CATEGORY: analytics

Turn Your Big Data into Smart Data with Augmented Analytics

Turn Your Big Data into Smart Data with Augmented Analytics

Machine learning and artificial intelligence make big data analytics possible by automating the fundamental task of identifying patterns in large amounts of data. However, for the most part, human engagement and interactions have been necessary both at the beginning of the process, to prepare data for analysis, and on the back end to apply analytic insights to real-world business conditions.[…]

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Insurance companies are embracing analytics to reduce risk

Insurance companies are embracing analytics to reduce risk

Collecting relevant data and analyzing it to identify both potential risks and opportunities is nothing new to insurance companies. In fact, insurance actuaries been early adopters of the most cutting-edge statistical analysis tools available since insurers were first writing policies on cargo transported by sailing ships and trade caravans. It was those early efforts in analytics that enabled[…]

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Reliable Software Tech Talk on Data Analytics

Data is information collected in a prescribed manner for use as a reference or analysis. Raw data is collected and properly disseminated to create a definite set of information related to a particular topic. Once created, data can be used as a building block for creating new insights through Analytics. These are different types of Data Analytics:

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Will self-serve analytics make businesses more competitive?

Will self-serve analytics make businesses more competitive?

The idea of “self-serve analytics,” in which data analytics capabilities are distributed throughout an organization so that functions such as HR and finance can meet their own basic analytics needs on demand, isn’t necessarily new. But when data got big, most organizations found it necessary to centralize their analytics to be able to work with multiple large data sets and sources. The era of[…]

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How the Chief Data Officer helps companies manage data effectively

How the Chief Data Officer helps companies manage data effectively

Thanks to the headlines, the average person probably thinks a Chief Data Officer’s role is locking down an organization’s databases against hackers and sending out “Our privacy policy has changed” emails. But for organizations leading the way in digital transformation, the CDO is responsible not for corralling information, but for creating value. They play increasingly-critical strategic roles[…]

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