Data has three main functions that provide value to the business: To help in business operations, to help the company stay in compliance and mitigate risk, and to make informed decisions using analytics. “Data can have an impact on your top line as well as your bottom line,” said Dr. Prashanth Southekal, CEO of DBP-Institute […]
Scaling the Analytics Team: Developing Key Roles
In an enterprise analytics team, different roles exist to fill different needs, and those needs must be met in order to be successful. Launching an analytics program doesn’t necessarily require a massive influx of personnel before producing usable insights from data, yet it’s important that critical roles are filled, whatever the size of the team. […]
Deep Learning and Analytics: What is the Intersection?
Emergent artificial intelligence (AI) technologies, especially the automated algorithms populating analytics platforms, are impacting and reshaping the world of business analytics. The underlying connections between traditional analytics processes and the disruptive technologies will make you cheer if you happen to be a data scientist or a business analyst — because your redefined role in the […]
Working Towards Explainable AI
“The hardest thing to understand in the world is the income tax.” This quote comes from the man who came up with the theory of relativity – not exactly the easiest concept to understand. That said, had he lived a bit longer, Albert Einstein might have said “AI” instead of “income tax.” Einstein died in […]
How Much Data Quality is Good Enough?
Ask the question “How much Data Quality is good enough?” and see some very puzzled and alarmed looks. Data Quality, comprising all activities making data fit for consumption, plays a fundamental role in trust, security, privacy, and competitiveness. Good Data Quality is critical because it fuels a surviving and thriving business. While it would be […]
Data Leadership: The Key to Data Value
Data and business have become inseparable, so if your business isn’t using data effectively, you’re in trouble. Yet using it effectively can be a struggle. Not knowing how to find the right data, not trusting the available data, and not having confidence in the tools and people providing that data can lead people to conclude […]
Driving Good Data Management Across the Enterprise
Data Management develops in stages across the enterprise, according to the DATAVERSITY® Trends in Data Management Report. One or a few teams take the lead doing Data Management, ensuring successful data knowledge, protection, access, and value for projects or products. Then the good practices stay with that team or project, while others miss out on […]
Fundamentals of Cognitive Analytics
The journey of data analytics began with simple descriptive (review of past events) and diagnostic (analysis of past events) exercises and moved to the more sophisticated predictive and prescriptive genres,where advanced data models have enabled accurate future forecasts and actionable intelligence. And now cognitive computing has further strengthened the actionable predictive power of the machines […]
Overcoming Data Governance Challenges with Best Practices
Jason Dye, Director of Enterprise Data Governance at Ally, says that sometimes Data Governance feels like a thankless job. “I’m struggling up this sandy godforsaken hill and then some guy’s standing on the sidelines going, ‘I don’t know what’s so hard about Data Governance. It’s easy.’” But that may be because Dye makes it look […]
The Collective Data Literacy Gap
Every graph, data set, and chart has a story behind it. Knowing how to make sense of that narrative across an organization requires data literacy. Increasing the data literacy of smaller teams can be complicated, but equiping an entire organization is an even bigger task. So many teams bring in so many different skill sets […]