Category: Talk Data To me

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Death Of 3rd Party Cookies: What Retailers Need To Know

business intelligence benefits for the retail industry

Business Intelligence: Benefits for the Retail Industry

Big Data has been a revolutionary concept for global industries and changed how we do business. Business intelligence is currently valued at $14.7 billion and is expected to grow by $8.15 billion between 2022 and 2026. All of its applications are critical for effective strategy development, but retail business intelligence has a special significance. A…

data analytics myth debunked

The 7 Biggest Data Analytics Myths Debunked

Despite the clear advantages of data analysis to some of the biggest names in tech and business, from Meta to Amazon, there is still a stigma attached to the practice. The realities of data analytics, however, have been obscured by myths. In this article, we will shine a light on the truth. Introduction to Data…

why data literacy matters

What’s Data Literacy and Why Is It Important?

Data has become a fundamental aspect of business operations in the growing digital-first global economy. As a result, learning how to extract, analyze, store, and use data from different sources has become crucial for driving business value. However, many businesses, especially those digitalizing their operations to make data-driven decisions don’t have the knowledge to tap…

data management pain points

Top 5 of Data Management Pain Points In 2022

Creating a data-driven culture is not the only challenge that organizations and data professionals must overcome to get value out of the data collected and its analysis. There are many other data management pain points or challenges to overcome. The following are the top 5 challenges for data management and the strategies to overcome them.…

demand forecasting in supply chain

Why Demand Forecasting Is Important in Supply Chain

The COVID-19 pandemic was unanticipated and severely disrupted logistics worldwide. According to statistics, the global supply chain pressure index increased from 0.01 in December 2019 to 3.15 in April 2020. While few people could have predicted the chaos the pandemic would cause, the impact led several to start incorporating demand forecasting in the supply chain.…

machine learning on demand forecasting

How Machine Learning Can Improve Demand Forecasting

Machine learning has seen one of the most rapid growths, its market value increasing from $1.03 billion in 2016 to $15.44 billion in 2021. This innovation has also outperformed expert predictions and gained a strong foothold in the commercial industry. The reason is that businesses have benefited from its applications, succeeding at enhancing demand forecasting…

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Data Reliability: A Challenge to Address to Becoming Data-Driven

Everyone wants to be a data driver. But to be data-driven, you first need to have reliable data. Having data is quite different from having reliable data, which is also different from being data-driven. To paint a clear picture, let’s take a scenario where two marketing executives present different sales figures for the same quarter…

chossing right data platform

How to Choose The Right Data Platform That’ll Meet Your Needs

The business world today runs on data. Regardless of your industry or organization size, data powers strategic decision-making, reveals hidden waste generators eating into your bottom line, and unearths new revenue streams. However, data alone can’t execute all the above. Your business must gather tech solutions that connect all the relevant data sources. You’ll need…

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Data Lifecycle Management: A Simple and Complete Explanation

Enterprise data can no longer be thought of as separate chunks of information. Today, data is not only everywhere, but it’s also interconnected. At any given organization, the same dataset passes through multiple hands and is used to make informed decisions across departments. Enterprise data has evolved into a homogenous living thing that flows throughout…

ecommerce benefits from cloud computing

5 Ways eCommerce Can Benefit from Cloud Computing

The oversaturated eCommerce market is dictating its terms of competitiveness. Now minor weaknesses and delays can cost thousands of losses and paralyze your business. Therefore, online store owners need to be flexible, intelligent, and also grasp the latest innovations to use to their advantage. Retailers take different steps, such as building a headless commerce structure…

complete guide data discovery

What is Data Discovery? The Ultimate Guide

The technologies you use for day-to-day operations at your organization generate and transmit data at an unprecedented rate. Today, businesses collect a lot of information relating to customer buying patterns, supplier lead times, customer search queries, and even their contact and IP addresses. With so much data at your disposal, it’s best to put it…

self service analytics and business insights

Self-Service Analytics Lets Everyone Identify Business Insights

Imagine how productive and competitive your organization would be if every one of your users turned into a data analyst (almost) overnight. It’s possible – with self-service analytics. Self-service analytics is a form of business intelligence (BI) that lets non-technical users such as executives or marketing teams access data, perform queries and generate reports to…