With the staggering amount of data in use today, it’s no wonder that business leaders are increasingly harnessing its power to develop meaningful insights and make informed decisions. According to a survey by Deloitte, organizations that make use of data for decision-making are twice as likely to exceed their business goals and outperform their competitors. One method to […]
Data Literacy Essentials: What You Need to Know
An international survey by technology company Accenture in 2020 found that 75% of C-suite executives believe that all or most of their employees are proficient at working with data. However, only 50% of middle managers felt the same way. And what about the employees themselves? Only 25% felt that they were fully prepared to use data effectively, […]
Five Tips for Telling a Compelling Data Story
Running a business is impossible without data. Data clarifies the facts, revealing insights that help everyone from top executives to front-line employees make better decisions. Nonetheless, it is as much an art as a science to make sense of data and use it to maximum effect. Information overload is one reason. The amount of data […]
Why Data Storytelling Matters to Data Scientists
In an increasingly data-driven world, companies worldwide have transformed the way they operate. Much of this is thanks to their ability to access a volume of data that was not available in the past. However, more recently, organizations have realized that simply collecting data is not enough, with many struggling to master the language of data. […]
The Data Storytelling Toolbox: Data Management, Digital Transformation, and Master Data
Scott Taylor believes in data storytelling. More to the point, he believes that telling a “data story” leads to Data Governance success. Taylor is a consultant and “Data Whisperer” at MetaMeta Consulting, and author of the book, Telling Your Data Story. In his presentation “Data Storytelling for Data Management” at DATAVERSITY®’s Enterprise Data World Conference, […]
Still Not Convinced About Data Storytelling? Read This
Data on how organizations operate can inform how they make decisions across the board, no matter their size. Gartner’s Data & Analytics Trends Report for 2021 included the use of “data and analytics as a core business function,” while IDC suggests that almost two-thirds (64%) of businesses believe data collection and analysis has “fundamentally changed the way […]
Data and Analytics: The Pandemic Lessons
Since the onset of the pandemic, when the world plunged into a state of suspended animation, “touchless business” has become more than a boardroom buzzword, a survival mechanism. Customer interactions have been digitized at a pace accelerated by three years, while enterprises’ speed of response to changes, such as increasing the use of technology in […]
The Reskilling Revolution: Enterprise and Education Must Work Hand in Hand
We are on the brink of a “reskilling revolution,” according to the World Economic Forum (WEF). The new jobs emerging in the global economy will require a different set of skills, more in tune with the digital era. As a result, the demand for workers with specialist data education and skills, like data scientists and data […]
How Effective Data Storytelling Can Improve the Bottom Line
Click to learn more about author Peter Jackson. In an increasingly data-driven world, where companies have recognized the value of building data cultures and developing solid data strategies, too many organizations still have trouble mastering the language of data. Data has real business value. It holds answers to the questions that can give leaders visibility […]
Image Captioning: Generating Stories from Unstructured Data Using Applied NLG
Click here to learn more about Dr. Chintan Shah. Stories have been a proven medium for influencing, explaining, and teaching for ages. Stories provoke thought and bring out insights that are hard to decipher and understand otherwise. The art of storytelling is often overlooked in data-driven operations, and businesses fail to understand that the best […]