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Analytics Blogs Analytics News, Articles, & Education Data Blogs | Information From Enterprise Leaders Data Education data granularity Data Modeling Blogs Data Modeling News, Articles, & Education data models data quality DATAVERSITY digital transformation Enterprise Information Management Information Management Blogs

May 3 2024

Granularity Is the True Data Advantage

Commerce today runs on data – guiding product development, improving operational efficiency, and personalizing the customer experience. However, many organizations fall into the trap of thinking that more data means more sales, when these two factors aren’t directly correlated. Often, executives will become overzealous in their digital transformations and cut blank checks for data collection, […]

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The Rise of Augmented Analytics: Combining AI with BI for Enhanced Data Insights

Businesses today are drowning in data. The sheer volume and complexity of information available have made it increasingly difficult for organizations to extract meaningful insights using traditional business intelligence (BI) tools and the expertise of specialized data scientists. This is where augmented analytics comes in. This game-changing technology combines the power of artificial intelligence (AI) […]

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Understanding Linear Regression Intercepts in Plain Language

I am often asked about the role of intercepts in linear regression models – especially the negative intercepts. Here is my blog post on that topic in simple words with minimal statistical terms. Regression models are used to make predictions. The coefficients in the equation define the relationship between each independent variable and the dependent variable. […]

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Author: Prashanth Southekal

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AI analytics Analytics Blogs Analytics News, Articles, & Education Data Blogs | Information From Enterprise Leaders Data Education DATAVERSITY Enterprise Information Management Information Management Blogs predictive analytics predictive maintenance

Apr 25 2024

Preparing for La Niña: Adopting Predictive Maintenance Before Hurricane Season

With a La Niña watch issued for the summer, businesses operating in hurricane-prone regions face heightened concerns about the impending storm season. La Niña heavily impacts the wind shear and atmospheric conditions over the Atlantic, where most hurricanes form thanks to its warm waters. It’s rare to go a year without a hurricane hitting some part of […]

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Overcoming Real-Time Data Integration Challenges to Optimize for Surgical Capacity

In the healthcare industry, surgical capacity management is one of the biggest issues organizations face. Hospitals and surgery centers must be efficient in handling their resources. The margins are too small for waste, and there are too many patients in need of care. Data, particularly real-time data, is an essential asset. But it is only […]

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Demystifying Data Analytics Models

In today’s global landscape, organizations worldwide are increasingly turning to data analytics to enhance their business performance. Research conducted by McKinsey Consulting revealed that data-driven companies not only experience above-market growth but also witness EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increases of up to 25% [1]. Additionally, Forrester’s findings indicate that organizations utilizing […]

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Author: Prashanth Southekal

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Analytics Blogs Analytics News, Articles, & Education data analysis Data Blogs | Information From Enterprise Leaders Data Education data science Data Science Blogs Data Science News, Articles, & Education DATAVERSITY quantum computing quantum computing data science

Mar 18 2024

The Role of Quantum Computing in Data Science

Quantum computing is on the cusp of turning the data science world upside down, offering a level of processing power we’ve only dreamed of until now. This new frontier has an incredible potential to reshape the way we approach data analysis, predictive modeling, and solving the kind of complex problems that have always been a tough […]

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10 Advantages of Real-Time Data Streaming in Commerce

While early science fiction shows like “Buck Rogers” (1939) and “The Fly” (1950) depicted teleportation technology, it was Star Trek’s transporter room that made real-time living matter transfer a classical sci-fi trope. While we haven’t built technology that enables real-time matter transfer yet, modern science is pursuing concepts like superposition and quantum teleportation to facilitate information transfer across any distance […]

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Author: Rachel Workman and Jared Stiff

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analytics Analytics Blogs analytics center of excellence Analytics News, Articles, & Education Data Blogs | Information From Enterprise Leaders Data Education data-driven DATAVERSITY Enterprise Information Management Information Management Blogs

Mar 8 2024

The Swashbuckling Guide to Building an Analytics Center of Excellence

Ahoy, data adventurers! Embarking on the thrilling journey of building a successful Analytics Center of Excellence (CoE) is akin to navigating the vast seas of data-driven decision-making. As a seasoned captain who’s steered the ship through the turbulent waters of financial services, retail, CPG, and telecom industries, I’ve charted a course that’s proven its mettle […]

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Mastering Microsoft SQL Server: Analyzing and Optimizing Complex Queries

In the realm of database management, particularly with Microsoft SQL Server, understanding and optimizing complex queries is crucial for maintaining system performance and efficiency. As databases grow and complexity, the queries used to retrieve, update, or manipulate data can become increasingly intricate, potentially leading to slower response times and decreased application performance. This blog post […]

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How GenAI Bridges the Data Gap Between CMOs and CFOs

Marketing budgets are never entirely safe. While it may seem like pressure is easing as global economic estimates turn slightly sunnier, consumer demand is still getting more expensive to capture and close – which means scrutiny from finance chiefs is as tough as ever. To keep investment flowing, CMOs need to get better at not only boosting […]

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Author: Harriet Durnford-Smith

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Analytics Blogs Analytics News, Articles, & Education Data Analytics Data Blogs | Information From Enterprise Leaders Data democratization Data Education Data Literacy Blogs Data Literacy News, Articles, & Education data storytelling data visualization data-driven DATAVERSITY

Feb 23 2024

5 Key Strategies for Making Data Visualization Accessible

“If I can’t picture it, I can’t understand it.” —Albert Einstein Research has found that 65% of the general population are visual learners, meaning they need to see information as images to understand it. The business world confirms this: Visualization is essential in driving success. Take, for instance, data visualization, or, the art of translating data into […]

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How to Achieve Self-Service Data Transformation for AI and Analytics

Data transformation is the critical step that bridges the gap between raw data and actionable insights. It lays the foundation for strong decision-making and innovation, and helps organizations gain a competitive edge. Traditionally, data transformation was relegated to specialized engineering teams employing complex extract, transform, and load (ETL) processes using highly complex tooling and code. […]

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Unveiling the Power of Dark Data in Strategic Decision-Making

If you’ve never heard of dark data, you’re not alone. Setting aside the ominous name, dark data isn’t something that is inherently bad – although, in practice, it usually does end up this way. Dark data is usually unstructured data, though it can also be semi-structured or structured data that a business collects and stores but […]

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AI-Driven Predictive Analytics: Turning the Table on Fraudsters

Fraud techniques, including phishing, vishing, deepfakes, and other scams are becoming increasingly sophisticated – making it easier than ever to perpetuate fraud at scale. This is placing businesses in danger of financial losses, and trust and reputational damage. Now, there’s an alarming trend among organized crime rings that have the potential to defraud enterprises of […]

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Three Key Commandments of Effective Dashboards

A dashboard is a visual snapshot of business performance using KPIs (key performance indicators) to help users make smarter, data-driven decisions. An effective dashboard simplifies the visual representation of complex data and helps stakeholders understand, analyze, and present key insights at a glance. At the core, the objective of a dashboard is to make complex […]

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Author: Prashanth Southekal

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analytics Analytics Blogs Analytics News, Articles, & Education Data Analytics Data Blogs | Information From Enterprise Leaders Data Education Data Science Blogs Data Science News, Articles, & Education data-driven DATAVERSITY outliers

Jan 12 2024

Four Perspectives on the Art of Data Analytics

As data science professionals, we are often viewed as people who draw conclusions based only on data and minimize other factors. This perception usually becomes contentious when the insights and evidence from the data are inconsistent with somebody else’s “hypothesis.” Or we are confused and maybe frustrated when “qualitative” analysis trumps quantitative analysis. The next time […]

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Data Catalog, Semantic Layer, and Data Warehouse: The Three Key Pillars of Enterprise Analytics

Analytics at the core is using data to derive insights for measuring and improving business performance [1]. To enable effective management, governance, and utilization of data and analytics, an increasing number of enterprises today are looking at deploying the data catalog, semantic layer, and data warehouse. But what exactly are these data and analytics tools […]

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Author: Prashanth Southekal and Inna Tokarev Sela

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Analytics Blogs Analytics News, Articles, & Education data activation Data Analytics Data Architecture Blogs Data Architecture News, Articles, & Education Data Blogs | Information From Enterprise Leaders Data Education data value DATAVERSITY ETL reverse ETL

Dec 8 2023

Data Activation: The Key to Taking Data Reports to the Next Level

Let’s talk about an inconvenient truth: For the typical business, data reporting has a tendency to fall short of producing the desired outcomes. Despite the significant resources that organizations often invest in producing data reports – and in the data collection, governance, and analytics processes that happen prior to reporting – the people who actually […]

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Unlocking the Full Potential of Data Collaboration Through PETs

What’s the future of data collaboration? It’s a question that should be on the lips of every C-suite executive in global organizations right now. The unrealized potential of consumer data is immense for businesses wanting to forge deeper connections with their customers and unlock new opportunities, but many are unsure how to proceed when faced […]

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Managing Missing Data in Analytics

Today, corporate boards and executives understand the importance of data and analytics for improved business performance. However, most of the data in enterprises is of poor quality, hence the majority of the data and analytics fail. To improve the quality of data, more than 80% of the work in data analytics projects is on data […]

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Author: Prashanth Southekal

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Analytics Blogs Analytics News, Articles, & Education BI Business Intelligence Data Blogs | Information From Enterprise Leaders Data Education DATAVERSITY workforce data

Oct 24 2023

How to Bring Workforce Data into the BI Equation

In the current economic environment, employee productivity, efficiency, and well-being have become even more critical to organizational success, mandating that leaders spend more time understanding and deriving insights from employees’ digital footprints and data. But too often, businesses make strategic decisions without factoring in workforce data. This can result in costly mistakes such as unnecessary […]

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Empowering Power BI with the Semantic Layer

Today’s organizations widely acknowledge the significance of leveraging data and analytics. Virtually every executive envisions establishing a data-driven organization. However, a survey conducted by New Vantage Partners reveals that only a mere 26.5% of companies have effectively achieved this transformative goal. Part of the problem lies in the ineffective collaboration between business and technology teams. In the […]

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Introducing the Data Analytics Fabric Concept

Organizations all over the world – both profit and nonprofit – are looking at leveraging data analytics for improved business performance. Findings from a McKinsey survey indicate that data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times more profitable [1]. Research by MIT found that digitally mature firms are 26% […]

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Author: Arun Marar and Prashanth Southekal

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analytics Analytics Blogs Analytics News, Articles, & Education Augmented analytics citizen data scientist Data Analytics Data Blogs | Information From Enterprise Leaders Data Education data literacy Data Literacy Blogs Data Literacy News, Articles, & Education Data Science Blogs Data Science News, Articles, & Education data scientist DATAVERSITY

Sep 15 2023

Yes, Being a Citizen Data Scientist Can Help You Succeed

If your enterprise has nominated you for the role of a citizen data scientist, you must have the right tools and augmented analytics features to help you fulfill your role. Gartner has predicted that “90% of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency.” This statement, coupled with […]

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Category Archives: Analytics Blogs