Data guides sound decision making, which introduces new efficiency and potential market opportunities for an organization. A truly data-driven organization does not necessarily or simply include bringing on board data scientists or bi analyst to the it department. It’s an integration into the day-to-day operations.
Businesses are shifting to mobile applications that are not device specific, and simply provide seamless access to data regardless of the method used to access the information.
When machines and systems are plugged into BI, managers at a manufacturing plant can uncover a host of insights that can save time, improve safety, and lower costs.
As the name implies, “predictive analytics” is a type of machine learning where models and algorithms work together to offer predictions of how a future scenario might unfold.
Blockchain is the underlying technology that makes Bitcoin (and other crypto-currencies) possible, but it’s a much broader and potentially transformative technology. It’s a good analogy to consider the blockchain as the internet and Bitcoin a cloud-based application such as email or CRM.
For the modern company that “runs on data”, there’s a pressing need to analyze and pull discoveries from the information. A core tool for data analysts is business intelligence (BI), a solution that has evolved over time to become user-friendly and powerful.