Guest post by Finnegan Pierson With plenty of news stories revolving around how Facebook and other big internet companies use the data they collect from us, you may be wondering what other aspects of your life are affected by data collection. In fact, the number of areas of your life that are touched by data analysis might surprise you. 1. Online Shopping Online shopping is an easy one. Every single online shopping site you use tracks your browsing history of the site’s products to serve them up to you later in highly targeted ads as a way of reminding you of purchases you may have been researching on their site and added to your cart, but didn’t purchase immediately. Google takes […] Continue Reading
Common HR Department Mistakes and How to Avoid Them
Guest post by Finnegan Pierson Every business needs to master the art of juggling for it to be successful. Every department is essential in ensuring the success of a business, but most entrepreneurs ignore the human resource department when other things are flowing smoothly. Human resource departments have several responsibilities to protect not only the company but also its employees. Businesses have faced lawsuits after making the slightest mistakes, while others have damaged their reputation and brand. Well, mistakes are inevitable, but it is essential for human resource departments to be aware of and avoid these mistakes to stay aware from lawsuits and protect their brand. An outdated or non-existing employee handbook Every business needs to be updated and communication work […] Continue Reading
5 Ways in Which Retailers Can Utilize Big Data and Digital Signage for Success
Today, most successful retailers are using big data and digital signage to improve their operational efficiency and customer experience while boosting their sales. A huge volume of data can be generated on the retail industry every second through both traditional sources and technology driven sources. Retailers and restaurant owners are using advanced analytics to gain relevant insights and even make concrete real-time decisions that are beneficial to both the customer and the business. • Detection and prevention of fraud By leveraging on the rich data environment of the retailer, exact areas of fraud exposure can be recognized. Retailers can analyze information from every day sales transaction and other activates like warehouse inventory, sales forecasts, accounts payable, employee shift records, and […] Continue Reading
Business Folk Need and Want Big Data — The Issue Is Teaching Them
On the surface level, Big Data isn’t a difficult concept to understand: the more data a business collects, the more data it can use to understand its consumer audience, to build effective products, and to predict successful marketing campaigns. Yet, almost as soon as discussions begin about how to collect Big Data, perform analyses, and develop data-driven plans, business professionals start to drift away. Big Data is incredibly important in the current era of business, but because data seems highly technical, few business-minded people want to bother acquiring that knowledge and skill. In the interest of harnessing the power of Big Data, those skilled with data need to train business professionals in the ways of data – or else replace […] Continue Reading
The Six Pillars of an Effective Business Process
Guest post by Finnegan Pierson. The term “business process” is too broad and may have different meanings to different people. For the purpose of this article, it shall be defined as a task or set of tasks that are designed to achieve a specific objective. Making sure that the tasks your employees work on are the ones that will produce the most impact to your business’ long-term growth and success is key to actually achieving it. Here are the six pillars to eliminating inefficiencies and bottlenecks that are slowing down your business’ growth. Define It Before you can improve it, you should be able to clearly define your business-specific processes. Mapping it provides a clearer view of how things are getting […] Continue Reading
List the areas getting benefit from Big Data analytics
In this digital world, data is present everywhere and massive amount of data is generated everyday by every business. Every discussion, every plan, every decision is also a data within itself. To store the business related data, every organization has to buy hardware, software and using it setup a network. Data becomes an indispensible for business. From buying a car, gym, insurance, restaurant, stores and credit card, data exists. With the help of number of ways such as internet or dealing with business, data can be made. Big data generates value from the storage and processing of very large quantities of digital information that cannot be analyzed with traditional computing techniques. Big data is the data characterized by 3 key […] Continue Reading
Embedded Self-Service Enhances the Growing Culture of Analytics
Not long ago, effective data analytics were seen as a form of differentiation. Today they are table stakes, as companies become increasingly data-driven to help grow their businesses and remain competitive. As business intelligence in the enterprise shifts from the purview of data scientists and IT-led reporting into the hands of non-technical business users, agile embedded analytics are essential. Embedding analytics deep within an application that employees are already using every day not only provides a seamless user experience, but also empowers employees to share dashboards, reports, and other analytics they create across their organization, with little to no support from IT. Growth in the embedded analytics market continues to be stoked, in large part, by the rising demand for […] Continue Reading
How Big Data and GPS Will Rule in 2018
Today big data, machine learning and location data are playing huge roles in business, finance, politics and almost every sector. There is some concern playing itself out regarding location data and other technology features. While it is important to understand the risks involved in big data and GPS, it is vital to know what role they play in our lives and society today. While there is a long future ahead for big data and location data, we have seen it utilized already. Below are a few ways location data and big data are being used to improve business and life in 2018. Geolocation Companies have been using location data for years. For example, Mastercard uses location data to help […] Continue Reading
How Data Science Course Program Proves Beneficial for You
This is a guest post by Danish Wadhwa. The IT sector is awash with data. This means more data is available to us than we can use. Data science is the field related to the development of insights from large sets of unstructured data. Its practical significance lies in the generation and implementation of information the right way. Today, data science techniques are widely used to streamline information models of a dynamic environment that depend on real-time sensor data. When organizations get these information models, they turn them into tailored services to offer to users. Who does this job? From data fetching to organizing to delivering insights, the whole process is accomplished by a data scientist. Who are data scientists? Data […] Continue Reading
