail, higher education, manufacturing, and other industries that capture a lot of valuable data. By harnessing different types of analytics available, organizations across varying industries can understand how products are […]
How to Build a High-Performance Analytics Team
When most people think of analytics, they tend to picture a rigidly left-brained data scientist more at home with computer programming than creativity. But analytics leader and author John K. Thompson challenges such a notion. During his keynote presentation at DATAVERSITY’s Enterprise Analytics Online event, he proposed instead that the members of an analytics team can be […]
Data Literacy and Analytics: Where Do They Intersect?
Data is the new oil. But what good is that data if we don’t know how to leverage it? According to the Human Impact of Data Literacy report, only 32% of surveyed executives felt like they were able to create measurable value from data. Organizations are struggling to make the most of the data and analytics they […]
Analytics Governance: The Big Picture
Data Governance applied to analytics, business intelligence (BI), or data modeling is nothing new, but Analytics Governance is somewhat different from Data Governance, says Malcolm Chisholm, president of Data Millenium. Chisholm spoke at DATAVERSITY’s Enterprise Analytics Online, stating that Analytics Governance is focused within a more centralized unit rather than the distributed model Data Governance requires. “There […]
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 […]
Do You Really Need a Data Catalog?
A data catalog can be an excellent resource for a business. An important element of modern metadata management, it can make many workflows and business processes clearer, encourage better cross-departmental collaboration, and boost productivity in several key ways. Gretchen Burnham and Becky Lyons of First San Francisco Partners recently sat down with DATAVERSITY® to talk about some of the big questions in […]