Artificial intelligence (AI) has provided a critical competitive advantage for those organizations able and willing to use it. AI has gained significant momentum in the last few years, acting as personal assistants for some, while processing business transactions and providing technical services to others. AI systems have the ability to manage large amounts of data […]
Data Strategy vs. Business Strategy
For any transformational Business Strategy, data-driven intelligence must be “readily accessible, interpretable, and actionable” whenever necessary. At the macro level, a data-driven culture has to be consciously propagated throughout the organization, end-to-end. Digital businesses have acknowledged the importance of data accessibility and have embraced this culture within their business model to remain competitive. The late […]
Data Literacy Leads to Success
The Data Literacy Project says that workforce data literacy has proven to have a positive correlation with corporate performance. Improved corporate data literacy positively impacts gross margin, return-on-assets, return-on-equity, and return-on-sales, resulting in $320 to $534 million in higher enterprise value over organizations with lower data literacy, according to the Data Literacy Index. The study […]
Data Science Trends in 2020
The exponential growth of data, partly generated by sensor-driven devices, is making Data Science and machine learning (ML) market differentiators in global business-analytics solutions. With the rising demand in Data Science and ML skills, 2020 may well be a witness to several new trends in the field. According to IDC: “[I]f our digital universe or […]
Big Data Trends in 2020
In 2019, automation frameworks designed to process big data made it much easier to go from the start of a new analytics project to the production phase. Additionally, per the requirements of GDPR, many more businesses now have Chief Protection Officers (and likely Chief Data Officers), which has, in turn, resulted in their shifting from […]
The Art of Data Extraction
To be a data-driven business, companies need data. A lot of data. They have plenty of data in-house to work with, of course — their customer and sales data, data they get from their subscriptions to third-party data providers, and so on. But what about all that data on the web? Sourcing data from the […]
Case Study: Building a Business Intelligence Team with Confidence and Transparency
Meeting the company’s goals is the responsibility of everyone in the organization, so even those who aren’t directly influencing the cost or the revenue side should know what those goals are. “No matter who you are, you are directly or indirectly affecting key company metrics,” said Vanessa Lam, Business Intelligence Manager for Optoro. Lam shared […]
Data Management vs. Business Intelligence
What is a company to do when Business Intelligence (BI), designed to leverage data as an asset, costs too much time and money due to failures in traditional Data Management processes, such as the prepping and cleaning of data? Should a business analyst, wanting to produce ad-hoc reports, have to be tech-savvy or wait for […]
2019 DATAVERSITY Top 20
It is once again time to look back and evaluate the struggles and successes of the previous year and then build those lessons into the year to come. Part of how we do that here at DATAVERSITY is to look at the content consumed by the community over the year and evaluate what was hot […]
Training Artificial Intelligence Systems
Computer vision systems are driving some incredible developments. Convolutional neural network (CNN) algorithms are most commonly applied to analyzing visual imagery. That involves the “classification, detection, [and] segmentation of entities in the 2D space and analyzing temporal information in the 3D space, such as Action/Video,” says PR Krishan, VP and Global Head, Enterprise Intelligence Automation, […]