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BI Governance: 6 Implementation Best Practices in 2024

BI Governance: 6 Implementation Best Practices in 2024

The global business intelligence market is projected to be $33.3B by 2025, with more business units adopting BI tools. The importance of business intelligence is increasing. Data-driven decision making, for instance, is five times faster via data access and data analytics.

Jan 115 min read
Data Mining: What is it & Why do businesses need it in 2024?

Data Mining: What is it & Why do businesses need it in 2024?

The total volume of data created worldwide is expected to reach 149 zettabytes by 2045.

Jan 46 min read
How to Apply Data Mining in Business Analytics in '24

How to Apply Data Mining in Business Analytics in '24

Data mining is the process of finding patterns in order to predict outcomes in big data. Companies use data mining techniques to turn raw data into beneficial information to increase revenues, reduce costs, enhance customer relationships, and decrease risks. Today, 90% of businesses consider big data and analytics as a key to their organization’s digital transformation.

Jan 43 min read
How to Pair Data Mining & Business Intelligence in '24?

How to Pair Data Mining & Business Intelligence in '24?

Companies reported that they spent $187 billion on big data analytics in 2019. Big data analytics which is also called data mining is critical for business intelligence since businesses are relying on increasing levels of data. Data mining helps businesses prepare data for BI by identifying anomalies, root causes and predicting events.

Jan 44 min read
Pytorch Lightning in '24: What's new, benefits & key features

Pytorch Lightning in '24: What's new, benefits & key features

Today, almost everyone is aware of the power of data and how useful it can be to use data to solve various problems. However, not everyone can use data efficiently to drive beneficial insights.

Feb 145 min read
Top 50 Big Data Statistics in '24: Market Size & Benefits

Top 50 Big Data Statistics in '24: Market Size & Benefits

The driving force behind big data is quantification of information. In the past, you would just go for a morning jog. Today, you know it was 7.6km long, you took 11,341 steps and burned 612 calories because of it.

Jan 115 min read
Data Science Competition: What it is & How it works 2024

Data Science Competition: What it is & How it works 2024

Are you a data scientist who is looking for real-world data science problems to sharpen your skills? Or maybe your organization has hard to solve data science problems while your data science team is busy with other projects. For either case, a data science competition platform can help.

Jan 166 min read
Citizen Data Scientists: 4 ways to democratize data science [2024]

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.

Jan 123 min read
Machine Learning Accuracy: True-False Positive/Negative [2024]

Machine Learning Accuracy: True-False Positive/Negative [2024]

There are various theoretical approaches to measuring accuracy* of competing machine learning models however, in most commercial applications, you simply need to assign a business value to 4 types of results: true positives, true negatives, false positives and false negatives.

Dec 225 min read
The Ultimate Guide to Top 10 Data Science Tools in 2024

The Ultimate Guide to Top 10 Data Science Tools in 2024

Growing interest in data science has driven a growth in data science tools development. There are 2 classes of data science tools emerging: Learn the most popular data science tools for techies Becoming data scientist is hard. In any hard task, focus is critical.

Jan 124 min read