You may not be an analytics expert and you may find terms like PMML integration somewhat daunting. But, in reality, the concept is not complex, and the value is outstanding. So, what is PMML integration? PMML stands for “predictive model markup language.” It is an interchange format that provides a method by which analytical applications and […]
Enhancing the Reliability of Predictive Analytics Models
Predictive analytics is a branch of analytics that identifies the likelihood of future outcomes based on historical data. The goal is to provide the best assessment of what will happen in the future. Basically, predictive analytics answers the question “What will happen?” The value of predictive analytics lies in enabling business enterprises to proactively anticipate […]
Building a Modern Data Platform with Data Fabric Architecture
In today’s data-driven landscape, organizations face the challenge of integrating diverse data sources efficiently. Whether due to mergers and acquisitions (M&A) or the need for advanced insights, a robust data platform with streamlined data operations are essential. Shift in Mindset Data fabric is a design concept for integrating and managing data. Through flexible, reusable, augmented, and […]
The Future of Insurance: A Business Analyst’s Insight into Emerging Trends and Technologies
The insurance industry is undergoing a revolution, mainly driven by the application of advanced emerging technologies. The application and installation of new technologies enable a better future for our industry, where customers will receive maximum efficiency, security, and flexibility. Here, we address the major technologies and trends that influence this transition, shedding light on their […]
Streamlining Your Data Needs for Generative AI
Companies are investing heavily in AI projects as they see huge potential in generative AI. Consultancies have predicted opportunities to reduce costs and improve revenues through deploying generative AI – for example, McKinsey predicts that generative AI could add $2.6 to $4.4 trillion to global productivity. Yet at the same time, AI and analytics projects have historically […]
Monetizing the Data Delivered by IoT Medical Devices
Recent years reflect medical device manufacturers shifting value from just hardware, or even hardware and software. Hardware, software, and data are all now being monetized in the era of the Internet of Things. Data-rich IoT medical devices – pumps, monitors, wearables, tablets, and more – span a wide range of functions to support healthcare, diagnostics, […]
Why Effective Data Management is Key to Meeting Rising GenAI Demands
OpenAI’s ChatGPT release less than two years ago launched generative AI (GenAI) into the mainstream, with both enterprises and consumers discovering new ways to use it every day. For organizations, it’s unlocking opportunities to deliver more exceptional experiences to customers, enabling new types of applications that are adaptive, context-aware, and hyper-personalized. While the possibilities are […]
Demystifying Advanced Analytics: Which Approach Should Marketers Take?
“Advanced analytics” has been the new buzzword on every organization’s mind for the past several years. Recent advancements in machine learning have promised to optimize every arm of an organization – from marketing and sales to supply-chain operations. For some, investments in advanced analytics have been worth the hype. Those who succeed can gain a […]
What Doesn’t Work with Data Governance
Data governance is crucial for businesses aiming to maximize the value of their data, yet several common issues can significantly hinder its effectiveness. Let’s dive straight into these challenges and outline actionable strategies for overcoming them. Silos and Misalignment Data governance often operates in isolation, with dedicated teams having minimal interaction with the end-users of […]
End the Tyranny of Disaggregated Data
Customer renewal rates are dropping, and your CEO is on the warpath. You need to find out why and fast. At most large companies, that is a pretty tall task. Information about customers is likely scattered across an assortment of applications and devices ranging from your customer relationship management system to logs from customer-facing applications, […]