The business of Data Management embraced new complexities when diverse types of data started flowing in—in huge volumes through multiple data channels and in real time. Analysis of very high-speed, high volume, multi-type business data necessitated the growth and development of advanced Data Management technologies and tools, and cloud computing technologies were born out of […]
Next Generation Business Intelligence: Customer-Driven Success
In the customer-driven era, business success depends on how quickly a business can respond to a customer demand. The more that businesses become reliant on real-time outcomes, the more they will seek next-generation (next-gen) BI deployments. Traditional Business Intelligence (BI) platforms were high-cost and time-intensive applications. The current trend in BI is to move toward […]
Knowledge Graphs, Ontologies, and AI
This past fall, all aspects of the computable knowledge structure KBpedia – its upper ontology (KKO), full knowledge graph, mappings to major leading knowledge bases, and 70 logical concept groupings called typologies – became open source. Making big strides in increasing definitions and mappings has been a main focus of KBpedia v. 1.60. As it always […]
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, […]
Machine Learning vs. Deep Learning
The debate on machine learning vs. deep learning has gained considerable steam in the past few years. The fundamental strength of both these technologies lies in their ability to learn from available data. Though both of these offshoot AI technologies triumph in “learning algorithms,” the manner in which machine learning (ML) algorithms learn is very […]
Case Study: Predictive Analytics and Data Science Keep an Eye on the Weather
Weather companies want to do their best so that consumers and businesses can have reliable forecasts – not just for the day but in advance of it. Accuracy matters to weather services such as the Weather Channel and AccuWeather and predictive analytics, along with Data Science, is allowing them to get more precise weather reports […]
Blockchain Uses Multiply with New Database Innovations
Blockchain is still considered new technology, best known for supporting cryptocurrencies such as Bitcoin and Ether. But blockchain can provide security for a variety of purposes, ranging from privacy controls on medical records to preventing vote tampering. Ultimately, blockchain is a secure, encrypted database of agreements. Blockchain serves as a bookkeeping/contract platform which is incorruptible […]
The Future of Analytics: What is All the Hype About?
Expert’s ears immediately perk up upon attending a talk about how to get big insights from analytics. After all, analytics has become the new hot topic of the day. However, asked Nipa Basu, during her keynote presentation The Future of Analytics at the DATAVERSITY Enterprise Analytics Online Conference: “What is the difference between hype and […]
Data Science Use Cases
A business use-case is generally defined as a sequence of business actions that lead to a predetermined, value-added outcome. Data Flair shares the Top 6 Data Science Use Cases slated to bring in another industrial revolution. From banking to transportation in the physical business world, and from social media to e-commerce on the digital business space […]
Machine Learning Transformed: Data Quality and Operational Necessities
Machine learning elicits mixed reactions. On the one hand, some consider machine learning a company’s new super power that has “swept enterprise technology, using mass amounts of data and algorithms to make predictions.” At the same time machine learning has been considered an overhyped fad and a panacea, failing to deliver. While both can be […]