Okay, this is on me.  I own it.  My blog “Why Data Monetization is a Waste of Time” created quite a stir.  I loved it.  I’d like to take this “data monetization” conversation one step further:

Most organizations should not be…

Forecasting is the process of making prediction of the future based on past and present data.

In many cases…

Gartner says a data fabric is a custom-made design that provides reusable data services, pipelines, semantic tiers, or APIs via a combination of data integration approaches in an orchestrated fashion. It can be made better by adding dynamic schema recognition or even cost-based optimization approaches. As a data fabric becomes increasingly…

How much money is your organization leaving on the table by not being more effective at leveraging data and analytics to power your business?

This question is becoming more and more relevant for all organizations of all sizes in all industries as AI / ML capabilities become more widely available.  And nothing highlights the…

Big data analytics are used in the tremendously big, varied data groups that include organized and unorganized data from many separate bases, and all over the various sizes from terabytes to exabytes.

Data pertaining…

Here, let’s start this blog with some controversy:

“For most organizations, data monetization is a total waste of time”

I've been having lots of conversations recently about where the Data and Analytics organization should report.  Good anecdotal insights, but I wanted to complement those conversations with some raw data.  So, I…

If your business is trying to incorporate data analytics into the fabric of day-to-day work, you will need to get your users to adopt analytical tools. The way forward is not all that complicated. The solution you choose must take an augmented analytics approach, one that includes simple search analytics, ala Google search. Natural Language Processing (NLP)…

Agile Data Governance is the process of improving data assets by iteratively capturing knowledge as data producers and consumers work together so that everyone can benefit. It adapts the deeply proven best practices of Agile and Open software development to data and analytics. It begins with the identification of a business problem, following by the…

With stagnating consumption and restrictions on individual and merchandise flow, the footwear and apparel industry is quickly overhauling its strategy for the “new normal”. COVID-19 is forcing the industry to be more focused, sustainable and efficient in its processes. In doing so, it is also forcing the industry to become more…

I got my second Pfizer Covid shot today, which means that I'm now part of the growing post-Pandemic population. Having been more or less in quarantine from the middle of March of 2020, I'm more than ready enough to leave behind the masks, to visit the coffeeshop and the barber and the gym, to be able to go into a restaurant without trying to…

When it comes to technology projects, 54 percent of businesses worldwide say digital transformation is their top priority.

Digital transformation has many advantages, including increased sales and stock values. However, financial gains take precedence over all other considerations, as these are the company’s primary…

When everyone has access data analytics, they have the context to make the best decisions for their team, their department, and the company – in real time.

Facilitating decision making throughout the enterprise starts with commitment from the top

Many…

Senior executives trained in accounting continue to struggle to understand how to determine the value of their data. The article “Why Your Company Doesn’t Measure The Value Of Its Data Assets” written by Doug Laney (by the way, why does the Forbes web site absolutely bury the reader in ads?) contains a telling comment from a senior accounting firm…

Employee recognition occurs when a manager or a peer recognizes a person's efforts and/or achievements inside an organization. According to Bersin by Deloitte, 83 percent of organizations suffer from a lack of [employee] "recognition," while just 17 percent of employees think their managers know how to recognize them properly.

While…

“If you make decisions based upon averages, at best, you’ll get average results”

During the 1950s[1], United States Air Force pilots were having trouble controlling their planes. The problem turned out to be the cockpit, or more specifically, the fact that the cockpit…

The Corona Virus (COVID-19) has taught us many hard lessons, not the least of which is the importance of being prepared, the importance of anticipating what may be just around the corner, and the importance of being able to theorize, hypothesize and predict. All of these skills are amply supplied by data scientists and analysts. But, in today’s world, it is…

Figure 1: How Data and Analytics Mastery is Transforming The S&P 500

Artificial Intelligence (AI) has proven its ability to re-invent key business processes, dis-intermediate customer relationships, and transform industry value chains.  We only need to check out the market…

Image source: pixbay.com

Artificial Intelligence (AI) has numerous applications for small businesses and is not something meant just for large corporations. No one can deny the…

Regardless of the industry and size of the business, whatever the vision of a business is for the future, it must necessarily include proper digital transformation to grow rapidly. 

Due to the whole pandemic, the way businesses operate drastically changed.…