There was a time when only elite, tech-savvy staff in an organization understood and felt qualified to discuss data-enabled business decisions. These individuals often possessed advanced academic degrees in data science, data engineering, statistics, operations research, and other allied fields and did not speak the language of the ordinary business staff. As a result, there […]
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 […]
Press Release: DATAVERSITY Publishes Scott Taylor’s Data Puppets Series
October 8, 2024 – DATAVERSITY Education, LLC, has announced a partnership with Scott Taylor, aka The Data Whisperer, to publish Taylor’s popular Data Puppets videos and upcoming multi-part series, “Journey to the Center of the Single Version of the Truth: The Greatest Data Story Ever Told.” The content can be viewed at dataversity.net/data-puppets. Taylor, a longtime DATAVERSITY […]
Why GenAI Won’t Change the Role of Data Professionals
The recent rise of GenAI has sparked numerous discussions across industries, with many predicting revolutionary changes across a broad range of professional landscapes. While the processes data professionals use and the volume of work they can sustain will change because of GenAI, it will not fundamentally change their roles. Instead, it will enhance their abilities, […]
5 Cutting-Edge Innovations to Boost Your Cybersecurity Defenses
With everything on a business leader’s plate, cybersecurity can often feel like an afterthought. Between managing teams, pursuing new opportunities, and dealing with the bottom line, who has time to keep up with the latest hacker threats and security defenses? Especially if you don’t have your IT staff focused solely on locking down the castle […]
Fundamentals of Data Preparation
Data is often called the raw material of the information age, and it does share characteristics with the resources that power other industries. For example, imagine trying to make a car out of unrefined iron ore. A lot of processing happens between the mine and the factory. Data is no different. In its “raw” form, […]
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 […]
Data Management in an Industrial Environment
Industrial environments are rich data sources, from equipment pressure and temperature readings to real-time inventory levels. This ocean of data provides organizations with valuable insights when (and if) effectively harnessed. By transforming raw data generated across the floor 24/7 into actionable intelligence, industrial plants are equipped with data-informed insights necessary to create operational strategies that […]
Large Language Models 101
Large language models (LLMs), built on the transformer architecture of deep learning, are designed to process very high volumes of textual data at a high speed. LLMs also have the power to generate new text and interact with human language innovatively. Training on different types of data, including articles, books, periodicals, and websites, LLMs develop […]
Data Visualization in the Era of AI/ML
How will data visualization evolve in the era of AI/ML? While AI is rapidly evolving, it is ironic that business users are still using “dumb” dashboards. The challenge is to move beyond these unintelligent dashboards to a genuinely transformative visual analytics solution that harnesses the power of AI/ML. While some vendors offer a ChatGPT-like querying […]