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Data Analytics

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As we start a new decade, the top trends for business analytics platforms are cloud, artificial intelligence, automation, on-device (edge) analytics, and augmentation. Cloud ecosystems empowered with AI have matured greatly in recent years. Smart, augmented prediction and decision-making tools are at a stage where they are ready to be deployed across organizations, from the boardroom to the shop floor. The challenge is making sure your business is ready to use them. Though cloud will…

A global KPMG survey showed that organizations cannot yet reap all the benefits of data analytics due to data quality issues and a lack of capable resources. In 30 years’ time, developments in data analytics itself could solve this issue, making many current professions in the sector obsolete. The impossible will become possible, and this may well lead to an autonomous decision-making process. Data analytics is expected to radically change the way we live and do…

We used to have plain old cars, models and data analytics. Today we’ve moved beyond those basic functional things and entered the age of super-extremes and turbo-charges. This means that the best cars (Lamborghini, Ferrari etc.) are now supercars, the best models (Cindy Crawford, Tyson Beckford etc.) are now supermodels and the best data analytics (there are many contenders out there) are superanalytics functions. But highly-advanced data analytics systems (perhaps unsurprisingly) aren’t quite racy enough…

The ability to present data and facts in support of an argument within the context of a story is a skill worth developing. It will help you sway audiences with more compelling presentations. Previously, I outlined a process framework for analytical storytelling and how a communications employee named Allison was using it to justify a budget. Allison was asked to prove the hypothesis that employees who take advantage of company-sponsored training programs are more likely to stay…

Analytics is probably the most important tool a company has today to gain customer insights. This is why the Big Data space is set to reach over $273 Billion by 2023 and companies like Microsoft, Amazon and Google among so many others are so heavily invested in not only collecting data, but enabling data for the enterprise. As AI and machine learning continue to develop, the way we use analytics also continues to grow and change. While in the…

Statistics and analytics are two branches of data science that share many of their early heroes, so the occasional beer is still dedicated to lively debate about where to draw the boundary between them. Practically, however, modern training programs bearing those names emphasize completely different pursuits. While analysts specialize in exploring what’s in your data, statisticians focus more on inferring what’s beyond it. Human search engines When you have all the facts relevant to your endeavor, common sense is the only qualification you need for asking…

The world as we know it will continue to be increasingly driven by data. From a corporate perspective, data analytics is the tool that helps business owners in this day and age both understand how their business is faring and pinpoint areas that need attention. In its function to deliver critical insights as to whether a business is moving in the right direction, data analytics is fundamentally the key to effective decision making. Skilled data…

Big Data systems are often composed of information extraction, preprocessing, processing, ingestion and integration, data analysis, interface and visualization components. Different big data systems will have different requirements and as such apply different architecture design configurations. Hence a proper architecture for the big data system is important to achieve the provided requirements. Yet, although many different concerns in big data systems are addressed the notion of architecture seems to be more implicit. In this paper…

While expanding your business is a great option to increase revenue, it is no less than a herculean task. You need to have uncanny foresight, utmost dedication and hard work to accomplish the same. In case you have set your business from scratch, the stakes are sure to be higher. You can find success with the combination of hard work and great business sense. In the business environment of today, procuring the right profits and…

A wide array of businesses, at present, is opting for data analytics for enhancing the bottom line of their business. However, data analytics is a complicated process and you need to take care of certain things for smooth completion of the project. Here are few do’s and dont’s, you need to take care for completing your project successfully: Do’: Determining the data strategy Before starting the data analysis, you need to find the right application…