“The democratization of data science” or the “democratization of AI” have long been popular buzz phrases. “Citizen data scientists” poke through open-source datasets finding valuable insights and sharing them with the world out of an individual sense of curiosity. And although this absolutely does happen, the reality is most of the time these democratized advances have not […]
Five Must-Have Characteristics of Extraordinary Data Scientists
There’s no better time than right now to be a data scientist. Despite recent large-scale layoffs in major tech firms, the future is bright for data managers, analysts, data wranglers, and consultants. In fact, the number of jobs requiring Data Science skills is expected to grow by 27.9% by 2026, according to the U.S. Bureau of Labor […]
How Can Natural Language Processing (NLP) Help My Business?
Research reveals that the global natural language processing (NLP) market size is projected to grow by $33 billion within the next five years, an annual growth rate of 25%. The use of natural language processing for search capability is ubiquitous – from the Google-type “ask a question and get an answer” environment consumers love to the augmented […]
How Descriptive Analytics Leverages Data for Better Decisions
Organizations are recognizing that data can be a powerful business asset, and are investing in data analytics to provide this valuable tool. According to research, more than 95% of all organizations today incorporate data initiatives into their business strategies. However, most businesses falter when it comes to effective and efficient uses of data. Descriptive analytics, the most […]
2023 Predictions: Breakthroughs Incoming for AI and Data Science
Surprising though it may sound, most AI business applications remain rudimentary. Some industry spectators believe the market is flush with cutting-edge AI breakthroughs. But in truth, many providers mislabel rules-based tools – including robotic process automation (RPA) – as AI and ML. Seasoned DevOps teams and software engineers know that RPA – although useful in […]
What to Expect from AI, Data Science, and Wearables in Health Care in 2023
AI and data science have remained areas of focus in the last year and will continue to be top of mind for many tech companies in the coming year. Wearables, especially those with health monitoring capabilities, have also grown abundant as medical and consumer companies alike ramp up their offerings in response to increased demand. […]
2023 Predictions for AI, Machine Learning, and NLP
It’s been an exciting year in AI, machine learning, and NLP, with text-to-image generators and large language models delivering some very impressive results and a lot of promise for the future – while noting all of the important caveats about their shortcomings including mitigating societal biases, the possibility of them being used to generate “fake […]
Business Use Cases Create Momentum for Citizen Data Scientists
As businesses plan for data democratization, it is essential to include a strategy to ensure that business users will accept augmented analytics solutions and adapt to the new citizen data scientist role. With business users on board, the enterprise can capitalize on its strategy and optimize return on investment (ROI) and total cost of ownership (TCO) […]
What to Look for When Hiring a Data Analyst
Data analysts are specialists in statistics, mathematics, and computer science, enabling them to serve in a variety of departments, including operations analysis, financial analysis, and marketing analysis. A data analyst interprets data to influence business strategy, permitting firms to make data-driven pricing, scheduling, and other operational choices. Why Hire a Data Analyst? As declining margins, increased commoditization, […]
Why Leveraging Unstructured Data and AI Will Be Key to Customer Success in 2023
Analysts like IDC and Deloitte estimate that up to 80% of the world’s data is unstructured text data, which makes getting valuable insights out of this type of data a huge challenge. Worse, customers can’t easily find the right answers to address their product and service-related questions that are hidden in large amounts of support documents. As a result, employees […]