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These days, it is not a question of whether companies are collecting and analyzing data on their execution of operations, but rather how effectively they are doing so. Companies spanning industries are all prioritizing their data analysis capabilities. They seek the real-time insights enabled from complete data visibility, which can optimize their processes. Before organizations can begin gleaning insights from their data, it is essential to assess their data maturity level. Organizations that successfully gauge…

We all know that Silicon Valley is always trying to build a better mousetrap, but often, that mousetrap is flawed. Maybe it improves one feature but breaks three others in the process. Or perhaps the new mousetrap is just too complicated to deploy at scale. What’s even more frustrating? The existing mousetrap usually works just fine — maybe even better than the new one. Sometimes innovation happens for innovation’s sake rather than to meet a…

Consumers are inundated every day with ads for products and services. The number of options is exhausting. What makes consumers stop and pay attention? As brands work to answer this question, they become more creative as a result. In fact, many are diving into the benefits of big data analytics. For instance, in 2016 Starbucks started using AI to send personalized offerings to its customers via email. Beyond customizing drinks to match personal tastes, the company uses…

A global KPMG survey showed that organizations cannot yet reap all the benefits of data analytics due to data quality issues and a lack of capable resources. In 30 years’ time, developments in data analytics itself could solve this issue, making many current professions in the sector obsolete. The impossible will become possible, and this may well lead to an autonomous decision-making process. Data analytics is expected to radically change the way we live and do…

We all have a friend who’s bragged about getting the greatest deal ever on a used car, right up until they’re calling us from the side of the highway because their new hot rod doesn’t work quite as well as advertised. Some of us, too, have been that unlucky buyer, watching the smoke curl from our engine and wondering where we went wrong. Making a decision on a big purchase is tough. Apart from trying…

We used to have plain old cars, models and data analytics. Today we’ve moved beyond those basic functional things and entered the age of super-extremes and turbo-charges. This means that the best cars (Lamborghini, Ferrari etc.) are now supercars, the best models (Cindy Crawford, Tyson Beckford etc.) are now supermodels and the best data analytics (there are many contenders out there) are superanalytics functions. But highly-advanced data analytics systems (perhaps unsurprisingly) aren’t quite racy enough…

The AI revolution is in full swing as firms in virtually all industries are using AI techniques to boost their bottom lines. An MIT Sloan Management Review survey-based report found that enterprises increased AI spending by 62 percent in 2019, and more organizations are expected to invest in AI in the coming years. However, techniques such as predictive analytics can be seen as “rocket science” by non-technical teams, leaving money on the table. In spite of massive investment,…