Category Archives: Data analytics

Building Data Analytics Organization: Operating Models

Data analytics organization

Most businesses these days are collecting and analyzing data to help them make better decisions. However, in order to do this effectively, they need to build a data analytics organization. This involves hiring the right people with the right skills, setting up the right infrastructure and creating the right processes. In this article, we’ll take a closer look at what it takes to set up a successful data analytics organization. We’ll start by discussing the importance of having the right team in place. Then we’ll look at some of the key infrastructure components that need to be put in place. Finally, we’ll discuss some of the key process considerations that …

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Posted in Big Data, Data, Data analytics, data engineering, Data lake, Data Science. Tagged with , , .

Differences: Data Analyst & Business Analyst

business analyst vs data analyst

Data analysts and business analysts are two very different positions in the world of business. Data analysts are responsible for examining data and manipulating it into a format that is easy to understand, while business analysts are responsible for taking this data and using it to make informed business decisions. This is not to say that one job is more important than the other – both positions are necessary for a well-functioning company. However, it is important to understand the distinctions between these two jobs so that you can better identify which role you might be interested in pursuing. Data Analysts vs Business Analysts Data analysts and business analysts are …

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

Who is a Data Scientist? Test your Knowledge

Interview questions

Do you know what a data scientist is? You may think you do, but take this quiz to find out for sure! Data scientists are essential to modern business and it’s important to know who they are and what they do. This quiz is just for fun, but it’s also a great opportunity to learn more about one of the most in-demand professions today. So put your data scientist knowledge to the test and see how well you really know this profession! And, feel free to share your thoughts if you disagree with the answer of any of the questions. Here are a few related posts on this topic: What …

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Posted in Career Planning, Data, Data analytics, Data Science, Interview questions, Machine Learning. 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 including decision-centric data analytics 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 …

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Data-centric vs Model-centric AI: Concepts, Examples

Data centric vs model-centric AI

There is a lot of discussion around AI and which approach is better: model-centric or data-centric. In this blog post, we will explore both approaches and give examples of each. We will also discuss the benefits and drawbacks of each approach. By the end of this post, you will have a better understanding of both AI approaches and be able to decide which one is right for your business! As product managers and data science architects, you should be knowledgeable about both of these AI approaches so that you can make informed decisions about the products and services you build. Model-centric approach to AI Model-centric approach to AI is about …

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

Gartner Data Analytics Trends for 2022

Gartner data analytics trends 2022

Every year, Gartner releases a report on the latest data analytics trends that will be influential for businesses in the coming year. These reports are always insightful, and provide valuable information for companies who want to stay ahead of the curve. This year is no exception, and Gartner released their predictions for data analytics trends in earlier in 2022. In this blog post, we will take a look at some of the most important trends that Gartner has identified. Although it is a bit late to publish this post. However, this post discusses the concepts in detail and will be updated from time-to-time. Stay tuned for more insights into the …

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Posted in Data, Data analytics, Data lake, Data Science. Tagged with .

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 , , , .

Healthcare & Machine Learning Use Cases / Projects

List of machine learning topics for learning

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 , , .

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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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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