Key Principles of Data Product Management for Maximizing Business Value

Although almost every company in the world recognizes the power of data, most struggle to unlock its full potential. Companies such as Google, Amazon, and Uber that primarily deal with data are among the most valuable in the world, in terms of market capitalization, business performance, and innovation. One of the key reasons for their…

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Harnessing Data: From Resource to Asset to Product

Companies that are data-driven demonstrate improved business performance. McKinsey says that data and analytics can provide EBITDA (earnings before interest, taxes, depreciation, and amortization) increases of up to 25% [1]. According to MIT, digitally mature firms are 26% more profitable than their peers [2]. Forrester research found that organizations using data are three times more…

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Mind the Gap: Ask for Business Actions, Not Business Value

I’m not sure I know anyone in the data and analytics field whose platform doesn’t face budget scrutiny. Analytics is expensive. And when cost-cutting is the order of the day, analytics is a big target. Up shields. Time for another business value inventory. I’ve spoken with consultants who have completed analytics business value inventories at…

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Data Visualization in the Era of AI/ML

How will data visualization evolve in the era of AI/ML? While AI is rapidly evolving, it is ironic that business users are still using “dumb” dashboards. The challenge is to move beyond these unintelligent dashboards to a genuinely transformative visual analytics solution that harnesses the power of AI/ML. While some vendors offer a ChatGPT-like querying…

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The Future of Insurance: A Business Analyst’s Insight into Emerging Trends and Technologies

The insurance industry is undergoing a revolution, mainly driven by the application of advanced emerging technologies. The application and installation of new technologies enable a better future for our industry, where customers will receive maximum efficiency, security, and flexibility. Here, we address the major technologies and trends that influence this transition, shedding light on their…

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Securing Data in Transit for Analytics Operations

Most enterprises today store and process vast amounts of data from various sources within a centralized repository known as a data warehouse or data lake, where they can analyze it with advanced analytics tools to generate critical business insights.  Modern data warehouse platforms such as Snowflake, AWS Redshift, Azure Synapse Analytics, and IBM Db2 are built with…

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Beyond the Basics: Advanced Tips for Effective Data Extraction

Data extraction is a cornerstone in data analytics, enabling organizations to extract valuable insights from raw data. While basic extraction techniques are fundamental, understanding advanced strategies is crucial for maximizing efficiency and accuracy. This article will explore advanced tips for effective data extraction, shedding light on automation tools, leveraging APIs and web scraping techniques, enhancing…

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Granularity Is the True Data Advantage

Commerce today runs on data – guiding product development, improving operational efficiency, and personalizing the customer experience. However, many organizations fall into the trap of thinking that more data means more sales, when these two factors aren’t directly correlated. Often, executives will become overzealous in their digital transformations and cut blank checks for data collection,…

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Preparing for La Niña: Adopting Predictive Maintenance Before Hurricane Season

With a La Niña watch issued for the summer, businesses operating in hurricane-prone regions face heightened concerns about the impending storm season. La Niña heavily impacts the wind shear and atmospheric conditions over the Atlantic, where most hurricanes form thanks to its warm waters. It’s rare to go a year without a hurricane hitting some part of…

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The Swashbuckling Guide to Building an Analytics Center of Excellence

Ahoy, data adventurers! Embarking on the thrilling journey of building a successful Analytics Center of Excellence (CoE) is akin to navigating the vast seas of data-driven decision-making. As a seasoned captain who’s steered the ship through the turbulent waters of financial services, retail, CPG, and telecom industries, I’ve charted a course that’s proven its mettle…

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