Businesses succeed or fail based on their ability to make sound decisions. Every aspect of an organization’s operation, from the simplest to the most complex, is the result of a series of decisions, each building on the next, from the chairs in the employee lunch room to the million-dollar marketing campaign that will make or […]
Fundamentals of Descriptive Analytics
In descriptive analytics, data aggregation, and data mining techniques are used to collect and review the historical data of a business to gauge the past performance. The most common example of descriptive analytics is the reports that a user gets from Google Analytics tools. A web server’s summarized performance reports may help the user analyze […]
Demystifying Metadata Management for Tech and Business
Metadata is of critical interest in today’s data-driven business environment, and there is a growing awareness of the need for both business and technical users to embrace it, says Donna Burbank, Managing Director of Global Data Strategy and author of “Data Modeling for the Business” and “Data Modeling Made Simple.” Speaking at a previous Data Architecture Online conference, Burbank talked about practical […]
What Is Data Literacy and Why Does It Matter?
An international survey by technology company Accenture in 2020 found that 75% of C-suite executives believe that all or most of their employees are proficient at working with data. However, only 50% of middle managers felt the same way. And what about the employees themselves? Only 25% felt that they were fully prepared to use data effectively, […]
Navigating Data Readiness for Generative AI
Just about everyone in tech agrees that generative AI is poised to hit the business world like a tidal wave. There’s less agreement about when the transformation will occur, and how generative AI will be harnessed to boost profitability. A survey of chief data officers conducted in the second half of 2023 by Amazon Web Services (AWS) found that […]
Building AI Literacy in Your Organization
AI applications are used across industry sectors – in business data analysis, healthcare, finance, and even in personalized learning experiences. However, the concept of “AI literacy” goes beyond a mere understanding of AI technologies. It’s about critical thinking and interpreting the world around us through AI technologies. It’s about understanding how AI systems work and being capable of evaluating […]
How to Become a Data Product Manager
Becoming a data product manager means taking responsibility for the development and management of data products. Broadly speaking, a data product is any software or algorithms that use data to accomplish a goal. The data product manager is a management position, and requires several years of experience within the data industry to be done well. […]
Types of Data Visualization and Their Uses
In today’s data-first business environment, the ability to convey complex information in an understandable and visually appealing manner is paramount. Different types of data visualization help transform analyzed data into comprehensible visuals for all types of audiences, from novices to experts. In fact, research has shown that the human brain can process images in as little as […]
Why Is a Data-Driven Culture Important?
Many modern organizations are recognizing how important it is to develop a data-driven culture. A data-driven culture typically describes a workplace environment and involves making information readily available to staff. The general idea in promoting a data-driven workplace culture is to increase profits by developing a business that functions in a streamlined, efficient, and friendly […]
Data Stewardship Best Practices
As we continue to do business in a digitally connected world, more data-driven organizations are prioritizing data stewardship and following best practices to improve data quality and management. Data stewards maintain and protect data assets that need special care, not just for cybersecurity but for better business insights and more informed decision-making. In his presentation at a […]