Data is essential in today’s organizations. They analyze a large amount of data at various speeds and make well-informed, data-driven, more accurate, and reliable decisions. However, legacy data warehouses built decades ago may be incapable of solving modern-day problems and meeting current demands. With data growing exponentially, businesses worldwide will require a cloud-based infrastructure to […]
A quick guide to Data and Analytics Modernization
Analytics modernization – you must have come across this term in some way. In a rapidly digitizing world, data is the most valuable asset. Companies want to use available data to make error-free, timely decisions, perform better analyses, and stay ahead of customer expectations. To stay ahead of the competition, every organization prioritizes data and […]
6 Use Cases of Advanced Analytics for the Insurance Industry
The insurance industry is fraught with danger. Navigating tricky claims procedures, pricing and promotion, risk mitigation, cash repression, natural perils, and ensuring compliance are some of the industry’s most complex challenges. Insurance companies have traditionally relied on statistics and data to drive their decisions, owing to the massive amount of daily data generated in this […]
Advantages of Outsourcing Data Management Services
For businesses in data-intensive industries to make decisions quickly, they need to invest in support systems that help them make well-informed, important decisions. Energy, commodities, agriculture, shipping, mining, insurance, finance, renewable energy, oil and gas, and utility businesses all need data support systems that give them high-quality and up-to-date information. This information can directly affect […]
Data Processing: Cycle, Types, Methods
Data is generated every second, whether you use the internet to learn about a specific topic, conduct financial transactions online, order food, or anything else. The use of social media, online shopping, and video streaming services has all contributed to the increase in data. According to Domo’s research, every human will generate 1.7MB of data […]
Data Mining: What is it and Why is it important?
What is data mining? Data mining is the process of sorting through large data sets to identify patterns and relationships that can aid in the resolution of business problems through data analysis. Data mining techniques and tools enable businesses to forecast future trends and make better business decisions. Data mining, which uses advanced analytics techniques […]
Choosing the Best Data Visualization with PowerBI
I’m sure we’ve all faced the problem of determining the best data visualization for our data sets. The correct data visualization will increase the impact of data storytelling and informed decision-making. Business intelligence platforms for large companies, like PowerBI, help visualize large amounts of data in the best way possible. What is PowerBI? Microsoft PowerBI […]
Understanding Data Migration: Best Practices and Strategy
Big data drives most modern businesses, and big data never sleeps. That means data integration and data migration must be well-established, seamless processes, regardless of whether the data is migrating from inputs to a data lake, from one repository to another, from a data warehouse to a data mart, or in or through the cloud. […]
Top Data Preparation Challenges And Solutions
People outside of IT can now analyze and create data visualizations and dashboards on their thanks to the rise of self-service BI tools. That was great when the data was ready for analysis, but it turned out that most of the time spent developing BI applications was spent on data preparation. It still does, and […]
6 Key Business Benefits of Real-Time Data Analytics
Organizations may benefit from real-time data analytics applications such as faster decision-making, increased business agility, better customer service, and more. When consulting with clients a few years ago, I would have stressed the importance of distinguishing between real-time and right-time data. Why deploy expensive real-time data analytics tools to deliver updates every few seconds if […]