Posts Tagged ‘Data analytics’
Analytics to the Rescue
Predictive analytics is the use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data. The goal is to go beyond knowing what has happened to providing a best assessment of what will happen in the future. Business 2 Community brought this topic to our attention in their…
Read MoreAnalytics to the Rescue
The Department of Revenue recently took measures to boost revenue and hit targets. With the help of data analytics they met to talk strategy and streamline the functions necessary to reach the goal. This interesting news came to our attention by Financial Express in their article, “Revenue Secretary steps up action against tax evaders; taps into data…
Read MoreDigital and Data Quality
In this digital age in which we are living, we are drowning in an ocean of data. Organizations have a large number of data entities and data elements, as well as a large volume of data corresponding to the same. Challenges arise as they continue to amass more and more data with each passing day. With…
Read MoreLooking at Technology in 2020
As the first quarter of 2020 comes to a close, it is interesting to look back at what the predictions concerning the technology movement were and if there are any indications or affirmations as of yet. Tech Republic brought this interesting news to our attention in their article, “Big data predictions: 8 analytics trends in…
Read MoreWomen in STEM
Females in science and technologies fields have always less been than optimum. In an era when women are increasingly prominent in medicine, law and business, why are there so few women scientists and engineers? Columbus CEO brought this interesting topic to our attention in their article, “Women in Analytics brings women’s voices into industry conversation.” In…
Read MoreAnalytics Used to Remove Bias in School
Education is never a waste of time. It is encouraging to know there has been an increased interest in learning more about how data information science is used by learning institutions in order to make the lives of students better. Analytics Insight brought this interesting topic to our attention in their article, “The Importance of Incorporating…
Read MoreAnalytics in Collaboration
According to research, a vast majority (94%) of large enterprises say data visualization and analytics are critical to their business growth and digital transformation. However, another study estimates business intelligence and analytics adoption hovers around 30% of all employees and given that staff are making decisions daily in response to customers’ needs, it is a missed opportunity not to…
Read MoreThe Power of Data Analytics
Big data is everywhere these days. What really delivers value from big data is the analytics applied to the data. Without analytics, which involves examining the data to discover patterns, correlations, insights, and trends, the data is just a bunch of ones and zeros with limited business use. To answer the age old question, “what’s…
Read MoreThe Power of Analytics
Data analytics are finding their value in every type of organization and line of business, even education. Universities are improving their data analytics programs using real-time dashboards. These gather and update student data profiles using multiple data points– from financial information to academic performance — to help advisers and faculty provide better support to students. This interesting topic came…
Read MoreThe Role of IoT Data
Data produced and consumed by the many Internet of Things (IoT) devices is constantly growing at an ever-expanding rate. It is predicted that there will be nearly 31 billion IoT connected devices by 2020. This interesting topic came to us from the RFID Journal in their article, “Finding Value in IoT Data.” Volume is great, but…
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