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These days, it is not a question of whether companies are collecting and analyzing data on their execution of operations, but rather how effectively they are doing so. Companies spanning industries are all prioritizing their data analysis capabilities. They seek the real-time insights enabled from complete data visibility, which can optimize their processes. Before organizations can begin gleaning insights from their data, it is essential to assess their data maturity level. Organizations that successfully gauge…

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…

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…

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…

The data warehouse has proven to be a useful and resilient approach to report and understand an organization’s operations with a history that runs decades. Before data warehousing, reporting and provisioning data from disparate systems was an expensive, time-consuming and often futile attempt to satisfy an organization’s need for actionable information. Data warehousing promised clean, integrated data from a single repository. The ability to connect a wide variety of reporting tools to a single model…

With Internet of Things (IoT) networks continuing to add more devices, we explore how to go about developing an effective scaling strategy for IoT. Scaling IoT networks effectively can be easier said than done. While having more devices leads to more connectivity, there is the danger of encountering issues with latency, as well as security. In addition, there is the service that’s being delivered to customers to consider. “From experience, as true scaling starts –…

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…