Rocket-Powered Data Science

OCTOBER 6, 2023

What is the point of those obvious statistical inferences? In statistical terms, the joint probability of event Y and condition X co-occurring, designated P(X,Y), is essentially the probability P(Y) of event Y occurring. How do predictive and prescriptive analytics fit into this statistical framework? ” “Just 26.5%

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Statistics 157

Sisense

SEPTEMBER 12, 2019

Every business needs a business intelligence strategy to take it forward. . As the Global Team Lead of BI Consultants at Sisense, I can say that the projects I’ve worked on where a BI strategy was involved, were more successful than projects without a strategy. But what is a BI strategy in today’s world?

Strategy 81

Strategy Dashboards Diagnostic Analytics Prescriptive Analytics 81

Jen Stirrup

NOVEMBER 15, 2022

Often, this problem can be due to the organization concentrating solely on technology and data. However, organizations can be supported by a synergistic approach by integrating systems thinking with the data strategy and technical perspective. How is it possible to enable data-driven decisions in a systems thinking approach?

Data Science 145

Data Science Digital Transformation Data-driven Measurement 145

bridgei2i

MAY 27, 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.

Statistics 98

Statistics Digital Transformation Data Processing Forecasting 98

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 128

Big Data Statistics Data Strategy Technology 128

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

CIO Business Intelligence

OCTOBER 13, 2023

The data architect also “provides a standard common business vocabulary, expresses strategic requirements, outlines high-level integrated designs to meet those requirements, and aligns with enterprise strategy and related business architecture,” according to DAMA International’s Data Management Body of Knowledge.

Data Architecture 132

Data Architecture Data Warehouse Statistics Visualization 132

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

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

DataKitchen

JUNE 24, 2021

Before we jump into a methodology or even a data strategy-based approach, what are we trying to accomplish? Automate the data collection and cleansing process. Tyo pointed out, “Don’t do data for data’s sake. There is no data strategy, it’s only a business strategy.”.

Metrics 211

Metrics ROI Measurement Cost-Benefit 211

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

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. Online outreach strategies are a lot more efficient when they are backed by usable data. billion by 2026.

Marketing 122

Marketing Data Analytics Analytics Big Data 122

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

CIO Business Intelligence

MARCH 21, 2022

Data scientists are becoming increasingly important in business, as organizations rely more heavily on data analytics to drive decision-making and lean on automation and machine learning as core components of their IT strategies. Data scientist job description.

Unstructured Data 137

Unstructured Data Data Analytics Analytics Data Science 137

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

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

AWS Big Data

DECEMBER 19, 2024

Adoption plan: Strategy In HEMAs data mesh, the catalog must be built in collaboration with all the services that produce data, so the key for the central data governance team was ideating an adoption plan that would add value to these teams, rather than disrupting the delivery of their projects.

Data Governance 52

Data Governance Publishing Data-driven Metadata 52

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

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

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

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

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 96

Optimization B2B Data Quality Sales 96

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

AWS Big Data

AUGUST 1, 2024

Effective planning, thorough risk assessment, and a well-designed migration strategy are crucial to mitigating these challenges and implementing a successful transition to the new data warehouse environment on Amazon Redshift. Organic strategy – This strategy uses a lift and shift data schema using migration tools.

Data Warehouse 100

Data Warehouse KPI Optimization Cost-Benefit 100

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

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

IBM Big Data Hub

AUGUST 7, 2023

Tackling complexities in clinical trial site selection: A playground for a new technology and AI operating model Enrollment strategists and site performance analysts are responsible for constructing and prioritizing robust end-to-end enrollment strategies tailored to specific trials. To do so they require data, which is in no shortage.

Optimization 55

Optimization Forecasting Data-driven Strategy 55

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

InsightOut

OCTOBER 15, 2021

b' Data analytics once came under the exclusive purview of number-crunching data analysts and esoteric data scientists. The power to access, analyze and present data sets from complex statistical programs lay only within their restricted reach. Technology has changed, and so have the business scenarios.

Dashboards 52

Dashboards Key Performance Indicator Digital Transformation Metrics 52

AWS Big Data

SEPTEMBER 13, 2023

In the Table statistics section, you will see an output similar to the following screenshot. Here, the Full load rows and Total rows columns are important metrics whose counts should match with the record volumes of the 18 tables in the operational data source.

Data Lake 104

Data Lake Data Processing Metadata Snapshot 104

Peter James Thomas

SEPTEMBER 19, 2018

Data Controls. Data Curation (contributor: Tenny Thomas Soman ). Data Democratisation. Data Dictionary. Data Engineering. Data Ethics. Data Integrity. Data Lineage. Data Platform. Data Strategy. Data Wrangling (contributor: Tenny Thomas Soman ).

Analytics 45

Analytics Testing Data Strategy Data Integration 45

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

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. Leveraging the adoption framework, this team will help ensure proper data quality, security, and compliance.

Risk 52

Risk Modeling Data Quality Data Governance 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