Predictive analytics and machine learning are extremely powerful tools used to predict future outcomes from large amounts of data. They help businesses gain insights, improve efficiency, and make informed decisions. With the big data space estimated to reach a value of $105 billion by 2027 (up from $37 billion in 2018), and 97% of organizations investing in big […]
Building a Data Analytics Strategy to Understand Your Supply Chain
We’ve all heard and seen the realities of the increase in shipping rates. In 2021, the domestic shipping rates for moving goods by road and rail in the U.S. was up 23% from 2020. The real problem, though, is that even if you can afford that increase, the product and capacity might not be available. […]
Real-Time Analytics: Examples and Benefits
Technology behemoths like Netflix, Uber, and Meta set the standard for how application users experience data. Users expect data to be integrated into the application, making it easier to find relevant content, track deliveries, provide a spam-free internet experience, and make quick, informed operational decisions. Up until this point, the speed and scale of real-time analytics […]
Database Management Best Practices
Database management best practices promote the efficient use of data throughout the organization. These practices support the collection and storage of quality data, as well as provide easy access to the data by the appropriate people. With today’s data growing in volume and becoming increasingly complex, the intelligent management of data has become a necessity. […]
Data Analytics and BI Trends in 2023
As we enter 2023, it is a good time to explore the biggest data analytics and BI trends for this new year. This article will look at the top 12 trends in data analytics and BI, which collectively guide the education, health care, economic, and environment sectors. In a data-first business ecosystem, data and analytics are jointly […]
Delay Is Deadly: Achieving Real-Time Analytics in the Age of Hyper-Competition
Today’s business landscape is more unpredictable than ever for IT leadership. Between the adoption of more sophisticated technologies and an ever-growing list of digital transformation initiatives, IT operations have become frustratingly complex. This is especially true when it comes to managing data flows and ensuring the precision of analytics insights. At a time when analytics […]
What to Look for When Hiring a Data Analyst
Data analysts are specialists in statistics, mathematics, and computer science, enabling them to serve in a variety of departments, including operations analysis, financial analysis, and marketing analysis. A data analyst interprets data to influence business strategy, permitting firms to make data-driven pricing, scheduling, and other operational choices. Why Hire a Data Analyst? As declining margins, increased commoditization, […]
Five Data and Analytics Trends: What Lies Ahead in 2023
It’s rare, if not impossible, to find a business that does not have a digital presence. The convenience factor of digital is accelerating the pace at which businesses are applying an online presence, including the ones that were mainly brick-and-mortar before COVID. More than just offering products and services in this way, most organizations are […]
Getting Executive Buy-In for Data Analytics
In a world driven by data, business analytics and data analytics can work together to maximize efficiencies, uncover actionable insights, and help businesses drive value. Data analytics is an iterative study of data in an organization, focusing on applying statistical and other techniques to uncover insights that may help to promote innovation and the financial […]
Create a Thorough Plan and Training Strategy for Citizen Data Scientists
As a business owner, executive, or manager, you are likely aware of the term “citizen data scientists.” Perhaps you have even implemented this type of initiative in your organization. While business journals and industry and technology publications discuss the advantages of the citizen data scientist approach, many businesses fail to get the most out of […]