What do modern businesses have in common with professional tennis superstar Novak Djokovic? Both are achieving high levels of performance and efficiency with predictive analytics. Predictive analytics is an area of statistics that uses artificial intelligence, machine learning, data mining and predictive modeling to gather and assess historical data in order to predict future events. [...]
“Big data” is a term that first appeared in the late 1990s and began to pick up steam in the early 2000s – long before growing numbers of mobile devices and Internet-connected objects caused the current spike in data volume. Of course, attempts to quantify the growth rate of data date back at least to [...]
In a previous post, we discussed the importance of establishing a data governance framework to ensure the accuracy of the information being used to guide business decisions. Perhaps more important is the role of effective data governance in ensuring compliance with government and industry regulations. Organizations of all sizes and in many sectors must comply [...]
They call this the age of “big data,” but sometimes it seems an awful lot like the age of “bad data.” According to a recent study by data scientists at IBM, one in three business leaders do not trust the data they use to make decisions. Further, the study claims that the annual cost of [...]
