Information is power, and the ability to put information into the hands of those who can quickly act on it separates the leaders from the laggards in any market. Everyone in an organization – from HR professionals leveraging data to dictate hiring decisions to brand managers leveraging data for pricing optimization – benefits from analytics. […]
10 Highest-Paying Data Analytics Jobs in 2023
As one of the fastest-growing fields, technology continues to drive transformative changes across various industries, with new advancements emerging each year. Consequently, the demand for data analytics jobs is expected to surge in the near future, with a significant need for data science practitioners worldwide. The U.S. Bureau of Labor Statistics (2021) projects a 22% growth […]
10 Ways to Enhance Your Data Analysis Skills
In our increasingly data-driven world, the ability to analyze data has become a valuable skill. Data analysis skills empower us to make informed decisions, uncover hidden patterns, and extract meaningful insights. With the demand for professionals skilled in data analysis on the rise, acquiring these abilities is more important than ever. In this article, we will […]
Predictive Analytics Use Cases for Citizen Data Scientists
Gartner technology analysts predict that organizations leveraging augmented analytics solutions will grow at twice the rate of those that do not use these solutions. Those organizations that provide self-serve augmented analytics to their business users can achieve market goals and stay abreast of the competition with fact-based decision-making and a team that leverages analytics daily to make those […]
Demystifying Actionable Insights in Data and Analytics
Every company today is a data company. Organizations worldwide are striving to derive business insights from the enormous amounts of data that are captured and stored to measure and improve business performance. McKinsey found that insight-driven companies report EBITDA (earnings before interest, taxes, depreciation, and amortization) increases of up to 25%. According to Forrester, organizations that use data […]
Architecting Real-Time Analytics for Speed and Scale
In today’s fast-paced world, the concept of patience as a virtue seems to be fading away, as people no longer want to wait for anything. If Netflix takes too long to load or the nearest Lyft is too far, users are quick to switch to alternative options. The demand for instant results is not limited […]
How Analysts Leverage Creativity to Gain Powerful Insights from Alternative Data
Creativity is critical to producing superior results in any field, whether it’s the arts, sciences, or technology. The same can be said for alternative data analysis. The most successful data scientists apply creativity by thinking out of the box when analyzing information to solve challenging problems or understand human behavior. From investment decisions to public policy and […]
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 […]
The Value of Data Analytics in the Health Care Industry
While the health care industry has lagged a bit behind other industries in adopting artificial intelligence (AI) and machine learning (ML) – and rightfully so, considering very valid security and safety concerns – its leaders have undergone a mindset shift, recognizing the value of technological innovations and data analytics. Since its implementation, data analytics has completely transformed health care, influencing […]
Automated Remediation Can Make Dashboards a Thing of the Past
A convergence of events – including the global pandemic, a shift to remote work, and increased use of the cloud – has accelerated companies’ digital transformations over the past few years and resulted in an ever-growing labyrinth of hybrid networks and endpoints. Digital transformations may have allowed companies to keep up – to a point […]