Driven in large part by a growing awareness of the effects of unchecked carbon emissions, environmental, social, and governance (ESG) initiatives have been gaining momentum across companies in Europe and, more recently, the U.S. Some verticals, notably financial services, are beginning to tie ESG information directly to investment decisions, while all companies are realizing that […]
Developing a Data Strategy Template
Organizations want a solid and usable Data Strategy template – a well-thought-out plan for a set of decisions that form a pattern, charting a high-level course of action – but face challenges. For example, only 30% of companies have impactful data strategies that align with some operations, resulting in wasted investments in improving analytics and business insights. Instead, most […]
9 Key Data Management Principles and Practices
Business leaders often make corporate decisions in haste, based on data that is neither thoroughly analyzed nor understood. This can pose a serious threat to data-driven decision-making. Additionally, businesses risk losing a competitive edge by not following important business analytics practices. To get the full benefit of data-centric activities, businesses must follow several core Data […]
Why Embedded Innovation Is Key to Digital Transformation
“Digital transformation” is the hottest phrase of 2023, encapsulating everything from supply chain disruptions to the AI gold rush. It’s the challenge companies are undertaking to make sure they keep pace with today’s rapidly evolving technology and interconnected digital world. For business leaders, the biggest focus is on making sure their internal processes are intertwined […]
3 Ways to Up-Level First-Party Data Enrichment Efforts
Today’s consumers expect the companies they buy from to know their needs and preferences. However, as the advertising and privacy landscape evolves, marketers are facing impediments that limit their understanding of their customers beyond their brand walls. Marketers know that their first-party data has never been more important. But they also know it’s not enough on […]
4 Data Privacy Best Practices
Data privacy is at the heart of every prominent security threat – what are the top best practices for keeping data private? Some of the major cyber security challenges in 2023 are ransomware, hacking of cloud service vendors, and wiper malware. During ransomware attacks, bad actors obtain or encrypt sensitive information. The victims are urged to pay […]
How Hyper-Automation Technology Is Democratizing Innovation
We all know the fable about the grasshopper and the ant. While the ant works throughout the summer to store food for the winter, the grasshopper enjoys the sunshine. When winter comes, the grasshopper begs the ant for food, but the ant turns its back. There’s a modern version of that story in which the […]
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 […]
Automated Vulnerability Detection: Mitigate Fraud and Strengthen Your Cybersecurity Defense
Cyberattacks are now a severe threat to organizations leveraging cutting-edge technology in the digital-first world. Whether phishing or malware attacks, cybercriminals increasingly exploit sensitive business information and customer identities. And what’s more worrisome is that the conventional cybersecurity architecture seems impotent against advanced attacks, since attackers are finding new ways to breach a network. Hence, there’s […]
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 […]