The modern enterprise deals with a staggering amount of data, which is mostly unstructured and comes from a diverse number of sources both inside and outside of the organization. Organizations are realizing the importance of gathering, processing and storing this vast amount of business data in order to derive actionable insights and improve the organization’s…Read More
We hear about data analytics all the time. But, what exactly is it? We can define data analytics as the science of examining raw data with the aim of drawing some hypotheses about the information contained therein, using various specialized systems. Data analytics encompasses many different tools and technologies, all of which help enterprises process…Read More
Data analytics is a major engine of change for industries and organizations. Users have now adopted data analytics methods that best suit their processes, rather than trying to fit standardized methods of analysis. Data analysis is increasingly used for decisions that are typically subjective, such as brand management and talent acquisition, while other areas that…Read More
We are witnessing a new way of productivity driven by data analytics, as organizations across sectors are enhancing their ability to collect, store, analyze and present data. Data analytics has the potential to transform processes and performance, delivering substantial efficiency increases. In order to tap into these benefits, businesses need to put the right data…Read More
Data analytics techniques are valuable for business managers to derive meaning from the large volume of data generated at various points in all business operations. The trends and insights that data analytics provide help make informed decisions — both strategic and tactical. In many organizations today, the challenge is no longer the lack of data,…Read More
“In God we trust, everyone else, bring data.” – This quote by W. Edwards Deming aptly summarizes the significance of data for the modern enterprise. Data: An Organization’s Most Precious Resource Consider this: successes of companies like Lyft and Airbnb, which have brought disruptive changes in their industries, have been based on the depth of…Read More
Data visualization is the representation of data in visual formats that incorporate charts, graphs and a variety of other illustrations. With the help of images, data visualization highlights relationships within the data and is a powerful tool for making complex and large amounts of data easy to comprehend. Interactivity is a feature of modern data…Read More
The availability of good quality data is a great business asset and competitive advantage. Once you have gathered accurate and relevant data, you can use it to persuade potential buyers and close deals, build consensus within your own organization or devise competitive strategy. In all these cases you need to present the data to various…Read More
Data visualization is an extremely powerful manner to generate business insights and arrive at better, data-driven decisions. The way in which visualizations are created has evolved over time — from the simple and static charts of the past to interactive, engaging visuals today. What are the current trends in data visualization that give us a…Read More
The quality of data cannot be stated in absolute terms as it is relative to the intended application. The same set of data may be considered to be of good or poor quality based on a particular situation or application. Hence the saying that “all accurate data is not created equal.” Data is considered to…Read More