Smart Data Collective

FEBRUARY 20, 2020

Despite the massive impact big data has had on our world, only 23% of companies currently have a big data strategy. Information systems specialists will play an important role in building data strategies for growing companies. Bureau of Labor Statistics, there is an estimated growth of 12% over the next 8 years.

Big Data 129

Big Data Statistics Data Strategy Technology 129

Smart Data Collective

SEPTEMBER 2, 2023

To capitalize on all the benefits of a data rich business, we need good leaders who can lean into the benefits of a data surplus while minimizing the possible downsides. The Value of Data There’s no question that data is valuable, but only when it’s utilized properly. Ignorance of outliers. Trusted analysts.

Key Performance Indicator 126

Key Performance Indicator Statistics Metrics Interactive 126

TDAN

JULY 16, 2019

Turn Your Statistics Into Something More Interesting Data is quickly becoming a defining thing in the business world. A company which doesn’t pay attention to proper statistics can be at a serious disadvantage from companies who do, especially companies that […].

Statistics 40

Statistics Visualization IT Data Quality 40

FineReport

DECEMBER 11, 2019

. – Head First Data Analysis: A learner’s guide to big numbers, statistics, and good decisions. – Data Divination: Big Data Strategies. – Data Divination: Big Data Strategies. Big data is changing our world. Data analysis is setting off a revolution.

Big Data 98

Big Data Statistics Experimentation Data Strategy 98

CIO Business Intelligence

OCTOBER 13, 2023

Data architect vs. data scientist According to Dataversity , the data architect and data scientist roles are related, but data architects focus on translating business requirements into technology requirements, defining data standards and principles, and building the model-development frameworks for data scientists to use.

Data Architecture 132

Data Architecture Data Warehouse Statistics Visualization 132

CIO Business Intelligence

AUGUST 9, 2022

Data engineers are often responsible for building algorithms for accessing raw data, but to do this, they need to understand a company’s or client’s objectives, as aligning data strategies with business goals is important, especially when large and complex datasets and databases are involved.

Analytics 131

Analytics Data Science Statistics Unstructured Data 131

AWS Big Data

FEBRUARY 26, 2025

AWS Glue Data catalog now automates generating statistics for new tables The AWS Glue Data Catalog now automates generating statistics for new tables. These statistics are integrated with a cost-based optimizer (CBO) from Amazon Redshift and Athena, resulting in improved query performance and potential cost savings.

Analytics 59

Analytics Data Lake Metadata Data Warehouse 59

Smart Data Collective

AUGUST 27, 2020

The UK Office of National Statistics shows that roughly 30% of all retail sales are conducted over the Internet. Amazon Prime feeds everything the average person needs with startling and polished ease, holding your credit card data so cleanly that it takes little more than a single click to make a purchase. All online.

Big Data 114

Big Data Finance Risk Insurance 114

CIO Business Intelligence

MARCH 21, 2022

According to William Chen, Data Science Manager at Quora , the top five skills for data scientists include a mix of hard and soft skills: Programming: The “most fundamental of a data scientist’s skill set,” programming improves your statistics skills, helps you “analyze large datasets,” and gives you the ability to create your own tools, Chen says.

Unstructured Data 137

Unstructured Data Data Analytics Analytics Data Science 137

TDAN

JANUARY 5, 2022

The world now runs on Big Data. Defined as information sets too large for traditional statistical analysis, Big Data represents a host of insights businesses can apply towards better practices. But what exactly are the opportunities present in big data? In manufacturing, this means opportunity.

Manufacturing 89

Manufacturing Big Data Statistics Data Processing 89

Occam's Razor

MARCH 23, 2021

In our in-flight optimization journey thus far, we have worked to identify signals that are believable, and identifying at which point they become believable (ex: statistically significant). So what does a strongly proactive and truly influential data strategy at the bleeding edge look like? It sounds complex, it is not.

Analytics 133

Analytics Scorecard Strategy Testing 133

IBM Big Data Hub

SEPTEMBER 19, 2023

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

Cloudera

SEPTEMBER 10, 2020

Using this secure platform enables the Census to aggregate and manage data from various different sources, improving data products for all types of users whilst ensuring security and governance was adhered to. This confidence and trust is key to enabling them to use data to its fullest potential and generating business value. .

IT 104

IT Business Objectives Digital Transformation Data-driven 104

bridgei2i

JUNE 23, 2021

PODCAST: Exploring Data, Digital and Artificial Intelligence through a Holistic Lens. Exploring Data, Digital and Artificial Intelligence through a Holistic Lens. In the latest episode of ‘The Data Strategy Show’, host Samir Sharma engages Prithvijit(Jit) Roy and Pritam K Paul, Co-Founders of BRIDGEi2i, in a riveting discussion.

Strategy 52

Strategy Enterprise Statistics Digital Transformation 52

Smart Data Collective

FEBRUARY 15, 2022

But statistically speaking, the odds are not in every entrepreneur’s favor. This entails using big data reliably. Companies with well-thought out data strategies are likely to beat the odds. In fact, a majority fail in their pursuit. Businesses are more likely to succeed when they make the right investments.

Marketing 122

Marketing Data Analytics Analytics Big Data 122

AWS Big Data

JULY 13, 2023

This allows for transparency, speed to action, and collaboration across the group while enabling the platform team to evangelize the use of data: Altron engaged with AWS to seek advice on their data strategy and cloud modernization to bring their vision to fruition.

Optimization 98

Optimization B2B Data Quality Sales 98

Anmut

NOVEMBER 26, 2021

Whilst 90% of S&P market cap is attributed to intangible assets, of which a significant proportion is data, only 30% of organisations have a well-articulated data strategy. Whilst everyone knows that data is incredibly valuable to their organisation, these statistics show that data isn’t given a strategic narrative.

Data Strategy 52

Data Strategy Statistics Strategy Sales 52

Peter James Thomas

APRIL 9, 2019

These are as follows: General Data Articles. Data Visualisation. Statistics & Data Science. Analytics & Big Data. How to Spot a Flawed Data Strategy. Data Visualisation. Statistics & Data Science. Data Science Challenges – It’s Deja Vu all over again!

Data-driven 49

Data-driven Statistics Data Science Big Data 49

Sisense

SEPTEMBER 12, 2019

A business intelligence strategy is a blueprint that enables businesses to measure their performance, find competitive advantages, and use data mining and statistics to steer the business towards success. . Every company has been generating data for a while now. The question is, what are you doing with it?

Strategy 81

Strategy Dashboards Diagnostic Analytics Prescriptive Analytics 81

TDAN

JUNE 2, 2020

As I begin this article, it strikes me that the entire world is focusing on data, the data about COVID-19. Each day, here in New York City, so many of us wait with a mix of anticipation and dread for the daily recitation of statistics at our governor’s news conference. The numbers are more encouraging […].

Statistics 52

Statistics IT Data Governance Data Strategy 52

Sisense

MAY 20, 2021

Guy calls for companies to build a two- or three-year cohesive strategy that inculcates the use of data and analytics throughout the organization. He says, “Every company must have an embedded data strategy that takes into account the working practices and all of the data needs of every division.”.

Analytics 98

Analytics Data-driven Strategy Measurement 98

Cloudera

JULY 26, 2021

As part of that organizational transformation, the data scientist role has morphed into the human data scientist one. This part of the Building Successful Data Strategies series explored the requirements for an Enterprise Data Cloud that delivers Simple, Resilient, Maintainable and Evolvable product strategies: .

Strategy 119

Strategy Data Science Unstructured Data Marketing 119

TDAN

JULY 5, 2022

There are many areas of data science and AI where we need to be satisfied with an answer that is not perfect and yet still provides business value. The data scientist’s problems are often not solved with straightforward statistics and are instead much more complex. That’s where heuristics excel. […].

Statistics 52

Statistics Data Science Data Strategy Big Data 52

TDAN

DECEMBER 17, 2019

Data is commonly referred to as the new oil, a resource so immensely powerful that its true potential is yet to be discovered. We haven’t achieved enough with data research and other statistical modeling techniques to be able to see data for what it truly is and even our methods of accruing data are rudimentary […].

Data Architecture 52

Data Architecture Statistics Modeling IT 52

TreehouseTechGroup

JULY 30, 2020

When data analytics, statistical algorithms, and machine learning come together, this super-power, also called predictive analytics, becomes a capability that can have a huge impact on business decisions and results. In business, knowledge is power, and the knowledge of what will happen in the future is a super-power.

Predictive Analytics 52

Predictive Analytics Analytics Statistics Machine Learning 52

IBM Big Data Hub

APRIL 6, 2023

This new regulation applies to any “automated employment tool;” so, any computational process derived from machine learning, statistical modeling, data analytics, or artificial intelligence, including homegrown and third-party programs.

Cost-Benefit 56

Cost-Benefit Risk Statistics Machine Learning 56

BizAcuity

MAY 16, 2022

He went on to be the head brewer of Guinness and we thank him for not just great hand-crafted beers but subsequent research breakthroughs in statistical research as well. Data allowed Guinness to hold their market dominance for long. For business intelligence to work out for your business – Define your data strategy roadmap.

Business Intelligence 52

Business Intelligence Data mining Visualization Data Lake 52

TDAN

OCTOBER 15, 2019

In today’s age where petabytes of data are being created by various companies and individuals on a daily basis (1 Petabyte = 10^15 Bytes). A lot of companies are now diving deep into the statistics in order […].

Data Science 40

Data Science Statistics Data Strategy Big Data 40

IBM Big Data Hub

MAY 21, 2024

In the case of Sevilla FC, using big data to recruit players had the potential to change the core business. Instead of scouts choosing players based on intuition and bias alone, they could also use statistics, and confidently make better business decisions on multi-million-dollar investments (that is, players).

Reporting 66

Reporting Statistics Technology Consulting 66

Smarten

APRIL 19, 2024

Assisted Predictive Modeling and Auto Insights to create predictive models using self-guiding UI wizard and auto-recommendations The Future of AI in Analytics The C=suite executive survey revealed that 93% felt that data strategy is critical to getting value from generative AI, but a full 57% had made no changes to their data.

Analytics 59

Analytics Predictive Modeling KPI Machine Learning 59

AWS Big Data

APRIL 3, 2024

In our case, we are appending _custom to the statistic name, resulting in the following format for KPIs: Completeness_custom Uniqueness_custom In a real-world scenario, you might want to set a value that matches with your data quality framework in relation to the KPIs that you want to track in Amazon DataZone.

Data Quality 111

Data Quality Visualization Metadata Metrics 111

IBM Big Data Hub

AUGUST 7, 2023

AI algorithms have the potential to surpass traditional statistical approaches for analyzing comprehensive recruitment data and accurately forecasting enrollment rates.

Optimization 55

Optimization Forecasting Data-driven Strategy 55

AWS Big Data

AUGUST 1, 2024

This is the most basic validation step to make sure no data has been lost or duplicated during the migration process. Column-level validation – Validate individual columns by comparing column-level statistics (min, max, count, sum, average) for each column between the source and target databases.

Data Warehouse 107

Data Warehouse KPI Optimization Cost-Benefit 107

Occam's Razor

DECEMBER 3, 2008

Business strategy. Your deep understanding of statistics etc is not required. To tackle other complex things for a company, like creating a "data strategy" or becoming the chief privacy officer (a individual contributor role) etc. Understanding ecosystem. Trinity type execution of measurement.

Analytics 115

Analytics Consulting Metrics Reporting 115

Anmut

JULY 25, 2024

Wind pattern data can be used to determine the optimum location for wind turbines. While sensor and remote monitoring data can be used to optimise maintenance schedules and maximise turbine output. Crime statistics, coupled with geo-location data, can identify crime hotspots.

Data-driven 10

Data-driven Statistics Machine Learning Consulting 10

TDAN

MAY 20, 2020

Is it possible to listen without opinion, judgement or stories [i]? In this coronavirus pandemic, many people have strong opinions, judgement, and stories. For example: — “This is ridiculous, and we are overacting.”— — “We have not been careful enough and are not being careful enough. This is serious!”—

IT 119

IT Data Strategy Big Data Business Intelligence 119

Ontotext

SEPTEMBER 1, 2023

LLMs in particular have remarkable capabilities to comprehend and generate human-like text by learning intricate patterns from vast volumes of training data; however, under the hood, they are just statistical approximations. So, What Exactly are Generative AI and LLMs?

Risk 52

Risk Modeling Data Quality Data Governance 52