Around this time last year, the 2021 AI in Healthcare Survey was released. The results showed growth in natural language processing (NLP), clinicians becoming primary users of AI technology, and a preference for companies using their own data to validate models, among other findings. And while the results didn’t change significantly from last year, there […]
CDOs Harness Flood of External Data for Smarter Decision-Making
The first chief data officer (CDO) was appointed at Capital One in 2002. Although just 12% of Fortune 500 companies had a CDO a decade later, more than two-thirds of major companies employ CDOs now. Companies generate unfathomable amounts of information – one credible estimate compares the daily data output to 166,000 times the data contained in the Library of Congress. […]
5 Best Practices to Reap the Benefits of Data Democratization
In the digital age, the success, growth, and maximization of opportunities of an organization depend on insights gained from data. Analytics and business intelligence (ABI) tools enable organizations to drive greater meaning from their data to protect revenue streams, minimize risk, adapt to rapidly changing business environments, and better serve their customers. In many cases, […]
How to Maximize IT Talent and Become a Data-Driven Organization
Organizations across the world are striving to be data-driven and use data more effectively to inform decision-making at every level of the business. However, according to the 2021 Big Data and AI Executive Survey from NewVantage Partners, only 40% of companies today manage their data as if it were a business asset. In other words, ambition is […]
Still Not Convinced About Data Storytelling? Read This
Data on how organizations operate can inform how they make decisions across the board, no matter their size. Gartner’s Data & Analytics Trends Report for 2021 included the use of “data and analytics as a core business function,” while IDC suggests that almost two-thirds (64%) of businesses believe data collection and analysis has “fundamentally changed the way […]
Data Democratization: Think of It as Home Renovation
The focus of this article is on data democratization within the business enterprise, but the concepts and approaches involved in implementing this type of initiative are worth considering for any kind of major change within an organization. When thinking about business environments – how they are established and how they evolve – it is often […]
How a Cultural Shift Toward Data Democratization Can Improve Analytics
As part of a well-desired culture change of data awareness in an organization, data democratization is a concept that enables easy access to data by anyone. The ease of availability and access to data allows for direct and indirect data monetization, thus improving revenue streams. This concept can be realized through an internal marketplace as […]
Is DataOps the Savior of Under-Pressure Analytics Teams?
DataOps is something that has been building up at the edges of enterprise data strategies for a couple of years now, steadily gaining followers and creeping up the agenda of data professionals. And many believe it could now finally be about to enter the mainstream. The number of data requests from the business keeps growing […]
The Reskilling Revolution: Enterprise and Education Must Work Hand in Hand
We are on the brink of a “reskilling revolution,” according to the World Economic Forum (WEF). The new jobs emerging in the global economy will require a different set of skills, more in tune with the digital era. As a result, the demand for workers with specialist data education and skills, like data scientists and data […]
Why I Believe the Hyperautomation Hype – and You Should Too
Click to learn more about author Mathias Golombek. Just when you’d got to grips with automation, along comes hyperautomation. The buzzword cynics will think that’s a bad joke, a Will Farrell-style parody of a “top trend to watch!” from yet another thought leader. I’d usually count myself among those cynics, but on this occasion, I’m sold […]