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All Blog Posts Tagged 'BI' (48)

Maximizing Sales with Market Basket Analysis

Sales data analyses can provide a wealth of insights for any business but rarely is it made available to the public. In 2018, however, a retail chain provided Black Friday sales data on Kaggle as part of a Kaggle competition. Although the store and product lines are…

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Added by Ayumi Owada on April 17, 2019 at 6:30am — No Comments

Data Analytics. AI. ML. What’s the Difference?

There are transformative technologies in the world today with consistent effect and reliability in their promise to alter or change the ecosystem. Industries have transformed, and early adopters with it, while others race to understand how best to adapt or integrate said emerging technologies into their organizations in an effective and seamless…

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Added by Jay Nair on November 26, 2018 at 10:38pm — No Comments

Why Every CEO Needs a Chief Analytics Officer

Two former CAOs Make a Compelling Case for the CAO to Report to the CEO to build out an AI and Data Science Accountability COE.

Anthony Branda, MBA, Ph.D.,  Kevin Kramer, Ph.D.

  • Company CEOs today are being bombarded by C-suite executives with urgent requests for significant funding for Data Science and anything that can be labeled Artificial Intelligence (AI):
  • The CMO wants better segmentation, dynamic predictive scoring…
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Added by Kevin Kramer on November 19, 2018 at 10:30am — 2 Comments

Advanced Analytics – The Fourth Great Lever of Corporate Change

Summary:  Advanced analytics and AI are the fourth great lever available to create organic improvement in corporations.  We’ll describe why this one is different from the first three and why the CEO needs the direct help of data scientists to make this happen.

 

If you’re a CEO or any other flavor of top executive leading a…

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Added by William Vorhies on October 15, 2018 at 2:33pm — 2 Comments

Visual Analytics- Why & How- A light introduction

Think of all the self-service things you use in a day. Petrol stations, ATMs, Online/Apps for stock trading, banking, and shopping. The idea behind all this:

  • Convenience to customers
  • Reduced costs for providers
  • Freedom of choice about what I want, when I want without involvement of others in my minute-to-minute decisions.

We love to see and track health stats on Fitbit, Apple Watch, and Garmin.

The same goes with self service interactive…

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Added by Harshad Madhamshettiwar on September 13, 2018 at 3:00am — No Comments

BI strategy beyond Excel

(This post originally appeared here

In a…

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Added by Matthew Gierc on August 4, 2018 at 10:30am — No Comments

Steps required before adopting AI & Cognitive Computing platform

Enterprises are learning fast about the relevance and use of AI and Cognitive Computing platforms. Before adopting AI and Cognitive Computing platforms, enterprises must focus on designing the right strategy for their business. A data-driven strategy is very important to derive the maximum benefit from the platform that will help to interpret data and provide accurate…

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Added by Dileep Srinivasan on May 2, 2018 at 5:30pm — 1 Comment

5 Keys to Real-Time Analytics

The value analytics brings to a business is inversely related to the time it takes to create said analysis. In a traditional world of quarterly lookbacks, an analyst’s output may be interesting, but its ability to drive real relevant change is hindered by time and effort. The fundamentals that were once present may have all changed.

This is why real-time analytics are a breakthrough for a business. If you can take…

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Added by Taylor Barstow on April 23, 2018 at 3:00am — 1 Comment

What is the Benefit of Modern Data Warehousing?



Access to relevant customer and industry information is the primary competitive advantage businesses have over their direct and indirect competitors today. It’s the smartest approach to remaining vigilant in a business environment where competition is at an all-time high. 

That’s where data warehousing comes in. Data warehouses are central repositories of…

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Added by Ronald van Loon on July 17, 2017 at 7:00am — No Comments

If Data is as Valuable as Gold, It’s Time to Polish Your Data Architecture

It speaks volumes of the world we live in today when headlines such as “The world’s most valuable resource is no longer oil, but data” and “Why Data May Be More Valuable Than Dollars” are commonplace. With the explosion of IoT and with that 2.5 quintillion bytes of data being created per day, the underlying power of this data comes as no surprise.

Unlike gold however, data is ubiquitous and being created at an exponential rate. So where’s the value in something that is everywhere?…

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Added by Amy Flippant on June 5, 2017 at 12:30am — No Comments

How to Create a Control Chart in Tableau

What is an easy way to find that needle in the haystack? Why not use a control chart?Using a control chart on a data set is an efficient way to identify data sets that are out of control. A control chart is a statistical tool that is used to chart data points over time and zeros in on points that are outside of the normal range (outliers). The main components of a control chart…

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Added by Eric Mayberry on May 16, 2017 at 7:30am — 2 Comments

The Age of the Customer: The Key to the 360° View

The evolution of modern technology in the past 10 years is astounding: our mobile phones are becoming smarter by the second, our online behavior is revealing more about human nature and our wearable technology knows more about our general well-being than our family doctor.

This adoption of technology into almost every facet of our life will surely define this epoch as the digital era. We have been talking about the Internet of Things (IoT) for many years now, these “things” being all…

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Added by Amy Flippant on May 9, 2017 at 11:30pm — 4 Comments

Does Your Company Speak the Same Data Language?

“A company that ceases to grow will die;” a useful albeit slightly morbid mantra for any business trying to make it out there in the big wide world. How can business avoid such an outcome? One answer is by staying relevant, no mean feat in our rapidly changing environment.

Staying relevant is a question of recognising what your customers want and having the ability to deliver that requirement as quickly as possible. Easier said than done, however, with the enormous…

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Added by Amy Flippant on March 14, 2017 at 8:03am — No Comments

What Is the Future of Data Warehousing?

There is no denying it – we live in The Age of the Customer. Consumers all over the world are now digitally empowered, and they have the means to decide which businesses will succeed and grow, and which ones will fail. As a result, most savvy businesses now understand that they must be customer-obsessed to succeed. They must have up-to-the-second data and analytical…

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Added by Ronald van Loon on November 1, 2016 at 7:00am — 4 Comments

All About Data Science And Big Data

Data Science is the system used to extract insights from data that’s mined from various sources. Using various techniques including predictive modeling, Data Science helps to analyze and interpret vast amounts of data. The people who apply Data Science to manage large amounts of data are called Data Scientists. Let’s see how Data Science correlates with the…

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Added by Vaishnavi Agrawal on January 8, 2016 at 11:30pm — No Comments

Preventing Ecommerce Pricing Glitches with Automated Anomaly Detection

With the online holiday shopping season heavily underway and expected to reach $83 billion this year, online stores need to run smoothly, including having prices in order. It may sound basic, but simple computer glitches can cause pricing errors that may excite consumers, but cause major problems down the line. For example, for a few hours this summer, visitors…

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Added by Uri Maoz on December 15, 2015 at 2:30pm — No Comments

The Business Translator - The Missing Link to Make Data Science Projects Stick

Why aren’t models and insights generated by many Data Science projects an instant hit with companies looking for data driven growth? They miss the Business Translator, an important role that nobody is currently recruiting for. Read on to learn about my proposal on how to make Data Science projects stick at your company and build an enduring business…

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Added by MARIUS MARCU on September 3, 2015 at 8:00am — No Comments

What type of business intelligence tools are companies investing in this year?

`The full-stack BI software category comprises of three different product flavors, which are nonetheless comparable to each other as they all endeavor to provide an end-to-end solution to the data challenges described at the beginning of the guide. The three subcategories are:

  • On-Premise First Full-Stack BI Solutions: These are products that were usually designed originally as on-premise solutions, although many now also offer cloud versions.
  • Open Source…
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Added by Grishma Govani on May 1, 2015 at 3:30am — No Comments

The Big Data and Business Intelligence twins! To the rescue of Defined Benefits Pension Plans (DBPP’s)

Good day and my warmest hellos from Montreal, Canada to all members of the Data Science Central virtual community.

I have recently joined this very interesting, bountiful and multi-sub-disciplinary web site in the data science field and admittedly I’m still exploring all of its numerous knowledge facets.

In order to introduce myself to all of you I thought it would be à propos to use the project I’m currently working on as a window to my expertise, which compared to all of you,…

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Added by Sylvie Leduc on April 25, 2015 at 6:00pm — 4 Comments

Huge Trello List of Great Data Science Resources

I have been reading and collecting data science resources for years (back in the days when BI / BA was all the rage). While there are lots of resources on the net, not all are great and some are even misleading.

Now, I have updated my collection and placed them into a neat Trello list, open to all.

Of course it features some of the great and interesting articles from data science central:…

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Added by Thia Kai Xin on July 28, 2014 at 6:00pm — 1 Comment

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