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Fundamentals of Real-Time Analytics

In the evolving world of business, the emergence of new technologies is aiding organizations to make agile and accurate decisions. Real-time analytics – which involves collecting and analyzing data as it happens – is one such technology that is changing the business landscape. With superfast identification of trends and patterns, businesses can leverage real-time analytics […]

A Brief History of Natural Language Processing

Natural language processing (NLP) helps computers understand and use human languages. In the early 1900s, a Swiss linguistics professor named Ferdinand de Saussure died, and in the process, almost deprived the world of the concept of “Language as a Science,” which eventually led to natural language processing. From 1906 to 1911, Professor Saussure offered three […]

Are Data Scientists Needed in the Self-Service Analytics World?

As the world becomes increasingly data-driven, businesses are turning to self-service analytics to enable business users to perform their own data analysis tasks. In self-service analytics, business users can access and analyze data without assistance or support from IT personnel or data scientists. Direct access to ML-powered analytics platforms allows them to make better business […]

Fundamentals of Prescriptive Analytics

Prescriptive analytics uses historical data to find the best course of action for the future. In a way, prescriptive analytics combines elements from both descriptive and predictive analytics to arrive at actual solutions. The increased preoccupation with everything “data” is now a mainstream trend. The analytics market is expected to reach $190 billion in 2023, growing […]

A Brief History of the Data Warehouse

A data warehouse stores data from in-house systems and various outside sources. Data warehouses are designed to support the decision-making process through data collection, consolidation, analytics, and research. They can be used in analyzing a specific subject area, such as “sales,” and are an important part of modern business intelligence. The architecture for data warehouses was […]

A Brief History of Business Intelligence

In 1865, Richard Millar Devens presented the phrase “Business Intelligence” (BI) in the “Cyclopædia of Commercial and Business Anecdotes.” He used it to describe how Sir Henry Furnese, a banker, profited from information by gathering and acting on it before his competition. More recently, in 1958, an article was written by an IBM computer scientist […]