The Importance of Data Analytics in Retail Data analytics is becoming increasingly important in the retail industry, and for good reason. With the vast amounts of data available to retailers, it’s now possible to gain valuable insights into customer behaviour, preferences, and buying patterns. This information can be used to improve sales and marketing strategies, […]
The Importance of Data Analytics in Retail Data analytics is becoming increasingly important in the retail industry, and for good reason. With the vast amounts of data available to retailers, it’s now possible to gain valuable insights into customer behaviour, preferences, and buying patterns. This information can be used to improve sales and marketing strategies, […]
Data science includes work in computation, statistics, analytics, data mining, and programming. We hear or use many terms in our industry on a daily basis, but what is the underlying meaning of these words? We have created a glossary of common statistics and Data Science terms that every person concerned should know. Algorithm: A mathematical […]
Data discovery is a business-user driven process of extracting actionable patterns and outliers from data. It involves collection and analysis of data from various sources to gain insight from hidden patterns and trends. Data discovery tools use a variety of methods such as pivot tables, pie charts, heat maps, bar graphs and geographical maps to […]
Do you ever realize what data does Facebook’s systems collect about you even when you’re offline and what is it used for? Have you ever searched for something, only to see that same item pop up in a sponsored post in your Facebook stream the next time you sign in? Or read an article about […]
General Data Protection Regulation (GDPR) is introduced by the European Union (EU) to safeguard the privacy data of European citizens. The EU GDPR is a data security regulation that was adopted on 14 April 2016, and became enforceable beginning 25 May 2018. GDPR compliance applies to organizations established in EU and the European Economic Area (EEA). It also […]
The possibilities of artificial intelligence (AI) are infinite and beyond the scope of our imagination. AI is the core of the epoch of automation, machine learning, smart gadgets, connected mobility and Industry 4.0. It is empowering a whole lot from decision-making, predictive analysis, robotics, healthcare, agriculture, logistics, construction, to banking, aerospace and others. AI won’t […]
Data is no more eccentric to financial industry, neither is analytics or decision-making. When combined, the system can break through the data silos as well as turn the insights into rewarding business outcomes. Artificial Intelligence (AI), machine learning (ML), and predictive analytics are paving their way for intensive customer-centric data that can increase sales, generate […]