Fraud techniques, including phishing, vishing, deepfakes, and other scams are becoming increasingly sophisticated – making it easier than ever to perpetuate fraud at scale. This is placing businesses in danger of financial losses, and trust and reputational damage. Now, there’s an alarming trend among organized crime rings that have the potential to defraud enterprises of […]
Three Key Commandments of Effective Dashboards
A dashboard is a visual snapshot of business performance using KPIs (key performance indicators) to help users make smarter, data-driven decisions. An effective dashboard simplifies the visual representation of complex data and helps stakeholders understand, analyze, and present key insights at a glance. At the core, the objective of a dashboard is to make complex […]
Four Perspectives on the Art of Data Analytics
As data science professionals, we are often viewed as people who draw conclusions based only on data and minimize other factors. This perception usually becomes contentious when the insights and evidence from the data are inconsistent with somebody else’s “hypothesis.” Or we are confused and maybe frustrated when “qualitative” analysis trumps quantitative analysis. The next time […]
Data Catalog, Semantic Layer, and Data Warehouse: The Three Key Pillars of Enterprise Analytics
Analytics at the core is using data to derive insights for measuring and improving business performance [1]. To enable effective management, governance, and utilization of data and analytics, an increasing number of enterprises today are looking at deploying the data catalog, semantic layer, and data warehouse. But what exactly are these data and analytics tools […]
Data Activation: The Key to Taking Data Reports to the Next Level
Let’s talk about an inconvenient truth: For the typical business, data reporting has a tendency to fall short of producing the desired outcomes. Despite the significant resources that organizations often invest in producing data reports – and in the data collection, governance, and analytics processes that happen prior to reporting – the people who actually […]
15 Essential Data Mining Techniques
Data mining techniques can be applied across various business domains such as operations, finance, sales, marketing, and supply chain management, among others. When executed effectively, data mining provides a trove of valuable information, empowering you to gain a competitive advantage through enhanced strategic decision-making. At its core, data mining is a method employed for the […]
Four Ways SMBs Can Maximize the Value of Data
Businesses of all sizes are collecting more data, continuously, than ever before. But many – particularly small and medium-sized businesses (SMBs) – have trouble understanding where their data sits, how to connect and act on it, how to manage it, and, most importantly, how to drive value from it. While there’s been a huge surge […]
7 Data Democratization Trends to Watch
Enterprises all around the world are relying on analytics to provide the insights they need to streamline operations and delight their customers. However, making the right data available to the right people at the right time is becoming more and more challenging. While the ability to perform analytics on huge volumes of data is beefing up […]
Unlocking the Full Potential of Data Collaboration Through PETs
What’s the future of data collaboration? It’s a question that should be on the lips of every C-suite executive in global organizations right now. The unrealized potential of consumer data is immense for businesses wanting to forge deeper connections with their customers and unlock new opportunities, but many are unsure how to proceed when faced […]
Managing Missing Data in Analytics
Today, corporate boards and executives understand the importance of data and analytics for improved business performance. However, most of the data in enterprises is of poor quality, hence the majority of the data and analytics fail. To improve the quality of data, more than 80% of the work in data analytics projects is on data […]