It’s time to implement a Data Strategy: Here are the 5 reasons why
Globalization and technology have spurred the modern world, making data an integral aspect of running a business. It has become more important than ever for businesses to have a data strategy to understand the needs of their customers and make sound decisions that improve their operations and contribute to their growth. Data can help companies […]
How does BI (Business Intelligence) impact your business?
Business intelligence (BI) refers to the technical and procedural infrastructure that gathers, stores, and analyzes the data produced by a company’s activities. It is a term that encompasses data visualization, data mining, process analysis, descriptive analytics, and performance benchmarking. When you use business intelligence for your company’s processes, you will have an all-inclusive view of […]
How Business Intelligence (BI) is revolutionising the Financial Services Industry to be more Data-Driven
Business intelligence (BI) is capable of unlocking the full potential of a company and its services, especially those in the finance industry. With access to real-time data, employees and managers alike, can make more reliable, effective and quicker decisions. Read on to learn how BI tools are being used to revolutionize the finance industry. What […]
Blocking out the noise – When should we use outliers in our analysis?
In a previous article, we investigated possible ways to spot anomalies in your data. We shall now follow that up with a discussion about when it makes sense to make use of these data points in your analysis – and when not to do so – as well as looking at some other methods that […]
Blocking out the noise – How to detect, handle and visualise outliers
Oprah Winfrey is one of the most famous names on the planet nowadays, having had an incredibly successful career as a talk show host for over 20 years and with an estimated net worth of $2.5billion. It is now also common knowledge that she was brought up in a poor family and experienced an incredibly traumatic upbringing […]
The vital foundation in a data-driven organisation – Data Quality
Data scientists spend 80% of their time cleaning data while the 20% remaining is dedicated to generating insights. 80/20 Data Rule Data is the obvious foundation of a data-driven company. But unless you have timely, relevant, and trustworthy data, the decision-makers in your organization will often be left with no alternative other than to keep […]
Cultivating the right Data-Culture
‘A data culture is not just about deploying technology alone, it’s about changing culture so that every organization, every team and every individual is empowered to do great things because of the data at their fingertips.’ Satya Nadella, CEO at Microsoft When data flows through the analytics value chain there are several touchpoints – some […]
What does it mean to be a Data-Driven Organisation?
Without data you are just another person with an opinion Williams Edwards Deming Over recent years, the use of data has substantially increased due to new technologies that allow for more efficient storage of data and presentation of information. Data has become a hot topic and becoming a data-driven organization has become a strategic pillar […]
Turn and Face the Change – How does the post-covid corporate environment look like?
All too often, change occurs in small, incremental, and sometimes organic stages; the history of flight or the automobile, the emergence of information communication technology (ICT) as well as modern healthcare are just a few examples of modern-day aspects that have emerged gradually over the years, decades and even longer timeframes. But occasionally, change happens […]
Blood, Sweat and Data – How data science has transformed the Olympic games
The Olympic games have always been a showcase for technology. Every four years, we can expect to see improvements in computing power, and innovations like cloud storage, Big Data, and Computer Vision, make their way into these events. The Rio Olympics were no different. With an IT budget of $1.5 billion that includes all game […]
