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 […]
Why Leveraging Unstructured Data and AI Will Be Key to Customer Success in 2023
Analysts like IDC and Deloitte estimate that up to 80% of the world’s data is unstructured text data, which makes getting valuable insights out of this type of data a huge challenge. Worse, customers can’t easily find the right answers to address their product and service-related questions that are hidden in large amounts of support documents. As a result, employees […]
Is Your Database Built for Streaming Data?
When it comes to data sources, analytic apps developers are facing new and increasingly complex challenges, such as having to deal with higher demand from event data and streaming sources. Here in the early stages of this “stream revolution,” developers are building modern analytics applications that use continuously delivered real-time data. Yet while streams are clearly the […]
Five Data and Analytics Trends: What Lies Ahead in 2023
It’s rare, if not impossible, to find a business that does not have a digital presence. The convenience factor of digital is accelerating the pace at which businesses are applying an online presence, including the ones that were mainly brick-and-mortar before COVID. More than just offering products and services in this way, most organizations are […]
Data Clean Rooms: Share Your Corporate Data Fearlessly
Data sharing has become more complex, both in its application and our relationship to it. There is a tension between the need for personalization and the need for privacy. Businesses must share data to be effective and ultimately provide tailored customer experiences. However, legislation and practices regarding data privacy have tightened, and data sharing is tougher and […]
How to Transform Customer Experience with Explainable AI
In today’s competitive landscape, customer experience can make or break a business, and companies need to know more about their customers than ever before. One way to do so is by using artificial intelligence (AI) and machine learning (ML). Companies collect all types of data from customer interactions, use that data to build AI/ML models, […]