The COVID-19 pandemic forced almost every organization to adapt to digital ways of working and operating virtually overnight – no matter their sector. It was a culture shock that meant brands had to accelerate their digital transformation strategies at short notice and push through changes that had been in development or stuck on board agendas […]
Can Predictive Analytics Provide Accurate Results Without Burdening Users?
If your business is struggling to forecast and predict outcomes and results, your management team is probably considering predictive analytics. The technology research firm Gartner states that “by 2025, 50% of data scientist activities will be automated by artificial intelligence, easing the acute talent shortage.” For the average team member, the concept of predictive analytics may seem daunting, […]
Using Data Analytics to Understand Gross Margin Attribution
Companies across sectors and of all sizes face a common problem: understanding their profit margins and identifying the levers that are attributing to those margins. It’s as fundamental to business operations as you can get – if the margin isn’t there, you’re not going to have a viable business, and in an increasingly data-driven world, businesses that […]
Five Types of Advanced Analytics Challenges
Many data scientists and analytics consultants complain they were hired to be a part of advanced analytics teams at corporations, but all they do is data analysis or reporting work. The bigger problem here is that the personnel leading these teams genuinely believe their problem statements are advanced in nature. And rightly so – as […]
Innovations in Deep Analytics Are Critical to the Future of Supply Chains
Digital transformation accelerated very quickly during the global pandemic, leading to 10 years of innovation in just three months. The abrupt changes came mere weeks after the rules of the California Consumer Privacy Act (CCPA) went into effect and just a few months before they were enforced. As the risk of new fines piled up – at […]
Is Your Business Ready for Data Science?
As data science and AI technologies become more integrated into everyday business processes, more and more companies are seeing their tremendous benefits. But there are challenges with successfully deploying AI in a manner that drives measurable business outcomes. I wanted to share with you some of the best ways to address those challenges and help […]
The Impact of Predictive Analytics on the Global Food System
With over 12,000 years of experience in agriculture, humans have learned quite a bit about the many aspects of agriculture. From plant domestication to farming, agriculture has grown to be the backbone of the world – providing food, fuel, feed, and fiber. What was once dominated by ox and plows now relies on technologically driven tractors. Decisions […]
Data Democratization on the Business Front Line
There has been a lot of press about the concept of data democratization and the resulting improvement in data literacy across the enterprise and yet, many businesses still see this democratization effort as restricted to middle managers or to the use of analytics within the four walls of the headquarters or regional offices of the […]
How Implementing Change Data Capture Can Evolve Your Organization’s Data Capabilities
As companies look for ways to use their data to find new opportunities, the importance of real-time insights is growing. But many companies still rely on older, slower approaches to Data Management that struggle to keep up with the pace of business today. Companies know they need better ways to manage data without slowing down […]
How to Overcome the Plateau of Data Analytics Advancement in Today’s Data Overload
The last few years have seen an astronomical increase in the amount of data being created, stored, and shared. According to the IDC, 64.2 zettabytes of data were created or replicated in 2020 largely due to the dramatic increase in the number of people staying home for work, school, and entertainment. The firm also projects the […]