Smart video analytics is a powerful technology that processes and analyzes video data in order to extract insights and help make data-informed decisions. Growing in popularity, this innovative technology is improving the way we live and work today, as well as evolving to profoundly and positively change our lives in the future. Smart video is […]
Transforming Decision-Making Processes
On a typical day, managers spend 37% of their time making decisions, according to a McKinsey study. Decisions are the lifeblood of a business and need to be made with accuracy and speed. The manual and complex process of decision-making today amounts to 530,000 days of lost productivity and roughly $250 million in labor costs for the […]
How to Leverage Data Analytics to Boost Revenue
The shift from “go-with-your-gut” style to “data-driven” decision-making has revolutionized businesses. Today, data serves as the lifeblood of all types of businesses – small, medium, or large. That said, merely having data doesn’t guarantee accurate decision-making. Businesses require the right tools to extract meaningful insights from data. That’s where data analytics comes into play. Data […]
Empowering Power BI with the Semantic Layer
Today’s organizations widely acknowledge the significance of leveraging data and analytics. Virtually every executive envisions establishing a data-driven organization. However, a survey conducted by New Vantage Partners reveals that only a mere 26.5% of companies have effectively achieved this transformative goal. Part of the problem lies in the ineffective collaboration between business and technology teams. In the […]
Introducing the Data Analytics Fabric Concept
Organizations all over the world – both profit and nonprofit – are looking at leveraging data analytics for improved business performance. Findings from a McKinsey survey indicate that data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times more profitable [1]. Research by MIT found that digitally mature firms are 26% […]
Yes, Being a Citizen Data Scientist Can Help You Succeed
If your enterprise has nominated you for the role of a citizen data scientist, you must have the right tools and augmented analytics features to help you fulfill your role. Gartner has predicted that “90% of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency.” This statement, coupled with […]
Unlocking Strategic Insights by Leveraging Data Analytics in Product Management
In the dynamic landscape of contemporary business, data analytics in product management has become a pivotal driver of success. Data analytics, the systematic exploration of data sets to glean valuable insights, has revolutionized how companies design, develop, and refine their products. This transformative tool empowers product managers with a nuanced understanding of customer preferences, market trends, […]
AI Will Make You 10X the Data Analyst, Not Take Your Job
AI isn’t here to replace data analysts; it’s here to unlock their full potential and dramatically scale their work. With AI as their powerful ally, data analysts can unlock latent value in data and lead the charge in the fourth industrial revolution. In a world where AI creates viral images and crafts hit music, it’s clear that we’re […]
Finding the Right Data Science Role: 4 Key Criteria
Landing a Data Science role is one thing, but joining an organization where you can truly thrive is quite another. As a Data Science talent strategy leader, I can share my perspective on what I believe solid organizations will have in place to foster an engaged and developing data science community. To anyone navigating today’s Data […]
Self-Service Data Without Chaos
Information is power, and the ability to put information into the hands of those who can quickly act on it separates the leaders from the laggards in any market. Everyone in an organization – from HR professionals leveraging data to dictate hiring decisions to brand managers leveraging data for pricing optimization – benefits from analytics. […]