The FAAR Framework for Consuming Insights from Data and Analytics 

Faced with overwhelming amounts of data, organizations across the world are looking at leveraging data and analytics (D&A) to derive insights to increase revenue, reduce costs, and mitigate risks. McKinsey found that insight-driven companies report EBITDA (earnings before interest, taxes, depreciation, and amortization) increases of up to 25% [1]. According to Forrester, organizations that use data and insights…

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Business Intelligence and Analytics Trends in 2024

As organizations continue to generate massive amounts of data from various sources, the need for effective data analytics and business intelligence (BI) solutions has never been more pressing.  Here are some general trends for data analytics and BI:  Use of Advanced Algorithms in Data Analysis  Advancements in machine learning (ML) and artificial intelligence (AI) are…

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Data Governance: Your Key To Unlocking an Insights-Driven Business

Organizations are constantly seeking ways to gain a competitive edge by transforming data into actionable insights through analytics. However, achieving analytical success goes beyond just collecting large volumes of data and building dashboards. The key to turning data into meaningful and actionable insights across the organization lies in a frequently overlooked area – establishing a…

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How to Become a Citizen Data Scientist

The job responsibilities of a citizen data scientist include dealing with new data, using automated tools to process big data, and creating additional models to gain additional insights. Their primary job is not to make predictions directly from big data, or develop prescriptive analytics, but to build models and use tools that accomplish those goals….

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Three Key Commandments of Effective Dashboards

A dashboard is a visual snapshot of business performance using KPIs (key performance indicators) to help users make smarter, data-driven decisions. An effective dashboard simplifies the visual representation of complex data and helps stakeholders understand, analyze, and present key insights at a glance. At the core, the objective of a dashboard is to make complex…

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GenAI’s World-Changing Power Is Putting Knowledge To Work

Generative AI will not just disrupt — it will shatter markets, industries, and economies in waves over the next 10 to 15 years. We sense this, but why and how will this happen? We think that generative AI drives the cost of knowledge activation to zero and creates a virtual knowledge loop that increases what…

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Data Visualization Tools

From social media interactions to online purchases, online activity leaves behind a trail of valuable information. However, this abundance of data presents a unique challenge for businesses and organizations: How can they make sense of this vast sea of information and use it to their advantage? This is where data analysis and data visualization tools…

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Fundamentals of Document Databases

A document database (sometimes referred to as a “document store” or a “document-oriented database”), is a NoSQL or non-relational database. However, document databases use an index to associate “keys” with “documents,” making them more efficient at retrieving data. Unlike relational databases, document databases are not structured with a format of rows and columns, but scale…

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Predictions 2024: GenAI And Partners Help B2B Marketing, Sales, And Product Endure A Wild Ride Ahead

B2B marketing, sales, and product functions in 2024 will face disruption and opportunity from generative AI, making alignment more critical than ever. Learn more about what’s coming in 2024. Go to Source Author: Laura Ramos

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