The COVID-19 pandemic forced almost every organization to adapt to digital ways of working and operating virtually overnight – no matter their sector. It was a culture shock that meant brands had to accelerate their digital transformation strategies at short notice and push through changes that had been in development or stuck on board agendas […]
Can Predictive Analytics Provide Accurate Results Without Burdening Users?
If your business is struggling to forecast and predict outcomes and results, your management team is probably considering predictive analytics. The technology research firm Gartner states that “by 2025, 50% of data scientist activities will be automated by artificial intelligence, easing the acute talent shortage.” For the average team member, the concept of predictive analytics may seem daunting, […]
Using Data Analytics to Understand Gross Margin Attribution
Companies across sectors and of all sizes face a common problem: understanding their profit margins and identifying the levers that are attributing to those margins. It’s as fundamental to business operations as you can get – if the margin isn’t there, you’re not going to have a viable business, and in an increasingly data-driven world, businesses that […]
What Is Streaming Analytics?
Data intake is an ongoing process, so the filtering and analysis process works best when it is continuous. However, most organizations struggle with this aspect and instead process data in batches. Streaming analytics, also known as event stream processing, solves this issue by employing methods such as continuous queries to process and analyze data in real time. […]
Key Trends in Data and Analytics
In today’s world of unprecedented connectivity and advances in technology, the benefits of big data are accessible to even modestly scaled businesses. Indeed, business leaders who resist the shift to digital transformation do so at their own risk. But harnessing the power of data and analytics requires careful planning, preparation, and commitment. Where to begin? […]
Data Analytics Tools: Features and Functions
Today’s business environment is inherently data-driven. Businesses need data to stay competitive and grow their market presence – data is regarded as the “currency” of the modern world and the key to the future. Data analytics, in turn, is the process of discovering trends and patterns in large amounts of data to make intelligent decisions. It […]
The Impact of Predictive Analytics on the Global Food System
With over 12,000 years of experience in agriculture, humans have learned quite a bit about the many aspects of agriculture. From plant domestication to farming, agriculture has grown to be the backbone of the world – providing food, fuel, feed, and fiber. What was once dominated by ox and plows now relies on technologically driven tractors. Decisions […]
Types of Analytics Used in Organizations
Data analytics in businesses help uncover competitive intelligence, actionable insights and trends. Different types of analytics enable businesses to gain an edge over their competitors. In the “data first” era, data-driven insights and decisions have become the key drivers of business performance. This post reviews the different types of data analytics routinely used in enterprises. […]
How to Overcome the Plateau of Data Analytics Advancement in Today’s Data Overload
The last few years have seen an astronomical increase in the amount of data being created, stored, and shared. According to the IDC, 64.2 zettabytes of data were created or replicated in 2020 largely due to the dramatic increase in the number of people staying home for work, school, and entertainment. The firm also projects the […]
Data Science Tools: Smart Assistants for Data Analytics
In a globally competitive world, businesses that haven’t invested in Data Science tools can have difficulty making timely decisions or applying actionable insights. Today, data scientists’ greatest asset is the technology platforms or the tools that they have access to. The tools of the trade can mine and analyze petabytes of data in seconds and […]