What is business intelligence democratization? Put simply, BI democratization is the open access to business intelligence and augmented analytics tools to enable analysis and understanding of the data within the enterprise systems. The “democratization” component relates to the “who.” Who gets access to the data? The simple answer is: everyone. In an environment where intelligence and […]
How Data Accessibility Shapes Business Intelligence
Business intelligence (BI) ensures organizations and enterprises make measured decisions. And teams are aware of its importance. However, many analytics teams in businesses struggle with slow, fragmented, or downright counterproductive BI systems. What’s interesting is that these challenges do not emerge due to a lack of sophisticated technologies or adequately trained employees. The main culprit […]
Mastering Data Visualizations for Better Understanding
The sheer volume of data generated daily has reached staggering levels, and approximately 328.77 million terabytes of data are created every single day, according to Statista. In fact, 90% of the world’s data has been created in just the past two years, underscoring the rapid pace of data generation. However, the explosion of data has […]
Weather-Proof Your Business: A Data-Driven Guide for Weather-Dependent Industries
As extreme weather events become more frequent and severe, having accurate weather data is no longer just a luxury – it’s essential. In 2023 alone, the U.S. grappled with 28 separate billion-dollar weather and climate disasters – hardly a sign of smooth sailing for businesses operating in weather-sensitive industries. If you’re a data manager working in such […]
The Role of Reinforcement Learning in Enhancing LLM Performance
Large language models (LLMs) are the backbone of modern natural language processing. They predict words, craft sentences, and mimic human language at scale. But underneath their polished outputs lies a limitation: They only replicate patterns seen in their given or training data. What happens when we want LLMs to go beyond this – when they […]
A Front-End Engineer’s Guide to Designing Interactive Dashboards
Dashboards are the foundation of modern business intelligence. They enable the visualization and transformation of hard-to-understand data into relevant information that various departments can use for better decision-making purposes. For companies that aim to develop a data-centric mindset, dashboards serve as a dynamic system for examining trends, outliers, and key performance metrics on the fly. […]
Transforming Real-Time Analytics with AI-Powered Digital Twins
Data management professionals face growing challenges in handling the vast amounts of live data generated by live systems, such as transportation networks, power grids, and security infrastructures. IoT devices have proliferated widely and produce real-time data on an unprecedented scale, placing significant demands on traditional data processing methods. Legacy approaches – often reliant on batch […]
AI’s New Superpower: Riding the Wave of Real-Time Data
Imagine a world where AI doesn’t just predict the future – it lives in it. A world where machine learning models aren’t stuck reminiscing about last year’s data, but are instead surfing the cutting edge of now. This isn’t science fiction; it’s the new frontier of artificial intelligence, and it’s being shaped by an unlikely […]
A Financial Approach to Evaluating Data, Analytics, and AI Investments
Extracting tangible business benefits from data and analytics projects, including those involving AI, has proven challenging for most enterprises. In 2019, VentureBeat reported that 87% of data and analytics (D&A) projects failed to reach production. In 2022, Gartner found that only 20% of insights derived from analytics translated into business outcomes. Despite various reasons for […]
How Organizations Can Overcome Barriers to Leveraging Real-Time Data
Digital-first businesses are managing an overwhelming amount of data, and many are struggling to make sense of it all and turn it into meaningful and actionable insights. Customers want fast and more personalized experiences at their fingertips, and real-time analytics is a key tool that companies can use to deliver tailored and responsive user experiences […]