Synthetic data has emerged as a technological solution for organizations struggling with data access and privacy compliance. As a privacy-enhancing technology, it has grown in popularity over the past years, with new predictions forecasting that by 2024, 60% of data used for AI and data analytics will be synthetic. But what is the reality of synthetic […]
Inter-Blockchain Communication: The Key to Blockchain Mass Adoption
Blockchain is expected to enable the world’s largest enterprises, organizations, and nations, as well as the average person to seamlessly trade and transact anytime, anywhere. But a barrier to the mass adoption of this revolutionary technology has always been that blockchains are decentralized and standalone. Each chain is independent and has a different set of codes and […]
How Digital Twins Can Optimize Supply Chain Planning and Efficiency
From the ongoing backlog at Southern California’s ports to the national shortages totaling more than 80,000 truck drivers, the COVID-19 pandemic has created myriad supply-chain challenges. With all of the changes and increased variables influencing the supply chain today, companies need a stronger understanding of various scenarios, and how those scenarios can impact a shipment at any […]
Cloud Data Security: The Cost of Doing Nothing
The world has changed dramatically over the past couple of years – especially in the areas of business and technology. The COVID pandemic accelerated digital transformation and forced a shift to a remote or hybrid business model, leading to a significant spike in the adoption of public cloud services. Gartner estimates that public cloud services spending will increase […]
Building Analytics for External Users Is a Whole Different Animal
Analytics aren’t just for internal stakeholders anymore. If you’re building an analytics application for customers, then you’re probably wondering: What’s the right database backend? Your natural instinct might be to use what you know, like PostgreSQL or MySQL or even extend a data warehouse beyond its core BI dashboards and reports. But analytics for external […]
What You Don’t Know About Real-Time Data Is Killing You
One of the biggest pitfalls companies can run into when establishing or expanding a data science and analytics program is the tendency to purchase the coolest, fastest tools for managing data analytics processes and workflows, without fully considering how the organization will use these tools. The problem is that companies can spend much more money […]
Exploring Data Visualization in Three Steps
Data analytics has accompanied me for 15 years already. I started my career as a data analyst in a controlling department immediately following my graduation from the University of West Bohemia; I now work as a data scientist providing consultancy services for a range of different fields. The data analysis itself is the fun part. […]
The Metaverse Needs to Prioritize AI
As companies begin to enter the metaverse and shape their activity in the future of the internet, we must look at the fundamental ways by which we’ll connect and interact with each other in this new space. In order to create the connected world that the metaverse is working towards, language and AI-powered translation systems must […]
Self-Serve Advanced Analytics Requires Culture Change
Small and medium-sized businesses (SMBs) are often challenged to satisfy all the roles and responsibilities in the organization, and most team members wear more than one hat. That feeling of being overstretched is typical of growing businesses and, in an increasingly competitive market with businesses fighting for skilled resources, it is difficult to meet budget […]
Why Automated Data Extraction Matters in the Digital Age
In today’s fast-paced business world, one of the best ways for a modern enterprise to optimize processes is to rethink how to manage data. Business documents contain vital information for companies, irrespective of their size and industry. As most of these business documents contain unstructured data, automated data extraction has become a go-to option for […]