Historically speaking, a simple definition of analytics is “the study of analysis.” A more useful, more modern description would suggest “data analytics” is an important tool for gaining business insights and providing tailored responses to customers. Data analytics, sometimes abbreviated to “analytics,” has become increasingly important for organizations of all sizes. The practice of data […]
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 […]
How Augmented Analytics Will Change the Analytics and BI Workflow
Click to learn more about author Kaycee Lai. As analyst and journalist Bernard Marr put it, “Without data scientists on staff or available to interpret data and turn the intel into solid business activity, the benefits of data could remain unlocked.” Augmented analytics promises to improve the ability of organizations to derive benefits from data by: Taking more […]
How to Leave Your BI Dashboards Behind and Discover Real Insights
Click to learn more about author Ajay Khanna. There is currently a massive insights gap caused by silos between business intelligence (BI) dashboards and machine learning (ML) and AI tools that is preventing organizations from capturing new business opportunities hidden in their data. According to a study from the Boston Consulting Group and MIT Sloan Management Review, […]
What Is Cognitive Computing?
Cognitive computing, a subfield of artificial intelligence, simulates human thought processes in machines using self-learning algorithms through data mining, pattern recognition, and natural language processing. These artificial environments rely on deep learning algorithms and neural networks to process information by comparing it to a teaching set of data. By mimicking human thought processes, computers help people […]
Four Reasons SaaS Analytics Is Exploding
Click to learn more about author Josh Good. Shifting to the cloud helped countless businesses keep the lights on in 2020, as widespread disruption gave them the means and motive to fully embrace Software-as-a-Service (SaaS) across their business. Cloud services are now serving as the foundation for how enterprises adopt products and services, including analytics […]
Make Informed Decisions and Better Data Outcomes Will Follow
organizations that seek to establish and enhance their intelligence need to outline processes that will enable scalable and informed decisions that can quantify uncertainty and reduce risk.
Citizen Data Scientists: Where Do They Belong?
The phenomenal growth of data technology in recent years has led to the rise of the citizen data scientists (CDS). Developments in augmented analytics and artificial intelligence (AI) automation have now made it possible for ordinary business employees to conduct advanced analytics or business intelligence (BI) which would have required expert knowledge even some years […]
NLP Makes Every Business User More Comfortable with Analytics
Click to learn more about author Kartik Patel. Your business users probably fight you on improving Data Literacy and on implementing digital transformation. Many business users have a fear of analytics and envision having to become a business analyst or a data scientist in order to fulfill the vision of the business and its citizen data […]
The Future of Augmented Analytics: Adding the “Why” into Your Business Reports
Click to learn more about author Neerav Parekh. Data is the new oil, and unlike oil, we are never going to run out of data. With more and more data being produced each minute, businesses have massive, complex datasets that are difficult to deal with. Digging deeper into the data to uncover valuable insights is […]