Before the cloud era, businesses had to rely on in-house data centers and internal hardware and software infrastructures to conduct online business. Organizations had to make substantial investments to set up their websites and networks. Additionally, each business had to hire the right people to manage and monitor their infrastructures. This approach not only added to the […]
How to Become a Data Quality Specialist
First came the data analyst, then came the Data Quality specialist. Data analysts require accurate data to develop business intelligence and, unless someone else is cleaning the data, they must also perform this task. It is time-consuming and interferes with analyzing the data for useful business intelligence. Enter the Data Quality specialist, who takes responsibility […]
Fundamentals of Prescriptive Analytics
Prescriptive analytics uses historical data to find the best course of action for the future. In a way, prescriptive analytics combines elements from both descriptive and predictive analytics to arrive at actual solutions. The increased preoccupation with everything “data” is now a mainstream trend. The analytics market is expected to reach $190 billion in 2023, growing […]
Data Warehouse vs. Data Lakehouse
The phrase “data warehouse vs. data lakehouse” offers an exciting topic for ongoing debate in the global Data Management world. While businesses have relied on traditional data warehouses for storing structured and semi-structured data for years, the more recent technological solution of the data lakehouse is growing in importance because of its unique ability to provide structure to raw data. […]
5 Key Benefits of Data Governance
Organizations want Data Governance, a formalized practice that connects different components – roles, processes, communications, metrics, and tools – for its benefits. Company-wide data represents a resource that will “become more valuable than people ever anticipated,” according to David McGraw, senior manager in consumer and industrial products at West Monroe. Advances in generative AI models in 2023 will only increase the […]
Data Fabric Use Cases
Data is expanding in volume, variety, and sources; therefore, so is the business need for trustworthy, accurate, and timely data for on-demand “competitive intelligence.” Data fabric use cases offer a long-range technological solution for handling the myriad challenges that come with such a complex data ecosystem. This “converged platform,” designed with a unique architecture and […]
Data Strategy Best Practices
Data Strategy, the master plan or blueprint for confronting day-to-day business challenges and meeting pre-defined business goals using data, has gained significant traction. More companies are seeing the connection between following Data Strategy best practices and boosting profit. Gartner estimates that 50% of financial planning and analytics leaders will take charge of developing and refining their Data Strategy. Moreover, […]
Data Cataloging Tools
Data cataloging tools work with data catalogs to make them more efficient. Data catalogs typically come with tools included as part of the data catalog package. The tools included with data catalogs have been developed to support data quality, analytics, and compliance with data privacy regulations. Unfortunately, the number of independently sourced tools for data […]
Machine Learning 101
Machine learning (ML) is a subfield of AI that helps train machines to make decisions or complete tasks independently by studying and learning from data. Machine learning enables computers to learn, understand, and make decisions or perform tasks like humans without explicit programming. Machine learning includes the process of building mathematical models from sample historical data […]
How to Build a Career in Data Science
Considering a career in Data Science? Good news: The U.S. Bureau of Labor Statistics estimates that the employment rate for data scientists will grow by 36% between 2021 and 2031, with 40,500 more jobs expected to be created in that time. As the amount of data generated globally increases at a rapid pace, so too does the […]