Next in our blog series exploring interesting analytics use cases, we examine how machine learning algorithms dictate the music we listen to every day. In 2019, the music streaming market was valued at $12,831.2 million – a figure that’s expected to nearly double by 2027. Music streaming has become the most popular medium for music consumption, significantly outperforming […]
Using Big Data Analytics to Combat White-Collar Crime
In the era of globalized markets, burgeoning international trade, complex financial systems, ever-evolving compliance and regulatory landscapes, and rapid technology advancement, white-collar crime has unfortunately seen a significant uptick in scale, variety, and sophistication. Whereas white-collar crime used to conjure images of high-flying executives stealing from company coffers, the modern landscape is much more complex, […]
How to Use Data Analytics to Gain Valuable Insights with Limited Data
Every modern business professional understands the importance of data. Data can separate the forest from the trees, providing business leaders with a new perspective. From valuable insights regarding customer satisfaction to understanding vital improvements that you can make operationally, data analytics can provide a huge return on investment. However, many businesses shy away from Data Science and analytics because they feel […]
Four Data Analytics Trends to Watch
Now that 2021 has come to a close and leadership teams once again look to position their organizations for opportunities and challenges on the horizon, there’s no shortage of questions about what to expect in 2022 and beyond. Will technology fix the global supply chain crisis? Will “citizen data analysts” become the most important people […]
The Pros and Cons of Synthetic Data
Data has established itself as one of the most important elements in both business and science. With the advent of big data services, companies can get access to previously unattainable advanced analytics, and researchers can find almost any imaginable dataset to draw insights from. However, all this potential is hindered by ever-pressing data privacy regulations. This is why […]
7 Factors to Consider When Deploying a Modern Data Estate
The abilities of an organization towards capturing, storing, and analyzing data; searching, sharing, transferring, visualizing, querying, and updating data; and meeting compliance and regulations are mandatory for any sustainable organization. Many companies have already invested in their data environment by deploying a traditional data warehouse, but data warehouses have many limitations. For example, most data warehouses […]
Data vs. Disaster: 5 Ways Analytics Is Helping Tackle Climate Change
With the recent Intergovernmental Panel on Climate Change (IPPC) report painting a worrying picture of our battle against climate change, we will explore five ways analytics can help turn the tide. The UN Secretary-General, Antonio Guterres, called the report “a code red for humanity,” adding that “the alarm bells are deafening and evidence irrefutable.” U.S. President Joe […]
What Is the Karl Pearson Correlation and How Is It Useful for Enterprise Analysis?
Click to learn more about Kartik Patel. This article explains the Karl Pearson Correlation method of analysis, and how it can be applied in business. Correlation is a statistical measure that indicates the extent to which two variables fluctuate together. A positive correlation indicates the extent to which those variables increase or decrease in parallel. A […]
Data Ethics: What, Why Now, and Where Do We Start?
Click to learn more about author Peter Jackson. We have to make ethical decisions every day when working with data. The problem is, a lot of the time we might not realize when this is the case. Data professionals and organizations are often so focused on what can be done with data and at what scale, that […]
4 Risks of Storing Large Amounts of Unstructured Data
Click to learn more about author Gary Lyng. In 2013, the big data headline was the incredible statistic that 90% of all data in the history of the entire human race had been created in the previous two years. The amount of structured and unstructured data we’ve created was so mind-boggling that we deemed it […]