Artificial intelligence (AI), machine learning (ML), and data science are together transforming modern organizations in new ways. These highly advanced technologies—along with a long queue of related technologies—have reshaped global organizations of all shapes and sizes in recent times. The cumulative success of these technologies in businesses is so huge that now the remaining organizations […]
Case Study: A Digital Transformation Success Story
In the years since COVID-19 hit and swiftly shut down most in person experiences, the wellness industry had to quickly adapt to a new way of life. While this has given businesses the opportunity to reach new customers beyond their traditional four walls – owners and managers needed to learn and embrace new technologies to […]
Digital Transformation Best Practices
The term “digital transformation” (DT) encompasses the holistic framework and the associated strategy designed for integrating technology, business processes, and employee effort to get the maximum value for business customers. In a digitized business model, the “customer journey” is the central focus. While creating the DT framework, the business operators develop business models that are […]
Analytics Best Practices for Transforming Data into a Business Asset
Data has three main functions that provide value to the business: To help in business operations, to help the company stay in compliance and mitigate risk, and to make informed decisions using analytics best practices. “Data can have an impact on your top line as well as your bottom line,” said Dr. Prashanth Southekal, CEO […]
Overcoming Data Governance Challenges with Best Practices
Jason Dye, Director of Enterprise Data Governance at Ally, says that sometimes Data Governance feels like a thankless job. “I’m struggling up this sandy godforsaken hill and then some guy’s standing on the sidelines going, ‘I don’t know what’s so hard about Data Governance. It’s easy.’” But that may be because Dye makes it look […]
Privacy Laws and Regulations: Where Does Encryption Apply?
Click to learn more about author Muhammad Hamza Shahid. The importance of data is increasing on scales never seen before, becoming one of the most precious assets for organizations worldwide. Various privacy laws and regulations have compelled companies to store and keep their consumers’ data secure as much as possible. The latest research by IDC […]
How to Protect a Database: All About Data Security Today
Click to learn more about author Thomas Lanigan. The protection of databases is essential to various industries and sectors, such as finance, banking, eCommerce, and IT. Most of your transactions are based on your database’s security because it holds vital details, such as passwords, usernames, customer credit card details, etc. Data security as a term […]
AI Strategy: Using the 715 Framework to Build High Value Big Data
Click to learn more about author Asha Saxena. As I predicted that the virtual chief AI officer will be a trend in my last article. AI has become critical as we enter Industry 4.0. More than ever businesses need to pivot with the most massive shift towards the digital economy that has accelerated by the force […]
Best Practices for Handling Customer Data
Click here to learn more about Ben Kelley. Back in 2006, UK mathematician Clive Humby was the first to coin the phrase, “Data is the new oil.” While the analogy has been controversial to some, the statement foretold how business has evolved in the last decade. Today, companies in all sectors rely on customer data […]
How Much Data Quality is Good Enough?
Ask the question “How much Data Quality is good enough?” and see some very puzzled and alarmed looks. Data Quality, comprising all activities making data fit for consumption, plays a fundamental role in trust, security, privacy, and competitiveness. Good Data Quality is critical because it fuels a surviving and thriving business. While it would be […]