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How to use Data Mining for Business Analytics

what is data mining

Data mining for business analytics is the process of extracting valuable information from a vast amount of available corporate or consumer data. Businesses are generating huge amounts of data from various applications, IT systems, and databases.  They say that data in most organizations is currently doubling every two years. This data may be stored on…Read More

How to use Analytics to Derive Business Data Insights

how to derive business insights from analytics

What’s your plan for the data you’ve captured about your business? Capturing business data is one thing, and using it proactively to make business decisions is quite another. With the advent of the Big Data era, we’re seeing an explosion in data capture tools and systems. But how many of these systems can actually help…Read More

3 Advanced Business Analytics Tools

business analytics tools

“If you torture the data long enough, it will confess.” — Ronald Coase (Economist) When it comes to business analytics tools, the software industry has been in overdrive mode. Dozens of new business analytics tools have been developed in the last couple of years. According to Gartner1[ASK1], by 2022, more than half of the business…Read More

5 Differences Between Business Intelligence and Analytics

Technology solutions that define themselves as “business intelligence” (BI) or “analytics” both provide insights based on past and present data in order to shape decisions that will help to achieve business objectives. What are the similarities and differences between business intelligence and analytics solutions? Both types of solutions help to organize data and present it…Read More

Big Data is Better Data…Right?

does big data mean better data

Is big data always better data? In other words, is it always helpful to have more data? Not necessarily — and here’s why.  From the time we first got excited about big data, we were told that the magic lies in the ability to find meaningful insights from large data sets, or data so voluminous…Read More

4 Big Data Challenges For Businesses

In recent years, a large number of enterprises planned and implemented projects based on big data analytics with the aim of gaining insights that would further their business objectives. Unfortunately, not all those initiatives succeeded in delivering tangible business value. It’s not surprising that a 2019 survey by NewVantage found that 77% of businesses reported…Read More