Click to learn more about author Kartik Patel. This article discusses the analytical technique known as sampling and provides a brief explanation of two types of sampling analysis and how each of these methods is applied. What Is Sampling Analysis? Sampling is the technique of selecting a representative part of a population for the purpose of […]
What Is Assisted Predictive Modeling?
Click to learn more about author Kartik Patel. Assisted predictive modeling incorporates complex, sophisticated analytical and forecasting techniques in a self-serve environment where business users can employ tools to guide them through recommended techniques and report formats and ensure that the methods and reports they choose are appropriate to the type of data and information they […]
Do Citizen Data Scientists Need Special Analytics Tools?
Click to learn more about author Kartik Patel. When Gartner talks about expanding data analytics to business users, they also talk about how the analytical tools must be suitable for business users. If a business wants to implement a citizen data scientist initiative and encourage their business users to become more productive and valuable within the […]
Data Opportunity Is Knocking! Should You Answer?
Click to learn more about author Kartik Patel. As business people, we are often presented with what might seem like a great opportunity. Maybe we have a chance to open another location or to buy out a competitor or to add a product or service to our existing portfolio, or to acquire more customers, resources, material, […]
Data Preparation Need Not Be Cumbersome or Time Consuming
Click to learn more about author Kartik Patel. Data drives decisions and, in today’s competitive business environment, the kind of fact-based decisions achieved through advanced analytics are mandatory. These data-driven decisions ensure that a business does not make a misstep or have to guess at forecasts, plans, and the root cause of problems. But, with […]
The Independent Samples T-Test Method and How it Benefits Organizations
Click to learn more about author Kartik Patel. The independent sample t-test is a statistical method of hypothesis testing that determines whether there is a statistically significant difference between the means of two independent samples. For example, one might use this method of analysis to determine whether the average value of a sedan type of car […]
What Is Augmented Data Preparation and Why Is It Important?
Click to learn more about author Kartik Patel. The average business user does not have a full grasp of advanced data discovery or data preparation methods, and most organizations would not want business users to waste precious time trying to navigate the complexities of a manual data preparation process. If a business provides a solid foundation for self-serve business intelligence […]
What is the KMeans Clustering Algorithm and How is it Used to Analyze Data?
Click to learn more about author Kartik Patel. This article provides a brief explanation of the KMeans Clustering algorithm. What is the KMeans Clustering algorithm? The KMeans Clustering algorithm is a process by which objects are classified into number of groups so that they are as much dissimilar as possible from one group to another, and […]
A Data-Driven Enterprise Encourages Creativity
Click to learn more about author Kartik Patel. Creativity is the lifeblood of an enterprise! But, it is easy to get into a rut and do what has worked in the past. If a business is to succeed, it must constantly generate new ideas and new ways to address the market and its consumers. Augmented data […]
Research Reveals Shortcomings in Data Literacy Projects: Don’t Let This Happen to You
Click to learn more about author Kartik Patel. Data Literacy is a hot topic in business today. As businesses struggle to remain competitive and to do more with less, every enterprise is looking for a way to optimize resources to get the most out of every team member. To do that, the business management team must […]