Digital Transformation Needs A Strong Data Foundation
Digitization is all about putting the customer at the center of things and revolving the strategies around it. Most of the apps, as well as websites, have the common goal of delivering a superior and highly personalized customer experience by knowing more and more about the customers and their needs. Brands like Netflix to Amazon […]
Various Ways Companies Are Using Data Analytics to Improve Customer Experience
“We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better“- Jeff Bezos Jeff Bezos needs no introduction. With his obsession and passion with customer experience, what Amazon has done is cinematic history. […]
5 Examples of AI at Work in Retail
The holiday shopping season is already underway. Retailers are doing everything in their capacity to woo customers to their online and brick-and-mortar stores. To enhance the shopping experience for their consumers, retailers around the world have started leveraging the power of technology, in particular, the AI (Artificial Intelligence) technology. AI is not new for retailers. […]
Here Is How Machine Learning is Transforming These 5 Industries
When Digital Transformation is the topic of conversation amongst CIOs, machine learning has caught everyone’s attention. With its ability to automate things and facilitate improved, data-based decision-making, machine learning has become a priority for most of the CIOs. A study found that for 53% CIOs, machine learning is a focus of digital transformation efforts. Machine learning […]
The 5 Key Elements Of A Successful Business Intelligence Strategy
Business Intelligence has allowed businesses to shift from traditional practices of gut-feeling based decision-making to data-driven decision-making. Today, BI is not just a good-to-have but has become a necessity for companies to stay ahead of their competitors. Studies find that the market of Business Intelligence is expected to grow to $20 billionby the end of […]
New in the C-Suite – Chief Data Officer
Not long ago, data was considered as just data, but now it’s the new gold and it has now been also accepted that data is the new oil. Data plays a pivotal role in assisting organizations to arrive at business strategies based on sales, customers, trends or marketing. As the data being collected around us […]
Artificial Intelligence – Now Better with Blockchain
The buzzwords of 2018 are Artificial Intelligence and Blockchain, two very transformative technologies. Today AI surrounds us in any digital activity we do, be it replying to emails or shopping online. Algorithms can simulate almost any human behavior and decision-making. Artificial Intelligence is a collection of technologies (such as machine learning, artificial neural networks, and […]
Five Unusual Sectors That Have Embraced Big Data and Analytics
According to a statistics report by EMC, by the end of 2020, the total amount of data will be 44 Zettabytes. If we break this data, it will mean 5000 GB of data for every human being on this planet! That’s huge! The adoption of big data and analytics has gathered a lot of steam […]
Thanks to Big Data Analytics, the Insurance Industry Is Transforming – Here is How
Insurance primarily is a business of providing risk management. It is typically a contingent or a hedge against the risk of an uncertain loss. From the very nature, it can be deciphered that a lot of data needs to be captured by the reps from the clients or customers seeking a safeguard. These data points […]
15 Stats That Show the Power of Big Data, Analytics, IoT
From self-driving cars to smart microwaves that will automatically choose the best setting to cook your dinner, the growth of big data, analytics and the Internet of Things has been exponential. The sheer number of applications of these technologies is as vast as the sky, and industry leaders are all jumping on the data wagon […]