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 […]
Why Geospatial Data Should Be Easily Accessible for Every Employee
Unlocking the power of geospatial data can give organizations a competitive edge, from optimizing supply chain logistics and enhancing customer experience to mitigating fraud and improving public health outcomes. But despite its far-reaching benefits, many organizations fail to fully harness geospatial data’s potential. Why? Because geospatial data is voluminous, complex, and often distributed across multiple […]
How Analysts Leverage Creativity to Gain Powerful Insights from Alternative Data
Creativity is critical to producing superior results in any field, whether it’s the arts, sciences, or technology. The same can be said for alternative data analysis. The most successful data scientists apply creativity by thinking out of the box when analyzing information to solve challenging problems or understand human behavior. From investment decisions to public policy and […]
The Value of Data Analytics in the Health Care Industry
While the health care industry has lagged a bit behind other industries in adopting artificial intelligence (AI) and machine learning (ML) – and rightfully so, considering very valid security and safety concerns – its leaders have undergone a mindset shift, recognizing the value of technological innovations and data analytics. Since its implementation, data analytics has completely transformed health care, influencing […]
Automated Remediation Can Make Dashboards a Thing of the Past
A convergence of events – including the global pandemic, a shift to remote work, and increased use of the cloud – has accelerated companies’ digital transformations over the past few years and resulted in an ever-growing labyrinth of hybrid networks and endpoints. Digital transformations may have allowed companies to keep up – to a point […]