The increasing complexity of a digital-first world shows no sign of abating in 2023. And with looming economic uncertainty, organizations will turn to technology as they navigate concerns. We believe that data and AI will ultimately determine business success. Those organizations able to harness the vast volume of data and turn it into actionable insights […]
Plans for Cloud Cost Management and Resource Optimization in 2023
With a recession looming and continuous economic uncertainty hovering, companies are looking for ways to cut costs. If they made it through the period of layoffs, now they’re turning to their tools to see where they can cut back and maximize usage of their resources. Looking into 2023, we’ll see many companies turning to cloud […]
Data Quality Best Practices to Discover the Hidden Potential of Dirty Data in Health Care
Dirty data – data that is inaccurate, incomplete, or inconsistent – costs the U.S. $3.1 trillion per year, according to IBM. Along with the staggering cost, it prevents health care stakeholders from realizing the enormous potential value that they could be realizing from downstream analytics, including population health management, value-based care, and digital health. Health plans will […]
Finding the Right Data Governance Model
Data Governance has received much attention in both the academic and practitioner communities over the past 15 years. Compared to the even more recent concept of Data Governance, IT governance has evolved from the initial concept of corporate governance. In the past year, the interest has increased with the evolution of the modern data stack and cloud adoption, […]
4 Things to Know About Data Security in 2023
Data security is an issue that faces every organization that uses or stores sensitive data. Even a minor data breach can expose a business to crippling financial penalties from regulators, civil action by aggrieved data owners, and irreversible corporate reputation damage. As 2023 approaches, changes in the workplace, geopolitical factors, changing requirements by insurance providers, […]
Data Culture: The Key to Becoming Data-Driven
The volume of data that individuals and businesses generate is growing rapidly. We have all heard how data is doubling every two years or that 90% of all data was created in the last two years. With this hockey stick-like growth, the complexity and variety of data are creating further issues for CDOs and data professionals. […]
AI Trends for 2023: Sparking Creativity and Bringing Search to the Next Level
2022 was a big year for AI, and we’ve seen significant advancements in various areas – including natural language processing (NLP), machine learning (ML), and deep learning. Unsupervised and self-supervised learning are making ML more accessible by lowering the training data requirements. Large language models (LLMs) have shown impressive capabilities not just in natural language […]
Data Transparency: The Key to Building More Resilient Health Care Supply Chains
Today, approximately 30% of the world’s data volume is generated by the health care industry. And as staggering as this sounds, it’s estimated that the annual growth rate for health care data will reach 36% by 2025, outpacing the manufacturing, financial services, and media and entertainment industries. The challenge in front of health care executives and administrators […]
What to Look for When Hiring a Data Analyst
Data analysts are specialists in statistics, mathematics, and computer science, enabling them to serve in a variety of departments, including operations analysis, financial analysis, and marketing analysis. A data analyst interprets data to influence business strategy, permitting firms to make data-driven pricing, scheduling, and other operational choices. Why Hire a Data Analyst? As declining margins, increased commoditization, […]
Decision Products Are the New Data Paradigm
“We have data – why can’t we use it?” To answer that question, I would say, “What do you want to do with your data?” Lately, whomever I talk to answers with a general desire for their data – to gain insights or to make data-driven decisions – and then they launch into an explanation of the […]