Category Archives: Data analytics

Tail Spend Management & Spend Analytics

Tail spend analysis and analytics and machine learning

Do you know where your business is spending its money? And more importantly, do you know where your business SHOULD be spending its money? Many businesses don’t have a good handle on their tail spend – the money that’s spent on things that are not essential to the core operations of the company. Tail spend can be difficult to track and manage, but with the help of spend analytics tools and machine learning, it’s becoming easier than ever before. In this blog post, we’ll discuss what tail spend is, how to track it, and how to use analytics and machine learning to make better decisions about where to allocate your …

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Posted in Data analytics, Data Science, Machine Learning, Procurement. Tagged with , , .

OKRs vs KPIs vs VGIs: Differences and Examples

VGI vs OKR vs KPI

The difference between OKRs , KPIs and VGIs is not always clear, but the concept is a great way to measure the progress towards achieving your business objectives. As business analysts, product managers, project or team leaders, it is important to understand the concepts of OKRs, VGIs & KPIs, and what’s the difference between OKR, VGIs and KPIs. In this blog post, we will discuss OKR vs VGI vs KPI and how they can be used for setting goals / objectives and measure different aspects of your team’s and organization’s performance in relation to achieving those goals. We’ll also go over real-world examples for OKRs, VGIs and KPIs so you can …

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Posted in Analytics, Data analytics, Product Management. Tagged with , , , .

What is Data-Driven Decision Making? Why & How?

data driven decision making what why how

Data-driven decision-making is a data-driven approach to making decisions to achieve desired outcome. More precisely, data-driven decision making is an insights-driven approach to drive decisions and related actions. The data can come from internal and external data sources. Data-driven decision-makers use data in their decision process to validate existing actions or take new actions (predictive or prescriptive analytics). They make decisions based on the actionable insights generated from the data. The goal is to make informed decisions while ensuring transparency across the stakeholders. In this blog post, we will discuss what data-driven decision-making is, how it differs from other types of decision-making, and why you should consider going for this …

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Posted in Data, Data analytics, Machine Learning. Tagged with .

Healthcare & Machine Learning Use Cases / Projects

Healthcare and AI and Machine Learning Use cases and projects

AI & Machine learning is being used more and more in the healthcare industry. This is because it has the potential to improve patient outcomes, make healthcare more cost-effective, and help with other important tasks. In this blog post, we will discuss some of the healthcare & AI / machine learning use cases that are currently being implemented. We will also talk about the benefits of using machine learning in healthcare settings. Stay tuned for an exciting look at the future of healthcare! What are top healthcare challenges & related AI / machine learning use cases? Before getting into understand how machine learning / AI can be of help in …

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Posted in AI, Data analytics, Data Science, Healthcare, Machine Learning. Tagged with , , , .

Marketing Analytics Machine Learning Use Cases

marketing analytics machine learning use cases

If you’re like most business owners, you’re always looking for ways to improve your marketing efforts. You may have heard about marketing analytics and machine learning, but you’re not sure how they can help you. Marketing analytics is an essential tool for modern marketers. In this blog post, we will discuss some of the ways marketing analytics and AI / machine learning / Data science can be used to improve your marketing efforts. We’ll also give some real-world examples of how these technologies are being used by businesses today. So, if you’re ready to learn more about marketing analytics and machine learning, keep reading! What is marketing and what are …

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Posted in AI, Data, Data analytics, Data Science, Machine Learning, Marketing. Tagged with , , , , .

What is Human Data Science?

what is human data science

There’s a lot of buzz around the term “human data science.” What is it, and why should you care? Human data science is a relatively new field that combines the study of humans with the techniques of data science. By understanding human behavior and using big data techniques, unique and actionable insights can be obtained that weren’t possible before. In this blog post, we’ll discuss what human data science is and give some examples of how it’s being used today. What is human data science? Human data science is the study of humans using data science techniques. It’s a relatively new field that is growing rapidly as we learn more …

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Posted in AI, Data, Data analytics, Data Science, Machine Learning. Tagged with , , .

Cash Forecasting Models & Treasury Management

cash forecasting models methods treasury management

As a business owner, you are constantly working to ensure that your company has the cash it needs to operate. Cash forecasting is one of the most important aspects of treasury management, and it’s something that you should be paying attention to. Cash forecasting is a great example of where machine learning can have a real impact. By using historical data, we can build models that predict future cash flow for a company. This enables treasury managers to make better decisions about how to allocate resources and manage risks. As data scientists or machine learning engineers, it is important to be able to understand and explain the business value of …

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Posted in AI, Data, Data analytics, Data Science, Machine Learning. Tagged with , , .

How to become a Data Analyst? Skills & Experience

data analyst skills experience jobs salaries

Do you want to become a data analyst? It’s a great career choice! Data analysts are in high demand, and with the right skills, you can make a good living doing something you love. In this blog post, we will discuss the skills required for data analysis, and provide some tips on how to acquire them. We will also recommend some courses and books that can help you get started on your data analyst career path! What is data analysis and what do data analysts do? Data analysis is the process of inspecting, cleansing, transforming, and creating data visualizations with the goal of discovering useful information, suggesting conclusions, and supporting …

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Posted in Big Data, Career Planning, Data, Data analytics, data engineering, Data Mining. Tagged with , .

What are Actionable Insights: Examples & Concepts

actionable insights concepts examples

The idea of actionable insights is something that has gone mainstream across different departments in any and every business due to the onset of digital transformation initiatives at large. Today, actionable insights are at the heart of many successful business decisions, and are used to help your company grow further than ever before. Actionable insights are key to any data analytics initiatives which are at the heart of digital transformation. Analytics centered around actionable insights is also termed actionable analytics. In this blog post, actionable insights are explained with examples along with few actionable analytics tools which are used when dealing with actionable insights. What are actionable insights? Actionable insights …

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Data Analyst vs Data Scientist vs Data Engineer

data analysts vs data scientists vs data engineers

There is a lot of confusion surrounding the job designations or titles such as “data analyst,” “data scientist,” and “data engineer“. What do these job titles mean, and what are the differences between them? In this blog post, we will define each title and discuss the key distinctions between them. By the end of this post, you will have a better understanding of which title is right for you! What is a data analyst? Data analysts are those who are responsible for collecting, organizing, and analyzing data. They use their findings to help businesses make better decisions. Data analysts are part of data management / governance teams. The following represents …

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Posted in Data, Data analytics, data engineering, Data Science.

Purpose of Dashboard: Advantages & Disadvantages

Dashboard - advantages and disadvantages

A dashboard is a visual representation of the most important information needed to achieve a goal. Dashboards form an integral part of analytical solutions. As the demand for data analytics continues to grow, dashboards are well-positioned to become one of the most essential tools in any business toolkit. It can provide an overview of what is happening in your business and help you make better decisions. While there are many advantages to using a dashboard, there are also some disadvantages that you should be aware of. In this blog post, we will discuss the purpose of the dashboard and its advantages and disadvantages. As a product manager/business analyst and data …

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How to Identify AI / Machine Learning Use Cases

identify ai and machine learning use cases

As AI and machine learning solutions and technologies continue to evolve, more and more businesses are looking for ways to incorporate them into their operations to realize a greater business impact. But with so many potential applications, it can be difficult to know where to start. In this blog post, we’ll outline some tips for identifying AI and machine learning use cases. We’ll also provide a few examples of how AI & machine learning can be used in business settings. So if you’re thinking about adding AI or machine learning to your toolkit, read on! This blog post will be appropriate for product managers, business analysts, data science architects, data …

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Posted in AI, Data analytics, Machine Learning, Product Management. Tagged with , , .

ESG Metrics & KPIs and ESG Reporting Concepts

ESG KPIs and metrics

This blog post is geared toward Environmental, Social & Governance (ESG) professionals looking to understand different aspects of ESG and some metrics that can be reported via ESG reports as part of their organization’s ESG reporting in relation to representing the sustainability aspect of their business. An understanding of different aspects of ESG can help you in getting started with ESG initiatives and ESG reporting. ESG initiatives can help companies improve their overall sustainability factor while creating a positive impact on environmental, social, and governance issues.  Getting started with ESG-related practices in your organization or department (such as procurement) requires a set of ESG initiatives and related performance measures including …

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Posted in Data analytics, Procurement. Tagged with , .

AI / Data Science Operating Model: Teams, Processes

data science operating model

Realizing value from AI/data science or machine learning projects requires the coordination of many different teams based on an appropriate operating model. If you want to build an effective AI/data science operation, you need to create a data science operating model that outlines the steps involved in how teams are structured, how data science projects are implemented, how the maturity of data science practice is evaluated and an overall governance model which is used to keep a track of data science initiatives. In this blog post, we will discuss the key components of a data science operating model and provide examples of how to optimize your data science process. AI …

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What is Data Quality Management? Concepts & Examples

what is data quality and why is it important

What is data quality? This is a question that many people ask, but it is not always easy to answer. Simply put, data quality refers to the accuracy and completeness of data. If data is not accurate, it can lead to all sorts of problems for businesses. That’s why data quality is so important – it ensures that your data is reliable and can be used for decision-making purposes. Data is at the heart of any enterprise. It is essential for making sound business decisions, understanding customers, and improving operations. However, not all data is created equal. In order to make the most out of your data, you need to …

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Posted in Data, Data analytics. Tagged with , .

Machine Learning with Alteryx: Examples

Alteryx machine learning use cases

Alteryx is a self-service data analytics software platform that enables users to easily prep, blend, and analyze data all in one place. It is a powerful tool that can be used in a variety of machine learning scenarios. It can be used to clean and prepare data, and develop, evaluate and deploy machine learning (ML) models. It offers a variety of features and tools that can be used to preprocess data, choose algorithms, train models, and evaluate results. In this blog post, we will discuss some of the ways that Alteryx can be used in machine learning. We will also provide examples of how to use Alteryx in machine learning scenarios. …

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