Discerning businesses are ensuring each area of their organizations has access to performance metrics. Armed with data, their teams can accelerate decision-making, respond to client and marketplace demands, and mitigate risks. The issue is many organizations have segregated data environments. Each department often has its own data management platform that may not integrate with other […]
Streaming Data Dilemma: 5 Reasons Some Companies Aren’t Streaming Data Yet
In the era of big data and bigger AI, businesses are relying more on the importance of real-time data processing and analytics. Streaming data is a powerful paradigm for handling continuous, unbounded streams of data in real time. However, despite benefits like reduced latency, improved responsiveness, and the ability to make data-driven decisions on the […]
How AI Liberates BI Data from Dashboards
Business intelligence (BI) has historically been a platform for data and business analysts who build dashboards for executives to make decisions. But the generative AI (GenAI) explosion over the past 18 months has changed the game. People everywhere have tasted the power of ChatGPT and now want a natural language interface to every application. But […]
What Is PMML and Why Is It Important?
You may not be an analytics expert and you may find terms like PMML integration somewhat daunting. But, in reality, the concept is not complex, and the value is outstanding. So, what is PMML integration? PMML stands for “predictive model markup language.” It is an interchange format that provides a method by which analytical applications and […]
Enhancing the Reliability of Predictive Analytics Models
Predictive analytics is a branch of analytics that identifies the likelihood of future outcomes based on historical data. The goal is to provide the best assessment of what will happen in the future. Basically, predictive analytics answers the question “What will happen?” The value of predictive analytics lies in enabling business enterprises to proactively anticipate […]
The Future of Insurance: A Business Analyst’s Insight into Emerging Trends and Technologies
The insurance industry is undergoing a revolution, mainly driven by the application of advanced emerging technologies. The application and installation of new technologies enable a better future for our industry, where customers will receive maximum efficiency, security, and flexibility. Here, we address the major technologies and trends that influence this transition, shedding light on their […]
Demystifying Advanced Analytics: Which Approach Should Marketers Take?
“Advanced analytics” has been the new buzzword on every organization’s mind for the past several years. Recent advancements in machine learning have promised to optimize every arm of an organization – from marketing and sales to supply-chain operations. For some, investments in advanced analytics have been worth the hype. Those who succeed can gain a […]
Mind the Gap: Analytics Architecture Stuck in the 1990s
Welcome to the latest edition of Mind the Gap, a monthly column exploring practical approaches for improving data understanding and data utilization (and whatever else seems interesting enough to share). Last month, we explored the data chasm. This month, we’ll look at analytics architecture. From day one, data warehouses and their offspring – data marts, operational […]
Securing Data in Transit for Analytics Operations
Most enterprises today store and process vast amounts of data from various sources within a centralized repository known as a data warehouse or data lake, where they can analyze it with advanced analytics tools to generate critical business insights. Modern data warehouse platforms such as Snowflake, AWS Redshift, Azure Synapse Analytics, and IBM Db2 are built with […]
Demystifying AI: What Is AI and What Is Not AI?
In recent months, particularly following the release of ChatGPT, there has been an unprecedented surge in interest surrounding artificial intelligence (AI). This heightened attention spans across a multitude of sectors, including business enterprises, technology companies, venture capital firms, universities, governments, media outlets, and more. As the interest in AI is intensifying, some companies have even […]