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 […]
Key Principles of Data Product Management for Maximizing Business Value
Although almost every company in the world recognizes the power of data, most struggle to unlock its full potential. Companies such as Google, Amazon, and Uber that primarily deal with data are among the most valuable in the world, in terms of market capitalization, business performance, and innovation. One of the key reasons for their […]
Harnessing Data: From Resource to Asset to Product
Companies that are data-driven demonstrate improved business performance. McKinsey says that data and analytics can provide EBITDA (earnings before interest, taxes, depreciation, and amortization) increases of up to 25% [1]. According to MIT, digitally mature firms are 26% more profitable than their peers [2]. Forrester research found that organizations using data are three times more […]
Mind the Gap: Ask for Business Actions, Not Business Value
I’m not sure I know anyone in the data and analytics field whose platform doesn’t face budget scrutiny. Analytics is expensive. And when cost-cutting is the order of the day, analytics is a big target. Up shields. Time for another business value inventory. I’ve spoken with consultants who have completed analytics business value inventories at […]
The Hidden Language of Data: How Linguistic Analysis Is Transforming Data Interpretation
From Fortune 500 companies to local startups, everyone’s swimming in a sea of numbers, charts, and graphs. But here’s the thing: While structured data like sales figures and customer demographics have long been the backbone of analytics, there’s a growing realization that unstructured data is the real goldmine. Think about it. Every tweet, email, customer review, and social […]