There’s no better time than right now to be a data scientist. Despite recent large-scale layoffs in major tech firms, the future is bright for data managers, analysts, data wranglers, and consultants. In fact, the number of jobs requiring Data Science skills is expected to grow by 27.9% by 2026, according to the U.S. Bureau of Labor […]
Augmented Analytics Tools Can Enable Data Democratization
What is business intelligence democratization? Put simply, BI democratization is the open access to business intelligence and augmented analytics tools to enable analysis and understanding of the data within the enterprise systems. The “democratization” component relates to the “who.” Who gets access to the data? The simple answer is: everyone. In an environment where intelligence and […]
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 […]
Developing a Successful Data Science Project
While Data Science practitioners, aspirants, and enthusiasts often get caught up in the business benefits of Data Science, it is equally important to keep a close watch on the common pitfalls that need to be avoided to launch a successful Data Science project. By identifying and exploring why some initiatives fail, data scientists can learn […]
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, […]
What Makes a Great Data Scientist in 2023?
A great data scientist combines expert knowledge of various interrelated academic disciplines to help global enterprises make agile decisions for improved business performance. Data scientists use statistics, mathematics, data mining, and computer science to analyze data sets for observable trends and patterns. They are also experts in data collection and storage methods. The Bureau of Labor Statistics had predicted […]
Data Literacy and Analytics: Where Do They Intersect?
Data is the new oil. But what good is that data if we don’t know how to leverage it? According to the Human Impact of Data Literacy report, only 32% of surveyed executives felt like they were able to create measurable value from data. Organizations are struggling to make the most of the data and analytics they […]
3 Common Business Intelligence Challenges
Typical business intelligence implementations allow business users to easily consume data specific to their goals and daily tasks. The ability to analyze both past and present events unlocks information about the current state and is essential for remaining competitive in today’s data-forward market. With that in mind, there are some common business intelligence challenges that […]
The Role of Decision Science in Shaping Business Analytics
The field of decision science focuses on making data-informed decisions. Decision science helps to analyze the impact of a decision on the business. The best decisions are often made with a combination of data and precise business questions. The more precise the questions, the more precise the data requirements will be. Harvard’s Center for Health […]
Data Storytelling: Be a Data-Driven Organization
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 […]