Analytics
Retail Analytics in 2024: Uncover Retail Insights with AI
Retail analytics helps businesses gain critical insights about inventory, sales, supply chain activities, consumer demand, and more. By implementing an analytics-driven retail environment, organizations can make better decisions for procurement, marketing, merchandising, and operations. This, in turn, enables retailers to create a better buying experience and for identifying opportunities for organizational improvement.
Graph Analytics in 2024: Types, Tools, and Top 10 Use Cases
Analytics is generally used on numeric data to gain insights. However, graph analytics analyzes relationships between entities rather than numeric data. By using graph algorithms and relationships in graph databases, graph analytics solutions are uncovering insights in fields like social network analysis, fraud detection, supply chain and search engine optimization.
Application Analytics in 2024: Tracking KPIs that lead to success
Though the number of applications is increasing, the number of successful applications remains limited. Application analytics solutions capture and analyze application metrics such as usage patterns. Insights from application analytics enable companies to continuously improve their cloud, desktop and mobile applications.
Ultimate Guide to Analytics Consulting in 2024
Big data projects are positioned in the business press as good investments; however, Gartner reveals that 85% of Big Data projects fail. According to a Fortune Knowledge Group survey, these projects fail due to organizational resistance (e.g., executives’ reliance on instincts rather than data).
What is Analytics? How is it Evolving in 2024?
Analytics is the science of producing insight from the patterns in complex data to make better decisions. It relies on statistics, predictive modeling and computer science. Analytics is not a new concept for organizations, being a relevant topic since the mid-90s. Starting with sales and customer data, businesses applied analytics to their decision-making processes.
AI in analytics: How AI is Shaping Analytics in 2024 in 4 Ways
I started my career as a management consultant. Excel was our temple for analytics. For a recent graduate, macros and connected models perform miracles but albeit at great effort. However, our reach was extremely limited compared to the possibilities of today.
Citizen Data Scientists: 4 ways to democratize data science [2024]
Analytics vendors and non-technical employees are democratizing data science. Organizations are looking at converting non-technical employees into data scientists so that they can combine their domain expertise with data science technology to solve business problems. What does citizen data scientist mean? Citizen data science is a term initiated by Gartner.
Exploring Analytics & AI in 2024: A Detailed Primer
It is often said that data is the most valuable asset a business can have; the oil of a digital era. But data itself, while interesting, often leaves out a variety of important details – creating a need for analytics.
5 Steps to Workforce Analytics in 2024
Employees are one of the biggest investments that an organization can make, so it’s not surprising that the field of workforce analytics has emerged to help support it.
IoT Analytics: Benefits, Challenges, Use Cases & Vendors [2024]
By 2020, it is expected that there will be between 20 and 30 million IoT units in the marketplace, according to a study conducted by Gartner. With this much data being collected, the need for a way to analyze it grows exponentially.