Graph databases play a key role in fraud detection within intricate, complex networks, helping security teams keep pace with modern fraud techniques that are becoming increasingly more sophisticated. Graph databases can identify patterns and relationships in big data, reducing the level of complexity so that detection algorithms can effectively discover fraud attempts within a network. […]
The Growing Impact of AI on Data Science in 2023
While AI’s ubiquity is becoming increasingly evident through everyday tools like chatbots, smart cameras, and smart content generation, there’s an expansive universe of less recognized but highly potent advancements poised to redefine how data scientists interact with and leverage the burgeoning volume and complexity of datasets. Emerging AI trends such as natural language processing, reinforcement learning, […]
When to Use AutoML vs. Manual ML: A Full Guide
Automated machine learning (AutoML) is a set of tools and techniques that automate the design, training, and deployment of machine learning models. AutoML has become essential due to the amount of data involved when creating ML models, helping to save a significant amount of time, human resources, and money. Although manual machine learning is not obsolete, automating […]
Should You Consider a Unified Data Model?
A unified data model allows businesses to make better-informed decisions. How? By providing organizations with a more comprehensive view of the data sources they’re using, which makes it easier to understand their customers’ experiences. A singular, interrelated network that’s connected to one source of truth gives organizations a more efficient, accurate, and comprehensive analysis of […]
Data Strategy Prerogatives That CIOs Need in 2023
Without data, businesses wouldn’t have much to work with when making informed decisions. Data by itself, though, isn’t enough for business leaders to rely on when they’re driving growth; a gigantic collection of data isn’t worth nearly as much as a data strategy defining how you use and manage your data. Without a solid data […]
How Descriptive Analytics Leverages Data for Better Decisions
Organizations are recognizing that data can be a powerful business asset, and are investing in data analytics to provide this valuable tool. According to research, more than 95% of all organizations today incorporate data initiatives into their business strategies. However, most businesses falter when it comes to effective and efficient uses of data. Descriptive analytics, the most […]
Data Lakehouses: The Future Of Data Migration
It’s no surprise that, in 2023, business enterprises want to become truly data-driven organizations. For many of these organizations, the path toward becoming more data-driven lies in the power of data lakehouses, which combine elements of data warehouse architecture with data lakes. Data lakehouse architecture is particularly attractive to businesses that want to more rapidly […]
Goodbye Dashboards: How Modern BI Tools Are Being Used to Analyze Data
Not all that long ago, the only way for businesses to readily access their data was through dashboards. And, even then, these predefined and static dashboards provided data that was restricted only to citizen data scientists and data analysts. Standalone, static dashboards also inadvertently distract users and force them to shift their focus from their typical tasks […]
How a Modern Cloud Analytics Stack Can Optimize the Value of Your Data
Data is vital when it comes to growing a business, but many organizations fail to utilize it properly once it has been collected. At the same time, many forward-thinking businesses, from startups to large corporations, have implemented a modern cloud analytics stack to use data more efficiently. In this article, we will discuss how a modern […]
How Data Privacy Regulations Can Affect Your Business
The importance of consumer data can never be underestimated from a business perspective. It can help identify where a company can grow and improve and highlight any gaps in the service offering. This collection of valuable data has been made harder due to stricter data privacy regulations and a reluctance among consumers to allow their information to […]