The concept of advanced analytics can seem out of reach for many businesses. Business execs and managers often picture a team of data scientists and IT staff busily analyzing data and, included in that picture, they imagine the bags full of cash required to fund […]
Tag: Data Literacy
As business organizations fight for competitive advantage, funding for projects and large expenditures can fall by the wayside. In today’s competitive business market, every senior executive looks at risk, value and calculations like return on investment (ROI) and total cost of ownership (TCO) before approving […]
Encourage Data Literacy and Create Citizen Data Scientists! Data literacy is a very popular idea these days. As business users adopt and embrace data and advanced analytics, features like predictive analytics for business users make it easier for a user with average skills to leverage […]
There are many variables to the success of an advanced analytics solution but the primary pitfalls for this type of project can be traced back to poor planning. If the organization is not ready for self-serve advanced analytics, the initiative will fail. Organizational readiness is, […]
Can Augmented Analytics Tools Improve Business User Analytics Adoption? When a business commits to data democratization and to improving data literacy, it must add advanced analytics tools that will support these initiatives. The education of business users is crucial if these projects are to be […]
Citizen Data Scientists Improve Productivity and Innovation in the Enterprise! A business that does not optimize its resources is doomed to fail. In this rapidly changing business environment and market, every organization must make the best of precious human resources. No one has enough funding […]
Learning for Citizen Data Scientists and Data Literacy Across the Enterprise! So you want to transform your business users and encourage learning for Citizen Data Scientists to enable data literacy across your enterprise? If your business is like most, your average business user doesn’t know […]
One of the most common excuses used to avoid data democratization and self-serve augmented data discovery is that the organization cannot guarantee data integrity and that, if business users have access to dated, incorrect or incomplete data, the resulting decisions will not be better but […]
This article summarizes our recent article series on the definition, meaning and use of the various algorithms and analytical methods and techniques used in predictive analytics for business users, and in augmented data preparation and augmented data discovery tools. The article series is designed to […]
This article will focus on the Naïve Bayes Classification method of analysis. What is Naïve Bayes Classification? Naive Bayes is a classification algorithm that is suitable for binary and multiclass classification. It is a supervised classification technique used to classify future objects by assigning class […]