Real-Time Data Processing Is No Longer the Future – It Is Essential Right Now

World-wide real-time data grows exponentially every minute as more people use more devices, websites, IoT sensors, and other ways to stay connected. Today, the ability to instantly analyze and capitalize on streaming data, precisely when it is generated, is key to the success or failure of an organization. While the customer is still king, real-time data processing supplies […]

Data Science: How to Shift Toward More Transparency in Statistical Practice

Data Science and statistics both benefit from transparency, openness to alternative interpretations of data, and acknowledging uncertainty. The adoption of transparency is further supported by important ethical considerations like communalism, universalism, disinterestedness, and organized skepticism.  Promoting transparency is possible through seven statistical procedures:  Data visualization Quantifying inferential uncertainty Assessment of data preprocessing choices Reporting multiple models Involving […]

The IRS Embraces Big Data to Fight Tax Fraud

After years of hiding in plain sight, cyber entrepreneurs and investors have finally caught the attention of the IRS. This is due mainly to the rise of non-fungible tokens (NFTs) and the crypto bubble. In addition to tech millionaires secreting their wealth in cryptocurrencies and digital banks, increased incidences of identity theft and refund fraud […]

Small and Medium-Sized Businesses Need Self-Serve Advanced Analytics

If your small or medium-sized business (SMB) is looking for ways to improve forecasting, problem-solving, and market opportunities, it must embrace self-service advanced analytics that allow business users to leverage their role, their knowledge of their business function, and their collaborative initiatives to gather, analyze, and share information and improve business results.  According to Gartner, natural […]

5 Ways Data Can Help Save the Planet

A sustainable and equitable world is the holy grail – a world in which planet comes before profit; where equality, diversity, and inclusion are a prerequisite; and where ethics are baked into every aspect of our society and business.   While this may seem like decades away from becoming a reality, there is hope.  If the UN […]

Five Ways Decision Intelligence Helps Accelerate Data-Driven Decision-Making

With 2022 well underway, many businesses are deploying new data-driven strategies and models to promote growth, accelerate digital transformation, and increase operational efficiency. However, to maximize success, enterprise leaders must incorporate decision intelligence and data-driven insights into their decision-making processes.  Decision intelligence is an approach that can help ease the burden of data analysis and […]

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