In the era of digital transformation, data has become the new oil. Businesses increasingly rely on real-time data to make informed decisions, improve customer experiences, and gain a competitive edge. However, managing and handling real-time data can be challenging due to its volume, velocity, and variety. This article will guide you through nine best practices […]
10 Ways to Enhance Your Data Analysis Skills
In our increasingly data-driven world, the ability to analyze data has become a valuable skill. Data analysis skills empower us to make informed decisions, uncover hidden patterns, and extract meaningful insights. With the demand for professionals skilled in data analysis on the rise, acquiring these abilities is more important than ever. In this article, we will […]
Why the Future Success of Organizations Relies on Innovation from IT
Organizations are sitting on a mountain of data and untapped business intelligence, all stored across various internal and external systems. Those that utilize their data and analytics the best and the fastest will deliver more revenue, better customer experience, and stronger employee productivity than their competitors. And the organizations that can answer the tough questions […]
Predictive Analytics Use Cases for Citizen Data Scientists
Gartner technology analysts predict that organizations leveraging augmented analytics solutions will grow at twice the rate of those that do not use these solutions. Those organizations that provide self-serve augmented analytics to their business users can achieve market goals and stay abreast of the competition with fact-based decision-making and a team that leverages analytics daily to make those […]
Becoming Data-Driven Without a Data Analyst
Data analysts are an important part of modern business, and this article will not argue otherwise. But it will argue that not every company, department, and team needs a data analyst to become data-driven. Before being hired as senior product manager of a data integration platform, I had little experience working directly with data tools. But I knew […]
Demystifying Actionable Insights in Data and Analytics
Every company today is a data company. Organizations worldwide are striving to derive business insights from the enormous amounts of data that are captured and stored to measure and improve business performance. McKinsey found that insight-driven companies report EBITDA (earnings before interest, taxes, depreciation, and amortization) increases of up to 25%. According to Forrester, organizations that use data […]
Architecting Real-Time Analytics for Speed and Scale
In today’s fast-paced world, the concept of patience as a virtue seems to be fading away, as people no longer want to wait for anything. If Netflix takes too long to load or the nearest Lyft is too far, users are quick to switch to alternative options. The demand for instant results is not limited […]
A Picture Is Worth 1,000 Words: The Importance of Data Visualization
Have you ever heard the saying, “A picture is worth 1,000 words”? This statement holds especially true in the field of Data Science. Let’s say you are a data scientist at a top Fortune company, dealing with budget portfolio optimizations worth millions of dollars annually for various clients. It is essential to effectively communicate your […]
Leveraging AI and Automation to Streamline Clinical Trial Data Management
Clinical trials are critical in developing and approving new medical treatments and technologies. These trials generate massive data that needs to be managed efficiently and accurately to ensure patient safety and successful research outcomes. The good news is that advances in AI and automation technology, such as AI-based data extraction, virtual clinical trials, and predictive analytics, […]
Building Better Insights: Enabling Real-World Data-Driven Drug Development
By 2025, the drug discovery market is expected to reach $71 billion. While recent growth in the market was largely influenced by the COVID-19 pandemic and the need for vaccinations, a need for more robust data and analytics has also contributed to the industry’s rapid development. Developing new drugs involves substantial money and time – and […]