Analytics (40)

Data Analytics May Change the World

Data analytics is proving to be an excellent tool, not only for business but for the planet as well, going by how it is helping fight climate change and helping society in general. While many have associated it with its uses in the business environment, it is proving to be the change that the world needs at a time when the fight against climate change is taking shape. In addition to helping in climate change initiatives, big data analytics will help improve other areas such as entertainment and health and research, among other fields. Here are some of the biggest areas that data has on the world.


Data Analytics for Your Business

Data analytics has proven to be a critical part of modern businesses. It can help improve decision-making outcomes for almost any type of decision, which can be micro, macro, strategic, operational, cyclical or tactical decisions that will help propel a company to the best possible heights. Data analytics can help unearth new solutions to problems and opportunities that business leaders would not have found if they continued using conventional methods. Progressive organizations employ data for various things and therefore must rely on data from within and outside the organization to make smart and informed decisions.


Stay Away from these Mistakes with Your Data

Big data and analytics have become a success story for some organizations. However, most of them have never realized the full potential of big data because the real power of this technology has been restricted to small parts of their operations and businesses. Therefore, while others have immensely benefitted from big data, some are still struggling to see how it will help them. According to Gartner, only 20% of analytics insight will deliver the business outcomes this year. This low percentage of delivery is due to various mistakes. Due to this challenge, this article lists some mistakes you should avoid in your big data initiatives.


These Data Analysis Projects are Gaining Attention  

Data analytics projects can be challenging to many organizations, especially those entering the murky waters of data analysis for the first time. While you may think data projects need to be complex or showy, that is not always the case. Rather, the most important thing you should do is demonstrate your skills using data sets that interest you. The good news is that any organization, regardless of the time they have spent, is that data is everywhere, and you need to know where and how to find it and what to do with it.


Watch Out for These Common Analytics Mistakes

Technology is advancing at a fast rate. The same can be said about the emergence of new devices and their data. With vast data emerging from different sources, new approaches are adopted to process data and gather insights. As such, data analysis has gained fame. While big data analytics is a good thing for your business, mistakes can be made in the data processing. As you seek to implement this technology in your organization, watch out for these common analytics mistakes in your operations.


Analytics Makes Better Weather Information  

In a constantly evolving world, today’s research on weather and climate is crucial for predicting tomorrow’s trends. Weather data analytics helps scientists identify the weather patterns and allows organizations and other institutions to get real-time updates and know what awaits them. Weather data insights can be used to identify aspects like tropical cyclones, possible floods, atmospheric rivers and others. This has proven to be an important component considering the changing climate and weather patterns. Weather analytics play an important role in minimizing environmental impact. Here are some ways this approach to analytics can impact the climate now and in the future.


Data Analytics Can Help Your Customer Journey

For any organization, aligning marketing and customer experience is a matter of critical importance. According to a report by Huffington Post, more than 34% of leading businesses said that customer journey was a top priority to them in 2020. Understanding how technology can benefit businesses before settling on the helpful ones is crucial for any organization. One of the most beneficial technologies in this era is data analytics. With this technology, you can map out various behavioural scenarios of your customers and potential clients and achieve a deeper understanding.


Big Data Can Transform Your Business

Digital transformation is happening faster than anticipated a decade or two ago. This has made data an important asset for organizations of all sizes across all industries, in both public and private sectors. The factors that have led to the rising importance of data include widespread use of the internet, cloud computing adoption, and the availability of different devices and sensors that make up the internet of things (IoT) ecosystem.


Get Your Analytics Right

Data is the most important component of a business today. Although the concept of big data has been around for years, many organizations have not understood the importance of data. Most of them now understand that if they capture all data properly as it is streamed into their businesses, they can use analytics and get value. However, a good point to begin with is understanding what big data analytics is. Big data analytics is a process that involves the extraction of meaningful insights such as patterns, trends, correlations and customer preferences. It gives advantages and can be used to enhance decision-making in an organization. Modern organizations must embrace this new paradigm to compete effectively in the new business landscape. Here is why you need to get your analytics right.


Big Data is Key to This Year's Retail Success  

With the closures of stores and bankruptcies caused by the pandemic, the future seems bleak for the retailers as it is for other industries. It raises the question of what steps retailers need to take to tackle the endless challenges lying ahead. This can only be answered by adopting technology. According to a study by Snowflake Computing back in 2018 and Harvard Business Review, companies that make data-driven decisions have the best chance to survive the challenges in the retail market and remain in the business longer. This makes big data a fortune-changer when it comes to the retail industry.


Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.