Self-service analytics offers dynamic reports to business users, who can analyze the data by sophisticated, in-built functions. This kind of user empowerment reduces reliance on IT staff. Moreover, self-service business intelligence (BI) capability may additionally equip users with external data access and built-in features to instantly generate finished reports. To use a complete range of […]
Blockchain Trends in 2020
2020 is likely the year when blockchain technologies will witness higher adoption rates and usage across industry niches. As announced in 2019, China may lead the way to substantial investment in blockchain research and applications. The largest cryptocurrency exchanges are in China, and this year may see some dramatic deployment shifts from the multi-cloud blockchains […]
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 […]
Data Architecture Trends in 2020
Data Architecture is tightly entwined with Data Strategy. It is the infrastructure to realize Data Strategy goals; the blueprint for managing data. It’s a big tent: ETL, Big Data, cloud, data virtualization, DataOps, governance, analytics, and anything else related to describing, organizing, integrating, sharing, and governing data. A look at many topics and discussions going […]
Data Versioning Matters to Data Science
Amazon Web Services (AWS) recently published a case study about how the Allen Institute for Cell Science — which was founded by Microsoft’s Paul Allen to research how the human brain works in health and disease — is taking new steps to make its data and metadata easy to access, search, and redistribute for internal […]
Business Intelligence and Analytics Trends in 2020
The general pattern of technology upgrades in Enterprise Analytics & Business Intelligence that occurred in 2019 signaled the emergence of some specific types of analytics: smart, real-time, augmented, and conversational. These trends will continue growing well into 2020 and beyond. Also included in that list are: Smart devices and multi-channel data will require smart analytics […]
Understanding the Uses of Artificial Intelligence
Artificial intelligence (AI) has provided a critical competitive advantage for those organizations able and willing to use it. AI has gained significant momentum in the last few years, acting as personal assistants for some, while processing business transactions and providing technical services to others. AI systems have the ability to manage large amounts of data […]
Data Literacy Leads to Success
The Data Literacy Project says that workforce data literacy has proven to have a positive correlation with corporate performance. Improved corporate data literacy positively impacts gross margin, return-on-assets, return-on-equity, and return-on-sales, resulting in $320 to $534 million in higher enterprise value over organizations with lower data literacy, according to the Data Literacy Index. The study […]
Industry 4.0: Make Data-Driven Decisions Immediately
What if a cyber-physical world — fueled by data — shortened production and manufacturing decisions to the time it takes to adjust a thermostat’s temperature? This just begins to describe Industry 4.0. According to a recent McKinsey article, Industry 4.0 “expects to deliver between $1.2 and $3.7 trillion in value.” Meanwhile, according to Riasat Noor, […]
Data Science Trends in 2020
The exponential growth of data, partly generated by sensor-driven devices, is making Data Science and machine learning (ML) market differentiators in global business-analytics solutions. With the rising demand in Data Science and ML skills, 2020 may well be a witness to several new trends in the field. According to IDC: “[I]f our digital universe or […]