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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How Data Analytics Is Transforming Due Diligence

Due diligence is the complex process of assessing a potential investment and ensuring it is a sound one. It involves the gathering, classifying, and analyzing of large volumes of data. Given its very nature, it’s the perfect field for data analytics, which can speed processes up and assess the quality and reliability of data. Due…

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Four Perspectives on the Art of Data Analytics

As data science professionals, we are often viewed as people who draw conclusions based only on data and minimize other factors. This perception usually becomes contentious when the insights and evidence from the data are inconsistent with somebody else’s “hypothesis.” Or we are confused and maybe frustrated when “qualitative” analysis trumps quantitative analysis. The next time…

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Data Literacy Trends in 2024

Data literacy has become a critical skill in today’s technology-driven world. As we begin 2024, the importance of data literacy trends cannot be overstated. Organizations are recognizing that data is no longer just a byproduct of their operations but a valuable asset that can drive informed decision-making.  Data novices are individuals who lack the skills…

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Dremio Partners with Carahsoft to Help Public Sector Organizations Harness Data Analytics

According to a new press release, Dremio and Carahsoft Technology Corp. have officially partnered, with Carahsoft serving as Dremio’s Master Government Aggregator®. This collaboration aims to offer Dremio’s comprehensive cloud and software portfolio to various public sector entities, including government, defense, intelligence, and education, through Carahsoft’s reseller partners and multiple government contracts such as NASA…

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Data Analytics Platforms: Features and Benefits

Data analytics platforms offer a collection of powerful tools that enable organizations to make sense of the vast amount of data they generate and collect. These platforms offer a range of capabilities, including data integration, data cleansing, predictive modeling, and real-time reporting.  The platforms usually provide a comprehensive suite of tools and techniques for analyzing…

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Elevating Data and Analytics for 2024: A GenAI Imperative

As GenAI ascends in priority for CIOs, CDOs, and business leaders, 2023 has placed data and analytics in the spotlight. The hidden challenge is that entities lagging in data industrialization find themselves trailing in business transformation. GenAI and machine learning are touted to address myriad problems. Morgan Vawter, global vice president of data and analytics…

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Data Catalog, Semantic Layer, and Data Warehouse: The Three Key Pillars of Enterprise Analytics

Analytics at the core is using data to derive insights for measuring and improving business performance [1]. To enable effective management, governance, and utilization of data and analytics, an increasing number of enterprises today are looking at deploying the data catalog, semantic layer, and data warehouse. But what exactly are these data and analytics tools…

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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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Data Activation: The Key to Taking Data Reports to the Next Level

Let’s talk about an inconvenient truth: For the typical business, data reporting has a tendency to fall short of producing the desired outcomes. Despite the significant resources that organizations often invest in producing data reports – and in the data collection, governance, and analytics processes that happen prior to reporting – the people who actually…

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