When done right, Data Science delivers a lot of measurable values like improved products and services, enhanced customer experiences, sales growth, new business developments channels, and overall business efficiency. However, according to most reliable industry publications, most Data Science projects fail because the Data Science best practices are not followed. Why Do Businesses Need Data […]
AI and Data Strategy: Where Do They Intersect?
Artificial Intelligence (AI) has penetrated nearly every industry because of its ability to improve business outcomes – from employee productivity to decision-making to customer experience. It’s no surprise that organizations large and small are embracing AI. That being said, starting AI without a strong Data Strategy in place can do more harm than good. Data Strategy refers […]
Semantic Technology Trends in 2022
Semantic technology trends are expanding well beyond an interesting, more advanced search engine. Besides providing scientists with a more functional search engine, semantic technology is now being used to improve artificial intelligence and machine learning. Semantic technology uses a variety of tools and methods designed to add “meaning” to a computer’s understanding of data. When […]
Data Science vs. Decision Science: A New Era Dawns
Data Science vs. Decision Science: Basic Descriptions In Data Science, a variety of advanced technologies like data mining, statistics, predictive analytics, AI, and machine learning are used in conjunction to deliver solutions for business problems. In Decision Science, analyzed data is “interpreted” to arrive at business decisions that meet specific objectives. So while Data Science […]
Edge Computing: An Overview
Edge computing (EC) allows data generated by the Internet of Things (IoT) to be processed near its source, rather than sending the data great distances, to data centers or a cloud. More specifically, edge computing uses a network of micro-data stations to process or store the data locally, within a range of 100 square feet. […]
The Intersection of Self-Service Analytics and Machine Learning
The terms “self-service analytics” (SSA) and “machine learning” (ML) are frequently used interchangeably, but the concepts behind these terms are a world apart. In self-service analytics, specific tools are designed to aid the user in inputting data or interpreting results (output). On the other hand, a machine learning algorithm is a special software that has […]
Data Management vs. Data Science
The shift in the business perception of data has now catapulted Data Management into new heights. Data Science is a core component of Data Management now, but Data Management and Data Science are often seen as two different activities. Working among data analysts, data engineers, and DBAs, data scientists spend their time getting the data […]
Data Scientist vs. Data Engineer
The Background of Data Science Roles It was thought a few years ago that 2018 would amount a huge demand-supply gap in the Data Science market as supply would fail to keep pace with the rising demand for expert data scientists. However, the buzz from Gartner, which said more than 40 percent of Data Science […]
Data Literacy Trends in 2022
Investing in leadership skills as well as data skills allows organizations can ensure that they can have decisive marketplace and intra-organizational impacts. The Chief Data Officer (CDO) role is only a few years old, and many organizations still don’t have a CDO. Data Literacy is an essential component to all of this. In a recent […]
Data Architecture Trends in 2022
The primary purpose of implementing a Data Architecture is to standardize the methods and protocols, as well as the systems for acquiring, storing, managing, and sharing data across the enterprise for improved decision-making. In modern businesses, most decisions are made in real time, and to facilitate an efficient and real-time friendly Data Management infrastructure, data […]